FE Today Logo

Search results for:


HC upholds min portfolio of Tk 3m to qualify for trading in SME stocks

FE REPORT | 2023-09-12 00:00:00

The High Court has kept Tk 3 million as minimum investment to qualify for trading on the SME platform of the stock exchanges.Now, an investor, who has been maintaining a portfolio of at least Tk 3 million in listed securities...

Beximco Pharma faces EU export restrictions on ophthalmic plant's design concerns

FARHAN FARDAUS and BABUL BARMAN | 2023-09-12 00:00:00

Beximco Pharmaceuticals faces a ban on export of eye drops for glaucoma to the European market over concerns tied to the manufacturing plant in Bangladesh. The drug maker listed in Bangladesh's stock market and London Stock Exchange should be barred...

EU cuts eurozone 2023 growth forecast

2023-09-12 00:00:00

BRUSSELS, Sept 11 (AFP): The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany's poor performance.The EU's executive arm predicted the German economy would contract by 0.4...

Canada plans incentives to ease housing burden

2023-09-12 00:00:00

ONTARIO, Sept 11 (Reuters): Canada's Housing Minister Sean Fraser is evaluating a wide range of options as he looks to ease the housing crisis in the country, CBC reported on Sunday."There's a range (of incentives) that we're considering right now....

Malaysia to ban export of rare earths

2023-09-12 00:00:00

KUALA LUMPUR, Sept 11 (Reuters): Malaysia will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, Prime Minister Anwar Ibrahim said on Monday, making it the latest country to restrict shipments...

China set to invest billions in Serbian copper and gold mine

2023-09-12 00:00:00

BELGRADE, Sept 11 (AFP): China is set to pour billions into a copper and gold mine in eastern Serbia, marking another dramatic increase in investment in the Balkan country by Beijing.According to a memorandum of understanding signed over the weekend...

Qualcomm to supply Apple with 5G chips until 2026

2023-09-12 00:00:00

Qualcomm on Monday said it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere, reports...

PUBALI BANK HOLDS ORIENTATION PROGRAMME

2023-09-12 00:00:00

Pubali Bank Limited conducted a comprehensive orientation programme at its head office auditorium on Monday to welcome newly recruited 188 officials of the Alternative Delivery Channel (ADC) Division. Managing Director & CEO of the bank Mohammad Ali was present as...

TRUST BANK HOLDS CONFERENCE

2023-09-12 00:00:00

Trust Bank Limited held a conference on 'Prevention of Money Laundering & Combating Financing of Terrorism' for Cumilla Region at BURO Bangladesh office in Cumilla recently. Head of Bangladesh Financial Intelligence Unit Md Masud Biswas was present as the chief...

JAMUNA BANK HOLDS 'TOWN HALL MEETING'

2023-09-12 00:00:00

Jamuna Bank Limited organised a daylong 'Town Hall Meeting' of Chattogram Zone in the port city, aiming to enhance augmented customer service and expand banking services with due diligence. Md Saidul Islam, Chairman of the bank, was present as the...

S Arabia could open sovereign wealth fund office in India

2023-09-12 00:00:00

NEW DELHI, Sept 11 (Reuters): Saudi Arabia could set up an office of its sovereign wealth fund in India's Gujarat International Finance Tec-City (GIFT), its investment minister said in New Delhi on Monday.GIFT City is India's tax-neutral financial services centre...

HSBC to facilitate digital payment system for Ha-Meem Group

2023-09-12 00:00:00

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently signed an agreement with Ha-Meem Group, one of the country's top Readymade Garments (RMG) manufacturer, to process their transactions through online platform HSBCnet, says a press release. The agreement signing...

Bangladesh, Türkiye pledge stronger trade ties

FE REPORT | 2023-09-12 00:00:00

Bangladesh and Türkiye have reaffirmed their commitment to strengthening bilateral trade ties for mutual benefits of the two countries.This was told during a courtesy meeting between Turkish ambassador Ramis Sen in Dhaka and the Federation of Bangladesh Chambers of Commerce...

SAPL teams up with PLIL to develop rail logistics infra in Bangladesh

2023-09-12 00:00:00

Summit Alliance Port Ltd (SAPL) has partnered with Pristine Logistics & Infraprojects Ltd (PLIL), one of the largest integrated Rail Terminal Operators in India, to develop rail-linked inland container depots (ICDs), container freight stations (CFS) and multi-modal logistics parks (MMLPs)...

