FE Today Logo

Search results for:


Cut cargo fares, allocate more space for fresh produce

FE REPORT | 2024-09-05 00:00:00

Local exporters have requested the government to rationalise cargo fares and allocate more cargo space for exporting fresh vegetables and fruits, aiming to boost earnings from the sector.The Bangladesh Fruits, Vegetables & Allied Products Exporters Association (BFVAPEA) has recently written...

Tiafoe, Fritz, Navarro boost home hopes of US Open title sweep

2024-09-05 00:00:00

NEW YORK, Sept 04 (AFP): Frances Tiafoe and Taylor Fritz set up an all-American US Open semi-final on Tuesday as compatriot Emma Navarro reached the women's last four to boost home hopes of a title sweep.The 20th seed Tiafoe progressed...

Australia's Xavier Bartlett bowls the ball

2024-09-05 00:00:00

Australia's Xavier Bartlett bowls the ball during the first Twenty20 International cricket match between Scotland and Australia at the Grange Cricket Club in Edinburgh, Scotland on Wednesday — AFP

Belgium's Youri Tielemans (C) practices during a training session

2024-09-05 00:00:00

Belgium's Youri Tielemans (C) practices during a training session of the Belgian national football team Red Devils as part of the team's preparation for the upcoming UEFA Nations League match at the Royal Belgian Football Association's training centre in Tubize...

Hasan, Nahid's breakthrough signals a new era for BD cricket

2024-09-05 00:00:00

Bangladesh's new generation pace duo, Hasan Mahmud and Nahid Rana, impressed with their bowling in the recently concluded Test series against Pakistan, where they led from the front and proved their inclusion made a significant difference, reports UNB.Bangladesh has traditionally...

Naimur Rahman resigns from BCB

2024-09-05 00:00:00

Naimur Rahman, popularly known as Durjoy has tendered his resignation as board director of the Bangladesh Cricket Board (BCB), citing personal reasons, reports BSS."I have resigned from the BCB due to personal reasons. I sent my resignation letter to the...

McCullum can work magic with England's white-ball teams: Pope

2024-09-05 00:00:00

LONDON, Sept 04 (AFP): Stand-in Test captain Ollie Pope said Brendon McCullum can transform the fortunes of England's limited-overs teams in the same way he has reinvigorated the red-ball side.England cricket chiefs on Tuesday announced the New Zealander would take...

Bangladesh to play Bhutan in first of two-match series today

2024-09-05 00:00:00

The Bangladesh National Football team will play hosts Bhutan in the first match of the two-match FIFA International Friendlies Series today (Thursday), reports UNB.The match will kick-off at 6:00 pm local time at the Changlimithang Stadium in Thimphu.The second and...

'Embarrassing' Pakistan cricket hits rock bottom with Bangladesh defeats

2024-09-05 00:00:00

KARACHI, Sept 04 (AFP): Pakistan cricket was reeling Wednesday after its first-ever Test defeats against Bangladesh, the latest in a string of poor performances which have seen the game hit rock bottom.The cricket-mad nation was left in despair after losing...

Major Gulf markets ease on weak oil prices, global growth concerns

2024-09-05 00:00:00

Major stock markets in the Gulf fell in early trade on Wednesday amid weak oil prices and as worries about the global growth outlook drove investors away from risky assets, reports Reuters.US manufacturing contracted at a moderate pace in August...

Foreigners retreat from Asian equities on doubt over tech valuations

2024-09-05 00:00:00

Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments, reports Reuters.According to LSEG data, foreigners sold a net $3.8 billion worth of...

How European countries are reforming pensions to tackle rising costs, worker shortages

2024-09-05 00:00:00

BERLIN, Sept 4 (Reuters): German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems.Here is what other European countries are...

India’s services sector growth accelerates to 5-month high

2024-09-05 00:00:00

BENGALURU, Sept 04 (Reuters): Activity in India's dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by...

Toyota, Maruti launch marketing drive for hybrids in key Indian state

2024-09-05 00:00:00

LUCKNOW (India), Sept 04 (Reuters): From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax...

Intel manufacturing business suffers setback as Broadcom tests disappoint

2024-09-05 00:00:00

NEW YORK, Sept 04 (Reuters): Intel's contract manufacturing business has suffered a setback after tests with chipmaker Broadcom failed, three sources familiar with the matter told Reuters, dealing a blow to the company's turnaround efforts.The tests conducted by Broadcom involved...

'Fry Bucket' opens outlet at Aftabnagar

2024-09-05 00:00:00

Popular Fast Food chain brand 'Fry Bucket' has launched an outlet at Aftabnagar in Dhaka recently. Animesh Saha, Deputy Managing Director of Fry Bucket, inaugurated the outlet near the East West University. Anisul Islam, Head of Marketing of Fry Bucket,...

