FE REPORT | 2024-06-11 00:00:00
Elevate Pay, a financial technology (fintech) player based in London and Dubai, secured $5 million for expanding the market further into South Asia including Bangladesh, said company source.This move is expected to provide financial solution to the freelancers and remote...
BENGALURU, June 10 (Reuters): India's mutual fund assets rose to 58.6 trillion rupees ($701.90 billion) in May, inching closer to adding 10 trillion rupees in less than a year, the fastest rise on record, data showed on Monday.While the fund...
Eastern Bank (EBL) has launched co-brand credit cards for the members and staff of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). The cards were launched at an event held at EBL head office in Gulshan which was attended by Mohammad...
Mutual Trust Bank (MTB) announces a transformative collaboration with the leading telecom operator Grameenphone. This partnership heralds the dawn of Banking as a Service (BaaS) with the launch of credit card lead generation application services through MyGP app. The launch...
ICC Bangladesh organised a day-long workshop on export operations, back-to-back LC mechanism and challenges of export finance in Dhaka recently. ICCB Vice President & CEO of Standard Chartered Bank Naser Ezaz Bijoy (2nd from right) attended as chief guest and...
LONDON, June 10 (AFP) : European markets sank with the euro on Monday after a win for far-right parties in EU elections and French President Emmanuel Macron's decision to call a snap parliamentary poll fuelled uncertainty in the bloc.The losses...
MOHAMMAD MUFAZZAL | 2024-06-11 00:00:00
Zahirul Islam (not the real name) gave Tk 2 million to Midway Securities on Sunday to buy Treasury bonds from the auction scheduled for Tuesday.He had liquidated his entire equity holdings at a loss of Tk 0.6 million to take...
Farhan Fardaus and Babul Barman | 2024-06-11 00:00:00
Investors have turned their back on the stock market. It is not just tax measures in the proposed budget or macroeconomic indicators, such as high inflation and depletion of foreign exchange reserves, which are driving out money from stocks. A...
ISLAMABAD, June 10 (Reuters): Pakistan's central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a...
Meghna Bank PLC opened its 53rd branch at Nanupur, Fatikchhari in Chattogram recently. Kazi Ahsan Khalil, Managing Director & CEO of the bank, along with Kimiwa Saddat, Deputy Managing Director, and other Senior Executives of the bank, inaugurated the Branch.
AB Bank PLC has initiated cent percent cashless transaction coverage at Patgati Bazar, Tungipara. Tarique Afzal, Managing Director of AB Bank, along with Sheikh Tozammel Haque Tutul, Mayor, Tungipara Municipality, and Babul Sheikh, Tungipara Upazila Chairman, launched this cashless transaction...
PRAN, one of the biggest agro-processors in the country, has started its annual mango collection and pulping activities to produce mango drink, juice, mango bars and other food items, says a press release.This year, PRAN has started collecting and pulping...
Bangladesh Small and Cottage Industries Corporation (BSCIC) organised a discussion titled 'The role of BSCIC in implementing Vision 2041' and a 'Handicrafts Award 1430' ceremony at a city hotel on Monday. Industries Minister Nurul Majid Mahmud Humayun was present as...
FE REPORT | 2024-06-11 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demanded on Monday that the government should ensure smooth supply of electricity and gas for the sake of uninterrupted operation of the industries.The apex trade body made the demand at...
NAZIMUDDIN SHYAMOL | 2024-06-11 00:00:00
CHATTOGRAM, June 10: The long-awaited Patenga Container Terminal (PCT) of Chittagong Port started its operation under the management of Saudi company 'Red Sea Gateway Terminal' (RSGT) on Monday.MV Maersk Davao, a Singapore-flagged container vessel, first berthed at the jetty of...
FE REPORT | 2024-06-11 00:00:00
The Foreign Investors' Chamber of Commerce and Industry (FICCI) says that Bangladesh's "unpredictable, inconsistent and unstable tax policies" could deter foreign direct investment (FDI) into the country."The government facilitated the establishment of 100 economic zones (EZs) for private sector industries,"...
JASHORE, June 10 (UNB): Two people were killed another was injured when a truck ploughed through a shop on Rajarhat-Chuknagar road at Badhaghat in Manirampur upazila of Jashore district on Monday.The deceased were identified as Abdur Rahman, 82, son of...
OUR CORRESPONDENT | 2024-06-11 00:00:00
SYLHET, June 10: The life-saving project for setting up 370 lightning arrester poles on the lightning-prone region in Sylhet division has not seen any light yet due to bureaucratic tangles.The Bangladesh Water Development Board (BWDB) has undertaken the project involving...
A CORRESPONDENT | 2024-06-11 00:00:00
RAJSHAHI UNIVERSITY, June 10: Rajshahi University (RU) killing field (Boddhobhumi), located on the eastern side of the university, is a witness to the brutal torture unleashed on the Bengalis by the Pakistani occupation forces during the 1971 Liberation War.The monument...
Entrepreneurs and businessmen are both essential parts of the business world, each with a different thought process. They create two distinct but significant values in the market. Entrepreneurs are more likely involved in innovation by creating new business ideas. They...
Investments in Bangladeshi startups fell substantially in the first quarter of 2024, down 70 per cent from the previous quarter and 82 per cent from the same period last year. Only four startups received venture capital funding, marking a considerable...
Syed Fattahul Alim | 2024-06-11 00:00:00
After witnessing the destructive power of nuclear bombs that the USA dropped on Japanese cities of Hiroshima (August 6, 1945) and Nagasaki (August 9, 1945) at the end of the World War II, the world came up with a deadly...
Zahid Huq | 2024-06-11 00:00:00
The main index of the Dhaka Stock Exchange (DSE) shed 66 points to reach its 39-month low last Sunday, the first day after the presentation of the national budget for fiscal 2024-25 by Finance Minister Abul Hassan Mahmood Ali. Such...
It is common knowledge that street food is risky but few people are aware of the risks posed by salad restaurants, including even 3-star or 5-star, serve. Also how much risky these food items are is little known. A research...
Air pollution linked to 135mpremature deaths worldwideSINGAPORE, June 10: Pollution from man-made emissions and other sources like wildfires have been linked to around 135 million premature deaths worldwide between 1980 and 2020, a Singapore university said Monday. Weather phenomena like...
ISLAMABAD, June 10 (AFP): Pakistan's Prime Minister Shehbaz Sharif on Monday offered a brief congratulations to his counterpart Narendra Modi on his re-election in rival India, almost a week after the results came in.Born out of the partition of British-ruled...
PARIS, June 10 (BBC): President Emmanuel Macron has called snap parliamentary elections later this month in the wake of a big victory for his rival Marine Le Pen's National Rally in the European Parliament vote.The far-right party is on course...
GAZA, June 10 (Reuters/AFP): A senior Hamas official urged the United States on Monday to pressure Israel to end the war in Gaza, ahead of the planned visit on Monday by the US Secretary of State Antony Blinken to the...
REASI, June 10 (BBC): Nine people have died and 33 injured after suspected militants fired on a bus carrying Hindu pilgrims in the Indian federal territory of Jammu and Kashmir, police officials said.Officials had initially said after the incident on...
LONDON, June 10 (Reuters): Copper recovered from five-week lows on Monday, bouncing from initial declines as market focus shifted to improving fundamentals.Benchmark copper on the London Metal Exchange (LME) was up 0.6 per cent at $9,819 a metric ton by...
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