FE REPORT | 2023-10-10 00:00:00
A visiting IMF mission Monday discussed with Bangladesh finance authorities a strategy to lower energy and fertiliser subsidies by hiking already-high prices of the two key items, officials said.At a meeting with the finance-division officials of the Ministry of Finance...
Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Mymensingh and Sylhet divisions in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office.It may also occur...
Border Guard Bangladesh (BGB) seized 3.067 kg crystal meth from the Domdamia frontier of Teknaf in Cox's Bazar district, reports UNB.Based on secret information, members of the paramilitary force came to know that a drug shipment may enter Bangladesh territory...
Bangladesh Agricultural Research Institute (BARI) Director General Dr Debasish Sarker and Acting Director-South Asia of Centre for Agriculture & Bioscience International (CABI) Dr Vinod Pandit signed a Memorandum of Understanding (MoU) on behalf of their respective organisationa at the BARI...
Bangladesh Council of Scientific and Industrial Research (BCSIR) Chairman Professor Dr Md Aftab Ali Shaikh and Begum Rokeya University Vice Chancellor Professor Dr Md Hasibur Rashid holding documents after signing a Memorandum of Understanding (MoU) on behalf of their respective...
FE REPORT | 2023-10-10 00:00:00
The High Court on Monday asked to maintain status quo on the floors 21 to 28, a part of the unauthorized extension, of a 28-storey building of Borak Real Estate Limited constructed on the land of Dhaka North City Corporation...
Canadian High Commissioner to Bangladesh Lilly Nicholls on Monday said her country is committed to remaining a friend and partner of Bangladesh, reports UNB."We know that Canada and Bangladesh are both diverse countries; both champions of multilateralism, and both are...
The Cabinet on Monday in principle approved the draft of Bangladesh Labour (Amendment) Act, 2023, increasing the maternity leave to 120 days from 112 days (16 weeks), reports UNB.The approval came from the Cabinet meeting chaired by Prime Minister Sheikh...
Swedish State Secretary for International Development Cooperation at the Ministry of Foreign Affairs, Diana Janse, on Monday said her country wants to see free, fair and inclusive election in Bangladesh, reports UNB.She said this while making a call on Prime...
FE REPORT | 2023-10-10 00:00:00
Dialogue among political parties is a sine qua non to resolve the ongoing political stalemate, political analysts put this assertion at an event in Dhaka city on Monday.People are passing through a difficult patch as main political rivals are yet...
State Minister for Foreign Affairs Md Shahriar Alam has reiterated that there is no possibility of any punitive measures by any country against Bangladesh before the next national election, reports UNB."Not at all," he told reporters on Monday when his...
A Dhaka court has sentenced 15 leaders and activists of BNP, including the party chairperson's advisor Habibur Rahman Habib and party vice-chairman and former lawmaker M Shahjahan to four years ‘imprisonment each, in two separate cases, reports BSS.Dhaka Metropolitan Magistrate...
The medical board in the city's Evercare Hospital has recommended that BNP Chairperson Khaleda Zia be urgently sent to a multidisciplinary centre abroad soon as there are now no treatment options available for her in Bangladesh, reports UNB.Speaking at a...
Awami League (AL) General Secretary Obaidul Quader said negotiating with the BNP is not possible violating the constitution, reports UNB.He made the remarks while speaking at a press briefing after a meeting with the pre-election delegation of the United States...
FE REPORT | 2023-10-10 00:00:00
Bangladesh Nationalist Party (BNP) told on Monday the visiting US team that the upcoming elections will not be free and fair under the regime of Prime Minister Sheikh Hasina. "We (BNP) informed the US delegation about our views that a...
Major stock markets in the Gulf fell in early trade on Monday, with the Dubai bourse falling the most as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East, reports Reuters.Israel's troops...
BENGALURU, Oct 9 (Reuters): Shares of billionaire Gautam Adani's Adani Ports And Economic Zone fell as much as 4.5 per cent on Monday, as investors grew wary over possible escalation of a conflict in Israel, where the company owns a...
LONDON/PARIS, Oct 9 (Reuters): Europe's luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese slowdown and interest rate uncertainty.After starting 2023 in vogue, on hopes...
SYDNEY/LONDON, Oct 9 (Reuters): Conflict in the Middle East lifted oil and safe-haven government bonds and hurt global stocks and Israeli assets on Monday after Friday's sizzling September US jobs report raised the rate stakes for inflation figures later in...
SEOUL, Oct 09 (Reuters): Samsung Electronics and SK Hynix will be allowed to supply US chip equipment to their China factories indefinitely without separate US approvals, South Korea's presidential office and the companies said on Monday.The US had been expected...
NEW YORK, Oct 09 (Agencies): US bank Citigroup is to sell its consumer banking business in China to Asia-focused banking giant HSBC, it announced on Monday.The deal, which will be finalised in the first half of 2024, will include the...
Dhaka WASA has paid off an installment loan taken from the government for its different projects. The handover ceremony of Debt Service Liabilities (DSL) cheque of fiscal year 2023-24 for Tk 3.4 billion was held at the conference room of...
A sixteen-day foundation course for probationary officers of National Bank Limited (NBL) has been concluded at the bank's training institute recently. Some 33 probationary officers from different branches of NBL participated in the training course. Md Mehmood Husain, managing director...
Rupali Bank Limited has been named the best bank at the Financial Cyber Drill-2023 in the bank and financial institution category. Mohammad Jahangir, managing director and chief executive officer (CEO) of Rupali Bank, thanked the Rupali Bank team for the...
The unit offering of Capitec Grameen Bank Growth Fund to eligible general investors via the stock exchange electronic subscription system was held on Monday at DSE Tower in Dhaka. ATM Tariquzzaman, managing director of Dhaka Stock Exchange Limited (DSE), Khairul...
Syed Moazzam Hossain and Jobayer Tansim Ahmed have been elected president and secretary general of the Australia Bangladesh Chamber of Commerce and Industry (ABCCI) respectively for the term of 2023-2025, says a press release.Mr SM Hossain is the Managing Director...
TRANSFORM, an impact accelerator that unites corporates, donors, investors and academics to support visionary enterprises, has announced a key milestone as research shows it has positively impacted over 10 million people across Africa and Asia, says a press release.Led by...
BENGALURU, Oct 09 (Reuters): India's retail vehicle sales rose 20 per cent in September, a dealers' body said on Monday as it forecast a strong festive season, with easing monsoon worries and higher rural demand helping sentiment.With a 42-day festive...
FE REPORT | 2023-10-10 00:00:00
Some 44 per cent units of Capitec Grameen Bank Growth Fund have remained unsold in the public portion, reflecting a further erosion of investor confidence in the mutual fund sector.The overall sector's weak performance affected the subscription of the new...
FARHAN FARDAUS | 2023-10-10 00:00:00
Last week's lending rate hike by the Bangladesh Bank is feared to wipe out the remaining liquidity of the stock market as investors are likely to rush to divert investment to fixed-income assets. As borrowing cost is going to go...
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