FE REPORT | 2024-08-23 00:00:00
Five bigwigs initially fall under a crackdown on tax delinquents as the NBR Central Intelligence Cell Thursday sent letters to all financial institutions for furnishing their bank-account information and other financials.In the lineup are Salman F Rahman of Beximco group,...
FE REPORT | 2024-08-23 00:00:00
Interim government Chief Adviser Prof Dr Muhammad Yunus has said Bangladesh is looking for more cooperation on shared rivers and waters with India, as a cataclysmic flood hit the country's southeast.He also sought to have a coordination committee comprising high...
FE REPORT | 2024-08-23 00:00:00
Over three million people remained marooned while households and animals afloat in the worst flooding in Bangladesh's southeast, prompting the just-installed government to deploy security forces for rescue and relief. Reports say a record rain and onrush of upstream water...
LONDON, Aug 22 (Reuters): Donald Trump's potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent industry executives and investors.The Republican presidential candidate has threatened US withdrawal from NATO and...
Most stock markets in the Gulf ended higher on Thursday, after US Federal Reserve minutes signalled interest-rate cuts were set to begin in a few weeks' time, reports Reuters.The Fed appears to be very much on track for an interest-rate...
MUMBAI, Aug 22 (Reuters): Indian state-run companies are poised to raise about 50 billion rupees ($595.61 million) through long-term securities over the next two weeks, as falling government bond yields and reduced state debt supply leave investors starved for opportunities.At...
SINGAPORE, Aug 22 (Reuters): Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with...
MOSCOW, Aug 22 (AFP): Belarus, which has been hit by Western sanctions over its support for Russia's offensive in Ukraine, said Thursday it will sign a free trade deal with China for services and investment.China's Prime Minister Li Qiang was...
BEIJING/SHANGHAI, Aug 22 (Reuters): Ping An Insurance (Group) Co of China reported a 6.8 per cent rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments amid market volatility.The Chinese insurance...
RIYADH, Aug 22 (Arab News): Credit facilities provided by Saudi finance companies saw 12 per cent annual rise in the first quarter of 2024, to reach SR88.6 billion ($23.62 billion), official data has revealed.Figures released by the Saudi Central Bank,...
NEW YORK, Aug 22 (Reuters): The National Highway Traffic Safety Administration said it was closing its preliminary investigation into the hard braking and immobilization issues in 1,194 autonomous ride-hailing vehicles operated by General Motors' Cruise unit.The NHTSA said on Thursday...
SAN FRANCISCO, Aug 22 (AFP): Microsoft on Wednesday lowered its cloud computing unit revenue forecast in a bookkeeping move, shifting money to its "productivity" software business.The accounting change comes as investors are wary about whether the billions Microsoft and tech...
WASHINGTON, Aug 22 (Reuters): Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the unemployment rate and...
LafargeHolcim Bangla-desh Limited (LHBL) has recently organised a seminar titled "Determination & Challenges of Pile Capacity in Liquefiable Soil" in association with Bangladesh Professional Structural Engineer Association (BPSEA) at the Bangladesh University of Engineering and Technology's (BUET) Graduates Club at...
Dhaka Regency Hotel & Resort signed a Memorandum of Understanding (MoU) with Prabashir Helicopter, a leading helicopter service provider, at the latter's head office on Monday. Md. Mahmud Hassan, Director- Sales & Marketing of the hotel, and Byjed Al-Hassan, Managing...
WASHINGTON, Aug 22 (Reuters): US regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and other stiff draft rules for Wall Street banks will be completed at all,...
The 383rd meeting of the Board of Directors of Shahjalal Islami Bank PLC was held on Thursday at the bank's Corporate Head Office. The meeting was presided over by the Chairman Mr A. K. Azad. The board approved a number...
BRAC Bank on Thursday signed a Memorandum of Understanding (MoU) with BRAC Kumon to provide essential financing support for BRAC Kumon franchisees. Deputy Managing Director and Head of SME Banking of BRAC Bank, Syed Abdul Momen, and Chief Business Officer...
NEW YORK, Aug 22 (Reuters): Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits through higher taxes while weighing on consumer staples and boosting solar energy.Harris' nomination is in focus...
FE REPORT | 2024-08-23 00:00:00
The stock market watchdog has taken punitive actions against controversial brokerage house Multi Securities & Services after it barred an inquiry team from entering its premises.The inquiry committee of the Bangladesh Securities and Exchange Commission (BSECB) went for a spot...
MOHAMMAD MUFAZZAL | 2024-08-23 00:00:00
The removal of independent directors from the boards of both the exchanges has been impeding regular operations and made it nearly impossible to form new boards in line with the stipulated rules.The independent directors of both the Dhaka and Chittagong...
GENEVA, Aug 22 (AFP): The Comoros on Wednesday became the 165th member of the World Trade Organization after negotiating terms for 17 years."I am particularly proud to welcome Comoros as the newest member of the WTO," said the organisation's director-general...
Mobile phone operator Robi is providing 20 minutes of free talk-time and 250 megabytes of free internet to provide emergency communication support in flood-hit areas, reports BSS.Robi customers can access this free talk-time and internet by dialling *212*1#, with a...
BEIJING, Aug 22 (AFP): Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption.Baidu, which operates China's top search engine, derives a large part of its sales from...
LONDON, Aug 22 (Reuters): Eurozone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate cuts from the European Central Bank this year.However there were signs the upswing may...
RIYADH, Aug 22 (Arab News): Saudi Arabia's non-oil exports increased by 7.3 per cent in June, reaching SR21.59 billion ($5.75 billion) compared to the same month last year, official data showed. According to data from the General Authority for Statistics,...
BENGALURU, Aug 22 (Reuters): India's business activity extended its robust growth streak in August as a stronger services industry offset a slight slowing in manufacturing expansion, according to a survey that indicated price pressures also were easing.Those findings suggest India...
The Unilever Consumer Limited has stood beside the flood-affected people in Sylhet region with emergency humanitarian assistance. This humanitarian assistance has been provided to some 1000 affected families in Sylhet region to offset the impact on the local economy and...
The 29th Annual General Meeting (AGM) of Al-Arafah Islami Bank PLC. approved 10% Cash Dividend and 5% Stock Dividend for the year ended on 31 December 2023. The AGM was held on Thursday with Chairman of the Bank Salim Rahman...
Jalal Ahmed, former chairman of Petrobangla, has been appointed as the new chairman of the Bangladesh Energy Regulatory Commission (BERC), reports UNB.The government has appointed him to lead the energy regulatory body for the next three years.Jalal's appointment follows the...
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