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Global Islami Bank board meets with managers

2024-09-13 00:00:00

Global Islami Bank board meets with managersA discussion between the newly-formed Board of Directors and branch managers and sub-branch in-charges was held on Thursday. Chaired by new Chairman of the Board Mohammad Nurul Amin. Other members of the Board, namely...

EBL opens its 39th sub-branch at Mandari, Lakshmipur

2024-09-13 00:00:00

EBL opens its 39th sub-branch at Mandari, LakshmipurM. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of Eastern Bank inaugurates the 39th sub-branch of the bank at Mandari Union of Lakshmipur District on Wednesday. Mesbah Uddin...

Switzerland assures help in repatriating illegal assets of Bangladeshi nationals

2024-09-13 00:00:00

Switzerland has pledged to fully cooperate in repatriating illegal money deposited by Bangladeshi nationals in Swiss banks, in accordance with international standards and procedures, reports BSS.The commitment was made during a meeting between Swiss Ambassador in Dhaka Reto Siegfried Renggli,...

PRAN-RFL, LafargeHolcim team up on sustainable waste management

2024-09-13 00:00:00

PRAN-RFL Group, the country's leading business conglomerate, has signed a Memorandum of Understanding (MoU) with LafargeHolcim Bangladesh Limited (LHBL) to foster a sustainable future through efficient and sustainable waste management of non-reusable materials. Uzma Chowdhury, Corporate Finance Director at PRAN-RFL...

BD decentralised lots of supply chains: WTO DG

2024-09-13 00:00:00

GENEVA, (Switzerland), Sept 12 (BSS) : Director-General (DG) of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala said Bangladesh is a country which has decentralised lots of supply chains as they have created an environment by building tech parks."New opportunities for...

Power and communication sectors reform underway: Kabir

2024-09-13 00:00:00

Adviser of the interim government Muhammad Fouzul Kabir Khan said on Thursday the government on embarked reforming the power, energy, road, bridges and railway sectors to fulfill the expectation of the people. "Different agencies or companies linked with the ministries...

Chief Adviser Dr. Muhammad Yunus in a photo session with business leaders

2024-09-13 00:00:00

Chief Adviser Dr. Muhammad Yunus in a photo session with business leaders and others after the National Business Dialogue held at a city hotel on Thursday. — PID Photo

Islami Bank seeks Tk 11b in loans from Sonali Bank

2024-09-13 00:00:00

Islami Bank Bangladesh PLC, which is suffering from a liquidity crisis, has sought Tk 11 billion in loans from state-owned Sonali Bank, reports bdnews24.com.The Sharia-based bank will get the money if Bangladesh Bank approves the loan as a guarantor.Sonali Bank's...

Tata, MG offer free charging, battery rentals to lure EV buyers

2024-09-13 00:00:00

NEW DELHI, Sept 12 (Reuters): India's top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of...

Microsoft to cut 650 support jobs in Xbox unit

2024-09-13 00:00:00

NEW YORK, Sept 12 (Reuters): Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg...

BKB’s staffers beside flood-affected people

2024-09-13 00:00:00

BKB’s staffers beside flood-affected peopleNewly-formed Jatiotabadi officers and employees Forum of Bangladesh Krishi Bank (BKB) opened the aid activities to support the flood-affected people. BKB Managing Director Md Shawkat Ali Khan inaugurated the programme at the corner of the bank's...

Indian minister to meet Samsung officials in bid to resolve strike

2024-09-13 00:00:00

SRIPERUMBUDUR, Sept 12 (Reuters): The labour minister of India's southern state of Tamil Nadu is set to hold talks on Thursday with officials of Samsung Electronics, in a bid to resolve a strike that has disrupted its consumer electronics plant...

Pragati Life Ins STARTS construction work of new head office in Gulshan

2024-09-13 00:00:00

Pragati Life Ins STARTS construction work of new head office in GulshanPragati Life Insurance Limited recently held a ceremony to mark the commencement of construction of its new head office at Gulshan in the city. Chairman of the company Abdul...

Standard Bank holds 145th Meeting of the Executive Committee

2024-09-13 00:00:00

Standard Bank holds 145th Meeting of the Executive CommitteeThe 145th meeting of the Executive Committee of the board of directors of Standard Bank PLC was held at its head office in the city on Thursday under the chairmanship of Md...

ICB holds 56th fund related meeting

2024-09-13 00:00:00

ICB holds 56th fund related meetingThe 56th fund related meeting of the board of directors of Investment Corporation of Bangladesh (ICB) was held on Thursday. The meeting has approved dividend at the rate of Tk 35.00 per ICB Unit (face...

