DOULOT AKTER MALA | 2024-05-14 00:00:00
The government is likely to set a Tk 4.80-trillion tax-revenue-collection target for the National Board of Revenue in the next fiscal year, according to sources, which will be a 17.07-per-cent increase over the revised target of Tk 4.10 trillion for...
JUBAIR HASAN | 2024-05-14 00:00:00
Bangladesh barely gains from growing current-account surpluses in the balance of payments (BoP) as bloating deficit in trade credits in financial account erodes the positive outcomes through LC contractions.Economists term an almost fourfold rise in the trade deficit the biggest...
FE REPORT | 2024-05-14 00:00:00
What may transpire in talks becomes a buzz as United States assistant secretary of state Donald Lu is scheduled to arrive here today, on his first trip after Bangladesh polls.Mr Lu, who is in charge of the Bureau of South...
SYFUL ISLAM | 2024-05-14 00:00:00
Curbing inflationary pressures on people, enhancing revenue, discouraging import of luxury items and augment foreign direct investment (FDI) are must-do instructions for finance officials finalising next fiscal budget. They also have to make sure that the election manifesto of the...
FE REPORT | 2024-05-14 00:00:00
Overall inflation in Bangladesh edged down to 9.74 per cent in April although food-and rural inflation indices showed further rise, latest official statistics show. Rural people faced higher inflationary pressures in recent months as the inflation rate there had risen...
Europe's STOXX 600 struggled for direction on Monday, as investors geared up for this week's key US inflation prints and a slew of economic data from the euro zone that could test the benchmark index's record-breaking run, reports Reuters.The pan-European...
The board of directors of Shahjalal Islami Bank held its 379th meeting recently at the bank's corporate head office. The meeting was chaired by Mohammed Younus, vice-chairman of the board. Managing Director Mosleh Uddin Ahmed and Company Secretary Md Abul...
SHANGHAI/BEIJING, May 13 (Reuters): China's finance ministry said on Monday it would start the long-awaited sales of long-term special treasury bonds that Beijing hopes will help stimulate key sectors of a flagging economy this week.The finance ministry confirmed what four...
If financial markets are right, interest rates won't just stay high this year, but possibly forever, reports Reuters.The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral interest rate that balances...
The Annual Conference 2023 of Pragati Life Insurance Limited was held in Cox's Bazar recently. Chairman of the company Khalilur Rahman inaugurated the conference as the chief guest. Md. Jalalul Azim, CEO, presided over the conference. Additional Managing Director (F&A)...
Exim Bank recently inaugurated a service booth at the Ashkona Hajj camp to provide services to pilgrims during this hajj season. The inauguration ceremony, held at the service booth itself, saw Mohammad Feroz Hossain, managing director and CEO of Exim...
Southeast Bank's training institute recently organised a comprehensive in-house training programme titled 'Marketing Strategy of Southeast Bank's Tijarah Islamic Credit Card: Sales Technique & Product Knowledge'. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and around 55 participants from...
United Commercial Bank (UCB) and Jams Developments & Construction Ltd (JAMS Group) have joined forces to make home loans more accessible for all. They signed a memorandum of understanding (MoU) during a recent ceremony held at UCB's corporate head office....
FE REPORT | 2024-05-14 00:00:00
LafargeHolcim experienced a double digit year-on-year decline in profit in January-March this year, owing to a lower operating income. Its operating profit fell 13 per cent to Tk 2.12 billion in the first quarter through March, compared to the same...
FE REPORT | 2024-05-14 00:00:00
Taufika Foods and Lovello Ice-cream has been witnessing an unabated price hike over the last three and a half months.Since the end of January, the share price jumped 236 per cent. Meanwhile, the Dhaka Stock Exchange (DSE) on Sunday asked...
FARHAN FARDAUS | 2024-05-14 00:00:00
State-run Investment Corporation of Bangladesh (ICB) is forging a survival plan with the hope of receiving promised capital support from the government.The biggest investment bank in the country, it had maintained a strong performance after listing in 1977 through 2011,...
MELBOURNE, May 13 (AP): A light plane with three people aboard landed safely without landing gear Monday after circling an Australian airport for almost three hours to burn off fuel.The pilot, Peter Schott, and his passengers, a 60-year-old man and...
MALÉ, May 13 (AFP): The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.Since winning office last year, President Mohamed...
PARIS, May 13 (AFP): Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.The announcements came on the eve of the seventh Choose...
Citizens Bank PLC has partnered with Trust Bank to offer homebound Western Union-branded money transfer services through the branches of Citizens Bank. Mohammad Masoom, Managing Director & CEO of Citizens Bank, and Ahsan Zaman Chowdhury, Managing Director (In-Charge) of Trust...
Sadharan Bima Corporation on Sunday handed over a death claim cheque for Tk 1.2 million for the death of Air Force Squadron Leader Asim Jawad who died in a recent training aircraft crash. The cheque was handed over to Bangladesh...
Indian High Commissioner Pranay Verma paid a courtesy call on State Minister for Water Resources Zahid Faruk at the latter's secretariat office in Dhaka on Monday. They discussed issues relating to bilateral interests, especially cooperation in the water resources sector,...
DUBAI, May 13 (AFP): Dubai's Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 per cent, as the airline company set a new record for the second year in a row.Citing strong customer demand, it...
TOKYO, May 13 (AFP): SoftBank Group reported Monday a sharply narrowed full-year net loss as the Japanese investment giant pivots into artificial intelligence technologies.For the year to April, SoftBank was 227.6 billion yen ($1.5 billion) in the red compared to...
NEW DELHI, May 13 (Reuters): India's retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on Monday.Annual retail inflation in April was 4.83 per cent, down from 4.85...
ANKARA, May 13 (AFP): Turkey announced Monday a three-year austerity plan aimed at reducing public spending to calm inflation that reached heights of nearly 70 per cent year-on-year in April.The government said it will limit recruitment and transport spending for...
MOSCOW, May 13 (Reuters): Russian wheat export prices rose last week as the current crop was hit by unseasonal May frosts.The price of 12.5 per cent protein Russian wheat scheduled for free-on-board (FOB) delivery in June was $221 a tonne,...
NEW DELHI, May 13 (Reuters): India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.India has been developing the...
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