Global equity funds attracted inflows for an 11th successive week through December 11, supported by signs that a cooling US labour market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month, reports...
BRAC Bank's Branch Network has achieved a milestone by recording a net deposit growth of Tk 120 billion in the 12 months of 2024, despite deposit crisis in the banking industry. The bank organised a ceremony to celebrate this achievement...
FE REPORT | 2024-12-14 00:00:00
Miracle Industries, a company with a troubled financial track record, has seen its stock price surge on the Dhaka Stock Exchange (DSE) over the past month, despite a lack of fundamental reasons for the spike.As its factory has been suspended...
BABUL BARMAN | 2024-12-14 00:00:00
The benchmark equity index dropped sharply this week as jittery investors continued to offload their holdings amid concerns over the prevailing macroeconomic situation.Market analysts said the lack of investor confidence, coupled with heightened uncertainty, led many to refrain from making...
BUENOS AIRES, Dec 13 (AFP): Anglo-Australian mining giant Rio Tinto on Thursday announced an investment of $2.5 billion to ramp up its Argentine production of lithium carbonate, a key ingredient in electric car batteries."Rio Tinto has approved $2.5 billion to...
TOKYO, Dec 13 (Reuters): Japan's core consumer price inflation probably accelerated in November, driven by persistently high rice prices and the phasing out of utility subsidies, a Reuters poll showed on Friday.The core consumer price index (CPI), which includes oil...
COLOMBO, Dec 13 (AFP): Indian conglomerate Adani Group's port project in Sri Lanka will go ahead despite US charges against its founder and sudden changes to its financing, the island nation said Friday.A bombshell indictment in New York last month...
LONDON, Dec 13 (AFP): Britain's economy shrank for the second consecutive month in October, official data showed Friday, dealing a blow to the Labour government that has made economic growth a priority.Gross domestic product fell 0.1 per cent in October...
NAZIMUDDIN SHYAMOL | 2024-12-14 00:00:00
CHATTOGRAM, Dec 13: The Bangladesh Shipping Corporation (BSC) has decided to scrap the MT Banglar Shourabh and MT Banglar Jyoti following a fire accident. This marks the end of an era for the two old ships of BSC, with the...
FRANKFURT, Germany, Dec 13 (AFP): The European Central Bank cut interest rates again Thursday and hinted at more to come, with President Christine Lagarde saying the beleaguered eurozone economy was "losing momentum" as EU and US politics fuelled uncertainty.The central...
SYFUL ISLAM | 2024-12-14 00:00:00
The government has once again deferred the use of taka as the headline currency in fixing airfares in Bangladesh until July 2025 from this January deadline, according to officials.In this case, the Ministry of Civil Aviation and Tourism has cited...
Every winter, thousands of guest birds come to the wetlands and haors of Bangladesh. These birds travel from faraway lands like Siberia, Mongolia, China, and Tibet. Their arrival makes our environment more beautiful and helps nature stay balanced. They also...
The rising tide of inflation is reshaping how consumers and businesses approach everyday spending. With prices of essential goods and services climbing steadily, many households are forced to prioritise necessities over discretionary purchases. This has led to a noticeable shift...
Cloud kitchens, also known as ghost kitchens, are rapidly changing the food industry in Bangladesh. These kitchens operate without physical restaurants, focusing entirely on food delivery through online food delivery platforms. This model allows businesses to save on costs related...
Tanim Asjad | 2024-12-14 00:00:00
Some dates on the calendar are both painful and inspiring. It is painful due to the unwanted and undesirable incident that took place on a particular date. Again, it also reminds the great sacrifice of some lives that inspires the...
Sarker Nazrul Islam | 2024-12-14 00:00:00
At this critical juncture of time there is a need for rock-solid unity of the people. The regime deposed during the July-August mass uprising pursued and promoted divisive politics with the ulterior motive of creating disunity among the masses so...
During its meeting with Bangladesh Power Development Board (BPDB), the visiting IMF delegation is learnt to have suggested it to raise power tariff and cut power subsidy. Notably, since Bangladesh reached a US$4.7 billion loan deal with the IMF in...
FHM HUMAYAN KABIR | 2024-12-13 12:00:00
A deep cut in the current national development budget by Tk 500 billion is likely under a belt-tightening stance taken by the post-uprising government to make two ends meet. Officials said Thursday a substantial sum of funds of the Annual...
The bond market in Bangladesh, despite its immense potential, remains largely unexplored. Several factors including weak corporate governance, lack of awareness and data transparency, investor-unfriendly tax structures, and inadequate enforcement of regulations contribute to the underutilisation. The absence of a...
Asian Development Bank (ADB) signed an agreement on Thursday with the government to lend US$100 million to Bangladesh Infrastructure Finance Fund Limited (BIFFL) as additional financing, an official statement said in Dhaka, reports BSS. The Economic Relations Division (ERD) statement...
A report from Bangladesh Bank has revealed that the financial stability of 18 banks is at risk due to potential loan defaults by their top three borrowers, reports UNB. The inability of these borrowers to repay their loans could trigger...
The Council of Advisers has granted its preliminary approval for the draft of the Cybersecurity Ordinance, 2024, reports UNB.The ordinance, which aims to strengthen the nation's cybersecurity framework, is a significant step towards enhancing digital security and protecting citizens from...
The 35th Annual General Meeting of Bangladesh Petroleum Exploration & Production Company Ltd. (BAPEX) was held in the city on Thursday. The shareholders and members of Board of Directors of the company participated in the meeting presided over by Istiaque...
Five more people died of dengue while 344 new patients hospitalised with the Aedes mosquito-borne disease across Bangladesh over the past 24 hours till Thursday morning.The number of patients hospitalised with the disease this year has risen to 97,947. The...
FE REPORT | 2024-12-13 00:00:00
Director-General of the Rapid Action Battalion (RAB) AKM Shahidur Rahman on Thursday apologised for different incidents of torture and murder committed by members of the elite crime-busting force.He made the apology during a view-exchange meeting with journalists at RAB's media...
FE REPORT | 2024-12-13 00:00:00
Bangladesh Nationalist Party (BNP) Secretary-General Mirza Fakhrul Islam Alamgir on Thursday said that political parties have been lending their supports to the interim government headed by Dr Muhammad Yunus."We believe that they will pay their attention to the general election...
Dhaka was enveloped in a thick blanket of fog on Thursday morning, signaling the arrival of winter with reduced visibility and a dip in temperature, report agencies.The winter chill is expected to intensify this week, as a cold wave is...
FE REPORT | 2024-12-13 00:00:00
Over two dozen of garment factories in the export-oriented industrial belt located in Ashulia suffered production disruption Thursday for fresh demonstrations demanding higher wages and annual increment.At least 29 apparel factories in the belt suspended operation as workers struck work...
FE REPORT | 2024-12-13 00:00:00
The Bangladesh Trade and Tariff Commission (BTTC) has proposed imposing a 25- percent duty on rice-bran oil exports in response to a significant rise in shipments amid the volatile domestic edible-oil market. Over the past one and a half years,...
FE REPORT | 2024-12-13 00:00:00
Bangladesh's international trade ecosystem continues to face bottlenecks that hinder its efficiency and reliability, according to a 2024 study.Banks involved in trade facilitation have identified multiple operational challenges, notably the heavy dependence on physical documents (reported by 70 per cent...
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