The relocated Chaktai branch of National Bank Limited was inaugurated at a new address - 169/B, (2nd Floor) Makkah Tower, New Chaktai, Chattogram. Senior Vice President & Regional Head of Chattogram Prabir Kumar Bhowmic was present as the chief guest...
A business review meeting for the year 2023 of Dhaka Bank Limited was held at Radisson Blu Dhaka on Saturday. Abdul Hai Sarker, chairman of the board of directors of the bank, inaugurated the meeting as the chief guest while...
FE REPORT | 2023-05-29 00:00:00
Al-Madina Pharmaceuticals will begin share trading on the SME Platform of the Dhaka Stock Exchange and the Chittagong Stock Exchange today (Monday).The veterinary drug manufacturer raised Tk 50 million through qualified investors offer (QIO) early this month to expand business...
AB Bank Limited organised a school banking conference in Rajshahi on Saturday. Kazi Rafiqul Hasan, executive director, Bangladesh Bank, Rajshahi office, was the chief guest at the conference. Mahmudul Alam, deputy managing director of AB Bank, presided over the session....
FE REPORT | 2023-05-29 00:00:00
Indo-Bangla Pharmaceuticals endured a 92 per cent year-on-year drop in income in the January-March quarter of FY23, driven by a decline in sales and a significant increase in financial expenses.The drug maker reported a profit of only Tk 1 million...
FE REPORT | 2023-05-29 00:00:00
Index Agro Industries plans to use more than half of its Tk 500 million IPO proceeds in any "profitable projects" but not for the construction of building and machinery installation for which the fund was raised in January 2021. The...
NEW DELHI, May 28 (IANS): The global electric vehicle (EV) market reached 11 million units last year with a penetration rate of 14 per cent, as more countries double down on electrification, connection, autonomous driving and sharing in the automobile...
DETROIT, May 28 (Reuters): Trade ministers of 14 countries in the US-led Indo-Pacific Economic Framework (IPEF) talks "substantially completed" a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results...
SYDNEY, May 28 (Reuters): Australian retail sales were flat in April as consumers, who face high living costs and rising interest rates, cut back spending on food and dining out, bolstering the case for a pause in rate hikes next...
LONDON, May 28 (Reuters): Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about banks.The rush into money market funds continued in...
RIYADH, May 28 (Arab News): A new primary care centre and a cultural facility are set to be established in the Caribbean island nation of Saint Vincent and the Grenadines thanks to two development loan agreements worth $16 million. Signed...
LONDON, May 28 (Reuters): Britain's departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and...
BENGALURU, May 28 (Reuters): Sun Pharmaceuti-cal Industries Ltd, India's largest drugmaker by revenue, reported a 29.6 per cent rise in fourth-quarter profit, as it benefited from lower expenses and higher sales of specialty drugs.The company's consolidated profit before exceptional items...
BEIJING, May 28 (Reuters): China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China's commerce minister said.Wang Wentao met with South Korean...
Bangladesh Council of Scientific & Industrial Research (BCSIR) and Pabna University of Science and Technology (PUST) signed an agreement on research cooperation at the meeting room of BCSIR in Dhaka in Sunday. BCSIR Chairman Prof Dr Md Aftab Ali Shaikh...
For excellent performance in the business sector of Bangladesh, The Dhaka Mercantile Co-Operative Bank Limited (DMCB) was awarded 'THE BIZZ EURASIA AWARD2023' at a hotel at Astana, Kazakhstan recently. US- based organisation "The World Confederation of Business (WORLDCOB) arranged the...
ABC Real Estate Ltd., in collaboration with Free School Street Property Ltd. (an Ispahani Group company), is on the verge of completing a modern gated community complex in heart of Dhaka, named 'The Oasis at Ispahani Colony'. A pre-handover session...
Standard Chartered, Japan-Bangladesh Chamber of Commerce & Industry (JBCCI), Japanese Commerce and Industry Association in Dhaka (JCIAD, Shoo-Koo-Kai), and the Japan External Trade Organisation (JETRO) recently organised a panel discussion on the topic 'Our shared aspiration: Accelerating the Japan-Bangladesh strategic...
Rajshahi Krishi Unnayan Bank (RAKUB) held the 563th meeting of its board of directors at the head office of the bank in Rajshahi on Sunday. Chairman of the bank Md Raisul Alam Mondal presided over the meeting. Managing Director Niranjan...
Chairman of Karmasangsthan Bank Md Sayedul Islam paid tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his mausoleum at Tungipara in Gopalganj on Sunday.
GPH Ispat, a leading steel manufacturing company, won the SDG Brand Champion Award 2023 in 'Industry Innovation and Infrastructure' category for the groundbreaking introduction of B600C-R, the highest-strength rebar ever in the country. The award giving ceremony titled 'Akij Bashir...
Bonayan has been honoured with the SDG Brand Champion Award in 'Climate & Environment' category for its impactful nationwide afforestation initiative. It is also the largest private sector-driven afforestation programme in the country. The award giving ceremony was held at...
Rupali Haque Chowdhury, Managing Director of Berger Paints Bangladesh Ltd, has been recognised as a Commercially Important Person (Industry) by the government. She has received this accolade for her commendable leadership as the president of FICCI for the year 2021....
US apparel retailer Gap Inc has reported a surprise profit in the first quarter, citing restructuring efforts and easing supply chain costs, reports Reuters.US companies are starting to see some relief from sky-high costs of freight and manufacturing after years...
Bangladeshi company Kazi Badam Limited is going to set up an Agro Processing (cashew nut) industry in BEPZA Economic Zone (EZ), reports BSS.This 100 per cent local company will invest US$ 17.22 million to produce cashew nut kernel and cashew...
OUR CORRESPONDENT | 2023-05-29 00:00:00
CHATTOGRAM, May 28: The Chittagong Chamber of Commerce and Industry (CCCI) held a view-exchange meeting with a delegation from Yunnan, China, at the World Trade Centre in the port city on Sunday. Liu Qilin, President of China Council for the...
NEW DELHI, May 28 (Reuters): India's steel consumption is expected to grow by 7.5 per cent during the current fiscal year to March 2024, boosted by rising demand from the domestic construction, railways and capital goods sectors, a leading industry...
NEW YORK, May 28 (Reuters): The weather pattern El Nino, widely expected by forecasters to develop globally in the second half of the year, poses a larger risk for production of the robusta coffee variety than for milder arabica coffee,...
German airline group Lufthansa on Friday said its goal was to take over Italian carrier ITA Airways in full, but it could not be forced to do so, after it announced it was taking on a minority stake on Thursday,...
WICHITA, Kansas, May 28 (Reuters): Farmers in Kansas, the biggest US producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms.They are intentionally spraying wheat fields with crop-killing chemicals and...
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