FE REPORT | 2024-09-20 00:00:00
A timeline now shows that the six reform commissions will submit their reports by December 31 to pave the way for stakeholder consultations to finalise reforms of the state institutions in the run-up to next elections. The commissions will get...
FE REPORT | 2024-09-20 00:00:00
The Council of Advisers approved Thursday an ordinance that accords legal validity to the formation of the present interim government in Bangladesh and defines their authority and facilities.An official release said 'The Interim Government Ordinance 2024' was endorsed at a...
MUMBAI, Sept 19 (Reuters): India's largest private lender HDFC Bank hopes to complete a planned sale of loans worth more than 90 billion rupees ($1.08 billion) - its largest to date - by the end of September, three sources aware...
Major stock markets in the Gulf rose in early Thursday trade after most central banks in the region cut their key interest rates following a larger than usual policy easing by the U.S. Federal Reserve, reports Reuters.The Fed cut its...
NEW YORK, Sept 19 (Reuters): One of the most consequential Federal Reserve meetings in recent history has put investors' focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the...
The Federal Reserve's decision to cut interest rates by half a percentage point on Wednesday marked the closest the central bank has come in launching an easing cycle on the cusp of a U.S. presidential election in nearly half a...
BEIJING, Sept 19 (Reuters): Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent...
LONDON, Sept 19 (Reuters): A wave of risk appetite swept global financial markets higher from stocks and the dollar to gold and oil on Thursday, after the U.S. Federal Reserve kicked off its long-awaited interest rate cutting cycle with a...
Mercantile Bank started the operations of a new branch at Sonaimuri, Noakhali on Thursday under the control of its Chowmuhoni branch to provide convenient banking services to customers. Sponsor director and Chairman of Mercantile Bank Exchange House (UK) M. Amanullah...
A special meeting was held between the newly constituted board of directors of IFIC Bank and the bank's senior management team. The bank's Chairman Md. Mehmood Husain presided over the meeting on Saturday at the IFIC Tower in Dhaka. Md....
City Bank recently launched Visa Infinite credit card. The card comes with an air ticket voucher worth Tk 10,000, up to Tk 12,000 cash back per year, and specific buy-one-get-one-free buffet offers among other financial and service-related benefits. Mashrur Arefin,...
A competition on ‘Best Meat Recipe', sponsored by Radhuni and organised by Women Culinary Association of Bangladesh (WCAB), concluded at Uttara Ladies Club on Wednesday. Three competitors -- Nakiba Suhrat, Sadia Sharmin Hridi and Maksuda Begum -- secured top three...
A meeting of the Board of Directors of Islami Bank Bangladesh PLC was held at Islami Bank Tower in Dhaka on Thursday. Md Obayed Ullah Al Masud, chairman of the bank, presided over the meeting. Md Abdul Jalil, Chairman, Executive...
The Executive Committee (EC) of Social Islami Bank held a meeting at the bank's head office in Dhaka on Thursday. Maksuda Begum, Chairman of EC, presided over the meeting. Dr. M. Sadiqul Islam, Chairman of the bank, Mohammad Forkanullah, Managing...
LankaBangla Finance PLC on Wednesday announced its collaboration with Mastercard and PriyoShop, an on-demand B2B marketplace, to introduce a co-branded Titanium credit card for CMSMEs. The new card will reduce merchants' reliance on cash, provide them additional benefits, and help...
BRAC Bank, PROVATi3-LGED, and bKash Limited have entered into a tripartite agreement to facilitate the digital disbursement of stipends to train youth in the Teesta-Brahmaputra basin, says a statement.Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate &...
In a move aimed at addressing discrepancies in export data, the government is introducing three new Customs Procedure Codes (CPCs) to enhance the accuracy of export reporting and eliminate multiple entries of the same items, reports UNB.The new codes will...
FE REPORT | 2024-09-20 00:00:00
Bangladesh Securities and Exchange Commission (BSEC) has declared two new individuals for the post of independent director of the premier bourse DSE on Thursday replacing the candidates who had been selected a day before.This is the third time the country's...
FE REPORT | 2024-09-20 00:00:00
Khan Brothers PP Woven Bag Industries finally decided to sell ownership to BSB-Cambrian Education Group, having failed to return to profit due to a severe working capital shortage.However, the fact that the decision comes days after the securities regulator ordered...
FE REPORT | 2024-09-20 00:00:00
The process to participate in the auctions of Treasury bonds has been made more complicated, according to brokers, by the new securities commission for retail investors.The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday issued a directive bringing some changes...
NEW DELHI, Sept 19 (Reuters): India will purchase more second-hand vessels to add to the country's container shipping capacity, two senior shipping officials said on Thursday after talks with multiple ministries to cut transportation costs and increase exports.Discussions were held...
WELLINGTON, Sept 19 (AFP): New Zealand's economy shrank in the second quarter, according to official data Thursday, pushing the country close to recession.The 0.2 per cent on-quarter contraction in April-June, revealed by StatsNZ, followed anaemic growth of 0.1 per cent...
NEW YORK, Sept 19 (Reuters): New car sales in the European Union fell 18.3 per cent in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle...
FRANKFURT, Sept 19 (Reuters): A big interest rate cut from the US Federal Reserve on Wednesday raised bets on further policy easing at the European Central Bank in October but this is still not the most likely outcome given different...
ISTANBUL, Sept 19 (Reuters): Turkey's central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as expected, saying it remained highly attentive to inflation risks but removing a reference to potential tightening.The bank...
M. Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank PLC (EBL), and Jin Hyuk Paik, Managing Director, JW Apparel Limited, signed a Payroll Banking agreement at the latter's head office in Chattogram recently. Under the agreement,...
The Premier Bank PLC and SSLCOMMERZ have signed an agreement on omni-channel solution. Under this agreement, omni-channel solution will be seamlessly integrated with the bank's app money and other platforms, with existing merchants allowing bank's customers to have more channels...
Prime Bank PLC., a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed an agreement with Neofarmers Ltd. at the bank's corporate office. Under the agreement, Prime Bank customers will get exciting offer on purchasing products...
Midland Bank PLC (MDB) inaugurated its first SME Centre at Gazipur Chowrasta, Gazipur, and also relocated its Bogura branch at Joleshowritola, Bogura Sadar to Zamzam Tower, Shahid Abdul Jabbar Road in Bogura on Wednesday. Md Ahsan-uz Zaman, Managing Director &...
Delta Life Insurance Company Limited and United Lube Oil Limited, the exclusive distributor of Petronas Lubricants in Bangladesh, have recently signed an insurance agreement and launched the 'Ride Safe Campaign'. This initiative aims to enhance bikers' safety by providing health...
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