Prime Bank Investment Limited (PBIL) successfully completed two significant merger deals involving listed concerns for Magura Group, solidifying its position as a leading investment bank in Bangladesh.Pearl Paper and Board Mills Limited (transferor) merged with Bangladesh Monospool Paper Manufacturing Co....
FE REPORT | 2024-02-12 00:00:00
The banking sector emerged as the market-cap leader on Sunday after three years, replacing the pharmaceuticals, for continued rally of bank stocks on the Dhaka Stock Exchange (DSE) after the floor price removal.Having been undervalued for a long time, bank...
MOHAMMAD MUFAZZAL | 2024-02-12 00:00:00
Merchant banks pay tax at the same rate as banks despite playing different roles, and so they urge the National Board of Revenue to cut it down to what is applicable for market intermediaries. A merchant bank is required to...
LONDON, Feb 11 (Reuters): War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50 per cent for ships transiting the Red Sea and some providers are avoiding such business due to...
Social Islami Bank held a business development meeting in Rajshahi on Saturday. Zafar Alam, Managing Director and CEO, was present as the chief guest. Deputy Managing Directors Abdul Hannan Khan and Mohammad Habibur Rahman, and Rajshahi Zonal Head Md Shahriar...
Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) paid a courtesy call on Prime Minister Sheikh Hasina and greeted her with a bouquet at her office in the capital on Sunday. The delegation members included BGMEA President Faruque Hassan,...
Islami Bank Bangladesh PLC organised an Employee Conference for Chattogram South Zone, North Zone and Agrabad Corporate Branch at Navy Convention Centre in Chattogram on Sunday. Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the conference as...
Eminent banker ATM Tahmiduzzaman has been promoted to Additional Managing Director and Amalendu Roy to Deputy Managing Director of the United Commercial Bank PLC, says a statement. Prior to their new assignment, ATM Tahmiduzzaman was the Deputy Managing Director and...
BRAC Bank PLC has appointed Anita Ghazi Rahman as an Independent Director to its Board of Directors, effective from January 30, says a statement. Anita Ghazi Rahman is a distinguished young law professional with over 19 years of post-qualification experience...
Kimiwa Saddat has taken over as the Managing Director (Current Charge) of Meghna Bank PLC with effect from February 11. He has been serving the bank as the Deputy Managing Director, says a statement.Mr Saddat joined Meghna Bank PLC in...
REZAUL KARIM | 2024-02-12 00:00:00
The government plans to develop strategies to offset losses incurred due to India's imposition of anti-dumping duty (ADD) on jute goods, sources say.It also plans to take necessary steps against a possible imposition of countervailing duty (CVD) -- also known...
US energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday, reports Reuters.The oil and gas rig count, an early...
CHICAGO, Feb 11 (Reuters): US corn and soybean futures hovered near three-year lows on Friday as South American crop weather improved and forecasts called for plentiful supplies, but losses were limited by short covering ahead of the weekend.Both markets posted...
LONDON, Feb 11 (Reuters): World cocoa prices hit new records for a ninth straight day on Friday, leaving market participants panicked that supply shortages are becoming systemic and will extend to a fourth straight season, if not beyond.The price surge...
DUBAI, Feb 11 (Reuters): The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient.Despite uncertainties, "the global economy...
NEW YORK, Feb 11 (Reuters): The White House on Saturday rejected comments made by former US President Donald Trump about not protecting NATO allies from a potential Russian invasion as "appalling and unhinged."Trump, appearing to recount a meeting with NATO...
KYIV, Feb 11 (AFP): Ukraine said it destroyed most of the 45 attack drones launched by Russia overnight, with little damage reported on Sunday morning.The announcement comes a day after authorities announced seven killed in a Russian attack that set...
BUDAPEST, Feb 11(Reuters): Hungarian President Katalin Novak resigned on Saturday after coming under mounting pressure for pardoning a man convicted of helping to cover up sexual abuse in a children's home.Novak, a close ally of conservative Prime Minister Viktor Orban,...
MOSCOW, Feb 11 (TASS):- The US authorities are well aware of all Vladimir Putin's key messages, but there is currently neither desire nor political will to hold negotiations on the US side, Kremlin Spokesman Dmitry Peskov told TASS."The US authorities...
YANGON, Feb 11 (BBC): The government in Myanmar has announced compulsory military service for all young men and women as the country's turmoil continues. The army seized power from the civilian government in a coup in February 2021.But in recent...
ISLAMABAD, Feb 11 (AFP): Pakistan police warned Sunday they would come down hard on illegal gatherings after the party of jailed former prime minister Imran Khan urged supporters to protest alleged rigging in last week's election.Independent candidates-most linked to Khan's...
GAZA STRIP, Feb 11 (AFP/AP): Hamas on Sunday warned that any Israeli offensive in Gaza's far-southern city of Rafah would threaten talks about the release of hostages seized in the October 7 attacks."Any attack by the occupation army on the...
MADRID, Feb 11 (AFP): Real Madrid confirmed Sunday midfielder Jude Bellingham has sprained his left ankle and Spanish media report he will be out for up to three weeks.The England international, Madrid's top goalscorer with 20 strikes in 29 matches...
Chief of general staff of Bangladesh Army Lieutenant General Waker-Uz-Zaman handing over a trophy to a winner of Aga Khan Gold Cup Tournament- 2024 at the concluding ceremony at Kurmitola Golf Club in Dhaka Cantonment on Saturday — ISPR
NEW DELHI, Feb 11 (AFP): England spinner Jack Leach has been ruled out of the remaining three Tests against India with a left knee injury, the country's cricket board said Sunday.The series is level at 1-1 after two matches and...
ADELAIDE, Australia, Feb 11 (Agencies): Big-hitting Glenn Maxwell slammed a 50-ball century as Australia beat the West Indies by 34 runs in the second Twenty20 international to seal the series in Adelaide on Sunday.The 35-year-old was in ominous touch, blasting...
Left-handed batter Rifat Beg achieved a historic milestone in the ongoing season of the Sheikh Kamal U-18 National Cricket Tournament 2023-24 by scoring a triple century. This remarkable feat marks the first instance of a triple hundred in this prestigious...
The Bangladesh Premier League (BPL) reaches its midway point with thrilling performances and a shakeup in the standings. With a two-day break before the next phase in Chattogram, now is an opportune moment to reflect on the standout performers who...
A total of seven persons were killed in separate road accidents in Cumilla, Gopalganj and Magura districts on Sunday and Saturday night, report agencies.In Cumilla, five people were killed and two were injured in a head-on collision between a covered...
OUR CORRESPONDENTCHANDPUR, Feb 11: Paddy cultivation has started for the first time on the riverbanks in Hajiganj and Faridganj upazilas of the district, creating a new hope among farmers.On agriculture officers' instructions, about 50/60 farmers have planted B-28 and 29...
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