BEIJING, Mar 13 (AFP): Beijing warned on Wednesday that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States".The US House of Representatives is set to vote later Wednesday on a bill that...
LONDON, March 13 (Reuters): Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday.On a worldwide basis, 86 per cent of listed...
Business at Nikita Minenkov's logistics company, based near the Amur River that marks the border between Russia and China, was going well. Since Moscow's invasion of Ukraine it's gone even better - company turnover has doubled for two years running,...
Popular Life Insurance Company Limited (PLICL) organised its Annual Conference 2024 at a hotel in Cox's Bazar recently and handed over cheques against insurance claims. Mohammed Zahirul Islam Chowdhury, chairman of the company, was present as the chief guest while...
Delta Life Insurance Company celebrated the International Women's Day 2024 with a cake-cutting ceremony at its head office in the city recently. Chairperson of the Executive Committee of the company Adiba Rahman, Chief Executive Officer (Current Charge) Anwarul Haque and...
Tanvir Ahmed has been elected the Managing Director of Envoy Textile Limited at the Extraordinary General Meeting (EGM) of the company held at the Gulshan Shooting Club recently. Majority of the shareholders at the meeting, however, opposed the appointment of...
LankaBangla Finance PLC announced a strategic partnership with Opus Technology Limited, a leading fintech solutions provider. In this connection, an agreement was signed by Khwaja Shahriar, MD & CEO of LankaBangla Finance, and Mohammad Jafar Iqbal, MD of Opus Technology,...
The 17th Shariah Supervisory Board meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently. Dr Syed Muhammed Emdad Uddin chaired the meeting. Other board members, Maulana Sayed Kamaluddin Abdullah Zafree, Dr M Mahabbat...
Rupali Bank Training Academy organised a seminar titled 'Offshore Banking: Concept, Procedure, Regulations and Prospect' at the academy in Dhaka on Tuesday. The bank's Chairman, Kazi Sanaul Haque, was the chief guest. Mohammad Delwar Hossain, director, and Mohammad Jahangir, managing...
Southeast Bank signed an agreement with the Credit Guarantee Department (CGD) of the Bangladesh Bank (BB). This agreement facilitates eligible women's enterprises and agro-processing enterprises under the CMSME sector with insufficient collateral. These enterprises can now avail loans or investments...
To mark International Women's Day 2024, MTB Foundation recently signed an agreement with Prothom Alo Trust to celebrate the theme 'Inspire Inclusion' through the 'MTB Foundation-Prothom Alo Trust Adamya Medhabi Scholarship' project. The agreement was signed by Rupali Chowdhury, chair...
Housewife Laki Begum from Balaganj in Sylhet, who purchased a Walton brand refrigerator, has been awarded Tk 1.0 million as part of 'Nonstop Millionaire' offer under the ongoing Digital Campaign Season-20 of the electronics giant, says a press release. Laki...
BRAC Bank retains its position as the highest-rated bank in Bangladesh by Moody's Investors Service, according to a statement. The internationally renowned agency affirmed a 'B1' rating with a 'Stable' Outlook for the bank.This rating is equivalent to Bangladesh's sovereign...
FE REPORT | 2024-03-14 00:00:00
IDLC Finance has reported its lowest profit in eight years for 2023, as, it says, low interest spread and weak capital market hampered its business. "Two years ago, the difference between what we paid as deposit rate and what we...
SYDNEY, Mar 13 (AFP): Consulting giant PwC Australia said Wednesday it would slash more than 300 roles as part of a restructuring following a tax leak scandal that plunged the company into turmoil.The firm was rocked in January last year...
RIYADH, Mar 13 (Arab News): Egypt’s annual trade deficit rose by 17.8 per cent in December due to a decline in the value of key commodities such as fertilizers and petroleum products.According to the report from the Central Agency for...
BEIJING, Mar 13 (AFP): China has launched an investigation into another former top banker for suspected corruption, state media reported Wednesday, as President Xi Jinping's flagship anti-graft drive rages through the financial sector.Li Jiping, the onetime vice-chief of the state-owned...
LONDON, Mar 13 (AFP): Britain's economy rebounded slightly in January, data showed Wednesday, sparking hope of an end to recession in a boost to embattled Prime Minister Rishi Sunak ahead of elections.Gross domestic product grew 0.2 percent following a slight...
TOKYO, Mar 13 (Reuters): Toyota Motor agreed to give factory workers their biggest pay increase in 25 years on Wednesday, heightening expectations that bumper pay raises will give the central bank leeway to make a key policy shift next week.Toyota,...
HERZOGENAURACH, Germany, Mar 13 (Reuters): German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the US struggle with high inventories.Adidas...
JAKARTA, Mar 13 (Reuters): Indonesian state banks will provide loans subsidised by the government to food procurement companies to ensure adequate supplies of rice and other staples, as harvests were disrupted by prolonged dry weather, an official said on Wednesday.State...
Jamuna Bank recently organised a financial education programme to promote financial literacy at Jessore Collectorate School. The goal was to teach students essential financial knowledge and skills, and to encourage responsible financial management. Senior officials from Jamuna Bank's corporate office,...
An MoU has been signed between Trust Bank Limited and Apollo Multispeciality Hospital, Kolkata, recently. Md Mostafa Musharrof, head of Card Division, Trust Bank, and Rana Dasgupta, Chief Executive Officer of the hospital, signed the MoU. Deputy Managing Director &...
A Memorandum of Understanding (MoU) was signed between Midland Bank and The State IT at the corporate head office of the bank at Gulshan in Dhaka recently. The State IT is a first-class contractor engaged in the supply and installation...
Islami Bank Securities Limited (IBSL) organised its 14th Annual General Meeting recently. Mohammed Nasir Uddin, Chairman of IBSL, presided over the meeting. Directors Prof Dr. Md. Sirajul Karim, Syed Abu Asad, Mohammed Monirul Moula, J.Q.M. Habibullah, Taher Ahmed Chowdhury and...
FE REPORT | 2024-03-14 00:00:00
The Bangladesh Bank (BB) has decided to resume publishing some key data on the financial health of banks, including interest rates and spreads, according to sources at the central bank.For the past five months, BB has not been publishing this...
FE REPORT | 2024-03-14 00:00:00
A visiting business delegation from South Africa met with the Bangladesh Jewellers Association (BAJUS) in the capital on Wednesday.The businessmen expressed interest in investing in Bangladesh's jewellery sector, citing its "huge potential", said a BAJUS press release. The press release...
FE REPORT | 2024-03-14 00:00:00
Civil Aviation and Tourism Minister Muhammad Faruk Khan has invited Japan to invest in the tourism industry of Bangladesh for its development.He sought Japanese investment during a meeting with Japanese Ambassador to Bangladesh Iwama Kiminori at the secretariat in the...
Howlader Maria & Co (HmAC), a leading chartered accountancy firm, has opened its new office space at Banani in the city recently, says a press release. Iwama Kiminori, Ambassador of Japan to Bangladesh, was present at the opening ceremony as...
FE REPORT | 2024-03-14 00:00:00
The Palli Karma-Sahayak Foundation (PKSF) has been working to strengthen the resilience among drought-affected communities in the Barind region of Bangladesh under a project.To implement the project at the grass roots, the PKSF on Wednesday inked agreements with 18 local...
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