FE REPORT | 2024-03-06 00:00:00
Private bus operators in the country are estimated to pay at least Tk 10 billion annually in extortion, according to Transparency International Bangladesh (TIB). In a survey, the anti-graft watchdog reveals that individuals or groups affiliated with the ruling party,...
FE REPORT | 2024-03-06 00:00:00
The drive against non-compliant buildings in the capital continued on Tuesday amid fire-safety concerns following the Bailey Road building fire that claimed 46 lives.The Rajdhani Unnayan Katripakkha (RAJUK) conducted raids on the Bailey Road area and sealed off two restaurants...
FE REPORT | 2024-03-06 00:00:00
The Asian Infrastructure Investment Bank (AIIB) is set to enhance funding to Bangladesh as it is adding a new window of climate change alongside financing infrastructure-development projects.Its acting vice-president Rajat Misra came up with the disclosure Tuesday when talking to...
Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe for some time on Tuesday, according to outage tracking website Downdetector.com, reports Reuters.The disruptions started around 10:00 am ET, with more than 300,000 reports...
FE REPORT | 2024-03-06 00:00:00
Non-bank financial institutions' funds also get costlier even after 25-basis-point cut in the interest-rate margins for the NBFIs by a latest central-bank order.The push for the rise in the lending and deposit rates basically comes from a significant hike in...
MUNIMA SULTANA | 2024-03-06 00:00:00
Ongoing development projects, too, may fall into funding uncertainty as major foreign financiers are bound by global decarbonisation deal to cease financing non-green ones from this July.No concern is in the offing, however, for the projects taken or planned with...
The Prime Minister's Office (PMO) has directed all the authorities concerned to take necessary action against the hoarding of goods and intensify market monitoring to prevent price hike during the holy month of Ramadan.Besides, the PMO has instructed the authorities...
Major stock markets in the Gulf were subdued in early trade on Tuesday, on falling oil prices as the world's biggest crude importer China's economic reforms underwhelmed investors, reports Reuters.Oil prices - a catalyst for the Gulf's financial markets -...
MUMBAI, March 5 (Reuters): India's Adani group saw massive demand on Monday for its first dollar bond since a short-seller attack last year, in what two banking sources said was being seen internally as a test for the conglomerate's access...
HONG KONG, March 5 (AFP): Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.Tokyo finished flat, a day after...
BENGALURU, March 5 (Reuters): Shares of Tata Motors, opens new tab, India's most valuable carmaker, hit a record high on Tuesday, a day after the company said, opens new tab it will split into two listed firms, separating its commercial...
US stock index futures dipped on Tuesday as investors awaited a slew of economic data and several key events this week, including appearances from Federal Reserve Chair Jerome Powell, reports Reuters.Investors eyed US services sector data for February and factory...
Social Islami Bank recently launched a month-long campaign on cash waqf, hajj and zakat at its head office, ahead of Ramadan. Zafar Alam, managing director and CEO, inaugurated the campaign as the chief guest, while Mohammad Forkanullah, deputy managing director,...
IFIC Bank recently held its 'Largest Banking Network Business Conference' at a conference hall in Cumilla. The event's chief guest was Managing Director and CEO Shah Alam Sarwar and it was attended by employees from the Cumilla and Noakhali regions.
Mutual Trust Bank (MTB) recently held an evening of sharing, celebration and reflection for its Chattogram-based payroll and privilege banking customers at Chittagong Club. The event was attended by Md Shafquat Hossain, deputy managing director; Syed Mahmud Akhter, divisional head...
Symphony Mobile, a trailblazer in the mobile technology industry, is poised to introduce its latest smartphone - Symphony Z70, say the company in a statement. This device, embodying cutting-edge technology and a stylish design, is set to revolutionize the mobile...
FE REPORT | 2024-03-06 00:00:00
Speakers at a forum have stressed the importance of promoting sustainable business practices, especially in the country's garment sector that plays a crucial role in driving Bangladesh's economic development and transition towards a developing nation.They have also put emphasis on...
Beximco Pharmaceuticals appointed its director Iqbal Ahmed as new Managing Director of the pharma company for five years.He had been a director of the board of Beximco Pharma since 1985.The appointment is required to be approved by the shareholders in...
FE REPORT | 2024-03-06 00:00:00
Stocks witnessed yet another major fall on Tuesday, as jittery investors continued to offload large-cap shares, particularly BAT Bangladesh and Grameenphone, after their floor prices were lifted by the securities regulator.GP is the largest market-cap stocks while BAT Bangladesh is...
FE REPORT | 2024-03-06 00:00:00
Asiatic Laboratories will make its share trading debut on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Wednesday) under the 'N' category.The Bangladesh Securities and Exchange Commission (BSEC) in August 2022 allowed the company to determine the cut-off...
FE REPORT | 2024-03-06 00:00:00
Around 97 per cent of the investors' complaints submitted online have been addressed through the securities regulator's Customer Complaints Address Module (CCAM) in the last one year.The complaints include non-payment of cash dividend, non-disbursement of stock dividends, non-payment of sale...
Prime Insurance Company Ltd organised an Annual Branch Managers' Conference- 2024 at Gulshan Club in Dhaka city recently. Mohd Showkat Ali, Chairman (Acting) of the company was present as the chief guest at the programme. Mohammad Sahadet Hossain, Chairman of...
Dhaka Central Zone, Dhaka North Zone and Local Office Corporate Branch of Islami Bank Bangladesh PLC organized an Employee Conference-2024 at Jamuna Future Park Convention Centre on Monday. Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the...
In addition to conventional banking, Rupali Bank started Islamic banking at Purana Paltan Corporate Branch recently. Chairman of the bank Kazi Sanaul Hoq and Managing Director and CEO Mohammad Jahangir inaugurated the Islamic banking window service. Deputy Managing Directors of...
CHAPAINAWABGANJ, Mar 5 (UNB): The government has approved import of 39,000 tonnes of onion from India though Sonamajsid land port in Chapainawabganj to meet local demand ahead of holy Ramadan.Somir Ghosh, deputy director of Sonamasjid Land Port Plant Quarantine Center,...
FE REPORT | 2024-03-06 00:00:00
A private entity, Purbagaon Economic Zone (PEZ) has received a final license from the government aiming to establish an industrial estate on around 93 acres of land in Narayanganj.The private Economic Zone (EZ), a concern of leading conglomerate City Group...
RMG export to the European Union has reached US$ 13.92 billion in July-January of the Fiscal Year (FY) 2023-24, according to the Export Promotion Bureau (EPB).With an increase of 1.32% compared to the same period of previous FY, the export...
NAZIMUDDIN SHYAMOL | 2024-03-06 00:00:00
The Chittagong Port Authority (CPA) is likely to appoint contractors for construction of the Matarbari Deep Sea Port in Cox's Bazar very soon. The CPA has completed evaluating the technical and financial aspects of offers submitted by the Japanese joint...
American Airlines said on Monday it had agreed to buy a total of 260 new jets from Airbus, Boeing and Embraer, as the carrier targets increased capacity to meet soaring demand for travel, reports Reuters.Major airlines are racing to place...
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