JEDDAH, Oct 02 (Arab News): Saudi Arabia is focused on increasing investment in Azerbaijan, noting that the current trade volume of $13.4 million is relatively small, indicating significant growth potential.At the fifth Saudi-Azerbaijani Business Forum in Baku, Hassan Moejeb Al-Hwaizy,...
Walton Digi-Tech Industries Limited, a sister concern of Walton Group, has launched a Solar Hybrid IPS that ensures environment friendly, renewable and affordable power supply, says a press release. The Solar Hybrid IPS, comes under 'arc' brand name, takes charge...
Former US Ambassador (ret.) to Bangladesh Peter Haas has joined as a Strategic Adviser to Excelerate Energy, Inc, a US-based LNG company located in The Woodlands, Texas, reports UNB.Haas retired from the U.S. Foreign Service on September 27 after 33...
Bangladesh Jibon Bima Corporation (JBC) has reached out to the Ministry of Finance, requesting assistance in recovering Tk 1.26 billion (126.95 crore) tied up in eight expired FDRs at Padma Bank, reports UNB.In a letter to the Financial Institutions Division,...
Premier Bank has launched 'Green PIN' service, enabling customers to instantly activate their Debit, Credit or Pre-paid cards or generate new PIN for their cards through the bank's website or mobile banking app Pmoney. Mohammad Abu Jafar, Managing Director and...
Pubali Bank PLC launched co-branded Visa debit and credit card with Bangladesh Railway on Wednesday. This co-branded card is a symbol of longlasting bondage between the two organisations. Mohammad Ali, Managing Director & CEO of Pubali Bank, and Sardar Shahadat...
Prime Bank PLC, one of the leading private commercial banks, has joined hands with The Bangladesh Monitor to organise the first-ever recognition programme for establishments and individuals excelling in services in travel, tourism and hospitality sectors. A total of 31...
Nabil Mustafizur Rahman recently joined United Commercial Bank Limited (UCB) as Additional Managing Director (AMD), says a statement. Prior to his new assignment, he was the Country Chief Risk Officer of Habib Bank Limited Bangladesh. Earlier, he joined United Commercial...
AKM Habibur Rahman has been elected Chairman of the Chittagong Stock Exchange PLC (CSE) for the next three years. The Board of Directors of CSE unanimously elected him at a Board meeting on Wednesday. He will replace Aisf Ibrahim as...
FE REPORT | 2024-10-03 00:00:00
The benchmark equity index shed 2.36 per cent on Wednesday, registering its biggest single-day fall in the last 31 months, with most stocks experiencing the price erosion.Such a free fall of the market prompted aggrieved investors to stage a demonstration...
NEW YORK, Oct 02 (Reuters): The Managed Funds Association, an alternative asset management trade group, announced on Wednesday its new board of directors, as well as its chair Jody Gunderson, managing principal at $16 billion credit investment firm AB CarVal,...
MANILA, Oct 02 (AFP): Philippine President Ferdinand Marcos on Wednesday signed into law a measure that imposes a 12 per cent value-added tax on foreign-based firms providing digital services in the country.The tax applies to a vast range of products...
LONDON, Oct 02 (AFP): A UK regulator Wednesday said it had fined startup Starling Bank £29 million for "shockingly lax" controls that "left the financial system wide open to criminals and those subject to sanctions".The Financial Conduct Authority (FCA) fined...
BENAPOLE, Oct 02 (UNB): Government revenue is being evaded at Benapole International Customs Checkpost through the use of fake travel tax receipts, according to customs officials.A broker group operating at the checkpost is reportedly defrauding the government by issuing fraudulent...
France Ambassador Marie Masdupuy called on Local Government, Rural Development (LGRD) and Cooperatives Adviser AF Hasan Arif at his LGRD office in Dhaka on Tuesday. They discussed issues relating to climate change, safe drinking water, sanitation, etc. at the meeting.
Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector, reports BSS.These were revealed while Danish Ambassador to Bangladesh Christian Brix Moller held a...
Union Bank Training Institute organised a daylong workshop on 'Shariah Complaint in Banking'. Chairman of the Board of Directors of Union Bank Md. Fariduddin Ahmad inaugurated the workshop as the chief guest. Chairman of the Audit Committee Sheikh Zahidul Islam...
The Bangladeshi expatriate businessmen living in Europe have expressed their keen interest to invest in the country's pharmaceuticals, healthcare, agriculture, processed food, education, technology, services sector and human resources development.The interest was shown when a 26-member delegation of Europe-Bangladesh Federation...
OUR CORRESPONDENT | 2024-10-03 00:00:00
CHATTOGRAM, Oct 02: The Directorate of National Consumer Rights Protection (DNCRP) fined Kacchi Express, a restaurant located at GEC Circle in the port-city, Tk 0.11million (1.10 lakh) for using unauthorised and harmful chemical as well as date expired spices in...
NAZIMUDDIN SHYAMOL | 2024-10-03 00:00:00
CHATTOGRAM, Oct 02: The Chittagong Chamber of Commerce and Industry (CCCI) Administrator and Chattogram Additional Divisional Commissioner (General) Muhammad Anwar Pasha's current tenure has been extended by 90 days to a total of 210 days.The extension was notified in a...
IFIC Bank has opened its 1,217th uposhakha or sub-branch at Zindabazar in Sylhet city. President of the Sylhet Press Club Ikramul Kabir inaugurated the sub-branch at Sadar's Sohir Plaza on Tuesday while Sylhet Branch Manager Md Abdul Quayum Chowdhury presided...
Dr. Vijay Prakash joined Managing Director of Bangladesh-India Friend-ship Power Company (Pvt.) Limited (BIFPCL) on Tuesday. Prior to taking over this position, he was serving as Executive Director (Safety, Sustainable Development, Environment and Ash Utilization) at NTPC Limited, India, says...
BRAC Bank has signed an agreement with MetLife Bangladesh to offer its employees and their dependents comprehensive life and medical insurance coverage. This partnership will ensure that more than 22,000 BRAC Bank coworkers and dependents are protected against medical expenses,...
MUMBAI/HANOI, Oct 2 (Reuters): Global rice prices fell on Monday after India, the world's No.1 exporter of the grain, gave the go-ahead for exports to resume, boosting global supply and helping poor Asian and African buyers secure more affordable supplies,...
Copper prices gained on Wednesday as China's stimulus measures brightened demand prospects, while rising oil prices due to the escalating Middle East conflict also lent support to the market, reports Reuters.Three-month copper on the London Metal Exchange rose 0.1per cent...
JAKARTA, Oct 2 (Reuters): Indonesia's annual inflation rate was 1.84 per cent in September, official data showed on Tuesday, easing from 2.12 per cent in August and within the central bank's target range.Analysts polled by Reuters had expected the September...
WASHINGTON, Oct 2 (AFP) : US manufacturing activity contracted for a sixth straight month in September, according to survey data released Tuesday, with demand remaining weak and new export orders slumping.The tepid reading reflects uncertainty in the sector ahead of...
Gold eased on Wednesday, taking a breather after rallying in the last session on an escalation in the Middle East conflict, while traders waited for more clues on US interest rates, reports Reuters. Spot gold was down 0.5 per cent...
LONDON, Oct 2 (Reuters): Oil prices climbed more than 3 per cent on Wednesday as Israel and the United States vowed retribution over Iran's biggest ever direct attack on its regional adversary, firing more than 180 ballistic missiles.With Israel also...
Biman Bangladesh Airlines has introduced a new monitoring system and launched a dedicated call center to assist exporters with real-time information regarding their shipments as part of its endeavur to increase transparency and accountability in cargo operations, reports BSS.The national...
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