Islami Bank Bangladesh Limited signed a memorandum of understanding (MOU) with BRB Hospital regarding corporate facilities. Under the agreement, cardholders of Islami Bank and the bank's officials and their family members will enjoy up to 25 per cent discount facilities...
The Rapid Action Battalion (RAB) has arrested Ratanpur Steel Re-rolling Mill (RSRM) Managing Director Maksudur Rahman in Gulshan on charges of loan delinquency, reports bdnews24.com.The elite force raided his house around 11:00 pm on Wednesday. After two hours, the RAB...
WASHINGTON, June 09 (Reuters): The US Transportation Department is on Thursday proposing minimum standards and requirements for electric vehicle (EV) charging projects funded under a $5.0 billion government programme."Everyone should be able to count on fast charging, fair pricing and...
Bangladeshi industrial giant T.K. Group is going to establish a chain of international schools around Bangladesh. The first one is being built at Hatirjheel which will be operational in April 2023. Under the province of British Columbia (BC) Ministry of...
The Public Private Partnership Authority, Prime Minister's Office, organised a workshop titled 'Engagement of Banks and Non-Banking Financial Institutions in PPP Project Financing' at its conference hall on Thursday, says a press release. Banking and non-banking financial professionals participated in...
Flows of foreign direct investment (FDI) recovered to pre-pandemic levels last year, hitting nearly $1.6 trillion but the prospects for this year are grimmer, the latest UNCTAD World Investment Report said, reports UNB.The report entitled "International tax reforms and sustainable...
IDCOL will provide consultancy services to the Ministry of Energy in Malawi for the Off-Grid Market Development Fund under the World Bank-funded Malawi Electricity Access Project, says a press release.The objective of the fund is to address the challenges of...
FE REPORT | 2022-06-10 00:00:00
The Asian Development Bank will lend Bangladesh US$250 million policy-based loan for social protection reforms to protect vulnerable segment of the population against socioeconomic challenges. An official announcement says the ADB Thursday approved loan that will finance 'Subprogram 2' of...
BUDAPEST, June 9 (Reuters): Hungary has issued foreign currency benchmark bonds worth a total of $3.8 billion, which will help it preserve economic stability, Finance Minister Mihaly Varga said on Thursday.The bond issue comes after Hungary on Tuesday lifted its...
MILAN, June 9 (Reuters): Credit Suisse shares fell on Thursday on growing skepticism about a takeover offer from US financial giant State Street (STT.N) after a media report a day earlier boosted the heavily-shorted stock from a near 20-year low.State...
LONDON, June 9 (AFP): Equity markets mostly fell Thursday as inflation fears gain momentum, with all eyes on the outcome of a European Central Bank policy meeting aimed at tackling soaring consumer prices in the eurozone.The ECB is expected to...
Mobile financial service provider upay has signed an agreement with Northern Electricity Supply Company Limited (NESCO), facilitating around 1.7 million customers to pay their electricity bills through upay. Rezaul Hossain, Managing Director and Chief Executive Officer of upay, and Zakiul...
United Commercial Bank Limited (UCB) held its 39th Annual General Meeting on Thursday. The meeting was presided over by Bazal Ahmed; Vice-Chairman of the Bank, on a digital platform. In the AGM, shareholders have approved 10 per cent stock dividend...
FE REPORT | 2022-06-10 00:00:00
The power and energy sector will receive an allocation of Tk 260.66 billion in FY'23, 5.16 per cent lower than the Tk 274.84 billion allocated for the outgoing FY'22, according to the proposed national budget for the upcoming fiscal year.Presenting...
FE REPORT | 2022-06-10 00:00:00
The proposed budget for FY 2022-23 has allotted Tk 531.55 billion in support of the public-private partnership (PPP) as the government has 79 projects in the pipeline. "For public-private partnership (PPP), financial assistance to different industries, subsidies, equity investments in...
