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Govt to procure rock phosphate, MOP fertiliser

2024-09-11 00:00:00

The government has approved separate proposals for procuring some 25,000 tonnes of rock phosphate and 40,000 tonnes of MOP fertiliser to meet the growing demand in the country.The approvals came at the third meeting of the Advisers Council Committee meeting...

Ataur Rahman new chairman of BCB

2024-09-11 00:00:00

Md Ataur Rahman, a former executive director of Bangladesh Bank, has been elected as Chairman of the Board of Directors of Bangladesh Commerce Bank Limited (BCB) at a board meeting on Tuesday. Besides, Md Mohsin Mia was elected as Chairman...

Social Islami Bank organises a view-exchange meeting

2024-09-11 00:00:00

Social Islami Bank organises a view-exchange meetingSocial Islami Bank arranged a view-exchange meeting between the members of newly formed Board and Divisional Heads, Zonal Heads, Branch Managers & Sub-branch In-charges at the bank's head office on Monday through virtual platform....

22 entities receive ICAB National Award

FE Report | 2024-09-11 00:00:00

A total of 22 business entities received ICAB National Award for Best Presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures on Tuesday.The Institute of Chartered Accountants of Bangladesh (ICAB) awarded the listed and non-listed companies in 13 different sectors,...

Bangladesh can import petrochemicals from Egypt: Ambassador

2024-09-11 00:00:00

Bangladesh can import petrochemicals and fertiliser from Egypt to meet the country's growing demand, reports BSS. Egyptian Ambassador to Bangladesh Omar Mohie Eldin Ahmed Fahmy expressed such interests when he met DCCI President Ashraf Ahmed at the DCCI on Tuesday.Welcoming...

China plans to include steel, cement and aluminium in its carbon market in 2024

2024-09-11 00:00:00

BEIJING/SINGAPORE, Sept 10 (Reuters): China is seeking public feedback on a plan to include cement, steel and aluminium production in its carbon emissions trading scheme by the end of the year, the Ministry of Ecology and Environment said on Monday.Including...

Vision offers free repair service in flood-hit areas

2024-09-11 00:00:00

Vision, a popular electronics brand of RFL Group, is providing free repair service for electronics appliances of any brand that have been damaged by flooding in different districts of the country. The service campaign has already been introduced in Cumilla,...

Prime Islami Life Ins greets IDRA Chairman

2024-09-11 00:00:00

Prime Islami Life Ins greets IDRA Chairman Managing Director and CEO of Prime Islami Life Insurance Limited Md Shamsul Alam congratulated newly appointed Chairman of Insurance Development and Regulatory Authority (IDRA) Dr. M Aslam Alam with a bouquet at his...

BRAC Bank hosts workshop for women entrepreneurs

2024-09-11 00:00:00

BRAC Bank's women banking segment, TARA, has recently organised a Digital Skill Development Workshop styled 'UddogTARA' for women entrepreneurs focused on enhancing their digital business skills.A total of 70 aspiring women entrepreneurs participated in the daylong workshop, says a press...

China seeks to negotiate with EU to resolve EV tariff dispute

2024-09-11 00:00:00

BEIJING, Sept 10 (Reuters): China has renewed its offer for talks with the European Commission to address economic and trade frictions to try to ease impending punitive tariffs on China-made electric vehicles.During a meeting with the European Commission's director general...

BAB gets new chairman, vice chairmen

2024-09-11 00:00:00

Abdul Hai Sarker, Chairman of the Board of Directors of Dhaka Bank PLC, has been elected Chairman of Bangladesh Association of Banks (BAB) while Mohammad Abdul Mannan, Chairman, the Board of Directors of First Security Islami Bank PLC, and Romo...

Netherlands keen to invest in BD's pharmaceutical, ICT sectors

2024-09-11 00:00:00

Netherlands has expressed keenness to invest in the ICT and pharmaceutical sectors of Bangladesh to reap benefits from the growing potential of these items in both the domestic and international markets, reports BSS.Netherlands Ambassador to Bangladesh Irma van Dueren on...

Major Gulf markets gain, key US inflation data in focus

2024-09-11 00:00:00

Major stock markets in the Gulf rose in early trade on Tuesday ahead of a key US inflation data that could affect the size of the Federal Reserve's interest rate cut next week, reports Reuters.Investors remained focused on the US...

India's mutual fund assets rise to record high in August; thematic funds lead equity inflows

2024-09-11 00:00:00

BENGALURU, Sept 10 (Reuters): India's total mutual fund assets jumped to an all-time high of 66.7 trillion rupees ($794.45 billion), as of August-end, adding about 16 trillion rupees in 2024.Inflows into equity mutual funds rose 3 per cent sequentially to...

UCB REITERATES COMMITMENT TO CUSTOMERS

2024-09-11 00:00:00

UCB REITERATES COMMITMENT TO CUSTOMERS United Commercial Bank (UCB) organised a virtual town hall meeting on Monday. All level employees and executives of the bank including all the branch managers and heads of different departments of UCB and subsidiaries participated...

