DOULOT AKTER MALA | 2024-10-17 00:00:00
Rising logistics costs are hiking the cost of doing business in Bangladesh and discouraging investors, stakeholders say and urge mapping out sector-wise predictable expenditures on this score.Both local and foreign investors are finding it difficult to estimate logistics expenses accurately...
SIDDIQUE ISLAM | 2024-10-17 00:00:00
A steady rebound on the back of changed milieus helps Bangladesh see its gross foreign-exchange reserves climb over US$25 billion again amid tightfisted import payments and higher remittances, officials said. The forex reserves rose to $25.14 billion on October 15...
The Council of Advisers of the Interim Government has decided to cancel eight national days, according to a post on the verified Facebook page of the Chief Adviser on Wednesday.The cabinet division will soon issue a gazette notification cancelling these...
LONDON, Oct 16 (AFP): Major Asian and European stock markets mostly fell Wednesday after concerns about the red-hot semiconductor industry fuelled a tech sell-off.Wall Street was shaken Tuesday after Dutch tech giant ASML, which supplies chip-making machines to the semiconductor...
MUMBAI, Oct 16 (Reuters): Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.Last Saturday, China pledged to significantly increase debt to revive...
Bangladesh's leading electronics and home appliance company, Minister-MyOne Group, recently signed a memorandum of understanding (MoU) with China's world-renowned electronics brand, CHIGO Group. Under the agreement, Minister-MyOne Group will work as a marketing, sales and after-sales service provider of CHIGO...
LONDON, Oct 16 (AFP): Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month.The Consumer Prices Index (CPI) reached 1.7 percent...
SINGAPORE, Oct 16 (Reuters): Excessive monsoon rains following a drought in the world's top rubber producer Thailand and typhoon damage in No. 5 grower China are reducing output of the tyre-making material, dragging down production prospects and lifting prices to...
Asian bond markets attracted overseas investments for the fifth consecutive month in September, though the pace of inflows slowed due to diminished expectations for further rate cuts by the US Federal Reserve and caution ahead of US elections, reports Reuters.Cross-border...
The 883rd meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, the Chairman of Executive Committee...
Social Islami Bank arranged a business review meeting at the bank's head office on Tuesday. Managing Director (Acting) Mohammad Forkanullah was present as the chief guest. Deputy Managing Director Abdul Hannan Khan, Head of Managing Director's Secretariat & Investment Wing...
Prime Bank recently signed a new payroll agreement with Mart Promoters at the latter's office in Chattogram. Under this agreement, Mart Promoters (retail industry) employees will enjoy a seamless payroll management solution that will streamline salary disbursements and offer exclusive...
M. Khorshed Anowar, deputy managing director of Eastern Bank Limited (EBL), and Md. Niamul Karim, managing director of Meeka Pharmacare, signed a payroll banking agreement at the bank's head office in Dhaka recently. Under the agreement, employees of Meeka Pharmacare,...
The 6th Board Meeting of the newly formed Board of Directors of Union Bank PLC was held at the head office of the bank on Tuesday, with the participation of all members of the Board. Chairman of the Board Md...
Council Members of the Institute of Chartered Secretaries of Bangladesh (ICSB) led by its Senior Vice President M Nurul Alam called on Khondoker Rashed Maqsood, Chairman, Bangladesh Securities and Exchange Commission (BSEC) at his office in Sher-e-Bangla Nagar, Dhaka on...
Berger Paints, a leading paint solution provider in Bangladesh, is taking part in the 19th National Furniture Fair, organised by the Bangladesh Furniture Industry Owners Association at the International Convention Center Bashundhara (ICCB). The fair that began on October 15...
JIDALAI Co. Ltd. is going to invest US$ 5.85 million to set up a Pullers of Zipper manufacturing industry in Adamjee Export Processing Zone (AEPZ). This Chinese company will produce annually 70 million pullers of zipper where 189 Bangladeshi nationals...
FE REPORT | 2024-10-17 00:00:00
The central bank governor, on Wednesday directed the boards of two more crisis-ridden commercial banks to improve their financial health through paying more focus on cash recovery to recoup their soaring non-performing loans (NPLs).As part of Bangladesh Bank's (BB) moves...
FARHAN FARDAUS | 2024-10-17 00:00:00
Listed electricity producer Doreen Power saw its assets' value cut in a revaluation of its three plants of 66 megawatts as they stopped operations upon expiry of contracts with the government.A revaluation done by K. M. Alam & Co. Chartered...
MOHAMMAD MUFAZZAL | 2024-10-17 00:00:00
The declining trend in the yields of Treasury bonds is unlikely to make a positive impact on the equity market as investors will be driven to safer schemes for better return.The interim government has started reducing the interest rates of...
US holiday sales are expected to grow as much as 3.5 per cent, the slowest pace in six years, the National Retail Federation forecast on Tuesday, as shoppers turn more frugal and get picky with spending on non-essentials, reports Reuters.Holiday...
PARIS, Oct 16 (AFP): European aviation giant Airbus plans to cut up to 2,500 jobs in its struggling defence and space division, a source close to talks between management and unions said Wednesday.The specifics of the job reductions were not...
NEW DELHI, Oct 16 (Reuters): India has raised the price at which it will buy new-season wheat from domestic farmers by 150 rupees or 6.6 per cent to encourage growers to expand acreage and remove the need for imports in...
NEW YORK, Oct 16 (Reuters): JPMorgan Chase, the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters.International markets are a growth area for JPMorgan, which has...
STOCKHOLM, Oct 16 (Reuters): Funding of artificial intelligence and cloud companies in the US, Europe and Israel is rising after three years of decline and is estimated to hit $79.2 billion by the end of the year, venture capital firm...
Bengal Commercial Bank PLC. (BGCB) held its 35th meeting of the Board of Directors recently at the bank's Head Office in Gulshan, Dhaka. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Ghulam Mohammed Alomgir, Vice Chairman of...
The 29th Annual General Meeting (AGM) of AB International Finance Limited, Hong Kong, a subsidiary of AB Bank PLC, was held at its Board Room at Silvercord Tower in Hong Kong on Wednesday. Tarique Afzal, Chairman of the Board, presided...
Jamuna Bank PLC virtually inaugurated its 113th sub-branch named 'Matlob Dakshin Sub-Branch' in Chandpur from its Head Office in Dhaka. Managing Director and CEO of Jamuna Bank Mirza Elias Uddin Ahmed presided over the inaugural ceremony.
Islami Bank Bangladesh PLC launched a 45-day campaign titled 'Extra Efforts for Better Asset and Better Tomorrow'. Md. Obayed Ullah Al Masud, Chairman of the bank, inaugurated the campaign at Islami Bank Tower as the chief guest on Tuesday. Mohammed...
FE REPORT | 2024-10-17 00:00:00
The implementation progress of ICT-related projects under the Annual Development Programme (ADP) reached 2.57 per cent nationally and 11.67 per cent within the Department of Posts and Telecommunications by August.These figures are from the National Progress Index in the Monitoring...
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