FE REPORT | 2024-07-19 00:00:00
The securities regulator has paved the way for private limited companies to be sponsors of mutual funds (MFs).The Bangladesh Securities and Exchange Commission (BSEC) on Thursday issued a directive in this regard setting some eligibility criteria.As per the existing rules,...
FE REPORT | 2024-07-19 00:00:00
Non-listed Kapita Packaging Solutions has finally completed acquiring stakes of Yeakin Polymer's sponsor-directors nearly two years after receiving regulatory approval.It purchased more than 22.19 million shares constituting a 30.52 per cent stake in Yeakin Polymer outside the trading system of...
FE REPORT | 2024-07-19 00:00:00
Stocks plunged on Thursday mainly due to panic sell-offs, with turnover hitting one-month low, as the ongoing quota reform protests took a bloody turn across the country, denting investor confidence.The presence of investors on the trading floor was thin and...
NEW YORK, July 18 (Reuters): Blackstone said on Thursday its second-quarter distributable earnings rose 3 per cent from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in...
FRANKFURT, July 18 (AFP): European Central Bank policymakers are expected to leave borrowing costs on hold Thursday, buying time to make sure inflation is on the right track before cutting interest rates again.The ECB's governing council reduced interest rates for...
NEW YORK, July 18 (Reuters): Top Republicans in the US Congress called on Wednesday for the head of the Secret Service to resign after an assassination attempt wounded former President Donald Trump on Saturday, and the House launched a bipartisan...
Bangladesh LPG Autogas Station and Conversion Workshop Owners Association has demanded an increase in the commission on the sale of LPG autogas for motor vehicles, reports UNB.The association placed the demand during a meeting with Bangladesh Energy Regulatory Commission (BERC)...
FE REPORT | 2024-07-19 00:00:00
Bangladeshi authorities have used unlawful force against student protesters and failed to ensure their protection during the ongoing 'Bangla Blockade' demanding quota reform, said Amnesty International.Witness testimonies, video and photographic evidence analysed and authenticated by the global rights body and...
In response to the unrest sparked by ongoing protests demanding reforms to the quota system in government jobs, mobile internet services have been temporarily shut down, State Minister for Posts, Telecommunications, and Information Technology, Zunaid Ahmed Palak said Thursday, reports...
Amid the nationwide 'complete shutdown' by students seeking quota reforms in public job recruitment, commuters including the elderly and women brave long distances on foot in Dhaka on Thursday. — FE Photo by Asad-Uz-Zaman
Prime Minister Sheikh Hasina on Thursday urged the local and foreign entrepreneurs to come up with investment in extracting the marine resources as Bangladesh is determined to strengthen its ocean economy amid the growing demand of seafood in the world,...
FHM HUMAYAN KABIR | 2024-07-19 00:00:00
The Asian Development Bank (ADB) has revised down Bangladesh's economic growth forecast for the outgoing and current fiscal years from its earlier projection made in April last, as the country's industrial output is likely to decline during the period.It also...
FE REPORT | 2024-07-19 00:00:00
Economists expressed mixed reactions over the latest Monetary Policy Statement (MPS) for the next six months up to December, 2024. Former World Bank's Dhaka office lead economist Dr Zahid Hussain said the central bank thinks they have taken enough tightening...
Mir Mostafizur Rahaman | 2024-07-19 00:00:00
The ongoing unrest across the country poses downside risks of supply chain disruptions and further erosion in investment, economists have said, calling upon all to show restraint for putting an immediate end to violence.They also stressed the need for keeping...
FE REPORT | 2024-07-19 00:00:00
Nearly 17 people were killed and a thousand more injured Thursday as protracted quota-reform movement turned street fights between protesters and law- enforcers and ruling-party supporters, officials and witnesses said. As chaos gripped the country amid widespread clashes, the government...
JASIM UDDIN HAROON & JUBAIR HASAN | 2024-07-19 00:00:00
No more printing of money or currency swaps with banks while base rates will stay steady as monetary tightening continues in July-December period to tame inexorable inflation.Bangladesh Bank, the country's central bank, Thursday rolled out half-yearly monetary policy statement or...
Rownak Jahan | 2024-07-19 00:00:00
As Shrabon clouds shroud the sky and stir a sense of nostalgia among us, today marks the arrival and departure of two literary giants: the birthday of Qazi Anwar Husain and the death anniversary of Humayun Ahmed.Humayun, the creator of...
Asjadul Kibria | 2024-07-19 00:00:00
They were the common inhabitants of one world, and they are still there even after their passing into eternity. They had many things in common, and at the same time, there were many dissimilarities or contrasts among them, too. However,...
That an increasing number of foreign nationals seek work permits in Bangladesh highlights the issue of skills gap in our local workforce. Reportedly, in the current fiscal year, the Bangladesh Investment Development Authority (Bida) approved 16,303 applications from nationals of...
The recent report on economic loss sustained by Bangladesh to the tune of Tk 65 billion daily amid the ongoing unrest is deeply concerning. The combination of blockades and violent clashes over quota reform has strained our economy significantly. This...
Nilratan Halder | 2024-07-19 00:00:00
Money and politics are by no means strange bedfellows. Economists and social scientists the world over have continuously attempted to propound economic theories aimed at maximising national and individual wealth. Ever since the transition of political orders from the old...
Dismissal of the need to revise GDP and per-capita income by the ministry of finance (MoF) due to discrepancies in export data has sparked controversy over the methods used in calculating crucial economic statistics. In a press statement, the ministry...
Syed Badrul Ahsan | 2024-07-19 00:00:00
It has happened again. America's gun culture has been at work yet once again. The assassination attempt on Donald Trump reveals with disturbing clarity how a society which permits people to come by guns easily can often create havoc for...
Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Mymensingh and Sylhet divisions and at one or two places over Rajshahi, Dhaka, Chattogram, Khulna and Barishal divisions with moderately...
Dhaka's air quality continues to be in the 'moderate' zone on Tuesday morning, reports UNB.With an air quality index (AQI) score of 67 at 9:05 am, Dhaka ranked 30th on the list of cities worldwide with the worst air quality.Pakistan's...
FE REPORT | 2024-07-17 00:00:00
The UK is providing vital humanitarian assistance worth 30,000 euro (Tk 45 million) to support the flood-affected communities in Sylhet, where over three million people are impacted and 260,000 are displaced. This UK contribution will be managed by START Fund...
The selection round of Chattogram division of the country's biggest talent-based TV reality show 'Ispahani Mirzapore Banglabid - Season Six' will take place tomorrow (Friday), says a press release.The audition will be held on the premises of Ispahani Public School...
FE REPORT | 2024-07-17 00:00:00
The High Court (HC) on Tuesday issued a rule upon the government's bodies concerned to explain in six weeks as to why their inaction and malfeasance in damaging the lives of the Malaysia-bound workers should not be declared illegal.In the...
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