YASIR WARDAD | 2024-10-07 00:00:00
The severe flooding that devastated the country's eastern region in August has caused losses and damages worth at least Tk 144.1 billion (US$1.23b), according to a latest study.The flood, mainly caused by the sudden release of river dam water by...
WASHINGTON, Oct 6 (AFP): Thousands marched in US cities from Washington to Los Angeles on Saturday, demanding an immediate ceasefire as the war in Gaza nears the one-year mark, with a man attempting to self-immolate in protest.The marches were part...
SAIF UDDIN | 2024-10-07 00:00:00
Funding in local startup companies has shrunk in recent times for factors like poor international affiliation of many founders, failure to follow global-standard operations and limited country branding, according to insiders.The unavailability of a dedicated policy as well as local...
FE REPORT | 2024-10-07 00:00:00
The British delegation assured the Anti-Corruption Commission (ACC) of their full support in repatriating any illicitly transferred funds from the UK back to Bangladesh.The assurance was given during a meeting between the ACC and a four-member delegation from the British...
FE REPORT | 2024-10-07 00:00:00
Now non-bank financial institutions (NBFIs) are also freed from the fetters in interest fixing, five months after disbanding the SMART-centric interest-fixing mechanism on the money market, giving all the lenders a freeplay. The Department of Financial Institutions and Markets (DFIM)...
DOULOT AKTER MALA | 2024-10-07 00:00:00
Six financially distressed banks pose a significant challenge for the revenue authority in achieving its corporate tax-collection target for the current fiscal year as their submissions so far plummeted into a pit.Tax officials have reported a precipitous 73.48-per cent fall...
FE REPORT | 2024-10-07 00:00:00
Leather-sector leaders Sunday urged the government to make the central effluent-treatment plant (CETP) functional to facilitate their business that holds huge export potential.Leaders of Bangladesh Finished Leather, Leathergoods and Footwear Exporters' Association (BFLLFEA) made the request at a meeting with...
FRANKFURT, Oct 06 (AFP): The German government has slashed its forecast and now expects Europe's largest economy to shrink for a second year running as hopes for a consumption-driven recovery fizzle out, media reported Sunday.The economy ministry sees the German...
FRANKFURT, Oct 6 (Reuters): The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe."Instead of punitive tariffs this should be about mutually giving...
RIO DE JANEIRO, Oct 5 (AFP): A Brazilian labour court said Friday it had ordered German automaker Mercedes-Benz to pay the equivalent of $7.3 million in damages for discrimination and harassment suffered by workers at a factory in Sao Paulo...
COLOMBO, Oct 5 (AFP): Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday.Former leader Ranil Wickremesinghe announced a deal with international sovereign bondholders...
Aloha Bangladesh recently inaugurated a new course 'Aloha Geometry Land' and awarded certificates to the winning students participating in the Aloha International Competition in Dhaka.
Uttara Bank PLC held 'Business Development Conference-2024' at a hotel in Dhaka on Saturday. Azharul Islam, Chairman of the Board of Directors of the bank, was present as the chief guest. The conference was presided over by Managing Director &...
The Year-to-Date Business Review Meeting 2024 of NRB Bank PLC was held at the Corporate Head Office in Dhaka on Saturday with the slogan 'Horizon of unlimited possibilities'. Mohammed Mahtabur Rahman, Chairman of the bank, was present as the chief...
Shahjalal Islami Bank PLC organised a 36-day Foundation Training Course for newly recruited 32 Probationary Officers at the bank's Training Academy. Managing Director of the bank Mosleh Uddin Ahmed inaugurated the Foundation Training Course as the chief guest on Sunday....
Trust Bank has signed an agreement with Astha Life Insurance Company Limited to commence the sale of insurance policies through Bancassurance. This agreement will enable Trust Bank customers to buy insurance products of Astha Life directly from the bank. Ahsan...
Agricultural Marketing Company Ltd. (AMCL-PRAN), a listed company on the stock exchange, won the Institute of Chartered Secretaries of Bangladesh (ICSB) award for its outstanding corporate governance practices as well as transparency and accountability in overall management. ICSB presented the...
ADN Telecom Limited has been honoured with the prestigious 'Silver Award' at the 11th ICSB National Award for Corporate Governance Excellence, 2023. The award is a distinctive recognition of ADN Telecom's unflinching commitment to upholding the principles of corporate governance...
LafargeHolcim Bangladesh PLC has been honoured with the prestigious 'Gold' Award, the top recognition under the Manufacturing Sector category, at the 11th Institute of Chartered Secretaries of Bangladesh (ICSB) National Award ceremony held at a city hotel on Saturday. The...
A managers' conference of Dhaka North and Dhaka South zones and branches under head office of First Security Islami Bank was held on 03 October 2024, Thursday, at FSIB Training Institute, Dhaka. Mohammad Abdul Mannan, chairman, board of the directors...
The 127th meeting of the executive committee of Modhumoti Bank was held on Sunday, 06 October 2024, at the bank's head office. The meeting was presided over by EC Chairman Salahuddin Alamgir. Among others, Mostafa Kamal, Mohammad Ismail Hossain, Nemai...
UCB Investment Limited (UCBIL), a subsidiary of United Commercial Bank (UCB), recently celebrated its fourth anniversary, reflecting on a journey marked by success and recognition. The celebration coincided with the company's latest accolade: "Best Securities House" in Bangladesh for 2024,...
Mutual Trust Bank (MTB) recently presented an ambulance to the Centre for the Rehabilitation of the Paralysed (CRP) as part of its Corporate Social Responsibility efforts. Md Bakhteyer Hossain, deputy managing director, and chief operating officer of MTB, handed over...
Tourism stakeholders on Sunday called for a comprehensive crisis management plan to revive the country's tourism and hospitality sector, which has been impacted by recent student-people-led uprising, reports BSS.Speaking at a seminar, industry experts recommended a series of measures, including...
Nagad, a popular mobile financial service provider under the Bangladesh Postal Department, is offering a cash bonus to customers receiving remittances sent home by Bangladeshi expatriates living abroad.To become eligible for a cash bonus of Tk 100, excluding the 2.5...
FE REPORT | 2024-10-07 00:00:00
Labour leaders on Sunday called for full implementation of the 18-point demands outlined in a tripartite agreement between the government, factory owners, and labour representatives to restore normalcy in major industrial belts.They also demanded justice for the death of a...
bKash, the country's largest mobile financial services (MFS) provider, has won three awards in two categories in the second edition (2024) of the Bangladesh Retail Awards, says a statements. Organised by the Bangladesh Retail Forum and the Bangladesh Brand Forum,...
FE REPORT | 2024-10-07 00:00:00
Poor performance of the stock of Islami Bank Bangladesh coupled with the erosion of other blue chip stocks caused a sharp fall of the broad index of the Dhaka Stock Exchange (DSE) on Sunday.Islami Bank's decline on the bourse itself...
FE REPORT | 2024-10-07 00:00:00
Bangladesh Submarine Cables showed a 23 per cent year-on-year reduction in revenue and more than 34 per cent profit erosion in FY24, compared to the previous year. According to the financial statement of the state-owned voice and data bandwidth service...
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