The 41st Annual General Meeting of IPDC Finance Ltd was held virtually on Thursday, with its Chairman Kazi Mahmood Sattar in the chair. Mominul Islam, Managing Director and CEO; Barrister Samiul Hashim, Company Secretary & Head of Legal Affairs; Fahmida...
LONDON, April 27 (Reuters): Investors are positioning for a regime change in global markets as the Bank of Japan edges closer to ditching the policies that depressed the yen for decades, thereby luring Japanese money back home.The BOJ, by flooding...
Mutual Trust Bank Limited (MTB) has been honoured with the 'Best Commercial Bank in Bangladesh 2023' award by the International Business Magazine. The award recognises MTB's exceptional performance, dedication to customer satisfaction, and innovative solutions in the banking industry, solidifying...
FE Report | 2023-04-28 00:00:00
The Dhaka Stock Exchange (DSE) on Thursday posted the highest turnover this year until now on the back of investors' increased participation in small- and mid- cap companies.Investor participation rose gradually for the last three consecutive sessions as bargain hunters...
BABUL BARMAN | 2023-04-28 00:00:00
The general insurance sector lost 20 per cent of its market value in the year through April 27 as most of the general insurers posted lower profits for 2022 due to a dent in premium income from the marine insurance...
BEIJING, Apr 27 (Reuters): China's job market remains tough, and it is becoming especially hard for college graduates to find jobs, vice Human Resources minister Yu Jiadong said on Thursday.China's cabinet on Wednesday unveiled plans to boost employment, including supporting...
MUMBAI, Apr 27 (Reuters): Indian banks should have adequate capital buffers and liquidity and be ready to report earnings even under macroeconomic stress, the country's central bank chief said on Thursday."Our approach has been to enhance the resilience as well...
Gold prices rose on Thursday as economic concerns returned to the fore and traders awaited US data for hints on the Federal Reserve's policy trajectory, reports Reuters. Spot gold was up 0.4 per cent at $1,996.43 an ounce by 1210...
TOKYO, April 27 (Reuters): Oil prices steadied on Thursday after the previous day's price drop reversed the supportive impact of a surprise cut to OPEC production targets this month.Brent crude edged up by 25 cents, or 0.32 per cent, to...
FE REPORT | 2023-04-28 00:00:00
The Dhaka Chamber of Commerce and Industry (DCCI) on Thursday said strengthening Japan-Bangladesh partnership will usher a new hope for trade and investment between the two countries.President of DCCI Barrister Md Sameer Sattar came up with the assertion in a...
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Japan Chamber of Commerce and Industry (JCCI) signed a Memorandum of Understanding (MoU) on Thursday to further strengthen bilateral trade and economic relations between the two countries. FBCCI...
Summit Corporation Limited and JERA Asia Pte Ltd signed a Memorandum of Understanding (MoU) valued at around $2.0 billion in Tokyo on Thursday to explore investment in Bangladesh's energy supply chain, says a press release.Under the MoU, they will collaborate...
K A S Murshid | 2023-04-28 00:00:00
The new law titled The Essential Articles (Price Control and Anti-Hoarding Act) appears to be broad, gives sweeping powers to the food department, and provides stiff penalties for offenders. It aims to stabilise food and rice markets and seems to...
Millets are a group of small-seeded grasses, widely grown around the world as cereal crops or grains for fodder and human food. They have been cultivated for thousands of years around the world. However in Bangladesh, millet has never been...
The Bangladesh Bank has recently asked scheduled banks in the country to organise meetings using online platforms. The central bank's directive to hold meetings in a hybrid mode is to ensure cost savings and efficient use of electricity. In my...
Zahid Huq | 2023-04-28 00:00:00
India is now free to use two seaports of Bangladesh---one at Chattogram and the other at Mongla--- to transship goods and also transit the same to and from its landlocked northeastern states. The National Board of Revenue (NBR), according to...
Nilratan Halder | 2023-04-28 00:00:00
This is peak Boro harvesting time. Farmers are busy gathering crops manually or in some places mowing with harvesters thanks to a late shift to mechanisation of agriculture. In fact, shortage of farm labourers has long been a problem during...
It's a welcome piece of news that the export of apparel to Japan from Bangladesh fetched $1.22 billion during the first nine months of the current financial year. The earnings during the corresponding period of the last financial year were...
COLOMBO, Sri Lanka, Apr 26 (AP): Sri Lanka's president urged lawmakers Wednesday to approve a four-year International Monetary Fund program to restructure the country's $17 billion in foreign debt.Parliament began a three-day debate Wednesday on President Ranil Wickremesinghe's proposal to...
WASHINGTON, April 26 (AFP): US President Joe Biden will attend the G7 leaders' summit in Hiroshima, Japan, from May 19-21, the White House announced Tuesday.On the agenda will be the war in Ukraine, global food and climate crises, and "securing...
BRUSSELS, Apr 26 (AP): New rules requiring airlines to use more sustainable fuels across the European Union have been agreed by negotiators from member countries and the EU Parliament in a bid to help decarbonize the sector.The European Commission, the...
MUNIMA SULTANA | 2023-04-27 00:00:00
The Bangladesh Bridge Authority (BBA) collected Tk 6.60 billion as toll from the Padma Bridge since opening of the bridge for traffic. According to the BBA website, it got Tk 1.11 billion toll from the vehicles during the Eid-ul-Fitr holiday...
These benches at Bangabazar market in Dhaka lie empty on Wednesday. After a devastating fire that destroyed the entire market earlier this month, the authorities arranged the benches so the traders could continue business ahead of the Eid. Now after...
FE REPORT | 2023-04-27 00:00:00
Commercial banks have been asked to organise hybrid meetings - involving both in-person and remote attendees. The Bangladesh Bank (BB) issued a circular in this regard on Wednesday as part of austerity measures as well as for reducing electricity consumption....
ARAFAT ARA | 2023-04-27 00:00:00
Probashi Kallyan Bank (PKB), the state-owned financial institution devoted to serving non-resident Bangladeshis, has fallen short of its promise to boost remittances from abroad since its inception over a decade ago. Despite being established in 2011 with the aim of...
Tokyo, Apr 26 (UNB): Prime Minister Sheikh Hasina met Emperor of Japan Naruhito at the Imperial Palace in Tokyo on Wednesday afternoon.The premier attended an audience with the emperor at the Imperial Palace at 3:00pm local time.The Bangladesh premier also...
JASIM UDDIN HAROON | 2023-04-27 00:00:00
Bangladesh has large-scale underinsurance both for life and non-life assets and the deficiency poses potential threats to sustainable economic development, according to a latest study.The study was conducted under the Bangladesh Insurance Sector Develop-ment Project (BISDP) of Bangladesh, funded by...
MIR MOSTAFIZUR RAHAMAN | 2023-04-27 00:00:00
Concerns are growing over the fate of the Bangladeshi expatriates in Sudan, as the Bangladesh mission is unlikely to start evacuation process during the 72-hour ceasefire brokered by the US that started on Wednesday.Foreign ministry officials on Wednesday said that...
FE REPORT | 2023-04-27 00:00:00
Bangladesh has failed to meet its hajj quota this year for the first time due mainly to higher costs of hajj packages.Out of the country’s quota of 127,198 people this year, a total of 3,500 are yet to register. State...
FE REPORT | 2023-04-27 00:00:00
Financial institutions (FIs) will not be allowed to have more than one representative director on the board of directors from their sponsoring companies, according to the central bank directive issued on Wednesday. Usually, such sponsoring companies appoint more than one...
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