The Swift Member and User Group of Bangladesh recently held its 15th executive committee meeting. It was chaired by Shafiul Azam, managing director and CEO of Modhumoti Bank and chairperson of the group. Mr Akhtar, additional managing director of Shahjalal...
Southeast Bank distributed a special CSR fund to support farmers with cultivation and the purchase of farming machinery. The financial assistance was handed over to grassroots farmers at the bank's head office in the presence of Nuruddin Md Sadeque Hossain,...
Premier Bank has launched a new branch service called 'QR Teller', which replaces traditional branch transactions using cheque books or debit cards with a faster and more secure method that utilises QR code scanning technology. Mohammad Abu Jafar, managing director...
FE REPORT | 2024-05-20 00:00:00
The Bangladesh Securities and Exchange Commission (BSEC) has approved draft prospectuses of two open-ended mutual funds.It has also allowed Power Grid Company of Bangladesh to issue preference shares against share money deposits received from the government.The approvals came on Sunday...
FE REPORT | 2024-05-20 00:00:00
The broad index of the Dhaka bourse on Sunday plunged to 37-month low as risk-averse investors continued to dump their holdings to avoid further loss amid inherent macroeconomic worries and an indication of capital gain tax in the upcoming budget.The...
BABUL BARMAN and FARHAN FARDAUS | 2024-05-20 00:00:00
Leading non-bank financial institutions' cost of funds rose amid monetary tightening, resulting in a lower profit in the first quarter through March this year, compared to the same quarter last year. Hence, the hikes in lending rates after the withdrawal...
Eruption of Indonesia's Mt Ibu forcesseven villages to evacuateJAKARTA, May 19: A volcano on the remote Indonesian island of Halmahera has spectacularly erupted, spewing a grey ash cloud into the sky, and people from seven nearby villages have been evacuated,...
KYIV, May 19 (BBC): Russia is increasingly using "glide bombs" - cheap but highly destructive ordnance - to advance its offensive in Ukraine.More than 200 of them are thought to have been used in just a week to pound Ukraine's...
YANGON, May 19 (Reuters): A powerful armed ethnic group in Myanmar said on Sunday it had won control over a town in the western state of Rakhine after weeks of fighting, denying accusations it had targeted members of the Muslim-minority...
BUDAPEST, May 19 (AFP): Hungarian rescuers searched for survivors on Sunday after a cruise ship and a motorboat collided on the northern Danube leaving two people dead and five others missing, police said.On Saturday night, a man had been found...
GAZA STRIP, May 19 (AFP/AP/Reuters): Gaza's civil defence agency said Sunday that an Israeli air strike targeting a house at a refugee camp in the centre of the Palestinian territory killed at least 31 people, updating an earlier toll."The civil...
Once known as the 'City of Ponds', Cumilla now grapples with waterlogging even after minimal rainfall, as the ponds and reservoirs have been filled up, leaving no outlet for the water to go., reports bdnews24.com. Investigations reveal that over the...
FE REPORT | 2024-05-20 00:00:00
The High Court on Sunday issued a status quo on a government move for felling trees on the roadside to implement a project to upgrade the Jashore-Narail highway to a six-lane one.The status quo will remain effective until tender process...
OUR CORRESPONDENT | 2024-05-20 00:00:00
SYLHET, May 19: Sunamganj 250-bed District Sadar Hospital has long been plagued with various problems, including a staff shortage, which hampers medical services every day.A staff crisis is affecting medical services in the public hospital where patients are being deprived...
OUR CORRESPONDENT | 2024-05-20 00:00:00
CHANDPUR, May 19: Local residents have been suffering a lot as a broken culvert and a dilapidated bridge have been lying unrepaired for a long time in Kachua and Hajiganj upazilas of the district respectively. Sources said the important culvert...
RIYADH, May 19 (Arab News): Saudi Arabia's cement industry is poised to maintain its position as a key player in the global market, by harnessing circular economy principles and navigating challenges using digital innovation, according to an industry expert.Amr Nader,...
Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount's books ahead of a potential bid for the movie studio's assets, the New York Times reported on Friday, citing people familiar...
BEIJING, May 19 (BBC): Chinese authorities have unveiled their most significant steps yet to address the crisis that has been dragging on the country's property sector in recent years.The new measures include cutting the amount home buyers need for a...
WASHINGTON, May 19 (Reuters): The Federal Reserve and two other US regulators are moving toward a new plan that would significantly reduce a nearly 20 per cent mandated increase in capital for the country's biggest banks following lobbying efforts by...
BEIJING, May 19 (Reuters): China's gasoline exports in April fell to the lowest level since July 2015, customs data and Reuters records showed on Saturday, as domestic travel and fuel use increased in the recovering economy.April exports of gasoline stood...
BEIJING, May 19 (Reuters): China's commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan.The plastics can partially replace metals such as copper and...
A Memorandum of Understanding (MoU) between the Department of Banking & Insurance of Dhaka University (DU) and the Institute of Chartered Accountants of Bangladesh (ICAB) was signed on Sunday, with a view to expanding Chartered Accountancy (CA) education & research...
The Institute of Chartered Secretaries of Bangladesh (ICSB) organised a Continuing Professional Development (CPD) programme titled 'Pre-Budget Discussion: Addressing Economic Challenges' at the Auditorium of BIDA on Saturday. Former governor of Bangladesh Bank and Chairperson of Unnayan Shamannay Dr Atiur...
Janata Bank Staff College (JBSC) began a 15-day training course titled 'Foreign Exchange and International Trade Finance' in Dhaka on Sunday. Md Golam Mortuza, Managing Director & CEO (current charge) of Janata Bank PLC, inaugurated the training course. Some 25...
Lotto Bangladesh has undertaken a programme to plant around 18,000 trees across the country, aiming to maintain environmental balance and contribute to social welfare. The programme was inaugurated by State Minister for Women and Children Affairs Simi Hossain (Rimi) in...
SINGAPORE, May 19 (Reuters): An uptick in gold prices last week deterred physical purchases in top consumers, prompting dealers to offer lower premiums in China and deeper discounts after a key gold-buying festival in India.In India, the world's second-largest gold...
National Bank Limited organised a fifteen-day 'Foundation Course for Junior Officers (General) (Year 2023): Foreign Trade Finance & Operations Module' (Combined Batch) that began at the training institute of the bank on Sunday. Forty-nine officers of the bank participated in...
Berger Paints Bangladesh Ltd, the leading paint solutions brand in the country, has unveiled its latest masterpiece, 'Luxury Super Silk'. Designed for those who crave bold and flashy aesthetics, Super Silk is the ultimate choice for individuals who love to...
Sonali Bank PLC participated in the 11th National Small & Medium Enterprise (SME) product fair titled 'SME Financing Facilities Fair' that began at Bangabandhu International Conference Centre (BICC) at Agargaon in the city on Sunday. Deputy Managing Directors of the...
Islami Bank Bangladesh PLC and Daffodil International University (DIU) signed an agreement on payment of student fees. Under this agreement, DIU students and their parents can pay all kinds of fees, including tuition and semester fees, conveniently at Islami Bank...
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