DAVOS, May 23 (Reuters): India's Mahindra and Mahindra will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters.Anish Shah said Mahindra had over time focussed on developing EV components in-house,...
Bangladesh's foreign currency reserves have improved a little to stand at $42.21 billion on May 16, which was at $41.92 billion on May 10, enough to cover six months of imports, reports bdnews24.com.A slight dip below the $42 billion mark...
Popular Life Insurance Company Limited handed over insurance claim cheques to the policyholders at BD Hall Room in Jashore recently. The photo shows Managing Director and CEO of the company BM Yusuf Ali handing over a cheque as the chief...
FE REPORT | 2022-05-24 00:00:00
Bangladesh Bank (BB) has asked all commercial banks to expedite disbursement of farm credits under concessional rate at 4.0 per cent for facilitating cultivation of import-substitute crops, taking prime cropping areas into consideration.The crops include pulses, oilseeds, spices and maize.The...
JCI Dhaka Aspire, a local organisation of Junior Chamber International (JCI) Bangladesh, held its second General Members' Meeting (GMM) for the year 2022 at a city hotel recently.JCI Dhaka Aspire's local president Shovona Shahid presided over the GMM. National vice...
FE REPORT | 2022-05-24 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has stressed the need for developing the country's tourism sector, in a bid to attain the sustainable development goals (SDGs). It also called upon the government to treat the country's...
Starbucks Corp said on Monday it will exit the Russian market after nearly 15 years as the coffee chain joins McDonald's Corp in marking the end of the presence of some of the top Western brands in the country, reports...
MUMBAI, May 23 (Reuters): The Indian government is likely to stick to its fiscal deficit target as specified in the budget and there may not necessarily be a need for increasing government borrowing just yet, governor Shaktikanta Das told CNBC-TV18...
Pakistan's central bank raised the key policy rate on Monday by 150 basis points to 13.75 per cent, the second hike in less than two months, as the South Asian nation grapples with a sinking economy, reports Reuters."This action, together...
JAKARTA, May 23 (Reuters): Indonesia allowed the resumption of palm oil exports from Monday after a three-week ban, but industry players said shipments were unlikely to restart until details emerge on how much of the edible oil must be held...
Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up,...
Sonali Life Insurance Company Limited bought 29 SUZUKI cars from Uttara Motors Ltd, a leading automobile company in Bangladesh. The cars -- 25 units of SUZUKI Ciaz and four units of SUZUKI Vitara Brezza -- were handed over at an...
Standard Chartered Bangladesh was recognised as the 'Best CSR Bank in Bangladesh' at the International Finance Awards ceremony, says a press release.The bank was awarded by the International Finance for its commitment to empowering all members of the community and...
FE REPORT | 2022-05-24 00:00:00
Biman Bangladesh Airlines, the national flag carrier, is set to introduce online check-in services for its domestic passengers from June 1 to facilitate their travel.Through the digital check-in facility, the passengers would be allowed to choose their seats by themselves...
FE REPORT | 2022-05-24 00:00:00
The country's garments accessories and packaging manufacturers have strongly protested the proposal of power price hike, saying that it will badly affect them, as they are already struggling due to many factors.The Bangladesh Garments Accessories and Packaging Manufacturers and Exporters...
Sonali Bank Limited and Shah Amanat International Airport, Chattogram signed an agreement whereby the bank will receive charges and fees through the Sonali Bank online service. General Manager of Sonali Bank Subhash Chandra Das and Director of Shah Amanat International...
FE REPORT | 2022-05-24 00:00:00
The Consumer Association of Bangladesh (CAB) demands a separate division within commerce ministry to protect consumer rights.The CAB claims that it is not possible to ensure rights as the Directorate of National Consumer Rights Protection (DNCRP) is not enough for...
Gold prices rose over 1 per cent on Monday, boosted by a slide in US dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact, reports Reuters.Spot gold rose 0.8 per cent...
TOKYO, May 23 (Reuters): Japan's crude steel output fell 4.4 per cent in April from a year earlier, the Japan Iron and Steel Federation said on Monday, as producers responded to slow demand from the auto sector due to a...
MUMBAI, May 23 (Reuters): US grains futures edged higher on Monday, lifted by a weaker dollar, gains in crude oil and as adverse weather conditions threatened production in key producing countries.The most-active wheat contract on the Chicago Board of Trade...
Additional Chief Engineer of Local Government Engineering Department (LGED) AKM Lutfor Rahman inaugurated 'Awareness Training on Climate Science, CRIMP, and CReLIC' at regional training centre of LGED in Rajshahi recently. Superintending Engineer of Bogura region of LGED Md Golam Kabir...
LONDON, May 23 (Reuters): Oil prices gained on Monday with US fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown that fuelled worries about a sharp slowdown...
RIYADH, May 23, (AFP): A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company to a sovereign wealth fund run by the kingdom's crown prince, a statement said Sunday. The sale by...
HONG KONG, May 23, (AFP): Asian stocks rose Monday after US President Joe Biden said he was considering lifting some Trump-era trade tariffs imposed on China, although concerns over inflation and growth weighed on sentiment.Tariffs on hundreds of billions of...
The 829th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Limited (SJIBL) was held recently at Corporate Head Office of the Bank. The meeting was presided over by Mr. Akkas Uddin Mollah, Chairman of the Executive Committee (EC)...
Al Haramain Hospital has distributed relief items among the flood affected people in Sylhet. Mr. Mohammed Aliur Rahman, Vice Chairman of Al Haramain Group, began the distribution programme on behalf of Mr. Mohammad Mahtabur Rahman, Chairman of Al Haramain Perfumes...
Social Islami Bank Limited launched a two-month long "Remittance & Deposit Product Campaign-2022" on Sunday at its head office. Dr. Md. Mahbub Ul Alam, Chairman of the Bank, inaugurated the campaign as the chief guest while Zafar Alam, Managing Director...
Customers can now enjoy 10pc, up to BDT 200 instant cashback on shopping from country's popular online marketplace Daraz through bKash payment. Cashback limit on each transaction is BDT 100. To avail the offer, a customer has to make minimum...
NRBC Bank has donated Tk 10 million to Ashrayan-2 Project, a Bangladesh government development project under the Prime Minister's Office for constructing homes for homeless. NRBC Bank Chairman Mr. SM Parvez Tamal handed over a cheque to the Project Director...
MTB recently celebrated 'Customer Service Week' in Sylhet & Cumilla regions. MTB's Vice Chairman, Md. Abdul Malek inaugurated the event in the presence of some distinguished customers in a simple ceremony held at MTB Sylhet Branch in Sylhet, said a...
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