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'Dhaka Travel Mart 2024'

2024-01-16 00:00:00

National flag carrier Biman Bangladesh Airlines joined the international tourism fair 'Dhaka Travel Mart 2024' as the title sponsor. To this effect, Biman Director of Marketing and Sales (Acting) Mohammed Salahuddin and Bangladesh Monitor Editor Kazi Wahidul Alam signed an...

Modhumoti Bank inaugurated revenue collection booths

2024-01-16 00:00:00

Modhumoti Bank Limited inaugurated revenue collection booths in Dhaka South City Corporation areas on Monday for the collection of holding taxes and trade licence fees. In the presence of Modhumoti Bank Managing Director and CEO Md Shafiul Azam, Dhaka South...

Formulate proper planning to utilise internal resources

2024-01-16 00:00:00

Industries Minister Nurul Majid Mahmud Humayun has laid emphasis on formulating proper planning to best utilise the country's internal resources, reports BSS."In the context of existing global and regional geo-economic volatility, we have to concentrate on formulating a proper planning...

Prime Bank partners with Dutch FMO to avail $50m in term loans

FE DESK | 2024-01-16 00:00:00

To amplify its commitment to inclusivity and sustainability, Prime Bank has entered into a strategic partnership with the Dutch entrepreneurial development bank FMO.The collaboration comes in the form of a term loan agreement, with FMO providing $50 million to Prime...

Non-functional RSRM surges 48pc in 2 months

FE REPORT | 2024-01-16 00:00:00

Ratanpur Steel Re-Rolling Mills (RSRM) is out of operation for two years but its stock price has escalated by 48 per cent in the last two months. The stock jumped from Tk 16.30 to Tk 24.10 a share since November...

Its redemption sets example for other electricity generators

MOHAMMAD MUFAZZAL | 2024-01-16 00:00:00

Investors have begun to see redemption of a listed subordinated bond issued by Ashuganj Power Station Company, fueling optimism surrounding the secondary market of debt securities. This is the first time a listed bond floated by an energy company is...

Hitachi's Indian business expects to have $20b revenue by 2030

2024-01-16 00:00:00

DAVOS (Switzerland), Jan 15 (Reuters): Hitachi India expects to contribute $20 billion in revenue to its Japanese parent by 2030, its managing director said in an interview on the sidelines of the World Economic Forum annual meeting."India is being looked...

Farmers block Berlin avenue in tax protest

2024-01-16 00:00:00

BERLIN, Jan 15 (Reuters): Thousands of tractors and trucks and about 10,000 people blocked the avenue leading to Berlin's Brandenburg Gate on Monday, capping a week of protests against higher taxes for farmers that have become a flashpoint for anti-government...

Women's appointment to board level at EU financial firms slows

2024-01-16 00:00:00

LONDON, Jan 15 (Reuters): The percentage of women appointed to board-level roles at large financial services firms in the European Union fell last year, making it harder for the sector to meet the bloc's looming diversity target, a survey from...

Global bank valuations could rise by $7t in five yrs: study

2024-01-16 00:00:00

NEW YORK, Jan 15 (Reuters): Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report...

RFL starts exporting sanitary fittings to UK

FE REPORT | 2024-01-16 00:00:00

RFL, a leading business conglomerate, has started exporting PVC sanitary fittings to the United Kingdom (UK). The first consignment of sanitary fittings was sent to the UK from the RFL Pipe & Fittings factory at Habiganj Industrial Park in Habiganj...

SHIMANTO BANK OPENS CHIRIRBANDAR BRANCH

2024-01-16 00:00:00

Shimanto Bank has officially inaugurated Chirirbandar Branch and ATM recently. Sector Commander of Dinajpur Sector & Deputy Director General of Border Guard Bangladesh Col Rashed Asgar was present as the chief guest at the inaugural ceremony and Managing Director &...

DUTCH-BANGLA BANK TO SELL PRAGATI LIFE INSURANCE'S PRODUCTS

2024-01-16 00:00:00

Pragati Life Insurance recently signed a bancassurance agreement with Dutch-Bangla Bank. Under the agreement, the bank's customers can purchase various insurance products of the insurance company, such as health insurance, education insurance and other savings-oriented life insurance plans, through the...

JAMUNA BANK FOUNDATION HOLDS FREE MEDICAL CAMP -

2024-01-16 00:00:00

Jamuna Bank Foundation held a free medical camp at Kashinathpur in Pabna recently. At the event, 7,036 people received free healthcare services and 947 individuals were listed for free eye operation. Also, 2500 blankets were distributed among cold-affected people. Nur...

China growth seen slowing to 4.6pc

2024-01-16 00:00:00

BEIJING, Jan 15 (Reuters): China's economic growth is likely to slow to 4.6 per cent in 2024, and cool further to 4.5 per cent in 2025, a Reuters poll showed, raising the heat on policymakers to roll out more stimulus...

