JUBAIR HASAN | 2025-10-14 00:00:00
Conventional banks go jockeying to seize switching clientele through unconventional Islamic-banking operations as a vast market emerges as spinoffs from merger of five financially weakened shariah-based lenders, sources say.The readied merger of the five unconventional banks under reform recipes pursued...
SINGAPORE, Oct 13 (Reuters): A record number of Chinese restaurants and cafes have flooded Singapore over the past year, using the island as a test bed for global expansion as they escape pallid consumer demand, extreme price competition and super-squeezed...
Al Arafah Islami Bank, a leading Sharia-compliant bank, has signed a Memorandum of Understanding (MoU) with ACI Godrej Agrovet Private Limited. Under the agreement, ACI Godrej will collect sales prices from its distributors through the bank's branches, sub-branches and other...
World Standards Day will be observed in Bangladesh on Tuesday, in line with the global initiative to raise awareness about the importance of quality in products and services.The theme of this year's World Standards Day is "A Shared Vision for...
FE REPORT | 2025-10-14 00:00:00
A staggering 56 percent of the small-scale fishermen remain excluded from the government aid during the ban on fishing forcing 70 percent of them to take informal and exploitative loans, said a new study on Monday.The situation often compels members...
Prime Bank PLC has entered into a strategic partnership with Anwar Landmark Limited, a reputed real estate developer, to offer exclusive discounts on flat purchases for its valued customers. A formal signing ceremony marking this collaboration was held at Prime...
FE REPORT | 2025-10-14 00:00:00
The government has officially declared the Cox's Bazar Airport an international airport through a gazette notification issued by the Ministry of Civil Aviation and Tourism (MoCAT).According to the notification issued on Sunday night, the declaration was made under Sub-rule (1)...
YASIR WARDAD | 2025-10-14 00:00:00
The country's edible oil refiners on Monday increased the retail price of bottled soybean oil by Tk 6.0 per litre, setting the new rate at Tk 195. Prices for loose soybean oil and palm oil have also risen by Tk...
WASHINGTON, Oct 13 (Reuters): Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults - until the US-China trade war erupted again with the US president...
SEOUL, Oct 13 (Reuters): Samsung Electronics is expected to post its highest third-quarter profit since 2022, driven by higher memory chip prices supported by server demand as customers rebuild inventories, analysts' estimates showed.The world's biggest maker of memory chips is...
NEW YORK, Oct 13 (Reuters): Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shakeups and a sluggish start to 2025 drove them to seek new opportunities, according to...
NEW YORK, Oct 13 (Reuters): JPMorgan Chase on Monday unveiled a plan to hire more bankers and invest up to $10 billion in US companies considered critical to US national security and economic resilience.The move is part of a broader...
HONG KONG, Oct 13 (AFP): Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.However, the losses were tempered slightly by...
Rupali Bank PLC launched a 75-day Business Crash Programme on Sunday, with a special focus on opening new accounts, collecting deposits, disbursing CMSME loans, recovering classified loans, and rescheduling classified loans. Managing Director Md Wahidul Islam inaugurated the campaign at...
A meeting of the board of directors of Islami Bank Bangladesh PLC was held at the Islami Bank Tower in the city on Monday. Chairman of the bank Prof Dr M Zubaidur Rahman presided over the meeting. The board decided...
The 90th meeting of the Board of Directors of Modhumoti Bank PLC was held on Monday. Humayun Kabir, Chairman of the Board of Directors, presided over the meeting. Members of the Board Mohammad Ismail Hossain, Nemai Kumar Saha, Salahuddin Alamgir,...
BRAC Bank inaugurated a branch at Nikunja in the capital to provide the best services and a delightful banking experience to its customers. BRAC Bank's Managing Director & CEO Tareq Refat Ullah Khan formally inaugurated the branch at Asian Tower...
Southeast Bank formally launched nine agent banking outlets - "Shagotom" to facilitate the people outside the formal banking system across the country, especially in the rural and semi-urban areas in Feni, Tangail, Cumilla, Noakhali, Dhaka & Manikganj. Abidur Rahman Chowdhury,...
DBL Ceramics has launched an innovative sustainability initiative, TileChalk, transforming previously unusable residue sludge from its ceramic manufacturing process into classroom chalk for underserved schools across Bangladesh.Once the primary writing tool in classrooms, traditional chalk has been largely replaced by...
The Maheshkhali Integrated Development Authority (MIDA) has identified deep-sea fishing and blue economy expansion as the new frontier for Maheshkhali's transformation, placing the sector alongside industrialisation, energy hub development, and deep-sea port as its fourth strategic pillar, reports UNB.The decision...
FE REPORT | 2025-10-14 00:00:00
Bangladesh Lamps, widely known as BD Lamps, cut its losses by 79 per cent year-on-year to Tk 12.5 million in the first quarter through September, driven by higher sales.The electric bulb and energy-saving light manufacturer saw its overall sales rise...
FE REPORT | 2025-10-14 00:00:00
A government announcement concerning shareholders of the five troubled Islamic banks being merged has raised hopes among general shareholders."The matter of protecting investors' interests is being carefully examined in the merger process," reads an official statement issued by the Ministry...
FE REPORT | 2025-10-14 00:00:00
JMI Hospital Requisite Manufacturing has approved a further investment of Tk 115 million in its newly inaugurated subsidiary - JMI Specialized Hospital.The leading medical device manufacturer and flagship company of JMI Group will purchase machinery and provide working capital to...
GENEVA, Oct 13 (AFP): The World Health Organisation (WHO) sounded the alarm Monday over soaring numbers of drug-resistant bacterial infections, compromising the effectiveness of life-saving treatments and rendering minor injuries and common infections potentially deadly.The United Nations' health agency warned...
MADRID, Oct 13 (AFP): Floods trapped people in vehicles and homes in Spain on Sunday as torrential rain drenched the northeastern Catalonia region.Local media shared videos of roaring torrents of brown water tearing through streets and submerging vehicles.National weather agency...
MANILA, Oct 13 (AFP): A moderately strong earthquake struck the central Philippine island of Cebu Monday, injuring at least 14 people and damaging infrastructure already weakened by a deadly tremor two weeks earlier, officials said.The magnitude 5.7 aftershock, recorded by...
JOHANNESBURG, Oct 13 (AFP): A passenger bus rolled down an embankment in South Africa, killing at least 42 people including workers from Malawi and Zimbabwe, authorities said Monday.The bus was travelling to Zimbabwe when it crashed around 90 kilometres (55...
WASHINGTON, Oct 13 (Reuters): US President Donald Trump said on Sunday he may offer long-range Tomahawk missiles that could be used by Kyiv if Russian President Vladimir Putin does not end the war in Ukraine.Trump told reporters aboard Air Force...
WEST BANK, Oct 13 (AP/AFP): Palestinians celebrated on Monday as Israel began releasing nearly 2,000 Palestinians from prison in exchange for Hamas's freeing of Israeli hostages under a breakthrough ceasefire deal in Gaza.Hundreds cheered as two buses carrying dozens of...
Rangpur Division secured a eight-wicket win over Khulna Division to retain the NCL T20 trophy at Sylhet International Cricket Stadium on Sunday, reports BSS.Having won the game effortlessly, Rangpur now secured the title of all two editions of NCL T20...
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