FE REPORT | 2024-10-03 00:00:00
The NASSA Group Chairman Nazrul Islam Majumder has been found involved in laundering 3.0 million US dollar to the USA through "trade based money laundering", according to the Criminal Investigation Department (CID).The CID's preliminary inquiry has revealed that Majumder siphoned...
MIR MOSTAFIZUR RAHAMAN | 2024-10-03 00:00:00
It augurs as a major breakthrough in export diversification as a Bangladeshi company is going to produce unmanned aerial vehicle, popularly known as drone.The company, Sky Bees Ltd, is set to sign an agreement in this regard today (Thursday) under...
FE REPORT | 2024-10-03 00:00:00
A significant fall in food inflation has facilitated a drop in the overall consumer price index (CPI) in September last, official data showed on Wednesday.The rate of point-to-point inflation at the national level in the last month decreased by 0.57...
JUBAIR HASAN | 2024-10-03 00:00:00
Anxiety of liquidity-strapped banks has started easing as five cash-surplus banks finally made available funds amounting to Tk 9.45 billion to four struggling peers under the central bank's guarantee programme.Under the bailout arrangement, according to officials and bankers, more liquidity...
TOKYO/SINGAPORE, Oct 2 (Reuters): Japan's $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank's massive buying is expected to hit the settlement of derivatives used by investors and the dealers who...
MUMBAI, Oct 2 (Reuters): India's market regulator tightened the rules for equity derivatives trading on Tuesday, raising the entry barrier and making it more costly to trade in the asset class, despite pushback from investors.The Securities and Exchange Board of...
LONDON, Oct 2 (Reuters): Iran's attack on Israel has rekindled the allure of safe havens and oil has surged, but with no clarity yet on how the Middle East situation will evolve, investors are treading tentatively.Their key question is whether...
LONDON, Oct 02 (Reuters): US drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new centre for advanced manufacturing and drug development in Indiana.The centre, Lilly Medicine Foundry, will focus on researching new ways of...
NEW YORK, Oct 02 (Reuters): The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies, and further fuelled by continued enthusiasm for...
BENGALURU, Oct 02 (Reuters): Extensive damage from a fire at Tata Group's Apple iPhone component plant in southern India could hamper production ahead of a festive season sales surge, an industry watcher and a source said, forcing the US firm's...
The British Standards Institution (BSI) has organised a two-day internal auditor training course on ISO 9001:2015 (Quality Management Systems) in the capital under the Standards Partnership Initiative and funded by the Foreign, Commonwealth and Development Office (FCDO) of the United...
Ashraf Uddin Ahmed Khan joined Bangladesh Small and Cottage Industries Corporation (BSCIC), as its chairman on Tuesday. All the officers and employees of BSCIC welcomed him with a bouquet.
Islami Bank Training and Research Academy (IBTRA) organised a workshop on 'Auditing for Achieving Excellence in Bank' on Wednesday, at Islami Bank Tower. Mohammed Monirul Moula, Managing Director of the bank, inaugurated the workshop as the chief guest. KM Munirul...
JEDDAH, Oct 02 (Arab News): Saudi Arabia is focused on increasing investment in Azerbaijan, noting that the current trade volume of $13.4 million is relatively small, indicating significant growth potential.At the fifth Saudi-Azerbaijani Business Forum in Baku, Hassan Moejeb Al-Hwaizy,...
Walton Digi-Tech Industries Limited, a sister concern of Walton Group, has launched a Solar Hybrid IPS that ensures environment friendly, renewable and affordable power supply, says a press release. The Solar Hybrid IPS, comes under 'arc' brand name, takes charge...
Former US Ambassador (ret.) to Bangladesh Peter Haas has joined as a Strategic Adviser to Excelerate Energy, Inc, a US-based LNG company located in The Woodlands, Texas, reports UNB.Haas retired from the U.S. Foreign Service on September 27 after 33...
Bangladesh Jibon Bima Corporation (JBC) has reached out to the Ministry of Finance, requesting assistance in recovering Tk 1.26 billion (126.95 crore) tied up in eight expired FDRs at Padma Bank, reports UNB.In a letter to the Financial Institutions Division,...
Premier Bank has launched 'Green PIN' service, enabling customers to instantly activate their Debit, Credit or Pre-paid cards or generate new PIN for their cards through the bank's website or mobile banking app Pmoney. Mohammad Abu Jafar, Managing Director and...
Pubali Bank PLC launched co-branded Visa debit and credit card with Bangladesh Railway on Wednesday. This co-branded card is a symbol of longlasting bondage between the two organisations. Mohammad Ali, Managing Director & CEO of Pubali Bank, and Sardar Shahadat...
Prime Bank PLC, one of the leading private commercial banks, has joined hands with The Bangladesh Monitor to organise the first-ever recognition programme for establishments and individuals excelling in services in travel, tourism and hospitality sectors. A total of 31...
Nabil Mustafizur Rahman recently joined United Commercial Bank Limited (UCB) as Additional Managing Director (AMD), says a statement. Prior to his new assignment, he was the Country Chief Risk Officer of Habib Bank Limited Bangladesh. Earlier, he joined United Commercial...
AKM Habibur Rahman has been elected Chairman of the Chittagong Stock Exchange PLC (CSE) for the next three years. The Board of Directors of CSE unanimously elected him at a Board meeting on Wednesday. He will replace Aisf Ibrahim as...
FE REPORT | 2024-10-03 00:00:00
The benchmark equity index shed 2.36 per cent on Wednesday, registering its biggest single-day fall in the last 31 months, with most stocks experiencing the price erosion.Such a free fall of the market prompted aggrieved investors to stage a demonstration...
NEW YORK, Oct 02 (Reuters): The Managed Funds Association, an alternative asset management trade group, announced on Wednesday its new board of directors, as well as its chair Jody Gunderson, managing principal at $16 billion credit investment firm AB CarVal,...
MANILA, Oct 02 (AFP): Philippine President Ferdinand Marcos on Wednesday signed into law a measure that imposes a 12 per cent value-added tax on foreign-based firms providing digital services in the country.The tax applies to a vast range of products...
LONDON, Oct 02 (AFP): A UK regulator Wednesday said it had fined startup Starling Bank £29 million for "shockingly lax" controls that "left the financial system wide open to criminals and those subject to sanctions".The Financial Conduct Authority (FCA) fined...
BENAPOLE, Oct 02 (UNB): Government revenue is being evaded at Benapole International Customs Checkpost through the use of fake travel tax receipts, according to customs officials.A broker group operating at the checkpost is reportedly defrauding the government by issuing fraudulent...
France Ambassador Marie Masdupuy called on Local Government, Rural Development (LGRD) and Cooperatives Adviser AF Hasan Arif at his LGRD office in Dhaka on Tuesday. They discussed issues relating to climate change, safe drinking water, sanitation, etc. at the meeting.
Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector, reports BSS.These were revealed while Danish Ambassador to Bangladesh Christian Brix Moller held a...
Union Bank Training Institute organised a daylong workshop on 'Shariah Complaint in Banking'. Chairman of the Board of Directors of Union Bank Md. Fariduddin Ahmad inaugurated the workshop as the chief guest. Chairman of the Audit Committee Sheikh Zahidul Islam...
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