FE REPORT | 2024-07-31 00:00:00
A platform of eminent citizens made an 11-point demand, including unconditional release of the six coordinators of the quota-reform movement from the custody of plainclothes police within 24 hours.Throwing their weight behind the now muted massive student protests, the platform,...
MONIRA MUNNI | 2024-07-31 00:00:00
American fashion companies are actively diversifying their apparel- sourcing base and exploring opportunities especially in India amid growing risks and market uncertainty in Bangladesh, says a latest US study.It cites shipping delays and supply-chain disruptions and 'managing geopolitics and other...
FE REPORT | 2024-07-31 00:00:00
American agency S&P has relegated Bangladesh's long-term creditworthiness ratings to "B+" from "BB-" on grounds of elevated external vulnerabilities coupled with latest domestic sociopolitical situations.The US global credit-rating agency lists the downside risks and says Bangladesh's external profile remains under...
Tanvir Ahmad | 2024-07-31 00:00:00
In the face of escalating climate crises, the imperative to climate-proof our economy has never been more pressing. The relentless march of global warming, marked by more frequent and severe natural disasters, threatens not just our environment but the very...
In the fast-paced world of finance, the development of cryptocurrency has sparked discussions over regulation. Governments and financial institutions worldwide are grappling with how to strike a balance between the need for innovation and the imperative to maintain financial stability....
In today's fast-paced business environment, a seamless supply chain process is indispensable for success. It entails efficiently management of the flow of goods, services, and information from the point of origin to the point of consumption. To achieve this, companies...
Syed Mansur Hashim | 2024-07-31 00:00:00
It is interesting to see that the government has formed some 37 market monitoring teams to tame inflation of foods at retail markets. The utility of such teams has proved futile so far. What is needed is to identify the...
Despite its efforts to the contrary, the National Board of Revenue (NBR), over the past decade could never succeed in achieving its annual tax collection targets. There was nothing surprising about that since traditionally, the finance ministry in its annual...
AFRA NAWMI | 2024-07-31 00:00:00
When there was no internet, computers, and smartphones, words like ‘digital’ or ‘online’ didn’t exist, and kids had unique plans to entertain themselves. They had spacious houses, courtyards, empty compounds, and terraces. There were countless named and unnamed country games...
DR IMTIAZ AHMED | 2024-07-31 00:00:00
Everything around us is very expensive nowadays, including food. A big chunk of our monthly income is spent on a decent meal. Even essential food items are becoming pricier. Therefore, it might be a good time to rethink our dietary...
TAHSEEN NOWER PRACHI | 2024-07-31 00:00:00
Recently, the whole country faced an internet blackout. An internet blackout is exactly what it reads-no internet for anything, not even the basics, like downloading a movie. For a generation that depends on their mobile phones for almost any kind...
NEW DELHI, July 29 (Reuters): India has declined to accept a European Union proposal to levy higher taxes on its carbon-producing industries, which the 27-nation bloc said it was willing to offset when those products enter its borders, a top...
NEW YORK, July 29(Reuters): US oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.It...
BENGALURU, July 29 (Reuters): Home appliances maker Whirlpool of India beat first-quarter profit estimates on Monday, helped by strong demand for its air conditioners and refrigerators amid hot weather in the country.Whirlpool's India unit posted consolidated net profit of 1.44...
FRANKFURT/GDANSK, July 29 (Reuters): European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of US projects in doubt because of fears over what a potential election victory for Donald Trump could mean...
LONDON, July 29 (Reuters): Tesco, Britain's biggest supermarket group, said on Monday it would continue its share buyback programme with a plan to repurchase shares with a market value of up to 400 million pounds ($515 million).A previous tranche of...
HONG KONG, July 29 (AFP): Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.The upbeat mood comes at the start of...
MUMBAI, July 29 (Reuters): Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India's financial...
TOKYO, July 29 (Reuters): Toyota Motor Chairman Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year, according to an interview published on Monday.Shareholder...
Chairman of Parliamentary Standing Committee on Foreign Affairs and former Foreign Minister Dr AK Abdul Momen has stressed the need for intensifying economic relations and connectivity, both physical and people-to-people to build confidence among the nations which would pave the...
E-commerce brings enormous business opportunities for women as it makes 24/7 business possible. The growth of e-commerce helps the women entrepreneur to generate new ideas and work from home. There is tremendous growth of women entrepreneurs in e-commerce sector, reports...
LafargeHolcim Bangladesh Limited (LHBL), one of the leading building material manufacturers of the country, recently organised a two-day workshop on environment-friendly blocks in Dhaka. A total of 30 engineers participated in the workshop. The workshop was inaugurated by Fakhruddin Mohammad...
The 25thAnnual General Meeting (AGM) of Shari`ah based Standard Bank was held on Monday, 29 July, 2024 at Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka. Mr. Kazi Akram Uddin Ahmed, chairman of the bank presided over the meeting. Vice...
Eastern Bank (EBL), wins Euromoney Best Bank award in two categories: 'Best Bank' and 'Best Bank for Corporate Responsibility' at the prestigious Euromoney Awards for Excellence 2024 held in London recently. EBL is the first Bangladeshi bank to receive the...
FE REPORT | 2024-07-30 00:00:00
Heidelberg Cement's profit plummeted 69 per cent year-on-year to Tk 28 million in April-June quarter this year, thanks to lower sales amid lingering macro-economic challenges.During the time, the Germany-based cement manufacturer's sales plunged 25 per cent year-on-year to Tk 3.41...
FE REPORT | 2024-07-30 00:00:00
DBH Finance's profit rose 3.5 per cent year-on-year to Tk 237 million in the second quarter this year, on the back of the removal of interest rate cap.Earnings per share (EPS) stood at Tk 1.19 for April-June this year, up...
FE REPORT | 2024-07-30 00:00:00
Robi Axiata posted a remarkable 341 per cent year-on-year growth in profit to Tk 1.07 billion in the second quarter this year, supported by higher revenue growth coupled with efficient cost management.The second largest telecom operator registered more than 2.5...
BERLIN, July 29 (Reuters): Germany's Volkswagen and US electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday. There are "no serious competition problems to be feared", Andreas Mundt, head of the Bundeskartellamt,...
MUMBAI, July 29 (Reuters): The Indian rupee fell to a record low on Monday, pressured by month-end corporate dollar demand, although likely intervention from the Reserve Bank of India helped avert further losses.The rupee closed at 83.7275 against the US...
WASHINGTON, July 29 (Reuters): Microsoft investors will have one big question when the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of dollars being spent on artificial intelligence...
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