LONDON, May 22 (Reuters): From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration in sovereign credit ratings has finally started to reverse.Economists watch ratings...
Chairman of Rupali Bank PLC Kazi Sanaul Haque congratulated Md Abdur Rahman Khan with a bouquet on his appointment as the secretary of the Financial Institutions Division (FID), Ministry of Finance, on Tuesday. Parsuma Alam, Managing Director and CEO (additional...
Sonali e-Wallet, the mobile app of Sonali Bank PLC, has been awarded as the best innovative initiative in the category of state-owned commercial banks. Financial Institutions Division, Ministry of Finance, has recognised the Sonali e-Wallet for its contribution to implementing...
BRAC Bank awarded its top-performing female officials from the distribution network for their outstanding achievements in deposit growth during the January-March quarter of 2024. At a ceremony titled 'Women Warriors', Selim RF Hussain, managing director and CEO of BRAC Bank,...
During their recent 28th annual general meeting (AGM), shareholders of DBH Finance approved a 15 per cent dividend for the year 2023. Nasiruddin Ahmad Choudhury, chairman of the company, presided over the meeting. Other attendees included Vice Chairman AMR Chowdhury,...
A contract has been signed with the Indian company RITES Ltd to procure 200 broad-gauge passenger carriages for Bangladesh Railway at a cost of over Tk 12.05 billion (1,205 crore and 54 lakh), reports UNB.Railway Minister Md Zillul Hakim said:...
bKash and leading science related monthly publication BigganChinta are going to organise 'bKash-BigganChinta Science Festival-2024' for the 3rd time across the country, to inspire and nurture creativity and experimentation in science among school students, says a press release. The initiative...
Chinese company Sanxin Accessories MFC BD Ltd will invest US$ 22.92 million to set up an Interlining & Garments Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsharai, Chattogram. In this connection,...
BABUL BARMAN and FARHAN FARDAUS | 2024-05-23 00:00:00
The floor price was in place for about 18 months to protect "small investors" but persistent bleeding of the index since its removal in January raises questions as to what investors or market achieved from the regulatory intervention. The prime...
Abu Alam, hailing from Kotwali in Chittagong, became the 36th millionaire in the Walton digital campaign. He won the coveted prize by purchasing a Walton refrigerator during the local brand's ongoing 'non-stop millionaire' offer. Walton's Senior Executive Director and film...
Midland Bank PLC and Zenith Islami Life Insurance Limited signed a Bancassurance agreement recently. As per the agreement, Midland Bank customers can now avail all types of life and health insurance benefits of Zenith Life directly from the bank. Chief...
Some of the steep US tariff increases on an array of Chinese imports, including electric vehicles and their batteries will take effect on Aug. 1, the US Trade Representative's office said on Wednesday, reports Reuters.The new measures affect $18 billion...
FE REPORT | 2024-05-23 00:00:00
Speakers at a summit on Wednesday called for a three-year tax exemption for startups to gain a competitive edge in the global market.They also suggested gradually reintroducing these taxes at sustainable rates to foster growth and innovation.Bangladesh Innovation Forum organised...
MONIRA MUNNI | 2024-05-23 00:00:00
Global fashion companies should adopt responsible purchasing practices to support workers' rights and ensure fair compensation, including living wages for all, according to a latest global report. Global Fashion Agenda (GFA), a Copenhagen-based non-profit organization, in its new report titled...
NAZIMUDDIN SHYAMOL | 2024-05-23 00:00:00
CHATTOGRAM, May 22: The 600 MW second unit of the Matarbari Ultra Super Critical Coal-Fired Power Project is slated to commence commercial operations in June, as the unit is now undergoing a test run, which is expected to be complete...
Gold prices slipped on Wednesday as investors strapped in for minutes from the Federal Reserve's most recent policy meeting for further insights on the timeline for interest rate cuts, reports Reuters.Spot gold eased by 0.3 per cent at $2,413.96 per...
BEIJING, May 22 (Reuters): China's breakneck build-out of solar power, fuelled by rock-bottom equipment prices and policy support, is slowing as grid bottlenecks pile up, market reforms increase uncertainty for generators, and the best rooftop space runs short.Last year, China...
PERTH, Australia, May 22 (Reuters): Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies...
LONDON, May 22 (Reuters): Oil prices fell more than 1 per cent on Wednesday, retreating for a third straight day on expectations that US interest rate cuts might be deferred due to sustained inflation, potentially affecting demand in the world's...
GENEVA, May 22 (AFP): Half of the world's mangrove ecosystems are at risk of collapse due to climate change, deforestation and pollution, according to a study published Wednesday.The International Union for Conservation of Nature (IUCN), known for its red list...
LONDON, May 22 (AP): A man charged with assisting Hong Kong authorities with gathering intelligence in the United Kingdom has died in unexplained circumstances, British police said Tuesday.Matthew Trickett, 37, was one of three men charged earlier this month with...
WELLINGTON, May 22 (BBC): A single feather of the now extinct New Zealand huia bird has set a world record after being sold for NZD$46,521.50 ($28,417, £22,409) at an auction.The feather, initially expected to fetch up to $3,000, broke the...
WASHINGTON, May 22 (AFP): The United States said Tuesday it was deeply troubled by increasing violence and intercommunal tension in Myanmar's Rakhine state and said this raised the risk of atrocities being committed.Clashes have rocked Rakhine since the Arakan Army...
NEW YORK, May 22 (BBC): The US says Russia launched a satellite last week which it believes may be capable of attacking other such probes. "Russia launched a satellite into low Earth orbit that we assess is likely a counter...
NEVADA, May 22 (BBC/AFP): A tornado killed multiple people in a small Iowa town as powerful storms swept through the Midwest. Homes and businesses in Greenfield were destroyed, cars smashed and debris strewn across the landscape.A "devastating tornado" struck a...
NEW YORK, May 22 (BBC): US Secretary of State Antony Blinken has suggested he will work with lawmakers on potential sanctions against the International Criminal Court as its prosecutor seeks arrest warrants for senior Israeli officials.Mr Blinken told a congressional...
GLASGOW, May 22 (AFP): Uncapped Liverpool winger Ben Doak was the shock inclusion in Steve Clarke's provisional Scotland squad for Euro 2024 on Wednesday.Doak has not played since December due to a knee injury but Clarke has been forced to...
COLOMBO, May 22 (AFP): The foreign owner of a T20 cricket team in Sri Lanka's Premier League (LPL) was arrested on Wednesday on suspicion of corruption, police said, a day after a highly publicised player auction.Tamim Rahman, owner of Dambulla...
Can Bangladesh get over their PowerPlay problem in T20Is? Can their batters adapt while batting in windy conditions? The hosts USA embarrassed Bangladesh in the opening T20I to prevail by five wickets and that has now added to their woes,...
MIAMI, May 22 (AFP): The United States pulled off a shock five-wicket win over Bangladesh in a Twenty20 International in Houston on Tuesday giving the Americans a timely boost ahead of next month's T20 World Cup.The USA will host group...
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