FE REPORT | 2024-10-01 00:00:00
After spot checks of the country's current situations, the International Monetary Fund (IMF) says it will assist Bangladesh in conducting necessary reforms and policy adjustments to navigate emerging headwinds on the economic front."We support the authorities' efforts to initiate policy...
FE REPORT | 2024-10-01 00:00:00
Endemic labour unrest in Bangladesh's main export industry erupted into massive clashes between the garment workers and law-enforcers in Ashulia on Monday, leaving one worker shot dead and several injured.Kawsar Hossain Khan, a 27-year-old factory worker at Mango Tex Limited...
FE REPORT | 2024-10-01 00:00:00
The work of the reform commissions that was scheduled to begin from yesterday (Monday) has been deferred, as the interim government has decided to hold another round of dialogue with the political parties before that, press secretary to the chief...
Global money market funds experienced their highest weekly inflows in nearly six months, with investors cautious about the health of the US economy and concerned that further rate cuts this year could signal deeper economic troubles, reports Reuters.Investors bought safer...
A five-day-long orientation programme has been arranged for the newly recruited 148 junior officers of Pubali Bank. The course is designed to train the participants in the concepts, principles, rules, regulations, laws and practices of the bank. Managing Director &...
BRAC Bank achieved the milestone of opening 50 sub-branches. The latest sub-branch at Oxygen Moor in Chattogram went into operation as the 50th branch on September 26. Sheikh Mohammad Ashfaque, the deputy managing director & head of branch distribution network,...
Mutual Trust Bank (MTB) held its first branch banking conference on September 13-14 at BRAC CDM, Savar in Dhaka. The event brought the MTB's leadership and key stakeholders together to come to an agreement on strategies and focus on future...
FE REPORT | 2024-10-01 00:00:00
Doreen Power Generations and Systems has announced that it will sell another power plant in Feni a month after it sold its Tangail plant upon the expiry of its 15-year power purchase contract with the government. The board of the...
Mohammad Mamdudur Rashid has recently been appointed as the managing director and CEO of United Commercial Bank, according to a press release. He brings three decades of experience in the financial services sector. Most recently, he served as the managing...
Sheikh Mohammad Maroof, a veteran banker with almost three decades of versatile experience in the banking industry, joined Dhaka Bank as the managing director. He served at The City Bank as the additional managing director and chief business officer before...
Engineer Md. Moklesur Rahman, one of the sponsor directors of SBAC Bank, was elected as the chairman of the board of directors of the bank on Monday, according to a press release. The board unanimously selected him for the post...
FE REPORT | 2024-10-01 00:00:00
The government has formed a high-powered panel to ensure the management of the Capital Market Stabilization Fund (CMSF), sources said.It has given 10 days to the panel to prepare and submit a report with a set of recommendations.The Financial Institutions...
FE REPORT | 2024-10-01 00:00:00
Beacon Pharmaceuticals will pay a 20 per cent cash dividend for the year ended in June this year, the highest since its listing on the stock exchanges in 2010.The drug maker's profit grew 2.3 per cent year-on-year to Tk 522...
FE REPORT | 2024-10-01 00:00:00
It is not the job of the securities regulator to take measures to influence the index of the secondary market, said the chief of the market watchdog.Khondoker Rashed Maqsood, chairman of the Bangladesh Securities and Exchange Commission (BSEC) said this...
PARIS, Sept 30 (Reuters): France midfielder Antoine Griezmann announced the end of his international career on Monday after being coach Didier Deschamps's most important player for a decade, during which he won a World Cup title.The 33-year-old, who struggled at...
BEIJING, Sept 30 (AP): Third-ranked Carlos Alcaraz advanced to the China Open semifinals for the second straight year after an impressive 7-5, 6-2 victory against Karen Khachanov on Monday.The 21-year-old Spaniard was characteristically relentless from the baseline and ground down...
KARACHI, Sept 30 (AFP): Pakistan captain Shan Masood on Monday backed Babar Azam to find his batting touch as his side look to end their win drought in the three-match Test series against England starting next week.Pakistan have gone winless...
South Africa have brought back Senuran Muthusamy to the Test fold for the upcoming two-match tour of Bangladesh in October, reports Cricbuzz. The all-rounder, who bowls left-arm orthodox., is part of a spin troika that includes Keshav Maharaj and Dane...
KANPUR, India, Sept 30 (Agencies): Records tumbled as India launched a batting blitz to overtake Bangladesh's first innings total of 233 in 28 overs, injecting fresh life into the rain-marred second Test in Kanpur on Monday.On a frenetic day four,...
FRANKFURT, Germany, Sept 30 (AFP): German inflation slowed in September to its lowest level since early 2021, official data showed Monday, sliding further below the European Central Bank's two-per cent target rate.The annual inflation rate in Europe's biggest economy declined...
JEDDAH, Sept 30 (Arab News): Egypt's central bank has issued treasury bills worth 50 billion Egyptian pounds ($1.06 billion) as the country seeks to manage liquidity and support government financing amid rising inflation. One tranche offers 30 billion pounds in...
The 13th Annual General Meeting (AGM) of Agrani SME Financing Company Limited, a wholly-owned non-banking financial institution of Agrani Bank PLC, was held at the bank's head office in the city on Sunday. Chairman of the company and Chief Executive...
LONDON, Sept 30 (Reuters): European carmaker Stellantis joined on Monday bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.The automakers are struggling with...
FE REPORT | 2024-10-01 00:00:00
The Dhaka North City Corporation (DNCC) has extended the deadline for renewal of trade licence fee without surcharge until November 30 in a bid to facilitate the process for the traders.The city authority has also extended the 10 per cent...
FE REPORT | 2024-10-01 00:00:00
Boishamma Birodhi Sanskar Parishad or Anti-Discrimination Reform Council on Monday called for significant reforms in the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to address what it describes as long-standing inefficiencies, political influence, and neglect of small and...
Shanta Equity, a leading player in the capital market, has earned recognition as 'Best for Equities in Bangladesh' at the prestigious Euromoney Securities Houses Awards 2024. This accolade underscores Shanta Equity's significant impact in advancing the country's capital markets and...
The 398th Board meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Monday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Directors Kazi Akram Uddin Ahmed, Kamal Mostafa Chowdhury,...
FE REPORT | 2024-10-01 00:00:00
The government has decided to raise the Probashi Kalyan Bank's authorised and paid-up capital to Tk 20 billion and Tk 13 billion respectively, aiming to bolster its financial base and enhance the loan disbursement capacity.The volume of the authorised capital...
Like previous years, bKash has brought attractive discount and cashback offers for online and offline shopping to make Durga Puja shopping easier, affordable and exciting for customers, says a statement. These offers can be enjoyed on bKash payment at online...
FE REPORT | 2024-10-01 00:00:00
A delegation of the Foreign Investors' Chamber of Commerce and Industry (FICCI) on Sunday met finance and commerce adviser Dr Salehuddin Ahmed and underscored necessary reforms in the financial sector.FICCI president Zaved Akhtar led the delegation at the meeting hosted...
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