LONDON, Sept 1 (AFP): Global stock markets sank Thursday, propelled by rampant inflation and growing recession fears.Frankfurt, London and Paris equities each slid about 1.5 percent, while oil prices tumbled on demand worries.That followed losses across Asia as investors braced...
Change of AGM timeExpress Insurance Limited: The company informed that the 22nd AGM of the company will be held on September 01, 2022 at 11:00 AM instead of earlier declared time at 11.30 AM. Other information of the AGM will...
TOKYO, Sep 1 (Reuters): A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that...
LONDON/TOKYO, Sept 01 (Reuters): Global factory activity slumped in August as Russia's war in Ukraine and China's zero Covid-19 curbs continued to hurt businesses, surveys showed on Thursday, although there were indications cost pressures were starting to ease.Manufacturing activity was...
HONOLULU, Sept 01 (AP): The last bits of ash and greenhouse gases from Hawaii's only remaining coal-fired power plant slipped into the environment this week when the state's dirtiest source of electricity burned its final pieces of fuel.The last coal...
NEW YORK, Sept 01 (Reuters): Chip designer Nvidia Corp said on Wednesday that US officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry...
BRUSSELS, Sept 01 (Reuters): Amazon and Alphabet unit Google criticised Microsoft's cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival cloud service providers.The US software giant on Monday announced amended licensing deals and...
Global Islami Bank signed an agreement with Bangladesh Bank (BB) to provide investment under refinancing facilities for cottage, micro, small and medium enterprises (CMSMEs) recently. The bank has become a participating financial institution of BB under the 'Refinance Scheme against...
NRBC Bank published a special edition of 'PLANET' magazine on Tuesday marking National Mourning Day. President of Bangabandhu Parishad of USA Dr Nuran Nabi unveiled this special edition of PLANET while SM Parvez Tamal, chairman of the bank presided over...
Bangladesh Development Bank Limited (BDBL) and Bank Asia Limited signed an agreement to provide remittance service as sub-agent of Western Union. Kazi Alamgir, managing director and CEO of BDBL and Areef Billah Adil Chowdhury, president and managing director (CC) of...
Rajshahi Zone of Islami Bank Bangladesh Limited organised a webinar on 'Compliance of Shari'ah in Banking Operations' recently on a virtual platform. Professor Dr Mohammad Saleh Jahur, Director of the bank, addressed the webinar as the chief guest while Md...
Midland Bank Limited (MDB) has recently signed a memorandum of understanding with UPAY, a leading mobile financial service provider in Bangladesh. Md Ahsan-uz Zaman, MD & CEO of Midland Bank, and Rezaul Hossain, MD & CEO of UPAY, signed the...
The half-yearly Business Review Meeting-2022 of National Bank limited was held at the National Bank Training Institute on Thursday. Md Mehmood Husain, Managing Director and CEO of the bank, presided over the meeting attended by the managers of all corporate...
Shimanto Bank Ltd. celebrated its 6th anniversary with a programme at its head office in Dhaka on Thursday, says a statement. On September 1 in 2016, Shimanto Bank was officially inaugurated by Prime Minister Sheikh Hasina. In the past six...
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought the support of the Netherlands through the extension of the transition period for Bangladesh's smooth LDC graduation, reports UNB.BGMEA President Faruque Hassan met with Birgitta Tazelaar, deputy director general for...
FE REPORT | 2022-09-02 00:00:00
Olympic Industries, a listed company, has taken a set of decisions, including imports of machinery, to boost its production capacity as the demand for its products is on the rise.The company will import production line accessories to increase the production...
FE REPORT | 2022-09-02 00:00:00
The board of directors of Nahee Aluminum Composite Panel has decided to invest Tk 270 million in a project to manufacture five types of products. The five products are cross tee, main tee, wall angle, runner for aluminum ceiling and...
FE REPORT | 2022-09-02 00:00:00
The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 'psychological' threshold of 6,500 mark on Thursday after nearly four months as buoyant investors continued their buying spree on stocks amid high expectations. The market opened higher and the...
COLOMBO, Sept 01 (AP): The International Monetary Fund (IMF) said Thursday it has reached a staff-level agreement with Sri Lanka to provide $2.9 billion over four years to help salvage the country from its economic crisis.An IMF team visiting Sri...
Commercial Bank of Ceylon PLC recently signed an agreement with Walcart Limited to offer 'Zero Interest' EMI facility on COMBANK credit cards. On behalf of their respective companies, the agreement was signed by Chief Operating Officer of Commercial Bank of...
Ziaul Hasan Siddiqui joined as chairman of Sonali Bank Limited for the second time on Wednesday. After joining, Mr Siddiqui along with directors, CEO and managing director and senior executives of the bank paid homage to Bangabandhu Sheikh Mujibur Rahman...
The board of directors of Global Insurance Limited (GIL) in its recent board meeting unanimously re-elected Sayeed Ahmed as the chairman and Shawket Reza as the vice chairman of the company, according to a statement. Sayeed Ahmed, a promising entrepreneur...
The Board of Directors of NCC Bank Ltd. has re-elected Md Abul Bashar as Chairman and Sohela Hossain was elected as Vice Chairman of the bank on Thursday, says a press release.Chairman Md. Abul Bashar is highly organized, dedicated, versatile...
The board of directors of Industrial and Infrastructure Development Finance Company (IIDFC) Limited has elected Syed Mahbubur Rahman, managing director and chief executive officer of Mutual Trust Bank Limited, as its chairman for the years 2022 and 2023, says a...
SMAC HRS Limited, a concern of Snehasish Mahmud & Co. Chartered Accountants, launched its office on Thursday in Chattogram to provide various services to the clients, reports BSS.The launching of the office was held at a function in the port...
A joint cooperation aimed at investing six million Euros to develop sustainable growth of Bangladesh's aquaculture sector has formally been launched, says a press release. The agreement was signed at the head office of Aftab Bahumukhi Farms at Banani in...
FE REPORT | 2022-09-02 00:00:00
Prices of rice will come down soon as the government has launched the Open Market Sale (OMS) and the Food Friendly programmes, said Food Minister Sadhan Chandra Majumder in the city Thursday. He was speaking with journalists while inaugurating the...
FE REPORT | 2022-09-02 00:00:00
The country's apex trade body has sought cooperation from the Japan International Cooperation Agency (JICA) in establishing lab facilities at land, sea and international airports of the country.Senior Vice-President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)...
FE REPORT | 2022-09-02 00:00:00
Bangladeshis are living in peace and happiness, but some people cannot tolerate it, Local Government and Rural Development (LGRD) Minister Tajul Islam said on Thursday.There are people who try to pinpoint the issue of local currency depreciation and price hike...
PARIS/SINGAPORE, Sept 1 (Reuters): Chicago corn, wheat and soybeans slid on Thursday, as mounting concerns about a global economic slowdown pressured commodity markets, although losses were limited by hot weather conditions curbing U.S. and European crop prospects.The most-active corn contract...
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