TAIPEI, Sept 18 (Reuters): Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India...
As Citigroup embarks on a sweeping reorganisation, support staff in compliance and risk management are among the most likely to lose their jobs, say sources close to the situation, reports The Express Tribune.Technology staff working on overlapping functions are also...
NEW YORK, Sept 18 (Reuters): Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.Others, like Citigroup, are preparing...
CAIRO, Sept 18 (Arab News): Saudi firms have taken the venture ecosystem by storm with startup activity dominating activity in recent weeks.Saudi Aramco's $500 million venture capital subsidiary Wa'ed Venture made global headlines as it co-led a $52 million series...
PARIS, Sept 18 (AFP): France will lift a ban on below-cost sales to bring down fuel prices, Finance and Economy Minister Bruno Le Maire said Monday, hoping to soothe consumers' inflation anxieties.With a draft law set for debate in October,...
The 860th meeting of the Executive Committee of Shahjalal Islami Bank Limited was held recently at its corporate head office in Dhaka. The meeting was presided over by the committee Chairman Akkas Uddin Mollah. The committee Vice-Chairman Fakir Akhtaruzzaman, member...
Newly appointed Managing Director (MD) of Dhaka Stock Exchange (DSE) Dr ATM Tariquzzaman along with others places a wreath at the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at Dhanmondi in the city on Sunday.
The branch managers' conference of Jashore of Janata Bank Limited was held at a local hotel in Jashore recently. Janata Bank Managing Director and CEO Md Abdul Jabbar addressed the conference as the chief guest while DMD Md Romzan Bahar...
Premier Bank has signed a Participating Financial Institution (PFI) agreement with the Bangladesh Bank to avail a readymade garment pre-financing scheme. Abu Farah Md Nasser, deputy governor of Bangladesh Bank was the chief guest at the ceremony. Moni Shankar Kundu,...
Dhaka Bank Limited and Agora Limited signed a payroll banking agreement on September 17 at the bank's head office at Gulshan in Dhaka. HM Mostafizur Rahaman, executive vice president and head of Retail Business Division of Dhaka Bank, and Rezaul...
Islami Bank Bangladesh PLC achieved the 'Commonwealth Business Excellence Award-2023' as the strongest bank in Bangladesh. The award was announced in 'The Commonwealth Partnership Summit and Business Excellence Awards' ceremony held in Singapore recently. This award is conferred on reputed...
LONDON, Sept 18 (AFP): Former UK Conservative prime minister Liz Truss on Monday waded in to give the Tory government economic advice, nearly a year after she triggered market turmoil and took the UK to the brink of financial meltdown.In...
ISTANBUL, Sept 18 (Reuters): Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country's communications directorate said on Monday.It cited Musk as saying that many Turkish suppliers are already working with Tesla...
Southeast Bank has launched a 3-month-long campaign titled "Utshob" for its partner and customers of agent banking outlets. The aim is to motivate foreign expatriates to send remittance through the banking channel. Customers will get attractive gifts against remittances received...
FARHAN FARDAUS | 2023-09-19 00:00:00
Unique Hotel & Resort's profit almost doubled in FY23, compared to the previous year, supported by extraordinary income from the sale of shares of its subsidiary. Nearly two-thirds of the luxury hotel's annual profit of Tk 1.89 billion came from...
BABUL BARMAN | 2023-09-19 00:00:00
DBH Finance has decided to raise Tk 5.50 billion by issuing bonds to finance affordable housing against the backdrop of a rise in deposit rates. With the money, it seeks to tap into the demand for home loans among the...
KUALA LUMPUR, Sept 18 (Reuters): Malaysia will talk to the Indian government to find a "best solution" over the South Asian country's rice export restrictions, Malaysia's agriculture minister said on Monday, amid concerns over rising prices and supply shortages.State-run Malaysian...
MUMBAI, Sept 18 (Reuters): The Indian rupee fell to a fresh record closing low on Monday, despite likely help from the Reserve Bank of India, as rising crude oil prices pushed up dollar demand.The rupee closed at 83.2675 against the...
LONDON, Sept 18 (Reuters): The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a report released last week, the latest sign that corporate stress is building.While defaults tend...
SINGAPORE, Sept 18 (Reuters): Singapore Telecommunications (SingTel) said on Monday global investment firm KKR will acquire a 20 per cent stake in SingTel's regional data centre business for S$1.1 billion ($806.87 million).The deal puts the enterprise value of SingTel's overall...
MADRID, Sept 18 (Reuters): The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper...
Shari'ah-based Standard Bank Limited organised its Chattogram Divisional Business Review Meeting at the conference room of World Trade Centre in Chattogram recently. Participation of the head of 24 selected branches and officials of Chattogram regional office. Md. Habibur Rahman, Managing...
ONE Bank Limited signed a Memorandum of Understanding (MoU) with Concord Real Estate & Building Products Limited at the bank's corporate headquarters recently. Under this MoU, customers of Concord Real Estate & Building Products can avail home loan and other...
Bengal Commercial Bank signed an agreement with Genex Infosys to provide 24/7 'call centre' service to the clients. Tarik Morshed, Managing Director & CEO of Bengal Commercial Bank, and Shahjalal Uddin, Managing Director & CEO (Acting) of Genex Infosys, signed...
First Security Islami Bank Ltd. achieved 'VISA Payment Excellence Awards-2023' in the category of 'Excellence in Debit Cards' among the associated members of VISA Inc. Planning Minister M A Mannan handed over the award to Md Masudur Rahman Shah, Deputy...
Nagad, a popular mobile financial service provider in Bangladesh, has come up with an exciting offer for gadget lovers to follow three steps, suggested by star cricketers Tamim Iqbal and Mahmudullah Riyad on their respective Facebook pages, and win newly...
FE REPORT | 2023-09-19 00:00:00
A three-day regional tourism fair will begin in the capital city of Dhaka on Thursday with an eye to giving an impetus to the country's tourism sector.The fair styled '10th Asian Tourism Fair and Bangladesh Tourism Development Summit 2023' kicked...
The ekShop, an innovative initiative of Aspire to Innovate (a2i), has won the United Nations (UN) 'SDG Digital GameChangers Award' in recognition of its contribution to bridging the urban-rural gap by extending e-commerce services to remote areas of Bangladesh. The...
Standard Chartered Bangladesh recently completed the first Indian rupee (INR)-denominated transaction for Walton Hi-Tech Industries PLC to facilitate refrigerator and freezer exports to India, reports BSS.This milestone is also the first BDT-INR export transaction for Bangladesh's electronics industry, according to...
KUALA LUMPUR, Sept 18 (Reuters): Malaysia is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, plantations and commodities minister Fadillah Yusof said on Monday.Planters in Malaysia, the world's second largest producer of...
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