A mild to moderate heatwave is sweeping eight divisions across the country and is likely to continue, the meteorological office forecast on Thursday, reports BSS.Rangpur, Rajshahi, Mymensingh, Dhaka, Khulna, Barishal, Chattogram and Sylhet divisions are experiencing a mild to moderate...
FE REPORT | 2024-05-17 00:00:00
Key sectors like the banking should have guardrails against "bad influence of party politics" to ensure run of the state machinery by meritocracy, says Dr Wahiduddin Mahmud as noted economists speak out on what have gone wrong. He feels that...
FE REPORT | 2024-05-17 00:00:00
The government, in a departure from age-old practices, has decided to make districts as the focal point of local-level development activities.The direction for the switch came from Prime Minister Sheikh Hasina while presiding over a meeting of the Executive Committee...
Prime Minister Sheikh Hasina asked the authorities concerned of all ministries and divisions to speedily complete the foreign aided and grant projects with additional efforts if required to expedite further the development spree of the country.The premier gave the directives...
FE REPORT | 2024-05-17 00:00:00
Just days after implementing market-based bank interest rates, the Bangladesh Bank met with the country's leading businesses on Thursday and assured them that loan interest rates would not exceed 14 per cent."We have discussed the interest rate issue with the...
FE REPORT | 2024-05-17 00:00:00
Some 398 Bangladeshi nationals purchased 641 properties valued at an estimated US$225 million in Dubai in 2022, according to a report.The number of Bangladeshis who have bought cent-percent ready-made housing assets or intend to purchase unfurnished housing assets in Dubai...
DOULOT AKTER MALA | 2024-05-17 00:00:00
Local manufactures like refrigerator, AC, mobile set and LPG cylinder also may get costlier for tax hike as financial reform necessitates lowering tariff protections to domestic industries. Sources say the local manufacturers of electrical and electronic products may see a...
European regulators have launched a series of probes into Big Tech. In a latest move, Meta's Facebook and Instagram could face hefty fines under the EU's Digital Services Act (DSA) due to concerns they had not adequately addressed risks to...
MUMBAI/SINGAPORE, May 16 (Reuters Breakingviews): Shareholder meetings in Japan are usually dull affairs. But when companies hold their annual gatherings next month investors around the world will be paying closer attention than usual. The outcomes will be a key indicator...
NEW YORK, May 16 (Reuters): US insurer American International Group said on Thursday it would sell a 20 per cent stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.The deal is part of AIG's efforts to sell...
NEW DELHI, May 16 (Reuters): India's steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United States imposed tariffs on Chinese steel, industry executives and analysts said.US President Joe Biden on...
HONG KONG, May 16 (Reuters): Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a...
The 42nd Annual General Meeting (AGM) of IPDC Finance Limited was held virtually. The meeting, attended by a notable number of shareholders, was chaired by Ariful Islam, Chairman of IPDC. The audited financial statements for the year 2023 were approved....
FE REPORT | 2024-05-17 00:00:00
Local electronic company Walton on Thursday unveiled new products ahead of Eid-ul-Azha at an event in the city on Thursday.Walton launched new models of products with advanced features included inverter technology's multi-colored side by side refrigerator, European designed combi model...
A Memorandum of Understanding (MoU) was signed between the Institute of Chartered Accountants of Bangladesh (ICAB) and the Bangladesh Public Procurement Authority (BPPA) at the CA Bhaban in the city on Thursday. BPPA CEO Md Shoheler Rahman Chowdhury and ICAB...
The 14th annual general meeting (AGM) of Janata Capital and Investment Limited (JCIL), a subsidiary company of Janata Bank PLC, was held at its head office in the city on Wednesday. Md Abdul Jabber, Chairman of the board of directors...
Southeast Bank distributed a special CSR fund to support farmers with cultivation and the purchase of farming machinery. The bank's Managing Director Nuruddin Md Sadeque Hossain presented the financial assistance to grassroots farmers at the bank's head office. Md Masum...
Eastern Bank Limited (EBL) and BRAC Healthcare recently signed an agreement to offer special benefits to EBL cardholders on BRAC Healthcare's products and services. M. Khorshed Anowar, deputy managing director and head of retail and SME banking of EBL, and...
MOHAMMAD MUFAZZAL | 2024-05-17 00:00:00
Unilever Consumer Care on Thursday witnessed transactions of the highest volume of shares in a day in 14 months on the Dhaka Stock Exchange (DSE). On the day, the second highest valued stock's turnover was Tk 90.40 million following trades...
FE REPORT | 2024-05-17 00:00:00
National Bank Limited (NBL) showed a loss of Tk 7.66 billion for January-March this year, higher than in the first quarter of previous years, as its expenses far outstripped income for its huge default loan burden. During the quarter, it...
BERLIN, May 16 (AFP): German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).Innomotics, a subsidiary whose motors and other systems are...
BENGALURU, May 16 (Reuters): Indian automaker Mahindra & Mahindra will invest 120 billion rupees ($1.44 billion) in its electric vehicles unit, it said on Thursday, as the company beat fourth-quarter profit estimates on steady sales of its sports utility vehicles...
TOKYO, May 16 (AFP): Troubled Japanese industrial giant Toshiba said Thursday that it plans to cut up to 4,000 jobs domestically as part of a restructuring programme.The announcement follows the delisting of the firm's shares in September after being taken...
BRUSSELS, May 16 (AFP): The EU on Thursday opened a formal investigation into Facebook and Instagram on suspicion the platforms owned by Meta are causing addictive behaviour in children.The probe is under a mammoth law known as the Digital Services...
TOKYO (AP): The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday.Although unemployment has stayed relatively low in the world's fourth largest economy at...
WASHINGTON, May 16 (AFP) : The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets...
Banana Leaf Building, located at the Comfit Composite Knit Ltd (Comfit) campus in Gorai, Mirzapur, Tangail, has been awarded a "Gold" building certification by the U.S. Green Building Council (USGBC). This marks the fourth recognition by the USGBC, following the...
As the Eid-ul-Azha 2024 approaches, Bengal Meat continues its tradition of easing customers' concerns during Qurbani. The organisation has once again introduced their Online Qurbani Haat for the 10th consecutive year. Officials of Bengal Meet announced the inauguration at a...
BRAC Bank celebrated Mother's Day 2024 with a special event, inviting the mothers of its co-workers to visit and mingle with their children at their workplace at its head office in Dhaka on Wednesday. The bank's Chairperson Meheriar M Hasan...
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