FE Report | 2024-01-03 00:00:00
Expatriate Bangladeshis should be given a 5.0 per cent incentive on sending remittances to encourage them to send their hard-earned money home through the official channel, speakers recommended at an event. The speakers also recommended that the recruiting agencies that...
CHUADANGA, Jan 02 (UNB): Jatiya Party (JP) candidate for Chuadanga-1 constituency, Advocate Sohrab Hossain, has withdrawn his candidacy from the 12th parliamentary election race, alleging lack of cooperation from his party and coordination.Meanwhile, Jatiya Party (JP) candidate for Dinajpur-2 constituency...
FE REPORT | 2024-01-03 00:00:00
Awami League nominee Shammi Ahmed from Barishal-04 constituency and independent candidate Serniabat Sadiq Abdullah from Barishal-05 constituency are unable to contest the January 07 general election.The Appellate Division of the Supreme Court on Tuesday dismissed a leave-to-appeal petition filed by...
JU CORRESPONDENT | 2024-01-03 00:00:00
Leaders of Jatiyatabadi Shikkhak Forum, an organisation of pro-BNP teachers, distributed leaflets in and around the Jahangirnagar University (JU) campus on Tuesday in support of the party's boycott of the 'dummy' national election and the non-cooperation movement.A JU Senate member...
Ganatantra Mancha, a platform of some opposition organisations, on Tuesday said that the Labour Court's verdict against Nobel Laureate Professor Muhammad Yunus is an outcome of the Awami League government's political vendetta, reports UNB.Speaking at a rally in the capital's...
Awami League General Secretary Obaidul Quader on Tuesday said there is no scope of escape after committing crime despite having a social status of a parson, reports BSS."Noble laureate economist Dr Muhammad Yunus is not above the law and that's...
Tesla on Tuesday reported fourth-quarter deliveries ahead of analysts' estimates after a push to deliver more Model 3 electric cars before some variants of the compact sedan lose federal tax credits in the New Year under the Inflation Reduction Act...
TORONTO, Jan 2 (Reuters): In a tough year for Canadian banks, shares in mid-sized lender EQB Inc jumped more than 50 per cent on solid earnings growth, making it the best-performing banking stock in 2023, with investors expecting more gains...
Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC, inaugurated the new premises of Mitford Road Branch (MM Tower, Biren Bose Street, Mitford Road) in Dhaka on Monday. Deputy Managing Directors Maksudul Hasan, Md Abul Hashem, Md Ashraf-uz-Zaman...
Shari'ah-based Standard Bank PLC organised a doa mahfil on the occasion of its stepping into the 4th year of full-fledged Islami banking. Kazi Akram Uddin Ahmad, Chairman of the bank, was the chief guest at the event held at the...
Bengal Commercial Bank PLC (BGCB) held its 26th meeting of the Board of Directors at the bank's Head Office in Dhaka recently. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Mahbubul Alam, Vice Chairman of the bank,...
US financial technology companies that popularised amateur stock trading are pushing into fixed income in a bid to capitalise upon growing retail investor interest sparked by soaring yields in 2023, reports Reuters.Online brokerage Public, wealth management platform Wealthfront and fintech...
FE REPORT | 2024-01-03 00:00:00
The E-Commerce Association of Bangladesh (E-CAB) has urged the government to facilitate the smooth supply of essential commodities in case of any emergency that may arise during the national parliament election.They sought all types of logistic support before and after...
The Summit Alliance Port Limited (SAPL) has approved a 12 per cent cash dividend for the year ended on 30 June 2023 at its 19th Annual General Meeting (AGM) held recently, says a statement. In this financial year, SAPL has...
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for reforms in the tax regime to materialise the country's development goal -- 'Smart Bangladesh', reports BSS.The country's apex trade body has also sought business-friendly tax system and...
BENGALURU, Jan 2 (Reuters): India's benchmark indexes fell on Tuesday, dragged by financials, auto and information technology stocks, as selling pressure emerged at near record high levels.The blue-chip NSE Nifty 50 fell 0.35 per cent to 21,665.80 points, while the...
Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for further economic stimulus from central banks, reports Reuters.Facebook parent Meta Platforms experienced a...
Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order...
LONDON, Jan 2 (Reuters): US property catastrophe reinsurance rates rose by as much as 50 per cent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from...
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France, a subsidiary of My Money Group, the British lender said on Monday, reports Reuters."All necessary regulatory approvals were...
Pragati Life Insurance Limited and SSL Wireless have entered into a strategic partnership agreement to drive Insurtech innovation and expand access to micro insurance in Bangladesh. Md Jalalul Azim, Managing Director and CEO of Pragati Life Insurance, and Md Iftekhar...
Pubali Bank Retired Officers Welfare Association congratulated the bank's Managing Director and CEO Mohammad Ali and his team for achieving a record operating profit of Tk 1,756 crore in 2023. Advisors of Pubali Bank Retired Officers Welfare Association and former...
Romo Rouf Chowdhury, chairman of Bank Asia Limited, flanked by Farhana Karim, Zakia Rouf Chowdhury, vice chairman, Rumee A Hossain, chairman of the board executive committee, M A Baqui Khalily, chairman of the board risk management committee, and Shafiuzzaman, president...
Eastern Bank Limited (EBL) and MetLife signed a bancassurance agreement in Dhaka on Tuesday. Ali Reza Iftekhar, managing director and CEO, EBL, and Muhammad Ala Uddin Ahmad, chief executive officer, MetLife, signed the agreement.
Bangladesh Export Processing Zones Authority (BEPZA) has started paying salary arrears and other benefits to the workers of Scandex Knitwear Ltd. (Unit 2), a closed factory at Adamjee EPZ, reports BSS.Some 100 factory workers were given their dues at a...
BABUL BARMAN | 2024-01-03 00:00:00
The newly-listed securities saw a remarkable price surge in 2023, as opportunist investors chased after these stocks in anticipation of quick gains.In 2023, two firms and a mutual fund got listed in the main market of the Dhaka Stock Exchange...
MOHAMMAD MUFAZZAL | 2024-01-03 00:00:00
Many companies were already at an elevated level on the Dhaka Stock Exchange when the regulator imposed the price movement restriction on all stocks in July 2022, staving off any correction of those securities. For example, Monno Fabrics shot up...
MOSCOW, Jan 2 (Reuters): Russian exports of liquefied natural gas (LNG) to Europe fell 1.9 per cent to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11 per cent to 14.9 million tons, LSEG data showed...
NEW DELHI, Jan 2 (Reuters): India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data...
Gold prices gained on Tuesday, boosted by expectations of an easing of monetary policy by the US Federal Reserve in 2024 as investors look forward to a slew of economic data this week that could shed more light on the...
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