BRAC Bank has recently organised an 'UthanBoithak', a knowledge-sharing engagement, for Munda people, an ethnic population living on the fringes of the Sundarbans. This community is detached from any formal banking or financial services. Field officers of Koyra Agent Banking...
Mr. Abdul Hamid FCA joined Prime Insurance Company Limited (PICL) recently as Chief Executive Officer, said a statement. Before joining Prime Insurance Company Limited, he served as the Additional Managing Director at Eastland Insurance Company Limited and Meghna Insurance Company...
Despite an improvement in payment the government still owes $1.5 billion to the private power plant operators for purchase of electricity, according to official sources, reports UNB. The sources confirmed this week that the state-owned Bangladesh Power Development Board (BPDB),...
FE REPORT | 2022-07-18 00:00:00
A commissioner of Bangladesh Securities and Exchange Commission Sunday said mutual funds play an important role in the stock market. But in the last 10 years, mutual funds have failed to meet the investors' expectations.Dr. Mizanur Rahman, commissioner of BSEC...
FE REPORT | 2022-07-18 00:00:00
The stock market ended lower for the fourth straight session Sunday, after Eid vacation, as prolonged bearish sentiment kept investors shaky to pour funds in stocks amid growing macroeconomic worries.The market index rose about 19 points soon after the trading...
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues, reports...
JOHANNESBURG, July 17 (AFP): South Africans' annoyance at power cuts has given way to worry, with business owners complaining that the prolonged energy crisis for which no end is in sight is eating into profits and hobbling economic activity.At Native...
The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by US President Joe Biden, Saudi state TV al-Ekhbariya reported, reports Reuters.The agreements include deals with US aerospace and...
NEW YORK, July 17 (AFP): The pandemic has not fundamentally altered the longterm growth outlook for commercial aviation, with an 82 per cent increase in jets seen through 2041, according to a Boeing forecast released Saturday.The company projected a total...
Sonali Bank Limited CEO and Managing Director Md. Ataur Rahman Prodhan congratulates Fatima Yasmin, Senior Secretary, with a bouquet on her appointment as Senior Secretary of Finance Division, Finance Ministry. Among others, Secretary of Financial Institutions Division Sheikh Mohammad Salim...
ISLAMABAD: The federal government has decided to sell 120,000 MT of wheat to United Nations World Food Programme (WFP) for Afghanistan at full import cost in US dollars instead of Pak rupee or any other currency, sources in Ministry of...
China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday, reports Reuters.China's economy grew just...
Pakistan is likely to get $4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, the country's finance minister said, two days after sealing a deal with the lender, reports...
Phoenix, USA, July 17 (AP): Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.With gas prices soaring along with grocery costs, many people are seeking...
IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the "exceptionally uncertain" global economic outlook could turn worse if higher prices persisted, reports Reuters.Georgieva, speaking...
SAN FRANCISCO, July 17 (AFP): Anxious employees, wary advertisers and hamstrung management: Twitter is limping along as it waits to learn how the fight over Elon Musk's buyout bid will end.Just days before the first court hearing in Twitter's lawsuit...
The private sector development organisation BURO Bangladesh opened its newly-built Centre for Human Resource Development on 181 decimals of land in Cumilla recently.Secretary of the Financial Institutions Division under the Ministry of Finance Sheikh Mohammad Salim Ullah was present on...
Our Correspondent | 2022-07-18 00:00:00
CHATTOGRAM, July 17: The 41st Annual General Meeting (AGM) of the Nagorik Cooperative Housing Society Limited (NCHSL) was held at the society at Shershah in the port city's Baizid area Saturday. President of the NCHSL chaired the AGM while its...
Bangladesh Postal Department's mobile financial service Nagad and Switzerland's Zurich-based non-profit organisation 'SwissContact' recently signed a memorandum of understanding (MoU) under the 'Sarathi-Improving Financial Health' programme, says a statement received on Sunday.The initiative is aimed at bringing the RMG workers...
Global Islami Bank relocated its Ashulia Branch to the 'Mizan Shopping Complex, Jamgara, Yearpur from the previous location at Monsur Tower in the area under Savar of Dhaka on Sunday, says the bank in a statement.Sami Karim, Deputy Managing Director...
The Bangladesh Bridge Authority says that Padma Bridge has earned about Tk 525.5 million in tolls in the first 20 days since it was opened to traffic, reports bdnews24.com.Officials involved in the project also say that the lower level of...
LGRD Minister Tajul Islam posing with others at the launching ceremony of the ‘2020 Global State of World Volunteerism Report: Strengthening volunteerism towards inclusive, balanced societies and support to SDGs in Bangladesh’ in the city on Sunday
NAZIMUDDIN SHYAMOL | 2022-07-18 00:00:00
CHATTOGRAM, July 17: Started over a decade ago, the Dohazari-Cox's Bazar-Gundum railway project has been delayed by two more years as the government extended its execution time up to June 2024, said officials involved with the fast-track project. Earlier, the...
Taijul Islam starred with his maiden One-Day International five-wicket haul to lead Bangladesh's rout over the West Indies for a four-wicket win in Guyana, according to Cricbuzz. With that, Bangladesh whitewashed West Indies in the three-match ODI series for a...
General Secretary of Bangladesh Olympic Association Syed Shahed Reza expressed his hope that the athletes would give their best effort to represent the country and able to bring its fame in Bangladesh's two upcoming games, reports BSS.After the Commonwealth Games...
TOKYO, July 17 (AFP): Paris Saint-Germain's star-studded squad landed in Japan Sunday for a three-game tour against local teams, with new manager Christophe Galtier hoping to make a strong start with the French giants.PSG, featuring attacking trio Kylian Mbappe, Neymar...
BASTAD, Sweden, July 17 (AFP): Francisco Cerundolo capped an impressive week to claim his maiden ATP title with a straight sets win over fellow Argentine Sebastian Baez in Bastad on Sunday.The 23-year-old won through 7-6 (7/4), 6-2 in the first...
The Bangladesh Premier League (BPL) T20 tournament, the most popular domestic tournament of the country, is all set to back in old format as the Bangladesh Cricket Board (BCB) will sell the franchise rights for the next three years, reports...
Prabath Jayasuriya terrorised Pakistan in the first session before Babar Azam struck a valiant 119, much of it in the company of No. 11 Naseem Shah, as the hosts surged back into the match either side of tea, according to...
Bangladesh Cricket Board president Nazmul Hasan said on Sunday that they will sit with under-performing T20 skipper Mahmudullah and have a word regarding his future, according to Cricbuzz.Bangladesh have played 43 matches under Mahmudullah's leadership but won only 16 and...
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