Awami League (AL) General Secretary Obaidul Quader has said the party does not want uncontested elections, reports BSS.He also said the party wants competitive election with participation of all political parties. "The Awami League never wants to score goals on...
Accusing the government of shrinking the democratic space for political parties, BNP Secretary General Mirza Fakhrul Islam Alamgir has expressed the hope that democracy will be restored this time with the united efforts of the people, reports UNB."Political parties are...
LONDON, July 17 (AFP): The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades.The European single currency sank...
July 16 (Reuters): Starbucks Corp is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on Saturday that the coffee chain is exploring a sale of the...
KARBALA (Iraq), July 17 (AFP): Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the central city of Karbala and into the horizon.Iraq's prized trees are central to a push...
DAKAR, July 17 (AFP): The UN's trade body said recently African economies were vulnerable to a triple shock as it urged governments to pave the way for tech startups that would ease dependence on commodities."A recent analysis by the UN...
NEW DELHI: Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 10 billion through an initial public offering (IPO), according to NDTV.The IPO will comprise a fresh issue of equity shares...
US equity funds witnessed outflows for the third week in a row in the week ended July 13, on pessimism over economic growth and earnings outlook as companies are hit by higher borrowing costs and lower margins, reports Reuters.According to...
Saudi Arabia's sovereign wealth fund will become the second-largest shareholder of Aston Martin with a nearly 17 percent stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said on Friday,...
A B M Mokammel Hoque Chowdhury, Managing Director& CEO of Union Bank Limited, inaugurated Mahiganj Sub-Branch, Rangpur, Rayer Bazar Sub-Branch, Dhaka, Zero Point Sub-Branch, Khulna and Gopalganj Bazar Sub-Branch, Dinajpur as the chief guest through a videoconference from Head Office,...
The 24th Annual General Meeting (AGM) of Union Capital Limited (UCL) was held on Sunday on a digital platform. Chairman of UCL, Chowdhury Tanzim Karim presided over the meeting while Managing Director& CEO (current charge) A.N.M. Golam Shabbir was present.
Social Islami Bank Limited (SIBL) arranged a day-long half-yearly Business Conference-2022 on Saturday. The conference was presided over by Zafar Alam, Managing Director & CEO of Social Islami Bank. Abu Reza Md. Yeahia, Additional Managing Director, Md. Shamsul Hoque and...
Disbursement of dividendContinental Insurance Ltd: The company has disbursed cash dividend for the year ended on 31 December 2021 to the respective shareholders.Board meetingsTakaful Islami Insurance Limited: A board meeting of the company will be held on July 23, 2022...
Bangladesh House Building Finance Corpo-ration (BHBFC) set records in achieving or exceeding its targets in the fiscal year (FY) 2021-22. The organisation performed excellently well also in the fiscal year 2020-21. The state-owned institution providing home loans and investment across...
Even though the rainy season has come, people of the whole country including the residents of the capital are sweating profusely in this blazing hot weather. For the intense heat, demand for ACs increases in summer as well. Despite the...
Gopalganj Municipality Mayor Sheikh Rakib Hossain visited the Milk Vita head office after his swearing-in ceremony on Sunday.Milk Vita Chairman Sheikh Nadir Hossain Lipu received and greeted the newly-elected mayor. The newly-elected councillors of the municipality also accompanied him.Earlier Dhaka...
BRAC Bank has recently organised an 'UthanBoithak', a knowledge-sharing engagement, for Munda people, an ethnic population living on the fringes of the Sundarbans. This community is detached from any formal banking or financial services. Field officers of Koyra Agent Banking...
Mr. Abdul Hamid FCA joined Prime Insurance Company Limited (PICL) recently as Chief Executive Officer, said a statement. Before joining Prime Insurance Company Limited, he served as the Additional Managing Director at Eastland Insurance Company Limited and Meghna Insurance Company...
Despite an improvement in payment the government still owes $1.5 billion to the private power plant operators for purchase of electricity, according to official sources, reports UNB. The sources confirmed this week that the state-owned Bangladesh Power Development Board (BPDB),...
FE REPORT | 2022-07-18 00:00:00
A commissioner of Bangladesh Securities and Exchange Commission Sunday said mutual funds play an important role in the stock market. But in the last 10 years, mutual funds have failed to meet the investors' expectations.Dr. Mizanur Rahman, commissioner of BSEC...
FE REPORT | 2022-07-18 00:00:00
The stock market ended lower for the fourth straight session Sunday, after Eid vacation, as prolonged bearish sentiment kept investors shaky to pour funds in stocks amid growing macroeconomic worries.The market index rose about 19 points soon after the trading...
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues, reports...
JOHANNESBURG, July 17 (AFP): South Africans' annoyance at power cuts has given way to worry, with business owners complaining that the prolonged energy crisis for which no end is in sight is eating into profits and hobbling economic activity.At Native...
The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by US President Joe Biden, Saudi state TV al-Ekhbariya reported, reports Reuters.The agreements include deals with US aerospace and...
NEW YORK, July 17 (AFP): The pandemic has not fundamentally altered the longterm growth outlook for commercial aviation, with an 82 per cent increase in jets seen through 2041, according to a Boeing forecast released Saturday.The company projected a total...
Sonali Bank Limited CEO and Managing Director Md. Ataur Rahman Prodhan congratulates Fatima Yasmin, Senior Secretary, with a bouquet on her appointment as Senior Secretary of Finance Division, Finance Ministry. Among others, Secretary of Financial Institutions Division Sheikh Mohammad Salim...
ISLAMABAD: The federal government has decided to sell 120,000 MT of wheat to United Nations World Food Programme (WFP) for Afghanistan at full import cost in US dollars instead of Pak rupee or any other currency, sources in Ministry of...
China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday, reports Reuters.China's economy grew just...
Pakistan is likely to get $4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, the country's finance minister said, two days after sealing a deal with the lender, reports...
Phoenix, USA, July 17 (AP): Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.With gas prices soaring along with grocery costs, many people are seeking...
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