SAJIBUR RAHMAN | 2024-10-22 00:00:00
Expatriates sent nearly $1.53 billion in remittances to Bangladesh during the first 19 days of October in fiscal year FY 2024-25, according to Bangladesh Bank (BB) data released on Monday.On average, daily remittances amounted to $80.70 million during this period....
FE REPORT | 2024-10-22 00:00:00
The government Monday appointed new managing directors (MDs) and chief executive officers (CEOs) to ten public banks, officials said, amid sweeping changes in the post-uprising interim period.The Financial Institutions Division (FID) of the Ministry of Finance appointed four MDs through...
GULAM RABBANI | 2024-10-22 00:00:00
President Shahabuddin's remark that there is no documentary evidence of deposed Prime Minister Sheikh Hasina's resignation triggered tempests in the interim administration and social media, calling in question his presidency. Law Adviser of the post-uprising interim government Prof Asif Nazrul...
JASIM UDDIN HAROON | 2024-10-22 00:00:00
Global credit-rating agency Fitch forecasts macroeconomic pickup in Bangladesh from the political transition-time setback, provided that the reforms spearheaded by the interim government sail through. On the downside of the current situation, Fitch Ratings in its latest report notes that...
Tide maker Procter & Gamble reported a surprise drop in quarterly sales for the second time in a row, as consumers in the United States, its biggest market, bought fewer name brand products and Chinese shoppers shunned them, reports Reuters.P&G's...
LONDON, Oct 20 (Reuters): Packaged food and drinks should have easy-to-read nutritional information on the front of the products to help consumers make healthier choices, according to the first-ever World Health Organization draft guidelines that stopped short of recommending harsher...
Citizens Bank PLC held a business session entitled 'Meeting at Chairman's Invitation' at a city hotel with a view to having better insights regarding the overall health of the bank. Chowdhury Mohammed Hanif Shoeb, Chairman of the bank, was present...
Bengal Commercial Bank (BGCB) has opened its 30th branch at Narayanganj. Md. Jashim Uddin, Chairman of the bank and president of SAARC Chamber of Commerce & Industry, along with other officials and guests inaugurated the branch recently. Tarik Morshed, Managing...
Islami Bank Bangladesh PLC organised a fortnight campaign titled 'Cyber Security Awareness'. Mohammed Monirul Moula, Managing Director of the bank, inaugurated the campaign as the chief guest on Monday at Islami Bank Tower. Md. Omar Faruk Khan, Md. Altaf Hossain...
FE REPORT | 2024-10-22 00:00:00
A set of three expositions showcasing textiles, yarn, and their related chemicals and machinery will begin at the Bangladesh-China Friendship Exhibition Centre (BCFEC) at Purbachal in Dhaka on November 6, aiming to boost the country's economy. This is the 23rd...
US rules that will ban certain US investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon, reports Reuters.The rules, which will also require U.S. investors to notify the...
Executive Chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Chowdhury Ashik Mahmud Bin Harun on Monday reaffirmed their continuous efforts to facilitate trade in the country, reports BSS.He made the remarks at a dialogue organised...
FE REPORT | 2024-10-22 00:00:00
In a decisive move to strengthen trade relations, the Ministry of Commerce here has placed emphasis on finalising the much-trumpeted Free Trade Agreement (FTA) with China.Commerce secretary Md Selim Uddin reiterated the interim government's commitment to this initiative during the...
KUALA LUMPUR, Oct 21 (Reuters): Malaysian palm oil futures closed up on Monday, rebounding after two sessions of losses, supported by higher export estimates and anticipated seasonal palm production declines.The benchmark palm oil contract for January delivery on the Bursa...
MUMBAI, Oct 21 (Reuters): The Indian rupee declined to its weakest closing level on record on Monday but avoided sharper losses as likely intervention by the Reserve Bank of India (RBI) blunted the pressure from weakness in regional peers and...
Janata Bank PLC held a milad and doa mahfil on Monday in memory of Meshkat Ahmed Chowdhury, a director of the bank and former joint secretary; Sufia Begum, assistant general manager; and Mohammad Ali Ahsan, principal officer; who passed away...
Md Abul Hashem, Deputy Managing Director of Uttara Bank PLC, inaugurated the 43rd sub-branch of the bank named 'Daganbhuiyan Sub-Branch' at Daganbhuiyan in Feni on Sunday. Md. Ashraf-uz-Zaman, Deputy Managing Director of the bank, was present as a special guest.
Sonali Bank PLC signed an agreement with Sadharan Bima Corporation to collect all types of insurance premium and other charges and fees from the customers through Sonali Payment Gateway (SPG). Sonali Bank General Manager Md Moniruzzaman and Sadharan Bima Corporation...
Omera LPG launched the country's most convenient home delivery platform for LPG cylinders, the LPG Solution app, at a programme marking the International Chef's Day 2024 at a hotel in Dhaka. This app enables customers to easily order LPG cylinders,...
Noted economist Dr. Mohammad Zahid Hossain joined Bangladesh Krishi Bank (BKB) as its chairman on Sunday, says a statement. Previously, he served as a Principal Economist in the South Asia Department of the Asian Development Bank (ADB), where he oversaw...
Bashundhara Toiletries has launched 'Alora 2in1', an innovative product for hair and body wash.As Bangladesh's first 2-in-1 solution for both hair and skin, Alora features a unique blend of premium ingredients that cleanse, nourish, and revitalize, says a statement.'Alora 2in1'...
Gold rallied for a fifth straight day on Monday, hitting a record high on uncertainties around the US election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts, while silver hit a near 12-year peak, reports Reuters.Spot...
Major stock markets in the Gulf were mixed in early trade on Monday amid simmering tensions in the region and weakening oil prices, reports Reuters.Hundreds of Beirut residents fled their homes late on Sunday with multiple explosions heard across the...
HONG KONG, Oct 21 (AFP): Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical...
LONDON, Oct 21 (Reuters): Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall.Bank share prices have broadly delivered...
A five-day-long orientation programme has been arranged for 218 newly recruited deputy junior officers of the Pubali Bank. The course is designed to familiarise the participants with the concepts, principles, rules, regulations, laws and practices of bank. Mohammad Ali, managing...
Mutual Trust Bank (MTB) Foundation recently observed White Cane Safety Day 2024 in partnership with Centre for Services and Information on Disability (CSID) through an event. It raised awareness about the white cane as a symbol of independence and mobility...
BRAC Bank organized a two-day entrepreneurs' fair at its head office as part of a programme that aimed to promote women entrepreneurs and help them broaden their market reach.The fair was held on September 29-30, and featured the products of...
FE REPORT | 2024-10-22 00:00:00
IDLC Finance secured an 80 per cent higher profit in its third quarter through September this year, compared to the same quarter a year ago, on capital gains from good shares. According to a stock exchange filing on Monday, the...
FE REPORT | 2024-10-22 00:00:00
The Dhaka Stock Exchange (DSE) on Monday decided to elevate three companies to 'A' and 'B' categories from 'Z' category after they had reported disbursement of cash dividends.The companies are Union Insurance, Shepherded Industries, and Advent Pharmaceuticals. The decision will...
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