FE Today Logo

Search results for:


ALLIANCE FINANCE PLC HOLDS WORKSHOP

2023-09-25 00:00:00

Alliance Finance PLC organised a daylong workshop on 'Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT)' in collaboration with Bangladesh Financial Intelligence Unit (BFIU) at its Head Office in Dhaka on Saturday. Md Arifuzzaman, Director of BFIU, was present as...

UNION BANK DISTRIBUTES RELIEF MATERIALS -

2023-09-25 00:00:00

As part of its Corporate Social Responsibility (CSR), the Union Bank Limited recently distributed household goods and relief materials among the helpless, poor and homeless people affected by the devastating floods in Chattogram division. Managing Director & CEO of the...

Govt plans joint ventures with local, foreign cos to revitalise sugar industry

2023-09-25 00:00:00

Industries Secretary Zakia Sultana said that initiatives have been taken to make the country's sugar mills profitable, reports BSS.She emphasised that the focus is not solely on sugar production but also on utilising by-products to make additional products.The government is...

Khokon re-elected BTMA president

FE REPORT | 2023-09-25 00:00:00

Mohammad Ali Khokon has been re-elected the president of Bangladesh Textile Mills Association (BTMA) for the terms of 2023-24 and 2024-25.Mohammad Fazlul Haque, Faizur Rahman Bhuiyan and Saleud Zaman Khan have been elected vice presidents of the association, according to...

Seaweed farming holds 'huge economic potential and environmental benefits'

FE REPORT | 2023-09-25 00:00:00

Seaweed farming in maritime areas of Bangladesh has immense potential to contribute to the economy through supplying raw materials for pharmaceutical and livestock feed industries, speakers said at a workshop on Sunday. Seaweed also decreases carbon emissions and can be...

Prime Bank signed strategic partnership with Le Meridien Dhaka

2023-09-25 00:00:00

Prime Bank has recently signed a strategic partnership with Le Meridien Dhaka at the Prime Bank head office. Nazeem A Choudhury, deputy managing director of Prime Bank, and Constantinos S Gavriel, general manager of Le Meridien Dhaka, signed the agreement....

Muktadhara New York Inc conferred the 'Remittance Award' to Islami Bank Bangladesh

2023-09-25 00:00:00

Muktadhara New York Inc conferred the 'Remittance Award' to Islami Bank Bangladesh for collecting the highest remittance in Bangladesh. Foreign Minister Dr AK Abdul Momen presented the award to Mohammed Monirul Moula, managing director and CEO, and Md Akiz Uddin,...

DSE key index hits 1-month low for concerns over US visa policy

FE REPORT | 2023-09-25 00:00:00

Stocks witnessed yet another setback on Sunday, with the prime index of the Dhaka Stock Exchange (DSE) tumbling below 6,300-mark, as investors dumped their holdings to escape from further losses.Investors might have got panicked following the announcement of the US...

BAT to build bonded warehouse to boost leaf exports

FE REPORT | 2023-09-25 00:00:00

British American Tobacco (BAT) has decided to expand capacity further for catering to the rising demand for tobacco leaves in export destinations, with Tk 1.51 billion to be spent on a bonded warehouse and ancillary facilities. Tobacco leaf exports have...

Bangladesh Submarine Cable to issue shares for taking into account govt equity funds

FE REPORT | 2023-09-25 00:00:00

Bangladesh Submarine Cable Company Ltd (BSCCL) will issue shares to the government at a 66 per cent discount from the market price against share money deposits that the company received about six years ago. The blue chip stock traded at...

India's forex reserves dip to 4-month low

2023-09-25 00:00:00

NEW DELHI, Sept 24 (Xinhua): India's foreign exchange reserves dipped by 860 million U.S. dollars to 593.037 billion dollars during the week ended Sept. 15, showed data released by the country's central bank, the Reserve Bank of India (RBI), on...

India’s Lava looks to corner third of feature phone market

2023-09-25 00:00:00

BENGALURU, Sept 24 (Reuters): Homegrown Indian mobile phone firm Lava will launch 4G feature phones as it aims to corner a third of the market share for the entry-level devices within a year, while also gradually boosting its budget smartphones,...

Thailand expects Tesla, Google, Microsoft to invest $5b, PM says

2023-09-25 00:00:00

BANGKOK, Sept 24 (Reuters): Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft."Tesla would be looking into an EV manufacturing facility, Microsoft and Google are...

China central-bank adviser proposes structural reforms to revive economy

2023-09-25 00:00:00

SHANGHAI, Sept 24 (Reuters): China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.Liu Shijin,...

REFRESHERS' TRAINING COURSE OF FSIBL

2023-09-25 00:00:00

First Security Islami Bank Limited inaugurated Refreshers' Training Course recently at the FSIBL Training Institute with a view to producing skilled human resources for providing better banking services. Syed Waseque Md Ali, Managing Director of the bank, inaugurated the training...

