FE REPORT | 2023-05-25 00:00:00
BNP vice-chairman Abdullah Al Noman on Wednesday said they will start one-point movement soon to oust the incumbent government."We (BNP) are yet to observe programmes like shutdown (hartal). We are still working on our 10-point demand movement which will soon...
DOHA (Qatar), May 24 (UNB): Qatar's Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani on Tuesday said his country is keen to strengthen its friendly relations with Bangladesh.He said this at a bilateral meeting with Bangladesh Prime Minister Sheikh...
LONDON, May 24 (Reuters): A gauge of top luxury stocks in Europe fell to seven-week lows on Wednesday as a selloff in the sector continued following a strong run this year that has been key for positive returns across broader...
TOKYO, May 24 (Reuters): Stocks lurched downwards on Wednesday as US debt ceiling negotiations dragged on without resolution, stoking a general malaise in markets that saw safe haven assets like the dollar and gold hold around recent highs.The New Zealand...
The 38th annual general meeting of the United Insurance Company Limited was held on a virtual platform recently. At the AGM, the shareholders approved 10 per cent cash dividend for year 2022. Dr Wahiuddin Mahmood, Chairman of the Board, and...
The 22nd annual general meeting (AGM) of Shahjalal Islami Bank Limited was held on a digital platform on Wednesday. Chairman of the board of directors of the bank Mohammed Younus presided over the meeting. The AGM approved a total of...
MTB Foundation recently signed an agreement with Dishari School for a project titled, 'Providing Financial Support to the Children of Poor Working Mothers at Dishari School'. The agreement was signed by Salma Masud, executive director, Dishari School, and Samia Chowdhury,...
Eastern Bank MD and CEO Ali Reza Iftekhar has been awarded the Kotler CEO of the Year 2023 in Dhaka recently. The award recognises exceptional marketing campaigns and professionals who have made significant contributions to Bangladesh's marketing and business landscape....
Most major Gulf stock markets opened lower on Wednesday, extending losses from the previous session, and tracking weakness in Asian shares as a deadlock in US debt ceiling negotiations weighed on investor sentiment, reports Reuters.Representatives for President Joe Biden and...
FE REPORT | 2023-05-25 00:00:00
The Dhaka Stock Exchange witnessed six-month high turnover on Wednesday at over Tk 11 billion as buoyant investors injected fresh funds into selective stocks for quick gains.Turnover, a crucial indicator of the market, was Tk 11.10 billion on the country's...
BABUL BARMAN | 2023-05-25 00:00:00
Non-bank financial institutions (NBFIs) had to narrow the gap between borrowing and lending rates to stay in business, which inevitably took away a major chunk of their profits in the January-March quarter, compared to the same quarter last year. This...
LONDON, May 24 (AFP): Britain's annual inflation rate struck a 13-month low in April, official data showed Wednesday, but remains elevated at 8.7 per cent as soaring food prices offset weaker energy costs, prolonging a cost-of-living crisis.The rate of price...
SEOUL, May 24 (Reuters): South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a US public filing showed.In March, the US...
NEW DELHI, May 24 (Reuters): India's inflation has moderated, but lingering weather-related uncertainties still pose headwinds, the governor of the Reserve Bank of India said on Wednesday."The war on inflation is not over, we have to remain alert," Shaktikanta Das...
LONDON, May 24 (Reuters): HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his...
State Minister for Shipping Khalid Mahmud Chowdhury inaugurated the newly constructed 'Belonia Land Port' at Parshuram upazila in Feni recently. Chairman of Bangladesh Land Port Authority Md Alamgir was also present.
FRANKFURT, May 24 (AFP): The European Central Bank celebrated its 25th anniversary Wednesday but soaring inflation in the eurozone threatened to put a damper on festivities at the Frankfurt-based financial institution.To mark the occasion, around 200 guests will descend in...
Guardian Life Insurance Limited and WAVE Foundation signed an agreement on group insurance benefits. Under this agreement, all the micro borrowers of WAVE Foundation will enjoy life coverage benefits within the sphere of Guardian Life's protection. Sheikh Rakibul Karim, FCA,...
To align with Bangladesh Bank's initiative to achieve financial inclusion, Citibank NA Bangladesh launched its financial literacy programme recently, says a press release.Designed by the Financial Literacy Wing (FLW) of Citibank NA, Bangladesh, this programme aims to create awareness and...
OUR CORRESPONDENT | 2023-05-25 00:00:00
CHATTOGRAM, May 24: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Chattogram unit, has called for a reduction in taxes, VAT, as well as the power and gas tariff for the readymade garment (RMG) sector in the upcoming budget. In...
FE REPORT | 2023-05-25 00:00:00
The government will buy 11 million litres of soybean oil from the US-based Accentuate Technology Inc for the Trading Corporation of Bangladesh (TCB) that will sell the oil at subsidised rate among the low-income group of people.Each litre of imported...
Kushtia Bidi Sramik Sangram Parishad staged a demonstration on Wednesday to press for their demand that tariffs on bidi be lowered in the upcoming budget.Around 1,000 workers took part in the demonstration in front of the Kushtia Public Library in...
Oil prices rose on Wednesday, driven up by tightening U.S. inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts, reports Reuters.Brent crude futures rose $1.39, or 1.81 per cent, to $78.23...
Gold edged up on Wednesday as the looming debt ceiling deadline prompted some safe-haven flows, while traders waited to scrutinise minutes of the Federal Reserve's recent policy meeting for guidance on US interest rates, reports Reuters.Spot gold was up 0.3...
The Institute of Chartered Accountants of Bangladesh (ICAB) held a meeting with the delegates from CPA Australia led by its Executive General Manager Deborah Leung at the CA Bhaban in Dhaka on Tuesday. ICAB President Md Moniruzzaman led the ICAB...
OUR CORRESPONDENT | 2023-05-25 00:00:00
CHATTOGRAM, May 24: The Chittagong Chamber of Commerce and Industry (CCCI), the Japan External Trade Organisation (JETRO) and Japan Commerce and Industry Association in Dhaka (JCIAD) held a business-to-business meeting on Wednesday.The meeting was held at the Bangabandhu Hall of...
Cristiano Ronaldo scored a stunning winner on Tuesday as Al-Nassr came back to beat visitors Al-Shabab 3-2 and put Al-Ittihad's Saudi Pro League title celebrations on hold, reports Reuters.Al-Ittihad remain favourites to clinch the title with two games remaining in...
In a shocking turn of events, the social media account of the late football legend Diego Maradona was reportedly hacked, report agencies.The incident caused a stir among fans and followers worldwide, who were taken aback by the unexpected posts appearing...
JAKARTA, May 24 (Reuters): World Cup winners Argentina will visit Indonesia next month for a friendly against its national team, its top football official said on Wednesday, in a boost for a country that has suffered a succession of recent...
Bangladesh made a good start in the 9th edition of the 10-nation Men's Junior (U-21) Asia Cup Hockey beating their old rivals Oman by 2-0 goal in the first match held in the Omanese city of Salalah on Tuesday night,...
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