JASIM UDDIN HAROON | 2024-01-24 00:00:00
Steep repo rate rises have fired up liquidity demand on the interbank money market, the central bank says in its annual report on government securities-now turning hotcakes. The weighted-average interbank repo rate had increased by 405 basis points from FY...
FE REPORT | 2024-01-24 00:00:00
After a nine-year hiatus, the prime minister-headed Planning Commission will convene today (Wednesday) to discuss public investment trends, the upcoming 9th Five-Year Plan and other key issues, officials said on Tuesday.Prime Minister Sheikh Hasina, who also chairs the commission, will...
SAIF UDDIN | 2024-01-24 00:00:00
The Dhaka International Trade Fair (DITF) has yet to hit its stride, despite opening its doors on Sunday. A visit to the venue on Tuesday revealed a lower-than-expected turnout to the month-long exposition, which participants attributed to several factors including...
FE REPORT | 2024-01-24 00:00:00
The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has launched a crackdown on the corporate taxpayers that might have evaded tax by concealing real income.Officials said the Cell would raid the premises of the taxpayers based...
Pedestrians in Dhaka's commercial hub Motijheel navigate a narrow footpath choked with construction debris. Adding to the congestion, vendors selling vegetables occupy nearly half the adjoining road, leaving commuters with little space to pass. — FE Photo by Shafiqul Alam
FE REPORT | 2024-01-24 00:00:00
The cabinet committee on government purchase (CCGP) on Tuesday approved a number of proposals mostly for import of liquefied natural gas (LNG), fertilisers, edible oils and lentils.Finance minister Abul Hassan Mahmood Ali chaired the meeting, its first under the newly...
FE REPORT | 2024-01-24 00:00:00
The World Bank will provide $700 million to Bangladesh for Rohingyas and the host communities in Bangladesh, Foreign Affairs Minister Dr Hasan Mahmud said on Tuesday.Of the amount, $315 million will be given as grant for the Rohingyas and the...
Bangladesh experienced its lowest temperature of the season Tuesday, with the capital city of Dhaka also enduring its coldest morning so far. In the 24-hour period leading up to 9 am on Tuesday, the mercury dropped to 6.6 degrees Celsius...
FE REPORT | 2024-01-24 00:00:00
Bangladesh must implement 32 international conventions to access the European Union (EU)'s Generalised Scheme of Preferences Plus (GSP+) after graduating from least - developed - country status, the EU envoy said on Tuesday."Access to GSP Plus comes with a long...
FHM HUMAYAN KABIR | 2024-01-24 00:00:00
Foreign-debt service by Bangladesh against loan buildups begins to soar, rising to US$1.56 billion in last six months, which is further squeezing the country's emaciated foreign-exchange reserves, official statistics show. The repayment in the first half (H1) of this fiscal...
M AZIZUR RAHMAN | 2024-01-24 00:00:00
Power tariffs at both bulk and retail levels are planned for serial hikes to phase out government subsidy in three years, under reforms which economist say would further add to people's cost of living.The Prime Minister's Office (PMO) recently approved...
Stock markets in China and Hong Kong have slumped to multi-year lows this week as confidence in the world's second-biggest economy has evaporated and foreign money has fled, while data showed sputtering growth and deepening real estate malaise, reports Reuters.Here...
Major stock markets in the Gulf were mixed in early trade on Tuesday, with the Saudi index on course to snap two sessions of gains, amid muted oil prices and rising tensions in the region, reports Reuters.Oil prices, a catalyst...
HONG KONG, Jan 23 (Reuters): Bank of America (BofA), opens new tab on Tuesday announced layoffs of around 20 bankers in Asia, said three sources with knowledge of the matter, as plunging markets in China and Hong Kong weighed on...
A three-day long Annual Business Conference of First Security Islami Bank was held recently at The Palace Luxury Resort, Habiganj. Syed Waseque Md Ali, managing director of the bank presided over the conference. Abdul Aziz and Muhammad Mustafa Khair, additional...
Islami Bank Bangladesh inaugurated its 'Premier Stall' at the Dhaka International Trade Fair. Mohammed Monirul Moula, managing director and CEO of the bank, inaugurated the stall on Tuesday at Bangabandhu Bangladesh-China Friendship Exhibition Center, Purbachal. Md Maksudur Rahman, senior executive...
Bank Asia Limited has won the Sustainability Reporting Award 2023 from the National Center for Corporate Reporting, Indonesia. Romo Rouf Chowdhury, chairman and Zakia Rouf Chowdhury, vice chairman, along with Rumee A Hossain, chairman of the Board Executive Committee, Dilwar...
Modhumoti Bank Limited held its three-day-long 'Annual Business Conference 2024' in Gazipur's Sarah Resort recently. Barrister Sheikh Fazle Noor Taposh, chairman of executive committee of the bank's board of directors was present as the chief guest. Md Shafiul Azam, managing...
The 340th meeting of the Board of Directors of Islamic Finance and Investment Limited (IFIL) was held on Monday at its head office at Tejgaon, Dhaka. KBM Moin Uddin Chisty, chairman of the board, presided over the meeting. Among others,...
Prime Bank Investment Limited (PBIL) has entered into an agreement with the Dhaka Stock Exchange (DSE) for the sharing of DSEX Shariah Index data, according to a press release. PBIL is the first merchant bank in Bangladesh to subscribe to...
FE REPORT | 2024-01-24 00:00:00
The Bangladesh Shipping Corporation (BSC) saw its profit erode by 26 per cent year-on-year to Tk 502 million in the second quarter through December, FY24, owing to a decline in vessel fare internationally coupled with higher finance expenses. Subsequently, the...
BABUL BARMAN and FARHAN FARDAUS | 2024-01-24 00:00:00
The stock market stayed upbeat on Tuesday effectively absorbing the floor price withdrawal shock, as buoyant investors injected fresh funds into fundamentally strong stocks.The exuberance was centred mostly on BRAC Bank, Square Pharmaceuticals, Reckitt Benckiser, Marico, and Unilever Consumer Care,...
Amid the dry weather, it becomes difficult to find freshwater to drink and use for household chores. In many cases, the residents have to rely on stored rainwater. Coastal people use clay pots to preserve the rainwater to be used...
Braving freezing cold, day labourers eagerly wait for work to make a living. Their income has largely fallen due to unavailability of work amid the prevailing chilly weather. The picture was taken from Pabna district town on Tuesday — Focus...
RAJSHAHI, Jan 23 (BSS): The elite force Rapid Action Battalion (RAB), in an anti-crime drive, recovered four one-shooter guns in an abandoned condition in Chapainawabganj district on Monday, said RAB sources on Tuesday.On a tip-off, a team of the elite...
MANIKGANJ, Jan 23 (BSS): The ferry services between Aricha- Kazirhat route resumed after about 11 hours of suspension, Bangladesh Inland Water Transport Corporation Paturia Ghat sources said.BIWTC Deputy General Manager (DGM) Shah Mohammad Khaled Newaz said the ferry movement between...
Rapid Action Battalion (RAB) arrested four accused in a murder case from Keraniganj and Gazipur areas on Monday, reports UNB.The arrestees are Hiru Sardar (40), Babu Sardar (35), Alamgir Sardar (45) and Mukta Begum (35).Shihab Karim, senior assistant director of...
Six persons were killed in separate road accidents in Mymensingh and Jhenaidah on Tuesday, report agencies.In Mymensingh, three persons were killed in a collision between a truck and a pickup-van in Taldighi area on Mymensingh-Sherpur road under Tarakanda upazila of...
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