Atiqul Kabir Tuhin | 2024-08-29 00:00:00
Throughout Bangladesh, people are reveling in their newfound freedoms like someone who's been incarcerated in solitary confinement and seen no sunlight or inhaled fresh air for over a decade. They had all but forgotten the freedom of expression, peaceful assembly,...
A move by the Bangladesh Securities and Exchange Commission (BSEC) to sign a memorandum of understanding (MoU) with the infamous National Telecommunications Monitoring Centre (NTMC) was reportedly underway last month. The BSEC sought approval for this from the Financial Institutions...
Tareq Ahmed Robin | 2024-08-29 00:00:00
The banking sector in Bangladesh has been dealing with persistent challenges, one of which is the substantial rise of non-performing loans (NPLs). NPLs have risen to worrying levels over time, disrupting the financial sector and contributing to broader economic instability....
Syed Badrul Ahsan | 2024-08-29 00:00:00
It was an eccentric candidacy all along. There was not any meat in it, no policies on offer. Robert F. Kennedy Jr based his drive for the White House on two factors, neither of which helped him in the end....
San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if there is anything that could derail a rate cut...
Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China's subsidies that give its industry an unfair advantage, reports AP.The announcement came after encouragement...
Incepta Pharmaceuticals Ltd., a leading pharmaceutical company in Bangladesh, has extended its support to the Bangladesh Air Force by providing essential medicines and financial donations for flood-affected people across the country. This initiative aims to ensure that aid reaches those...
The 24th Annual General Meeting of Islami Commercial Insurance Co. Ltd. was held recently at the Engineers Institution in Dhaka. Chairperson of the Board of Directors of the company Shahida Anowar presided over the meeting. Directors Mohammad Yahya, Ashik Hossain,...
Agrani Bank Training Institute (ABTI) organised a workshop on 'Working Capital Assessment and Loan Processing'. The three-day workshop was inaugurated and a session was conducted by CEO of Agrani Bank PLC Md. Murshedul Kabir on Tuesday. The workshop was chaired...
Managing Director of Janata Bank PLC Md Abdul Jabbar has recently inaugurated a 30-day Foundation Course for Officers (Batch 8/24), organised by Janata Bank Staff College Dhaka. Some 50 officers of the bank participated in the course.
A view-exchange meeting on various issues of capital market was held between Bangladesh Securities and Exchange Commission (BSEC) and Investment Corporation of Bangladesh (ICB) at the BSEC Bhaban in Dhaka on Tuesday. Khondoker Rashed Maqsood, Chairman of BSEC, Dr. ATM...
Managing Director (MD) of Walton Hi-Tech Industries PLC SM Mahbubul Alam has given special instructions and directives to the distributors, Plaza and sales representatives to extend all-out cooperation to the helpless flood victims.According to his instructions, Walton distributors, plaza representatives...
The popular retail chain 'Daily Shopping' has launched a campaign to stand by flood-affected people. As part of the initiative, the retail chain shop will donate a portion from each transaction to provide relief to the affected people, says a...
The country has recently witnessed devastating floods, which has left countless people homeless. Those impacted not only require rescue assistance but are now facing extreme shortages of food, water and medical services. In this crisis, the members of the Asiatic...
BRAC Bank has entered into a strategic partnership with Syngenta to offer agricultural financing solutions to marginal farmers across Bangladesh.Syed Abdul Momen, Deputy Managing Director and Head of SME Banking of BRAC Bank, and Mohammad Hedayet Ullah, Managing Director of...
Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek cheaper exposure to the market and better returns, reports Reuters.Their selling has been driven by profit booking as...
Shahjalal Islami Bank recently organised a daylong workshop on Foreign Direct Investment (FDI) reporting at its' corporate head office for its' FDI enterprise clients and officials of the bank. The Executive Director of the Bangladesh Bank Training Academy Md. Hanif...
MOHAMMAD MUFAZZAL | 2024-08-28 00:00:00
Confusion over the selection of independent directors has been removed as the securities regulator finally found a legal solution.Talking to the FE, officials of the Bangladesh Securities and Exchange Commission (BSEC) said the exchanges' Board and Administration Regulations, 2013 allows...
Southeast Bank (SEB) signed a Memorandum of Understanding (MOU) with "Pragati Life Insurance Limited" at the bank's head office in Dhaka for providing Payroll Banking Service, Collection Service, Payment Service, and other banking services. The bank's Managing Director Nuruddin Md....
United Commercial Bank during a meeting on Tuesday unanimously elected Dr. Aparup Chowdhury as the board's chairman.Moreover, Bashir Ahmed was elected as executive committee chairman of UCB.Mr Chowdhury was a former secretary to the Government of Bangladesh working for 37...
FE REPORT | 2024-08-28 00:00:00
Stocks ended in the red on Tuesday after rising for two consecutive days, as investors' enthusiasm was deflated by the latest policy rate hike. The policy rate's rise by a further 50 basis points amid a tightened monetary space heightened...
Gold prices fell on Tuesday, weighed down by higher US bond yields, as markets await inflation data that could shed light on the scale of an expected interest rate cut from the Federal Reserve next month, reports Reuters.Spot gold fell...
Islami Bank Bangladesh PLC will donate Tk 100 million to the relief and welfare fund of the Chief Advisor of the interim government to help flood-affected people in different districts of the country. The decision was taken at a meeting...
In response to devastating floods in some parts of the country, various banks and their employees came forward to help the flood-affected people and made donations to mitigate their sufferings. Dutch-Bangla Bank Dutch-Bangla Bank has donated Tk 100 million to...
IPDC Finance has unveiled a new logo for 'Joyee,' the business loan service platform of IPDC designed specifically for women entrepreneurs. The new logo is a symbol of confidence, creativity, and determination of the women entrepreneurs of the country, says...
Dhaka Chamber of Commerce and Industry (DCCI) has called upon the authorities to take measures to increase credit flow to the Cottage, Micro, Small and Medium Enterprises (CMSMEs), reports BSS.A delegation of DCCI Board of Directors led by its President...
NAZIMUDDIN SHYAMOL | 2024-08-28 00:00:00
CHATTOGRAM, Aug 26: The construction of a second unit of Eastern Refinery Limited (ERL) is expected to undergo another review, with a view to rejecting S Alam Group's proposal to partner with ERL on this project. As the ERL authority...
A Dhaka court has placed Workers Party President and former lawmaker as well as minister, Rashed Khan Menon, on a six-day remand in a garment worker murder case filed with Adabor thana, reports UNB.Dhaka Metropolitan Magistrate Saifur Rahman passed the...
The Ameer of Jamaat-e-Islami, Shafiqur Rahman, has said the interim government should be given appropriate time to create a level-playing field before it holds the next general election, reports UNB."They (interim government) should get reasonable time to repair state institutions...
Attorney General (AG) Advocate Md Asaduzzaman has requested the High Court (HC) to dismiss a petition seeking the ban of the Awami League (AL) as a political party. The petition, filed by the human rights organisation Sarada Society, was presented...
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