FE REPORT | 2022-04-25 00:00:00
The central bank asks authorised dealer (AD) bankers to insurance their export financing to cover risk of any deceitful dealings.As an extra comfort, the banks have been advised to safeguard their financing from default risk through insurance coverage under credit-...
FE Report | 2022-04-25 00:00:00
Peter Haas, the United States (US) Ambassador in Bangladesh, firmly said on Sunday that his government would not take any side in the upcoming general election here.Reiterating the US government's commitment across the world to help countries strengthen democracy, he...
DOULOT AKTER MALA | 2022-04-25 00:00:00
Bangladesh Trade and Tariff Commission (BTTC) suggests cuts in taxes on sunflower, olive and canola oils to help dilute dependence on widely consumed soybean and palm oils.Sunflower, olive and canola oils are expensive in Bangladesh because of higher duty and...
Shahjalal Islami Bank Limited organised an Ifter Mehfil and discussion on "the Significance of Mahe Ramadan" Saturday at the Ramganj branch premises of Laxmipur district. The Director of Shahjalal Islami Bank Limited, Chairman of the bank foundation and member of...
The 26th annual general meeting (AGM) of Dutch-Bangla Bank Limited was held on Sunday through a virtual platform under the Chairmanship of Sayem Ahmed, Chairman, the board of directors of the bank. In the AGM, the shareholders approved 27.5 per...
The 23rd Annual General Meeting of Nitol Insurance Company Limited was held virtually on Sunday. Mr. A K M Monirul Hoque, Chairman of the Company, and Vice President of Bangladesh Insurance Association (BIA) presided over the meeting. Chief Executive Officer...
AB Bank recently organised an awareness programme in a local hotel at Bogura on A-Challan by which income tax, passport fees and other government revenue can be paid through AB Internet Banking. Tarique Afzal, President & Managing Director of AB...
Dhaka Bank Limited and Ananta Real Estate Limited signed an MoU recently at the corporate head office premise of Dhaka Bank, Dhaka for offering home loan services to clients. Emranul Huq, Managing Director & CEO of Dhaka Bank, and Sharif...
Disbursement of dividend The Dacca Dyeing & Manufacturing Co. Limited: The company has disbursed cash dividend for the year ended on June 30, 2021 to the respective shareholders through BEFTN and Warrant.Suspension of tradingUnited Commercial Bank: Trading of the shares...
RIYADH, Apr 24 (Arab News): Saudi stocks opened lower during the first trading session of the week following investors' confusion over price movements in the energy market.Both the main index, TASI, and the parallel market, Nomu, opened 0.58 percent lower...
HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the financial year 2021-22, according to NDTV.The board at its meeting has recommended a dividend of Rs 15.50 per equity share of...
NEW DELHI, Apr 24 (NDTV): Indian equity markets may face volatility this week amid monthly derivatives expiry, and global trends along with the ongoing quarterly earnings by corporates would continue to play a major role in trading movement, analysts said.Markets...
BRAC Bank has contributed 5 per cent of its total CSR budget for the year 2022 to the Prime Minister's Education Assistance Trust, said a statement.Prime Minister's Education Assistance Trust is a Bangladesh government trust fund under the Ministry of...
FE REPORT | 2022-04-25 00:00:00
The record date for entitlement of Sonali Paper & Board Mills' rights share is set on May 23 while subscription will begin on June 7.The subscription period for the company's rights share will continue until June 28, aiming to raise...
Mutual Trust Bank Ltd (MTB) recently closed term loan deal of US$ 15 million with four funds managed by responsAbility Investments AG. This is the first long term Secured Overnight Financing Rate (SOFR)-based borrowing for the Bank, said a statement....
FE Report | 2022-04-25 00:00:00
Khulna Power Company Ltd. (KPCL), a listed power producer, will sell its 110MW barge mounted power plant at a value of US $15 million to a US-based company.The KPCL has signed an agreement with Excelerate Global Operations LLC of USA...
FE REPORT | 2022-04-25 00:00:00
The market witnessed yet another bullish session on Sunday while turnover rose to Tk 8.95 billion on the prime bourse, as institutional investors injected fresh funds into major sector stocks.The market opened higher and the key index rose about 58...
While the Kazakhstani government has pledged to supply regional markets with wheat, many flour millers have ceased operations due to a lack of imports from Russia, according to a report from the Foreign Agricultural Service of the US Department of...
TOKYO, Apr 24 (Reuters): Japan's crude steel output in March fell 4.3 per cent from a year earlier, the Japan Iron and Steel Federation said on Thursday, citing continued slow automobile production because of microchip and parts shortages.Output in Japan,...
The capital and the most populous city of Nepal is now connected to Saudi Arabia for the first time. Nepal Airlines Corporation, the flag carrier of the mountainous Asian region, launched its service from Nepal's Tribhuvan International Airport, reports simpleflying.com.The...
LONDON, Apr 24 (Reuters): Asian spot liquefied natural gas (LNG) prices were down last week on softer Spring demand but further downside is limited as Asian buyers are expected to start to return to the market.The average LNG price for...
CAIRO, Apr 24 (AFP): Young men on bikes and scooters zip through Cairo, Egypt's sprawling megalopolis, dodging cars to deliver more than a million orders each day, with little physical or legal protection.Egypt's digital gig economy is growing, as economic...
RIYADH, Apr 24 (Arab News): Saudi shipping firm Bahri saw its profit surge by 49 per cent to SR64.9 million ($17 million) during the first quarter of 2022 on higher oil revenues.The firm, which is a joint venture between the...
RIYADH, Apr 24 (Arab News): The UAE-based food packaging manufacturer Hotpack Global is planning to invest 350 million dirhams ($95 million) over the next 10 years to build 10 biodegradable packaging plants in Malaysia. This comes in partnership with a...
SHANGHAI, Apr 24 (Reuters): Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters.The planned cuts come a week after regulators encouraged smaller banks...
FE Report | 2022-04-25 00:00:00
The festive seasons remained cloaked in uncertainty due to the Covid-19 pandemic in recent years.Despite the ongoing concerns, the pandemic painted a positive picture of the digital payment ecosystem in the last two years, with buyers increasingly accepting cashless modes...
NEW DELHI, Apr 24 (Reuters): Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident.Scooters involving Indian start-ups Okinawa and PureEV...
Increased business interactions and collaboration between apparel and textile exporters of Bangladesh and India can open up new trade opportunities, said BGMEA President Faruque Hassan, reports BSS.It is important to explore more avenues and platforms to bring manufacturers and exporters...
ACI Motors has recently introduced brand new ambulance from Foton International in Bangladesh, says a press release.Imported with fully factory fitted accessories, the ambulance has unique features ensuring comforts of both patient and driver, which are not available in locally...
FE REPORT | 2022-04-25 00:00:00
Bangladesh Garment Manufactur-ers and Exporters Association (BGMEA) has urged the government to cut all illegal gas connections in the country to ensure smooth supply of gas to legal users, including industries.BGMEA President Faruque Hassan made the call on Sunday in...
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