Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the US Federal Reserve, reports Reuters.Foreigners purchased a net $10.1 billion worth of bonds in India,...
BEIJING/SHANGHAI, June 21 (Reuters): China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for electric vehicles (EVs) and other green cars, its biggest yet for the industry as it seeks to boost...
WASHINGTON, June 21 (BBC): Tesla CEO Elon Musk has said the electric carmaker will be in India "as soon as humanly possible".His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the...
The 330th meeting of the board of directors of Islamic Finance and Investment Limited (IFIL) was held at its head office in the city on Wednesday. Hossain Mahmud, chairman of the board of directors of IFIL, presided over the meeting....
Sonali Bank PLC has opened its 200th ATM booth. The bank's CEO and Managing Director Md Afzal Karim along with other high officials inaugurated the booth as the chief guest at the Wage Earners Corporate Branch in the capital on...
Shikho, an education technology start-ups, recently joined hands with MetLife Bangladesh to provide insurance facilities to its employees. As part of this, more than 300 employees of Shikho will receive financial protection for medical treatments, accident and loss of life....
ICT Division and Ami Probashi Limited signed a Memorandum of Understanding (MoU) Limited at the BCC auditorium in the ICT Tower in Dhaka on Wednesday. This MoU signifies a collaborative effort between them to advance the 'Ami Probashi' app platform,...
Bangladesh Economic Zones Authority (BEZA) inked a land allotment deal with Ayurvedia Pharmacy (Dacca) Ltd AP on Wednesday to allocate three acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), reports BSS.Ayurvedia Pharmacy (Dacca) Ltd AP plans to invest...
Monzurur Rahman has been re-elected as chairman of the board of directors of Pubali Bank Limited. Habibur Rahman, advisor of Chauddagram Bankers' Society and also managing director of South Bangla Agriculture and Commerce Bank, congratulated him with flowers on behalf...
Eastern Bank Limited (EBL) and Institute of Architects, Bangladesh (IAB) with the support of Visa have launched a co-brand credit card recently. Dr. Khandaker Shabbir Ahmed, president of IAB, M. Khorshed Anowar, DMD and head of retail and SME banking...
As part of corporate social responsibility, Prime Bank recently signed an agreement with Footstep Bangladesh to establish water filtration systems in government public schools and hospitals in Dhaka, Sunamganj and Kushtia. Faisal Rahman, additional managing director of Prime Bank, and...
FE REPORT | 2023-06-22 00:00:00
Evince Textiles has decided to issue 0.79 million ordinary shares to the shareholders of non-listed Evitex Fashions as part of a merger plan.The listed company will issue shares at a ratio of 1:1.80 at a face value of Tk 10...
The 24th annual general meeting (AGM) of Mutual Trust Bank Limited (MTB) was held virtually on Wednesday. MTB Chairman Md. Abdul Malek presided over the meeting. The AGM approved a 10 per cent stock dividend. MTB Vice Chairman and Founding...
FE REPORT | 2023-06-22 00:00:00
C&A Textiles has decided to resume production of both garment and textile divisions next month six years after the closure of its factory.The Chattogram-based textile maker was shut down in 2017 due to a loan scam committed by its previous...
SEOUL, June 21 (Reuters): Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part of a strategy to boost electric vehicle (EV)...
LONDON, June 21 (Reuters): The European Union's powerful lending arm, the European Investment Bank, expects to back its first 'debt-for-nature' swap this year as it bolsters efforts to stem biodiversity loss.Debt-for-nature swaps, which help countries cut their debt in return...
NCC Bank has organised a daylong conference for BAMLCOs (Branch Anti-Money Laundering Compliance Officers) on 'Prevention of Money Laundering and Terrorist Financing' at BRAC-CDM in Savar recently. Md Masud Biswas, Head of Bangladesh Financial Intelligence Unit (BFIU), inaugurated the conference...
BRAC Bank has launched a unique 'Smart Farmer's Card' to facilitate easy and smart banking solutions for farmers. This is a first-of-its-kindsmart card for farmers, says a press release. The card will initially be offered to the members of Bangladesh...
Former presidents of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have extended their support to Chittagong Chamber of Commerce and Industry (CCCI) President Mahbubul Alam as the new president of the apex trade body for the 2023-25...
Nagad, a leading mobile financial service in Bangladesh, has launched an 'Ek Takar' offer for customers recharging any Grameenphone numbers using Nagad app or by dialling *167#. This initiative is aimed at encouraging people to do more and more digital...
FE REPORT | 2023-06-22 00:00:00
Essential Drugs Company Limited (EDCL) will locally manufacture 13 categories of vaccines including that of coronavirus as it signed a MoU with US-based on Wednesday.Managing Director of EDCL Dr. Ehsanul Kabir and CEO of Dyadic International Mark Emalferb inked the...
A silent revolution is underway, as Bangladesh and India are going to start using their respective currencies, the taka and the rupee, for trade transactions from September 2023, reports UNB.At the same time, Bangladesh Bank will introduce a debit card...
Gold prices edged lower on the dollar's uptick on Wednesday as investors watched for interest rate cues from US Federal Reserve Chair Jerome Powell's congressional testimony, reports Reuters.Spot gold was down 0.1 per cent to $1,934.29 per ounce by 1215...
NEW YORK, June 21 (Reuters): Colombia will continue to extract fossil fuels for "much longer" until it has other exports to replace that revenue, while considering diversifying its financing with carbon credits and green bonds, Finance Minister Ricardo Bonilla said...
PARIS, June 21 (Reuters): Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow.The first...
BEIJING, June 21 (Reuters): China's 2023 crude oil demand is expected to grow less than previously expected, as strong demand for electric vehicles weighs on gasoline demand, an expert at China National Petroleum Corporation's (CNPC) research arm said on Tuesday.The...
SUNEHRA SAYANHIKA | 2023-06-22 00:00:00
Plastic pollution has reached worrisome levels, with various research exposing its catastrophic consequences on our delicate ecosystems. A recent study estimates that eight million metric tonnes of plastic waste enter our seas each year, posing a serious threat to marine...
MIAMI, June 21 (AP): Lionel Messi's contract will be worth $50 million to $60 million per year, the team said on Tuesday. He cannot sign until sometime in July, after his contract with Paris Saint-Germain expires.Messi is expected to make...
Joe Root has replaced Marnus Labuschagne as the new No.1 ranked Test batsman in the latest ICC Men's Test batting rankings released on Wednesday.Australia star Labuschagne has occupied No 1 spot for six months, but a slow start to 2023...
BERLIN, June 21 (AP): Cristiano Ronaldo became the first men's player to make 200 international appearances and celebrated the milestone by scoring the winning goal in the 89th minute as Portugal beat Iceland 1-0 on Tuesday in European Championship qualifying.The...
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