NEW DELHI, June 9 (AFP): India's Prime Minister Narendra Modi was sworn in on Sunday for a third term after worse-than-expected election results left him reliant on coalition partners to govern.Modi, flanked by officials from his Hindu-nationalist party and leaders...
REZAUL KARIM | 2024-06-10 00:00:00
An action plan is being framed to execute Bangladesh's maiden tariff policy focused on devising tariff structures that promote investment and competitive domestic production line. Sources say Bangladesh Trade and Tariff commission (BTTC) will prepare a draft action plan on...
DOULOT AKTER MALA | 2024-06-10 00:00:00
Any loan disbursed to its directors by a company, be it publicly listed or non-listed, will be considered their taxable income under provision of the proposed budget for the fiscal 2024-25. The Finance Bill 2024 provides that if a company...
LONDON, June 9 (Reuters): Gold prices are expected to hit another record high this year despite a dip in physical demand, consultancy Metals Focus said, as interest rate cuts arrive against a backdrop of US-China tensions and conflict in Ukraine...
KUALA LUMPUR, June 9 (Reuters): China's ByteDance, parent of social media app TikTok, plans to invest around 10 billion ringgit ($2.13 billion) to set up an artificial intelligence hub in Malaysia, the country's trade minister said on Friday.As part of...
Jiban Bima Corporation (JBC), the state-owned life insurance provider, and the United Commercial Bank Plc (UCB) signed a bancassurance agreement at a city hotel recently. The agreement was signed in presence of JBC's Managing Director (Additional Secretary) Md Muhibuzzaman and...
The newly elected office-bearers of the Tour Operators Association of Bangladesh (TOAB) for the tenure 2024-26 officially took charge of the association.The TOAB Board of Directors led by its President Md. Rafeuzzaman formally took charge from the Immediate Past President...
Walton, a super brand in refrigerator sector, introduced the artificial intelligent system 'AI Doctor' feature in IoT (Internet of Things)-based smart fridge for the first time in Bangladesh.The 'AI Doctor' feature was invented by the team of Walton Research and...
FE REPORT | 2024-06-10 00:00:00
ICT industry leaders have urged the government to provide policy support aimed at achieving self-reliance in this sector.The business leaders from the information and communication technology (ICT) sector also expressed gratitude and thanks to the Prime Minister for extending the...
Bangladesh Bidi Sramik Federation held a discussion on the proposed budget for the 2024-25 fiscal year at the Jatiya Press Club in the city on Sunday, says a press release.The leaders of the federation hailed the proposed budget and thanked...
MADRID, June 09 (AFP): Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.The three nations had to...
LONDON, June 09 (Reuters): The United Nations world food price index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed drops in prices for sugar and vegetable oils.The UN Food and Agriculture Organization's...
WASHINGTON, June 09 (AFP): The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic...
Financial Literacy Wing of Shariah-based Union Bank PLC has organised a campaign on 'Use and Benefits of Digital Transactions' at Ukhiya Branch of the bank in Cox's Bazar recently. SVP and Head of Branches Operation & Control Division and Financial...
Agrani Bank Training Institute (ABTI) arranged a day-long training course on 'Suit Management' in Dhaka on Sunday. Md Mushedul Kabir, CEO of Agrani Bank PLC, inaugurated the programme and conducted a session. ABTI Director and Deputy Managing Director Md Rajaul...
Janata Banks arranged Branch Managers' Conference in Rajshahi on Friday. The bank's MD Md Abdul Jabbar delivered a speech as the chief guest. Arun Prakas Biswas, general manager of Rajshahi Divisional Office of the bank, presided over the programme. The...
Sonali Bank PLC Chief Executive Officer Md Afjal Karim speaks at a workshop on 'Integrity Action Plan' at Bangladesh Institute of Capital Management auditorium in Dhaka on Sunday. The Financial Institutions Division (FID) of the Finance Ministry organised the workshop...
Bangladesh Accreditation Board held a colourful rally at Motijheel in Dhaka on Sunday, marking the 'World Accreditation Day 2024'. Zakia Sultana, Senior Secretary, Ministry of Industries, led the rally. Director General of Bangladesh Accreditation Board Md Anwarul Alam joined the...
IPDC Finance observed the World Environment Day 2024 by spearheading a nationwide tree plantation drive, which included distribution and plantation of various kinds of plants across Bangladesh. The distribution and plantation activities took place across multiple locations, from urban centres...
Midland Bank PLC (MDB) signed an MoU with Mana Bay Water Park, one of the most exciting water park in Bangladesh. Salim Khan Surattee, Assistant Vice President of Mana Bay Water Park, and Md Rashed Akter, Head of Retail Distribution...
SM Shahidullah has been appointed as the Chief Executive Officer (CEO) of Crystal Insurance Company Limited (CICL), says a press release. Mr. Shahidullah started off his career at Eastland Insurance Company Limited in 1989 and later worked with several other...
GPH ispat Ltd held a seminar titled 'Country's only high strength and high performing steel GPH Quantum B600C-R & B600D-R: Improving earthquake resilience' for structural engineers at a convention hall at Rajshahi recently, says a press release.The seminar covered a...
OSLO, June 8 (Reuters): Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated...
DUBAI, June 9 (Reuters) - Saudi Aramco's shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.The shares opened at 27.95 riyals a share, after closing the previous session on...
BENTONVILLE, Arkansas June 8 (Reuters) : Retail giant Walmart says it is against putting panic buttons in stores - a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe.On Friday,...
Islami Bank Bangladesh inaugurated its 395th branch at Badarganj of Rangpur on Sunday (June 9, 2024). Mohammed Monirul Moula, managing director of the bank, inaugurated the branch as chief guest. Ahsanul Haque Chowdhury Tutul, mayor of Badarganj municipality; Muhammad Qaisar...
Prime Bank, a leading second generation local commercial bank in Bangladesh, has recently signed an agreement with Evercare Hospital Dhaka at the bank's Gulshan corporate office. Under the agreement, Evercare Hospital will provide special healthcare packages to priority customers of...
Premier Bank as the lead bank recently organised a daylong workshop on "Prevention of Money Laundering and Combating the Financing of Terrorism" under a programme of Bangladesh Financial Intelligence Unit (BFIU) for the officials of commercial banks operating in Sirajganj...
FE REPORT | 2024-06-10 00:00:00
The capital market watchdog allowed two IT companies to collect Tk 100 million as capital by issuing common shares to the stock market.Among the two companies, Brain Station 23 is engaged in software development, web hosting and related services, IT...
FE REPORT | 2024-06-10 00:00:00
The stock market regulator has fined four individual investors, a company's chairman & directors and two brokerage firms Tk 8.30 million in total for violating the securities rules and manipulating stock prices.The Bangladesh Securities and Exchange Commission (BSEC) slammed the...
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