Hotline for update on product prices soon: Palak

FE REPORT | 2024-01-16 00:00:00

The government is all set to launch a new hotline for consumers so they can share real-time information on the prices of essential commodities.An extra digit will be added to the national hotline number 333 to this end.Accordingly, the authorities...

Govt seeks details on winding up of JB subsidiary in Italy

REZAUL KARIM | 2024-01-16 00:00:00

The government has asked Janata Bank (JB) to provide a tentative schedule for winding up the operations of its subsidiary, Janata Exchange Company (JEC), in Italy.The state-owned bank has also been asked to explain whether the closure of the exchange...

EU's eastern states seek import duties on Ukraine grains

2024-01-16 00:00:00

BUDAPEST, Jan 15 (Reuters): The European Union's eastern states are demanding the EU impose import duties on Ukraine grains, citing unfair competition, Hungary's agricultural ministry said on Monday.The ministry said the farm ministers from Bulgaria, Poland, Hungary, Romania and Slovakia...

Gold prices edge up -----

2024-01-16 00:00:00

Gold prices advanced on Monday, as the metal's appeal was boosted by safe-haven demand owing to tensions in the Middle-East, while markets raised bets that the Federal reserve will cut rates sooner than expected, reports Reuters.Spot gold was up 0.2...

Embraer sees record agriculture plane deliveries this year

2024-01-16 00:00:00

SAO PAULO, Jan 15 (Reuters): Brazilian planemaker Embraer expects its agricultural aircraft Ipanema to hit record deliveries this year after a positive 2023 driven by the strength of the country's farm sector, it told Reuters on Monday.Used in crop-dusting activities,...

QatarEnergy halts Red Sea LNG shipping amid attacks, seeking security advice

2024-01-16 00:00:00

DOHA/SINGAPORE, Jan 15 (Reuters): QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a senior source with direct knowledge of the matter told Reuters on Monday.Yemen's Iran-backed Houthi...

News in Brief (2024-01-16)

2024-01-16 00:00:00

Britain commits 20,000 military personnelfor NATO exercise in EuropeLONDON, Jan 15: Britain will commit 20,000 military personnel to serve across Europe in a major NATO exercise in the first half of this year, as well as warships and fighter jets,...

Maldives ultimatum on troops withdrawal deepens India row

2024-01-16 00:00:00

MALE, Jan 15 (BBC): Bilateral ties between the Maldives and India - that have hit rock-bottom in recent weeks - have taken another tumble after Male formally asked Delhi to withdraw its troops from the island nation by 15 March.The...

83 countries hold Ukraine peace talks

2024-01-16 00:00:00

DAVOS, Jan 15 (AFP): More than 80 countries held talks on Sunday seeking common ground on Ukraine's peace formula, as the Swiss co-hosts admitted that including Russia in negotiations remains some way off.National security advisors from 83 countries held a...

Climate protesters interrupt Trump event in Iowa

2024-01-16 00:00:00

INDIANOLA, Jan 15 (AFP): Several young protesters chanting "Trump, climate criminal" briefly disrupted an Iowa campaign event by the former US president on the eve of the state's first-in-nation vote in the Republican presidential nomination race.One protester held a black-and-yellow...

Vinícius Jr treble in Real Super Cup win over Barca

2024-01-16 00:00:00

RIYADH, Saudi Arabia, Jan 15 (AP): Vinícius Júnior did his best Cristiano Ronaldo impression in Saudi Arabia, scoring a hat trick and leading Real Madrid to a 4-1 rout of Barcelona and the Spanish Super Cup trophy.Vinícius scored his three...

Injured Williamson set to miss remainder of Pakistan series

2024-01-16 00:00:00

WELLINGTON, Jan 15, 2024 (AFP) - New Zealand captain Kane Williamson, who suffered a hamstring injury in the second Twenty20 against Pakistan, is unlikely to take any further part in the series, coach Gary Stead said Monday.Williamson was already set...

Truth about David Warner's baggy green mystery finally comes out

2024-01-16 00:00:00

The mystery surrounding David Warner's missing Baggy Green caps seems to have finally been solved, according to British daily newspaper The Daily Mail.The veteran opener made a desperate plea for the return of his treasured caps after they were lost...

PSG's Lee upstages misfiring Son as S Korea win Asian Cup opener

2024-01-16 00:00:00

DOHA, Jan 15 (AFP): Paris Saint-Germain's Lee Kang-in upstaged Son Heung-min with two goals as South Korea began their bid for a first Asian Cup since 1960 with a 3-1 win over Bahrain on Monday.Lee has impressed at PSG since...

Young Tigers suffer defeat in rain-affected 1st warm-up match against Sri Lanka

2024-01-16 00:00:00

The Bangladesh Under-19 team slumped to a 112-run defeat to Sri Lanka youngsters on (Duckworth-Lewis-Stern) DLS method in their first practice game for the ICC Under-19 World Cup at Pretoria on Sunday, reports BSS.In the game, hit by rain, Sri...