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AILIL decided to raise capital through Initial IPO

2023-11-23 00:00:00

Alpha Islami Life Insurance Limited (AILIL) has decided to raise capital through Initial Public Offering (IPO). The company will apply to the Bangladesh Securities and Exchange Commission (BSEC) for approval. The authorised capital of the life insurer is Tk 1.0...

BRAC Bank organised a national agent banking conference

2023-11-23 00:00:00

BRAC Bank organised a national agent banking conference to celebrate the five-year journey of the banking channel. M Masud Rana, deputy managing director and chief financial officer; Md Sabbir Hossain, deputy managing director and chief operating officer; Chowdhury Moinul Islam,...

MoU signed between Midland Bank and BIPO Service (Bangladesh)

2023-11-23 00:00:00

A memorandum of understanding (MoU) was signed between Midland Bank and BIPO Service (Bangladesh) Limited at the bank's corporate head office in the capital on Tuesday. Mohammad Javed Tarek Khan, head of Institutional Banking Division of Midland Bank, and Md...

Social Islami Bank celebrated 28th anniversary

2023-11-23 00:00:00

Social Islami Bank celebrated its 28th anniversary at the head office by cutting a cake on Wednesday. Md Kamal Uddin and Md Sayedur Rahman, vice chairmen, were present as the guest of honour while Zafar Alam, managing director and CEO,...

Eurozone financial stability outlook fragile: ECB

2023-11-23 00:00:00

FRANKFURT, Nov 22 (AFP): The eurozone financial stability outlook remains fragile as tighter financing conditions, high inflation and geopolitical tensions weigh on the single currency area, the European Central Bank warned Wednesday.The ECB has hiked interest rates at a record...

BAPEX holds 34th AGM

2023-11-23 00:00:00

The 34th annual general meeting (AGM) of Bangladesh Petroleum Exploration & Production Company Ltd. (BAPEX) was held on Wednesday on a virtual platform, says a press release.Shareholders and members of the Board of Directors of the company participated in the...

bKash Mega Cashback campaign underway

2023-11-23 00:00:00

A customer can win Tk 100,000 cashback by recharging the highest amount to any Grameenphone (prepaid, postpaid & Skitto) number in the weeklong bKash Mega Cashback campaign, said a press release. Besides, every day, 500 highest recharging bKash customers are...

19 Bangladeshi companies join Global Sourcing Expo in Australia

2023-11-23 00:00:00

The 'Global Sourcing Expo Melbourne 2023', a three-day international trade exhibition, began at the Melbourne Convention and Exhibition Center in Australia on Tuesday. Some 19 Bangladeshi enterprises are participating in the expo under the initiative of Bangladesh High Commission in...

Sonali Bank launches new mobile app for sending remittance

FE REPORT | 2023-11-23 00:00:00

Sonali Bank PLC has launched its new mobile phone app to facilitate sending of remittances back home by the Bangladeshi expatriates living in the United States of America.Bangladesh Bank Governor Abdur Rouf Talukder inaugurated the 'Sonali Exchange Mobile App' at...

Chittagong bourse's profit falls, on rising operating cost, low revenue

FE REPORT | 2023-11-23 00:00:00

The port city bourse experienced an 11.19 per cent year-on-year decline in profit to Tk 345.33 million in FY23, as revenue earnings dwindled due to low market turnover. The finance income of the Chittagong Stock Exchange (CSE) rose significantly during...

SMEs immune to forex loss come out triumphant in FY23

BABUL BARMAN | 2023-11-23 00:00:00

Most firms listed on the SME platform secured a year-on-year growth in profit in FY23, despite macroeconomic challenges, as they are less vulnerable to foreign exchange fluctuations.The profit of eight, out of 14 companies, which have made annual earnings disclosures,...

80 tolas of gold looted from three Savar jewellery shops

2023-11-23 00:00:00

SAVAR, Nov 22 (UNB): Robbers looted 80 tolas of gold from three jewellery shops at Hemayetpur in Savar early Wednesday.Dipak Chandra Saha, officer-in-charge of Savar Model Police Station, said a group of masked robbers, with the help of three security...

Thrust on enhancing awareness to check child marriage, dengue diseases

2023-11-23 00:00:00

CHAPAINAWABGANJ, Nov 22 (BSS): Speakers at a community dialogue with the girl students here has emphasised on enhancing awareness among the family members to check child marriage and dengue diseases.The dialogue was held at the auditorium of Ajaipur Girls High...

Ten Khulna University students punished for violating discipline

2023-11-23 00:00:00

KHULNA, Nov 22 (UNB): The authorities of Khulna University (KU) have recently taken punitive action against 10 students for violating discipline including taking drugs and misbehaving with fellows.The decision of the university administration came to light on Tuesday although the...

