Eastern Bank PLC (EBL), a leading private sector financial institution, has secured a $35 million loan from the OPEC Fund for International Development, says a statement. The loan aims to strengthen Bangladesh's economic resilience by enhancing access to finance for...
PATUAKHALI, Nov 12 (UNB): One unit of the Payra 1320 MW Thermal Power Plant in Patuakhali will remain out of service for the next two months for essential maintenance, according to plant officials.The scheduled shutdown of Unit 2, which began...
BRAC Bank's consolidated net profit after tax (NPAT) registered a growth of 74 per cent year-on -year (YoY) to reach Tk 10.11 billion during the first nine months of 2024. On a standalone basis, the bank saw a NPAT growth...
FE REPORT | 2024-11-13 00:00:00
Newly-appointed Commerce Advisor Sk Bashir Uddin has expressed hope that the proposed Economic Partnership Agreement (EPA) will brighten trade prospects between Bangladesh and Japan. It would open new doors of opportunities for Bangladesh, he said during a courtesy meeting with...
The International Fund for Agricultural Development (IFAD), a UN specialised agency and international financial institution, has both increased and exceeded its goals in delivering financing to rural and vulnerable populations, reports UNB.This achievement comes at a time when the transformation...
The Bangladesh Microinsurance Market Development Programme (BMMDP), funded by the Embassy of Switzerland in Bangladesh and implemented by Swisscontact, has launched two key initiatives aimed at boosting climate resilience. The Udoy Climate Microinsurance Innovation Fund and the Abhoy Climate Risk...
FE REPORT | 2024-11-13 00:00:00
Bangladesh's informal textile waste management system must be formalised to align with the European Union's (EU) sustainable product regulations, experts said on Tuesday during a discussion aimed at improving the country's ready-made garment (RMG) industry.The discussion was titled to be...
Social Islami Bank's reconstituted board, under the guidance of Bangladesh Bank, has reformed the Shari'ah Supervisory Committee of the bank. The reformed committee held its first meeting at the bank's head office on Monday. At the meeting, Mufti Mahfuzul Haque...
The 401st Board Meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Tuesday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Director & Founder Vice Chairman Kamal Mostafa Chowdhury,...
NEW YORK, Nov 12 (Reuters): Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates.Payouts will probably rise after financiers...
NEW YORK, Nov 12 (Reuters): Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk's close ties to President-elect Donald Trump may...
The Business Review Meeting-2024 for Barisal and Khulna regions of Mercantile Bank was held at Hotel Grand Park, Barisal recently. The heads of 17 branches, including sub-branches in Barisal and Khulna, participated in the conference. Md. Quamrul Islam Chowdhury, managing...
Southeast Bank recently conducted a capacity development workshop on retail products, marketing techniques and related risk management, aiming to ensure prompt and effective customer services. The bank launched its campaign 'Hit & Win' last month to attract deposits and provide...
FE REPORT | 2024-11-13 00:00:00
Pubali Bank got regulatory permission to issue subordinated bonds worth Tk 4 billion for strengthening its Tier- II capital base under Basel-III norms.The Bangladesh Securities and Exchange Commission (BSEC) gave its consent on Tuesday for the issuance of the bonds,...
FE REPORT | 2024-11-13 00:00:00
Despite a significant year-on-year jump in revenue, Olympic Industries' profit grew less than 1 per cent to Tk 565 million in the first quarter of FY25 amid much higher operating expenses.The country's leading biscuit manufacturer's earnings per share (EPS) stood...
FE REPORT | 2024-11-13 00:00:00
Meghna Petroleum secured a profit of Tk 5.42 billion in FY24, the highest since its 2007 listing and a 23 per cent increase year-on-year, as income from bank deposits escalated amid the rising interest rate.The state-run petroleum marketer's earnings per...
FAIRUZ BORSHA | 2024-11-13 00:00:00
The bakery market in Bangladesh has been experiencing a rapid transition over the years. Once, the industry used to be dominated by traditional sweet shops and family-run bakeries. Still, now it has evolved to meet the increasing demand for modern...
NOWSHABA ACHAL | 2024-11-13 00:00:00
Being unemployed might be one of the most challenging situations in life. It may be highly stressful to deal with unstable finances, a lack of routine, and the mental strain that job-seeking takes. Especially in this season, when a person...
Sanjoy Pal | 2024-11-13 00:00:00
Micro, Small, and Medium Enterprises (MSMEs) are known as the lifeblood of the world economy. The presence of MSMEs in every economic channel develops forward and backward linkages for large businesses as well. According to World Bank data, SMEs contribute...
The Jagannath University is a historic institution with around 19,000 students. Despite its popularity, the university lacks adequate residential facilities, offering only one dormitory for female students. While there is a designated hall for male students, it remains inaccessible due...
Concerns are mounting over the ability of Bangladesh Bank and other financial institutions to counter escalating cyber risks. The World Bank and the International Monetary Fund have warned that the financial sectors of South Asian countries-including Bangladesh, India, China, Sri...
Syed Mansur Hashim | 2024-11-13 00:00:00
It is good to see that the current government is sticking to its promise of moving away from multiple mega projects involving billions of dollars in foreign loans. The previous government had the grand plan of setting up nearly 100...
Wasi Ahmed | 2024-11-13 00:00:00
Defining hunger by a single or a set of watertight parameters is a difficult task. This is precisely because hunger varies from place to place not because of the degree but the peculiarities that essentially characterise it. More complex is...
The immediate past regime planned to launch 100 Economic Zones (EZs) across the country mostly on personal, political and other considerations. To that end, the Bangladesh Economic Zone Authority (BEZA), an agency to operate under the Prime Minister's Office (PMO),...
FE REPORT | 2024-11-12 12:00:00
Chief Adviser (CA) Professor Muhammad Yunus inaugurated a 'Probashi Lounge' - dedicated for the country's migrant workers - at the Hazrat Shahjalal International Airport (HSIA) in the capital on Monday. "Our migrant workers are our nation builders. In the July-August...
BABUL BARMAN & FARHAN FARDAUS | 2024-11-12 12:00:00
Only four non-bank financial institutions (NBFIs) out of 16 secured a higher profit year-on-year in January-September this year, driven by an increase in return from government securities. IDLC Finance, DBH Finance, United Finance, and LankaBangla Finance stand out in the...
Serajul I Bhuiyan | 2024-11-12 12:00:00
AI has become the number one cause of change in industries all over the world, be it in health, manufacturing, agriculture, or even financial services. Its transformative potential is huge, especially in education, as it empowers personalised learning, data-based insights,...
Rain/thunder showers is likely to occur at one or two places over Khulna, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. The highest temperature in the country on Monday...
Go tough against terrorism, extortion: PHQThe Police Headquarters (PHQ) has asked the police personnel at the field levels to go tough against any sort of terrorism, extortion and mugging. "Take tougher legal action against terrorism, extortion and snatching," Md Akram...
Five more people have died of dengue infection while 1,194 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh in the past 24 hours, reports bdnews24.com.With the new counts, the number of people in hospitals with the...
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