Green chilli prices rise again amid import, monitoring

The price of green chilli increased again on Tuesday after a notable downtrend just a day before despite a rise in import as well as in market observation.The hot spice retailed at Tk 300-400 on Monday, marking a Tk 20-100...

Govt to buy 8 LNG cargoes in July

Bangladesh has decided to import eight liquefied natural gas (LNG) cargoes in July, mirroring the quantity imported in June, from global suppliers to meet the energy demand in industries and power plants, according to sources.State-run Petrobangla is set to import...

Briefing 2023-07-05

Dhaka bourse edges up on gains of speculative stocksStocks edged up on Tuesday after choppy trading as investors continued their chase after junk stocks on rumours in anticipation of quick gains. Low-performing stocks are still favourites among a section of...

BEZA unable to repay govt debt now, seeks five years time

The Bangladesh Economic Zones Authority (BEZA) has said it is unable to repay government debt with interest and has instead requested an additional five years to do so, according to officials. According to sources, BEZA currently owes Tk 1.31 billion...

Amended RPO eases rules for loan defaulter candidates

Parliament passed the Representation of the People Order (Amendment) Bill 2023 on Tuesday, allowing bank defaulters to contest elections by rescheduling their loans one day before the polling.Previously, a bank-defaulting candidate had to reschedule loan seven days before the polling.JP...

Aedes larvae at alarming level in Dhaka

The city-dwellers are at high risk of dengue infection as an alarming density of Aedes larvae has been found in Dhaka. People of 55 wards in the capital are at high risk of dengue infection, according to a government survey....

Foreign trade to pass thru hi-tech single window

Time and cost of trade are expected to shrink for paperless processing of exports and imports to pass through a hi-tech single window under a World Bank-aided project. Dubai-based Webb Fontaine Group will implement the project worth Tk 5.85 billion...

Five newly promoted General Managers of Investment Corporation of Bangladesh (ICB) paid

Five newly promoted General Managers of Investment Corporation of Bangladesh (ICB) paid tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his mausoleum at Tungipara in Gopalganj on Monday. They are ASM Haidaruzzaman, Md...

US factory activity slump deepens, construction spending surges

WASHINGTON, July 4 (Reuters): US manufacturing slumped further in June, reaching levels last seen when the economy was reeling from the initial wave of the COVID-19 pandemic, according to a survey on Monday that also showed price pressures at the...

BRAC Bank Reading Cafe held an engaging discussion on acclaimed novel 'Kobi' by renowned

BRAC BANK READING CAFE DISCUSSES 'KOBI'BRAC Bank Reading Cafe held an engaging discussion on acclaimed novel 'Kobi' by renowned author Humayun Ahmed at the bank's head office in Dhaka recently. The event brought together avid readers and literary enthusiasts who...

UBS goes on hiring spree for wealth managers catering to rich Americans

NEW YORK, July 4 (Reuters): UBS has gone on a US recruiting drive for wealth managers catering to rich Americans even as it considers culling 30 per cent of its combined global workforce after the takeover of Credit Suisse.UBS recruited...

Financials help Indian shares extend gains to new highs

BENGALURU, July 4 (Reuters): India's blue-chip Nifty 50 index advanced for a sixth session in a row on Tuesday, as gains from financials and sustained foreign inflows helped offset a bout of profit-taking.Both the Nifty and the S&P BSE Sensex...

Global stocks drift as investors balance peak rate hopes with oil price rise

LONDON/HONG KONG, July 4 (Reuters): Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession.MSCI's broadest index of world stocks,...

Major Gulf markets in black, Dubai at 8-year high

Major stock markets in the Gulf rose in early trade on Tuesday tracking oil prices higher, with the Dubai index trading at its highest since 2015, reports Reuters.Oil prices - a key catalyst for the Gulf's financial markets - rose...

Mustafa Husain new DMD of Shahjalal Islami Bank

Prominent Banker Mustafa Husain has joined Shahjalal Islami Bank Limited as the deputy managing director (DMD) recently, said a statement. Mustafa Husain has over 29 years of professional experience in the banking sector including 16 years as branch manager. He...

