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FBCCI calls for price stability, smooth supply in Ramadan

FE REPORT | 2024-03-11 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged traders on Sunday to keep prices of essential commodities stable and maintain a smooth supply chain during Ramadan, the month of fasting for the Muslim.The apex trade body made...

Aramco hikes dividend 30pc to $98b despite drop in profit

2024-03-11 00:00:00

DUBAI, March 10 (Reuters): Saudi Arabia's state-owned oil giant Aramco, opens new tab boosted its dividend despite net profit falling 24.7 per cent to $121.3 billion in 2023 on lower oil prices and volumes, showing the state's continued reliance on...

As Wall Street titans gather, finance museum searches for a home

2024-03-11 00:00:00

NEW YORK, March 10 (Reuters): Financial industry heavyweights convened in New York last week to raise funds for a finance museum that has lost its iconic Wall Street address.At the Museum of American Finance gala, billionaire Ken Griffin welcomed attendees...

US bond funds attract biggest weekly inflow since mid-2021 on rate cut hopes

2024-03-11 00:00:00

US bond funds racked up large inflows in the seven days to March 6 as weaker manufacturing data and dovish comments from Federal Reserve officials raised expectations for interest rate cuts later this year, reports Reuters.According to data from the...

Asian stocks draw massive foreign funds on China's reforms, AI surge -

2024-03-11 00:00:00

Foreign investors poured substantial money into Asian equities in February amid a rebound in Chinese stocks following Beijing's rollout of reform measures and a surge in technology shares, driven by the artificial intelligence (AI) boom, reports Reuters.Data from stock exchanges...

US small businesses struggle for credit, one year after regional turmoil

2024-03-11 00:00:00

NEW YORK, Mar 10 (Reuters): Small business owners in the US are struggling to get financing from traditional lenders as the impact of higher rates and bank failures of a year ago linger, holding back business growth for some.The difficulty...

India signs trade deal with 4 European nations for $100b investment

2024-03-11 00:00:00

NEW DELHI, Mar 10 (AP): India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years, officials...

IPDC Finance participates at 'Inspire Her Wellness' Festival

2024-03-11 00:00:00

IPDC Finance participated in the 'Inspire Her Wellness' festival organised by Dhaka Flow at Baridhara Lakeside RAJUK Park on Saturday. This event, commemorating International Women's Day, aimed to inspire, educate, and celebrate the essence of womanhood. IPDC showcased its commitment...

ICB AMCL celebrates Int’l Women's Day

2024-03-11 00:00:00

ICB Asset Management Company Ltd celebrated the International Women's Day with a cake-cutting ceremony at its office in Dhaka recently. The company's Managing Director's spouse Ferdousi Begum, CEO Mahmuda Akhter, ISTCL's CEO Md Mafizur Rahman, and ICML's CEO Majeda Khatun...

ICB celebrates International Women’s Day

2024-03-11 00:00:00

A special event was organised by Investment Corporation Bangladesh (ICB) at its head office in the city recently on the occasion of the International Women’s Day-2024. Managing Director of ICB Md Abul Hossain, Chief Executive Officers of the subsidiaries of...

Rupali Bank celebrates Int’l Women's Day

2024-03-11 00:00:00

Rupali Bank PLC celebrated the International Women's Day with various programmes, including a cultural show, at its head office in Dhaka on Sunday. Chairman of the bank Kazi Sanaul Haque and Managing Director and CEO Mohammad Jahangir inaugurated the programme...

Sonali Bank celebrates Int’l Women’s Day

2024-03-11 00:00:00

Sonali Bank PLC celebrated International Women's Day at its head office in the city on Sunday. CEO and Managing Director of the bank Md Afzal Karim attended the programme as the chief guest. All women executives and employees of the...

Karmasangsthan Bank holds Business Review Meeting -

2024-03-11 00:00:00

A Business Review Meeting-2024 of Karmasangsthan Bank was held at the Training Academy in Mymensingh on Sunday. Managing Director (Additional Charge) Meher Sultana was present as the chief guest in the meeting while DGM of Dhaka Divisional Office Md Mukhleshur...

BWDB Director General paid tribute to Bangabandhu

2024-03-11 00:00:00

The newly appointed Director General of Bangladesh Water Development Board (BWDB), Muhammad Amirul Haque Bhuiyan, paid rich tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman. He placed a wreath at the grave of Bangabandhu at Tungipara in Gopalganj...

BKB marks Historic 7th March

2024-03-11 00:00:00

Bangladesh Krishi Bank (BKB) commemorated the Historic 7th March by paying heartfelt tributes to the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. BKB Chairman Md Nasiruzzaman and Managing Director Md Shawkat Ali placed a wreath at the portrait of...

