FE REPORT | 2023-09-14 00:00:00
The non-bank financial institutions (NBFIs) have urged the regulators to segregate the financial services provided by them and the banks so that they could play a more effective role in the country's overall socioeconomic development.Both are offering almost similar products...
FHM HUMAYAN KABIR | 2023-09-14 00:00:00
Foreign-currency transactions using cards has recorded a phenomenal rise in recent months, adding pressure to depleting foreign-exchange reserves, sources said.Such a spurt in foreign-currency transactions by banking card raises curiosity among some analysts and economists who smell fund flight this...
ASJADUL KIBRIA, from GENEVA | 2023-09-14 00:00:00
Generative Artificial Intelligence (AI) and ChatGPT will be a big issue in near future to determine the course of trade and jobs. So it is critical for the countries, especially the developing nations, to understand the fast changing issue. An...
At least six Bangladeshi expatriates were killed and several others went missing as international media reports suggest the catastrophe claimed over 5,000 people while hospital morgues overwhelmed in the north African country amid searches for thousands others, reports BSS. "According...
FE REPORT | 2023-09-14 00:00:00
The Islamic banking sector in Bangladesh continues to face liquidity challenges, Fitch Rating says in its latest report released on Wednesday. The report by the US credit rating agency, however, says that liquidity is improving, underpinned by central bank support...
The Cyber Security Bill 2023 was passed in parliament on Wednesday with a provision making offences under four of its sections non-bailable.It is proposed to replace the much-talked-about Digital Security Act, in which offences under 14 sections were non-bailable, reports...
MONIRA MUNNI | 2023-09-14 00:00:00
A latest global study warns that extreme heatwaves and flooding pose a grave threat to the projected apparel-export earnings of four Asian nations, including Bangladesh, with a potential loss of US$ 65 billion by 2030. It warns that Bangladesh alone...
Prime Minister Sheikh Hasina on Wednesday invited investors from Commonwealth countries to come to Bangladesh in a bigger way, reports UNB."Geographically, Bangladesh is at the centre of a market of 3.0-billion people. We've 170-million people of our own. By 2030,...
ASJADUL KIBRIA, FROM GENEVA | 2023-09-14 00:00:00
Bangladesh's digital services export is outpacing traditional goods shipment although the country's overall digitally generated services sector still stays nascent and needs policy push to unlock potential.The World Trade Report 2023, themed 'Reglobalisation for a Secure, Inclusive and Sustainable Future',...
Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Thursday), according to the Met Office.It may also occur...
Bangladesh University of Engineering and Technology (BUET) Vice-Chancellor Professor Dr Satya Prasad Majumdar, Professor Dr Mahmuda Nazneen, faculty member of Computer Science, Professor Dr Md Jahangir Alam, Vice-chancellor of Rajshahi University of Engineering and Technology (RUET), among others, virtualy joined...
A physician inspecting an X-ray film of a dengue patient at Kamrangirchar 31-Bed Hospital in the city on Wednesday. Bangladesh is grappling with a record deadly outbreak of dengue fever as the number of cases and fatalities continue to rise...
Civil Aviation Authority of Bangladesh (CAAB) has withdrawn 10 officials as a minor boy managed to board a flight of Kuwait Airlines after dodging the security at Hazrat Shahjalal International Airport (HSIA) in the city, reports UNB.Besides, a five-member probe...
The United States and Bangladesh share a vision to ensure that the Indo-Pacific region is free and open, connected, prosperous, secure, and resilient, a US spokesperson has said, reports UNB."That's the intent of our Indo-Pacific strategy and that is our...
SYFUL ISLAM | 2023-09-14 00:00:00
The Chittagong Port Authority (CPA) has invited fresh offers from interested parties to operate the Inland Container Depot (ICD) at Kamalapur in the capital as it cancelled the previous tender amid allegations of favouring a vested interest group, officials have...
FE REPORT | 2023-09-14 00:00:00
No person can own more than 60 bighas of arable land, even if they inherit more than that. After retaining their preferred 60 bighas of land, individuals must surrender the excess, which may be acquired by the government with compensation.These...
Jatiya Sangsad (Reserved Women's Seat) Election (Amendment) Bill 2023 was passed in Parliament doubling the security deposit required for candidates to run in elections to reserved women's seats, reports UNB.Law Minister Anisul Huq moved the Bill and it was passed...
FE REPORT | 2023-09-14 00:00:00
A written application has been filed with the Third Labour Court in Dhaka for taking cognizance criminal charge against Saif Uddin Ahmed, Inspector General of the Department of Inspection for Factories and Establishments (DIFE), and some others, on an allegation...
FE REPORT | 2023-09-14 00:00:00
Three associate bodies of the Bangladesh Nationalist Party (BNP) will hold a two-day youth road march from September 16 to drum up public support for their ongoing one-point demand.The party in opposition has long been demanding for immediate resignation of...
Jan-Rolf Janowski, Chargé d'Affaires of the German Embassy in Dhaka, on Wednesday met BNP Secretary General Mirza Fakhrul Islam Alamgir and discussed various issues, including Bangladesh's next general election, reports UNB.The nearly one-hour-long meeting was held at the BNP Chairperson's...
Awami League General Secretary Obaidul Quader on Wednesday slammed BNP leaders, including Mirza Fakhrul Islam Alamgir, for spreading lies about French President Emmanuel Macron's visit to Bangladesh and the country's diplomatic gains at the recently held BRICS and G20 summits,...
MUMBAI/NEW DELHI/DUBAI, Sept 13 (Reuters): India's Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, three sources with direct knowledge of...
STRASBOURG (France), Sept 13 (AFP): Brussels will investigate Chinese state subsidies for electric cars, EU chief Ursula von der Leyen said Wednesday, vowing to defend Europe's industry against "artificially low prices"."Global markets are now flooded with cheaper Chinese electric cars....
Major stock exchanges in the Gulf declined on Wednesday, tracking global equities ahead of release of US CPI data as concerns around the Federal Reserve's rate trajectory dampened investor sentiment, reports Reuters.The decline was led by the Qatari index, which...
TOKYO, Sept 13 (Reuters): Confidence at big Japanese manufacturers fell the most in eight months, while morale in the services sector also slumped on worries a slowdown in China's economy could be a bigger drag on growth globally and at...
NEW YORK, Sept 13 (Reuters): After big gains for the US stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists said on Tuesday.The S&P 500 is up 16 per...
LONDON, Sept 13 (AFP): Stock markets mostly fell Wednesday before crunch US inflation data, with investors concerned that a spike in oil will drive consumer prices higher and force the Federal Reserve to lift interest rates again.All eyes were on...
MUMBAI, Sept 13 (Reuters): The Indian central bank's move to remove the cap on how much a bank can invest in bonds they intend to hold to maturity will boost lenders' appetite for government securities and benefit their bottom lines,...
BEIJING, Sept 13 (Reuters): Apple's iPhone 15 drew mixed reactions in its third largest market of China on Wednesday, with many online users liking its faster chip and improved gaming capabilities while others preferred Huawei's new smartphone.China remains key for...
Sonali Bank PLC organised an online training workshop on the use of audit management & monitoring system software for conducting of commercial audit (crash programme) at the bank's head office conference room on Wednesday. The bank's Managing Director and CEO...
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