FHM HUMAYAN KABIR | 2024-07-09 00:00:00
Bangladesh's low-income earners face a painful erosion of their wages due to high inflation, despite some month-on-month income growth over the past year. Analysts say this has left many struggling financially.Real wages decreased by 1.99 percentage points in the just-ended...
FE REPORT | 2024-07-09 00:00:00
A nationwide gas shortage is causing frequent power cuts as around three dozen gas-fired power plants are currently out of operation for a lack of input.Power outages are worst in rural areas, while urban areas are experiencing increased load shedding.Officials...
FE REPORT | 2024-07-09 00:00:00
The Anti-Corruption Commission (ACC) on Monday requested detailed information from the central bank regarding the alleged Tk 33-billion loan fraud of Islami Bank in 2022, according to sources.In response to the allegation, the national anti-graft watchdog formed a three-member committee...
FE REPORT | 2024-07-09 00:00:00
The central bank issued an exit policy for the struggling borrowers who now can avail the facility by paying 10-percent down payment of their outstanding loans.Unlike the loan-rescheduling facility, the loan status of borrowers will not change until the entire...
FE REPORT | 2024-07-09 00:00:00
All roads to central Dhaka were besieged in late afternoon Monday as an all-out anti-quota movement by students crippled countrywide communications, spot reports said. As unrest reigned on roads and rails and university campuses, five ministers and state ministers sat...
BEIJING, Jul 8 (UNB): Prime Minister Sheikh Hasina on Monday reached Beijing to start a four-day official visit to China at the invitation of her Chinese counterpart Li Qiang. A special flight of Biman Bangladesh Airlines, that left Hazrat Shahjalal...
SYFUL ISLAM | 2024-07-09 00:00:00
Hefty interest payments on growing debts prompt the government to go for fundraising with Sukuk worth Tk 50 billion to supplement traditional bonds that are getting costlier by the day for high yields, sources say. Interest rates on conventional bonds...
TOKYO, July 08 (Reuters): The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress toward durably achieving its 2 per cent inflation target.The optimistic...
NEW YORK, July 08 (Reuters): Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major's second-quarter earnings.The oil major would be reporting its first earnings after closing the acquisition of Pioneer...
Asadul Haque Sufyani has joined Metrocem Cement Ltd as its Chief Business Officer recently. Managing Director of the company Md Shahidullah, accompanied by the Board of Directors and top management, welcomed him at the corporate office. Previously, Mr. Sufyani has...
A 16-day course on the 'Advanced Course on Credit Operation & Risk Management in Banks' (2nd Batch), organised by National Bank Training Institute (NBTI), was inaugurated at the institute on Sunday. Some 45 officers from different branches of National Bank...
ONE Bank PLC arranged a fire drill at its Corporate Headquarters in collaboration with the Fire Service & Civil Defence Authority recently. All employees have been trained in all types of fire fighting techniques in the fire drill to comply...
Meghna Bank celebrated the success of its half yearly (January-June 2024) closing with a cake-cutting ceremony at its Head Office in Dhaka recently. The bank achieved significant growth in deposit and in other parameters during this period. HN Ashequr Rahman,...
The Financial Integrity and Customer Services Department (FICSD) of Bangladesh Bank in association with Dhaka Bank PLC has organised Customer Awareness Week-2024 in Khulna division for raising banking awareness among customers. S M Hasan Reza, Executive Director, Bangladesh Bank (Khulna...
MUMBAI, July 08 (Reuters): The first budget by Prime Minister Narendra Modi's new government may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note...
DUBAI, July 8 (Reuters): The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed on Monday, as demand...
NEW YORK, July 8 (Reuters): With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger Democratic candidate emerges.Bond yields...
MTB Foundation, as part of its project titled 'Promoting the Life of People by Providing Artificial Limbs and Assistive Devices', recently distributed assistive devices and artificial limbs to persons with disabilities in partnership with the Centre for Disability in Development...
The Premier Bank PLC held its half-yearly conference recently at a city hotel to review the business performance of the first six months of 2024. Heroic Freedom Fighter Dr HBM Iqbal, chairman, board of directors, joined the occasion as the...
Modhumoti Bank PLC has inaugurated a cash recycler machine (CRM) at Gulshan branch in Dhaka. Mr Humayun Kabir, chairman of the bank's board of directors, inaugurated the CRM on Monday. Md Shafiul Azam, managing director and chief executive officer, Shahnawaj...
Social Islami Bank achieved two awards 'Remittance Company of the Year-Bangladesh' and 'Senior Citizen Product Initiative of the Year- Bangladesh'. The awards were conferred by The Asian Banking and Finance, a renowned Singapore-based financial magazine. Zafar Alam, Managing Director &...
ACI Pharma Business held 'Annual Marketing & Sales Conference 2024-25' in Cox's Bazar on Sunday, says a press release. Sales and marketing personnel of the company from across the country attended the programme.M Mohibuz Zaman, Managing Director & CEO, ACI...
The 63rd Annual General Meeting (AGM) of the Bangladeshiyo Cha Sangsad (BCS) or Bangladesh Tea Association (BTA), the representative organisation of the owners of tea estates in Bangladesh, was held at Gulshan Club in Dhaka recently, says a press release.The...
FE REPORT | 2024-07-09 00:00:00
The struggling Samata Leather Complex has reported a loss of Tk 0.21 million for July-September last year amid a shortage of working capital.Samata Leather, a producer and exporter of crust and finished leather products, published its first quarter (Q1), FY24...
BABUL BARMAN | 2024-07-09 00:00:00
Foreign stakes in leading companies have continued falling as overseas investors have dumped their holdings since the removal of floor price in January mainly due to the sharp devaluation of the local currency against the dollar.The country's net foreign portfolio...
LONDON, July 8 (Reuters): Robusta coffee futures on ICE rose sharply on Monday, buoyed by supply tightness driven by slow exports from Vietnam and strong demand, while sugar prices were also higher.September robusta coffee rose 3.6 per cent to $4,334...
India's fuel consumption rose by 2.6 per cent year-on-year to 19.99 million metric tons in June from a year earlier, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday, reports Reuters.India is the world's...
HAMBURG, July 8 (Reuters): Chicago wheat futures fell on Monday on expectations that dry, hot weather will enable good US harvesting progress and a steadier dollar also generated bearish sentiment.Soybeans and corn also fell on expectations the US Department of...
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