President Mohammed Shahabuddin has called upon the Election Commission (EC), the political parties and candidates to ensure that the upcoming general election becomes fair and participatory, reports UNB.Shahabuddin said this when an EC delegation led by CEC Kazi Habibul Awal...
KUALA LUMPUR, June 19 (Reuters): Malaysia will implement reforms this year to make it easier for companies to list on the national stock exchange in a bid to attract more investors, Prime Minister Anwar Ibrahim said on Monday.The securities regulator...
Most stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower, as concerns over China's faltering economic growth outweighed support from OPEC+ production cuts, reports Reuters.Crude prices - a key catalyst for the Gulf's financial...
SINGAPORE, June 19 (Reuters): Goldman Sachs analysts have cut forecasts for China's economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.The US investment bank lowered its full-year real gross domestic product growth forecast...
BENGALURU, June 19 (Reuters): India's blue-chip Nifty 50 and Sensex indexes declined on Monday due to profit-taking as they approached their all-time highs, although the broader indexes extended their rally to record levels.The Nifty index closed 0.37 per cent lower...
RABAT, June 19 (Reuters): The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday."CBDCs should not be fragmented national propositions... To...
PARIS, June 19 (AFP): World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries.French President Emmanuel Macron has said the...
SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group, reports Reuters.The bidder group...
The 77th meeting of shariah supervisory committee of Shahjalal Islami Bank Limited was held on Sunday at its corporate head office. Chairman of shariah supervisory committee of the bank Hazrat Maulana Mufti Shahed Rahmani presided over the meeting while Managing...
Rupali Bank held a meeting with stakeholders to inform them about complaint management at its Cumilla divisional office on Saturday. Managing Director and CEO Mohammad Jahangir was present as the chief guest. Vigilance and Intelligence Department of the head office...
The 10th Annual General Meeting (AGM) of NRBC Bank was on an online platform on Monday, with Chairman of the bank SM Parvez Tamal in the chair. Vice Chairman Rafiqul Islam Mia Arzoo, Directors Mohammed Adnan Imam, AM Saidur Rahman,...
A bilateral meeting between the Bangladesh House Building Finance Corporation (BHBFC) and France-based development partner The Agence Francaise de Developpement (AFD) was held at the BHBFC Bhaban in Dhaka on Sunday. BHBFC Chairman Dr Md Salim Uddin was present as...
Millennium Information Solution Limited (MISL), a leading provider of cutting-edge technology solutions, has announced that the company's Islamic Core Banking Solution 'AbabilNG' has achieved the VMware Ready Tanzu certification. This announcement was made by MISL at an event titled 'Scalable,...
Arla Foods Bangladesh, the local subsidiary of European dairy cooperative Arla Foods, won the National Productivity and Quality Excellence Award 2021 conferred by the Ministry of Industries. The dairy cooperative has been awarded under the 'Food' segment of the 'Medium...
Eastern Bank Limited (EBL) hosted a syndication meeting at a city hotel to secure a Tk 3,326 million term loan facility for Bangladesh Lithium Battery Limited. EBL is the mandated lead arranger of the loan. Prominent industry figures, including DESCO...
Southeast Bank Limited has recently launched seven agent banking outlets in Tangail, Jhenaidah, Jashore, Faridpur, and Brahmanbaria. These outlets aim to provide banking services to unbanked individuals in rural and semi-urban areas. The inauguration of these outlets was conducted virtually...
Mutual Trust Bank Limited (MTB) celebrated 'Customer Service Week' from June 4 to June 8 in Dhaka and Mymensingh. The event was inaugurated at the MTB Dhanmondi branch by Syed Mahbubur Rahman, MD & CEO of the bank.
The 24th annual general meeting of EXIM Bank was held virtually from its Dhaka head office on Monday. It was presided over by Board of Directors Chairman Md Nazrul Islam Mazumder, while Managing Director and CEO Mohammad Feroz Hossain also...
UCEP Bangladesh, in collaboration with Standard Chartered Bank, has launched "Giving Wings to Dreams for Youth Empowerment Programme" under Futuremakers by Standard Chartered, the Bank's flagship global community initiative. The project will provide skills training, mid-level management, and entrepreneurship development...
FE REPORT | 2023-06-20 00:00:00
The stock market ended higher on Monday as investors chased sector-wise stocks, particularly of insurance companies, after the central bank removed the interest rate cap.The Bangladesh Bank lifted the interest rate ceiling and replaced it with a market-driven reference rate...
FE REPORT | 2023-06-20 00:00:00
Pran Agro will raise Tk 2.62 billion by issuing non-convertible bonds to renovate its office and factory, purchase machinery and disburse credits.The Bangladesh Securities and Exchange Commission (BSEC) on Monday approved the company's proposal for issuing Non-Convertible Pran Agro Bond-II...
MOHAMMAD MUFAZZAL | 2023-06-20 00:00:00
The contractionary monetary policy for the first half of FY24 brings cheers to the companies having huge net cash as they are expected to see higher interest income. The increased cost of borrowings aimed at containing the consumer price index...
LE BOURGET, France, June 19 (AFP): Indian low-cost carrier IndiGo said Monday it had ordered a record 500 A320 airliners from European manufacturer Airbus at the Paris Air Show.With a list price of $55 billion -- although the closely-held actual...
SHANGHAI/SINGAPORE, June 19 (Reuters): China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest...
Shimanto Bank Ltd signed an MoU with Brac Healthcare Ltd at the bank's head office in Dhaka recently. Under the MoU, all Debit & Credit Card holders of the bank will enjoy special facilities while they avail service from Brac...
The 10th Annual General Meeting (AGM) of South Bangla Agriculture and Commerce (SBAC) Bank Limited was held on an online platform on Sunday, with its Chairman Abdul Kadir Molla in the chair. Managing Director and CEO Habibur Rahman was also...
A Memorandum of Understanding (MoU) between Pubali Bank Limited and Bproperty has been signed at the bank's head office recently. Md Malequl Islam, DGM and Head of Consumers Credit Division of Pubali Bank, and Mark Nosworthy, CEO of Bproperty, signed...
Ahsanul Alam has been unanimously elected the chairman of Islami Bank Bangladesh Limited at the 324th meeting of the Board of Directors of the bank on Monday, says a press release.Prior to this, he was the chairman of the Board...
FE REPORT | 2023-06-20 00:00:00
The Bangladesh Cold Storage Association has called upon the government to swiftly address the issue of rolling blackouts across the country. In the absence of a consistent power input, perishable goods stored in cold storage facilities or freezers face the...
FE REPORT | 2023-06-20 00:00:00
The International Finance Corporation (IFC) has spearheaded an initiative to promote south-south cooperation, peer-learning and joint ventures in textile, apparel and footwear sectors through an Africa-Asia roadshow.With developing countries contributing the largest share in this rapidly growing segment, the roadshow...
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