FE REPORT | 2024-01-25 00:00:00
Mongla Port Authority (MPA) bid to buy land to build waste dump for disposing dredging litters looks uncertain for failed attempt at borrowing funds, sources said. They said the MPA move fizzled out as the Chittagong Port Authority (CPA) declined...
MUNIMA SULTANA | 2024-01-25 00:00:00
Half the capacity of the mass rapid transit (MRT) line-6 has remained unutilised despite huge passenger pressure following the inauguration of its daylong operation since Saturday.Metro-rail-company sources have attributed the passenger pressure at the terminals to the unavailability of adequate...
JUBAIR HASAN | 2024-01-25 00:00:00
Commercial banks have so far received Tk 80 billion worth of newly introduced special government bonds meant for settling accumulated arrears to independent power producers and fertiliser suppliers that also bear multiple financial gains, officials said.The government early this month...
BEIJING, Jan 24 (Reuters): China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system and send a strong signal of support for a...
SAN FRANCISCO/DETROIT, Jan 24 (Reuters): Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model...
LONDON, Jan 24 (Reuters): Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a US stock market listing and a soccer sponsorship deal, legal filings...
RIYADH, Jan 24 (Arab News): Egypt's outlook shift reflects concerns about the potential weakening of the country's credit profile amid challenging macroeconomic conditions and ongoing efforts for fiscal consolidation. This connection constrains the standalone financial profile of these banks.Additionally, the...
Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday, reports AFP.In its annual report on the electricity market, the IEA said that renewable - in...
KUALA LUMPUR, Jan 24 (Reuters): Malaysia's central bank kept its benchmark interest rate unchanged for the fourth straight meeting on Wednesday, seeking to support economic growth ahead of an expected pickup in inflation following planned subsidy changes.Bank Negara Malaysia (BNM)...
Padma Bank PLC and IMO Holidays signed an agreement on Customer Benefit Programme at the bank's Gulshan Head Office on Monday. Under the agreement, Padma Bank cardholders and employees can enjoy attractive discounts on various packages, hotels and destinations offered...
A participation agreement was signed between Probashi Kallyan Bank and Bangladesh Bank (BB) regarding refinance facility under the SPCSSEC Project of ADB recently. Md Mazibur Rahman, Managing Director of Probashi Kallyan Bank, and Md Khurshid Alam, Executive Director & Project...
Sonali Bank PLC distributed winter clothes among the cold-hit destitute people at Harirampur Upazila auditorium in Manikganj on Tuesday under its Corporate Social Responsibilities (CSR) activities. Sonali Bank general managers AKM Selim Ahmed and Arshad Hossain, and Upazila Nirbahi Officer...
STUTTGART, Jan 24 (AFP): At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.Price cuts of 20 to 30 per cent were not...
The 'Annual branch manager's conference-2024' of Union Insurance Company Ltd was held at the company's head office in the capital recently. Founder Chairman Mozaffar Hossain Paltu was present in the meeting as chief guest. The conference was presided over by...
Dhaka Bank and Comfystyle, a clothing brand of Purbani Lifestyle Limited, signed an MoU at the head office of Dhaka Bank in the city on Tuesday. In presence of Emranul Huq; managing director & CEO, Dhaka Bank, Md. Mostaque Ahmed,...
Exim Bank signed a participation agreement with the Bangladesh Bank on Wednesday at the BB head office, to provide investment support to environment-friendly projects through a refinancing scheme of the Bangladesh Bank of Tk 4 billion. Managing Director and CEO...
City Bank has received approval from the Bangladesh Bank on Wednesday to start Bancassurance business with Guardian Life Insurance Ltd. Mohammad Shahriar Siddiqui, director, Banking Regulation and Policy Department (BRPD) of Bangladesh Bank, handed over the approval document to Sheikh...
Ali Reza Iftekhar, managing director and CEO of Eastern Bank (EBL) launched the Smart Interactive Voice Response (Smart IVR) service at ZN Tower in the city's Gulshan area on Wednesday. Smart IVR is a platform that will enable customers to...
FE REPORT | 2024-01-25 00:00:00
JMI Hospital Requisite Manufacturing has forged a partnership with India's renowned hospital chain brand Apollo for ensuring access to world-class treatment for patients in Bangladesh. JMI Group will establish and operate Apollo Clinic in Dhaka. A licence agreement has been...
Prof Dr Md Salim Uddin, chairman of Bangladesh House Building Finance Corporation (BHBFC), was elected the president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for 2024 on Sunday, says a statement.Besides, Mahtab Uddin Ahmed and Akhtaruzzaman...
Prime Minister Sheikh Hasina visited the premier pavilion of Minister Hi Tech Park Electronics Limited after inaugurating the 28th Dhaka International Trade Fair 2024 at Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal on Sunday. MA Razzaq Khan Raj, Chairman of...
MOHAMMAD MUFAZZAL | 2024-01-25 00:00:00
Runner Automobiles has planned to cut down its short- and long-term loan burden by expanding its equity and focus on manufacturing electric vehicles to turn the losing concern into a profit-making business. Chairman of Runner Group Hafizur Rahman Khan revealed...
FE REPORT | 2024-01-25 00:00:00
Eastern Housing's profit dropped slightly to Tk 194 million in the October-December quarter of FY24, as apartment sales fell sharply amid rising costs of building materials.The lone listed realtor's apartment sales dropped 62 per cent year-on-year to Tk 31 million...
NATORE, Jan 24 (BSS): A court has sentenced a man to life-term imprisonment for raping a a young girl after abduction in Bagatipara upazila of the district in 2010.The convict is Dulal Das (36), hailing from Chimnapur villege in the...
A Munshiganj court has sentenced four people to death for murdering an autorickshaw driver in 2020, reports bdnews24.com.Additional District and Sessions Judge Yasmin Akhter Urmi delivered the verdict on Wednesday. She also imposed a fine of Tk 50,000 on each...
Rapid Action Battalion (RAB) arrested 634 people for their alleged involvement in robbery by conducting raids across the country including Dhaka in 2023, reports UNB. Besides, the elite force members detained a total of 3,166 robbers by conducting regular operations...
Two members of United People's Democratic Front (UPDF) have allegedly been shot dead in Khagrachhari's Mohalchari upazila, reports bdnews24.com.One other member of the group went missing after the shooting that took place in the upazila's Durchhari village around 6:30 am...
Northern Electricity Supply Company Limited (NESCO) staff formed a human chain in front of the head office of the state-owned company in Rajshahi on Wednesday, demanding 5.0 per cent incentives declared by the Prime Minister — FE photo
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