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India's SpiceJet flies empty in Dubai in 2nd disruption this month

2024-08-30 00:00:00

BENGALURU, Aug 29 (Reuters): India's SpiceJet had to operate empty flights from Dubai as passengers were not allowed to check in due to the airline's unpaid airport dues, The Hindu daily reported on Thursday, marking at least the second such...

Gold prices dip as traders await US inflation data for Fed rate cut cues

2024-08-30 00:00:00

SINGAPORE, Aug 29 (Reuters): Gold prices fell 1 per cent on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the US interest rate cuts this year.Spot gold fell 1 per cent to...

A BICDA delegation headed by its President Nurul Qayyum Khan met new CPA Chairman Rear Admiral S.M. Muniruzzaman

2024-08-30 00:00:00

A BICDA delegation headed by its President Nurul Qayyum Khan met new Chittagong Port Authority (CPA) Chairman Rear Admiral S.M. Muniruzzaman on Tuesday. They discussed overall development of port and export - import operation to gear up national economy.

PRAN Spice, the renowned spice brand in the country, signed a deal with Chef's Federation of Bangladesh

2024-08-30 00:00:00

PRAN Spice, the renowned spice brand in the country, signed a deal with Chef's Federation of Bangladesh on Wednesday to enhance the nation's culinary industry. Naser Ahmed, Executive Director of PRAN Spice, and Habibur Rahman Johir, President of Chef's Federation...

Oil prices gain as Libyan supply woes counter modest US stock draw

2024-08-30 00:00:00

LONDON, Aug 29 (Reuters): Oil prices edged higher on Thursday, after two losing sessions, as concerns over Libyan supplies helped offset a smaller than expected draw in US crude inventories, which tempered demand expectations.Brent crude futures were up 51 cents,...

Major Gulf markets fall on regional tensions

2024-08-30 00:00:00

Major stock markets in the Gulf fell in early trade on Thursday due to rising geopolitical tensions in the region, while investors await US weekly jobless claims data to gauge the health of the labour market, reports Reuters.In the Middle...

Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO

2024-08-30 00:00:00

NEW DELHI, Aug 29 (Reuters): Hyundai Motor, long the most successful foreign automaker on Indian roads, is hoping to regain market share from increasingly formidable domestic rivals by launching a series of new SUVs as it gears up for a...

As it reins in wasteful investment, China frets over growth

2024-08-30 00:00:00

BEIJING/HONG KONG, Aug 29 (Reuters): China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure investment, fuelling talk that such funds could be used in other areas to stimulate growth back towards...

Egypt unveils 84 new investment opportunities

2024-08-30 00:00:00

RIYADH, Aug 29 (Arab News): More than 48,000 hotel rooms are set to be added to Egypt's hospitality industry as part of 84 investment opportunities unveiled by the General Authority for Tourism Development.The expansion, which will also see an additional...

India's Paytm gets govt nod for investment in payments arm

2024-08-30 00:00:00

BENGALURU, Aug 29 (Reuters): India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday.One 97 Communications, popularly known as Paytm, has been under the scrutiny of...

Huawei sees first-half earnings surge on smartphone renaissance

2024-08-30 00:00:00

SHENZHEN, Aug 29 (Reuters): Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite US sanctions.Net profit for January to June...

China opens probes on EU products following EV tariffs

2024-08-30 00:00:00

BEIJING/LONDON, Aug 29 (Reuters): China has opened an anti-subsidy probe into imported dairy products from the European Union, stepping up tension with the bloc a day after Brussels released its revised draft decision related to tariffs on China-made electric vehicles.Below...

Officials of SICIP of Finance Ministry donate Tk 0.3m to CA’s Relief Fund

2024-08-30 00:00:00

Officials and Consultants of the Skills for Industry Competitiveness and Innovation Programme (SICIP) of Finance Division, Ministry of Finance have donated Tk 0.3 million to the Chief Adviser’s Relief Fund for flood victims in the city recently, says a press...

Profits decline as Qantas looks to win back angry customers

2024-08-30 00:00:00

SYDNEY, Aug 29 (AFP): Australian airline Qantas reported on Thursday a slide in net profit as post-Covid fares dropped, and said it was working to rebuild its reputation after a string of public scandals.Net profit fell 28 per cent to...

Apple eyes bigger slice of India's streaming

2024-08-30 00:00:00

BENGALURU, Aug 29 (Reuters): Apple is tying up with India's Bharti Airtel to offer the telecom firm's premium customers its music and video streaming services for free, giving the US giant access to thousands of consumers in the world's most...

Jamuna Bank Foundation supports Flood-hit communities

2024-08-30 00:00:00

Jamuna Bank Foundation has been actively supporting flood-affected communities across the country since the onset of the devastating floods. Demonstrating its unwavering commitment to social responsibility, the foundation has undertaken several initiatives to provide relief to those in need. In...

