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Sonali Bank arranges view exchange meeting

2024-12-20 00:00:00

Sonali Bank PLC arranged a view exchange meeting with its high officials to recover classified loans, write off loans and disbursement of new loans at its head office in the city on Thursday. MD & CEO of the bank Md...

MJL Bangladesh PLC holds 26th AGM

2024-12-20 00:00:00

The 26th Annual General Meeting (AGM) of MJL Bangladesh PLC (MJLBPLC) was held on a virtual platform on Thursday. Shareholders of the company approved a 52 per cent cash dividend. The meeting was presided over by Abdul-Muyeed Chowdhury, Chairman, MJLBPLC....

IFIC Bank holds seminar on Financial Literacy

2024-12-20 00:00:00

IFIC Bank PLC, in collaboration with the Jagannath University Marketing Alumni Association (JUMMA), has conducted a seminar on 'Financial Literacy and Banking Careers' at the central auditorium of the Jagannath University recently. Fariha Haider, Head of Centralised Retail Marketing Department...

National Bank’s services to remain suspended

2024-12-20 00:00:00

National Bank Limited has received approval to temporarily suspend all banking services to facilitate a seamless migration to a new core banking software system, reports BSS.To this end, Bangladesh Bank issued a circular on Thursday.According to the circular, all banking...

Collective effort needed to build resilient capital market in BD

2024-12-20 00:00:00

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a seminar titled "Strengthening Governance Framework-Way Forward to a Vibrant Capital Market" at the IDEB Bhaban in the city on Wednesday. Md Mohsin Chowdhury, Commissioner, Bangladesh Securities and Exchange Commission (BSEC), attended...

Health, wellness digital toolkit for RMG workforce launched

2024-12-20 00:00:00

AYAT Education, in partnership with Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the John C. Martin Foundation, and Integral Global, officially launched the Health and Wellness Digital Toolkit for Bangladesh's Ready-Made Garment (RMG) workforce at the BGMEA head office in...

Fed's hawkish tilt has emerging markets scurrying to save currencies

2024-12-20 00:00:00

MUMBAI/SINGAPORE, Dec 19 (Reuters): Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year.The Fed's tacit acknowledgement of...

ISLAMI BANK INAUGURATES MODHUBAG SUB-BRANCH

2024-12-20 00:00:00

Islami Bank Bangladesh inaugurated its Modhubag sub-branch under its Mouchak branch in the capital on Thursday. Mohammed Monirul Moula, managing director of the bank, inaugurated the sub-branch as the chief guest. Mahmudur Rahman, deputy managing director, presided over the programme...

Nazia Kabir first female independent director of Prime Bank

2024-12-20 00:00:00

Nazia Kabir, an advocate at the High Court Division of the Supreme Court of Bangladesh, and partner at legal advisory firm 'Syed Ishtiaq Ahmed & Associates' recently joined the board of directors of Prime Bank as its first female independent...

Trust Bank to invest more in MFS subsidiary

FE REPORT | 2024-12-20 00:00:00

Trust Bank has decided to invest Tk 312.5 million to strengthen its position in the rapidly growing mobile financial services industry, aiming to capture a bigger market share. The listed private commercial bank made the decision at a board meeting...

Shawkat Ali Khan joins Padma Bank as chairman

2024-12-20 00:00:00

Md. Shawkat Ali Khan, the chief executive officer and managing director (MD) of Sonali Bank, has been appointed as the new chairman of Padma Bank.He chaired the 120th board meeting at Padma Bank's head office in the capital's Gulshan on...

Mechanisation in farming needs easy access to funds: USAID study

FE REPORT | 2024-12-20 00:00:00

Access to finance is a big barrier to mechanization in farming in Bangladesh and so the lenders should do more to support the agriculture sector."Smallholder farmers and agri-businesses in Bangladesh continue to face significant barriers in accessing the financial resources...

Ring Shine Textiles to appeal to regulator to unfreeze IPO fund

FE REPORT | 2024-12-20 00:00:00

The struggling Ring Shine Textiles obtained shareholders' consent to extend its IPO fund utilization time by one more year to December next year.It had raised Tk 1.50 billion under the fixed price method in August 2019 but failed to use...

UTTARA BANK OPENS ITS 249TH BRANCH AT ARAIHAZAR

2024-12-20 00:00:00

Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC., inaugurated 249th branch of the bank named 'Araihazar Branch' at Araihazar, Narayanganj, on Thursday. Deputy Managing Directors Maksudul Hasan, Md. Abul Hashem and Md. Rezaul Karim joined the event...

Southeast Bank PLC's Executive Conference

2024-12-20 00:00:00

Southeast Bank PLC recently hosted an Executive Conference on "Redefining the Future of Banking with Generative AI, Agentic AI, and Blockchain" at the Southeast Bank Training Institute, Dhaka. Chairman of the Bank, M.A. Kashem, inaugurated the conference as the chief...