FE REPORT | 2022-06-10 00:00:00
Economic zones (EZs) across the country have drawn a proposed investment of an estimated $25 billion through land allocation to 196 entities.Moreover, the investment in private economic zones is approximately $4.0 billion, finance minister AHM Mustafa Kamal says in his...
FE REPORT | 2022-06-10 00:00:00
The government will continue implementation of the stimulus programmes in the next fiscal year (FY), 2022-23, taken to help the economy make recovery from the Covid-19 pandemic impacts."The stimulus programmes will continue in the coming fiscal year to further accelerate...
FE REPORT | 2022-06-10 00:00:00
Introducing Central Bank Digital Currency (CBDC) in Bangladesh is planned in what is seen as the process of building up a financial system alternative to the traditional physical finance. Finance Minister AHM Mustafa Kamal lays out a plan for the...
YASIR WARDAD | 2022-06-10 00:00:00
Allocation for the broader agricultural sector, including crop, livestock, fisheries and farm subsidy, increased to over 6.5 per cent (Tk 445 billion) of the proposed 2022-23 fiscal year (FY) budget.The amount for the same was 4.78 per cent in FY22.Rising...
FE REPORT | 2022-06-10 00:00:00
At least 13,307 borrowers have made their loans regular by taking the policy support within the scheduled timeframe, finance minister AHM Mustafa Kamal says.'Debt Rescheduling and One-time Exit Special Policy-2019' was issued to reduce defaulted loans and give a chance...
FE REPORT | 2022-06-10 00:00:00
The cash incentive on remittance income at the existing rate of 2.5 per cent would continue in the next fiscal year (FY 2022-23).The measure was proposed in the new national budget placed in parliament on Thursday, aimed at encouraging the...
FE REPORT | 2022-06-10 00:00:00
Stocks ended nearly flat on Thursday, as investors mostly followed cautious stance just ahead of unveiling the national budget.Finance Minister AHM Mustafa Kamal unveiled the national budget for the Fiscal Year (FY) 2022-2023 on Thursday evening.DSEX, the prime index of...
FE Report | 2022-06-10 00:00:00
The government has proposed a cut in the corporate tax rate by 2.5 per cent for listed companies with a condition that all financial transactions will be conducted through banks.The government has offered the tax benefit in an effort to...
Khawaza Main Uddin | 2022-06-10 00:00:00
Peoples living on the two sides of porous borders, especially in adverse locations in Bangladesh and its neighbouring countries often suffer from infrastructure deficiency and power supply uncertainty. They reportedly exchange fuel oil across the border illegally to meet the...
Hasnat M Alamgir | 2022-06-10 00:00:00
On May 11 the labour and employment ministry of the Bangladesh government issued a circular excusing the garment sector from labour law provisions of 100, 102, and 105 about working hours and overtime. It stipulates that garment factory workers can...
Shihab Sarkar | 2022-06-10 00:00:00
Those who were in their early teen in 1970-`71might not clearly remember the patriotic slogan of the masses witnessing the birth of the Bengalee nation. The slogan comprised the words, 'Tomar Aamar Thikakana, Padma Meghna Jamuna' (The identity of you...
Most of the farmers in our country are not educated. They find the use of chemical fertilisers the only means of increasing plant productivity. However, many of them do not yet know the adverse effects of synthetic chemical fertilisers on...
At least 750,000 people in Bangladesh are suffering from blindness while approximately 253 million people in the world live with moderate to severe vision impairment, according to a recent study. And most of the vision impaired people belong to low-...
The Sitakunda fire, which has claimed around 50 lives so far and injured hundreds, is another tragedy for our nation. It is the latest in an ever-growing list of tragedies that put Bangladesh's appalling industrial safety record once again under...
Zahid Huq | 2022-06-10 00:00:00
Two city corporations had unveiled a plan some months back to relocate the inter-district bus terminals to places outside the city. The mayors also had visited a few likely locations. Relocation will take time since there are other stakeholders. An...
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