FE REPORT Cold storage operators have sought an extension for the rescheduling of their bank loans until December 2024, industry sources said. The Bangladesh Cold Storage Association (BCSA) has recently wrote to the finance and commerce adviser to address this...
WASHINGTON, Sept 11 (Reuters): US bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and...
Unilever achieves SDG Brand Champion AwardsUnilever Bangladesh Limited (UBL), the country's leading Fast-moving Consumer Goods (FMCG) company, was honoured with the SDG Brand Champion Awards 2024 in two categories for its impactful contributions: the 'Sustainable Partnerships & Institutions' award for...
Berger Paints gets two SDG Brand Champion Award Berger Paints Bangladesh Limited has been recognized at the SDG Brand Champion Awards 2024 in two categories: Winner in Sustainable Partnerships & Institutions and Honourable Mention in Equity, Diversity, and Inclusion. The...
GPH ispat wins SDG Brand Champion Award GPH ispat, one of the leading steel manufacturers in the country, won the prestigious SDG Brand Champion Award for the second consecutive year. The award, presented in the Responsible Production and Consumption category,...
FE REPORTLeaders of the Bangladesh Textile Mills Association (BTMA) on Wednesday called for an uninterrupted gas supply and a revision of previously set prices, saying that mills are currently operating at only 30 to 40 per cent of their capacity...
BEIJING, Sept 11 (Reuters): China's state council on Wednesday said it will issue concrete guidelines to strengthen supervision and prevent risks in the country's insurance industry, according to a statement.The broad move will strictly approve the establishment of new insurance...
NEW DELHI, Sept 11 (Reuters): India's push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival.Ties between the world's two...
BCB BOARD MEETING HELDThe newly formed Board of Directors of Bangladesh Commerce Bank Limited (BCB) held its meeting at the bank's head office on Tuesday. Chairman of the Board of Directors Md Ataur Rahman presided over the meeting. Directors Md...
SMC Enterprise Limited, one of the leading social business enterprises in the country, is set to use bKash's B2B (business to business) cash collection solution. The strategic move enables SMC to convert their cash into electronic money (e-money) from designated...
RUPALI BANK BUSINESS CONFERENCE HELD IN BARISHAL Rupali Bank PLC organised Business conference-2024 of Barishal Division at Bangladesh Rice Research Institute in Barishal on Tuesday. The bank's Managing Director Mohammad Jahangir was present as the chief guest. The bank's Barishal...
BRAC Bank inaugurates renovated Sylhet BranchBRAC Bank has inaugurated a renovated Sylhet Branch to provide more convenience and amenities to the customers. Meheriar M. Hasan, Chairperson, BRAC Bank, formally inaugurated the branch at Pallabi Trade Centre on Sunamganj Road, Subid...
ZURICH, Sept 11 (Reuters): UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes.UBS'...
ALLIANCE FINANCE SUPPORTS SAJIDA FOUNDATION FOR FLOOD VICTIMS Alliance Finance PLC (AFPLC) made a donation as part of its Corporate Social Responsibility (CSR) to SAJIDA Foundation to support flood victims. SAJIDA Foundation has been running a project called ‘Emergency Flood...
Community Bank donates Tk 3m for flood victimsCommunity Bank Bangladesh PLC has contributed Tk 3.0 million to the Chief Advisor's Relief and Welfare Fund to stand by the flood-affected people under its corporate social responsibility (CSR) programme. Faruk-e-Azam, Adviser to...
Food and Agriculture Organization (FAO) of the United Nations is keen to enhance support in exporting mangoes from Bangladesh to promote the product at global, regional and local levels, reports BSS."FAO will help Bangladesh to export its different seasonal fruits...
HONG KONG, Sept 11 (AFP): Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.Meanwhile, the yen hit its...
Tarek Reaz Khan has recently joined NRB Bank as the managing director (MD) for a 3-years tenure. Prior to joining NRB Bank, Mr Tarek served as MD and chief executive officer of Padma Bank.After completing Masters in Marketing from the...
PRIME BANK, DOTLINES TO IMPROVE PAYROLL BANKING SERVICESPrime Bank recently signed an agreement with Dotlines, a renowned tech company, aimed at enhancing banking services for Dotlines's employees. Employees will be able to avail of various benefits including preferential offers in...
Mutual Trust Bank (MTB) won the "Best Bank" title by the Indian Chamber of Commerce (ICC).MTB's commitment to excellence is reflected in its innovative approach to banking, offering tailor-made products and services that cater to the diverse needs of its...
GP WINS ASIAN TECHNOLOGY AWARDS 2024Grameenphone (GP) won the Asian Technology Awards 2024 in the Digital - Telecommunications category for its MyGP app. The Asian Technology Awards recognises outstanding technology-based innovations across various industries in Asia. Commenting on the achievement,...
FE REPORT | 2024-09-12 00:00:00
The securities regulator has allowed Bangladesh Submarine Cable Company Ltd (BSCCL) to issue 22.13 million ordinary shares to the government against share money deposits to comply with a more-than-four-year-old regulatory order.The Bangladesh Securities and Exchange Commission (BSEC) gave its consent...
FE REPORT | 2024-09-12 00:00:00
The securities regulator cancelled its permission to listed textile sector firm Alif Industries for collection of Tk 2 billion by issuing shares to its directors after repeated time extension had failed to serve the purpose. The new order was issued...
FE Report | 2024-09-12 00:00:00
The securities regulator will seek travel ban on top brasses of Dhanmondi Securities and PFI Securities for embezzling clients' funds worth Tk 353.6 million from the consolidated customers accounts (CCAs).As part of actions against brokers for malpractices, the Bangladesh Securities...
The Theory of Three Zeroes represents an ambitious vision of achieving Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions. This concept was pioneered by Dr Mohammad Yunus, the current head of our interim government. Dr Yunus describes it as...
Relatives of the missing persons have persistently sought to find their loved ones, demanding justice for the victims of enforced disappearances. This demand is in place for a long time. Last Friday, on the occasion of the International Day for...
Mir Mostafizur Rahaman | 2024-09-12 00:00:00
Tragic death of Bangladeshi citizens at the hands of the Indian Border Security Force (BSF) has been going on unabated for year after year, casting a long shadow over an otherwise historically friendly relation between Bangladesh and India. The latest...
Atiqul Kabir Tuhin | 2024-09-12 00:00:00
The ongoing labour unrest since August 29, which has led to several factory closures across the industrial hubs of Ashulia and Gazipur, has brought the lucrative Bangladesh readymade garment (RMG) sector to a critical crossroads, sending warning signals to buyers...
The news that use of polythene bags are going to be banned at the country's superstores carries no meaning. First, most superstores do not allow the material's use; second, and more importantly, the 2002 ban on polythene imposed under the...
Fahmidul Haq | 2024-09-12 00:00:00
Bangladesh recently experienced a student-led anti-dictator uprising that resulted in Prime Minister Sheikh Hasina fleeing the country on August 5, 2024. The movement was initially sparked by university students demanding reforms to the quota system in civil service.Despite the government's...
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