ISMAIL HOSSAIN | 2024-01-17 00:00:00
Bangladesh's mobile-phone manufacturing reached a six-month low in December 2023, with factories operating at just 50-60-percent capacity. As key reasons for the slump, industry insiders cited declining customer purchasing power due to inflation and a growing grey market of mobile...
FE REPORT | 2024-01-17 00:00:00
The government has directed the education authorities to close both primary and secondary schools if the mercury drops below 10 degrees Celsius as academic activities are being disrupted across districts due to cold wave.The development came as the Ministry of...
JASIM UDDIN HAROON | 2024-01-17 00:00:00
A half-yearly monetary policy statement (MPS) comes today amid challenges of containing inflation and volatility on the forex market and ensuring good governance in banking.Economists see much of the remedy for economic ills, especially market waywardness, in allowing full float...
FE REPORT | 2024-01-17 00:00:00
Ongoing gas crisis in the country will ease by March, says Nasrul Hamid as he pins his hopes on increased regasification and new domestic output of the fuel.The State Minister for the Ministry of Power, Energy and Mineral Resources, Nasrul...
HONG KONG, Jan 16 (AFP): Asian stocks ticked lower Tuesday as Middle East concerns overshadowed hopes for an early Federal Reserve interest rate cut, with traders now awaiting the release of key data out of China and the United States...
NEW YORK, Jan 16 (Reuters): Cracks are forming in the market's bullish consensus for bonds, as resurfacing fiscal concerns duel with expectations that cooling inflation will push the Federal Reserve to cut interest rates in coming months.Bullish investors believe the...
ShopUp, the largest player in the B2B (business-to-business) commerce sector in the country, has signed a memorandum of understanding (MoU) with Trust Bank Limited at the ShopUp's head office in the capital. Under the agreement, business partners of distribution centers...
The Investment Corporation of Bangladesh (ICB) has congratulated the newly-appointed honourable Finance Minister Mr. Abul Hassan Mahmood Ali, MP, Government of the People's Republic of Bangladesh. On Monday, Prof Dr. Suborna Barua, chairman of the board of directors of the...
Islami Bank inaugurated 12 sub-branches with all modern banking facilities through a virtual platform on Tuesday. Mohammed Monirul Moula, managing director & CEO of the bank, inaugurated the sub-branches as the chief guest. The sub-branches include ECB Chattar in Dhaka,...
Major stock markets in the Gulf were subdued in early trade on Tuesday as hawkish remarks from central bankers tempered expectations for early interest rate cuts, reports Reuters.European Central Bank officials on Monday pushed back on expectations on slashing interest...
FE REPORT | 2024-01-17 00:00:00
General investors will be able to subscribe IPO shares of NRB Bank Limited from January 28.The fourth-generation private commercial bank got regulatory permission to collect capital from the primary market in November last year. It will raise Tk 1 billion...
FE REPORT | 2024-01-17 00:00:00
The Dhaka bourse on Tuesday witnessed a four-month-high turnover, riding on investors' enthusiasm over four major sectors, including pharmaceuticals & chemicals.The broad index also extended its gaining streak for the fifth straight day and secured the highest position in five...
PARIS, Jan 16 (AFP): Counterfeit products-mainly clothes- cost the European economy 16 billion euros a year and result in nearly 200,000 lost jobs, the EU's Intellectual Property Office said Tuesday.The findings, based on data from 2018 to 2021, show that...
GENEVA, Jan 16 (AFP): The number of adult tobacco users has dropped steadily in recent years, the World Health Organization said on Tuesday but it warned Big Tobacco was working hard to reverse that trend.In 2022, about one in five...
SAN FRANCISCO, Jan 16 (AFP): ChatGPT maker OpenAI has said it will introduce tools to combat disinformation ahead of the dozens of elections this year in countries that are home to half the world's population.The explosive success of text generator...
