MUMBAI, Apr 28 (Reuters): India's gold demand is likely to remain soft in second quarter after falling 18 per cent in the first quarter as retail purchases during a key festival early next month could be below normal because of...
Southwest Airlines Co on Thursday forecast "solid" profit for the current quarter and said quarterly revenue would surpass pre-pandemic levels on surging travel demand, sending its shares higher, reports Reuters. The company said it turned a profit in the month...
LONDON, April 28 (Reuters): Oil prices dipped but were trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China.Brent crude futures were down 63 cents,...
Sonali Bank Limited signed an agreement with the Ministry of Liberation War Affairs to disburse allowances of freedom fighters through its branches, says the bank in a statement.The deal was signed on the ministry premises on Thursday. Sonali Bank Limited...
The Board of Directors of the Crystal Insurance Company Limited recommended on Tuesday 10 per cent cash dividend on the profit of 2021.The Board also accepted the unaudited 1st Quarter (January-March-2022) Financial Statement of 2022, says a press release.The recommendations...
WASHINGTON, Apr 28 (AFP): US economic growth fell 1.4 per cent annualised in the first quarter of 2022 as the Omicron variant of Covid-19 and tapering of government spending hit consumers and business, government data said Thursday.The result was far...
Commerce Minister Tipu Munshi said on Thursday that the US investors would be benefitted if they make investment in the Special Economic Zones (SEZs) in Bangladesh since the government provides special benefits to investors, reports BSS."Following the directives of Prime...
An authorized dealer of Uttara Motors Ltd. named Cantonment Bajaj, Nishchintapur, Cumilla, was inaugurated by Dileep Banerjee, Chief Executive Officer, Bajaj Division of Uttara Motors Ltd, says a press release.The new dealers' showroom is fully air-conditioned with state-of-the-art technology as...
upay, a fast-growing mobile financial service provider in the country, signed an agreement with Election Commission on Tuesday to help pay various service-related fees through upay. The fees include those required for correction of National Identity (NID) card and collection...
The government has started procurement of paddy directly from farmers at Tk 27 per kg, said Food Minister Sadhan Chandra Majumder, reports UNB.Besides, the government will start rice procurement from May 07 and it will continue until August 31, he...
A total of 110 groups were registered, their socio-economic status was enhanced and more than 22,470 people (around 4,216 households) were supported in the surroundings of gas field communities under the project called Jibika, a collaboration between Chevron and BRAC,...
DOULOT AKTER MALA | 2022-04-29 00:00:00
Prioritising the development of entrepreneurship can expedite resilient recovery from Covid-induced economic shock in Bangladesh, Mike Kazi tells the FE in an interview.He urges the policy-makers to provide a guideline for the talented young workforce to become entrepreneurs rather than...
M AZIZUR RAHMAN | 2022-04-29 00:00:00
US oil major Chevron resumes gas supply from its damaged well in Bibiyana hydrocarbon hub, ramping up overall output of the much-needed fuel in Bangladesh.The damaged onshore gas well in Bibiyana, located in Bangladesh's gas-rich northeastern region, is currently producing...
HONG KONG, Apr 28 (AFP): Hong Kong shares closed with strong gains Thursday, in line with an advance across Asia following a positive lead from New York as traders welcomed leaders' pledges to provide support to the stuttering economy.The Hang...
LONDON, Apr 28 (Reuters): Fund managers could ring-fence assets that have become untradable due to sanctions over Russia's invasion of Ukraine in "side pockets", Britain's Financial Conduct Authority said on Thursday.The FCA set out its proposals in a public consultation...
NEW YORK, Apr 28 (AFP): Wall Street stocks rose early Thursday as the market tries shrug off recent weakness while digesting mixed earnings and a surprisingly weak US economic growth report.Standouts among the myriad companies reporting results included Facebook parent...
HONG KONG, Apr 28 (Reuters): Embattled China Evergrande Group is targeting sales of 1 billion yuan ($152.26 million) during China's Golden Week holiday, a person with knowledge of the matter said, as the property developer offers apartments at discounts nationwide.With...
Disbursement of dividend LafargeHolcim Ban-gladesh Limited: The company disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.Reliance Insurance Ltd: The company informed that it has disbursed the cash dividend for the year ended...
A Memorandum of Agreement (MoA) was signed between LafargeHolcim Bangladesh Limited and the Research and Innovation Centre for Science and Engineering (RISE) of BUET. Prof. Satya Prasad Majumder, Vice Chancellor, BUET, and Rajesh Surana, Chief Executive Officer of LHBL, signed...
The 23rd Annual General Meeting (AGM) of Bank Asia Ltd was held virtually through digital platform on Thursday. Mr. Mohd. Safwan Choudhury, Vice Chairman of the Bank, presided over the meeting. The AGM approved 15 per cent cash dividend for...
An agreement was signed with ICB Capital Management Ltd to raise the sales of 15 open end mutual funds of ICB Asset Management Company Ltd on Thursday. Mohd Abul Hossain, Managing Director of Investment Corporation of Bangladesh (ICB), was present,...
The 23rd Annual General Meeting (AGM) of Mercantile Bank Limited was held virtually from its Head Office on Thursday. The meeting was presided over by Morshed Alam M.P, Chairman of the board of directors of Mercantile Bank Limited, while Managing...
Due to unavoidable circumstances, a board meeting of ONE Bank Limited will now be held on April 30, 2022 at 2:30 PM instead of April 27, 2022 at 2:30 PM to consider, among others, audited financial statements of the company...
FE REPORT | 2022-04-29 00:00:00
Union Capital, a listed non-bank financial institution, incurred a net loss over Tk 1.43 billion during the year ended on December 31, 2021 while the company's retained loss stood at nearly Tk 2.90 billion.The non-bank financial institution's total liabilities exceeded...
FE REPORT | 2022-04-29 00:00:00
Stocks slipped into the red on Thursday, the last trading day before Eid holidays, as cautious investors opted for booking profit amid ongoing corporate declarations.Trading and official activities on the bourses will remain closed from May 1 to May 4...
KARACHI, Apr 28 (AFP): A Pakistan separatist group warned Wednesday of more deadly attacks on Chinese targets, a day after a woman suicide bomber killed four people-including three teachers posted from Beijing.The Baloch Liberation Army-one of several groups fighting for...
TOKYO, Apr 28 (TASS): Japanese Ambassador to Moscow Toyohisa Kozuki is not among the eight diplomats who are to be expelled from Russia, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Thursday."I would like to refrain from comments on personal...
UNITED NATIONS, Apr 28 (Xinhua): Measles cases spiked around the world in the first two months of 2022, triggering worries about even larger outbreaks, the UN Children's Fund (UNICEF) and the World Health Organization (WHO) warned Wednesday.Almost 17,338 measles cases...
TAIPEI, Apr 28 (AFP): Taiwan recorded more than 10,000 new infections for the first time on Thursday following the government's decision to move away from its zero-Covid strategy and begin living with the coronavirus.The shift leaves China-and its financial hub...
NEW DELHI, Apr 28 (BBC): Millions of Indians are experiencing a brutal heatwave that is throwing lives and livelihoods out of gear - and there is no relief in sight."Temperatures are rising rapidly in the country, and rising much earlier...
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