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Amazon names veteran Samir Kumar as new India head

2024-09-19 00:00:00

NEW YORK, Sept 18 (Reuters): Amazon.com named Samir Kumar as its new India head on Wednesday, handing the reins to a 25-year company veteran as the e-commerce giant faces intense competition and regulatory pressures in the country.Kumar was part of...

Cash-strapped Sri Lanka eyes China development

2024-09-19 00:00:00

COLOMBO, Sept 18 (AFP): Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend.The strategically located Indian Ocean country suffered...

Biman employees stand by flood victims

2024-09-19 00:00:00

Employees of Biman Bangladesh Airlines donated their one day's salary to the Chief Adviser's Relief and Welfare Fund in response to the devastating floods impacting communities across the country. Biman's Managing Director and CEO Md Shafiqur Rahman and Director (Admin...

ICMAB accords reception to new CMAs _

2024-09-19 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) arranged a reception programme for the newly qualified CMAs on Tuesday at ICMAB Ruhul Quddus Auditorium, ICMA Bhaban in Dhaka. ICMAB President Mahtab Uddin Ahmed congratulated all the qualified CMAs...

IPDC Finance, Truvalu launch green finance initiative

2024-09-19 00:00:00

On the occasion of World Ozone Day 2024, IPDC Finance PLC has partnered with Truvalu Bangladesh to facilitate green financing for SMEs under the "Access to Green Financing (A2GF) for Enterprises" programme implemented jointly by Truvalu, One to Watch and...

Vision Emporium launches 'Dream Home' campaign

2024-09-19 00:00:00

Vision Emporium, an electronic chain shop of the leading business conglomerate RFL, has launched a campaign named 'Dream Home' with an opportunity for customers to win various products, as well as including flat and car. Under this offer, customers can...

Vista to manufacture AUX ACs

2024-09-19 00:00:00

Bangladeshi brand Vista is set to enter the global market. Vista Electronics Limited has signed a joint venture agreement with China's AUX, one of the world's fastest-growing companies. Under this agreement, AUX-branded air conditioners (AC) will be manufactured at Vista's...

Berger Paints signs agreement with ABB Cellier

2024-09-19 00:00:00

Berger Paints Bangladesh Limited has joined forces with ABB Cellier, France, for establishing world class automated production facility at its upcoming third factory in the Mirsharai Economic Zone. Berger Paints first began production at its Kalurghat factory in Chittagong in...

STANDARD BANK HOLDS BUSINESS REVIEW MEETING _

2024-09-19 00:00:00

Standard Bank organised their 'Business Review Meeting' with the participation of the chiefs of all branches and chiefs & executives of all divisions at their head office on Tuesday. Md. Habibur Rahman, the managing director and chief executive officer, presided...

BIDA, FICCI join hands to boost foreign investment

FE REPORT | 2024-09-19 00:00:00

Bangladesh Investment Development Authority (BIDA) and the Foreign Investors' Chamber of Commerce and Industry (FICCI) have agreed to continue working closely to overcome any barriers to investment, ensure the continuity of foreign investment, and explore new opportunities for economic growth...

Imam Button chief fined Tk 10M for stock price manipulation

FE REPORT | 2024-09-19 00:00:00

The securities regulator on Wednesday fined managing director of Imam Button Industries ASM Hasib Hasan Tk 10 million for manipulating the company's share price by making false financial claims.Imam Button Industries, which was changed into Hami Industries, resumed operations last...

Axiata stresses FDI-friendly policy for high-growth BD telecom market

ISMAIL HOSSAIN | 2024-09-19 00:00:00

Axiata Group Berhad, one of Asia's leading telecommunications companies, has expressed strong optimism about Bangladesh's future as a high-growth market, accentuating the need for stable state policies and clear regulations to court long-term foreign investment.In an exclusive interview with The...

Regulator to unravel how Nafeez deploys own firm to misuse Padma Bank's fund

FE REPORT | 2024-09-19 00:00:00

The securities regulator has formed a probe body to investigate alleged financial anomalies in Strategic Equity Management Limited (SEML), owned by Chowdhury Nafeez Sarafat and his family.Mr Sarafat is a former chairman of Padma Bank and was an influential person...

Samsung's four Vietnam factories account for 30pc of global sales

2024-09-19 00:00:00

South Korean conglomerate Samsung Electronics' four main factories in Vietnam contributed around 30 per cent of its global revenues in the first half of this year.Their combined revenues rose by 8.6 per cent year-on-year to US$31.39 billion, reports e.vnexpress.net.Samsung Thai...

New cargo terminal at Benapole set to open in October

2024-09-19 00:00:00

BENAPOLE, Sept 18 (UNB): The construction of a new cargo terminal at Benapole land port in Jashore has been completed at a cost of over Tk 3.0 billion, and it is expected to open in October, according to port authorities.Once...

