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PRIME BANK, FOOTSTEP BANGLADESH AGREE TO PROVIDE SAFE WATER,CLEAN ENERGY UNDER CSR

2024-12-02 00:00:00

Prime Bank has signed an agreement with Footstep Bangladesh to install water filtration system in eight govt. public schools in Chattogram and solar panels in 100 fisherman's households in Cox's Bazar as part of its corporate social responsibility initiative. Md....

ISLAMI BANK RECOGNISED AS HIGHEST REMITTANCE RECIPIENT BANK

2024-12-02 00:00:00

Islami Bank Bangladesh received 'Top Remittance Receiver Bank Award 2024' at the 'Bangladesh Remittance Fair' organised in New York of United States (US). Raihanul Islam Chowdhury, senior vice president of the Bangladesh-USA Chamber of Commerce and Industry, handed over the...

MERCANTILE BANK HOLDS AML CONFERENCE - 2024

2024-12-02 00:00:00

Mercantile Bank held its Anti Money Laundering (AML) Conference-2024 at FARS Hotel and Resorts, Dhaka on Saturday. A. K. M. Ehsan, executive director of Bangladesh Bank, spoke on the occasion as the chief guest while Md. Mostakur Rahman, director, Bangladesh...

SOUTHEAST BANK, ABC INTERNATIONAL BANK HOLD BUSINESS MEETING

2024-12-02 00:00:00

Southeast Bank recently hosted a business meeting with ABC International Bank, Bahrain, at the head office of the Southeast Bank. The meeting focused on reviewing existing relationship between two institutions and exploring opportunities for mutual collaboration and growth. Mr. Nuruddin...

Sinha Securities asked to resolve CCA deficit to get its licence back

FE REPORT | 2024-12-02 00:00:00

The securities regulator instructed the chairman of Sinha Securities to fill deficits in its consolidated customers' account (CCA) by selling her shares of ACME Laboratories.As per a regulatory order, sponsor and chairman of Sinha Securities Parveen Akhter will have to...

Equity market controlled by influential frauds during Hasina's regime: White Paper

FE REPORT | 2024-12-02 00:00:00

Trillions of money was embezzled from the stock market through fraud, manipulation, placement shares, and IPOs, according to the final draft of White Paper on the state of the Bangladesh economy.Powerful investors and institutions artificially inflated share prices through serial...

China Nov factory activity expands as Trump threats loom

2024-12-02 00:00:00

BEIJING, Dec 01 (Reuters): China's factory activity expanded modestly for a second straight month in November, an official survey showed, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world's second-largest economy...

EU safety agency lifts ban on PIA after four years

2024-12-02 00:00:00

ISLAMABAD, Dec 1 (Reuters): The European Union Aviation Safety Agency has lifted its ban on Pakistan International Airlines (PIA) from operating in the bloc, it said on Friday.EASA suspended PIA's authorisation to operate in the EU in June 2020 over...

Trump threatens BRICS nations with 100pc tariff if they undermine US dollar

2024-12-02 00:00:00

WEST PALM BEACH, Fla, Dec 01 (AP): President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.His threat was directed at countries in the BRICS alliance, which consists...

Black Friday Sale: US shoppers spent $10.8b online

2024-12-02 00:00:00

US shoppers used their mobile phones, laptops, desktops and other devices to make roughly $10.8 billion in purchases online on Black Friday, an updated tally from Adobe Analytics showed, reports Reuters.Black Friday, the day after the US Thanksgiving holiday, marks...

Trump's tariffs could cost carmakers up to 17pc of combined core profits: S&P

2024-12-02 00:00:00

European and American carmakers are set to lose up to 17 per cent of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of...

Alliance Finance holds workshop on sustainable finance strategy

2024-12-02 00:00:00

Alliance Finance PLC organised a workshop on 'Sustainable Finance Strategy and Sustainability Plan' recently at its Head Office at Gulshan for its employees. Morshed Millat, Faculty Member of BIBM and former Director, Sustainable Finance Department of Bangladesh Bank, conducted the...

Toggi Shipping, Bashundhara Multi Trading Awarded

2024-12-02 00:00:00

Toggi Shipping and Logistics Limited (TSLL), a business wing of Bashundhara Group, has been awarded as the highest revenue contributor to Mongla Port, one of Bangladesh's major seaports. In fiscal year 2023-2024, TSLL managed approximately 50 mother vessels at Mongla...

SEMINAR ON 'PHYSICS EDUCATION IN THE SECONDARY LEVELS'

2024-12-02 00:00:00

Bangladesh Physical Society organised a seminar titled 'Physics Education in the Secondary and Higher Secondary Levels' at the Atomic Energy Centre in Dhaka on Saturday. Prof Dr M Aminul Islam, Special Assistant to the Education Adviser, was present as the...