Eastern Bank opens a sub-branch at Mirpur Rupnagar

2024-12-20 00:00:00

M. Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank PLC (EBL), formally inaugurated a sub-branch of the bank at Rupnagar of Mirpur in the city on Wednesday. EBL Branch Area Head- Dhaka Farzana Ali, Mirpur Branch...

AB BANK SIGNS AGREEMENT WITH AXENTEC

2024-12-20 00:00:00

AB Bank PLC. and Axentec PLC. signed an agreement at the bank's head office in Dhaka on Wednesday. Under this agreement, the bank embraced cloud technology for its data center management. Axentec, a subsidiary of Robi Axiata PLC, will facilitate...

Adani, under bribery scrutiny, pressed to reopen power deal

2024-12-20 00:00:00

Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters.In 2017, the Indian company...

Al-Arafah Islami Bank appoints AMD

2024-12-20 00:00:00

Al-Arafah Islami Bank (AIB) PLC appointed Mohd. Rafat Ullah Khan as additional managing director (AMD) and chief risk officer recently.He has more than 30 years of experience and expertise in the banking industry. Prior to joining the bank, he served...

Molla Mizanur appointed Additional DG at BWDB

2024-12-20 00:00:00

Molla Mizanur Rahman, Joint Secretary, joined Bangladesh Water Development Board (BWDB) as Additional Director General (Administration) on December 17, 2024, said a press release. Prior to this position, he served as Joint Project Director (Joint Secretary) of the Aspire to...

Usmania Glass Sheet Factory renamed

2024-12-20 00:00:00

The 3rd Extraordinary General Meeting (EGM) and 38th Annual General Meeting (AGM) of Usmania Glass Sheet Factory Ltd was held on a virtual platform on Thursday under the Chairmanship of Md Saidur Rahman, Addl Secretary, Chairman of BCIC and Chairman...

10 Minute School, bKash join hands to promote 'Digital Financial Literacy'

2024-12-20 00:00:00

The 10 Minute School and bKash are jointly launching an online course to inculcate digital financial knowledge and skills for the younger generation.This course aims to empower future generations in finance management by making them skilled in taking informed financial...

Japan to provide Tk 386m for primary edn programme

FE REPORT | 2024-12-20 00:00:00

The government of Japan will provide 500 million yen, equivalent to approximately Tk 386.30 million, as a grant to a primary education development project titled "The Fourth Primary Education Development Programme" (PEDP-4).The government of Bangladesh signed an agreement with the...

Realtors seek DAP amendment

FE REPORT | 2024-12-20 00:00:00

The country's realtors could not meet huge demand for flats in the capital as they were facing different challenges, industry people told a programme on Thursday.They also said the latest Detailed Area Plan (DAP) 2022-2035 has been one of the...

Bayern's Kane likely to return against Leipzig

2024-12-20 00:00:00

Bayern Munich's leading goalscorer Harry Kane is on track to return from injury in today (Friday)'s Bundesliga clash with RB Leipzig at home, coach Vincent Kompany said on Thursday, reports Reuters.Kane, who has scored 14 goals in 12 league appearances...

Tigresses suffer 8-wicket loss to India in Super Four opener

2024-12-20 00:00:00

Bangladesh endured an eight-wicket defeat against India in their Super Four match of the Under-19 Women's T20 Asia Cup Cricket at the Bayuemas Oval in Kuala Lumpur on Thursday, reports UNB.Following the loss, Bangladesh faces a must-win scenario against Nepal...

India to play Champions Trophy on neutral ground, not in Pakistan

2024-12-20 00:00:00

KARACHI, Dec 19 (Agencies): India will play next year's Champions Trophy matches on neutral ground after refusing to visit tournament host and arch-rival Pakistan, the International Cricket Council (ICC) said on Thursday following weeks of wrangling.The announcement ended a month-long...

Khulna secure playoff spot against Chattogram

2024-12-20 00:00:00

After a string of underwhelming performances, experienced batter Mohammad Mithun and Imrul Kayes stepped up when it mattered most, guiding Khulna Division to the playoffs of the National League T20 in Sylhet, report agencies.Mithun, who had scored just 58 runs...

Sale of winter clothes on rise as chill grips Jashore

2024-12-20 00:00:00

BENAPOLE, Dec 19 (UNB): The sale of winter clothes has increased at shops and different markets in Jashore town as cold has tightened its hold in the region for the last few days.According to the Bangladesh Metrological Department, the temperature...

Lalmonirhat Railway Hospital limping along with shortage of physicians

2024-12-20 00:00:00

LALMONIRHAT, Dec 19 (BSS): Lalmonirhat Railway Hospital faces acute shortage of doctors, nurses, pharmacists, medical technicians and other staff, hampering its medical service to the people and railway men.Sources said currently, indoor medical services of the hospital are about to...