FE REPORT | 2024-02-06 00:00:00
As graduation to developing-country status is knocking at the door, the European Union (EU) has expressed the interest to support Bangladesh's development journey and help achieve the country's various goals ahead."…we are all focused on graduation. And that's important for...
FE REPORT | 2024-02-06 00:00:00
The introduction of the metro rail has offered a welcome change for Dhaka commuters, prompting the Bangladesh Road Transport Corporation (BRTC) to announce plans to improve its services with air-conditioned and electric buses."We intend to invest more in city bus...
FE REPORT | 2024-02-06 00:00:00
Purchasing managers' index (PMI) has been launched for Bangladesh with intent to gauge economic health of the country and help businesses take informed decisions.The Metropolitan Chamber of Commerce and Industry, Dhaka in partnership with the Policy Exchange of Bangladesh made...
FE REPORT | 2024-02-06 00:00:00
Already a household name, Deshbandhu Group is all set for investing Tk 100 billion in several fresh ventures avowedly to boost the nation's economy and generate employment, officials said.The industrial units the corporate is undertaking happen to be import-substitution ones...
FE REPORT | 2024-02-06 00:00:00
The National Board of Revenue (NBR) is willing to simplify bond facility, amid thrust on diversifying Bangladesh's narrow export basket to boost trade in order to face forex shortages. NBR chairman Abu Hena Md Rahmatul Muneem said this during a...
Prime Minister Sheikh Hasina has asked the authorities concerned to maintain law and order and keep the prices of commodities under check, reports UNB."If there is any extortion, all concerned have to take very strong action," she told a meeting...
FE REPORT | 2024-02-06 00:00:00
Two people - a Bangladeshi woman and a Rohingya man - were killed on Monday by a mortar shell fired from Myanmar near the Tumbru border in Bandarban's Naikhongchhari.The victims were identified as Hasina Begum, a 52-year-old Bangladeshi woman, and...
JUBAIR HASAN | 2024-02-06 00:00:00
Forex-strapped banks' demand for US dollar heightens from the start of the calendar year as the central bank fed into them the highest-ever monthly dollop of $1.60 billion in January, sources said.Such mounting trend in drip-dollar feeding into the commercial...
LONDON, Feb 5 (Reuters): Sovereign debt sales from developing nations scaled an all-time record for January at $47 billion led by major and less risky emerging markets but a lack of investor flows into dedicated funds could curtail a nascent...
HONG KONG, Feb 5 (AFP): Asian markets were mixed Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome Powell shattered any remaining hopes for a March interest rate cut.Decision-makers left traders disappointed last week when...
MUMBAI, Feb 5 (Reuters): India's $4 trillion stock market is pulling in billions of dollars of domestic and foreign money as investors flock to a fast-growing alternative to China, brushing aside risks around overpriced shares, upcoming elections and regulatory uncertainty.The...
The 19th Annual General Meeting of Maksons Spinning Mills Limited was held on a digital platform on Monday. The meeting was presided over by Chairman of the company Mohammad Ali Khokon. The Managing Director and other Directors attended the AGM....
Rupali Bank held the 'Business Conference-2024' of branch managers under Chattogram division on Saturday in Chattogram. Managing Director and CEO of the bank Mohammad Jahangir was present as the chief guest.
Social Islami Bank arranged a school banking campaign in Cumilla Zilla School on Sunday as part of its month-long campaign across the country. Khondokar Md. Mushfiqur Rahman, Deputy Commissioner & District Magistrate of Cumilla, was present as the chief guest...
Mutual Trust Bank (MTB) has recently signed a memorandum of understanding with Unimass Holdings Ltd at the real estate firm's corporate head office in Dhaka. Tahsin Shahid, head of retail business of MTB, and Sherajis Shalehin, director of business development,...
FE REPORT | 2024-02-06 00:00:00
Best Holdings will have its first day of trading on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) today (Tuesday) under the 'N' category.The 5th listed company in the 'Travel & Leisure' sector, the company has reported...
FE REPORT | 2024-02-06 00:00:00
Stocks witnessed yet another upbeat session on Monday, with turnover surpassing Tk 16 billion-mark for the first time in more than 16 months, as buoyant investors put fresh bets on heavyweight bank shares.Turnover, a crucial indicator of the market, stood...
MOHAMMAD MUFAZZAL | 2024-02-06 00:00:00
Private enterprises are facing a tricky situation in collecting funds through bonds; they want to keep the return rate low, avoiding high bank borrowing costs, but are having to compete with rates of government securities. After the latest policy rate...
PARIS, Feb 5 (Reuters): The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook in the United States offsets euro zone weakness, the OECD said on Monday.World...
ABM Mokammel Hoque Chowdhury, Managing Director & CEO of Union Bank PLC. inaugurated the bank's Chowdhury Hat Sub-Branch in Chattogram and Moharajpur Sub-Branch in Chapainawabganj as the chief guest through videoconferencing from the bank's Head Office in Dhaka on Monday....
Under the initiative and funding of Jamuna Bank Foundation, a tree plantation programme and free medical camp were held in Katakhali, Munshiganj, recently. Local MP Mohammad Foysal Biplob was present as the chief guest at the inaugural ceremony while Chairman...
Syngenta Bangladesh Limited celebrated the indomitable spirit of rural female farmers with 'Nari Krishak Sammanana-2024' at Charghat in Rajshahi recently, says a press release. Six female farmers from the Syngenta Farmer School were awarded at the programme. Among them, three...
Syed Sazzad Haider Chowdhury has been promoted to Deputy Managing Director and Chief Information Officer of Prime Bank PLC, says a statement.Prior to this new role, he has been serving as Senior Executive Vice President and Chief Operating Officer of...
DUBAI, Feb 5 (Reuters): The Saudi Arabia 2023 budget recorded a surplus of 16 billion riyals ($4.27 billion) compared to the government's previous forecast deficit of 82 billion riyals, the investment ministry said on Monday, citing preliminary data.The Saudi government...
Industries Minister Nurul Majid Mahmud Humayun on Monday said his ministry would work with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to advance the country's economy and maintain the business-friendly environment, reports BSS. "The government is taking...
SAJIBUR RAHMAN | 2024-02-06 00:00:00
Corporate social responsibility (CSR) spending by the country's Islamic banking sector fell nearly 30.95 per cent in the first half of 2023 compared to the same period in 2022, according to Bangladesh Bank data.The CSR spending totalled Tk 2.01 billion...
MOUNT MAUNGANUI, New Zealand, Feb 05 (AFP): Rachin Ravindra struck a majestic double century before South Africa's top order collapsed on Monday, leaving New Zealand in command of the first Test in Mount Maunganui.Ravindra crafted a career-best 240 as the...
COLOMBO, Feb 05 (AFP): Sri Lanka won their one-off Test match against Afghanistan by 10 wickets with a day to spare, with their opening batsmen chasing down an easy target of 56 in Colombo Monday.Afghanistan were bowled out for 296...
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