FE REPORT | 2023-07-31 00:00:00
The Awami League (AL) will continue its protest rallies in the capital city today (Monday) in response to the protest rally organised by the BNP.The ruling party also held peace rallies and day-long agitation programmes countrywide, including the capital city,...
FE REPORT | 2023-07-31 00:00:00
Bangladesh Nationalist Party (BNP) will hold rallies across the country today (Monday) in protest against Saturday's attacks on its leaders and activists by Awami League activists and police in the capital. BNP secretary general Mirza Fakhrul Islam Alamgir made the...
A view of a clash that ensued between police and BNP activists during the party's sit-in programme in the city's Matuail area on Saturday — FE Photo
NEW YORK, July 30 (Reuters): Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company's stock conversion plan.The one-month moving average of open puts versus call options on AMC...
NEW DELHI, July 30 (Reuters): India has allowed its firms to list on exchanges registered in a new financial hub in the western state of Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and...
NEW YORK, July 30 (Reuters): A resilient US economy and expectations of a nearing peak in the Federal Reserve's monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuations and the potential for inflation to...
Prime Bank Japan Desk has recently signed a 'Prime Payroll' agreement with Adventure Dhaka Ltd, a subsidiary of Adventure Inc., which is the largest online travel agency in Japan. Mamur Ahmed, Head of Consumer Sales of Prime Bank, and Shigeyuki...
NCC Bank organised a month-long '77th Foundation Training Course' for its newly recruited Management Trainee Officers (MTOs). Mohammad Mamdudur Rashid, Managing Director & CEO of the bank, inaugurated the training programme at the NCC Bank Training Institute on Sunday. A...
A training workshop on 'Prevention of Money Laundering & Combating the Financing of Terrorism' was held in Cox's Bazar with the participation of 150 officials of leading banks in the country. The training workshop was jointly organised by Bangladesh Financial...
Southeast Bank Limited organised the Dhaka Divisional 'Southeast Bank Agent Banking Half-Yearly Conference 2023' recently. Managing Director of the bank Nuruddin Md Sadeque Hossain inaugurated the conference as the chief guest. All the partners of agent outlets of the bank...
Mercantile Bank Limited organised a month-long training course for the second batch at Khulna for developing entrepreneurship and making new entrepreneurs under the Skills for Employment Investment Program (SEIP) of Bangladesh Bank. A total of 26 participants have been awarded...
Modhumoti Bank Limited held the 10th Annual General Meeting (AGM) at a city hotel on Saturday with the assistance of Zoom technology. Presided over by Chairman of the bank Humayun Kabir, the meeting approved audited financial statements and Directors' Report...
FE REPORT | 2023-07-31 00:00:00
Robi Axiata, the country's second-largest telecom operator, plans to launch a new subsidiary named "r ventures PLC" to provide digital services to its customers, according to a regulatory filing on Sunday. The 100 per cent owned subsidiary will focus on...
FE REPORT | 2023-07-31 00:00:00
The total size of the Capital Market Stabilization Fund (CMSF) stands at Tk 12.70 billion, consisting of undistributed bonus dividends amounting to Tk 7.10 billion and undistributed cash dividends worth Tk 5.60 billion.The CMSF added Tk 90 million to the...
FE REPORT | 2023-07-31 00:00:00
Linde Bangladesh's net profit plunged 40 per cent year-on-year to Tk 140 million in April-June quarter this year owing to costlier raw materials and higher operating expenses.Business has been tougher also because of the stronger dollar and a sharp decline...
WASHINGTON, July 30 (Reuters): Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue.The recall covers 2021...
Procter & Gamble on Friday beat analysts' estimates for quarterly sales and profit buoyed by the consumer goods giant's multiple price hikes even as it joined other multinational companies in flagging weak demand in China, reports Reuters.A slower-than-expected rebound in...
BAGHDAD, July 30 (Reuters): Fourteen Iraqi private banks hit with curbs by the United States over allegedly helping siphon US dollars to Iran said on Wednesday they were ready to challenge the measures and face audits and called on Iraqi...
The 23rd Annual General Meeting (AGM) of Marico Bangladesh Limited (Marico) was held virtually recently. Saugata Gupta, Chairman of the Board of Directors of Marico, presided over the meeting. Rajat Diwaker, the Managing Director of Marico Bangladesh, along with the...
The 37th Annual General Meeting (AGM) of Eastern Insurance Company Limited was held on a virtual platform recently. Chairman of the company ASM Waheeduzzaman presided over the meeting. The AGM approved 22 per cent cash dividend for the shareholders.
Bangladesh House Building Finance Corporation (BHBFC) held 'Managerial Conference-2023' at Bidyut Bhaban in the capital on Saturday. Secretary of the Financial Institutions Division Sheikh Mohammad Salim Ullah attended the opening ceremony of the conference as the chief guest while Managing...
ONE Bank Limited signed an agreement with DERA Resort & Spa (Manikganj and Cox's Bazar) recently. Md. Ohidul Islam (Ove), Head of Marketing & Sales of DERA Resort, and Md Kamruzzaman, Head of Retail Banking of ONE Bank, signed the...
Sonali Bank PLC held a 'Chattogram divisional business discussion meeting-2023' with branch managers at a hotel in Cox's Bazar on Saturday. Chairman of the bank Ziaul Hasan Siddiqui attended the meeting as the chief guest. Bank's CEO and Managing Director...
Shahjalal Islami Bank Ltd. opened its Anwer Khan Modern Medical College & Hospital Sub-branch in Dhaka (House No#17, Road No#08, Dhanmondi) on Sunday. Director of Shahjalal Islami Bank and Chairman of Bank Foundation Dr. Anwer Hossain Khan, MP inaugurated the...
Nagad, a leading mobile financial service (MFS) provider in Bangladesh, has turned into a unicorn startup only in four years of its launch - the fastest in Bangladesh to reach this impressive feat, reports BSS. In recognition of the achievement,...
MONIRA MUNNI | 2023-07-31 00:00:00
Western buyers are considering Vietnam and India equally important sourcing destinations, after China, in 2023, according to a latest report. Some 26 per cent of over 250 businesses, surveyed around the world by QIMA in H1 of 2023, named India...
The election to the Board of Directors of the Federation of Bangladesh Chambers of Commerce of Industry (FBCCI) for the 2023-2025 term will be held today (Monday) at the Bangabandhu International Conference Center (BICC), reports BSS.A total of 34 directors...
FE REPORT | 2023-07-31 00:00:00
The government has extended the timeframe to export aromatic rice by one year for 28 traders, sources said.The Ministry of Commerce (MoC) on Sunday extended the previous permission regarding the issue.With the extension, the traders will be able to export...
LONDON, July 30 (Reuters): Household products group Reckitt and Lucky Strike maker British American Tobacco said last week they will stick to their existing plans on how to deal with their Russia businesses despite growing pressures to leave the country.Several...
LONDON, July 30 (Reuters): Steel demand in the European Union is expected to slide 3 per cent this year amid persistently high energy prices and sluggish demand, the European Steel Association (Eurofer) said last week, downgrading its outlook.In May, the...
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