The European Commission has announced new funding to support humanitarian projects in Bangladesh, Myanmar, Indonesia and Malaysia, reports UNB.The Commission announced the new humanitarian aid package of €21.5 million for the Asia-Pacific region on Tuesday, bringing the total EU support...
FE REPORT | 2024-10-16 00:00:00
Two of crisis-ridden commercial banks' new managements were given Tuesday regulatory directions to improve their financial health through intensifying cash-recovery drives to recoup their soaring non-performing loans (NPLs).The central bank's instructions came from the Bangladesh Bank Governor, Dr Ahsan H....
FE REPORT | 2024-10-16 00:00:00
Stoked-up inflation, external-sector pressures, financial vulnerabilities and political uncertainty could demote Bangladesh's economic growth this fiscal, the World Bank says in its latest study accompanied with suggested remedies. If the government fails to improve the supply-side management of the essential...
Citigroup's profit fell 9 per cent in the third quarter as it set aside more money to cover the risk of loan defaults, particularly on credit cards, reports Reuters.The third-largest US lender's net income dropped to $3.2 billion, or $1.51...
Mohammad Helal Uddin, a professor at the Department of Economics at the University of Dhaka, joined the Microcredit Regulatory Authority (MRA) as its executive vice chairman on Monday. Officials and employees of MRA welcomed him with a bouquet on the...
Unilever Consumer Care Limited (UCL) won the 'Gold Award' from the Institute of Chartered Secretaries of Bangladesh (ICSB) for corporate governance excellence. The 11th ICSB National Award was handed over to UCL at a gala event held in a city...
A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Tuesday at Islami Bank Tower. Mufti Sayeed Ahmed, Chairman of the Committee, presided over the meeting. Mohammed Monirul Moula, Managing Director of the bank, Prof....
The 406th meeting of the Board of Directors of Al-Arafah Islami Bank PLC was held on Monday, with its Chairman Khwaja Shahriar in the chair. The overall business performance of the bank was reviewed and several policy decisions were taken....
The World Food Day-2024 will be observed in the country today as elsewhere in the world with the theme 'Right to foods for a better life and a better future', emphasizing the need for universal access to diverse, nutritious, affordable...
Labour and Employment Adviser Asif Mahmud Shojib Bhuiyan said that strict action will be taken under the Special Powers Act against those involved in syndicates inflating commodity prices, reports UNB.Speaking at a views-exchange meeting held at the Secretariat Media Centre...
Midland Bank and A P FEED signed a Memorandum of Understanding (MoU) at the bank's corporate head office in Dhaka recently. Maruf Haider, Executive Vice President, Institutional Banking Division, Midland Bank, and Masudul Hasan, Proprietor, A P FEED, signed the...
A meeting of the Board of Directors of First Security Islami Bank was held at the board room of FSIB Head Office in Dhaka on Monday, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. The Board expressed...
Apple on Tuesday launched its new generation of the iPad mini packed with AI features including writing tools and an improved Siri assistant, as the iPhone maker races to boost its devices with artificial-intelligence capabilities, reports Reuters.The new iPad mini...
The world's total public debt is set to exceed $100 trillion this year for the first time and may grow more quickly than forecast as political sentiment favours higher spending and slow growth amplifies borrowing needs and costs, the International...
Dhaka Chamber of Commerce and Industry (DCCI) President Ashraf Ahmed on Tuesday called for automation in port operations, increasing logistics facilities and reducing gap regarding coordination among related organizations, reports BSS."Automation in port operations, increasing logistics facilities, improving coordination of...
Grameenphone, through its free Learning Management System, Grameenphone Academy, has launched 'Freelancing Factory', an initiative designed to equip students with the necessary training, and mentorship required to build a freelancing career. This programme aims to bridge job market gaps, unlock...
Standard Chartered Bangladesh recently implemented a unique structured trade solution for T.K. Group, helping them navigate challenging market conditions to procure critical commodities with unmatched efficiency. The facility is supporting import of critical commodities such as refined, bleached, and deodorised...
FE REPORT | 2024-10-16 00:00:00
The government is considering withdrawal of 5.0 per cent value-added tax (VAT) at the import stage of soybean and palm oils, aiming to keep the supply and prices stable in the market.The commerce ministry would soon request the National Board...
NAZIMUDDIN SHYAMOL | 2024-10-16 00:00:00
CHATTOGRAM, Oct 15: Production at the state-owned Chattogram Urea Fertiliser Company Limited (CUFL) resumed on Monday, eight months after it was suspended for unavailability of gas supply as well as for renovation of the machinery.The factory resumed its production after...
RANGAMATI, Oct 15 (BSS): A man was electrocuted while trying to repair a water pump at Chandraghona in Kaptai upazila of the district on Tuesday.The deceased was Shoifu Khiang, 60, hailed from Chandraghona union of the upazila.Shoifu Khiang electrocuted when...
PABNA, Oct 15 (UNB): Two people died and three others fell sick after excessive liquor consumption during post-Durga Puja celebrations at Bhangaura upazila in Pabna district on Monday night.The deceased have been identified as Robin Ghosh, 25, son of Ramchandra...
OUR CORRESPONDENT | 2024-10-16 00:00:00
GAIBANDHA, Oct 15: Different crops on 136 hectares of land have been submerged due to the flood triggered by incessant rain in the district.Out of the total land, crops on 43 hectares have been damaged totally, sources said.Saplings and vegetables...
OUR CORRESPONDENTS | 2024-10-16 00:00:00
In the wake of supply crunch and low production amid floods and rains, vegetable prices have gone sky-high across the country.However, customers allege that vegetable traders are desperate to make more profit due to lack of market monitoring.In Rajshahi city,...
West Indies' Deandra Dottin and Hayley Matthews celebrate the dismissal of England's Alice Capsey during the ICC Women's T20 World Cup in Dubai on Tuesday — ICC
BENGALURU, India, Oct 15 (AP): India will have a keen eye on its upcoming tour of Australia as it takes on New Zealand in a three-Test series starting in Bengaluru on Wednesday.Before the five-Test clash in Australia from next month,...
MULTAN, Pakistan, Oct 15 (AFP): Kamran Ghulam hit a superb century on his debut to guide Pakistan to 259-5 on the opening day of the second Test against England in Multan on Tuesday.The 29-year-old replaced out-of-form Babar Azam at number...
MUNICH, Germany, Oct 15 (Reuters): Germany booked a place in the Nations League quarter-finals on Monday after midfielder Jamie Leweling enjoyed a dream international debut by scoring the winner in a hard-fought 1-0 home success over the Netherlands in Group...
The Bangladesh Cricket Board (BCB) said on Tuesday it had suspended head coach Chandika Hathurusingha for misconduct including an alleged assault of a player, report agencies.Trinidadian former all-rounder Phil Simmons has been appointed stand-in coach and will take the team...
LONDON, Oct 15 (Reuters): London cocoa futures on ICE rose to their highest in a month on Tuesday amid renewed worries over supply, while coffee also gained.March London cocoa edged up 0.3 per cent at 5,093 pounds a metric ton,...
Gold prices held steady on Tuesday as the US dollar remained near two-month highs, with markets caught between profit-taking and prospects for further rate cuts by the Federal Reserve, reports Reuters.Spot gold was steady at $2,652.72 per ounce at 1108...
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