FE REPORT | 2024-09-23 00:00:00
The yields on three types of treasury bills (T-bills) fell further on Sunday as banks expressed willingness to invest their excess liquidity in the short-term securities.The cut-off yield, generally known as interest rate, on the 91-day T-bills came down to...
Six more people have died from dengue, while 926 additional patients - the highest number for a single day - have been hospitalised with the Aedes mosquito-borne disease across the country in the past 24 hours until Sunday morning.The Directorate...
COLOMBO, Sept 22 (Reuters): Sri Lanka elected Marxist-leaning Anura Kumara Dissanayake as its new president on Sunday, putting faith in the 55-year-old's pledge to fight corruption and bolster a fragile economic recovery following its worst financial crisis in decades.Dissanayake, who...
Chief of Army Staff General Waker-Uz-Zaman on Sunday paid a courtesy call on Chief Adviser of the Interim Government Professor Dr Muhammad Yunus at his office here."During the meeting, the Chief Adviser was apprised by the Army Chief of the...
Artificial ornaments are in great demand as gold prices have gone into the stratosphere these days. The snap shows customers browsing gaudy, cheap imitation of the real thing in the capital's Chawkbazar area on Sunday. — FE Photo by Asad-Uz-Zaman
FE REPORT | 2024-09-23 00:00:00
Bangladesh's commerce ministry has granted permission for hilsa export to India at a special request from the Indian government on occasion of the Durga Puja.Fisheries and livestock adviser Farida Akhter made this statement in response to questions from journalists during...
FE REPORT | 2024-09-23 00:00:00
The inflow of remittance continues rising as Bangladesh received $1.63 billion in the first 21 days of this month (September), which is $300 million higher than the whole September's count last year.The upward trend of wage earners remittance raised the...
FE REPORT | 2024-09-23 00:00:00
Garment workers in Ashulia and Gazipur industrial belts are out on strike again as they blocked highways on Sunday over a number of demands, including wage hike, sources said.The latest spell of commotion came with a week's let-up after their...
M AZIZUR RAHMAN | 2024-09-23 00:00:00
Nearly three dozen renewable-energy projects with around 3,287-megawatt generation capacity are now stalled at the final stage of inking power purchase agreements (PPAs) with a state power agency. Sources say with initial government consent before the August changeover, the private...
FE REPORT | 2024-09-23 00:00:00
The United Nations will support Bangladesh in wide areas, including police and election reforms, as the interim government rolls out major restructuring of the country's institutions, says UN resident coordinator.Chief Adviser Prof Muhammad Yunus Sunday sought necessary UN support for...
DOULOT AKTER MALA | 2024-09-23 00:00:00
Financial intelligence urges signing key agreements for recovering stashes of Bangladesh's stolen assets from various countries and the finance adviser affirms interim government bid for such deals.These formal arrangements are essential for creating robust legal frameworks to support this process,...
LONDON, Sept 22 (Reuters): Big global investors are on alert for wild market swings after a jumbo US rate cut sparked confusion over whether the world's dominant economy is set to boom or face recession, muddling prospects for stocks, bonds...
NEW YORK, Sept 22 (Reuters): A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits...
WASHINGTON, Sept 22 (Reuters): The US Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters.The Biden administration has raised...
MUMBAI, Sept 22 (Reuters): India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia, Ericsson and Samsung for supply of equipment over a period of three years, it said in a statement to exchanges."The...
Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle, reports Reuters.According to LSEG data, investors acquired a net $5.21 billion worth of equity funds...
JMI Group, one of the leading companies in the pharmaceutical and medical equipment manufacturing sector of the country, celebrated the 'World Peace Day-2024' on Saturday. Founder and Managing Director of JMI Group Md Abdur Razzaq inaugurated the peace rally by...
Md Shakawath Hossain, Chief Executive Officer of Unique Hotel & Resorts PLC, has been honoured with the Tourism Face of South Asia Award at the prestigious 8th Edition of the South Asian Travel Awards (SATA) 2024. The award ceremony took...
Employees of Eastern Insurance Company Limited donated their one-day salary and the company also contributed to the Chief Advisor's Relief and Welfare Fund for the flood-affected people. High officials of the company handed over a cheque to Faruk E Azam,...
Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC, inaugurated the 41st Sub-Branch of the bank named at Pahartali in Chattogram on Sunday. Deputy Managing Director Md. Rezaul Karim along with Mohammad Liton Pasa Khan, General Manager and...
The 30th Senior Management Team (SMT) meeting of Sonali Bank PLC was held at the bank's head office conference room on Sunday. SMT Chairman and CEO & Managing Director (Current Charge) of Sonali Bank Sanchia Binte Ali presided over the...
The 80th meeting of the board of directors of Modhumoti Bank was held on Sunday. Humayun Kabir, the chairman of the board of directors, was present at the meeting. Nemai Kumar Saha, Mostafa Kamal, Tanjima Binthe Mostafa, Humayun Kabir Bablu,...
Al-Arafah Islami Bank (AIB) opened its 225th branch at Bheramara, Kushtia on Sunday. Managing Director and CEO Farman R. Chowdhury inaugurated the new branch as the chief guest. Senior Executive Vice President Md Habib Ullah and Professor of Bheramara Adarsha...
Prime Bank recently signed an agreement with Nippon Signal Bangladesh at the bank's corporate office. Under the agreement, Prime Bank will extend exclusive benefits to employees of Nippon Signal Bangladesh. The employees will be able to avail preferential banking service...
Bangladesh Cargo Vessel Owners Association has unanimously elected Sayeed Ahmed as its president and Mehboob Kabir as general secretary, says a press release.Members of the Executive Committee elected them at a meeting of the organisation at its office at Kakrail...
The Institute of Chartered Secretaries of Bangladesh (ICSB) opened its Chattogram Branch and organised an orientation programme for the 1st Batch of Chartered Secretary (CS) Course in Chattogram on Saturday, says a press release.Md Delowar Hossain, Chairman of Chattogram Regional...
British-Irish Company Deltaport Limited will invest US$36 million to set up a garment manufacturing industry in the BEPZA Economic Zone (BEPZA EZ), reports BSS. In this connection, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company at...
FE REPORT | 2024-09-23 00:00:00
The CFA (Chartered Financial Analyst) Society Bangladesh demanded amendments to the IPO valuation method and promotion of institutional investments to improve the depth of the capital market.At a programme at the Economic Reporters' Forum (EFR) on Sunday, the association of...
NEW YORK, Sept 22 (Reuters): General Motors will lay off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice earlier this week.A GM spokesperson, confirming the layoffs initially reported...
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