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IMF upgrades China's growth forecast

2023-11-09 00:00:00

BEIJING, Nov 8 (Reuters): China's economy is set to grow 5.4 per cent this year, having made a "strong" post-COVID recovery, the International Monetary Fund said on Tuesday, making an upward revision to its earlier forecast of 5 per cent...

HSBC plans custody service for non-crypto digital assets

2023-11-09 00:00:00

LONDON, Nov 8 (Reuters): HSBC plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday.The service, which is a partnership with Swiss digital asset firm Metaco, will allow institutional clients to...

Bangladesh Agricultural Development Corporation has organised a foundation training course for its deputy

2023-11-09 00:00:00

Bangladesh Agricultural Development Corporation has organised a foundation training course for its deputy assistant engineers in Dhaka. BADC chairman Abdullah Sazzad inaugurated the training course on Wednesday.

As bad debts soar, Canadian banks eye asset sales to boost capital

2023-11-09 00:00:00

TORONTO, Nov 8 (Reuters): As Canada's economy enters a period of sluggish growth, the big banks are looking to fortify their balance sheets against rising bad debts, but instead of tapping shareholders for funds, the lenders are expected to sell...

ICMAB Best Corporate Award-

2023-11-09 00:00:00

Global asset managers talk up China as long-term bet

2023-11-09 00:00:00

HONG KONG, Nov 8 (Reuters): Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling to break free of pandemic disruption.While many multinational...

Foreign investors trickle back into Asian equities on hopes of Fed rate cycle peak

2023-11-09 00:00:00

Foreign investors are tiptoeing back into Asian equities in November, reversing a trend of heavy selling over the past three months, as easing concerns over aggressive interest rate hikes in developed markets renew risk appetite, reports Reuters.Expectations are mounting that...

World stocks stutter as spotlight turns to Fed chief

2023-11-09 00:00:00

LONDON, Nov 8 (Reuters): World stock markets stuttered on Wednesday, while the dollar continued its rebound, as traders waited to see if US Federal Reserve chief Jerome Powell will push back against rate-cut talk when he speaks later in the...

Southeast Bank Limited has recently arranged its 'Annual Conference on Risk and Sustainable Finance- 2023'

2023-11-09 00:00:00

Southeast Bank Limited has recently arranged its 'Annual Conference on Risk and Sustainable Finance- 2023' at the training institute of the bank in the capital. Md Khurshid Alam, executive director of Bangladesh Bank, inaugurated the conference as the chief guest....

Shohel Ahmed new SBAC Bank director

FE Desk | 2023-11-09 00:00:00

Mr Shohel Ahmed has recently become a member of the board of directors of South Bangla Agriculture and Commerce (SBAC) Bank Limited. Mr Ahmed is a successful entrepreneur and business personality of the country and chairman of Vicar Group of...

As a part of the 24th anniversary celebration of Mutual Trust Bank Ltd (MTB), MTB Foundation recently re-launched

2023-11-09 00:00:00

As a part of the 24th anniversary celebration of Mutual Trust Bank Ltd (MTB), MTB Foundation recently re-launched Swapno Sarathi (The Dream Chariot), the free bicycle distribution CSR campaign targeted towards the underprivileged female students of hard-to-reach areas. MTB Foundation...

Meghna Cement reports lowest profit for FY23 as production dwindles

FE Report | 2023-11-09 00:00:00

Revenue earnings hit by currency devaluation and higher finance cost brought down income of Meghna Cement Mills to its lowest since 1995 listing in the stock market. The company has reported a profit of 15.81 million for FY23, with a...

Padma Oil profit jumps 45pc, on high demand for fuel oil

FE REPORT | 2023-11-09 00:00:00

The state-run Padma Oil Company's profit jumped 45 per cent year-on-year to Tk 3.50 billion in FY23, riding on an increase in the sales of petroleum products and higher non-operating income. As a result, the largest oil marketing entity's earnings...

Steelmakers pay heavily for rise in scrap price in FY23

Farhan Fardaus | 2023-11-09 00:00:00

Listed steelmakers, mild steel makers, and aluminum makers earned far less in FY23 than in the year before for costlier raw materials. They rely on scrap imports to run their production, but the dollar crunch came in the way of...

Empowering BD youths through innovation and collaboration

FE Youth DESK | 2023-11-09 00:00:00

In the heart of Khulna, the Entrepreneurial Voices event, organised by the KUET Business and Entrepreneurship Club (KBEC) on November 03, proved to be a remarkable confluence of ideas, expertise, and inspiration. With a robust attendance of nearly 500 enthusiastic...

