LONDON, Jan 01 (Reuters): Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed.PIF's whopping $31.5 billion spend in 2023...
COLOMBO, Jan 01 (AFP): Sri Lanka slapped a new 18 per cent value added tax (VAT) on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt restructuring.An earlier VAT of 15 per...
BEIJING, Jan 1 (Reuters): China's manufacturing activity shrank for a third straight month in December and weakened more than expected, clouding the outlook for the country's economic recovery and raising the case for fresh stimulus measures in the new year.The...
BENGALURU, Jan 1 (Reuters): Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday.While entry-level vehicles remain a millstone around automobile makers' necks, they have benefited...
Sheikh Akhter Uddin Ahmed has been promoted to Deputy Managing Director (DMD) at National Bank Limited (NBL) with effect from December 27, says a statement. Previously, he was the Senior Executive Vice President and Head of the Human Resource Division....
A Memorandum of Understanding (MoU) between the Information Systems Audit and Control Association (ISACA), Dhaka Chapter, and the Institute of Chartered Accountants of Bangladesh (ICAB) was signed on Sunday. ICAB President Md Moniruzzaman and President of ISACA, Dhaka Chapter, Dr....
The 866th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at its Corporate Head Office recently, with Akkas Uddin Mollah, Chairman of Executive Committee (EC) of the bank, in the chair. Members of the committee...
Standard Chartered Bangladesh has joined hands with Khulna Mukti Seba Sangstha (KMSS) to encourage returnee migrants and community members to participate in floriculture clusters, which are groupings of farmers and agriculturalists, says a statement. This initiative is being implemented in...
Despite the anticipated challenges in 2024, there are indications that international market demand for RMG products would rise, a director at BGMEA said on Monday, reports UNB. "If we can uphold internal supply chains and increase investments in new products...
MONIRA MUNNI | 2024-01-02 00:00:00
The government has formulated the Plastic Industry Development Policy 2023, with a vision to create 0.5 million jobs and a market of US$10 billion by 2028.The policy also aims to achieve a steady 15 per cent annual growth and raise...
NCC Bank distributed blankets among the poor in Dinajpur as a part of the bank's corporate social responsibility. Deputy Managing Director of NCC Bank Md Zakir Anam distributed blankets recently.
First Security Islami Bank arranged a doa-mahfil and an event at the bank's head office welcoming the new year 2024. Syed Waseque Md Ali, managing director of the bank, attended the event. Abdul Aziz and Muhammad Mustafa Khair, additional managing...
FE REPORT | 2024-01-02 00:00:00
Axentec PLC, the newly formed subsidiary of Robi Axiata Limited, officially commenced its operation on the very first day of the English New Year 2024.It aims to provide high-tech digital solutions like cloud services, data centre, artificial intelligence (AI), data...
FE REPORT | 2024-01-02 00:00:00
Junk stocks, including those which were on the chart of top gainers in 2023, dominated the chart of top losers of the first session of the New Year 2024.The companies on the chart of Monday's top 10 losers included Imam...
Md Shaifur Rahman Mazumdar joined the Chittagong Stock Exchange (CSE) as the managing director on Monday, according to a statement. Before joining the CSE, he was the chief operating officer (COO) of the Dhaka Stock Exchange (DSE). He also served...
BABUL BARMAN | 2024-01-02 00:00:00
A 3.87 percentage point rise in foreign investors' stake in Olympic Industries in 2023 fuels curiosity because the biscuit maker drew investment at a time when local currency devaluation and floor price halved overall turnover in foreign portfolios. The liquidity...
China's first domestically built cruise ship begins maiden voyageSHANGHAI, Jan 01: China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks...
SEOUL, Jan 01 (AFP): North Korean leader Kim Jong Un told his top military officers to use maximum force against South Korea and the United States if they initiate a military confrontation, state media reported Monday.Seoul and Washington have ramped...
NEW YORK, Jan 01 (AFP): Fireworks illuminated skies over Paris, Rio and Sydney to celebrate the entry to 2024, while in Israel, Gaza and Ukraine, rockets and strikes marked the year's earliest hours.Much of the world's population-now more than eight...
NEW DELHI, Jan 01 (BBC): India's space agency has successfully launched a rocket that is carrying an observatory which will study astronomical objects like black holes. It was launched from Sriharikota spaceport at 09:10 local time (03:40GMT) on Monday.This is...
GAZA, Jan 01 (Reuters/AP): Israeli jets intensified attacks on central Gaza on Sunday, residents and medics said, as battles raged through the rubble of towns and refugee camps in a war Israeli Prime Minister Benjamin Netanyahu said would take "many...
BEIJING, Jan 01 (AFP/Reuters): China's President Xi Jinping said Monday he was willing to work with the United States to promote stable bilateral ties, exchanging congratulations with his US counterpart on the anniversary of diplomatic relations, state media said.Xi and...
TOKYO, Jan 01 (Reuters/BBC): A powerful earthquake and tsunami struck central Japan and its western coast on Monday, triggering warnings for residents to evacuate, knocking out power to thousands of homes and disrupting flights and rail services to the affected...
HARARE, Jan 01 (AFP): Uncapped Tapiwa Mufudza has been included in the Zimbabwe one-day international squad for three matches in Sri Lanka during January.The 33-year-old was called up by caretaker coach Walter Chawaguta after Dave Houghton quit last month, saying...
Lionel Messi's legendary No 10 Argentina jersey will be retired 'for life' when he hangs up his boots, the country's FA President has revealed.Messi, considered by many as the greatest soccer player in history, put the cherry on top of...
Coach of Women's Football Team AKM Saiful Bari Titu and captain Sabina Khatun receiving a cheque from Chairman of Infrastructure Development Company Limited (IDCOL) Sharifa Khan, former Senior Secretary, Economic Relations Division, at a grand reception event at a city...
Chief of Army Staff General SM Shafiuddin Ahmed posing with the winners of the 2nd Prime Bank New Year Cup Golf Tournament 2023 at a prize giving ceremony at Army Golf Club in Dhaka Cantonment on Sunday — ISPR
SYDNEY, Jan 01 (AFP): Dynamic Australian opener David Warner called time Monday on one-day international cricket ahead of his farewell Test against Pakistan this week, but kept the door open to play the 2025 Champions Trophy if needed.The 37-year-old will...
Bangladesh are all set to have their busiest year in Test cricket in 2024 as they will play as many as 14 matches in the coming 12 months, report agencies.The International Cricket Council (ICC) has announced the FTP (Future Tour...
Bangladesh Cricket Board (BCB) announced on Monday a 15-member final squad for the ICC Under-19 Cricket World Cup' 2024 to be held in South Africa.Left-arm spinner Mahfuzur Rahman Rabby will lead the Bangladesh team in the Global Youth Cricket meet,...
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