NEW YORK, June 06 (Reuters): The US Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft (MSFT.O), opens new tab, OpenAI and Nvidia play...
Finance Minister A H Mahmood Ali said the government will introduce a credit scoring system utilizing artificial intelligence (AI) and machine learning technology to facilitate loan services from these digital banks."A credit scoring system utilizing artificial intelligence and machine learning...
Agriculture Minister Dr. Md. Abdus Shahid goes round different stalls after inaugurating the three-day fruit fair at KIB of Khamarbari in the city's Farmgate area on Thursday. State Minister for Commerce Ahsanul Islam Titu was also present. They also attended...
Social Islami Bank distributed agricultural investment among marginal farmers in Satkhira at an event organised by Satkhira Branch on Thursday. Zafar Alam, Managing Director & CEO, presided over the programme while SM Hasan Reza, Executive Director of Bangladesh Bank, was...
Southeast Bank Training Institute successfully organised a five-day Foundation Training Course for its newly appointed 37 Trainee Assistant Officer (Cash) recently. Nuruddin Md. Sadeque Hossain, Managing Director of the bank, was present at the training programme.
Mutual Trust Bank PLC celebrated the World Environment Day 2024 in collaboration with C3ER of BRAC University on Wednesday. They jointly organised various programmes such as project idea pitching, quiz café, exhibition of photos, art, and green products. The event...
NAZIMUDDIN SHYAMOL | 2024-06-07 00:00:00
CHATTOGRAM, June 06: Both the Chittagong Chamber of Commerce and Industry (CCCI) and the Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) welcomed the proposed budget for the next fiscal year, praising its "pro-people and business-friendly".The Chittagong chamber appreciated the...
FE REPORT | 2024-06-07 00:00:00
Finance minister Abul Hassan Mahmood Ali on Thursday proposed increasing the minimum value of certain imported products, including printed cotton and synthetic fabrics, to safeguard the local industry.In the proposed budget for fiscal year 2024-25, he suggested raising the value...
FE REPORT | 2024-06-07 00:00:00
The American Chamber of Commerce in Bangladesh (AmCham) has said it believes budget execution is what matters in the end and should be measured for quantity and quality.Responding to the proposed budget for the fiscal year 2024-25, the bilateral chamber...
YASIR WARDAD | 2024-06-07 00:00:00
After sourcing 3.18 million tonnes of food grain for public food warehouses in the outgoing financial year, the government has downsized its target of procurement in the national budget for FY'25 -- 2.98 million tonnes of staples.Allocation for food procurement...
Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at most places over Rangpur, Mymensingh, Sylhet, Rajshahi, Dhaka and Barishal divisions in the next 24 hours from 06:00 am today (Friday), according to the Met...
FE REPORT | 2024-06-07 00:00:00
The use of mobile phones is going to be more expensive due to a 5 per cent increase in supplementary duty on phone usage in the proposed budget for 2024-2025.The proposed budget also includes a Tk 100 increase in SIM...
JUBAIR HASAN | 2024-06-07 00:00:00
Banks' non-performing loan (NPL) buildup ballooned over 25 per cent to a record-high of over Tk 1.82 trillion at the end of March (Q1) this year over December 2023, sources at Bangladesh Bank (BB) said. Bankers and economists said pressure...
FE REPORT | 2024-06-07 00:00:00
The Dhaka Chamber of Commerce and Industry (DCCI) believes the proposed budget's 6.75 per cent GDP growth target for FY25 is "achievable". To attain it, DCCI President Ashraf Ahmed advocated for overcoming the liquidity crisis and navigating global economic uncertainties."Reaching...
FE Report | 2024-06-07 00:00:00
Welcoming the proposed budget for FY 2024-25, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mahbubul Alam described it as "rational, realistic and achievable"."While past budgets have seen increases of 10 to 12 per cent, this budget is...
FE REPORT | 2024-06-07 00:00:00
Bangladesh sets sights on a 6.75-percent economic growth in the next financial year basically by boosting domestic production of agricultural and industrial sectors with continued support assured in the new national budget.Presenting the budget for the fiscal year (FY) 2024-25...
SYFUL ISLAM | 2024-06-07 00:00:00
Economists find the absence of "bold actions" in the proposed fiscal budget to tackle the challenges the economy has been facing for quite a long period.They see a lack of proper steps to manage inflation and bigger deficit in budget,...
FE REPORT | 2024-06-07 00:00:00
In the national budget, the government has proposed changes to duties that will affect the prices of essential products. Here are the anticipated changes in the prices of various products.Prices THAT may go up:Ice cream and carbonated beverages: The prices...
Prime Minister Sheikh Hasina and Finance Minister Abul Hassan Mahmood Ali enter the parliament on Thursday to present the national budget for the upcoming fiscal year of 2024-25. — PID
FE REPORT | 2024-06-07 00:00:00
A Dhaka court on Thursday allowed a petition, filed by the Anti-Corruption Commission (ACC), seeking appointment of administrators (receivers) to look after the immovable properties of former Inspector General of Police (IGP) Benazir Ahmed and his family members. The ACC...
President Mohammed Shahabuddin has witnessed the presentation of the proposed national budget for 2024-25 fiscal year from the 'President Box' in the Jatiya Sangsad (JS).The Head of the State was accompanied by his spouse Dr Rebeka Sultana in the parliament...
FE REPORT | 2024-06-07 00:00:00
Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Alamgir said on Thursday that the proposed budget for the fiscal year (FY) 2024-2025 would put more burdens on the common people. Mirza Fakhrul Islam made the comment in an instant...
The historic Six-Point Day, marking the demand for autonomy for the then East Pakistan, now Bangladesh, will be observed today (Friday) across the country, reports BSS.To mark the day, different socio-political organisations, including ruling Awami League, its associate bodies and...
Prime Minister (PM) Sheikh Hasina is scheduled to leave for New Delhi tomorrow (Saturday) to attend her Indian counterpart Narendra Modi's swearing-in ceremony at his invitation, reports UNB.PM's speechwriter, M Nazrul Islam, confirmed her joining in the swearing-in ceremony scheduled...
The proposed budget for the fiscal year 2024-2025 is realistic and pro-people, said Awami League General Secretary Obaidul Quader on Thursday, report agencies."At the time of the current global crisis, a pro-people budget has been proposed. This budget has been...
DOULOT AKTER MALA | 2024-06-07 00:00:00
Now corporate taxpayers are free to show their undeclared assets, for the first time, from July 1 as the government offers blanket whitening of 'black money' in the new budget. Pay 15-percent tax and bring out the hidden untaxed money...
FE REPORT | 2024-06-07 00:00:00
The government has set a target to bring down inflation in the next fiscal year to 6.5 per cent from the existing annual average of 9.73 per cent.Finance Minister Abul Hassan Mahmood Ali expected to tame inflation riding on the...
JASIM UDDIN HAROON | 2024-06-07 00:00:00
A modestly incremental annual budget of Tk 7.97 trillion for Bangladesh runs in right direction to contain inflation but targeted higher borrowing and taxes on some goods may keep the inflationary pressure on the economy prevalent.Economists think the higher bank...
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