Dhaka bourse edges up on gains of speculative stocks

Stocks edged up on Tuesday after choppy trading as investors continued their chase after junk stocks on rumours in anticipation of quick gains.Low-performing stocks are still favorites among a section of investors even though these securities are believed to be...

The 40th annual general meeting of City Bank was held virtually on Tuesday. Aziz Al Kaiser, chairman

The 40th annual general meeting of City Bank was held virtually on Tuesday. Aziz Al Kaiser, chairman of the bank, presided over the meeting. Managing Director & CEO Mashrur Arefin also attended the meeting. The AGM approved 10 per cent...

UNDP, BSEC join hands to mobilise fund for SDGs achievement

The United Nations Development Programme (UNDP) and the Bangladesh Securities and Exchange Commission (BSEC) have signed a Memorandum of Understanding (MoU) today to strengthen cooperation in the development of the ecosystem for the issuance of thematic bonds to achieve the...

2024 will be challenging for banks, says Dhaka Bank chief

Dhaka Bank Limited has taken necessary preparatory measures to proceed smoothly in the coming days, as next year (2024) will be very crucial for the country's banking industry, its chairman Abdul Hai Sarkar said.In an exclusive interview with The Financial...

Clients of 15 brokers suffer as DSE searches for remedy after DP licence suspension

Latif Securities and its clients have been unable to make any share transaction since May 25 as the securities regulator cancelled the broker's DP (depository participant) license for fund shortage in its consolidated customer account (CCA).Without a DP licence, a...

Emirates launches major recruitment drive

The Emirates Group has launched a mammoth drive to recruit the best minds and talents globally across 180 unique roles for cabin crew, pilots, engineers, IT professionals and customer service.The recruitment drive has been rolled out for its major subsidiaries,...

The state-owned Rupali Bank Limited has taken several initiatives to boost remittance income. As part of such an initiative, the lottery draw of the fifth and last week's campaign titled 'Rupali Bank

The state-owned Rupali Bank Limited has taken several initiatives to boost remittance income. As part of such an initiative, the lottery draw of the fifth and last week's campaign titled 'Rupali Bank Remittance Service Programme (Eid Anondo)' was held at...

Bahrain signs deal to invest $1.3b in UK

Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state's private sector invest 1.0 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince's social media account said on Monday,...

HSBC arranges session with airline industry

The Hongkong and Shanghai Banking Corporation Limited (HSBC) recently arranged an event titled 'Navigating Digital Payment Landscape in the Airline Industry' for the airline industry in Bangladesh. The event highlighted the importance of digitalisation for growth and demonstrated HSBC's unwavering...

China to restrict exports of chipmaking materials as US mulls new curbs

BEIJING, July 04 (Reuters): China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United...

A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on Tuesday at the boardroom of Islami Bank Tower. Ahsanul Alam,

IBBL HOLDS BOARD MEETINGA meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on Tuesday at the boardroom of Islami Bank Tower. Ahsanul Alam, Chairman of the bank, presided over the meeting. Vice Chairman Dr. Tanveer...

Tesla, BYD's China deliveries hit record high

BEIJING/SHANGHAI, July 4 (Reuters): US automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.Tesla sold 93,680...

Ship carrying 65,020 MT coal dock at Matarbari deep sea port

CHATTOGRAM, July 04: A Cyprus flag-carrier ship MV LMZ Atlas loaded with 65,020 metric tonnes (MT) of coal berthed at the Matarbari jetty of the deep sea port on Tuesday. The 229-metre-long and 12.5-metre-draft ship came from Indonesia. This is...

Macron weakened by riots over teen killed by police

PARIS, July 04 (AP): Even in normal times Emmanuel Macron needed allies' help governing France.To get some things done he worked with the traditional right. The center-left helped the French president accomplish others. The challenge was bigger than any a...

Moscow airport flights disrupted by drone attack

MOSCOW, July 04 (BBC): Ukraine has launched a drone attack on Moscow, the Russian defence ministry says, forcing flights to be diverted from Vnukovo International Airport.Five drones were reportedly used in Tuesday's attack, which also targeted locations in the wider...