FE REPORT | 2024-07-17 00:00:00
Banks and financial institutions get a binding regulatory order not to continue audit of their operations with the listed audit firms if delisted by the Financial Reporting Council (FRC).Bangladesh Bank (BB) issued Tuesday a circular that says the BB published...
FE REPORT | 2024-07-17 00:00:00
The government on Tuesday filed a leave-to-appeal petition against a High Court verdict that declared illegal a 2018 circular abolishing all job quotas, including that for freedom fighters.Attorney General AM Amin Uddin updated the media on the filing of the...
FE REPORT | 2024-07-17 00:00:00
At least six people were killed and several hundred injured in widespread clashes between ruling-party activists and police and students Tuesday as blockades crippled the country amid students' quota protests.The government deployed paramilitary BGB troops in flashpoints and declared schools...
JASIM UDDIN HAROON | 2024-07-17 00:00:00
A half-yearly monetary policy statement may be announced tomorrow (Thursday) with contractionary stance on money supply as curbing the persisting high inflation continues to influence Bangladesh's financial front.For the first time ever, the central bank is going to unveil the...
BENGALURU, July 16 (Reuters): India's benchmark indexes notched record closing highs on Tuesday, buoyed by gains in heavyweight information technology stocks amid prospects of a US interest rate cut in September and a strong earnings outlook.The NSE Nifty 50 rose...
LONDON, July 16 (Reuters): A major Cambodian payments firm received crypto worth over $150,000 from a digital wallet used by North Korean hacking outfit Lazarus, blockchain data shows, a glimpse of how the criminal collective has laundered funds in Southeast...
NEW YORK/SINGAPORE, July 16 (Reuters): For global investors with money in China's stock markets, the latest economic numbers are not of any comfort and just a reminder that the recovery they are betting on will take a while to happen.Monday's...
DUBAI, July 16 (Reuters): The International Monetary Fund on Tuesday revised downwards Saudi Arabia's economic growth by nearly one percentage point, mainly due to oil production cuts.The revision was the biggest among major economies and dragged down the rest of...
The 3rd meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term 2024 & 2025 was held on Tuesday at its office at Dhanmondi in Dhaka, with its Chairman Md. Rezaul Karim in the chair,...
ANKARA, July 16 (Reuters): Turkey's ruling party sent a bill to parliament on Monday that would lift the minimum pension by 2,500 lira to 12,500 ($378) per month and, as expected, impose a minimum corporate tax on large multi-nationals.The government...
With the global demand for crabs on the rise, expanding crab farming in Bangladesh presents a significant opportunity for the country to boost its export income, experts said at a workshop, reports BSS. Developing this sector requires increased research and...
Midland Bank introduced Online Customer Service Feedback Survey Programme, which will be held on quarterly basis, titled "Feedback & Win". The results of the feedback are being used to improve the service standards and products of the bank. A prize-giving...
Half-yearly performance review meeting-2024 of Mercantile Bank was hold at Hotel Momo Inn Bogura on July 13, 2024. The heads of 16 branches and in-charges of 8 sub-branches of the bank's North Bangal zone participated in the conference. Md. Quamrul...
Prime Bank has signed a Memorandum of Understanding (MoU) with Syngenta Bangladesh Limited at the head office of Syngenta Bangladesh Ltd in Dhaka. Under the agreement, Prime Bank will provide mortgage free overdraft loans up to Tk 1 crore to...
Mutual Trust Bank (MTB) is proud to announce its recognition as the most innovative digital bank-Bangladesh 2024 by International Finance. This prestigious award underscores MTB's commitment to revolutionising the banking landscape through its industry-oriented digital products and services, reads a...
Banglalink, the country's leading digital operator, collaborated with the Institute of Cost and Management Accountants of Bangladesh (ICMAB) to organise a seminar aimed at sharing cross-industry best practices among professionals on ethics and compliance in business operations.This session contributed to...
Niaz Morshed Elite, executive director at Nagad Ltd., has been appointed as the chairman of the Standing Committee on FinTech and Digital Payment at Bangladesh Association of Software and Information Services (BASIS).This appointment reflects Nagad's key role in the fintech...
The 25th Annual General Meeting (AGM) of Trust Bank Limited was held on a digital platform on Tuesday. Maj Gen Md Jubayer Salehin, Vice Chairman of the bank, presided over the meeting. Among others, members of the Board Brig Gen...
FE REPORT | 2024-07-17 00:00:00
LafargeHolcim Bangladesh witnessed a 53 per cent year-on-year decline in profit in the second quarter through June (Q2) this year due to lower sales amid lingering macro-economic challenges.The cement manufacturer's sales dropped 8 per cent year-on-year to Tk 6.16 billion...
FE REPORT | 2024-07-17 00:00:00
Grameenphone's profit dropped almost 28 per cent year-on-year to Tk 8.61 billion in the April-June quarter this year, owing to higher operational costs and foreign exchange loss.The leading telecom company's revenue, however, grew 5.6 per cent year-on-year to Tk 42.2...
WASHINGTON, July 16 (Reuters): US retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by strength elsewhere, a show of consumer resilience that boosts economic growth prospects for the second quarter.The report from...
Islami Bank Training and Research Academy (IBTRA) inaugurated the 159th Internship Programme on Monday. Mohammed Monirul Moula, Managing Director of the bank, inaugurated the programme as the chief guest. Md. Nazrul Islam, Principal of IBTRA, presided over the programme. A...
As a part of its corporate social responsibility, Chuadanga branch, Kushtia branch, Meherpur branch and Moheshpur branch of Shahjalal Islami Bank PLC organised a tree plantation programme on the premises of Victoria Jubilee Government High School in Chuadanga recently. Managing...
As part of its Corporate Social Responsibility (CSR) project 'Bhoroshar Notun Janala', the United Commercial Bank PLC (UCB) has organised a skill development training programme at the Town Club auditorium in Chapainawabganj recently to equip local agri-entrepreneurs with essential skills....
Dr Nalinee Taveesin, Advisor to Thai Prime Minister and Thailand Trade Representative, has said her country will provide necessary support to Bangladesh for the development of tourism sector, reports BSS.A high-level Thai delegation, led by Nalinee Taveesin visited Sabrang Tourism...
IFIC Bank PLC, the largest banking network in the country with more than 1,400 branches and sub-branches, organised a daylong workshop on 'Fake Note Detection and Prevention of its Circulation' at a local auditorium in Khulna on Saturday. Md. Abdul...
ICC Bangladesh and ICC-DSI of International Chamber of Commerce jointly organised a daylong workshop on 'Digitalizing International Trade (DSI) in Bangladesh' in Dhaka recently. State Minister for Finance Waseqa Ayesha Khan (6th from right), inaugurated the Workshop as the chief...
WASHINGTON, July 16 (AFP): The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead.The International Monetary...
LONDON, July 16 (Reuters): Aluminium prices dropped to the lowest in over three months on Tuesday on worries about oversupply, while copper also slumped in the wake of weak economic data from top metals consumer China.Three-month aluminium on the London...
LONDON, July 16 (Reuters): Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues.Spot gold gained 0.8...
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