Banglalink signs MoU with SBAC Bank

2024-12-02 00:00:00

Innovative digital operator Banglalink has recently signed a Memorandum of Understanding (MoU) with South Bangla Agriculture and Commerce Bank PLC. Under this agreement, Banglalink will be offering ICT solutions including SMS broadcast and voice connections (corporate connectivity), which will help...

BANGLADESH COMMERCE BANK RELOCATES MIRPUR BRANCH

2024-12-02 00:00:00

Bangladesh Commerce Bank Limited has relocated its Mirpur Branch to its new address -- Maa Plaza, Mirpur-1, Shah Ali. Chairman of the Board of Directors Md Ataur Rahman inaugurated the relocated branch as the chief guest. Chairman of the Board...

410th Board meeting of Al-Arafah Islami Bank held

2024-12-02 00:00:00

The 410th board meeting of Al-Arafah Islami Bank PLC was held on Sunday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were taken...

BKASH PAYMENT NOW AVAILABLE AT BALAKA LOUNGE OF AIRPORT

2024-12-02 00:00:00

Passengers using bKash now have the opportunity to access the exclusive amenities of the Balaka Executive Lounge at Hazrat Shahjalal International Airport. Whether it's a pre-flight relaxation or a layover, passengers can conveniently pay for services using bKash payments. In...

NRBC Bank opens Shariakandi sub-branch

2024-12-02 00:00:00

NRBC Bank PLC has started its banking operations at Shariakandi, Bogra. AKM Mostafizur Rahman, Director and Chairman of the bank's Risk Management Committee, inaugurated the sub-branch as the chief guest on Sunday.

Midland Bank PLC (MDB) inaugurated its Nawabpur Sub-Branch

2024-12-02 00:00:00

Midland Bank PLC (MDB) inaugurated its Nawabpur Sub-Branch and Nawabpur SME Centre at Mazad Sarder Tower-1, Haji Osman Goni Road, Nawabpur, Dhaka, on Sunday. Md Ahsan-uz Zaman, Managing Director & CEO of the bank, inaugurated both the sub-branch and SME...

Walton launches ACC computer brand

2024-12-02 00:00:00

Walton Digi-Tech Industries Limited, a leading technology product manufacturer and exporter in Bangladesh, has officially launched the world-renowned ACC computer brand in the country. ACC is a popular European brand.Walton Digi-Tech will also manufacture and market the new range of...

Govt plans to cut operating expenditures amid economic challenges

2024-12-02 00:00:00

The government has initiated measures to cut operating expenditures in the coming years, aiming to curb the rising trend witnessed in recent years due to various global and domestic challenges, reports UNB.The operating expenditures are projected to account for 58.7...

BB Dy Governor Nurun Nahar removed from 2 key departments

2024-12-02 00:00:00

Deputy Governor of the Bangladesh Bank Nurun Nahar has been removed from two more sensitive key departments of the central bank, reports UNB.On November 28, the Human Resources Department of the central bank issued an order in this regard which...

Spot LNG prices up as colder weather drives demand

2024-12-02 00:00:00

SINGAPORE, Dec 01 (Reuters) : Asian spot liquefied natural gas (LNG) prices gained for a third consecutive week to hit a new high for the year so far as colder weather in the region drove demand.The average LNG price for...

API producers seek low-cost refinancing

FE REPORT | 2024-12-02 00:00:00

Local active pharmaceutical ingredient (API) producers have sought a low-cost refinancing facility, aiming to avail affordable capital for the sector.They have also requested the authorities concerned to expedite the implementation of the API policy 2018 in order to provide the...

Maersk could use 15-20pc alternative fuels for its fleet in 2030

2024-12-02 00:00:00

SINGAPORE, Dec 01 (Reuters): Alternative fuels could account for up to a fifth of A.P. Moller-Maersk's marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.The container...

Germany to build hydrogen network

2024-12-02 00:00:00

LONDON, Dec 01 (Reuters): KfW will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take...

Russia cuts 2025 wheat export quota by two-thirds

2024-12-02 00:00:00

MOSCOW, Dec 01 (Reuters): Russia cut 2025 wheat export quota by two-thirds, hiked wheat export duties and abandoned import quotas for some staple foods on Friday as the government called for new measures to ensure that domestic price growth is...

Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

2024-12-02 00:00:00

SINGAPORE/LONDON, Dec 01 (Reuters): Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries,...

Shadman fifty lifts Tigers to 69-2 on truncated day in final Test

2024-12-02 00:00:00

Poor West Indies catching let Bangladesh off the hook with the visitors closing a curtailed day one of the second and final Test at 69 for two after opting to bat first at Sabina Park in Jamaica on Saturday, reports...