Trust Bank PLC and Xpress Money Services Ltd recently launched remittance mobilisation services to facilitate expatriate Bangladeshis across the globe. Ahsan Zaman Chowdhury, Managing Director of the bank, and Nur E Ferdaushi, Bangladesh Country Head, Xpress Money Services, jointly inaugurated...
Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has signed a partnership agreement with Aalok Healthcare Ltd at the bank's Gulshan corporate office recently. Through this exclusive agreement, Prime Bank employees will benefit from...
With 7 per cent system loss, the new management of the Titas Gas Transmission and Distribution Company PLC has been facing the biggest challenge in its service delivery, reports UNB."Some 7 per cent system loss means the organisation loses Tk...
FE REPORT | 2024-10-15 00:00:00
The central bank has allowed a maximum of $500 export under business-to-consumer (B2C) on e-commerce websites without declaration on EXP form to encourage small-value exporters, according to officials.To facilitate exports, declaration on EXP form to customs authorities will not be...
SAJIBUR RAHMAN | 2024-10-15 00:00:00
In the first 12 days of October, Bangladesh received remittances totalling $986.64 million (equivalent to Tk 118.40 billion) through legal channels.On average, daily remittances stood at $82.21 million or Tk 9.87 billion, according to Bangladesh Bank (BB) data.Sector insiders anticipate...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh recently arranged an event titled, "HSBC Innovation Forum: Digital Transformation of Payments and Trade Solutions" at a hotel in Dhaka, says a statement. The forum discussed and highlighted the advancement of...
Finance and Commerce Adviser Dr Salehuddin Ahmed inspects Karwan Bazar kitchen market in the capital during a market monitoring drive on Monday, aiming to keep the prices of essential commodity stable. — Focus Bangla
FE REPORT | 2024-10-15 00:00:00
Plastic product producers on Monday urged the government to reconsider its decision to ban single-use plastic (SUP) products, highlighting the potential economic and social fallout from such a move. During a press conference held at the Dhaka Reporters' Unity (DRU),...
STOCKHOLM, Oct 14 (Reuters): Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel, two sources familiar with the matter said.This comes after Ericsson got part of a $3.6 billion...
The 385th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held recently at the bank's Corporate Head Office. The meeting was presided over by its Chairman A. K. Azad. The Board approved a number of investment...
Popular film actress Bidya Sinha Mim has been appointed as the promotional ambassador for 'Walton Digital Campaign Season 21', which began on October 10, says a statement.An agreement in this regard was signed by Mim and Additional Managing Director of...
Bishwo Shahitto Kendro in association with bKash has expanded its book reading programme by distributing books to the students of 3 schools in Kaptai, Rangamati. The schools are Boroichori Karnaphuli Nurul Huda Kaderi High School, Kaptai Al-amin Nuria Dakhil Madrasah...
Adviser to the Ministries of Industries, Housing and Public Works Adilur Rahman Khan on Monday asked the high officials of Bangladesh Standards and Testing Institution (BSTI) to start work in framing a roadmap for improving the national standard of products....
LAXMIPUR, Oct 14 (UNB): At least three people were killed and 20 others injured in a gas cylinder blast in a bus in Sadar upazila of Lakshmipur district early Monday.The deceased were identified as Suman Hossain, son of Batu Mia;...
BARISHAL, Oct 14 (bdnews24.com): A committee has been formed to investigate the cause and damage of a fire that broke out on the ground floor of the medicine building at Barishal Sher-e-Bangla Medical College Hospital.Patient admissions in the medicine department...
OUR CORRESPONDENTS | 2024-10-15 00:00:00
Spiraling prices of the daily essentials including vegetables have brought the low and middle-income people to their knees in Rangpur, Lalmonirhat and Khulna districts during last couple of weeks, exacerbating fear of a further financial predicament. Our Rangpur correspondent reports:...
ZURICH, Oct 14 (AP): After a landmark court decision for the soccer transfer market, FIFA said Monday it will now invite "key stakeholders" worldwide for talks about updating rules put in question by former France international Lassana Diarra.The European Court...
BENGALURU, India, Oct 14 (AFP): New captain Tom Latham is promising a "no-fear" approach as he takes charge of New Zealand for the first Test against India in Bengaluru on Wednesday.Latham has the daunting task of turning around his side's...
MULTAN, Pakistan, Oct 14 (AFP): Returning England captain Ben Stokes said on Monday he hopes a reused pitch for the second Test against Pakistan in Multan will play into the tourists' hands rather than the spin-heavy hosts.Desperate to level the...
Defending champions Fortune Barishal signed Bangladesh captain Najmul Hossain Shanto for the upcoming edition of the Bangladesh Premier League (BPL), which is slated to begin on December 27. Leg-spinner Rishad Hossain, another Category A player, was a late picked by...
HONG KONG, Oct 14 (AFP): Shanghai stocks rose on Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other markets tracked another record day on Wall Street.While a...
LONDON, Oct 14 (Reuters): Stock markets held below last month's record highs on Monday, while the Chinese yuan and oil prices weakened as China's broad economic stimulus promises at the weekend failed to inspire investors across the globe.U.S. stock index...
LONDON, Oct 14 (Reuters): Prime Minister Keir Starmer will vow to scrap regulation that holds back growth and investment when he hosts some of the world's biggest businesses on Monday at a conference designed to boost Britain's appeal.Starmer won power...
Southeast Bank recently held its monthly 'Business Review Meeting' to evaluate its performance in the month of September, presided over by Nuruddin Md. Sadeque Hossain, the bank's managing director. The meeting brought together heads of branches, manager operations of branches,...
Eastern Bank Limited (EBL) joined GoGreen Plus, a carbon reduced shipping service initiative, launched by DHL. Ali Reza Iftekhar, managing director and CEO of EBL, and Md. Miarul Haque, managing director of DHL Express Bangladesh, signed an agreement at a...
FE REPORT | 2024-10-15 00:00:00
Despite securing a steep growth in operating profit, Sonali Paper & Board Mills experienced a 20 per cent decline in net profit year-on-year to Tk 124.79 million in FY24. The income shrank mainly because of the company's lower profit from...
FE REPORT | 2024-10-15 00:00:00
The DSE Brokers Association (DBA) has made a set of proposals, including amendments to the demutualisation act.After a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC), DBA President Saiful Islam said many provisions, including the appointment...
FARHAN FARDAUS | 2024-10-15 00:00:00
Bangladesh's capital market grew by one-fifth as much as its peer Vietnam's capital market between January 2014 and July 2024 mostly because of faulty market mechanisms and lack of product diversification. Bangladesh performs equally poorly when compared to other emerging...
Most media organisations optimistic aboutgenerative AI, says surveyURUMQI, Oct 14: The majority of media organizations around the world maintain an optimistic outlook on generative artificial intelligence (AI) despite the controversies and concerns it has sparked, according to a recent survey...
SEOUL, Oct 14 (AP): South Korea said Monday it has detected signs that North Korea is preparing to destroy the northern parts of inter-Korean roads no longer in use, as the rivals are embroiled in soaring tensions over North Korea's...
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