FE REPORT | 2024-08-02 00:00:00
The Bangladesh Railway (BR) resumed rail service on a limited scale on Thursday, two weeks after it had suspended all services following countrywide violence over the quota-reform movement.Officials said six commuter and local trains operated from 7:00 am until 5:00...
YASIR WARDAD | 2024-08-02 00:00:00
Onion prices have soared to record highs despite a recent import surge, with traders blaming a combination of Taka depreciation, hoarding and supply chain disruptions.Compared with June, onion prices increased by Tk 10-15 a kilogram in July to Tk 110-Tk...
FE REPORT | 2024-08-02 00:00:00
Bangladesh faces a humanitarian crisis of epic proportions as its political situation has turned volatile with a wave of violence created countrywide over the recent student movement.The United Nations made the observation while addressing its routine media briefing on early...
FE REPORT | 2024-08-02 00:00:00
The government has reconstituted the Judicial Enquiry Commission to investigate all the deaths, violence, vandalism, arson, looting, “terrorist” activities and damage caused across the country from July 16 to 21 during the quota-reform movement.Earlier, it formed a one-member Judicial Inquiry...
FE REPORT | 2024-08-02 00:00:00
Teachers, lawyers and medical professionals on Thursday joined nationwide student demonstrations, in solidarity with the 'Remembering Our Heroes' campaign. The protests denounced violence against students and academics, demanded the release of detained individuals and called for an independent investigation into...
FE REPORT | 2024-08-02 00:00:00
The Bangladesh Bank (BB) is trying to develop its own full-fledged banking-network system to prevent service disruptions during internet outages, officials and bankers said.As part of the plan, the central bank has initially developed an intranet and is asking commercial...
FE REPORT | 2024-08-02 00:00:00
The Detective Branch of (DB) Police freed on Thursday six coordinators of the student movement against discrimination. They (six coordinators) left the DB office at around 1:30 pm on a car. The coordinators are: Md Nahid Islam, Md Sarjis Alam,...
Rickshaws wade through waist-deep rainwater in the Muradpur area of Chattogram on Thursday. Heavy rain on the previous night caused widespread disruptions in the port city. — Focus Bangla
MIR MOSTAFIZUR RAHAMAN | 2024-08-02 00:00:00
Development projects under three Indian lines of credits (LoC) fails to pick up execution pace despite repeated instructions from the authorities on both sides, largely for fund-disbursement slowdown, sources said.The disbursement of the LoC funds is US$1.73 billion so far,...
FE REPORT | 2024-08-02 00:00:00
Jamaat-e-Islami and all its outfits have been banned from politics in Bangladesh under ant-terrorism laws on accusation of committing undercover subversive acts amid students' quota protests. The government Thursday issued a notification outlawing Bangladesh Jamaat-e-Islami, its student-wing Islami Chhatra Shibir...
FE REPORT | 2024-08-02 00:00:00
Inward remittance navigates rough weathers to reach a receipt of US$1.909 billion in July as rate hikes pay off, yet misses the expected mark for the month.Latest Bangladesh Bank statics on the foreign exchange sent home by wage earners last...
Prime Minister Sheikh Hasina Thursday said the nation had witnessed savagery of militancy in the guise of anti-quota movement, reiterating her vow that there would be no room for militancy and terrorism in Bangladesh."There would be no room for militancy...
Meta's shares soared 7 per cent on Thursday after the tech firm beat quarterly revenue estimates and forecast upbeat third-quarter sales indicating that strong digital-ad spending on its social media platforms can cover the cost of its AI investments, reports...
LONDON, Aug 1 (AFP): Shares in Rolls-Royce hit a record high Thursday after the British maker of aircraft engines and other power systems said it planned to reinstate dividend payments following a strong turnaround.The group was the biggest gainer in...
As US rate cuts come into view, investors are confronting a new challenge: figuring out whether the Federal Reserve will be able to ease monetary policy at a pace consistent with achieving the hoped-for economic "soft landing" that has helped...
NEW YORK, Aug 01 (Reuters): US oil and gas producer ConocoPhillips posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices.The beat comes as ConocoPhillips is pursuing a $22.5 billion takeover of...
TOKYO, Aug 01 (Reuters): Toyota Motor posted a 17 per cent increase in first-quarter profit on Thursday, as cost-cutting and a weaker yen helped offset lower sales and a decline in production at home.The world's top-selling automaker said operating profit...
WASHINGTON, Aug 01 (Reuters): Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by up to 25 per cent, or $1 billion, as it expects very low sales to the EU, sending the shares...
NEW YORK, Aug 01 (Reuters): Apple will likely report on Thursday that it returned to revenue growth in its fiscal third quarter as it won back some customers in China with big iPhone discounts and sold more high-margin iPads thanks...
BEIJING, Aug 01 (BBC): Uber has announced a deal which aims to bring 100,000 electric vehicles (EVs) made by China's BYD to the ride-hailing giant's global fleet of cars.The two companies say they will offer Uber drivers incentives to switch...
SINGAPORE, Aug 1 (Reuters): A dramatic rally in the yen is tapping one of the most powerful forces in markets: momentum. And as trend-followers who rode the currency's slide to a 38-year low start to flip their bets, investors of...
Concord Architects and Interior Decor Limited has recently signed a Memorandum of Understanding (MoU) with Este Aesthetic Hospital Limited. Mohammed Faisal, Managing Director of Este Aesthetic Hospital Ltd, and Anup Kumar Sarkar, Chief Marketing Officer of Concord Group, signed the...
BRAC Bank signed a Payment Gateway Agreement with Foodi Express Limited. BRAC Bank's DMD and Head of Retail Banking, Md Mahiul Islam, and COO of Foodi Express Limited, Shahnewas Mannan, signed the agreement at the bank's head office. Foodi will...
National Credit and Commerce (NCC) Bank has approved a 12 per cent cash dividend for the year 2023 at its 39th Annual General Meeting held at a virtual event on August 1. Among others, NCC Bank Chairman Md Abul Bashar...
Mutual Trust Bank (MTB) PLC has signed an agreement of financing the suppliers of Pran-RFL Group at the bank's corporate headquarters. MTB's AMD & Chief Business Officer Md Khalid Mahmood Khan and the Director-Finance of Pran-RFL Group, Uzma Chowdhury, signed...
FE REPORT | 2024-08-02 00:00:00
Textile millers have called the government for low-rate bank loans to pay wages and utility bills for July to offset losses due to two weeks' economic stalemate over a student movement.The Bangladesh Textile Mills Association (BTMA) has also demanded that...
BABUL BARMAN | 2024-08-02 00:00:00
Despite economic challenges amid high inflation, the leading non-bank financial institutions (NBFIs) posted higher profits in the second quarter (Q2) through June this year, driven by a higher interest spread.The gap between interest rates against loans & advances and interest...
TOKYO, Aug 01 (AFP): Toyota on Thursday reported a modest rise in first-quarter net profits as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market.The firm said...
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