The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recently entered into a transformative partnership agreement with BRAC, the trailblazer in the microfinance industry. The signing ceremony, held at BRAC Centre in Dhaka recently, marks a significant step...
BGMEA President Faruque Hassan has called upon Gloria Jeans, a Russian high street retail giant, to consider expanding its sourcing of garments from Bangladesh, especially high-value and non-cotton items, reports UNB.The BGMEA president made the call during a meeting with...
FE REPORT | 2023-12-01 00:00:00
Prioritising intellectual property rights (IPR) and preventing counterfeiting are among baits that would attract foreign investment considered important in preparation for Bangladesh's graduation to middle-income-country status. Speakers made such suggestion at a seminar on 'IPR Protection & Practices: Driving Economic...
TOKYO, Nov 30 (Reuters): Japan's big tax break to incentivise its citizens to funnel some of the trillions of yen held in cash into stock market investments and boost the economy is succeeding, but only partially.Under Prime Minister Fumio Kishida,...
HONG KONG/SYDNEY Nov 30 (Reuters): Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely, has put its US initial public offering (IPO) on hold because of a mismatch in valuation expectations, two sources with direct knowledge of the...
LONDON, Nov 30 (Reuters): Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to a survey by the Official Monetary and Financial...
BENGALURU, Nov 30 (Reuters): Shares of India's Tata Technologies jumped as much as 180 per cent on their trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 567.94 billion rupees ($6.8...
NEW YORK, Nov 30 (Reuters): Renewed appetite for stocks is helping to drive investors' interest in volatility-linked options that could buffer their portfolios against stock swings, putting those contracts on track for record trading volume this year.The S&P 500 is...
ORLANDO, Florida, Nov 30 (Reuters): If cash has been king, the Fed may be plotting regicide.As the Federal Reserve's policy 'pivot' draws into view, investors face a $6 trillion question - where to deploy this record amount of cash if...
HONG KONG, Nov 30 (Reuters): BNP Paribas plans to make at least a dozen hires in its equities business in Asia next year and will end a research outsourcing pact with Morningstar, two sources with knowledge of the matter said,...
Islami Bank Bangladesh got the 'Excellence in Mastercard Prepaid Business (Domestic) Award 2022-2023' award at the Mastercard Excellence Award 2023. Abul Faiz Muhammad Kamaluddin, deputy managing director of the bank, received the award from Atiur Rahman, former governor of Bangladesh...
BRAC Bank has won the 'PMO of the Year Award' from the Project Management Institute (PMI), USA's Bangladesh Chapter. Selim R. F. Hussain, managing director and CEO, BRAC Bank, received the award from Russell T Ahmed, president of the Bangladesh...
Dr Shamsul Alam, former state minister of the planning ministry, was present as chief guest at a conference on Thursday, organised jointly by the Institute of Chartered Accountants of Bangladesh (IC1AB), Victoria University of Wellington, New Zealand, and the Dhaka...
FE REPORT | 2023-12-01 00:00:00
Dulamia Cotton Spinning Mills may have to shut down permanently for the company has failed to revamp its production unit, replacing outdated machinery. It has been out of production for the last three years. The auditor said the company might...
FE REPORT | 2023-12-01 00:00:00
FAS Finance & Investment is bound to have a slow death. What is to be seen is how long it can survive bearing losses. Loan scams orchestrated by Proshanta Kumar Halder alias PK Halder between 2015 and 2017 left it...
Bangladesh's Najmul Hossain Shanto celebrates after scoring a half-century (50 runs) during the third day of the first Test cricket match between Bangladesh and New Zealand at the Sylhet International Cricket Stadium in Sylhet on Friday. — AFP
Long-haul buses lie idle beneath the Sayedabad-Jatrabari stretch of Mayor Hanif Flyover as the city experiences almost regular traffic flow during the BNP's nationwide hartal on Thursday. — FE photo
ROME, Nov 30 (Reuters): Italian lawmakers on Thursday approved a government decree that allows migrants aged 16 or 17 to be held in adult reception centres and gives police stronger powers to check that migrants are not falsely claiming to...
FE REPORT | 2023-12-01 00:00:00
Bangladesh Nationalist Party (BNP) announced on Thursday its ninth round of countrywide blockade programme for Sunday to realise some longstanding demands.The blockade programme will start at 6:00 am Sunday and continue until 6:00 am. Senior joint secretary general of BNP...
FE REPORT | 2023-12-01 00:00:00
Transparency International Bangladesh (TIB) expressed concern that the upcoming 12th national election would not reflect the people's will as it would not be truly participatory polls.Referring to previous polls in 2014 and 2018 and citing the so-far pre-poll atmosphere for...
TEL AVIV, Nov 30 (AFP): Visiting US Secretary of State Antony Blinken told Israeli leaders on Thursday that a temporary truce in their war with Hamas was "producing results" and should continue.Blinken, on his third trip to the region since...
FE REPORT | 2023-12-01 00:00:00
Speakers at an international conference on Thursday said sustainability-related disclosure in the public sector financial reports should be of high quality and usable for decision making. Importantly, they said, it should be subject to effective audit which can help build...
MONIRA MUNNI | 2023-12-01 00:00:00
In tandem with latest such western moves comes a European Union report carrying concerns over labour-and human-rights situation in Bangladesh, with implicit reference to facilities in the country's largest export market. The EU in its report, based on firsthand findings...
FE REPORT | 2023-12-01 00:00:00
The National Board of Revenue (NBR) has taken initiatives to address the flaws identified in the new Income Tax Act 2023 for the greater interest of the people."After sitting and consulting with relevant stakeholders, the new law was enacted. Despite...
FE REPORT | 2023-12-01 00:00:00
Leading entrepreneur Kamran Tanvirur Rahman has been elected President of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) for the year 2024. Tech-entrepreneur Habibullah N. Karim and Group CEO of Transcom Limited Simeen Rahman have been elected Senior Vice...
FE REPORT | 2023-12-01 00:00:00
Foreign Minister Dr AK Abdul Momen said that Bangladesh need not worry about the new US labour policy, which the White House mentions as a "historic step to advance worker empowerment, rights and high labour standards globally".Addressing concerns raised in...
FE REPORT | 2023-12-01 00:00:00
The first-ever intercity train between Dhaka and Cox's Bazar will roll on from the beach town this (Friday) afternoon, marking a momentous occasion in Bangladesh's railway history.With this, the commercial rail operation on the Dhaka-Cox's Bazar route will begin, operating...
JUBAIR HASAN | 2023-12-01 00:00:00
Yet another appreciation of the local currency against the US dollar surprises money-market analysts who see the cuts in exchange rate as 'artificial', not driven by market dynamics.Raising question over frequent depreciation of the greenback at a time when Bangladesh's...
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