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...
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 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,...
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 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 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 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.
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...
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...
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...
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...
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...
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,...
COPENHAGEN, July 17 (Reuters): Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday.H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay,...
Islami Bank Training and Research Academy (IBTRA) organised a 15-day Foundation Training Course for probationary officers on Monday. Muhammad Qaisar Ali, Additional Managing Director of the bank, addressed the programme as the chief guest. Presided over by Md Nazrul Islam,...
The CRM (MSME) Division of the National Bank Limited organised a two-day training workshop on 'Credit Risk Management' at the bank's training institute recently. A total of 39 officials participated in the workshop. The workshop provided detailed training on various...
The 500th meeting of the Board of Directors of Bank Asia Limited was held at a city hotel recently, with its Chairman Romo Rouf Chowdhury in the chair. Chairman of the Board Executive Committee Rumee A Hossain, and Directors Zakia...
GANDHINAGAR, India, July 17 (AFP): G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.Indian Finance Minister Nirmala...
FE REPORT | 2023-07-18 00:00:00
The government has allowed for trial production of vannamei shrimp fry to meet the demand for quality post-larvae of the fish for cultivators.The Department of Fisheries (DoF) on Thursday gave the green light, attaching some conditions."Based on the acceptable result...
JASIM UDDIN HAROON | 2023-07-18 00:00:00
The overall handling of container by 18 privately-owned depots dropped significantly in the just-past fiscal year, ending on June 30, mainly due to notable slowdown in export-import activities.The export containers handled by inland container depots (ICDs) dropped more than 11.2...
BEIJING, July 17 (Reuters): China's June crude steel output rose 1.1 per cent from May and 0.4 per cent from a year earlier, the statistics bureau said on Monday, as mills were encouraged to ramp up production after steel prices...
MELBOURNE, July 17 (Reuters): Deep-sea mining could interfere with migration of tuna that is expected to be driven by climate change to areas of the Pacific Ocean currently slated for mining activity, a study showed.The Nature Sustainability journal study, which...
Gold prices held steady on Monday, buoyed by a softer dollar, as investors awaited for more cues on the US Federal Reserve's monetary policy tightening amid signs of cooling inflation, reports Reuters.Spot gold was little changed at $1,953.09 per ounce...
SINGAPORE, July 17 (Reuters): Chicago corn and soybean futures gained more ground on Monday, building on last week's rise as concerns over dry weather in the US Midwest drove prices higher.Wheat climbed nearly 1 per cent as slowing exports from...
LONDON, July 17 (Reuters): Oil dropped by more than 1 per cent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer, while a partial restart of halted Libyan output also...
Kerry holds 4-hour meetingwith Chinese counterpartBEIJING, July 17: US climate envoy John Kerry held four hours of talks with his Chinese counterpart Xie Zhenhua in Beijing on Monday, Chinese state media said. "Xie Zhenhua, China's special envoy for climate change...
PERTH, July 17 (BBC): Police have been baffled by a mysterious "unidentified" dome that washed up on a West Australian beach. The giant metal object was found by locals at Green Head beach, about 250km (155 miles) north of Perth.State...
DUBAI, July 17 (AFP): Japanese Prime Minister Fumio Kishida arrived in the UAE on Monday to discuss cooperation on clean hydrogen, ammonia and recycled carbon fuels ahead of this year's UN climate talks in Dubai.Kishida's visit to the United Arab...
WASHINGTONG, July 17 (AP): Traffic on a key military supply bridge connecting Crimea to Russia's mainland came to a standstill Monday after one of its sections was blown up, killing two people and wounding their daughter. Russian officials blamed the...
BEIJING, July 17 (Reuters): A remote township in China's arid northwest endured temperatures of more than 52 Celsius (126 Fahrenheit) on Sunday, state media reported, setting a record for a country that was battling minus 50C weather just six months...
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