MARRAKESH (Morocco), Oct 11 (AFP): The World Bank's chief economist warned Wednesday that interest rate hikes could spell trouble for countries struggling to deal with debt.The US Federal Reserve, the European Central Banks and others have raised rates and warned...
The Asian Development Bank (ADB) will provide $338 million to Bangladesh for manufacturing vaccines to give people protection against various diseases, reports BSS.ADB Country Director Edimon Ginting shared this at a meeting with Planning Minister MA Mannan at the latter's...
Nitol Insurance Company Limited and Software Shop Limited (SSL) signed a memorandum of understanding (MOU) on InsureTech Regulatory Sandbox recently. S.M. Mahbubl Karim, Chief Executive Officer of Nitol Insurance Company Limited, and Md. Iftekhar Alam Ishaque, Chief Operating Officer of...
FE REPORT | 2023-10-12 00:00:00
Bangladesh Association of Pharmaceutical Industries (BAPI) has donated vast quantities of medicine items to Sri Lanka. BAPI president Nazmul Hassan, MP handed over the medicines to acting Sri Lankan High Commissioner in Bangladesh Ruwanthi Delpitiya at a simple ceremony at...
Leading electronics and home appliances manufacturer singer Bangladesh Limited has launched their World Cup campaign 'Singer Red S Deal DouRun Offer', says a press release. Under the exciting DouRun offer, customers will get a chance to win their purchased TV...
IDCOL and SREDA are collaborating to create a better environment for implementing energy efficiency measures in Bangladesh, with USD 1.13 million TA support from the Green Climate Fund (GCF). An agreement was signed in this regard on Tuesday, says a...
Naser Ezaz Bijoy, President of Foreign Investors' Chamber of Commerce and Industry (FICCI), has been elected as Vice President of International Chamber of Commerce (ICC) - Bangladesh in the Executive Board Meeting of ICC Bangladesh held recently, says a press...
MetLife's 360 Health mobile app has introduced a new feature to raise awareness about breast cancer. This feature enables users to assess potential risks of breast cancer by analyzing various indications and symptoms, says a press release. According to World...
Guardian Life Insurance Limited & IFIC Bank PLC have signed a group insurance agreement. Under this agreement, employees of IFIC Bank PLC and their dependents will enjoy Group Insurance benefits within the sphere of Guardian Life's protection.Sheikh Rakibul Karim, FCA,...
FE REPORT | 2023-10-12 00:00:00
The Sirajganj Economic Zone (EZ) has entered into a partnership deal with the Australia Bangladesh Business Forum (ABBF), heralding a new era of economic growth and opportunities to bridge the gap between international investment and local development.A Memorandum of Understanding...
NEW YORK, Oct 11 (AFP): German sandals maker Birkenstock is set to debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and...
Shah Alam Sarwar, managing director and CEO of IFIC Bank, extended a warm welcome to the newly appointed Commissioner of Dhaka Metropolitan Police (DMP) Habibur Rahman, at the police headquarters on Wednesday. Syed Mansur Mustafa, deputy managing director and head...
An agreement regarding the 'Financial Inclusion Credit Guarantee Scheme' was signed between the Bangladesh Bank and National Bank Limited recently. Manoj Kumar Howlader, director, Credit Guarantee Department, Bangladesh Bank, and Md Mehmood Husain, managing director and CEO of National Bank,...
Standard Bank Limited signed an agreement with the Bangladesh Bank at the central bank head office on Tuesday as a participating institution for investments under the "Long Term Financing Facility (LTFF)" refinancing fund. Md Habibur Rahman, managing director and CEO...
NCC Bank signed a participatory agreement with Bangladesh Bank on "BB-Long Term Financing Facility (BB-LTFF)" at the Bangladesh Bank Office on Tuesday. In the presence of Nurun Nahar, deputy governor of Bangladesh Bank; Mohammad Mamdudur Rashid, managing director and CEO...
TOKYO, Oct 11 (Reuters): The Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, a key element in Japan's strategy to tackle climate change.The world's fifth-largest carbon dioxide (CO2) emitter is the latest among Asian nations to formulate plans...
India's market regulator is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules, two sources with direct knowledge of the matter...
A business development meeting with the managers of corporate branches and zonal heads of Al-Arafah Islami Bank Limited (AIBL) was held at the head office of the bank on Wednesday. Managing Director and CEO Farman R Chowdhury presided over the...
Dhaka Bank Limited recently organised a health campaign named 'Healthy Living Discussion' for healthcare protection of their employees at Dhaka Bank head office. The health campaign was inaugurated by Mohammad Abu Jafar, acting managing director of Dhaka Bank. The campaign...
A day-long 'Managers' meeting' of Dhaka South Zone was organised by Jamuna Bank Limited at a hotel in the capital. Md Saidul Islam, chairman of Jamuna Bank, attended the occasion as the chief guest. Directors of the bank Redwan-ul Karim...
Mutual Trust Bank Limited (MTB) has recently launched a special health check-up service at United Healthcare Premises (United Hospital & Medix) for its 'Privilege Clients'. Under this arrangement, complementary vouchers will be given to the clients which they can use...
LONDON/SINGAPORE, Oct 11 (Reuters): Global stocks edged higher on Wednesday, with investors cheered by Chinese stimulus hopes and a drop in bond yields, while the dollar held steady before the release of the latest Federal Reserve meeting minutes and US...
ISMAIL HOSSAIN | 2023-10-12 00:00:00
Migration to a universal licensing regime could be a game-changer for the country's telecom sector, as it will open up all kinds of possibilities for the mobile operators, which are very much standard practice in the rest of the world,...
FE REPORT | 2023-10-12 00:00:00
Monno Agro & General Machinery, a subsidiary of Monno Group of Industries, witnessed a record profit in the fiscal year ending June 2023, thanks to a surge in net revenue and the effective management of operational costs.For FY23, the agricultural...
The state-owned Rupali Bank Limited has launched its Shariah-based Islamic banking window. Financial Institutions Division Secretary Sheikh Mohammad Salimullah inaugurated the window at a function at the Rupali Sadan Corporate Branch of the bank at Motijheel in the capital on...
Gold prices hit a near two-week peak on Wednesday, supported by a dip in U.S. Treasury yields after dovish remarks from Federal Reserve officials, while minutes from the U.S. central bank's last policy meeting will be eyed for more cues...
Amidst the dwindling stock of natural fish species, particularly of "ruhi", due to indiscriminate cross-breeding of different species for mere commercial benefits by private hatcheries, scientists have devised a way to protect the original breed alongside enhancing its production.Scientists of...
LONDON, Oct 11 (Reuters): Oil prices fell on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to help stabilise the market.Brent crude fell 78...
CHAPAINAWABGANJ, Oct 11 (BSS): Members of Rapid Action Battalion (RAB-5) arrested two alleged drug peddlers with 11 bottles of local made liquor in Sadar upazila in the early hours of Wednesday.The arrestees are Mozammel Hoque (35) of Balugram village and...
JASHORE, Oct 11 (BSS): Members of Border Guard Bangladesh (BGB) arrested a man along with $90,000 and 1,610 Indian rupees from Benapole frontier at Sharsha upazila of the district on Wednesday. The detainee is Manik Mia, hailing from Austagram upazila...
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