FE REPORT | 2024-09-16 00:00:00
Asian Development Bank (ADB) South Asia Director-General Takeo Konishi on Sunday said there was room for policy-based lending to Bangladesh as the interim government stepped up efforts to stabilise the economy. He also said the ADB had a long history...
FE REPORT | 2024-09-16 00:00:00
A fresh World Bank loan of US$750 million for policy update may be forthcoming for Bangladesh in addition to a $250-million investment credit currently being processed, central bankers said Sunday after talks.A WB delegation proposed the policy-based loan, conditional upon...
FE REPORT | 2024-09-16 00:00:00
Labour situation in the Ashulia industrial zone improved as the workers of almost all the garment factories joined their respective workplaces on Sunday.The development emerged a day after a tripartite meeting that called upon the workers to join their respective...
RIYADH, Sept 15 (Arab News): Saudi Arabia's Capital Market Authority has unveiled its 2024-2026 strategic plan, emphasizing enhancing transparency, fostering financial technology and innovation, and diversifying financing options.The undertaking will build on past successes while aligning with Saudi Vision 2030,...
LONDON, Sept 15 (Reuters Breakingviews): The committee studying the financial state of British business did not pull its punches. After a lengthy investigation, the government-appointed panel of economists and experts concluded UK financial institutions were less supportive of domestic companies...
JAKARTA, Sept 15 (Reuters): Indonesia's President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise $65 billion by 2028, an adviser told Reuters.A new regulator for...
WASHINGTON, Sept 15 (Reuters): A powerful US national security panel reviewing Nippon Steel's $14.9 billion bid for US Steel faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter...
OTTAWA, Sept 15 (Reuters): Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.Macklem told the newspaper in an interview that rate-setters are concerned about...
WASHINGTON, Sept 15 (AFP): The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before...
Mobile phone operator Grameenphone in collaboration with local handset manufacturer Symphony has launched co-branded smart phone dubbed ATOM5, reports BSS. With made in Bangladesh tag, this Symphony ATOM5 offers premium features equipped with advanced technology accessible to all, said a...
A five-day training programme titled 'Development of Leadership Qualities of Branch Management' began at the Agrani Bank Training Institute (ABTI) on Sunday. The training course was inaugurated by CEO of Agrani Bank PLC Md. Murshedul Kabir as the chief guest....
The Annual General Meeting (AGM) of The Dhaka Mercantile Co-operative Bank Ltd (DMCB) for financial year 2023-2024 was held in Dhaka on Sunday. Chairman of the DMCB Group Captain Abu Zafar Chowdhury (Retd) presided over the AGM. Managing Director Shamsun...
A daylong workshop on 'Prevention of money laundering and financing of terrorism' was held at Janata Bank Staff College on Saturday with the participation of executives of Janata Bank PLC. Managing Director of the bank Md Abdul Jabbar was present...
The 881st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held recently at the Corporate Head Office of the bank. The meeting was presided over by Akkas Uddin Mollah, Chairman of the committee. The...
Sonali Bank PLC signed an agreement with Bangladesh Tourism Board to collect charges and fees from tour operators through Sonali Payment Gateway (SPG). The signing ceremony was held at bank's head office conference room on 15 Septemebr, Sunday. Sonali Bank...
The Premier Bank and LORDS school recently signed an agreement at the bank's head office at Iqbal center. Under the agreement, the English medium school in Dhaka is offering special discounts on monthly tuition fees and other financial benefits for...
BRAC Bank Reading Café recently hosted a stimulating discussion on acclaimed Bangladeshi mystery writer Mohammad Nazimuddin's novel 'Keu Keu Kotha Rakhey'. The author's presence enriched the session as members critically and analytically explored the novel's intricate layers. His insights, which...
Bangladesh Bank (BB) has received the 'Global Youth Financial Inclusion Award-2024 for playing a role in increasing the financial inclusion of the youth, reports UNB.The award was given to the central bank at a meeting of the Alliance for Financial...
FE REPORT | 2024-09-16 00:00:00
The securities regulator has asked the Dhaka bourse to probe into the recent unusual price movement of loss-making company Khan Brothers PP Woven Bag Industries.The share price of the company that experienced losses for the last four consecutive years jumped...
BABUL BARMAN | 2024-09-16 00:00:00
Mutual fund investors are in a tight corner as almost all close-ended mutual funds failed to declare any dividend for the unit holders for FY24 thanks to the depressed stock market.Fund managers blamed a number of adverse factors for their...
RIYADH, Sept 15 (Arab News): The combined assets of Oman's Islamic banks and windows reached around 7.8 billion Omani rials ($20.2 billion) by June, an 18.1 per cent increase from the same period in 2023.According to data from the central...
NEW DELHI, Sept 15 (Reuters): Adani Power and Adani Green Energy have won a combined bid to supply 6,600 MW of renewable and thermal power to Maharashtra state for 25 years, the companies said in a joint statement.Adani Green Energy's...
COLOMBO, Sept 15 (AFP): Sri Lanka's economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.The economy grew at 4.7 per cent year-on-year in the second quarter of this...
RIYADH, Sept 15 (Arab News): Saudi Arabia's annual inflation rate reached 1.6 per cent in August compared to the same month last year, driven by higher housing costs, official data showed. According to the General Authority for Statistics, actual housing...
CANONSBURG (United States), Sept 15 (AFP): Pennsylvanians working in the controversial fracking industry are confident that the sector will endure, whoever wins the White House in November's presidential election.With an eye firmly on winning over voters in the gas-rich battleground...
BEIJING, Sept 15 (Reuters/AP): Beijing firmly opposes US tariff hikes on Chinese imports, China's commerce ministry said in a statement on Saturday, urging the US to immediately correct its "wrongdoings" and lift all tariffs imposed on Chinese goods."China will take...
LONDON, Sep 15 (Reuters): Asian spot liquefied natural gas (LNG) prices fell last week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine's impact on US LNG facilities eased.The average LNG price for October delivery...
NEW DELHI, Sept 15 (Reuters): India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season...
AB Bank, under its CSR programme, has contributed Tk 20 million to the Chief Advisor's Relief and Welfare Fund to support the people suffering from devastating flood in the various parts of the country. The founder Chairman of the Bank,...
SBAC Bank PLC held a Town Hall Meeting of Dhaka Zone at the bank's Head Office on Saturday. Md Nurul Azim, Additional Managing Director of SBAC Bank PLC, presided over the meeting while Habibur Rahman, Managing Director & CEO of...
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