MTB FOUNDATION SUPPORTS FLOOD VICTIMS OF FENI

2024-09-11 00:00:00

MTB FOUNDATION SUPPORTS FLOOD VICTIMS OF FENIMutual Trust Bank (MTB) Foundation recently distributed relief materials while also have been providing financial support for hiring boats, speedboats and lifejackets for the flood victims of Feni. With the situation worsening every moment,...

Confidence Cement to issue rights shares

FE REPORT | 2024-09-11 00:00:00

Confidence Cement has decided to issue rights shares to raise Tk 1.29 billion for investment in an associate company named Confidence Cement Dhaka and for repayment of term loans.The Chittagong-based cement manufacturer will issue one right share for every 3...

Diagnosis of Global Islami Bank: Signs condoned as it raises public money

Farhan Fardaus | 2024-09-11 00:00:00

Global Islami Bank (GIB) showed a remarkable 28 per cent year-on-year surge in profit in 2021, the year before its listing, while its cash flow was negative.Negative cash flow from operations was almost double the profit earned that year. Then...

Two killed as two rival groups clash in Sherpur

2024-09-11 00:00:00

SHERPUR, Sept 10 (UNB): Two people were killed and 20 others injured in a clash between two groups of local people of two Mohollas at Khoarpar intersection in Sherpur district town on Monday night.The deceased were identified as Mizan Mia,...

0.231m eggs imported from India arrive thru Benapole

2024-09-11 00:00:00

OUR CORRESPONDENT BENAPOLE, Sept 10: A total of 0.231 million pieces of chicken eggs imported from India came through Benapole land port in Jashore on Monday (September 9).This is the first consignment of eggs imported from India through Benapole port...

Can Bangladesh secure a spot if they defeat Team India?

2024-09-11 00:00:00

Bangladesh made history by accomplishing their first-ever Test series whitewash against Pakistan, which marked a significant milestone moment in their cricket journey. The Tigers' Test series victory was even sweeter as it came in an away series. This goes to...

Nahid Rana sets sights on upcoming India Test series

2024-09-11 00:00:00

Having made an instant impact with his brilliant performance in the historic 2-0 triumph over Pakistan, Bangladesh’s rising speedster Nahid Rana has now set his eyes on the upcoming away Test series against India.The 21-year-old consistently hit 150 kph and...

Copper drifts lower on China demand concerns

2024-09-11 00:00:00

LONDON, Sept 10 (Reuters): Copper prices retreated on Tuesday on persistent worries about the health of the Chinese economy and metals demand after fresh data.Three-month copper on the London Metal Exchange (LME) eased by 0.4 per cent to $9,063.50 a...

London cocoa prices slide

2024-09-11 00:00:00

LONDON, Sept 10 (Reuters): London cocoa futures on ICE fell on Tuesday, erasing most of the prior session's gains, while raw sugar futures slid to a two-week low.December London cocoa fell 3.9 per cent to 5,275 pounds a metric ton...

Gold holds firm above $2,500 level

2024-09-11 00:00:00

Gold prices held firm above the $2,500 level on Tuesday as market participants positioned themselves ahead of U.S. inflation data for further clues on the depth of interest rate cuts by the Federal Reserve next week, report Reuters.Spot gold rose...

Palm oil ends lower as Aug inventories rise

2024-09-11 00:00:00

NEW DELHI, Sept 10 (Reuters): Malaysian palm oil futures ended lower on Tuesday after industry data showed inventories in the world's second-largest producer rose more than expected last month.The benchmark palm oil contract for November delivery on the Bursa Malaysia...

Oil dips as weaker demand counters supply risks

2024-09-11 00:00:00

LONDON, Sept 10 (Reuters): Oil prices gave up the previous day's gains on Tuesday on a weaker demand outlook and global oil oversupply risks that continue to weigh on the market.Providing a floor for prices were U.S. supply disruptions from...

Kim vows to boost nuclear arsenal

2024-09-11 00:00:00

PYONGYANG, Sept 10 (Reuters): North Korean leader Kim Jong Un said the country is now implementing a nuclear force construction policy to increase the number of nuclear weapons "exponentially", state media KCNA reported on Tuesday.In a speech on North Korea's...

Six MPs of Imran's party appear in anti-terrorism court after rally

2024-09-11 00:00:00

ISLAMABAD, Sept 10 (AFP): At least six MPs from jailed former Pakistan prime minister Imran Khan's party appeared in an anti-terrorism court on Tuesday, two days after they led a major rally in the capital.The Pakistan Tehreek-e-Insaf (PTI) party has...

Kolkata doctors won't return to work until demands met

2024-09-11 00:00:00

KOLKATA, Sept 10 (Reuters): Junior doctors in India's West Bengal state have vowed to keep up a strike in protest at the rape and murder of a trainee doctor unless their demands are met, defying a Supreme Court deadline for...