Digital transactions of money have been playing a critical role in the economy of Bangladesh. By ensuring safety and promptness, mobile financial services such as bKash, Rocket, Upay and Nagad have made common people's life faster, easier and smoother than...
Bangladesh has experienced onion crises for three successive years. On both occasions, price hike of the essential spice was triggered by neighbouring India's decision to ban export of the item. With the news of Indian onion export ban, the price...
Zahid Huq | 2023-12-22 00:00:00
A vernacular daily last Wednesday carried two news items on one of its inside pages. Prominently displayed, one news item highlighted the average monthly income and expenditure of a family in 2022. The latest Household Income and Expenditure Survey (HIES)...
Nilratan Halder | 2023-12-22 00:00:00
This is for the first time that the Federation of Bangladesh Chambers of Commerce and Industry has sent a clear message of waging a war against members of its own community, who are out to create artificial crisis of essentials...
The indiscriminate use of antibiotic drugs in the country has become a serious concern with far-reaching consequences for public health. A recent study conducted at the Bangabandhu Sheikh Mujib Medical University (BSMMU) sheds light on the alarming rise in antibiotic...
Abdullah A Dewan | 2023-12-22 00:00:00
In the Wealth of Nations, Adam Smith promoted the platitude that religious beliefs and economic activities are rational choices. As in any profit-making activity, people respond to religious costs and benefits in a predictable and observable manner. John Wesley, a...
Garment worker Sajna Akter carrying her one-year-old daughter in her arms has been at Dhaka Medical College Hospital since Tuesday, reports bndews24.comShe claims her husband, 35-year-old Khokon Mia, was one of the people killed in the arson attack on the...
Pictured on Wednesday, a man scavenges through the trash in a dumping ground at Shanir Akhra in the city, which is almost entirely filled with non-biodegradable plastics and polythene bags posing danger to the environment and ecology — FE photo
TOKYO, Dec 20 (Reuters): Toyota Motor's Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models, including almost two dozen sold under Toyota's brand.An...
LONDON, Dec 20 (Reuters): The US and China on downgrade warnings, Turkey hoping for its first upgrade in a decade and Israel facing its first cut - plus more than 50 elections to navigate - means 2024 could bring pivotal...
The 28th annual general meeting (AGM) of Metro Spinning Limited was held on a digital platform on Wednesday. The meeting was chaired by Chairman of the company Mohammad Ali Khokon. The audited annual financial statements along with director's report were...
The 25th Annual General Meeting (AGM) of MJL Bangladesh PLC (MJLBPLC) was held on a virtual platform on Wednesday. The meeting was presided over by Md Nurul Alam, Chairman, MJLBPLC. MJL Bangladesh PLC's Managing Director Azam J Chowdhury, Directors of...
The annual general meeting (AGM) of Bangladesh China Chamber of Commerce and Industry (BCCCI) was held at its office in the city on Wednesday. Senior Vice President of BCCCI ATM Azizul Akil David presided over the meeting. BCCCI Secretary General...
The shareholders of Crown Cement PLC have approved a 20 per cent cash dividend which was recommended by the board of directors for the year ended June 30, 2023, said a press release. The approval came at the 29th annual...
Standard Group Chairman Eng. Md Atiqur Rahman receives a tax card as the highest taxpayer in the category of 'Engineer' from NBR Chairman Abu Hena Md. Rahmatul Munim at a ceremony held at Bangabandhu International Conference Centre in the city...
Titas Gas Transmission and Distribution Company Limited has been awarded as the highest taxpayer for the tax year 2022-23. Managing Director of the company Md Harunur Rashid Mollah received the award at a ceremony held at Bangabandhu International Conference Centre...
Mohammed Jahed Iqbal, Director of NRB Bank Limited and Managing Partner of M/S Md Jamil Iqbal, has been awarded as the second highest tax payer in the country and the highest tax payer in Sylhet region in 'firm category' by...
Islami Bank Bangladesh PLC has been awarded as the highest taxpayer in the banking sector for fiscal year 2022-23. Abu Hena Md. Rahmatul Muneem, Chairman of National Board of Revenue, handed over the crest and certificate to Mohammed Monirul Moula,...
Chairman of Uttara Bank PLC Azharul Islam handed over the shares in then Eastern Banking Corporation Limited, now Uttara Bank PLC, held by Father of the Nation Bangabandhu Sheikh Mujibur Rahman to his legal heirs, Prime Minister Sheikh Hasina and...
FE REPORT | 2023-12-21 00:00:00
Titas Economic Zone, a subsidiary of Meghna Group of Industries, has received pre-qualification licence from the Bangladesh Economic Zones Authority (BEZA).The proposed private industrial estate is expected to draw investment to the tune of $3.0 billion and generate an estimated...
LONDON, Dec 20 (Reuters): The last 12 months have been some of the most challenging in the buyout industry's recent history, as private capital fundraising fell to five-year lows and investors became more selective with their money, sector executives and...
HONG KONG, Dec 20 (AFP): Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.The advances come even as central bank officials...
SINGAPORE, Dec 20 (Reuters): Heading into 2024, analysts say the US recession they'd been forecasting for two years isn't coming anymore. Everyone else, from companies to investors, is still bracing for a slowdown caused by tepid consumer demand.Dissonance between the...
AB Bank distributed loans to women entrepreneurs after a training session organised by Trinamool Women Entrepreneurs Society (Grassroots) in Sylhet on the occasion of Victory Day. Saiful Islam, executive director of Sylhet office of the Bangladesh Bank, was present as...
First Security Islami Bank inaugurated five agent banking outlets on Wednesday. The outlets are - Time Bazar agent banking outlet, Moheshkhali, Cox's Bazar; Gouripur Bazar agent banking outlet, Madhaia Bazar, Cumilla; Chandpur Bazar agent banking outlet, Brahmanbaria; Purasava More agent...
FE REPORT | 2023-12-21 00:00:00
GSP Finance Company (Bangladesh) reported a loss of Tk 667 million for the nine months through September this year owing to a drop in interest income while interest expenses soared.The non-bank financial institution (NBFI) made a profit of Tk 98.84...
Southeast Bank launched eight agent banking outlets across the country. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, inaugurated the outlets virtually as the chief guest. The outlets are Jidu Dairy Farm, Sarker Cosmetics & Gift Corner, Mahadi Enterprise,...
The 23rd annual general meeting (AGM) of Central Depository Bangladesh Limited (CDBL) was held virtually on Wednesday. Chairman of CDBL Sheikh Kabir Hossain presided over the AGM. CDBL Vice Chairman AKM Nurul Fazal Bulbul and members of the board of...
MOHAMMAD MUFAZZAL | 2023-12-21 00:00:00
Asset managers dealing with open-ended mutual funds (MFs) have been enduring liquidity pressure while having to pay off unitholders against the sell-off of units for investments are stuck in the capital market due to floor price. In recent years, open-ended...
NEW DELHI, Dec 20 (Reuters): India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.India,...
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