SHANGHAI/SINGAPORE, Nov 6 (Reuters): China's attempts to keep the yuan from falling contributed to last week's chaos in money markets, sources involved say, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through...
NCC Bank started a three-week 78th foundation training course for its employees at NCC Bank Training Institute on Monday. Mohammad Mamdudur Rashid, managing director and CEO of the bank, inaugurated the programme.
FE REPORT | 2023-11-07 00:00:00
After a 43 per cent year-on-year decline in profit in FY23, Bangladesh Export Import Company (Beximco) reported a loss of nearly Tk 708 million for the first quarter of FY24, as exports and local sales plummeted.Beximco, the flagship company of...
Social Islami Bank recently inaugurated five sub-branches from its head office virtually. Zafar Alam, managing director and CEO, inaugurated the sub-branches while Mohammad Forkanullah, deputy managing director, presided over the programme. The sub-branches are Chatarpaiya sub-branch in Noakhali, Dhorkora sub-branch...
Farhan Fardaus | 2023-11-07 00:00:00
Parvez Ali was befuddled when he discovered that his assets in post-merger Far Chemical Industries Limited and R.N. Spinning Mills lost value by 20 per cent and 47 per cent on Sunday. He had 300 shares of pre-merger Far Chemical,...
SHANGHAI, Nov 06 (Reuters): China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring capital outflow pressure and Beijing's challenge in wooing overseas companies in the wake of a "de-risking" move by...
LONDON, Nov 06 (Reuters): The US dollar extended its decline on Monday, having fallen by the most since July last week after the Federal Reserve dialled down its hawkish rhetoric and US data showed signs of moderation.The dollar index eased...
BENGALURU, Nov 06 (Reuters): India's retail vehicle sales fell 7.7 per cent from a year earlier in October, a dealers' body said on Monday, adding that a build-up of inventory of passenger vehicles (PV) was a cause for concern.The average...
Chinese home appliances manufacturer Gree held the Business Meet-2024 for its Bangladesh Chapter at a city hotel on Saturday with the participation of conference partners and channel partners, said a press release.Electro Mart Group Chairman Mohammed Nurun Newaz thanked the...
Animesh Saha, Executive Director of Sara Pizza, inaugurated the showroom of Sara Pizza at Moghbazar in the city on Saturday. Sara Pizza, a new brand in the pizza industry, has started its journey. The country's leading food processor PRAN Group...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recently organised an event titled 'Japan-Bangladesh Business Corridor: Legacy and the Future' for its Japanese stakeholders, says a press release. The event aimed to celebrate the longstanding relationship and...
JAMUNA FOUNDATION NURSING COLLEGE OPENS Jamuna Foundation Nursing College was formally inaugurated at Dhanmondi in the capital recently. Minister for Textiles and Jute Golam Dastagir Gazi was present as the chief guest while Nur Mohammed, Chairman of the Jamuna Bank...
BKB SIGNS MOU WITH NAGADBangladesh Krishi Bank (BKB) and Nagad Limited signed a Memorandum of Understanding (MoU), aiming to achieve growth in foreign remittance inflow by ensuring better customer service. Under this agreement, Bangladeshi expatriates can send remittance through BKB...
BERLIN, Nov 6 (Reuters): Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for...
Customers can get a Tk 20 cashback on saving a new debit card of Visa or MasterCard to bKash app with an add money transaction of Tk 2,500 for the first time, says a press release. This offer will continue...
FE DeskThe Infrastructure Development Company Limited (IDCOL), a government-owned financial institution, has extended significant financial support to Sirajganj Economic Zone Limited (SEZL) for the establishment of a 1035-acre economic zone, making it the largest private economic zone in Bangladesh.IDCOL's approval...
FE REPORT | 2023-11-07 00:00:00
The state-run Trading Corporation of Bangladesh (TCB) is expected to launch a month-long sales drive of essential commodities at subsidised rates to 10 million low-income families this week.The agency has set November 9 to start the drive and sought approval...
FE Report Korea Importers Association (KOIMA) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) signed a Memorandum of Understanding (MOU) to strengthen trade relations between the two countries, a spokesperson for the Korean Embassy in Dhaka said...
Sri Lanka's Angelo Mathews reacting after he was timed out during the 2023 ICC Men's Cricket World Cup ODI match against Bangladesh at the Arun Jaitley Stadium in New Delhi on Monday — AFP NEW DELHI, Nov 06 (AFP): Sri...
COLOMBO, Nov 06 (AFP): Sri Lanka's sports minister Roshan Ranasinghe sacked the national cricket board on Monday, days after a humiliating defeat by India at the World Cup.Ranasinghe has been at loggerheads with Sri Lanka Cricket -- the richest sports...
Australia's Steve Smith (L) and Cameron Green speak during a practice session on the eve of their 2023 ICC Men's Cricket World Cup ODI match against Afghanistan at the Wankhede Stadium in Mumbai on Monday — AFP NEW DELHI, Nov...
SAVAR, Oct 06 (UNB): At least 20 people were injured after clashes erupted between Daffodil International University (DIU) students and locals at Ashulia union in Savar on Sunday.A tense situation is prevailing in the area following the incident.Locals claimed that...
CHUADANGA, Nov 06 (UNB): A Chuadanga court on Monday sentenced a man to death in a case over killing a class three student in Sadar upazila of Chuadanga last year.Judge of Chuadanga additional district and sessions judge second court Masud...
CHATTOGRAM, Nov 06 (UNB): A-64-year-old man died after being hit by a speeding train on Dhaka-Chattogram rail track in Mirsarai upazila of Chattogram district on Monday.The deceased was identified as Farid Ahamad, a resident of Sonapahar area under Jorarganj union...
OUR CORRESPONDENT | 2023-11-07 00:00:00
RAJSHAHI, Nov 06: Three months have passed since the construction of the gynecological operation theater (OT) at Rajshahi Medical College Hospital (RMCH) at a cost of Tk 36.2 million (3 crore 62 lakh). But it has not yet started functioning.For...
Home Minister Asaduzzaman Khan Kamal on Monday said the BNP carried out arson attacks and terrorist activities to come in power, reports BSS."They (BNP) want to come to power by creating anarchy through vandalism and arson attacks across the country...
Urging party workers to hand over the arsonists to police, Information and Broadcasting Minster and Awami League Joint General Secretary Dr Hasan Mahmud said on Monday BNP is unlashing terror activities in the name of their 'seize' programme, reports BSS.BNP...
FE REPORTThe Supreme Court on Monday set November 12 for hearing a petition that sought a ban on the political activities of Bangladesh Jamaat-e-Islami, a party that lost its registration with the Election Commission.A four-member bench of the Appellate Division,...
Dhaka Metropolitan Police (DMP) on Monday announced a Tk 20,000 reward for those who will help them nab arsonists with information amid nationwide arson attacks, reports UNB.Dhaka Metropolitan Police (DMP) Commissioner Habibur Rahman said this during a meeting with Bangladesh...
FE REPORTThe High Court (HC) on Monday wanted to know the position of BNP leader and former lawmaker Habibur Rahman Habib, as he did not appear before the court despite a summon order being issued against him in connection with...
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