Standard Bank has organised a day-long training on 'Internal Shari'ah Audit & Compliance' recently. Md. Habibur Rahman, managing director & CEO, inaugurated the training as the chief guest. The programme was presided over by Md. Siddiqur Rahman, deputy managing director...
MUMBAI, Oct 16 (Reuters): HDFC Bank, India's largest private lender, posted a standalone net profit of 159.76 billion Indian rupees ($1.92 billion) for the July-September quarter, it said on Monday.The standalone numbers do not include the business of the bank's...
COPENHAGEN, Oct 16 (Reuters): Novo Nordisk has agreed to buy ocedurenone, a drug for uncontrolled hypertension, from KBP Biosciences for up to $1.3 billion, the Danish drugmaker said on Monday."This deal is closely aligned with our strategic focus on expanding...
SHANGHAI, Oct 16 (Reuters): China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more sharp yuan declines.The...
With the aim of improving augmented customer service and expanding banking services, Jamuna Bank Limited held a daylong Managers' Meeting of Sylhet Zone at a hotel in Sylhet recently. Md Saidul Islam, Chairman of the bank, was present as the...
Agrani Bank PLC launched an initiative aimed at reducing classified loans and ensuring prompt loan recovery. Starting on Tuesday, this 75-day loan recovery programme will run until December 29. Md Murshedul Kabir, MD and CEO of the bank, announced this...
The 3rd quarterly business review meeting-2023 of the branches of Rajshahi and Rangpur divisions of Union Bank Limited was held in Rangpur recently. Managing Director and CEO of the bank ABM Mokammel Hoque Chowdhury inaugurated the meeting as the chief...
Eastern Housing Limited (EHL) achieved the Gold Award at the 10th ICSB National Award-2022 for Corporate Governance Excellence in services companies category. Salim Ahmed FCS, Company Secretary, and Operative Director Mohammad Sajedur Rahman of the company, received the award from...
City General Insurance Company Limited won the ICSB Gold Award for Corporate Governance Excellence in non-life insurance category. Hossain Akhtar, Chairman, Md Shamim Hossain, Chief Executive Officer, Sheikh Azizul Haque, Executive Vice President & CFO and Mohammed Ashaduzzaman Sarkar, Company...
Mutual Trust Bank Limited (MTB), Bangladesh Medical Association (BMA) and Mastercard jointly announced the launching of two credit cards exclusively for the country's doctors on Sunday. Syed Mahbubur Rahman, managing director and CEO, Mutual Trust Bank, Dr Mostofa Jalal Mohiuddin,...
Exim Bank arranged a business development conference with branch managers, executives and officials of its Rajshahi region in Bogura on Saturday. Managing Director and CEO of Exim Bank Mohammad Feroz Hossain was present as the chief guest while Deputy Managing...
Southeast Bank Limited has provided a financial grant to Bangabandhu Sheikh Mujibur Rahman Agricultural University for research and development under a special CSR fund. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, handed over a cheque to Professor Dr...
The 5th edition of the Bangladesh International Marine and Offshore Expo (BIMOX 2023) was held at the International Convention City Bashundhara (ICCB) in the capital from October 12 to 14, says a press release. ACI Marine and Riverine Technologies Limited,...
OUR CORRESPONDENT | 2023-10-17 00:00:00
CHATTOGRAM, Oct 16: The renovation works of old Kalurghat Bridge will be completed by the current month. Railways Minister Md Nurul Islam Sujan said this when he visited Monday the old Kalurghat bridge to assess the progress of its repair...
FE REPORT | 2023-10-17 00:00:00
The state-run Bangladesh Shipping Corporation (BSC) has maintained a steady growth in profit for the last three fiscal years, with a 9 per cent rise in income to Tk 2.46 billion in FY23. Though the company suffered a slight dent...
ISMAIL HOSSAIN | 2023-10-17 00:00:00
Trust Bank Ltd is planning to proceed 'slow and steady' after acquiring 100 per cent ownership of its subsidiary, Trust Axiata Digital Limited, a mobile financial service established by the bank in collaboration with Malaysia-based Axiata Digital Services Sdn Bhd...
FE REPORT | 2023-10-17 00:00:00
Yarn producer Matin Spinning Mills gained 59.41 per cent lower profit to Tk 427 million in FY23, compared to the year before, as raw material prices, fuel cost and finance cost soared.Spinners are unable to increase their product prices since...
RIYADH, Oct 16 (Arab News): Affirming its commitment to assisting developing nations, the Saudi Fund for Development has signed a loan agreement with Grenada to provide $100 million for a climate-smart infrastructure project.The Caribbean country has now become the 91st...
PHNOM PENH, Oct 16 (AFP): A billion-dollar Chinese-funded airport began operations in Cambodia Monday, with local officials hoping it will revive the vital tourism sector.Phnom Penh became one of Beijing's strongest regional allies under former strongman leader Hun Sen, receiving...
MILAN, Oct 16 (AFP): Italian Prime Minister Giorgia Meloni outlined her proposed 2024 budget on Monday, focused on tax cuts and incentives to get women back to work after having children.Ministers in Meloni's hard-right government agreed around 24 billion euros...
BRUSSELS, Oct 16 (Reuters): The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the US Inflation Reduction Act (IRA) and its subsidies for electric vehicles.US President...
LONDON, Oct 16 (Reuters): British clothing and food retailer Marks & Spencer said on Monday it plans to recruit 10,000 temporary workers for the Christmas season, a more than 40 per cent increase on last year.The group, one of the...
MANILA, Oct 16 (Reuters): Bayer AG said on Monday it plans to bring its direct-seeded rice programme to the Philippines in 2024, offering farmers an alternative cultivation method touted to be more climate-friendly.Bayer launched the system in India this year...
The Business Review Conference of North Bengal Region of Mercantile Bank PLC was held at a hotel in Rangpur on Sunday. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, was present as the chief guest while AMD...
BRAC Bank has signed a Memorandum of Understanding with Jeevan Mithra Fertility & Women Care Centre, a world-class fertility clinic in Chennai, India. Under the agreement, credit & debit cardholders and the coworkers of BRAC Bank will enjoy a 20...
Rupali Islami Banking Window, the Islamic Banking Service of Rupali Bank Limited, has been officially inaugurated recently. Sheikh Mohammad Salim Ullah, secretary of the Financial Institutions Division, attended the launching ceremony as the chief guest while Chairman of the bank...
Electronics giant Walton Hi-Tech Industries PLC has appointed S M Shamsul Alam as its chairman, S M Ashraful Alam as vice chairman and S M Mahbubul Alam as the managing director (MD), says a press release. All of them are...
Use of LPG has been expanding at a fast pace in Bangladesh, primarily because of its easy availability and short supply of natural gas. The growth of LPG industry, however, has not been without pains. Operators in this industry are...
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the European Union (EU) have reaffirmed their commitment to bolster trade relations between Bangladesh and the EU, reports UNB.EU Ambassador Charles Whiteley and FBCCI President Mahbubul Alam expressed their...
NEW DELHI, Oct 16 (AFP): Afghanistan defeated defending champions England by 69 runs at the Cricket World Cup on Sunday in the first big upset of the 2023 tournament.AFP Sports looks at five other stunning wins in the history of...
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