FE REPORT | 2024-10-04 00:00:00
The Anti-Corruption Commission (ACC) has asked for information from 11 countries, including the USA, Canada, Australia, the UAE, Malaysia and Singapore, about the assets of Masud Biswas, former head of the Bangladesh Financial Intelligence Unit (BFIU).Additionally, a letter has been...
Malaysian Prime Minister Dato' Seri Anwar Ibrahim, who is scheduled to arrive in Dhaka this afternoon (Friday), will be given a guard of honour at the airport, report agencies.Chief Adviser Professor Muhammad Yunus will receive the Malaysian premier when he...
MONIRA MUNNI | 2024-10-04 00:00:00
Merchandise-export earnings in the first quarter of the current fiscal year recorded a modest 5.04-percent growth despite production disruption in the major garment-industrial belts for curfews amid student movement and labour unrest.Bangladesh's export earnings amounted to US$11.37 billion during the...
FE REPORT | 2024-10-04 00:00:00
Private bank owners of Bangladesh expected that they wouldn't receive any unlawful diktat from government high-ups henceforth as that can create new oligarchs like in the recent past."The creation of oligarchs like S Alam was patronised by the past government....
FE REPORT | 2024-10-04 00:00:00
Bangladesh adopts a three-year new export policy with the target of elevating annual earnings from exports to US$110 billion by 2027--around double the present receipt.The council of advisers of the interim government in a meeting Thursday approved the National Export...
Gold prices fell on Thursday as US economic data tempered expectations of an aggressive rate cut in November, while investors awaited the upcoming payrolls report for more clarity on the Federal Reserve's monetary policy easing plans, reports Reuters.Spot gold was...
Ethiopian Airlines, Africa's leading carrier, has announced a special buy-one-get-one-free (B1G1) ticket offer for flights from Dhaka to all of its global destinations, celebrating its entry into the Bangladesh market, reports BSS.The airline is set to commence five weekly flights...
MADRID, Oct 3 (Reuters): Olive oil exporters in Spain, the world's biggest producer, have warned there are no viable alternative routes to the lucrative US market amid a strike at US East and Gulf Coast ports.Spanish olive oil producers' and...
Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains, reports Reuters.Brent crude futures were up $1.52,...
A deep selloff pushed Indian shares to their worst session in two months on Thursday, as anxious investors worried about ripple effects on the domestic economy from the widening Middle East conflict, reports Reuters.The Nifty 50 index closed 2.12 per...
LITTLETON, Colorado, Oct 3 (Reuters): Beijing last month dispensed the most aggressive stimulus measures since the pandemic in a bid to revive the flagging Chinese economy, and traders and investors are now looking for signs if the medicine is working.A...
NEW YORK, Oct 3 (Reuters): The Managed Funds Association, an alternative asset management trade group, announced on Wednesday its new board of directors, as well as its chair Jody Gunderson, managing principal at $16 billion credit investment firm AB CarVal,...
SYDNEY, Oct 3 (Reuters): Chinese investment-grade companies are lining up $10 billion to $15 billion in offshore bond offerings this quarter, as Beijing's economic stimulus measures cut fundraising costs and whip up borrowers' appetites, financial advisers said.Those levels mean Chinese...
LONDON, Oct 3 (Reuters): Global stocks dipped as European and Asian share indexes broadly retreated on Thursday, while oil prices rose further as markets weighed the risk of a widening Middle East conflict.Euro zone stocks were last down 0.5 per...
OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world, reports Reuters.The funding has attracted returning...
NEW YORK, Oct 03 (Reuters): Amazon plans to hire 250,000 transportation and warehouse workers this holiday shopping season, the same number as last year as e-commerce spending is expected to outpace overall holiday sales in the final quarter of 2024,...
MUMBAI, Oct 03 (AFP): An Indian factory producing iPhone components was resuming work on Thursday after a fire that halted production-the third blaze to disrupt Apple's local supply chain since the start of last year.India has pitched itself as an...
NEW YORK, Oct 03 (Reuters): A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is...
DBH Finance PLC (DBH), the largest housing finance institution of the country, has recently opened its 16th branch at Khan Faiz Shotaiyu Bhabon, Sahid Nazrul Islam Sarak (Police Line Road) in Barishal city. Nasimul Baten, Managing Director and CEO of...
KUALA LUMPUR, Oct 03 (AFP): Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in...
Edison Group, the renowned Bangladeshi conglomerate, will unveil its latest helio 90 smartphone, to transform the mid-range smartphone market, says a press release. To be made available at an unbeatable price of just Tk 19,999, the helio 90 is packed...
South Korean Ambassador to Bangladesh Park Young-sik has said improvement of "business-friendly, predictable and stable environment" should be one of the top priorities among the interim government's tasks in order to attract more foreign investment, reports UNB.He said the Korean...
Prime Bank PLC, a leading financial institution, has recently signed a payroll agreement with Northern Corporation Ltd at the bank's corporate office. Under this agreement, employees of Northern Corporation will enjoy preferential banking service, including Credit Card and loan facilities...
BRAC Bank has opened its renovated Uttara Jashim Uddin Avenue Branch to provide the most modern, best-in-class customer service. Selim R. F. Hussain Managing Director & CEO of the bank, along with other officials formally inaugurated the branch at Liberty...
A group of retail investors stage a demonstration in front of the Bangladesh Securities and Exchange Commission (BSEC) office at Agargaon in the city on Thursday in protest of continuous fall of the stock market following some measures taken by...
Mutual Trust Bank PLC (MTB) has been honoured with the 'Best Performance in Profitability' Award for 2024 by the Indian Chamber of Commerce (ICC), says a statement. This recognition comes after a record-breaking year of operational success in 2023 and...
FE REPORT | 2024-10-04 00:00:00
The securities regulator has rejected Gemini Sea Food's rights offer application, which aimed to issue rights to increase its paid-up capital, pay off loans, and support business expansion.In February this year, the board of directors of the seafood exporter had...
FE REPORT | 2024-10-04 00:00:00
Mominul Islam has been elected as the chairman of the board of directors of Dhaka Stock Exchange (DSE) for the next three years.The board members unanimously elected him at the first meeting of the newly formed board on Thursday, says...
FE REPORT | 2024-10-04 00:00:00
The share price of The Ibn Sina Pharmaceutical Industry dropped 5 per cent on Thursday even as it came up with a 63 per cent cash dividend for FY24, the highest dividend since its listing on the stock exchanges. The...
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