The primary concept of Geographical Indication (GI) is to confer special status upon products originating from specific regions or areas. Once granted, GI status enhances the reputation, market introduction, sales, and pricing of these products. In rural areas where job...
"The Earth does not belong to us; we belong to the Earth," and this is something we tend to forget. Earth is the only planet that allows us to live in its surroundings, yet we, as human beings, are often...
Mir Mostafizur Rahaman | 2024-06-06 12:00:00
For the last two decades, a lot of promises were made by the authorities for reviving the jute industry of the country, which once earned the lion's share of its export revenues through shipment of jute and jute goods.The golden...
Atiqul Kabir Tuhin | 2024-06-06 12:00:00
In his book "Chip War: The Fight for the World's Most Critical Technology," noted American economic historian Chris Miller, argues, "Microchips are the new oil. This vital and precious resource has an even more profound impact on people's lives than...
That inflation has galloped once again at the beginning of the second quarter of the current year bodes ill of the country. In the past month, it registered a record high in seven months. The inflation soared to 9.89 per...
BENGALURU, June 5 (Reuters): Indian shares jumped over 3 per cent on Wednesday, marking its best one-day gain in over three years after key allies pledged their support to form a new government following a narrow win for Prime Minister...
WASHINGTON, June 05 (Reuters): Prominent investor Ron Baron has come out in support of Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, according to an open letter from the Baron Capital...
MADRID, June 05 (AFP): Zara owner Inditex, the world's biggest fashion retailer, on Wednesday reported a record net profit for the first quarter, even as the Spanish group faces growing competition from Chinese-founded online rival Shein.Inditex, whose other brands include...
PARIS, June 05 (AFP): The world has never had so many rich people and their investments in soaring stock markets have made them wealthier than ever recorded, according to a study published on Wednesday.The number of "high net worth individuals"...
Bangladesh Small and Cottage Industries Corporation (BSCIC), in collaboration with Bangladesh Tourism Board, organised a seminar on 'Importance of Small and Cottage Industries in the Development of Tourism Industry of Bangladesh' in Dhaka on Wednesday. Sanjay Kumar Bhowmik, (Grade-1), chairman...
Bangladesh Monospool Paper Manufacturing Company Ltd held a board meeting recently. At the meeting, the board members decided to expand its business with a diversification strategy. This includes venturing into Printing and Writing Paper Manufacturing, Publication, Paper Converting, Security Printing,...
Prime Bank PLC has recently signed a partnership agreement with De Tempete Limited at the bank's Gulshan corporate office. Under the agreement, De Tempete Limited will provide the following services with special offer to the bank's priority customers. The services...
IFIC Bank PLC, the largest banking network with 1,400 branches and sub-branches, organised a daylong workshop on 'Fake Note Detection and Prevention of its Circulation' at a local auditorium in Rangpur recently. Md Ruhul Amin, Executive Director of the Bangladesh...
BRAC Bank has partnered with Romoni Services Limited, a leading online platform for professional beauty services at home, to offer exclusive benefits for its TARA, Premium Banking, and other cardholders. The agreement was signed at BRAC Bank's Head Office in...
bKash has donated Tk 5.0 million to support households severely affected by the cyclone Remal, which battered the coastal areas on May 26. The cash assistance has been disbursed among 2,500 most affected families, says a press release.Showing solidarity with...
Mohammad Ruknuzza-man has been appointed as the Managing Director of Bay Leasing & Investment Limited, says a press release. With over 30 years of comprehensive experience in the banking and financial sectors, Mr. Ruknuzzaman is poised to lead the company...
Denmark continues to support Bangladesh in addressing the growing need of clean water for the increasing population of Dhaka, providing finances EUR 300 million in water infrastructure in Bangladesh - one of the largest in the world, reports UNB. Dhaka...
FE REPORT | 2024-06-06 00:00:00
Private sector commercial bank, Bank Asia decided to issue floating rate subordinated bonds worth Tk 8 billion to raise regulatory capital.The board of directors of the company approved the issuance of Seven-year Floating Rate Non-Convertible Subordinated Bond, according to a...
Eminent business person and social worker Monzurur Rahman has been re-elected as chairman of the board of directors of Pubali Bank for two years. He has been unanimously re-elected to the position. Mr. Rahman is the chairman of Rema Tea...
BABUL BARMAN | 2024-06-06 00:00:00
Any hope of the stock market emerging from the pit of despair has been dashed by all the fiscal measures considered by the government for the upcoming year to increase revenue. One of the measures is to impose capital gain...
STOCKHOLM, June 5 (Reuters): Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms.The company, through its investment arm, is investing...
Walmart will, for the first time ever, pay bonuses to its US hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff,...
TOKYO, June 5 (Reuters): Japan's inflation-adjusted real wages fell in April from a year earlier but slowed the pace of decline as the Bank of Japan looks for early signs of achieving a positive cycle of rising wages and inflation...
In celebration of the World Environment Day, Bonayan, the largest private sector-driven afforestation programme in Bangladesh, is set to distribute 5 million saplings nationwide. This initiative marks Bonayan's 44th year of significant contributions to environmental restoration, says a press release.Bangladesh...
Daraz Bangladesh, the country's leading online marketplace, is going to launch the highly anticipated Eid-ul-Azha campaign, Daraz 6.6 Big Eid Sale, today, says a press release. The Big Eid Sale, which will continue until June 12, embraces the spirit of...
Aygaz United held 'Retailers Connect Meet' at the United Convention Centre in Dhaka recently. Retailers spanning diverse territories in Dhaka participated in the daylong extravaganza. The event was attended by Chairman & Managing Director of United Group Moinuddin Hasan Rashid....
Green Delta Insurance and Omera Petroleum Limited have recently signed an agreement to provide health insurance for Omera Petroleum Limited's exclusive distributors. This insurance coverage will encompass hospitalization (IPD), outpatient services (OPD), natural death, accidental death, disability benefits, and 24/7...
Jamuna Bank PLC organised a 'Managers' Meeting' of Rajshahi Zone at a hotel in Rajshahi recently, aiming to improve customer service and expand banking services. Md. Saidul Islam, the Chairman of Jamuna Bank, was present as the chief guest. Directors...
The 41st Annual General Meeting (AGM) of Pubali Bank PLC was held on a virtual platform on Wednesday. Monzurur Rahman, Chairman, Board of Directors of Pubali Bank, presided over the meeting. Directors and a huge number of shareholders participated in...
FE REPORT | 2024-06-06 00:00:00
The Bangladesh Textile Mills Association (BTMA) urged the government to ensure uninterrupted gas supply to various industrial zones across the country, such as Savar, Ashulia, Gazipur, Narayanganj and Narsingdi, on a priority basis.The trade body representing primary textile mills also...
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