Selling jute at Kamarjani market in Gaibandha

2023-11-23 00:00:00

Jute farmers, who are not getting fair price for their produce this year, selling jute at Kamarjani market in Gaibandha district — Focus Bangla

Pearl farming increases in Barguna

2023-11-23 00:00:00

BARGUNA, Nov 22 (BSS): Pearl farming is increasing in three upazilas of the district as it costs low but yields high profits.Senior Fisheries Officer of Amtali Upazila Halima Sardar said that 11 farmers in Barguna Sadar, Amtali and Patharghata upazilas...

Qatar's economic growth stabilises after FIFA World Cup boom: IMF

2023-11-23 00:00:00

RIYADH, Nov 22 (Arab News): The economic growth of Qatar has normalized after the country's strong fiscal performance in 2022, driven by the FIFA World Cup, according to the International Monetary Fund. In its consultation report released on Nov. 21,...

Singapore economy growth beats forecast in Q3

2023-11-23 00:00:00

SINGAPORE, Nov 22 (AFP): Singapore's economy grew more than expected in the third quarter, data showed Wednesday, while officials narrowed their full-year forecast owing to subdued demand for its exports in key markets including the United States and China.The 1.1...

China govt advisers call for steady growth target in 2024

2023-11-23 00:00:00

BEIJING, Nov 22 (Reuters): Chinese government advisers will recommend economic growth targets for next year ranging from 4.5 per cent to 5.5 per cent to an annual policymakers' meeting, as Beijing seeks to create jobs and keep long-term development goals...

BD startup gets accepted into Global Entrepreneurship Bootcamp

SAMIN SHAHAN RAHMAN | 2023-11-23 00:00:00

'Ahona: Your Friend Indeed', a Bangladeshi early-stage startup that aims to provide a psychological support platform has been accepted to the 10th edition of the prestigious Global Entrepreneurship Bootcamp, to be held in Silicon Valley in April 2024. By providing...

Content creators' cricket league held in Chattogram

TANJIM HASAN PATWARY | 2023-11-23 00:00:00

Presented by Spider Studio, the Content Creators Cricket League unfolded in Chattogram on November 20 and 21 at the Fortune Sports Arena. This exciting event brought together various content creators, including food vloggers, travel vloggers, makeup and beauty artists, influencers,...

LEAD Academy joins Stanford Seed Transformation Program 2024

FE YOUTH DESK | 2023-11-23 00:00:00

LEAD Academy, a prominent ed-tech startup in Bangladesh, has achieved a coveted position in the Stanford Seed Transformation Program, Class of 2024, emerging as the sole ed-tech platform in this region. This noteworthy accomplishment propels LEAD Academy towards advancing its...

In conversation with Team Pixie Dust

ABDULLAH-AAT-TAHMIDUS SIDDIQUEE | 2023-11-23 00:00:00

Business competitions provide the perfect platform for harnessing problem-solving skill sets, simulating real-life business problems, and fostering entrepreneurial spirit in aspiring business leaders. Business competitions are a simulation of real-life business scenarios where teams have to provide a solution to...

Gold hovers near $2,000 as Fed pause bets lend support

2023-11-23 00:00:00

Gold prices hovered near the key $2,000 level on Wednesday, as expectations of an end to the US Federal Reserve's rate hike cycle kept the dollar and US bond yields subdued, reports Reuters.Spot gold was up 0.1 per cent at...

Oil prices dip ahead of OPEC+ cuts

2023-11-23 00:00:00

LONDON, Nov 22 (Reuters): Oil prices slipped on Wednesday in quiet pre-US Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in US crude stocks.Brent...

Ukrainian grain pushes Romania's Constanta port to record volume

2023-11-23 00:00:00

BUCHAREST, Nov 22 (Reuters): Romania's Black Sea port of Constanta shipped a record 29.4 million tonnes of grain in the first 10 months of this year, with supply from Ukraine accounting for 40 per cent of that, the port authority...

Messi, Ronaldo will face each other in Saudi Arabia next year

2023-11-23 00:00:00

MIAMI, Nov 22 (AFP): Lionel Messi's Inter Miami will face Cristiano Ronaldo's Al Nassr next February in the Riyadh Season Cup for what could be the final showdown of the global football icons.Eight-time Ballon d'Or winner Messi, who joined the...

Wimbledon expansion plans suffer fresh setback as local council rejects proposals

2023-11-23 00:00:00

LONDON, Nov 22 (AFP): Wimbledon's expansion plans have suffered a significant blow after a local council rejected their proposal to build new tennis courts on land near the All England Club.Wandsworth councillors voted unanimously to snub the proposal for 39...

Kohli rises to third, Gill remains on top in ODI

2023-11-23 00:00:00

NEW DELHI, Nov 22 (Agencies): After a stellar performance in the ODI World Cup, Indian batsman Virat Kohli has made significant strides in the latest ODI Player Rankings, securing the third position.Kohli's outstanding contribution of 765 runs in the tournament...

Lionel Scaloni hints at leaving Argentina job

2023-11-23 00:00:00

RIO DE JANEIRO, Nov 22 (Agencies): Argentina's World Cup-winning coach Lionel Scaloni made the stunning admission that he was contemplating walking away from his position after his team achieved the rare feat of beating Brazil on Nov 21.His shocking pronouncement...