FE REPORT | 2024-09-20 00:00:00
Bangladesh Nationalist Party (BNP) called upon India on Thursday to extradite ousted Prime Minister Sheikh Hasina to Bangladesh without delay."We don't expect India to give shelter to a mass murderer (Sheikh Hasina) and plunderer of public money without valid documents....
FE REPORT | 2024-09-20 00:00:00
Dhaka’s metro rail is set to begin its seven-day-a-week operations, launching its first Friday operation today.The mass rapid transit line 6 (MRT 6) will operate for a half day from 3:30 pm to 9:40 pm with 12 minutes headway/intervals touching...
DOULOT AKTER MALA | 2024-09-20 00:00:00
Some 102 Bangladeshi citizens have 367 overseas bank accounts in 13 countries, the highest in Canada followed by Australia and Singapore, intelligence data showed.Malaysia, the UK, the UAE, the USA and Thailand have also a significant number of Bangladeshi bank...
FE REPORT | 2024-09-20 00:00:00
Discovered proven natural gas reserve in Bhola Island is around 2.047 trillion cubic feet (Tcf) of which 1.432 Tcf is recoverable, the Ministry of Power, Energy and Mineral Resources (MPEMR) revealed on Thursday.Three gas fields have so far been discovered...
FE REPORT | 2024-09-20 00:00:00
The government has appointed Dr. Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD), as a member of the board of directors in Bangladesh Bank (BB), the country's central bank.The Financial Institutions Division (FID) under the Ministry of...
FE REPORT | 2024-09-20 00:00:00
Singaporean Financial Intelligence Unit (FIU) has sought detailed information on the domestic and overseas assets possessed by the controversial Chattogram-based S Alam Group from Bangladesh's Financial Intelligence Unit (BFIU).Confirming the development, a BFIU official on condition of anonymity said they...
FE REPORT | 2024-09-20 00:00:00
The World Bank will provide US$2.30 billion in assistance, including $750 million budgetary support, to Bangladesh this fiscal year (FY 2024-25), mainly to facilitate financial-sector reforms and recovery from flood damages, officials said on Thursday.A senior executive of the WB...
SIDDIQUE ISLAM | 2024-09-20 00:00:00
The government borrowed Tk 289.52 billion from banks in July-August for deficit financing but its net borrowing came to over Tk107 billion in the first two months of this fiscal after repayment. Officials said the government borrowing in the two...
DU CORRESPONDENT | 2024-09-20 00:00:00
In a gory incident at Dhaka University, a youth was mercilessly beaten to death as a suspected thief at Fazlul Haque Muslim Hall on Wednesday night.The youth, identified as Tofazzal Hossain (32), died inside the dormitory for hours of beating.Later,...
Bangladesh's Hasan Mahmud (L) celebrates after taking the wicket of India's Rishabh Pant on the first day of their Test cricket match at the M.A. Chidambaram Stadium in Chennai on Thursday. India scored 339-6 at stumps. — AFP
Dhaka University in a syndicate meeting on Thursday decided to ban all forms of student politics until a further decision taken in this connection, according to reports by online and electronic media outlets.
FE REPORT | 2024-09-20 00:00:00
Bangladesh Bank has been asked by the High Court to appoint a receiver to manage all the companies of Beximco Group and attach all the property of this beleaguered corporate.The court also directed the central bank authorities to recover the...
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...
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