BEIJING, Jul 24 (AP): China's government appealed to Japan on Monday not to disrupt the semiconductor industry after curbs on exports of Japanese chip-making technology took effect, adding to technology restrictions Washington and its allies have imposed on China on...
Juned Ahmed was elected the chairman of Premier Leasing Securities Limited at the 71st meeting of the company's Board of Directors held recently, says a press release.Juned Ahmed, son of late Abdur Razzaque and Razia Begum, was born in 1977....
KBM Moin Uddin Chisty has been elected the chairman of Islamic Finance and Investment Limited (IFIL) at the 331st meeting of the Board of Directors of the company held on Sunday, says a press release.Mr Chisty was born in a...
BRAC Bank has entered into a partnership agreement with Bangladesh Agricultural University (BAU) to address the challenges posed by climate change in the coastal belt of southern Bangladesh. The collaboration aims to empower farmers in the region by promoting the...
Mercantile Bank Training Institute organised a two-week Foundation Training for its Trainee Assistant Officers (TAO) that began recently. A total of 38 officers participated in the training. Mati Ul Hasan, Additional Managing Director & CRO of the bank, inaugurated the...
Prime Bank has recently signed an agreement with Portonics Limited at the bank's head office in Dhaka. Portonics is one of the largest online payment aggregators in Bangladesh. Under the deal, Prime Bank internet banking user will be able to...
BGMEA president Faruque Hassan has called on Australian investors to explore business potentials and investment opportunities available in Bangladesh, reports UNB.With a young population, growing infrastructure, and favorable business policy and climate, Bangladesh is an attractive and ideal place for...
UCB Investment Limited, a leading investment bank in Bangladesh, has received three awards for being the 'Best Investment Bank' in the country.These accolades, presented by prominent international entities namely Finance Asia, Asiamoney and Euromoney 2023 Award, serve as a testament...
FE REPORT | 2023-07-25 00:00:00
Islamic Finance & Investment, a publicly traded non-bank financial institution, reported a loss of Tk 5.61 million in the April-June quarter this year, attributed to an increase in provisions and profit suspense against non-performing loans. According to the company's disclosure...
FE REPORT | 2023-07-25 00:00:00
The Dhaka Stock Exchange (DSE) posted a three-week low turnover on Monday as many investors opted for a cautious approach when considering fresh positions in stocks.Compared to the previous day, the turnover declined by 15 per cent to Tk 6.33...
FE REPORT | 2023-07-25 00:00:00
Despite earning higher gross revenue, British American Tobacco (BAT) Bangladesh experienced a marginal decline in net profit in the April-June quarter of this year due to higher production costs and increased operating expenses.The cigarette manufacturer's gross revenue rose 15 per...
US tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also aid profits, reports Reuters.Microsoft, Google-owner...
The National Bank Limited organised a half-yearly business review meeting with the Branch managers of bank's Rajshahi region at a hotel in Rajshahi city on Saturday. Md Mehmood Husain, Managing Director & CEO of the bank, provided guidance to the...
NEW DELHI, July 24 (Reuters): India's economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment...
Bengal Commercial Bank organised its Half-Yearly Business Review Meeting at the bank's head office in Gulshan, Dhaka, recently. Tarik Morshed, Managing Director and CEO of the bank, presided over the meeting. At the end of the meeting, the bank awarded...
ICC Bangladesh organised a daylong workshop on 'Managing Trade Payment and Trade Finance Risk: Operations, Compliance & Legal Analysis' held in Dhaka on Saturday. Participants of the workshop were seen with ICCB Banking Commission Chairman Muhammad A (Rumee) Ali (2nd...
Japan's Minister for Economy, Trade and Industry Nishimura Yasutoshi said his country would extend full cooperation to Bangladesh in its endeavor to become a high income country by 2041.The Japanese minister said this as he discussed areas of cooperation with...
Gold prices edged up on Monday after data showed a deeper downturn in euro zone business activity, but moves were limited as investors look ahead to a widely anticipated interest rate hike from the US Federal Reserve this week.Spot gold...
HOUSTON, July 24 (Reuters): Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two US oil company remains open to more acquisitions and to increasing shareholder distributions...
HAMBURG, Germany, July 24 (Reuters): Chicago wheat and corn rose on Monday on fears about intensifying fighting in Ukraine involving Russian attacks on Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses.Traders were concerned the...
JAKARTA, July 24 (Reuters): Indonesia has increased its social welfare budget by 8 trillion rupiah to distribute more rice to lower-income households and help control food prices, the finance minister said on Monday.The decision came after the country's weather agency...
LONDON, July 24 (Reuters): Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a barrel, even as traders expected more rate hikes from US and European central banks.Brent crude futures...
KURIGRAM, July 24 (UNB): Nine students of Chakirpasha Islamia Dakhil Madrasa were injured by lightning strike in Rajarhat upazila of Kurigram district on Monday.The injured are Abdur Razzaque, Nazmin Nahar, Sumaiya, Roksana, Afroza, Nirma, Ali Raz, Farzana and Sanzida.Quoting Manik...
Russia to host an Africa summitNAIROBI, July 24: As Russia seeks more allies during its invasion of Ukraine, longtime U.S. security partner Kenya might not be an obvious choice. But hours after Russia terminated a deal to keep grain flowing...
LOS ANGELES, July 24 (Xinhua): Nine mass shootings occurred across the United States over the weekend, bringing the total to more than 400 this year, according to a national website that tracks firearm deaths and injuries.The nine mass shootings led...
MADRID, July 24 (AFP): Despite polls predicting victory for Spain's right-wing Popular Party, Sunday's election resulted in a hung parliament, offering a lifeline to Prime Minister Pedro Sanchez who could cling on to power through a jigsaw of alliances.The closely-watched...
PHNOM PENH, July 24 (AP): Cambodia's longtime ruling party on Monday lauded its landslide victory in weekend elections as a clear mandate for the next five years, but the United States said its stifling of the opposition meant the vote...
ISLAMABAD, 24 (Reuters): One of the main parties in Pakistan's ruling coalition has proposed that Finance Minister Ishaq Dar lead the incoming caretaker government, party sources said, a move aimed at helping with continuity of economic reforms under an IMF...
Saudi Arabian side Al-Hilal have permission to speak to Kylian Mbappe after making a world record £259 million (300-million-euro) bid for the Paris St-Germain (PSG) forward, according to BBC sport.The 24-year-old France captain, who has a year left on his...
COLOMBO, July 24 (AFP): Abdullah Shafique and Shan Masood smashed half-centuries to help Pakistan take the opening day honours after they bundled out Sri Lanka for 166 in the second Test on Monday.Pakistan, who lead the two-match series 1-0, reached...
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