President of Bangladesh Motorcycle Assemblers and Manufacturers Association (BMAMA) and Chairman and Managing Director of Uttara Motors Limited, Matiur Rahman, congratulated newly-appointed Industries Minister Nurul Majid Mahmud Humayun MP with a bouquet recently. Biplob Kumar Roy, CEO of TVS Auto...
A delegation of ICMAB, headed by its President, Md Abdur Rahman Khan FCMA, met Ahsanul Islam (Titu), State Minister for Commerce, on Tuesday. Mr Khan shared the core competencies of the CMAs and shared how this skill could come into...
The Fashion Design Council of Bangladesh (FDCB) has announced that Khadi Fest 2024, an annual celebration of Bangladesh's rich cultural heritage, is set to take center stage once again with its upcoming edition themed "Khadi: The Future Fabric Show."It is...
Bengal Commercial Bank PLC (BGCB) achieved "Global Brand Award 2023" as the "Best New Customer-Centric Banking Brand" in Bangladesh, says a press release received on Tuesday. The UK based "Global Brands Magazine" announced this award on their website recently as...
A Memorandum of Understanding (MoU) was signed between Midland Bank and Zoomlion Heavy Industry Bangladesh Co Ltd (ZHIBCL) at the bank's corporate head office in the city on Jan 15, says a press release. Zoomlion Heavy Industry Science & Technology...
PARIS, Jan 16 (Reuters): France's highest court on Tuesday rejected a request from French cement maker Lafarge that it dismiss charges of complicity in crimes against humanity as part of an enquiry into how the group kept its factory running...
FE REPORT | 2024-01-17 00:00:00
The Bangladesh Jewellers Association (BAJUS) called on the government on Wednesday to include their representatives in the home ministry's anti-gold smuggling task force, citing concerns over alleged harassment by law enforcement officials.BAJUS leaders made the request during a meeting with...
The United States (US) Ambassador to Bangladesh Peter Haas today paid a courtesy call on State Minister for Posts, Telecommunications and Information Technology Zunaid Ahmed Palak at his office at the secretariat in Dhaka on Tuesday, reports BSS.During the meeting,...
FE REPORT | 2024-01-17 00:00:00
The government is set to launch a month-long sales drive of essential items for around 10 million low-income families countrywide tomorrow (Thursday), sources said.Currently, the state-run Trading Corporation of Bangladesh (TCB) runs the drive at subsidised rates every month. The...
TOKYO/SEOUL, Jan 16 (Reuters): Two aircraft belonging to Korean Air Lines and Cathay Pacific Airways clipped wings at New Chitose Airport on Japan's northern island of Hokkaido on Tuesday amid wintry conditions, a Korean Air official said.No injuries were reported...
COLOMBO, Jan 16 (Reuters): Sri Lanka's Colombo port has seen a big jump in container volumes in recent weeks as vessels steering clear of tensions in the southern Red Sea have found it a convenient transit point, officials said on...
State Minister for Posts, Telecommunications and ICT Zunaid Ahmed Palak today directed the Bangladesh Telecommunication Regulatory Commission (BTRC) authorities to take steps to block all unregistered mobile phones, reports BSS.He issued the directive at a meeting with senior officials of...
Biman Bangladesh Airlines has become the title sponsor of the 19th edition of the upcoming international tourism fair styled "Biman-Dhaka Travel Mart 2024". The fair will be held at Pan Pacific Sonargaon Hotel in the capital on 8-10 February, organized...
FE REPORT | 2024-01-17 00:00:00
Textiles and jute minister Jahangir Kabir Nanak has announced the government's commitment to boosting export earnings from jute and jute goods to an extraordinary level.Addressing a meeting with officials from the Bangladesh Textile Mills Corporation (BTMC) in Dhaka on Tuesday,...
US co's lunar lander will burn up in earth's atmosphere after failed moonshotCAPE CANAVERAL, Jan 16: A U.S. company's lunar lander will soon burn up in Earth's atmosphere after a failed moonshot. Astrobotic Technology said its lander is now headed...
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