FE Today Logo

Search results for:


JU employees go on strike

JU CORRESPONDENT | 2023-07-18 00:00:00

Contractual employees of Jahangirnagar University (JU) on Monday started a sit-in strike on the campus demanding a permanent employment. They said that they will continue this programme until they receive a written assurance of their permanent employment.The sit-in strike began...

Postgraduate doctors launch fresh protests for increased allowance

2023-07-18 00:00:00

Physicians enrolled in postgraduate programmes at Bangabandhu Sheikh Mujib Medical University (BSMMU) and Bangladesh College of Physicians and Surgeons (BCPS) have once again taken to the streets to demand a higher monthly allowance after rejecting a Tk 5,000 increase to...

Kalabati saree made from banana plant fibre gifted to PM

2023-07-18 00:00:00

Prime Minister (PM) Sheikh Hasina on Monday received Kalabati sarees and handicrafts made from banana plant fibre, reports UNB.Bandarban Deputy Commissioner Yasmin Parveen Tibriji handed over three such sarees and two jewellery boxes to the PM at the cabinet room...

'Air quality level raised to portray low pollution in BD'

FE REPORT | 2023-07-18 00:00:00

The government has doubled the permissible level of particulate matters in the air in order to portray low air pollution in Bangladesh, environmental experts alleged on Monday.The World Health Organisation (WHO) has reduced the standard level of air to 5.0...

Low voter turnout is normal in by-elections: Hasan

2023-07-18 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud has said it is very usual of low turnout of votes in a by-poll, reports BSS.The Dhaka-17 by-polls were held just five months ahead of the national election. "Voter turnout is always low...

Attack on Hero Alam a mockery of democracy: Fakhrul

2023-07-18 00:00:00

KHULNA, Jul 17 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir said on Monday the attack on Hero Alam, an independent candidate in the by-election to Dhaka-17 constituency, was a mockery of democracy, saying that it has demonstrated how Awami...

Presiding and polling officers sitting idle amid thin presence of voters

2023-07-18 00:00:00

Presiding and polling officers sitting idle amid thin presence of voters in the by-polls to Dhaka-17 constituency held on Monday. The picture was taken from T&T Adarsha Girls High School centre in the city's Mohakhali — FE photo

Crypto firms facing US SEC charges find hope in Ripple ruling, experts say

2023-07-18 00:00:00

A cryptocurrency developer's landmark legal victory against the US Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency's attempt to assert its jurisdiction over the industry, experts said, reports Reuters.Thursday's ruling that Ripple Labs...

US stock index futures inch down as investors wait for more earnings

2023-07-18 00:00:00

US stock index futures edged lower on Monday after last week's strong gains, as investors stayed on the sidelines ahead of quarterly results from industry heavyweights through the week, reports Reuters.Second-quarter earnings are gathering momentum, with Tesla due to report...

Reliance Industries, HDFC Bank lift Indian shares to fresh highs

2023-07-18 00:00:00

BENGALURU, July 17 (Reuters): Indian shares rose to fresh all-time highs, led by index heavyweight Reliance Industries ahead of the demerger of the financial services unit, while HDFC Bank powered financials after strong June quarter results.The Nifty 50 index closed...

Major Gulf bourse in red on falling oil prices

2023-07-18 00:00:00

Major stock markets in the Gulf were subdued in early trade on Monday tracking oil prices lower, with the Dubai index on course to snap five sessions of gains, reports Reuters.Oil prices - a key catalyst for the Gulf's financial...

Evergrande's overdue results to show steep losses, market eyes liquidity update

2023-07-18 00:00:00

HONG KONG, July 17 (Reuters): China Evergrande Group, the world's most indebted property developer, is expected to post on Monday significant losses in its long overdue results for 2021 and 2022 - numbers the market will scour for updates on...

Global shares, dollar sag after China data; traders bet on Fed sea change

2023-07-18 00:00:00

LONDON, July 17 (Reuters): Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to...

Philippine remittances grow by 2.9pc

2023-07-18 00:00:00

MANILA, July 17 (Xinhua): Personal remittances from overseas Filipinos reached 2.78 billion US dollars in May, up 2.9 per cent year-on-year, the Philippine central bank said on Monday.The Bangko Sentral ng Pilipinas (BSP) said the remittances in the first five...

Erdogan begins Gulf tour with trip to KSA

2023-07-18 00:00:00

RIYADH, July 17 (AFP): Turkish President Recep Tayyip Erdogan arrives on Monday in the Kingdom of Saudi Arabia (KSA) during a three-country Gulf tour as he looks to attract foreign investment in his country's ailing economy.Erdogan is scheduled to land...

