FE REPORT | 2024-08-22 00:00:00
At least three more complaints were lodged with the investigation agency of the International Crimes Tribunal in Dhaka on Wednesday accusing the recently ousted premier, Sheikh Hasina, and several others.Charges of crimes against humanity and genocide perpetrated during the student-led...
FE REPORT | 2024-08-22 00:00:00
Bangladesh Bank (BB), the country's central bank, has appointed an administrator for the mobile financial service (MFS) provider Nagad, as stated in a circular issued on Wednesday.Muhammad Badiuzzaman Dider, a director of Bangladesh Bank's Chattogram office, has been appointed as...
JASIM UDDIN HAROON | 2024-08-22 00:00:00
Government debt had accumulated to Tk 16.97 trillion until March 2024 in an increase by Tk 840 billion or 5.0 per cent year on year, as Bangladesh grapples to meet its fiscal deficits. The sharp rise in government debts signals...
SAJIBUR RAHMAN | 2024-08-22 00:00:00
The Agrani Bank with conditional approval of the Bangladesh Bank has recently rescheduled a substantial volume of loan belonging to Orion Pharma, a major manufacturing concern of the Orion Group, in violation of rules and regulations. Neither Agrani nor BB...
SYFUL ISLAM | 2024-08-22 00:00:00
A "whitepaper" unveiling the state of economy in six priority areas, including public finance, inflation, and food management, will be published following a decision of the interim government's advisory council.To be published in next ninety days, the whitepaper will portray...
FE REPORT | 2024-08-22 00:00:00
Nine districts of the country have been flooded due to heavy rains and onrush of water from the upstream, the Ministry of Disaster Management and Relief announced on Wednesday. The affected districts are Sunamganj, Moulvibazar, Habiganj, Feni, Chittagong, Noakhali, Comilla,...
FE REPORT | 2024-08-22 00:00:00
Bangladesh Bank (BB) has decided to dissolve the board of directors of the Islami Bank Bangladesh PLC, and reconstitute it within a couple of days."The board will be dissolved and independent directors will be appointed within two days," Governor Dr...
M AZIZUR RAHMAN | 2024-08-22 00:00:00
Indian oil and gas exploration company ONGC Videsh Ltd (OVL) is set to abandon its hydrocarbon exploration efforts in two Bangladeshi offshore gas blocks after a decade of operations.OVL -- the sole international contractor assigned to delineate hydrocarbons in Bangladesh's...
Most major stock markets in the Gulf rose in early trade on Wednesday as investors awaited US economic data and speeches from policymakers that are expected to make the case for rate cuts, reports Reuters.Preliminary revisions to US labour data...
RIYADH, Aug 21 (Arab News): Saudi Arabia's National Debt Management Center has completed its riyal-denominated sukuk issuance for August at SR6.018 billion ($1.6 billion), representing an 87.22 percent rise compared to July. The figure was the third highest this year,...
The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan's yen, reports...
NEW DELHI, Aug 21 (Reuters): India's commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector's rapid rise should not disrupt millions of brick-and-mortar stores operating in the country.Amazon and Walmart's Flipkart have reshaped...
GENEVA, Aug 21 (AFP): Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.The Swiss National Bank said around 60 financial institutions were now...
National Finance Ltd (NFL) and InnStar Limited have recently signed an MoU whereby Home Loan customers of InnStar will now get preferential rate and service. Irteza Ahmed Khan, Managing Director, Emon Ahmed Khan, Vice President and Head of Business, Kopil...
The 2nd meeting of the Risk Management Committee of Takaful Islami Insurance Limited was held in Dhaka city on Tuesday. The Chairman of Risk Management Committee Md Humayun Kabir Patwary presided over the meeting which was attended by committee members...
The 38th Annual General Meeting of Phoenix Insurance Company Ltd. was held through a digital platform in the capital on Monday. The meeting was presided over by the Chairman of the Company Mohammed Shoeb. Vice Chairman Manzoorul Haque, Directors Mazharul...
Bangladesh Krishi Bank (BKB) organised a virtual business review meeting at Board room of the bank's head office on Monday. The Managing Director of the bank Md. Shawkat Ali Khan presided over the meeting. Deputy Managing Directors of the bank...
Southeast Bank recently organised a Foundation Training Course for its newly appointed 37 Probationary Officers. Managing Directo Mr Nuruddin Md. Sadeque Hossain of the bank concluded the training program with his valuable speech as closing remarks. Deputy Managing Director (DMD)...
'Premier Bank Quick Account' is the latest addition to Premier Bank's digital services, enabling users to instantly open a bank account with just a few clicks. Mohammad Abu Jafar, managing director (MD) and chief executive officer of the bank, officially...
The Ministry of Finance has accepted Sonali Bank Chairman Ziaul Hasan Siddiqui's resignation and cancelled the appointments of Grameen Bank Chairman AKM Saiful Majid and the Chairman of Palli Sanchay Bank Akram Al Hossain and Managing Director (MD) Sheikh Md....
FE REPORT | 2024-08-22 00:00:00
The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday formed two separate committees to look into the affairs of the bourses.The four-member committees have been asked to submit a report to the commission within 20 working days.Preferring anonymity, a senior...
State-run Petrobangla owes Chevron Bangladesh about $260 million in unpaid dues for purchasing gas from its Bibiyana and other gas fields, official sources said, reports UNB.The sources said this week that Petrobangla purchases about $50 million worth of natural gas...
Prominent businessman & social worker Lion Mohammed Abdul Aziz has been elected as the chairman of Standard Bank.The board of directors of the bank unanimously elected Mr Aziz as the Chairman at the 396th Board Meeting of the bank held...
Mohammad Mufazzal and Farhan Fardaus | 2024-08-22 00:00:00
S Alam Group and its associates took out loans from Islami Bank ten times its equity whereas a single party or group should not be given more than 25 per cent of a bank's capital in loans. The Bangladesh Bank...
ISTANBUL, Aug 21 (Reuters): Turkey's central bank held interest rates steady at 50 per cent for a fifth straight month on Tuesday as expected, and repeated it remains vigilant to inflation risks even as it expects disinflation to continue.In a...
SHANGHAI, Aug 21 (Reuters): China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million yuan loss a year earlier as it continues to build back...
LONDON, Aug 21 (AFP): UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.Finance minister Rachel Reeves...
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores, reports Reuters.Shares of the Minneapolis-based retailer rose 13.8...
Bengal Commercial Bank PLC (BGCB) held its 32nd meeting of the Board of Directors at the bank's Head Office in Gulshan, Dhaka, on Wednesday. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Mahbubul Alam and Ghulam Mohammed...
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