Prime Minister Sheikh Hasina and French President Emmanuel Macron witness the exchange of documents

2023-09-12 00:00:00

Prime Minister Sheikh Hasina and French President Emmanuel Macron witness the exchange of documents of two agreements signed between Bangladesh and France at the Prime Minister's Office in Dhaka on Monday. — PID

Reopen at least 10 mills to save local jute market

FE REPORT | 2023-09-12 00:00:00

To protect the country's jute market, the Bangladesh Jute Growers and Traders Association urged the government on Monday to reopen at least 10 jute mills among the production units that were closed around three years ago due to recurring losses."Nearly...

Panama Canal water levels at historic lows, restrictions to remain

2023-09-12 00:00:00

PANAMA CITY, Sept 11 (Reuters): The Panama Canal's water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year...

Copper climbs with Chinese currency recovery

2023-09-12 00:00:00

LONDON, Sept 11 (Reuters): Copper prices rose on Monday as a stronger Chinese currency, a weaker dollar and buoyant loan data from top consumer China fuelled purchases by traders that use algorithms to generate buy and sell signals.Becnhmark copper on...

Rice stock in Indonesia sufficient amid rising prices

2023-09-12 00:00:00

JAKARTA, Sept 11 (Reuters): President Joko Widodo on Monday said Indonesia has sufficient rice stock at home, seeking to allay concerns about supplies as prices of the staple hit multi-year highs due to periods of drought and low output.Rice prices...

Oil steady around 10-month highs

2023-09-12 00:00:00

LONDON, Sept 11 (Reuters): The benchmark oil price stabilised on Monday, holding above $90 a barrel reached last week for the first time in 10 months following fresh Saudi and Russian crude output cuts.Saudi Arabia and Russia last week announced...

News in Brief-(2023-09-12)

2023-09-12 00:00:00

Biden raises human rights in India with ModiNEW DELHI, Sept 11: US President Joe Biden has said that he raised issues of human rights in India and the importance of a free press with Prime Minister Narendra Modi in Delhi....

Trudeau stuck in New Delhi after aircraft breaks down

2023-09-12 00:00:00

NEW DELHI, Sept 11 (AFP): Canadian Prime Minister Justin Trudeau and his entire delegation were forced to extend their stay in New Delhi for the G20 summit by an extra day Sunday when his aircraft broke down.Trudeau arrived in India...

Morocco quake: Half of village's population dead or missing

2023-09-12 00:00:00

TAFEGHAGHTE, Sept 11 (BBC): The first resident of Tafeghaghte BBC journalists met offered a blunt assessment of the devastation caused by Morocco's earthquake. "People in this village are either in hospital or dead," they said.As they clambered up to the...

Kim will meet Putin today

2023-09-12 00:00:00

PYONGYANG, Sept 11 (BBC): North Korea's leader Kim Jong Un has reportedly started his journey to Vladivostok for a summit with Russia's President Vladimir Putin. The armoured train that Mr Kim uses for foreign visits appears to have departed Pyongyang,...

Poland forcing back migrants from border, Belarus says

2023-09-12 00:00:00

MOSCOW, Sept 11 (AFP): Belarus on Monday accused Poland of firing warning shots and using tear gas and physical force to push back migrants trying to enter the European Union through their volatile border.Ties between Minsk and Warsaw, frozen for...

Biden denies Cold War with China

2023-09-12 00:00:00

HANOI, Sept 11 (BBC): President Joe Biden has denied that the US is attempting to stem China's international influence, after signing a new historic deal with Vietnam.More than 50 years since the last American soldier left Vietnam, Mr Biden travelled...

Floods leave 150 dead in Libya

2023-09-12 00:00:00

BENGHAZI, Sept 11 (AFP): At least 150 people were killed in freak floods in eastern Libya as a result of storm Daniel which has swept the Mediterranean, an official said on Monday.Images filmed by residents of the disaster area showed...

Worker electrocuted in Brahmanbaria

2023-09-12 00:00:00

BRAHMANBARIA, Sept 11 (UNB): A worker was electrocuted while working in an under-construction mosque in Sadar upazila of Brahmanbaria district on Monday noon.The deceased was Hafez Muzahidul Islam, 18, son of late Auli Miah of Uchaliaypara in Sarail upazila of...

Gopalganj, Bhola, Habiganj road accidents kill three

2023-09-12 00:00:00

Three people were killed in separate road accidents in Gopalganj, Bhola and Habiganj districts on Monday and Sunday night, reports BSS.In Gopalganj, a man was killed in a road accident on the Dhaka-Khulna highway near Daserhat Shiva temple area under...

Sunamganj importers, traders stop transporting coal, lime stones

OUR CORRESPONDENT | 2023-09-12 00:00:00

SYLHET, Sept 11: About 700 importers of 3 LC stations of Sunamganj border stopped selling and transporting coal and lime stones from the stations through river routes protesting illegal toll collection by various stations. They lodged written complaints with the...