DOULOT AKTER MALA | 2024-07-16 00:00:00
Government investment in domestic revenue mobilisation has been declining over the years despite a pressing need to boost tax collection.The government spent Tk 0.31 to collect Tk 100 in domestic revenue in the fiscal year of 2019-20, but this fell...
Apple's shares rose about 2 per cent on Monday after Morgan Stanley raised its price target on the iPhone maker's shares and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales,...
BENGALURU, July 15 (Reuters): India's blue-chip indexes logged record closing highs on Monday, led by gains in state-owned companies, with mid-cap stocks also extending their record run after a healthy start to the earnings season.The NSE Nifty 50 rose as...
NEW YORK, July 15 (Reuters): Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers' returns this year but the bets stand to magnify risk if the chipmaker's red-hot shares see a reversal of fortune.Nvidia shares are up about...
BEIJING, July 15 (AFP): A Chinese software maker whose name is a homophone for "Trump wins big" soared in mainland trading on Monday after a failed assassination attempt on the former US president.Images of a bloodied Donald Trump waving his...
NEW DELHI, July 15 (Reuters): India's wholesale prices rose at their fastest annual pace in 16 months in June on the back of costlier food, government data showed on Monday.The wholesale price index rose 3.36 per cent in June from...
BANGKOK, July 15 (Reuters): When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.What, however, received...
BEIJING, July 15 (Reuters): China has requested the World Trade Organization set up an expert panel to help settle a dispute over electric vehicles subsidies under the U.S. Inflation Reduction Act, the country's commerce ministry said on Monday.The world's No.2...
LONDON/SYDNEY, July 15 (Reuters): The dollar held steady on Monday, while long-dated US bond yields rose, as investors weighed whether an assassination attempt on presidential candidate Donald Trump increased his chances of victory.European stocks drifted lower, after weak economic data...
Janata Bank Swadhinata Officer Parishad (JBSOP) celebrated its 15th founding anniversary with a cake-cutting ceremony at the bank's head office in Dhaka recently. Managing Director of Janata Bank Md. Abdul Jabbar was present as the chief guest at the event....
Sonali Bank PLC arranged a fire drill at its head office in collaboration with the Fire Service & Civil Defence Authority on Monday. Prior to this, the bank authority held a meeting at the head office conference room where the...
ICB Asset Management Company Ltd. has awarded its executive officer Md. Manoarul Islam and assistant officer Mushfiqur Rahman with crest and certificate at an integrity award distribution ceremony for FY23. The chairman of the company’s board of directors, Dr. Suborna...
A skill development training programme, organised by United Commercial Bank (UCB) under the agricultural support scheme 'Bhoroshar Notun Janala', was held at Shah Dine Community Center located in Rajshahi Sadar. This programme was organised for 240 agricultural entrepreneurs hailing from...
ONE Bank arranged a celebration programme for valued clients and other social elites of the country on the occasion of its 25th founding anniversary on July 11, 2024 at Hotel InterContinental Dhaka. At the beginning of the programme, Managing Director...
Mahbubul Alam, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has emphatically called for the swift implementation of the Bangladesh Single Window (BSW) project to streamline trade processes in the country, reports UNB. He made the...
FE REPORT | 2024-07-16 00:00:00
Telecoms giant Grameenphone on Monday launched Bangladesh's first fixed wireless access (FWA) service named 'gpfi unlimited', marking a milestone in the path towards the country's digital transformation.Following the Unified Licensing Guideline, this innovative solution leverages FWA technology to deliver reliable...
Social media content creation is increasingly popular nowadays. Many people desire to excel in content creation but often fail to do so due to a lack of proper knowledge. To address this, Nagad Ltd., a popular MFS service provider, and...
A seminar on 'Trading in Local Currencies: Problems and Prospects for the SAARC Countries' was held at a hotel in Chattogram on Friday. SAARCFINANCE Wing, Research Department of Bangladesh Bank, organised the event. Abdur Rouf Talukder, Governor of Bangladesh Bank,...
Local electronics giant Walton Hi-Tech Industries PLC won the National Export Trophy (gold) in recognition of its outstanding contribution to the exports of electrical and electronics products during the financial year 2021-22. Prime Minister Sheikh Hasina handed over the award...
FE REPORT | 2024-07-16 00:00:00
Sena Kalyan Insurance Company Limited gained a 75 per cent higher profit to Tk 45.6 million in the second quarter through June this year, compared to the same quarter a year ago. In the first six months of the year,...
MOHAMMAD MUFAZZAL | 2024-07-16 00:00:00
The securities regulator has caught Tamijuddin Textile Mills having misappropriated undistributed stock dividends worth more than Tk 330.77 million by disbursing them to shareholders who were not entitled. The company has so far deposited about 1.06 million undistributed bonus shares...
MOSCOW/SINGAPORE, July 15 (Reuters): Russia has sent ultra-low sulphur diesel from its ports for storage in the regional hub of Singapore and in West Africa, traders and shipping data show, as ample supply has slowed demand.Since the full EU embargo...
LONDON, July 15 (Reuters): Aviva, Legal & General and M&G are ramping up investments in rental homes in Britain, betting on long-term returns in a market where housing demand far outstrips supply, even though the country's new Labour government could...
BEIJING, July 15 (Reuters): Chinese e-commerce vendors are struggling for survival as sales growth slows, price pressure rises and shopping platforms compete with ever-more aggressive policies to attract increasingly cost-conscious customers.A once-thriving e-commerce industry punctuated by shopping bonanzas featuring galas...
Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in...
Shoppers are likely to spend roughly $14 billion during Amazon's Prime Day two-day shopping event this week, according to projections from Adobe Analytics,a firm that studiese-commerce transaction data, reports Reuters.Spending at Amazon on Tuesday and Wednesday could rise 10.5 per...
Islami Bank Bangladesh PLC and Nagad Limited signed an agreement regarding remittance services. From now on, Nagad customers can connect with Islami Bank to collect remittances sent from over 200 countries around the world quickly and easily and withdraw money...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has recently signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to relocate its EPZ offices in Dhaka and Chattogram. Md. Ashraful Kabir, Member, (Investment Promotion), BEPZA; and Devesh Mathur,...
BRAC Bank TARA has partnered with MetLife to provide a Micro Deposit Insurance Facility at no cost to rural women through the BRAC Bank Agent Banking Channel. This initiative, funded by a grant from the Gates Foundation, aims to enhance...
Mohammad Shamsul Islam has been re-appointed as Managing Director of National Housing Finance PLC for three more years with effect from July 16, says a press release. Mr. Islam joined NHF PLC as Additional Managing Director in February 2021 and...
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