RIYADH, Aug 24 (Arab News): Oman's inflation rate dropped to a 28-month low of 0.41 per cent in July, propelled by declining transportation costs and the stable prices of essential goods such as food items, utilities, fuel, and housing rent,...
RIYADH, Aug 24 (Arab News): Saudi Arabia's non-oil trade prospects are getting better with the Saudi Export Import Bank signing an export credit insurance policy with Evonik Industries Marketing Co. The agreement aims to protect the risk of non-payment associated...
DETROIT, Aug 24 (Reuters): Hybrid gasoline-electric vehicles may not be dying as fast as some predicted in the auto sector's rush to develop all-electric models.Ford Motor is the latest of several top automakers, including Toyota and Stellantis, planning to build...
Foundation Training course of Bank AsiaBank Asia Limited has awarded certificates to its officers who participated in the second phase of 60th Foundation Training Course recently. A total of 31 officers from different levels of the bank participated in the...
Southeast Bank distributes food items As a part of its month-long programmes on the occasion of the National Mourning Day, Southeast Bank distributed food items among the distressed people in Feni. Mohammad Kamal Uddin, Head of Branch, Feni, Southeast Bank,...
A coordinated call centre has been launched in the power sector, featuring a hotline number, 16999, through which consumers of any distribution company can lodge a complaint and receive solution.State Minister for Power, Energy and Mineral Resources Nasrul Hamid formally...
Research, innovation and policy consistency are key to fostering the growth of the light engineering sector, currently accounting for 3 per cent of the country's GDP, speaker at a seminar said on Thursday.They said the light engineering sector is now...
REZAUL KARIM | 2023-08-25 00:00:00
The government has formed a high-powered panel to identify the bottlenecks of the RMG accessories and packaging sector and suggest remedial measures to help increase the export earnings from the sector, sources said.The Ministry of Commerce (MoC) has assigned the...
ISTANBUL, Aug 24 (AFP): Turkey's central bank on Thursday delivered a huge surprise by raising the interest rate to 25 per cent as part of a transition from President Recep Tayyip Erdogan's era of unorthodox economics.The hike of 7.5 per...
Dr Md Salim Uddin, chairman of Bangladesh House Building Finance Corporation (BHBFC), has joined an international conference titled 'Sustainability Standards' as a panel discussant in Maldives recently, says a press release. The South Asian Federation of Accountants (SAFA) organised the...
JOHANNESBURG, Aug 24 (Reuters): Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da...
A three-day 9th International Fire Safety and Security Expo-2023 will be held from November 21-23 at the Bangabandhu International Conference Centre (BICC) in the city, reports BSS.Ahead of this international event, the Electronics Safety and Security Association of Bangladesh (ESSAB)...
Algeria has underlined the need to engage in more efforts to scale up bilateral collaboration with Bangladesh, reports UNB. Bangladesh stressed the need for expanding cooperation in new and emerging areas through a time-bound and target-oriented roadmap and expediting pending...
NEW YORK, Aug 24 (Reuters): The US securities regulator on Wednesday adopted new rules that will shine a light on private equity and hedge fund expenses and fees, in what executives and lawyers said marks a sweeping overhaul for an...
NEW YORK, Aug 24 (Reuters): Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to pay $499 million to settle an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.The settlement...
Major stock markets in the Gulf rose in early trade on Thursday, with the Saudi index on course to snap three sessions of losses, ahead of a gathering of global central bankers in Jackson Hole, reports Reuters.A round of soft...
SYDNEY/SINGAPORE, Aug 24 (Reuters): Vietnam internet company VNG Corp aims to raise $150 million in a US stock market listing, two sources said, becoming the latest Southeast Asian startup to tap Wall Street as interest in the offerings rise after...
LONDON, Aug 24 (AFP): Stocks advanced Thursday as investors took comfort from data that could be a harbinger of a respite in interest rate hikes ahead of a gathering of top central bankers.Investors were also basking in the glow of...
Pubali Bank Limited and Software Shop Limited (SSL) have signed an agreement recently. Md. Rabiul Alam, DGM & head of Alternative Delivery Channel (ADC) Division of Pubali Bank, and Ahmed Kamal Khan Chowdhury, group advisor of SSL, signed the agreement...
Mercantile Bank Limited gifted a police van to Senbagh Police Station for patrolling in the area of its jurisdiction as part of corporate social responsibility. Morshed Alam, MP, chairman of Mercantile Bank, handed over the van to Md. Shahidul Islam...
Mohammad mufazzal | 2023-08-25 00:00:00
Walton Hi-Tech Industries offered only 0.97 per cent shares to the public in the process of listing in September 2020. Later on, the Bangladesh Securities and Exchange Commission (BSEC) amended the public issue rules, making it mandatory to offload 10...
The chief executive officer of ICB Asset Management Company Limited, Mrs. Mahmuda Akhter handed a cheque of profit gained by Bangladesh Fund in FY23 to the company's Managing Director Abul Hossain on Thursday. The Fund managed by the asset management...
Mohammad mufazzal | 2023-08-25 00:00:00
Ten brokerage firms formed a consortium to install their own order management system (OMS) in January to expedite transactions. They will receive technical support from a Dubai-based IT firm namely SK Advisory FZ LLC. The consortium, Xpert Fintech Ltd signed...
JAKARTA, Aug 24 (Reuters): Indonesia's financial regulator has issued a set of rules on the setting up of a carbon exchange, aiming to launch onshore carbon trading by the end of this year.The exchange is part of efforts by Indonesia,...
Gold inched lower on Thursday after data pointing to a tight US labour market pushed the dollar and yields higher, but held a tight range as traders positioned for interest rate guidance from central bankers at Jackson Hole, reports Reuters....
LONDON, Aug 24 (Reuters): Oil prices slipped on Thursday on disappointing economic data from key economies, with investors awaiting a speech by US Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves.Brent crude fell 99 cents,...
Akhtar Husain Khan | 2023-08-25 00:00:00
It is not often that a handsome, charming and budding cricketer journeying towards his prime throws the bat away and takes up a sten gun. In 1971, the Pakistan Army inexplicably attacked the majority people it claimed its own forcing...
Shihab Sarkar | 2023-08-25 00:00:00
The younger writers of Dhaka nowadays greatly miss the day-long literary sessions at 'Beauty Boarding' in the older part of the city. Few can draw even the faintest view of those 'addas'. The informal literary sessions were inseparable from Dhaka's...
KUALA LUMPUR, Aug 24 (AFP): Saudi Pro League superstar Neymar will get his first taste of Asian Champions League football after last season's runners-up Al-Hilal were drawn against Iran's Nassaji Mazandaran FC, Mumbai City FC of India and Uzbekistan's Navbahor...
Bangladesh national women's hockey team will start their Women's Asian Hockey five-a-side World Cup Qualifier campaign in Salalah, Oman from today (Friday) with an aim to make a winning start, reports BSS.On the first day of the meet, Bangladesh women...
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