A triumph in underwater robotics at Robosub 2023

Samia Mehnaz | 2023-11-09 00:00:00

Striding into its 26th year in 2023, Robosub which is one of the most prestigious international student competitions of underwater robotics, welcomed student teams from all over the world to showcase their innovation and brilliance in the field of robotics....

AI tools to build future-ready youths' career

Tanjim Hasan Patwary | 2023-11-09 00:00:00

With the revolution of information technology, changes are being made in every sphere of life. Artificial intelligence (AI) is one of them which is gaining popularity in the workplace in daily activities of human life. The prime purpose of using...

WC 2023 scenarios for final semifinal spot

2023-11-09 00:00:00

NEW DELHI, Nov 08 (AFP): New Zealand, Afghanistan and Pakistan remain in the race for the final spot in the World Cup semi-finals with one match left for each of the three teams.Table-toppers India, South Africa and Australia have already...

Four-way battle for last two Champions Trophy spots

2023-11-09 00:00:00

As we approach the last few games of the league stage of the 2023 ODI World Cup, the primary focus is obviously on the top four slots. But that's for the top six teams. For the rest, the race is...

MakeItIconic campaign launched for promoting French

2023-11-09 00:00:00

France has launched a global campaign that sends a "powerful signal" to the international community and highlights efforts to build on the country's strengths - industrial and economic dynamism, innovation potential, and cultural and artistic vitality, reports UNB.MakeItIconic campaign has...

HC issues rule to complain against ex-Pak cricketer Waqar Younis

FE REPORT | 2023-11-09 00:00:00

The High Court on Wednesday issued a rule asking the Bangladesh Cricket Board to explain as to why it should not be directed to complain to the International Cricket Council (ICC) and ask it to strike off former Pakistani cricketer...

N Korea slams upcoming Seoul trips by top US officials

2023-11-09 00:00:00

SEOUL, Nov 08 (AFP): North Korean state media on Wednesday slammed upcoming visits to Seoul by the United States' top diplomat and defence chief as "provocative" acts that would raise tensions in the region.US Secretary of State Antony Blinken is...

Palestinian resistance group battles Israeli forces

2023-11-09 00:00:00

GAZA, Nov 08 (Agencies): The Palestinian resistance group Hamas continued to battle invading Israeli forces in Gaza City on Wednesday as international pressure for a ceasefire and halt to barbaric attacks by Tel Aviv increased.According to the Palestinian health ministry...

Rajshahi sees a boon in advanced cabbage farming

2023-11-09 00:00:00

RAJSHAHI, Nov 08 (BSS): Saiful Islam, 45, of Fulbari village under Godagari upazila in the district has set a bright example through farming and producing of advanced cabbage applying improved, modern and technology-based methods.He began vegetable farming on 2.5 bigha...

10,000 fishermen likely to gather at Dublar Char

2023-11-09 00:00:00

KHULNA, Nov 08 (UNB): A total of 10,000 fishermen from coastal areas are expected to gather at Dublar Char, popularly known as "Shutki Polli" or Dried Fish Village, as dried fish processing season kicked off.Every year, several thousand fishermen and...

BNP leader Prince sent to jail

2023-11-09 00:00:00

A court in the city on Wednesday sent BNP organising secretary Emran Saleh Prince to jail in a case lodged over snatching of police weapon and vandalising Liberation War Museum of Bangladesh Police.Dhaka Metropolitan Magistrate Farah Diba Chanda passed the...

EU, C'wealth, NDI keen to observe nat'l polls: EC

2023-11-09 00:00:00

Three international organisations have already expressed their interest to observe the upcoming general elections in Bangladesh, said the Election Commission (EC) on Wednesday, reports BSS.The international organisations are European Union (EU), Commonwealth and NDI (National Democratic Institute).Among these election observers,...

AL, BNP should reach a consensus: Maj Hafiz

FE REPORT | 2023-11-09 00:00:00

Bangladesh Nationalist Party (BNP) vice-chairman Maj (retd) Hafiz Uddin Ahmed says the Awami League and the BNP should hammer out a political consensus for a free, fair and participatory election."A constructive dialogue is a must between the Awami League and...

BNP continues falsification shamelessly: Quader

2023-11-09 00:00:00

Awami League (AL) General Secretary Obaidul Quader Wednesday said, failing in its so-called movement, BNP is continuing its usual trend of falsifying shamelessly, reports BSS."As they (BNP leaders) failed in their movement to topple the government, their internal burning goes...

Heavy reliance on LNG import

Md Tuhin Ahmed and Md Abdul Aahad | 2023-11-09 00:00:00

In recent years, the landscape of the energy sector in Bangladesh has witnessed significant changes. The rising demand for natural gas, coupled with the difficulties in gas exploration and production, has resulted in increasing reliance on import of liquefied natural...