Takaful hands over fire insurance claim cheque

2024-09-05 00:00:00

Abul Kalam Azad, Chief Executive Officer of Takaful Islami Insurance Limited, handed over a cheque for Tk 42,86,768 to Md Zillur Rahman Khan, Proprietor & Managing Director of Shugandha Feed Mills Ltd, a client of the IBBL, Barishal Branch, against...

Asset Developments & Holdings Contributes to Chief Adviser's Relief Fund for Flood Victims

2024-09-05 00:00:00

Asset Developments & Holdings Ltd, a leading builder and developer company in Bangladesh, has donated Tk 2.0 million to the Chief Adviser's Relief and Welfare Fund for flood victims. The amount includes voluntary contribution of one day's salary from its...

SIBL MD Zafar, DMDs Habibur and Khorshed resign

FE REPORT | 2024-09-05 00:00:00

Just a few days after the reconstitution of the board, Social Islami Bank Ltd (SIBL) Managing Director Zafar Alam and Habibur Rahman and Khorshed Alam, both of whom are deputy managing directors (DMD), resigned from their positions.The top executives of...

MTB INKS DEAL WITH STARPATH HOLDINGS FOR PAYROLL BANKING SERVICES

2024-09-05 00:00:00

Mutual Trust Bank (MTB) PLC. recently signed an agreement with Starpath Holdings Ltd. to provide payroll banking services to its employees. Md. Shafquat Hossain, deputy managing director & head of retail banking of MTB and Md. Wahiduzzaman, managing director &...

ISO 9001:2015 CERTIFICATION AWARDED TO SOUTHEAST BANK

2024-09-05 00:00:00

The International Division of Southeast Bank PLC has been awarded ISO 9001:2015 Certification from Bureau Veritas (Bangladesh) Pvt Ltd, a globally recognised certification body for establishing Quality Management System (QMS) in its operation. This is the first time the International...

Stocks slide on worries over labour unrest

FE REPORT | 2024-09-05 00:00:00

Stocks extended the losing streak for the third straight session on Wednesday, as jittery investors dumped their holdings to avoid further erosion of their portfolios amid concerns over the country's macroeconomic situation.The prime index of the Dhaka Stock Exchange (DSE)...

Modhumoti Bank donates Tk 5m for flood victims

2024-09-05 00:00:00

Modhumoti Bank donated Tk 5 million to Chief Advisor's Relief & Welfare Fund to support the people who have been suffering due to the devastating flood under the CSR activities of the bank. Besides, employees of the bank have contributed...

Union Bank gets new chairmen of Audit and Risk Management committees

2024-09-05 00:00:00

Sheikh Zahidul Islam was elected as the new Chairman of the Audit Committee of Union Bank PLC and Md Humayun Kabir as the new Chairman of the Risk Management Committee of the bank.They were elected at the first meeting of...

Scrap unnecessary a2i projects: Adviser

FE REPORT | 2024-09-05 00:00:00

ICT Adviser Nahid Islam has instructed the officials to scrap unnecessary projects under the 'Aspire to Innovate (a2i)' initiative, a special programme taken during the Sheikh Hasina-led government.He also said that several investigation committees have been formed to look into...

Regulator unilaterally appointed independent directors: DBA

FE REPORT | 2024-09-05 00:00:00

Brokers have raised questions about the recent appointment of seven independent directors to the board of the Dhaka Stock Exchange (DSE), saying they have been chosen without consultation with the bourse. The new appointees do not have any female representation,...

NCC Bank plans to expand Islamic banking window

JUBAIR HASAN | 2024-09-05 00:00:00

National Credit and Commerce (NCC) Bank PLC is expected to strengthen its focus on Islamic banking services to meet demand of its growing number of Shariah-based clients, and to transform the bank into their reliable Islamic partner.As part of the...

Walton to give record dividends, buoyed by 73pc profit growth

FE REPORT | 2024-09-05 00:00:00

Walton Hi-Tech Industries secured a remarkable 73 per cent year-on-year growth in profit to Tk 13.57 billion in FY24, overcoming high inflation and other macroeconomic challenges.The electronic and home appliance giant's earnings per share (EPS) jumped to Tk 44.78 in...

AL welcomes govt's drive against looted arms

2024-09-05 00:00:00

The Awami League (AL) has welcomed the joint operation to recover weapons and ammunition, but urged the authorities to ensure the innocents are not harassed, reports UNB."We welcome the joint operation to recover weapons and ammunition. As criminals are wreaking...

Murder cases filed against Quader, Ivy, Shamim

2024-09-05 00:00:00

NARAYANGANJ, Sept 4 (BSS): Two separate murder cases have been filed against former minister Obaidul Quader, former Narayanganj city mayor Selina Hayat Ivy and former MP Shamim Osman with Siddhirganj thana.A murder case was filed on Tuesday evening against 130...