Al Arafah ISLAMI Bank opens 223rd branch in Narayanganj

2024-08-30 00:00:00

Al-Arafah Islami Bank (AIB) PLC has opened its 223rd branch at Shibu Market in Narayanganj on Thursday. Director of the bank Hafez Md Enayet Ullah inaugurated the new branch as the chief guest. Deputy Managing Director Md Abdullah Al Mamun...

Humaira Azam new MD of LankaBangla Finance

2024-08-30 00:00:00

Humaira Azam has recently joined as Managing Director (MD) of LankaBangla Finance PLC, says a press release.Humaira Azam, a distinguished leader with 34 years of experience in the financial industry, is known for her exceptional ability to drive business turnarounds...

BRAC Bank provides Tk 10m for the injured in student movement

2024-08-30 00:00:00

BRAC Bank disbursed Tk 10m to 414 individuals who had been injured in the recent Anti-Discrimination Student Movement.Earlier, the bank announced a Tk 20 million from its Corporate Social Responsibility funds to support the treatment of the injured. The recent...

Standard Chartered Saadiq recognised as Bangladesh's best Islamic bank

2024-08-30 00:00:00

Standard Chartered Saadiq, which provides a wide range of Shariah compliant Islamic banking solutions in Bangladesh, has been recognised as Bangladesh's "Islamic Bank of the Year", along with "Best Islamic SME Bank" and "Best Islamic Retail Bank" at The Asset...

Premier Bank donates Tk 10m for flood victims

2024-08-30 00:00:00

Premier Bank, with participation from its employees, has donated Tk 10 million to the chief adviser's Relief and Welfare Fund formed to assist the victims of severe floods in various districts of Bangladesh. This assistance to the flood victims reflects...

MTB COLLABORATES WITH BDRCS TO HELP THE FLOOD-AFFECTED

2024-08-30 00:00:00

Mutual Trust Bank (MTB), as a part of its proactive emergency response towards the underprivileged community, has recently collaborated with Bangladesh Red Crescent Society (BDRCS) to help flood-affected people in the eastern part of the country. With the situation worsening...

SOCIAL ISLAMI BANK FORMS NEW BOARD

2024-08-30 00:00:00

Social Islami Bank recently formed a new board and its first meeting was held on Wednesday at the bank's head office to safeguard depositors' interest and ensure good governance. Dr. M. Sadiqul Islam, professor of the Department of Finance at...

President urges Kuwait to recruit more manpower from BD

2024-08-30 00:00:00

President Mohammed Shahabuddin urged Kuwait to take more skilled and semi-skilled manpower from Bangladesh, reports UNB.He made the call when Kuwaiti Ambassador in Bangladesh Faisal Mutlaq H Al Adwani met the President at Bangabhaban on Thursday.During the meeting, the President...

What does DSE's abnormally high P/E ratio tell us about stocks?

FE REPORT | 2024-08-30 00:00:00

The ceramic sector has the highest P/E (price earnings) ratio among all sectors listed on the bourses, with latest financial results and stock prices taken into consideration.The P/E ratio, which measures stock price relative to earnings per share (EPS), is...

BO accounts of 5 ex cabinet members to be frozen

FE REPORT | 2024-08-30 00:00:00

The securities regulator has ordered freezing of BO (beneficiary owner's) accounts of five former cabinet members, a lawmaker and their family members.The individuals, whose BO accounts will be frozen, include former home minister Asaduzzaman Khan Kamal, his wife Lutful Tahmina...

Stocks exuberant as liquidity worries ease

FE REPORT | 2024-08-30 00:00:00

Stocks moved up on Thursday, with the prime index of the Dhaka bourse crossing the 5,800 mark after two weeks, despite the removal of all special measures to control price movement. The Bangladesh Securities and Exchange Commission (BSEC) changed the...

Weather (2024-08-30)

2024-08-30 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Mymensingh, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Friday), according to the Met Office.It...

Join office by Sept 1 or face action

2024-08-30 00:00:00

Newly-appointed Vice-Chancellor (VC) of National University (NU) Professor ASM Amanullah has ordered the teachers, officers and employees of the university and all its affiliated colleges and institutions to be present at their respective workplaces by September 01, reports UNB.Departmental action...

ICOM calls for protecting BD's cultural heritage

2024-08-30 00:00:00

International Council of Museums (ICOM) has expressed deep concern over the ongoing crisis in Bangladesh, which has led to the destruction of invaluable cultural heritage sites and museums, reports UNB.Reports from ICOM-Bangladesh of arson, vandalism, and deliberate damage to significant...