COMMERCIAL BANK OF CEYLON SIGNS MOU WITH PARTEX FURNITURE

2023-09-25 00:00:00

Deputy Chief Executive Officer & Chief Operating Officer of Commercial Bank of Ceylon PLC Kapila Liyanage and Head of Operation of Partex Industries Ltd Fakhruddin Ahmed signed a Memorandum of Understanding (MoU) on behalf of their respective organisations at the...

Emirates, SriLankan Airlines team up to boost connectivity

2023-09-25 00:00:00

Emirates and SriLankan Airlines have signed a reciprocal interline agreement to boost connectivity for passengers of both airlines, reports UNB.The partnership will enable access to new points on each other's networks via Colombo and Dubai, utilising a single ticket and...

Eight more RMG cos start using bKash payroll solution

2023-09-25 00:00:00

Eight more leading readymade garments (RMG) companies in the country started using bKash's digital payroll solution to disburse salaries and allowances to their workers. With this latest addition, more than 1,100 factories are disbursing salaries and allowances to over a...

Unilever appoints Durdana Kabir as HR Director

2023-09-25 00:00:00

Unilever Bangladesh Limited (UBL), the country's leading Fast-Moving Consumer Goods (FMCG) company, has appointed Syeda Durdana Kabir as its new Human Resources (HR) Director.With this appointment, Durdana has joined the Management Committee of Unilever Bangladesh and South Asia HR Leadership...

Saudi companies want to invest in Bangladesh: Ambassador

2023-09-25 00:00:00

Ambassador of the Kingdom of Saudi Arabia Essa bin Yousef Al Duhailan has said Bangladesh is an emerging economic power in Southeast Asia and that his country is keen to invest in various sectors of Bangladesh, reports BSS."Many renowned Saudi...

Chinese company to invest $23.15m in Uttara EPZ

2023-09-25 00:00:00

Bangladesh Boyang Textile Co. Ltd., a Chinese company, is going to set up a textile and home textile manufacturing industry in Uttara EPZ with an investment of US$ 23.15 million, reports BSS.Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement...

Shopowners' Assoc seeks removal of CMSME loan supervision fee

2023-09-25 00:00:00

Bangladesh Dokan Malik Samity, an association of shopowners, has demanded withdrawal of 1.0 per cent supervision charge associated with CMSME loans, reports UNB.The association leaders placed the demand at a press conference held at its office in Dhaka on Sunday.In...

Govt appoints administrator to hold BGAPMEA election

FE REPORT | 2023-09-25 00:00:00

The government has appointed an administrator at the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) for six months to hold the election of its executive committee within a set timeframe. According to an office order issued on...

Chinese travel demand back, Europe set to gain

2023-09-25 00:00:00

BERLIN, Sept 24 (Reuters): Demand for foreign travel in China has reached its highest level in two years, the organisers of the ITB travel conference said, citing a survey in which some 80 per cent of respondents said they planned...

Swiss gold exports up in August

2023-09-25 00:00:00

LONDON, Sept 24 (Reuters): Swiss gold exports rose by 7.3 per cent in August from July as higher deliveries to India and China offset lower supplies to Turkey, customs data showed on Tuesday.Switzerland is the world's biggest bullion refining and...

Brunei's Gallop Air places $2b order for China-made aircraft

2023-09-25 00:00:00

BANDAR SERI BEGAWAN/SHANGHAI, Sept 24 (Reuters): GallopAir, a new Brunei-based airline, plans to buy 30 aircraft from Chinese planemaker Commercial Aircraft Corporation of China (COMAC), which will include the first overseas purchases of the state-backed firm's narrow-body C919 jet.GallopAir said...

Olive oil prices surge over 100pc to record highs

2023-09-25 00:00:00

Olive oil prices spiked to fresh records as severe droughts in major producing countries crimp supplies -- and drive up thefts in cooking oil, reports CNBC.Global prices for olive oil surged to $8,900 per tonne in September, driven by "extremely...

Egypt in talks for Emirati funding to buy Kazakh wheat

2023-09-25 00:00:00

Egypt is in talks with Abu Dhabi Commercial Bank (ADCB) for a loan facility that would finance wheat purchases from Kazakhstan, according to Egypt's Supply Minister on Sunday, reports Reuters.The move could give Egypt a cheap alternative to grain from...

Three killed in targeted attack in US

2023-09-25 00:00:00

WASHINGTON, Sept 24 (Xinhua): Three people were shot dead in a targeted attack in Atlanta, the southeastern US state of Georgia, on Saturday afternoon, said local police.Officers responded to a call reporting that someone had been shot in the city's...

Italy criticises Germany for funding migrant charity groups

2023-09-25 00:00:00

ROME, Sept 24 (Reuters): A German plan to finance charities helping migrants in the Mediterranean causes difficulties for Italy, defence minister Guido Crosetto said on Sunday, as Rome tries to enforce tougher measures to stem the flow of sea arrivals.Following...