Janata Exchange Company holds AGM

2024-03-11 00:00:00

An annual general meeting (AGM) of Janata Exchange Company Srl, a subsidiary of Janata Bank PLC, was held in Italy recently. Chairman of the bank Md Abdul Jabbar was present in the meeting. Members of the board of Janata Exchange...

Upay hosts freelancer meetup

2024-03-11 00:00:00

Mobile financial service provider upay recently hosted a meetup for local freelancers and industry experts to explore the sector's potential and to support freelancers in overcoming the challenges. The meetup, held at the United Commercial Bank (UCB) head office in...

Pubali Bank wins remittance award

2024-03-11 00:00:00

Pubali Bank has been awarded the 'Remittance Award' by the non-profit private research institute Centre for Non-Resident Bangladeshis in recognition of its its contribution to remittance collection in 2023. The research institute organised a 'Branding Bangladesh' ceremony at a city...

First Security Islami Bank tops Dhaka WASA bill collection for 5th year

2024-03-11 00:00:00

Among 40 banks, First Security Islami Bank has secured the top position for collecting Dhaka WASA bills for the fifth consecutive year in the financial year 2022-2023. A ceremony titled 'Dhaka WASA Bill Collection Award' was held on Sunday at...

TCB, Russia's Prodintorg sign MoU to import essential items

2024-03-11 00:00:00

The state-run Trading Corporation of Bangladesh (TCB) and the JSC Foreign Economic Corporation 'Prodintorg' under the Ministry of Agriculture of Russia today signed a Memorandum of Understanding (MoU) to import essential items, reports BSS.TCB Chairman Brigadier General M Ariful Hasan...

bKash achieves top position in 'Bill Collection Award'

2024-03-11 00:00:00

bKash, the country's largest mobile financial service provider, received the No.1 prize in 'Bill Collection Award' for contributing to the highest amount of bill collection for Dhaka WASA in FY 2022-23, reports BSS. Customers all over the country are choosing...

Kochi-led Sammilito Parishad wins all 35 director posts

FE REPORT | 2024-03-11 00:00:00

The Sammilito Parishad, led by SM Mannan (Kochi), has won all the 35 posts of directors at the biennial election of the apparel apex body, BGMEA, for the term of 2024-26. Of them, 26 directors were elected from Dhaka and...

Listed cos must have at least 1 woman director: State minister Waseqa

FE REPORT | 2024-03-11 00:00:00

State Minister for Finance Waseqa Ayesha Khan suggests that every listed business entity should have at least one female independent director, contributing to women empowerment. The data presented by the International Finance Corporation (IFC) shows that women's participation in listed...

Unilever Consumer Care's profit up 32pc on finance income

FE Report | 2024-03-11 00:00:00

Unilever Consumer Care has reported a 31.61 per cent year-on-year growth in profit to Tk 961.59 million for 2023, backed by finance income and a one-off benefit.Its earnings per share (EPS) jumped to Tk 49.89 for the year, up from...

DSE looks into technical glitch that reduced it by 98pc

FE REPORT | 2024-03-11 00:00:00

The premier bourse of the country has begun a probe to find out why the index lost 98 per cent at the beginning of the Sunday's session and remained so until the trading ended. The regulator allows correction by maximum...

Seminar pushes for gender diversity in arbitration

FE DESK | 2024-03-11 00:00:00

The limited number of women in the judiciary and legal practice, and their struggle to balance career and family demands, are key roadblocks to ensuring gender diversity in arbitration, according to participants at a recent seminar.The programme highlighted the evolving...

Govt hikes sales margin to drive up earnings of state-run oil cos

FE REPORT | 2024-03-11 00:00:00

Three state-run oil companies are expecting to see a significant jump in its revenue income during the period of March-June as the government has revised up sales margin. The sales margin of diesel and kerosene rose 60 per cent to...

Late bowling fireworks from New Zealand rock Australia's run chase in 2nd Test

2024-03-11 00:00:00

CHRISTCHURCH, New Zealand, March 10, 2024 (AFP) - New Zealand cleaned out the top four Australian batsmen on Sunday to leave the tourists on 77-4 and facing an uphill task in their chase of 279 to win the second Test...

Prize giving ceremony for Dhaka Mayor Cup-2024 held

2024-03-11 00:00:00

The prize distribution and closing ceremony of Dhaka South City Corporation (DSCC) Inter-Ward Sports Tournament- "Dhaka Mayor Cup-2024" was held at Bir Sherestha Shaheed Shipahi Mostafa Kamal Stadium, Kamalapur, in the city recently, according to a press release.The tournament was...

PSG drop points again in draw with Reims

2024-03-11 00:00:00

PARIS, Mar 10 (AFP): Paris Saint-Germain were held 2-2 by Reims in Ligue 1 on Sunday, a third straight domestic draw which still allowed the reigning champions to extend their lead at the top of the table to 10 points.Kylian...