Rupali Bank Hosts Business conference

2024-09-19 00:00:00

Rupali Bank PLC organised Business Conference-2024 of Mymensingh Division at its divisional office on Wednesday. The bank's Managing Director Mohammad Jahangir was present as the chief guest. Mohammad Iqbal Hossain Kha, Head of the bank's Mymensingh division, presided over the...

bKash simplifies NGO savings and loan instalment payments

2024-09-19 00:00:00

bKash has brought convenience to customers by enabling them to pay microfinance loans and savings instalments anytime, anywhere. The fast, easy and safe payment option relieves customers from the hassle of visiting a branch, counter or meeting business hours. Now,...

Titas severs illegal gas connections

FE REPORT | 2024-09-19 00:00:00

The state-run Titas Gas Transmission and Distribution Company Ltd (TGTDCL) on Wednesday snapped illegal gas connections of an industry located at Keraniganj, the locality of former state minister Nasrul Hamid.Titas officials found two separate piped natural gas connections-one legal and...

StanChart launches seven agri research initiatives

2024-09-19 00:00:00

Standard Chartered Bangladesh has unveiled seven new agricultural research initiatives aimed at driving innovation and fostering community engagement in the country's agricultural sector. These research projects are part of the bank's ongoing efforts to support and enhance research in agriculture,...

Govt to import rice, wheat

2024-09-19 00:00:00

The government will import 200,000 tonnes of rice and 400,000 tonnes of wheat within 15 days, reports UNB.The Advisory Committee on Economic Affairs (ACEA), in a meeting with Finance Advisor of the interim government Dr Salehuddin Ahmed in the chair,...

A € 7 coin in honour of Ronaldo

2024-09-19 00:00:00

Cristiano Ronaldo's home country Portugal continues to find unique ways to honour the football legend who is known to be its greatest goal machine with no signs of slowing down anytime soon, report agencies.With over 130 goals for his national...

Mendis ton rescues Sri Lanka against New Zealand

2024-09-19 00:00:00

GALLE, Sri Lanka, Sept 18 (AFP): Sri Lanka's Kamindu Mendis scored a courageous century against New Zealand Wednesday as the hosts wrestled back the initiative to reach 302 for seven at stumps on the first day of the first Test.Sri...

Bangladesh drop Rumana Ahmed

2024-09-19 00:00:00

Bangladesh have left out veteran all-rounder Rumana Ahmed from their squad for the upcoming Women's T20 World Cup. The Bangladesh Cricket Board has also named the uncapped duo of Taj Nehar and Disha Biswas in the 15-player squad announced on...

Tigers out to ride on historic high in Test cricket's toughest gig

2024-09-19 00:00:00

CHENNAI, India, Sept 18 (Agencies): A series sweep against Bangladesh will cement India's place atop the World Test Championship (WTC) standings but the team under Rohit Sharma are guarding against any complacency in the two-match home series beginning in Chennai...

Rain threatens to play spoilsport in BD-Ind 1st Test

2024-09-19 00:00:00

Bangladesh are set to take on India in the 1st Test match at the M.A. Chidambaram Stadium in Chennai from today (Thursday) onwards. The weather forecast for the Test match, however, doesn't look too good at the moment, with rain...

Copper claws higher ahead of expected Fed rate cut

2024-09-19 00:00:00

LONDON, Sept 18 (Reuters): Copper prices ticked higher on Wednesday ahead of a widely expected rate cut by the US Federal Reserve, which investors bet will support metals demand.Three-month copper on the London Metal Exchange CMCU3 was up 0.6 per...

India approves $4 billion to aid farm incomes

2024-09-19 00:00:00

NEW DELHI, Sept 18 (Reuters): India's cabinet has approved spending more than $4 billion to support farm incomes and blunt food price volatility until the fiscal year 2025/26, the information minister said on Wednesday.The cabinet also approved fertiliser subsidy of...

Gold gains as markets gear up for Fed's rate verdict

2024-09-19 00:00:00

Gold prices gained on Wednesday, as investors awaited for the Federal Reserve to start its US monetary easing cycle for the first time in over four years, reports Reuters.Spot gold rose 0.3 per cent to $2,577.75 per ounce as of...

Oil drops ahead of US Fed decision

2024-09-19 00:00:00

LONDON, Sept 18 (Reuters): Oil prices fell on Wednesday after two sessions of gains after an industry report showed increasing US crude and fuel inventories, offsetting rising tension in the Middle East and the potentially bullish impact of a US...

News in Brief -2024-09-19

2024-09-19 00:00:00

Storm toll rises to 23 in EuropePRAGUE, Sept 18: The toll from the extreme weather unleashed by Storm Boris in central and eastern Europe rose to at least 23 people, as Czech police said Wednesday they had found a fourth...