PARIS (Reuters): Bank of France Governor François Villeroy de Galhau said on Thursday he hoped the country's political gridlock would be resolved by September, when parliament must vote on the budget of the euro zone's second-largest economy. Last Sunday's parliamentary...
FE REPORT | 2024-07-12 00:00:00
Some 10 private commercial banks and three financial institutions have been rated as sustainable financial institutions in Bangladesh.According to the Bangladesh Bank's sustainable report 2023, the 10 top banks are BRAC Bank, City Bank, Eastern Bank, Exim Bank, Jamuna Bank,...
The Bangladesh Meteorological Department has predicted heavy rains for three days in the country's five divisions at the end of Ashar, the first month of monsoon in the Bangla calendar, under the influence of an active monsoon trough, reports bdnews24.com.In...
The Government of Bangladesh has launched the 'Transfer of Development Right (TDR)' initiative, similar to those in developed countries, to safeguard agricultural lands, three-crop fields, and reservoirs outlined in the Detailed Area Plan (DAP) (2022-2035).Under the TDR system, landowners of...
In a shift from tradition, Bangladesh Bank has decided to publish its monetary policy statement (MPS) online to avoid potential boycotts by economic reporters.Traditionally, the central bank has held press conferences where mainstream media reporters and senior journalists gather to...
FE REPORT | 2024-07-12 00:00:00
The Anti-Corruption Commission (ACC) has approved the charge sheet against Abul Khair Litu, chairman of Bengal Group Limited, for acquiring assets worth over Tk 900 million illegally.ACC deputy director Md Kamruzzaman, who is also the investigative office of the case,...
FE REPORT | 2024-07-12 00:00:00
The National Board of Revenue (NBR) is set to adopt a 'Customs Strategic Plan 2024-2028' to modernise customs procedures, streamline cross-border trading, and enhance revenue collection. Publication of the policy paper in this regard is expected to be completed by...
MUNIMA SULTANA | 2024-07-12 00:00:00
The cost of Khulna-Darshana double-track rail line, an important project to strengthen regional connectivity, is set to go up by around Tk 20 billion from the initial estimate.The expenditure is now estimated to be Tk 55 billion as the feasibility...
FE REPORT | 2024-07-12 00:00:00
Prices of rice, lentils, onions, garlic and ginger increased once again last week, battering the commoners further.Rice witnessed Tk2.0-3.0 hike in price per kg in the wholesale and retail levels as coarse varieties of rice sold at Tk52-55 each kg,...
FE REPORT | 2024-07-12 00:00:00
A Dhaka court on Thursday ordered the authorities concerned to confiscate all moveable and immoveable assets of former NBR official Matiur Rahman and his family members on charges of corruption.Mohammad Ash-Shams Joglul Hossain, judge of the Metropolitan Senior Special Judge's...
M AZIZUR RAHMAN | 2024-07-12 00:00:00
Summit LNG Terminal reached Moheshkhali mooring facility on Wednesday night following the fixing of the damage done during the recent cyclone Remal."The floating, storage and regasification unit (FSRU) will resume liquefied natural gas (LNG) regasification next week," Summit Corporation Managing...
JASIM UDDIN HAROON | 2024-07-12 00:00:00
Interbank foreign-exchange turnover that declined nearly 9.0 per cent during the first nine months of the last fiscal, year on year, is on a recovery path following the introduction of the crawling-peg system.The forex turnover during July-March period of FY...
FE REPORT | 2024-07-12 00:00:00
In its full verdict on the contentious job quota system, the High Court has directed the government to maintain quota of all types in public service.At the same time, it has given an option to reform or revise the quota...
FE REPORT | 2024-07-12 00:00:00
Sporadic clashes between cops and quota protesters occurred in different places as the demonstrators Thursday scaled police cordons to continue street squatting to press for an executive order recasting the quota system in government recruitment. Several protesters were injured during...
FE REPORT | 2024-07-12 00:00:00
Bangladesh and China have decided to elevate bilateral ties to "comprehensive strategic cooperative partnership", says a joint statement issued Thursday on agreed points reached during Prime Minister Sheikh Hasina's Beijing trip.At the invitation of Chinese premier Li Qiang, Sheikh Hasina...
MONIRA MUNNI | 2024-07-12 00:00:00
Around US$20-billion shortfall in Bangladesh's export proceeds for last two fiscal years has been detected initially as the Export Promotion Bureau started a recheck of shipments following a miscalculation row, sources said.Following the finding of the faux pas in export...
Most major stock markets in the Gulf were little changed in early trade on Thursday, while the Saudi market was slightly lower, as traders counted down to US data later in the day that is expected to show inflation easing...
SINGAPORE, July 11 (Reuters): Taiwan's TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia's most valuable company.TSMC also topped a trillion dollar market value this week.The...
HONG KONG, July 11 (AFP): Asian stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.The...
FRANKFURT, Germany, July 11 (AFP): The number of ECB staff suffering from burnout has risen steadily in recent years to reach nearly four in ten, according to an internal study seen by AFP Thursday.The number of employees at the European...
Pfizer plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year, the company said on Thursday, after scrapping a twice- daily version of the drug late last year, reports Reuters. The new...
Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the second half of the year, reports Reuters.According to exchange data,...
Barobi Design, the exclusive distributor of luxury and innovation in bathware, hosted the launch of Jomoo's latest collection of intelligent and luxury bathware solutions at their flagship store at Banani in Dhaka recently. The successful launch underscores Barobi Design's commitment...
A Memorandum of Understanding (MoU) has been signed between Bangladesh House Building Finance Corporation (BHBFC) and Rajdhani Unnayan Kartripakkha (RAJUK) regarding BHBFC's home loan for flat and apartments built by RAJUK. The MoU was signed on Thursday at RAJUK Bhavan...
The 877th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the Bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of Executive Committee...
Four new factories in Bangladesh have recently been certified as LEED Platinum-rated, marking a significant achievement in the country's sustainable industrial growth over the years, reports BSS. The factories of the companies are Shirts Limited, Aptech Caswier Ltd, Ananta Jeanswear...
Prime Bank PLC. has signed a payroll banking agreement with REVE Group. Under the agreement, Prime Bank will extend exclusive benefits to REVE Group employees, including preferential offers in Accounts, Credit Cards, loans, and digital banking solutions. These offerings are...
The Premier Bank PLC has shifted its Islami Banking Branch, Mohakhali, to spacious new premises (MS Center, Mohakhali C/A, Dhaka-1212) to provide the most modern and the best-in-class customer service. Managing Director & CEO of the Bank Mohammad Abu Jafar...
Mutual Trust Bank PLC (MTB) has been honoured as one of the top ten sustainable banks in Bangladesh by the central bank of Bangladesh, reflecting its commendable performance in 2023. This prestigious recognition, awarded by the Sustainable Finance Department (SFD)...
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