The Dhaka Metro Rail is scheduled to open to the public on Saturday said the Dhaka Mass Transit Company Limited (DMTCL). A trial run will be conducted two days prior to the official opening, reports bdnews24.com. The service had been...
MUNIMA SULTANA | 2024-08-12 00:00:00
Five days after the authorities announced resuming classes, educational institutions still remain shuttered -- caught in a limbo between official orders and on-the-ground realities. While students have won hearts as impromptu traffic cops and community guardians, educators and parents worry...
FE REPORT | 2024-08-12 00:00:00
Former Bangladesh Prime Minister Sheikh Hasina has spoken out for the first time since her dramatic resignation and departure to India a week ago, hinting at the United States' role in her unceremonious exit, reports the Hindustan Times and the...
FE REPORT | 2024-08-12 00:00:00
People have a perception that Bangladesh's interests were not protected in dealing with India during the previous government, Foreign Affairs Adviser Towhid Hossain said Sunday.He made the remark in response to a question during a media briefing in the foreign...
FE REPORT | 2024-08-12 00:00:00
The government on Sunday formed a seven-member committee to investigate the reasons behind the nationwide shutdown of mobile and broadband internet connections during the job-quota-reform movement.Additional Secretary (Telecom) of the Department of Posts and Telecommunications AKM Amirul Islam will lead...
FE REPORT | 2024-08-12 00:00:00
The government on Sunday asked Bangladesh Bank (BB) Deputy Governor Nurun Nahar to carry out governor's routine duty alongside performing her own work.The Financial Institutions Division (FID) under the Ministry of Finance issued an order in this regard after accepting...
FE REPORT | 2024-08-12 00:00:00
Different trade bodies on Sunday called for strengthening security for factories in the industrial belts and goods-carrying vehicles on the roads and highways.Leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Federation of Bangladesh Chambers and Commerce and Industry...
A bank account holder can withdraw cash up to 200 thousand (two lakh) taka a day for this week given the current security situation, according to a Bangladesh Bank circular.The central bank issued the instruction to the MDs of all...
FE REPORT | 2024-08-12 00:00:00
A daylight shootout Sunday at Islami Bank allegedly over ownership feuds left several people injured, prompting the finance adviser of the just-installed interim government to warn stern legal action against those responsible."None will be spared. Legal action will be taken...
FE REPORT | 2024-08-12 00:00:00
Newly appointed Chief Justice Syed Refaat Ahmed and two more Advisers of the interim government took oath at the Darbar Hall of Bangabhaban on Sunday. The Advisers are Supradeep Chakma and Dr Bidhan Ranjan Roy Poddar. President Mohammed Shahabuddin administered...
JASIM UDDIN HAROON AND JUBAIR HASAN | 2024-08-12 00:00:00
Much-hyped Nagad Digital Bank is on the brink following paradigm shift as the regulator is considering cancelling its licence allegedly for intervention of two influential persons of the immediate-past government. It became Bangladesh's first digital bank in the process of...
US investors shifted heavily into money market funds in the week ending Aug. 7, retreating from riskier assets during a stock market sell-off fueled by fears over an economic slowdown, reports Reuters.According to LSEG data, investors poured a massive $47.48...
LONDON, Aug 11 (Reuters): What looks like a financial market in disarray may instead just be normalization that will ultimately help insulate investment portfolios rather than sending them to the ground.There's little doubt that a bubble has been burst in...
China Evergrande's liquidators have invited investors interested in restructuring the heavily indebted property developer or any of its parts, it said in a filing on Friday, reports Reuters.The move comes as the liquidators do not currently see a path to...
NAIROBI, Aug 11 (Reuters): Nervous investors are avoiding long-dated Kenyan Treasury bills and bonds, central bank data showed, putting more strain on the government's plans to pivot to domestic borrowing after scrapping controversial tax hikes.The latest debt sale, on August...
RIYADH, Aug 11 (Arab News): The Kingdom of Saudi Arabia (KSA) has announced a significant overhaul of its investment law as part of its Vision 2030 reform strategy, aiming to strengthen its appeal to international investors. The revised legislation integrates...
NEW YORK, Aug 11 (AFP): Environmental campaigners in New York (NY) have kept up a campaign of direct action against one of the city's foremost banking empires, Citi, accusing the group of fueling the climate crisis.Enraged by Citi's bankrolling of...
NEW YORK, Aug 10 (Reuters): US auto safety regulators said on Friday that it was opening a preliminary evaluation into approximately 332,288 Hyundai SUVs in the United States over a potentially faulty seat belt.The investigation focuses on certain Hyundai Palisade...
FRANKFURT, Aug 11 (Reuters): Thyssenkrupp said on Saturday its steel division must be restructured to fund investment needs with its own earnings, but that the parent company had provided financial security for the next two years.The comments from Thyssenkrupp CEO,...
RIYADH, Aug 11 (Arab News): Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders. ACWA Guc, which operates the 950-megawatt combined...
The 24th Annual General Meeting of Takaful Islami Insurance Ltd was held virtually on Saturday. Chairman of the company Tahmina Afroz presided over the meeting. Vice Chairman Emdadul Haque Chowdhury, Chairman of Audit Committee Md Mahedi Hasan, Chairman of Nomination...
Janata Bank PLC Managing Director Md Abdul Jabbar inaugurated a 30-day foundation course for its officers (batch 07/24) organised by Janata Bank Staff College (JBSC) in the capital on Sunday. Some 50 senior officers participated at the training course. JBSC...
The Bangladesh Economic Association (BEA) has extended congratulations to Nobel Laureate Prof Dr Muhammad Yunus as the Chief Adviser and other advisers for taking the charge of the interim government, reports BSS.The BEA believes that the interim government, under the...
Bangladesh Chamber of Industries (BCI) has greeted the Interim Government headed by Nobel Laureate Prof Dr Muhammad Yunus, reports BSS."BCI congratulates you (Dr Yunus) for becoming as the Chief Advisor of the Interim Government. The main policy of the independent...
Southeast Bank PLC organized a Foundation Training Course for its newly appointed 31 Trainee Assistant Officer (Gr.-II). Nuruddin Md Sadeque Hossain, the Managing Director of Southeast Bank made the closing remarks bringing the course to a conclusion.
FE REPORT | 2024-08-12 00:00:00
The stock market regulator cancelled the order to withdraw the floor price of six companies, including Salman F Rahman's Beximco, hours after the resignation of its chairman.Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam stepped down...
FE REPORT | 2024-08-12 00:00:00
The daily trade turnover on the Dhaka Stock Exchange (DSE) has exceeded Tk 20 billion-mark on Sunday after 23 months, buoyed by heightened optimism among investors.Investors are optimistic about a new beginning in the market as the securities regulator's Chairman...
Babul Barman and Mohammad Mufazzal | 2024-08-12 00:00:00
Professor Shibli Rubayat-Ul Islam resigned on Saturday night less than three months after his reappointment for the second term amid widespread criticism about his performance.During his tenure of four years and three months, the Bangladesh Securities and Exchange Commission's (BSEC)...
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