FE REPORT | 2023-05-31 00:00:00
Moody’s Investors Service (Moody’s) has downgraded the government of Bangladesh’s long-term issuer and senior unsecured ratings to B1 from Ba3 and affirmed the short-term issuer ratings at Not Prime. This rating action concludes the review for downgrade initiated on 9...
FE REPORT | 2023-05-31 00:00:00
The Anti-Corruption Commission (ACC) has filed a case against 13 individuals, including Grameen Telecom Chairman and Nobel Laureate Dr Muhammad Yunus, for their alleged involvement in embezzling over Tk 250 million.ACC Deputy Director Md Gulshan Anwar Prodhan lodged the case...
SYFUL ISLAM | 2023-05-31 00:00:00
Bangladesh’s economic pointsman may have to walk a tightrope managing a paradox of austerity and growth ambition as the government is set to announce a bigger budget tomorrow (Thursday) with wider deficit for next fiscal. A preview of the national...
DOULOT AKTER MALA | 2023-05-31 00:00:00
A sum of Tk 1.78 trillion has been projected as direct tax expenditure in the 2023-24 national budget in the form of various tax exemptions now counted in subsidy account in fiscal measures.The amount of tax expenditure would be considered...
Weather may remain mainly dry with temporary partly cloudy sky over the country in the next 24 hours until 06:00 pm today (Wednesday)), according to the Met Office.Mild heat wave is sweeping over Mymensingh, Dhaka, Rajshahi, Khulna and Barishal divisions...
Bangladesh reported 114 more Covid-19 cases in the last 24 hours until Tuesday morning, reports UNB.With the new numbers, the country's total caseload rose to 2,039,244, according to the Directorate General of Health Services (DGHS).However, the official death toll from...
A comprehensive leaflet distribution programme takes place today (Wednesday) across all 75 wards of Dhaka South City Corporation (DSCC), reports UNB.This programme will be conducted from 11:00 am to 12:00 pm in every ward of the corporation. DSCC mayor Barrister...
Indian High Commissioner (HC) to Bangladesh Pranay Verma has highlighted the value of science and technology cooperation between Bangladesh and India as an important dimension of their development partnership and a key catalyst in achieving larger national goals and finding...
JUBAIR HASAN | 2023-05-31 00:00:00
Agent banking continues to narrow down the gap between shares of accounts of male users and female users with formal credit inflow, deposit netting and injection of inward remittance - marking a remarkable increase in once-neglected rural areas.The persistent growth...
PIROJPUR, May 30 (UNB): A Pirojpur court on Tuesday sentenced four people to life imprisonment in a case over the killing of a Bangladesh Chhatra League (BCL) activist in Sadar upazila around seven years back.Pirojpur District and Sessions Judge Md...
Information and Broadcasting Minister Dr Hasan Mahmud on Tuesday said the government of Prime Minister Sheikh Hasina is working to build 'Smart Bangladesh' and a humanitarian state by facing global challenges to move ahead, reports BSS."Smart citizen, smart society, smart...
BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday said the country's people have to establish their voting rights through a fierce movement, reports UNB. He alleged that the government is trying to suppress the ongoing movement of people by...
The leaders and activists of BNP and its associate bodies observed the 42nd death anniversary of its founder and former President Ziaur Rahman on Tuesday, reports UNB. The party and its different associate bodies chalked out various programmes, including discussion...
Awami League General Secretary Obaidul Quader has said Bangladesh National Party (BNP) is jealous of the rise in remittances of Bangladesh, reports UNB."It is very natural that those who always wait for sanctions against the country and its people from...
Major stock markets in the Gulf rose in early trade on Tuesday as investors cheered the prospect of the world's largest economy averting a major debt default, reports Reuters.A weekend deal to lift the $31.4 trillion debt limit announced by...
Social Islami Bank opened three sub-branches through a virtual platform on Tuesday. Zafar Alam, managing director and CEO, inaugurated the sub-branches as the chief guest while Mohammad Forkanullah, deputy managing director, presided over the programme. The sub-branches are: Maijdee Pourobazar...
United Commercial Bank has inaugurated the second batch of a month-long intensive training programme for new entrepreneurs of SME Segment in Dinajpur with support from the Bangladesh Bank (BB). Md. Nazrul Islam, additional director, BB, and Syed Faridul Islam, additional...
Mutual Trust Bank Limited (MTB) has recently signed an agreement with Basic Builders Limited at a ceremony held at MTB Center, Gulshan in the capital. Syed Mahbubur Rahman, managing director & CEO, MTB, and Engr. Abdul Latif, managing director, Basic...
Sonali Bank PLC signed an agreement with Microcredit Regulatory Authority (MRA) to collect the annual subscription and other fees of microcredit institutions certified by the MRA. Sonali Bank CEO and Managing Director Md Afzal Karim and MRA Executive Vice Chairman...
Asia's second largest paint manufacturer Asian Paints has revealed the 'Colour of the Year' for 2023 in Bangladesh through a comprehensive forecast report and launched 'Colour Next-2023' at an event, says a press release.Sireesh Rao, regional head, Asian Paints Global,...
Unilever Bangladesh Limited (UBL) and Bangladesh University of Engineering and Technology (BUET) have embarked on a collaborative journey to promote innovation and research. As part of this initiative, BUET's Research and innovation Centre for Science and Engineering (RISE) has been...
Prominent Banker M M Saiful Islam joined Shahjalal Islami Bank Limited as deputy managing director (DMD) on Monday. Prior to joining Shahjalal Islami Bank, he served Al-Arafah Islami Bank Limited as senior executive vice president and head of corporate investment,...
JUBAIR HASAN | 2023-05-31 00:00:00
Mercantile Bank Limited (MBL) plans to further strengthen its footprint in the banking industry through up-skilling human resources while maintaining a balance between risks and profits, said the bank's Managing Director (MD) and Chief Executive Officer (CEO) Md. Quamrul Islam...
BABUL BARMAN | 2023-05-31 00:00:00
Kohinoor Chemicals stands out among six chemical manufacturers by securing a growth in profit in the nine months to March while the rest either saw profit decline or endured a loss. The success story of Kohinoor is a very predictable...
First Security Islami Bank Ltd. inaugurated two agent banking outlets at Jirongacha Bazar in Kaliganj, Satkhira, and at Shahbazpur Bazar in Barlekha, Moulvibazar, on Tuesday. Abdul Aziz, Additional Managing Director of the bank, inaugurated the outlets through videoconferencing.
Shimanto Bank has contributed 5 per cent of its CSR budget for 2023 to the Prime Minister's Education Assistance Trust recently. Rafiqul Islam, Managing Director & CEO of the bank, handed over a cheque to Smrity Karmaker, Managing Director (Additional...
OUR CORRESPONDENT | 2023-05-31 00:00:00
CHATTOGRAM, May 30: The Chattogram Customs House (CCH) called an auction for the public sale of 121 types of goods to clear the jetties of Chittagong seaport.The auction will be held on June 08.Sources said the CCH would hold an...
FE REPORT | 2023-05-31 00:00:00
Leaders of the country's primary textile mills requested the ready-made garment (RMG) exporters on Tuesday to source yarn from local market through opening back-to-back letters of credit (L/Cs) to help the backward linkage industry, which has unsold stock of yearn,...
REZAUL KARIM | 2023-05-31 00:00:00
Local refiners have demanded that the government withdraw all duties on sugar import and instead introduce specific duty per tonne as the price of the commodity is soaring in the local market.The Bangladesh Sugar Refiners Association (BSRA) on May 29...
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