Karmasangsthan Bank gets first prize of APAKarmasangsthan Bank awarded the first prize for implementation of Annual Performance Agreement (APA) in the 2022-23 Fiscal Year. Secretary of the Financial Institutions Department Abdur Rahman Khan handed over the award to Arun Kumar...
Sonali Bank awarded for outstanding performance in APASonali Bank PLC was awarded for securing the top position among all the government commercial banks in implementing the Annual Performance Agreement in 2022-23. Sonali Bank scored 98.45 out of 100 in the...
The Export Import Bank of Bangladesh PLC has approved a 10 per cent cash dividend for the shareholders for the year 2023, says a press release.The approval was given at the 25th Annual General Meeting (AGM) of the bank held...
The International Monetary Fund (IMF) has welcomed Bangladesh for progress in creating a roadmap to reduce the non-performing loans (NPLs), reports BSS."Priorities should focus on reducing NPLs, implementing risk-based supervision, and enhancing corporate governance. In this context, we welcome the...
MUMBAI, June 27 (Reuters): Indian banks' capital position remains robust, supported by high profits, and their asset quality should further improve through March next year, a report released by the central bank on Thursday showed.Banks' bad loans, or gross non-performing...
FE REPORT | 2024-06-28 00:00:00
Another corporate sponsor of Islami Bank Bangladesh, Bangladesh Islamic Centre announced its decision to sell off its entire holding of 3.4 million shares in the private lender.Islami Bank's share has been stuck at Tk 32.6 each on the Dhaka Stock...
Eastland Insurance gets `AAA' Credit Rating2015 certified credit rating company in Bangladesh Credit Rating & Information Services Ltd has assigned the `AAA' (Triple A) rating to Eastland Insurance Company Limited, a first generation non-life insurance company, for the year 2024-25...
Mutual Trust Bank Launches Bancassurance ServicesMutual Trust Bank proudly announces the launch of its bancassurance services, marking a significant milestone in the banking and insurance sector in Bangladesh. Syed Mahbubur Rahman, managing director & CEO, Chowdhury Akhtar Asif, additional managing...
IFIC Bank Holds 47th AGM IFIC Bank held its 47th Annual General Meeting (AGM) on Thursday. The AGM took place in hybrid mode. The in-person meeting took place at the Officer's Club Dhaka. Presided over by the Chairman of the...
FE REPORTRenata is going to sign an agreement with International Finance Corporation (IFC) for a loan of $60 million so it can overcome the dollar shortage in imports of raw materials.The fund will be received as working capital with a...
Nitol Insurance Company holds 25th AGMThe 25th Annual General Meeting of Nitol Insurance Company Limited was held virtually on June 27. A K M Monirul Hoque, chairman of the company & vice president of Bangladesh Insurance Association (BIA), presided over...
Farhan Fardaus | 2024-06-28 00:00:00
The securities regulator has scrapped the licence of Cosmopolitan Finance as the merchant bank failed to bring a single IPO since its inception in 2010.The sister concern of the country's largest independent power producer Summit Group also did not meet...
LA PAZ, June 27 (BBC): Bolivian police have arrested the leader of an apparent attempted coup, hours after the presidential palace in La Paz was stormed by soldiers.Hundreds of troops and armoured vehicles had taken up position on Murillo Square...
DUBAI, June 27 (AP): A candidate in Iran's presidential election withdrew from the race late Wednesday, becoming the first to back out in order for hard-liners to coalesce around a unity candidate in the vote to replace the late President...
LONDON, June 27 (AP): Dutiful, managerial, a bit dull - Keir Starmer is no one's idea of a firebrand politician.The Labour Party hopes that is just what Britain wants and needs after 14 turbulent years of Conservative rule. Starmer, the...
BSMRAAU has received the recognition of CAAB-approved ANO(AW) Part 147 AMTO certification, says a press release. This certification gives Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University the capability to conduct programmes and hold module examinations for the undergraduate students...
Local Government Engineering Department (LGED) Chief Engineer Md Ali Akter Hossain hands over an Annual Performance Agreement (APA) to LGED's Dhaka-based executive engineer Md Firoz Alam Talukder as the chief engineer signed APAs for the fiscal year 2024-25 with executive...
NEW YORK, June 27 (Reuters): Canada's WestJet Airlines has begun cancelling flights again after a union representing its maintenance engineers rejected a new pay offer and served a second strike notice, the carrier said on Wednesday.WestJet said this action would...
LONDON, June 27 (Reuters): Oil prices edged higher on Thursday as supply disruption risks from rising geopolitical tensions in the Middle East helped to counter demand fears after a surprise build in US stockpiles.Brent crude oil futures gained 70 cents,...
SYLHET, Jun 27 (UNB): Rail communication between Sylhet and the rest of the country resumed after eight and a half hours following the derailment of two bogies of the intercity Paharika train at Katalpur in Fenchuganj.Sylhet Railway Station Manager Md...
KHULNA, June 27 (UNB): A tribunal in Khulna on Thursday convicted a man and sentenced him to death for killing his wife over dowry in 2006.Abdus Salam Khan, Judge of the Khulna Woman and Child Repression Prevention Tribunal-3 handed down...
SUNAMGANJ, June 27 (UNB): Sunamganj city dwellers have been suffering immensely due to frequent power outages and an acute shortage of municipal water supply for the last few days amid scorching heat.Since Tuesday morning, residents in different areas including Betganj,...
Two people were killed in separate road accidents in two districts on Thursday, reports UNBIn Sylhet, a man died and another was injured in a collision between a bus and a private car in Osmaninagar upazila of Sylhet.The incident occurred...
OUR CORRESPONDENT | 2024-06-28 00:00:00
PABNA, June 27: Manifold problems, including inadequate infrastructure, are debilitating academic activities at Pabna University of Science and Technology (PUST) in Pabna.Among the significant problems the one and a half-decade-old seat of learning encountering is shortage of classrooms, laboratories and...
Matiur Rahman | 2024-06-28 00:00:00
Millions of children worldwide lack access to the nutritious and diverse diets they need to thrive. This crisis, known as child food poverty, is fueled by a complex web of factors, including rising inequality, conflict, climate change, and unhealthy food...
Dhaka has suffered from record levels of air pollution in recent weeks, often topping lists of the most polluted cities on the planet. It is very close to reaching "hazardous" levels. According to a 2022 study by the World Bank,...
Freedom fighters are undoubtedly the best and bravest children of this nation. No patriotic citizen disagrees with the special benefits their families deserve. However, the 30 per cent quota in government jobs for the wards of freedom fighters hinders the...
Shiabur Rahman | 2024-06-28 00:00:00
It is very easy for any sensible person aware of the affairs in Bangladesh to get confused about the attitude of the people in power of the country towards corruption. The message of pursuing a 'zero-tolerance policy' on corruption gets...
Nilratan Halder | 2024-06-28 00:00:00
'Fair is foul, and foul is fair, hover through fog and filthy air' -William Shakespeare This is exactly how the world's pre-eminent bard and playwright writing in the 16th and early 17th centuries, exposed the hypocrisy of people, particularly in...
That the International Monetary Fund (IMF) is going to check five high-risk commercial banks of the country about suspected money laundering as part of what it calls 'structural benchmark' seems to align with the efforts of the local authorities to...
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