Bangladesh Energy Regulatory Commission has directed state-owned Petrobangla to return Tk 122 billion (12,227.44 crore) to its two original funds-the energy security fund (ESF) and the Gas Development Fund (GDF), reports UNB.The energy regulator's latest directive which came as the...
FE REPORT | 2022-07-01 00:00:00
Land services will be made much easier and investment-friendly aiming to improve 'ease of doing business' in the country, said Land Minister Saifuzzaman Chowdhury on Thursday in the city. He was addressing as the chief guest the signing ceremony of...
FE Report | 2022-07-01 00:00:00
The government has approved the Digital Business Identification (DBID) registration guidelines 2022.The Digital Commerce Cell (DCC) under the commerce ministry issued a circular on Wednesday in this regard.The cell has already sent the circular to the Bangladesh Government Press for...
On the occasion of the upcoming Eid-ul-Azha, the government has urged all to follow the following instructions for proper management of the cattle markets (haats), reports BSS.Adequate open space should be selected for setting up the sacrificial cattle market (haat)...
FE Report | 2022-07-01 00:00:00
A new data platform, namely 'Open Supply (OS) Hub', was launched Tuesday to improve insights about production facilities and global supply chains, according to a statement.The open data platform for mapping global supply chains will provide stakeholders with standardised data...
German Business Council (GBC) arranged a seminar in Dhaka recently on the national budget of Bangladesh FY 2022-23. Dr. Fahmida Khatun (Executive Director, CPD) and Dr. Zahid Hussain (former lead economist, World Bank) attended the seminar as speakers. Achim Tröster,...
The Annual Performance Agreement (APA) for the Fiscal Year 2022-23 was signed between the Financial Institutions Division of the Ministry of Finance and the Investment Corporation of Bangladesh (ICB) at a signing ceremony held at the conference room of the...
Mr. M. Kamal Hossain, Managing Director of Southeast Bank Limited, receiving an award from Mr. Fazle Kabir, Governor, Bangladesh Bank, for "Sustainable Rating 2021" at a ceremony organised by Bangladesh Bank as one of the top ten banks.
Sattique Ahmed Shah joined Dhaka Stock Exchange (DSE) as chief financial officer (CFO) on Thursday, the premier bourse said in a statement. Before joining DSE, Mr Sattique was the additional CFO of ETV (Ekushey Television), a concern of S. Alam...
Md. Khalid Mahmood Khan, Deputy Managing Director of Mutual Trust Bank Limited (MTB), has recently been appointed as Chief Business Officer (CBO) of the bank with effect from July 01, 2022. He was promoted to the rank of Deputy Managing...
FE REPORT | 2022-07-01 00:00:00
Stocks extended the winning streak Thursday, the last day of the fiscal year (FY) 2021-22 amid positive expectations in the new fiscal year.Participation of investors increased significantly, reflecting investors' expectations that the central bank would come up with a monetary...
FE REPORT | 2022-07-01 00:00:00
The stock price of newly listed Meghna Insurance Company is rising 'abnormally' since debut on June 8 this year as it created an 'irrational hype' among investors.Within the three weeks since its debut, the company's share price soared four-time high...
FE REPORT | 2022-07-01 00:00:00
The central bank focuses growth of the capital market to ensure a much-needed transition in long-term financing away from the banking system.Bangladesh Bank (BB) Governor Fazle Kabir spoke of the shift while rolling out Thursday a new monetary policy for...
COLOMBO, June 30 (AFP): Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout talks with the bankrupt island nation.Representatives from the global lender of last resort have...
The 72nd meeting of Risk Management Committee of Board of Directors of Sonali Bank Limited was held at the bank's head office in the city on Thursday. Ishtiaque Ahmed Chowdhury, director and chairman of Risk Management Committee of the bank,...
A bilateral agreement has been signed between Minister MyOne Group, the leading home appliance company in Bangladesh, and Akash Digital TV (Beximco Communications Limited). The agreement was signed at Minister Group's head office in the capital's Gulshan area recently, says...
Power Secretary Md. Habibur Rahman and Bangladesh Power Development Board (BPDB) Chairman Engineer Md. Mahbubur Rahman signed the Annual Performance Agreement (APA) for the fiscal year 2022-23 in the city on Wednesday in presence of State Minister for Power, Energy...
An Annual Performance Agreement (APA) for the fiscal year 2022-23 has been signed between Bangladesh Krishi Bank and the Financial Institutions Division of the Ministry of Finance. Secretary of Financial Institutions Division Sheikh Mohammad Salim Ullah and Managing Director of...
LONDON, June 30 (AFP): British Airways parent IAG said Thursday it has ordered 11 Airbus A320neo aircraft and three A321neos worth $1.7 billion, as the aviation sector seeks to recover from the pandemic.The airline conglomerate, which also owns Aer Lingus...
Gold fell on Thursday and was bound for its worst quarter in five as the dollar's strength and a hawkish rhetoric from central banks eroded the appeal of the non-yielding asset, reports Reuters.Spot gold fell 0.2 per cent to $1,813.30...
LONDON, June 30 (Reuters): Oil prices were largely steady in volatile trading on Thursday as the market weighed concerns over global supply against a build in US fuel product inventories.Brent crude futures for September, the more actively traded contract, were...
PRAGUE, June 30 (AFP): The Czech Republic will take over the rotating six-month presidency of the European Union on Friday with all eyes on Ukraine, which has been battling Russian forces since February.To kick off its presidency, the Czech government...
DOHA, June 30 (AFP): Indirect talks in Qatar's capital between Iran and the US on reviving a 2015 nuclear deal have concluded with "no progress made", a State Department spokesperson said late Wednesday.The negotiations in Doha were an attempt to...
MANILA, June 30 (AP): Ferdinand Marcos Jr., the namesake son of an ousted dictator, was sworn in as Philippine president Thursday in one of the greatest political comebacks in recent history that opponents say was pulled off by whitewashing his...
ASHGABAT, June 30 (AFP): Russia has "no problem" if Finland and Sweden join NATO, President Vladimir Putin said on Wednesday."We don't have problems with Sweden and Finland like we do with Ukraine," Putin told a news conference in the Turkmenistan...
MADRID, June 30 (AFP): Britain pledged another o1 billion ($1.2 billion) in military aid to Ukraine Wednesday to help it fend off Russia's invasion, including air-defence systems and drones.The fresh funds will bring Britain's total military support to Kyiv since...
HONG KONG, June 30, 2022 (AFP) - Chinese President Xi Jinping said Hong Kong had been "reborn of fire" as he arrived Thursday to mark the 25th anniversary of the city's handover, in his first visit since the business hub's...
KABUL, June 30 (AFP): Thousands of Afghan religious scholars and tribal elders gathered in the capital Thursday for a men-only meeting the Taliban hope will rubber-stamp their hardline Islamic rule.Officials have provided scant details of the "jirga"-a traditional gathering of...
ISLAMABAD, June 30 (AFP): Pakistan has given separate contracts to players in the Test and limited-overs squads in a bid to build long-term depth, the chief selector said Thursday."These contracts are part of our vision and strategy to identify, groom...
MADRID, June 30 (AFP): Six people have been arrested in connection with the three-million-euro burglary at the house belonging to former Brazil forward Ronaldo, AFP learned on Thursday from sources close to the investigation.Paris Saint-Germain player Marco Verratti was staying...
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