FE REPORT | 2024-06-03 00:00:00
Bangladesh's remittance inflow surged by over 32 per cent year-on-year in May, offering a much-needed respite to the economy wrestling with a foreign exchange shortage.Confirming the development, Bangladesh Bank (BB) Spokesperson Md Mezbaul Haque said the country received $2.25 billion...
Bangladesh will befriend those countries that help in its journey towards development, says Prime Minister Sheikh Hasina, report agencies.The prime minister made the remarks after handing out awards to the winners of a one-minute video competition titled 'Amar Chokhe Bangabandhu'...
JASIM UDDIN HAROON | 2024-06-03 00:00:00
Spot rates of ocean freight containers to and from Bangladesh have been rising since the start of May, prompting speculation that it may reach the Covid period when it trebled.Top shipping executives in Bangladesh told the FE that this is...
GULAM RABBANI | 2024-06-03 00:00:00
Despite record production in 2023, local tea estates are facing financial strain as a number of commercial tea growers have been forced to shutter businesses in the face of recurring losses.The cause of this crisis is a perfect storm: production...
FE REPORT | 2024-06-03 00:00:00
Focus should be on long-term macroeconomic stability instead of annual growth and prioritising public expenditure but not curtailing social-safety-net annuities, says CPD to show which course development drives ought to steer. The Centre for Policy Dialogue (CPD) also suggests taming...
Around 17,000 people, who were planning to go to Malaysia, failed to go there within the stipulated time, said State Minister for Expatriate Welfare and Overseas Employment Shofiqur Rahman Chowdhury on Sunday, reports UNB.Already a six-member body, headed by additional...
DOULOT AKTER MALA | 2024-06-03 00:00:00
Source tax on bank-interest incomes of public universities and MPO-listed educational institutions may double in the upcoming fiscal, sources said, as the government targets revenue boost to cut budget shortfalls.The tax rate is likely to be hiked twofold to 20...
PARIS, June 2 (AFP): Novak Djokovic avoided crashing to his worst defeat at the French Open in 15 years in the early hours of Sunday morning as title rival Alexander Zverev was also pushed to the limit.Defending champion and 24-time...
LONDON, June 2 (AFP): Real Madrid's record-extending 15th Champions League triumph will leave incoming French superstar Kylian Mbappe licking his lips at what lies ahead for him.The 25-year-old forward has been unable to win the competition with Paris Saint-Germain in...
MADRID, June 2 (AFP) Real Madrid fans had to bite their nails before victory was sealed, but at the end the kings of Europe were back on their Champions League throne on Saturday. For those who could not make it...
The Exim Bank 35th National Women's Handball competition begins today (Monday) at Shaheed Captain M Mansur Ali National Handball Stadium in the city, reports BSS.Bangladesh Handball Federation (BHF) president AKM Nurul Fazal Bulbul formally inaugurated the meet as the chief...
Indonesia is playing the Bangabandhu Cup International Kabaddi for the third time in 2024, reports BSS.Despite never making it to the semifinals, the team was progressively improving in the game and saw the knowledge gained from the prestigious Kabaddi competition...
As expected defending champions Bangladesh cruised in the final in the fourth edition of Bangabandhu Cup International Kabaddi Tournament beating Thailand by 41-18 points with three creditable lonas in the first semifinal held at Shaheed Suhrawardy Indoor Stadium in the...
NEW DELHI, June 02 (PTI): Sri Lanka will rely on its exceptionally varied bowling attack to tame the unrestrained batting power of South Africa in its Group D T20 World Cup opener here on Monday.They will be eager to get...
Bangladesh pace spearhead Shoriful Islam is a doubt for the team's first match of the T20 World Cup after he split the webbing between his index and middle finger while fielding a warm-up in New York on Saturday, report agencies.The...
Cricket West Indies (CWI) is expecting a significant financial boost with the co-hosting of the ICC Men's T20 World Cup 2024. According to reports, the tournament is expected to generate a revenue of approximately US$300 million for the cricket board,...
DALLAS, June 02 (AFP): Aaron Jones struck an explosive unbeaten 94 from 40 balls as the USA beat Canada by seven wickets in the opening game of the T20 World Cup on Saturday.Jones, born in New York but raised in...
Prime Bank PLC., a top-tier second generation local commercial bank in Bangladesh, has signed an agreement with TAHOOR, one of the reputed and elegant Muslim apparel brands. According to the agreement, the bank's privilege customers will get a 10 per...
SEOUL, June 2 (Reuters): South Korea's exports rose for an eighth straight month in May, led by robust chip sales though overall growth in shipments lagged market expectations, trade data showed on Saturday.Overseas sales by Asia's fourth-largest economy rose 11.7...
FE REPORT | 2024-06-03 00:00:00
Besides selling essential commodities at subsidised rates to the 10 million card-holder families, the government is also contemplating making an almost similar arrangement for the middle-income group in the future.State Minister for Commerce Ahasanul Islam Titu, MP disclosed the government...
Shimanto Bank has contributed 5 per cent of CSR Budget for 2024 to the 'Prime Minister's Education Assistance Trust' recently. Rafiqul Islam, Managing Director & CEO of the bank, handed over a cheque to Smrity Karmaker, Managing Director (Additional Secretary)...
The Premier Bank PLC has shifted its Mirpur Section-1 Branch to spacious new premises (Rabiul Plaza. 2nd floor, Plot No Shee-1/Kha, Road No 1, Section 1, Mirpur, Dhaka) to provide the most modern and the best-in-class customer service to the...
DUBAI, June 2 (Reuters): Saudi Arabia added four more banks for its secondary share offering of oil giant Aramco, as the advisers began taking orders on Sunday for the sale that could eventually raise up to $13.1 billion, 4-1/2 years...
MUMBAI, June 2 (Reuters): India's six-week long national election is in its final phase, with voting concluding on Saturday, and financial markets are keenly awaiting the verdict after counting scheduled for June 4.Pollsters and political analysts differ on the possible...
FE REPORT | 2024-06-03 00:00:00
The port city bourse of the Chittagong Stock Exchange (CSE) wants strategic tax exemptions in the upcoming budget to support product diversification in the capital market in Bangladesh.As an important stakeholder, the CSE held a press conference on Sunday to...
FE REPORT | 2024-06-03 00:00:00
After resuming business operations last year by moving to fisheries and tannery, Hami Industries, formerly known as Imam Button Industries, has now decided to expand its agro business.In this regard, the company has planned to lease ponds on 23.5 bighas...
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