Chinese Company to invest $4m in Cumilla EPZ

2024-09-13 00:00:00

Chinese company Tianhui Button (BD) Company Limited will establish a garment accessories manufacturing industry in Cumilla Export Processing Zone (Cumilla EPZ), reports BSS.They will invest US$ 4 million to produce annually 700 million pcs of different kind of buttons like...

South Korea pension fund key to success of market reforms, says watchdog

2024-09-13 00:00:00

SEOUL, Sept 12 (Reuters): South Korea's market watchdog stressed on Thursday the role of the public pension fund to ensure the success of ongoing capital market reforms, as the fund which has been aggressively raising overseas investments pledged to look...

Trump trades roiled after fiery debate as investors weigh chance of Harris success

2024-09-13 00:00:00

NEW YORK, Sept 12 (Reuters): Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris' favor after the event.Shares of Trump Media...

Potential return of Trump fuels concern among emerging market investors

2024-09-13 00:00:00

A tight US presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt emerging markets just as they were poised to shine, reports Reuters.The prospect of...

UCB WINS JOINT BRONZE AWARD AT 24TH ICAB NATIONAL AWARD

2024-09-13 00:00:00

UCB WINS JOINT BRONZE AWARD AT 24TH ICAB NATIONAL AWARDUnited Commercial Bank won the "Joint Bronze Award" under the "Private Sector Banks" category in the 24th ICAB National Award for "Best Presented Annual Reports 2023". Syed Faridul Islam, acting managing...

MERCANTILE BANK ACHIEVES '24TH ICAB NATIONAL AWARD

2024-09-13 00:00:00

MERCANTILE BANK ACHIEVES '24TH ICAB NATIONAL AWARDMercantile Bank has achieved two "Certificate of Merit" awards under the "Private Sector Banks" and "Corporate Governance Disclosures" categories in the prestigious 24th ICAB National Award. Dr. Salehuddin Ahmed, the finance and commerce adviser...

BANK ASIA BECOMES THE "OVERALL WINNER" OF 24TH ICAB NATIONAL AWARD

2024-09-13 00:00:00

BANK ASIA BECOMES THE "OVERALL WINNER" OF 24TH ICAB NATIONAL AWARD Bank Asia received the prestigious "Overall Winner" of 24th ICAB National Award by winning 1st Position in all the three categories: "Private Sector Banks", "Corporate Governance Disclosures", and "Integrated...

National Tea soars on bourses for no fundamental gain

FE REPORT | 2024-09-13 00:00:00

The stock of National Tea Company has been flying high on the Dhaka Stock Exchange (DSE) without any reason for investors to be inclined to bet on its shares.The Sylhet-based tea producer is suffering losses for more than four years...

Reshuffles, inquiries leave BSEC in disarray

Mohammad Mufazzal | 2024-09-13 00:00:00

An eerie sense of unease hangs at the Bangladesh Securities and Exchange Commission (BSEC), with its staffers divided into groups fighting with each other and seeking protection from the wrath of the changing political landscape. Regular operations are hampered as...

Narrative that transcends the ordinary

Fatema Zohra Haque | 2024-09-13 00:00:00

Book REVIEW Welcome to “Dhaka Dynamics: Lensing through Journalism” by Avik Sanwar Rahman, a profound exploration of Bangladesh’s socio-economic landscape from 2003 to 2005.In this meticulously crafted anthology, Avik, a distinguished journalist whose insightful contributions have graced the pages of...

Redefining MSMEs for inclusive financing

2024-09-13 00:00:00

The identification of micro, small, and medium-sized enterprises (MSMEs) in Bangladesh, as in many other countries, is primarily based on criteria such as the number of employees, turnover, and assets. However, MSMEs encompass diverse business models and performance levels, which...

Reducing mobile call rate

2024-09-13 00:00:00

Mobile phones have now become essential to everyday life. Men, women, and even children use mobile phones requiring them to spend money. Some people manage these expenses from their limited incomes. Currently, the call rate for every operator exceeds Tk...

Nation must take victory to its logical conclusion

Shiabur Rahman | 2024-09-13 00:00:00

At a most critical time of the nation's history, the interim government, led by Nobel laureate Dr Muhammad Yunus, has taken over the de facto cabinet left vacant by the deposed Awami League government. It has got the onerous job...

Reform commissions on their salvaging mission

Nilratan Halder | 2024-09-13 00:00:00

In his second address to the nation, Chief Adviser Dr Muhammad Yunus has made the most important announcement of forming six reform commissions assigning those with the task of recommending amendments to provisions in their respective areas. The purpose is...

US delegation's upcoming visit

2024-09-13 00:00:00

Since the interim government assumed office, the first foreign delegation set to visit Bangladesh -- a high-profile one at that -- will be a US inter-agency team on September 14-15. According to media reports that cited top sources in Washington,...