UBS investors warm to Credit Suisse deal

2023-07-18 00:00:00

ZURICH, July 17 (Reuters): UBS's emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors it increasingly looks like a good deal for Switzerland's...

Residential rental deals in Saudi Arabia surge 137pc

2023-07-18 00:00:00

RIYADH, July 17 (Arab News): Residents in Saudi Arabia have been benefiting from the availability of more housing options as the number of residential rental deals surged 137 per cent in June compared to the same month in 2022. The...

BYD proposes $1b India plan to build EVs, batteries

2023-07-18 00:00:00

NEW DELHI, July 17 (Reuters): China's BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.BYD and...

UAE banks' total external assets jump 3.1pc

2023-07-18 00:00:00

RIYADH, July 17 (Arab News): UAE banks' external assets rose 3.1 per cent in 2022 amid a significant increase in cross-border exposure, according to the country's central bank.The institution's Financial Stability Report for last year showed that such holdings accounted...

BRAC BANK SIGNS AGREEMENT WITH WESTIN AND SHERATON

2023-07-18 00:00:00

BRAC Bank has recently signed an Employee Banking agreement with The Westin Dhaka and Sheraton Dhaka. Under this agreement, the employees of the companies will enjoy a convenient and delightful banking experience, including salary account, multi-currency debit card, credit cards,...

Foodpanda introduces in-store grocery pickup

2023-07-18 00:00:00

Food and grocery delivery platform Foodpanda Bangladesh has introduced its in-person store pickup service through pandamart, its own grocery delivery dark store in the capital's Gulshan-2 recently, reports UNB.Following the model of food pickups from restaurants, this new service will...

EDOTCO to finance solar power for ActionAid’s child dev centres

2023-07-18 00:00:00

EDOTCO Bangladesh has signed a memorandum of understanding (MoU) with ActionAid International Bangladesh Society aiming to empower 50 'Shishu Bikash Kendra' (child development centres) by providing free solar energy, reports UNB.The collaborative initiative, named "Empowering Shishu Bikash Kendra" by ActionAid,...

ONE Bank celebrated 24th founding anniversary

2023-07-18 00:00:00

ONE Bank Limited celebrated its 24th founding anniversary. A.S.M. Shahidullah Khan, chairman of the bank's board of directors, cut a cake at the corporate headquarters to mark the occasion. Director Shawket Jaman, Independent Director and former Chief of Naval Staff...

"Southeast Bank Agent Banking Half Yearly Conference 2023"

2023-07-18 00:00:00

Southeast Bank Limited recently organised Chattogram Divisional "Southeast Bank Agent Banking Half Yearly Conference 2023". Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, inaugurated the conference as the chief guest.

Robi to borrow $55m from Axiata Group for future investments

FE REPORT | 2023-07-18 00:00:00

Robi Axiata is going to borrow $55 million from its owner Axiata Group Berhad for future investments.The board of directors has decided to receive the "shareholder loan facility" for three years, said the telecom operator in a regulatory filing on...

Prime Bank reports 51pc profit growth for Q2 on higher yields of govt securities

FE REPORT | 2023-07-18 00:00:00

Prime Bank has registered a 51 per cent growth in profit year-on-year in the April-June quarter this year, thanks to an increase in net interest income and higher income from government securities.The private lender has reported a consolidated profit of...

SEC to finalise rules this month to speed up launch of commodity exchange

MOHAMMAD MUFAZZAL | 2023-07-18 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) is set to approve the draft rules of the country's maiden commodity exchange (CX) this month to fast track the launching of the exchange.The final approval will, however, come from the regulator on...

Dollar hovers around 15-month low

2023-07-18 00:00:00

LONDON/SYDNEY, July 17 (Reuters): The dollar edged lower on Monday against a basket of currencies after suffering its biggest weekly drop of the year as traders waited on economic data and policy decisions before selling it down any further.The euro...

Swiss luxury group Richemont boosted by Asia recovery

2023-07-18 00:00:00

ZURICH, July 17 (Reuters): Luxury group Richemont reported a 14 per cent increase in first-quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.But the owner of Cartier and Van Cleef & Arpels...

UK relaxes visa rules to attract foreign workers

2023-07-18 00:00:00

LONDON, July 17 (Reuters): Britain has added a number of construction roles to its "shortage occupation list", allowing the building industry to bring in staff from abroad more easily to help employers struggling to fill positions.Bricklayers, masons, roofers, roof tilers,...