U.S. corporate bond investors were focusing on companies deemed best able to withstand an economic downturn, according to a November survey by Bank of America which found 59 per cent of those surveyed listing a potential mild recession as their...
RIYADH, Nov 14 (Arab News): International financial exchange Nasdaq Dubai hosted the listing of a $1.5 billion green sukuk by logistics monolith DP World, according to a press statement. The Dubai-based stock exchange said that dually listed sukuk issuance proceeds...
First Security Islami Bank inaugurated its Uttara Model Town Branch at Uttara in the capital on Tuesday. Syed Waseque Md Ali, managing director of the bank, inaugurated the branch. Additional managing directors Abdul Aziz and Muhammad Mustafa Khair were also...
Southeast Bank signed a memorandum of understanding (MOU) with Rupali Life Insurance Company Limited at the bank's head office in the capital recently. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and Md Golam Kibria, managing director and CEO...
BRAC Bank presented its financial achievements and operations for the third quarter of 2023 at a virtual earnings disclosure event recently. Selim R. F. Hussain, managing director and CEO of BRAC Bank, alongside other top officials, attended the event.
FE REPORT | 2023-11-15 00:00:00
Advanced Chemical Industries (ACI), one of largest business conglomerates in Bangladesh, is going to form a joint venture with London-based biscuit manufacturer United Biscuits Topco.The name of the proposed joint venture will be "Pladis ACI Bangladesh" where ACI will invest...
FE REPORT | 2023-11-15 00:00:00
The Dhaka Stock Exchange (DSE) seeks authority to review applications of initial public offerings (IPO) so that it can ensure quality listings in order to boost investors' confidence. Once the stock exchanges had the opportunity to examine IPO applications and...
FARHAN FARDAUS | 2023-11-15 00:00:00
Automakers have been sailing through an economy where the wind is blowing against them, with no sign of weakening. Representatives from all the four listed companies said restriction on imports, dollar shortage and inflation had shrunk the scope of business...
SAN FRANCISCO, Nov 14 (AFP): President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.Biden, welcoming 20...
NEW YORK, Nov 14 (AFP): A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said.The bright red roadster had been the...
BRUSSELS, Nov 14 (Reuters): The euro zone economy contracted marginally quarter-on-quarter in the third quarter, a new estimate confirmed on Tuesday underlining expectations of a technical recession if the fourth quarter turns out equally weak, but employment still rose.The European...
Journalist and researcher Nazrul Islam Bashir hands over a rare document related to Bangabandhu and the then Alpha Insurance Company to Sadharan Bima Corporation Chairman Dulal Krishna Saha and Managing Director Md Harun-ur-Rashid at a function at the Bangabandhu Corner...
A meeting of the Asset-Liability Management Committee of Janata Bank PLC was held recently. Managing Director and CEO of the bank Md Abdul Jabbar presided over the meeting.
Infrastructure Development Company Limited (IDCOL), the leading entity in private sector renewable energy and infrastructure financing in Bangladesh, financed a 3.3 MWp rooftop solar project of Walton Hi-Tech Industries PLC. The project was inaugurated at the Walton's cutting-edge manufacturing plant...
Islami Bank Bangladesh PLC introduced a new prepaid card -- DNCC Smart Parking Card -- designed specifically for paying the 'Smart on Street Parking' service fees of the Dhaka North City Corporation (DNCC), says a press release. The DNCC initiated...
F. Hoffmann-La Roche, Switzerland, a globally leading research-based innovative pharmaceutical company, and Radiant Pharmaceuticals Limited, one of the top-ten manufacturers of pharmaceutical products in Bangladesh and a leading importer of specialized life-saving medicines, have signed a "Co-promotion" agreement to bring...
FE REPORT | 2023-11-15 00:00:00
Businesses on Tuesday urged the central bank to play a proactive role to solve the persisting dollar crisis and help contain the stubbornly high inflation.They also called upon the political parties to avoid all kinds of violent activities for the...
LONDON, Nov 14 (Reuters): The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite slower economic growth in nearly all major economies, although its 2024 outlook remains much lower than that...
LONDON, Nov 14 (Reuters): Consumers can expect some relief from food inflation next year, with the price of key staples such as sugar, coffee, corn and soybeans set to ease as supplies adjust higher in response to three years of...
The foundation stone for KGDCL Gas Distribution Network Upgradation Project was laid and the work for gas pipeline installation in Mirsarai Economic Zone was inaugurated on Tuesday. Prime Minister Sheikh Hasina inaugurated the project work and the gas pipeline installation...
CHATTOGRAM, Nov 14 (UNB): Two people were killed and at least four others injured as a covered van crashed into a stationary mini truck and an auto-rickshaw in the Sufia Road area of Mirsarai upazila in Chattogram on Tuesday morning.The...
NATORE, Nov 14 (UNB): Police recovered the body of a woman, hanging from the ceiling of her home, in the Jangli area of Natore Sadar upazila on Tuesday morning.The deceased was identified as Salma Begum, 30, wife of Saiful, and...
RAJSHAHI, Nov 14 (BSS): Japanese Ambassador in Bangladesh Wama Kiminori on Tuesday called on Vice-chancellor (VC) of Rajshahi University (RU) Professor Golam Sabbir Sattar at the latter's office here.During the meeting, they exchanged views related to bilateral and mutual interests...
OUR CORRESPONDENT | 2023-11-15 00:00:00
CHANDPUR, Nov 14: Several hundred people of riverine Haimchar Upazila have been suffering acutely as the construction work of the new four-storey building of Haimchar Upazila Health Complex is yet to be completed, even three years after the stipulated timeframe.Haimchar...
WASHINGTON, Nov 14 (TASS): The United States expects specific results from the meeting between President Joe Biden and President of China Xi Jinping, National Security Advisor Jake Sullivan said at the briefing."We're also looking for specific outcomes from the meeting...
NEW DELHI, Nov 14 (BBC): Could the answer to Delhi's pollution problem lie in the clouds? Last week, as the Indian capital battled days of toxic air, the city's environment minister said that his government was considering cloud seeding -...
KUALA LUMPUR, Nov 14 (Reuters): Malaysia's top court on Tuesday commuted the death sentences and natural-life prison terms of 11 people convicted of drug trafficking, including two Thai nationals, following capital punishment reforms passed earlier this year, state news agency...
PARIS, Nov 14 (AFP): The world is "failing to get a grip" on climate change, the UN warned Tuesday, as an assessment of current climate pledges shows only minor progress on reducing emissions this decade.In a report released just weeks...
GAZA, Nov 14 (Reuters/AFP/AP): Israeli tanks advanced on Monday to the gates of Gaza City's main hospital, a chief target in Israel's battle against Hamas, as US President Joe Biden said hospitals must be protected and he hoped for less...
ANINDETA CHOWDHURY | 2023-11-15 00:00:00
In a box of 24 hours, people tend to like one part more than the other. For some people, it's the morning sunshine when they can start their active day. Some love the shadowing vibe of the afternoon, and some...
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