Students and job aspirants gather at key points in the capital to protest against the reinstatement of the quota system in public recruitment, blocking vehicular movement on Wednesday. The nationwide blockade, named 'Bangla Blockade', paralyses Dhaka traffic, leaving women, children...
M AZIZUR RAHMAN | 2024-07-11 00:00:00
A major pipeline dedicated to carry RLNG from Moheshkhali Island was damaged Tuesday afternoon, intensifying the gas supply shortage in most parts of the country.Immediately after the incident, the authorities concerned had to squeeze re-gasification of liquefied natural gas (LNG)...
SYFUL ISLAM | 2024-07-11 00:00:00
A row over export-data mismatch is now followed by allegation that inflated data on container-handling performance have long been produced under the Chittagong Port Authority (CPA) domain, sources said. Such alleged prime-port miscalculation of container handling only adds credence to...
FE REPORT | 2024-07-11 00:00:00
The country's foreign exchange reserves fell to US$20.46 billion on Wednesday after a payment of US$1.42 billion to the Asian Clearing Union (ACU) for the May-June period.The information was posted in a WhatsApp group for journalists on Wednesday by Bangladesh...
FE REPORT | 2024-07-11 00:00:00
Commuters suffered abjectly as city transport virtually came to halt Wednesday under countrywide 'Bangla Blockade' enforced by students to press for a recast of quota in government recruitment, and they vowed to continue the protests. An apex-court order of "status...
Beijing offered concessional development funding as Bangladesh and China Wednesday signed 21 cooperation documents, mostly MoUs, aiming to consolidate development and economic cooperation between the two Asian countries.Capping talks during Prime Minister Sheikh Hasina's visit, the two countries also announced...
Hedge fund manager Bill Ackman kicked off fundraising for a new US-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some...
LONDON, July 10 (Reuters): The remarkable thing about investor reaction to the UK's new Labour government is how much just a modicum of stability, consistency and competence is being richly applauded.With exposure to British assets at such a low ebb...
Just a couple of weeks ago, France was under scrutiny over how it would plug the holes in its budget. Now the issue is whether the euro area's second largest economy can muster a budget at all, reports Reuters.What France...
MOSCOW, July 10 (Reuters): India increased its imports of Russian grain and grain products 22 fold, well above other major importers, in the 2023/24 agricultural season, according to data released during Prime Minister Narendra Modi's visit to Moscow.Economic cooperation between...
LONDON, July 10 (Reuters): Britain's new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National Wealth Fund atop the existing state-owned agencies and freeing up money for immediate use.Prime...
Apon Enterprise, an exclusive distributor showroom of Walton, has been inaugurated at Akkelpur in Joypurhat. All kinds of Walton brand's electrical, electronics and digital devices, and home and kitchen appliances are available in the showroom. On the occasion, Apon Enterprise...
Shari'ah-based Standard Bank organised a two-day training on 'Investment Operations & Management' for the Investment Desk officials of the bank. Mohammad Mohon Miah, Managing Director & CEO (acting), inaugurated the training as the chief guest at the bank's Learning Center...
The 3rd meeting of the Investment Committee of Takaful Islami Insurance Limited was held in Dhaka on Tuesday. Chairman of the committee Engr. Khandaker Mesbahuddin Ahmed presided over the meeting attended by committee members Tahmina Afroz, Jahirul Islam, Shahanaz Parvin...
Rupali Bank signed a Memorandum of Understanding (MoU) with National Pension Authority (NPA) to implement Universal Pension Scheme. NPA Chairman and Finance Division's Additional Secretary Kabirul Yazdani Khan and the bank's Managing Director & CEO Mohammad Jahangir inked the agreement...
Industries Minister Nurul Majid Mahmud Humayun visits a stall at a trade fair titled 'Top Thai Brands 2024' after its inaugural ceremony at Pan Pacific Sonargaon Dhaka on Wednesday. The Royal Thai Embassy and Thai Trade Centre organised the four-day...
Marriott International's Renaissance Dhaka Gulshan Hotel has been hosting a South Indian Food Fest at the Bahar Multicuisine Restaurant, says a press release.The festival that began July 3 will run through July 13. This festival features an exquisite culinary journey...
Energypac Power Generation PLC has celebrated its 20 years of meaningful partnership with UK-based Perkins, one of the world's leading providers of diesel engines. This marks a significant step towards the mutual relationship between them, says a press release. Perkins...
Mutual Trust Bank (MTB) is proud to announce its recognition as the "Best Bank in Diversity and Inclusion Bangladesh 2024" by Global Business Magazine, according to a press release. This prestigious award highlights MTB's commitment to fostering a diverse and...
Zakia Rouf Chowdhury has been re-elected as vice chairman of Bank Asia at the board of directors' meeting held recently, according to a press release.She has an illustrious business career of more than 35 years in the private sector of...
FE REPORT | 2024-07-11 00:00:00
Stocks slipped into the red on Wednesday, snapping a six-day rally, as cautious investors opted for booking profit.Market insiders said stocks that had seen significant price appreciation in the last few trading days underwent correction on Wednesday. Price erosion of...
FE REPORT | 2024-07-11 00:00:00
Trouble-ridden People's Leasing and Financial Services Ltd. showed a slight reduction in its sky-high losses in a delayed financial statement published on Wednesday.The non-bank financial institution (NBFI) disclosed financial results for 2022, which it was supposed to make public by...
FE REPORT | 2024-07-11 00:00:00
After Power Grid, the stock market regulator has given permission to the Dhaka Electric Supply Company (DESCO) to issue preference shares to the government against share money deposits. The preference shares will not be incorporated into the paid-up capital and...
DUBAI, July 10 (Reuters): Abu Dhabi National Oil Company on Wednesday awarded stakes in its Ruwais liquefied natural gas (LNG) expansion project to four international companies, as competition intensifies among Gulf states to produce the fuel.Energy companies are betting on...
WASHINGTON, July 10 (AFP): The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to prevent China-origin goods from avoiding tariffs.The election-season actions by President Joe Biden's administration mark the latest in a series of...
NEW DELHI/LUCKNOW, July 10 (Reuters): A move by India's Uttar Pradesh state to waive some levies on hybrid cars will make them 10 per cent cheaper, delivering Japan's Toyota Motor a big win in lobbying efforts and raising industry and...
Dhaka Regency Hotel & Resort and NRB Bank have signed a Memorandum of Understanding (MoU) to introduce exclusive offer on various outlets. Shahid Hamid FIH, Executive Director of Dhaka Regency Hotel & Resort, and Md. Shaheen Howlader, Deputy Managing Director...
Community Bank Bangladesh PLC, as a participant in the Bangladesh Bank-Long Term Financing Facility (BB-LTFF), has signed a participating agreement with Bangladesh Bank. In presence of Dr. Md. Habibur Rahman, Deputy Governor of Bangladesh Bank, the agreement was signed by...
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