FE REPORT | 2024-12-12 00:00:00
Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi said on Wednesday that Bangladesh had earned its independence from Pindi (Rawalpindi, Pakistan) through sacrificing blood not to surrender it to Delhi (India)."We (Bangladesh) achieved our independence at the...
Customers can now pay savings and loan instalments of Southeast Bank PLC through Nagad, the mobile financial service provider of the Bangladesh Postal Department. This initiative was launched on Wednesday at an event held at the head office of Southeast...
OUR CORRESPONDENT | 2024-12-12 00:00:00
CHATTOGRAM, Dec 11: The 39th Annual General Meeting (AGM) of CVO Petrochemical Refinery PLC was held virtually on Wednesday.Chairman of the Company Shamsul Alam Shamim presided over the AGM. The AGM approved 10% dividend for the shareholders for 2023-2024. Among...
Jamuna Bank PLC inaugurated its 169th branch - 'Satmasjid Road Branch' - recently. Robin Razon Sakhawat, Chairman of Jamuna Bank, attended the event as the chief guest. Bank's Directors Kanutosh Majumder, Shaheen Mahmud, Redwan-ul Karim Ansari, Independent Director Md. Abdur...
Islami Bank Bangladesh PLC has joined the World Trade Expo Saudia Arabia 2024 being held from December 10 to 12 at the Jeddah International Exhibition & Convention Centre. Miah Md Mainul Kabir, Consul General of Bangladesh in Saudi Arabia, inaugurated...
SME Foundation and Visa signed a Memorandum of Understanding (MoU) to support cottage, micro, and small and medium-sized entrepreneurs (CMSMEs) in Bangladesh, reports BSS.The three-year partnership was announced at the SME Foundation's head office on Tuesday, said a press release.With...
FE REPORT | 2024-12-12 00:00:00
At least 25 garment factories in the industrial belt in Ashulia suspended operation on Wednesday as workers staged a work stoppage, rejecting the government's latest announcement of 9 per cent annual increment.On Monday, the labour and employment ministry made the...
The 10th Yarn, Fabrics and Accessories show, a focused sourcing event, began at the International Convention City Bashundhara (ICCB) in the city on Wednesday.Organised by ASK Trade and Exhibitions Pvt. Ltd, the event is featuring over 150 international suppliers showcasing...
MONIRA MUNNI | 2024-12-12 00:00:00
The dependency of the country's readymade garment (RMG) sector on buying houses has marked a significant decrease over the last decade mainly due to its enhanced capacity of product development, improved marketing strategy and direct communication with big brands and...
KARACHI, Dec 11 (AFP): The saga of next year's cricket Champions Trophy drags on, with sources saying on Wednesday that no agreement has been reached on a proposed "hybrid" format allowing India to play their matches outside host nation Pakistan.The...
Opener Tamim Iqbal's return to competitive cricket after seven months was not remarkable one as the southpaw could score just 11 runs for his side Chattogram in their opening game of the NCL T20 against Rangpur at Sylhet International Cricket...
SINGAPORE, Dec 11 (Reuters): Gold prices were flat on Wednesday as investors awaited a US inflation print that could influence the likelihood of a Federal Reserve's interest rate cut next week and offer clues on the central bank's 2025 outlook.Spot...
GENEVA, Dec 11 (Reuters): Global airlines body IATA forecast industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers, despite what its chief Willie Walsh said on Tuesday were "unacceptable" difficulties in securing new planes.Airlines around the...
Dhaka Regency Hotel & Resort has partnered with the Crown Cement PLC to offer exclusive benefits to its dealers, loyalty members and associates. This landmark collaboration was formalised through an MOU signed in a ceremony held on the Dhaka Regency...
Oil prices were up about 1% on Wednesday having pared gains after producers group OPEC cut its forecasts for demand growth in 2024 and 2025, reports Reuters.OPEC in its monthly reports has lowered its outlook five consecutive times.Brent crude futures...
MUMBAI, Dec 11 (Reuters): India's newly-appointed central bank governor Sanjay Malhotra said on Wednesday he will look to ensure stability and continuity in policymaking for the benefit of the economy."All businesses, all people they do need this (policy) stability rather...
Daraz Bangladesh, the country's leading e-commerce marketplace, is gearing up to launch the 12.12 Grand Year-End Sale. Redefining the essence of shopping, this year's 12.12 campaign aims to make the experience more fulfilling and delightful for every customer, says a...
The 107th meeting of the Board of Directors of Ansar-VDP Unnayan Bank was held recently. Chairman of the bank and Director General of Bangladesh Ansar and Village Defence Party Maj Gen Abdul Motaleb Sazzad Mahmud presided over the meeting. Managing...
The 829th board meeting of Janata Bank PLC was held on Tuesday, with its Chairman Mohammad Fazlur Rahman in the chair. The bank's Directors Ajit Kumar Pal, K. M. Samsul Alam, Badr-e-Munir Ferdous, and Abdul Majeed Sheikh, along with Managing...
Most stock markets in the Gulf region edged higher in early trade on Thursday as investors awaited US inflation data, due later in the day, and further economic news this week, reports Reuters.The US Federal Reserve will trim interest rates...
Bank Asia recently signed an agreement with Navana, the exclusive dealer of Toyota Vehicles in Bangladesh, to provide its credit card holders a 10 per cent discount on services from Navana Toyota Service Centers. Zishan Ahammad, head of cards of...
Prime Bank on Tuesday signed a memorandum of understanding with Universal College Bangladesh (UCB) to provide its students with internship and work placement opportunities. UCB paves the way for earning degrees from globally renowned institutions such as Monash University, University...
Mutual Trust Bank (MTB) Foundation recently partnered with Ispahani Islamia Eye Institute and Hospital to provide basic healthcare focusing primarily on eye care to the underprivileged in Patuakhali's Akharbari. Samia Chowdhury, chief executive officer, and Golam Rabbani, an associate from...
Md. Shafiqur Rahman has joined Hajj Finance Company Limited (HFCL) as its Managing Director recently, says a press statement. Previously, he was the Deputy Managing Director of Al Arafah Islami Bank PLC.After completing his masters in accounting and management from...
Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) laid emphasis on relaxing financial regulations to promote ease of doing business for establishing a favourable trade and investment ecosystem, reports BSS.The chamber made the observation at a meeting between the Board of...
FE REPORT | 2024-12-12 00:00:00
Paramount Textile's profit plunged 24 per cent year-on-year to Tk 191 million in the first quarter of FY25, due to the closure of its associate company and higher finance costs.Paramount Textile's associate company -- Paramount Btrac Energy, a 200 megawatt...
MOHAMMAD MUFAZZAL | 2024-12-12 00:00:00
The absence of a national strategy for long-term financing hinders the growth of the country's bond market, said the chief of Prime Bank Investment. Limits should be set for fund collection from different sources, cutting dependency on bank loans. That...
SEOUL, Dec 11 (Reuters/AP): South Korean police raided the office of President Yoon Suk Yeol, a presidential security official said on Wednesday, in a widening investigation into the embattled leader's failed attempt to impose martial law.Separately, Kim Yong-hyun, former defence...
BEIJING, Dec 11 (AFP): Former Russian president Dmitry Medvedev is visiting Beijing this week for talks with leaders of the key Moscow partner, China's foreign ministry said Wednesday."The visit to China by Mr. Medvedev... is an important high-level exchange between...
GAZA, Dec 11 (Reuters): Israeli strikes in the northern and central Gaza Strip on Wednesday killed at least 31 Palestinians, most of them in Beit Lahiya town in the north of the enclave, medics said.Health officials said an Israeli airstrike...
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