FE REPORT | 2024-05-16 00:00:00
A weeklong 11th National SME Products Fair will begin on May 19 aiming to promote the country's small and medium enterprises (SMEs). With the support of Ministry of Industries, the SME Foundation is organising the fair at Bangabandhu International Conference...
FE REPORT | 2024-05-16 00:00:00
The factory owners of all sectors, including readymade garment (RMG), have been urged to pay monthly wages and Eid bonus to the workers before the Eid holiday starts.State Minister for Labour Md Nazrul Islam Chowdhury made the call at the...
FE REPORT | 2024-05-16 00:00:00
Proper policy support and required incentives can create a $10 billion semiconductor industry by 2041 in Bangladesh.Experts made the observation at a seminar on 'Unleashing the potential of semiconductor industry in Bangladesh' organised by Dhaka Chamber of Commerce and Industry...
BENGALURU, May 15 (Reuters): Drugmaker Granules India posted a 1.6 per cent fall in fourth-quarter revenue on Wednesday, hurt by a decline in paracetamol sales and price erosion.The company's consolidated revenue fell year-on-year to 11.76 billion rupees (nearly $141 million)...
WASHINGTON, May 15 (Reuters): A bipartisan group of US senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards.Generative AI - which can create...
HONG KONG, May 15 (Reuters): Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone's throw away from Apple shops, as it seeks to retake the premium electronics throne in the world's...
MOUNTAIN VIEW, California, May 15 (Reuters): Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with...
NEW YORK, May 15 (Reuters): Investors' newfound optimism on the US economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that have fueled recent gains in equities are justified.Investors' resurgent...
LONDON, May 15 (Reuters Breakingviews): Among banking's top jobs, treasurer might be one of the least glamorous, and the most obscure. Executives like Citigroup's Andrei Magasiner, Bank of America's Shannon Lilly and JPMorgan's Charles Bristow get far less attention than...
BENGALURU, May 15 (Reuters): India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.With this, India has further narrowed the gap with China...
Electro Mart Group has launched a month-long special promotional campaign recently for retail and wholesale customers on the occasion of the Eid-ul-Azha for its Konka and Haiko brand electronics. During this campaign, retail customers will get a scratch card on...
The first meeting of the Parliamentary Standing Committee on Ministry of Textiles and Jute of the 12th National Parliament was held at the Jatiya Sangsad Bhaban on Wednesday. Chairman of the committee Golam Dastgir Gazi, MP presided over the meeting...
The 579th meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held at its head office in Dhaka on Wednesday. RAKUB Chairman Md Raisul Alam Mondal presided over the meeting. The financial statements for financial year...
Grameenphone and TVS Auto Bangladesh Ltd signed a Memorandum of Understanding on Tuesday. Under this agreement, Grameenphone's vehicle tracking system device 'Grameenphone-Alo' will be available at designated showrooms of TVS Auto. CEO of TVS Auto Biplob Kumar Roy and CBO...
Unilever Consumer Care Limited held its 51st Annual General Meeting (AGM) virtually on Tuesday. At the meeting, shareholders approved the directors' report, auditor's report, and audited financial statements for the year ended December 31, 2023, where the declaration of a...
Agriculture Minister Dr M Abdus Shahid said on Wednesday that necessary steps will be taken to increase budget for the agriculture sector, reports BSS."The government will take necessary initiatives to raise more budgets for the agriculture sector, as the government...
Southeast Bank distributed its special CSR fund to farmers for crop cultivation and the purchase of farming machinery. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, presented financial assistance to grassroots farmers from across the country at the bank's...
Mutual Trust Bank (MTB) has announced a strategic partnership with ShareTrip Pay, the country's first travel wallet and a subsidiary of ShareTrip. Syed Mahbubur Rahman, managing director and CEO of MTB, and Kashef Rahman, founder and CEO of ShareTrip Pay,...
K A R M Mostafa Kamal has been appointed deputy managing director and chief human resources & logistics officer of IFIC Bank recently, according to a press release. Mr. Kamal previously served as the bank's head of Human Resource Management.He...
Eastern Bank (EBL) and the US Department of State have signed an agreement to collaborate on the 'EBL Climate Change Adaptation Award'. This annual award will recognise and celebrate best practices by Bangladeshi corporations, manufacturers, NGOs and climate activists for...
MOHAMMAD MUFAZZAL | 2024-05-16 00:00:00
The securities regulator and market operators have put their heads together to change rules for margin loans to stem a further rise of negative equity as they consider it crucial for market stability. A committee comprising representatives from the Bangladesh...
Gold prices climbed to a more than three-week peak on Wednesday, aided by a weaker dollar and yields after data showed the US consumer price index rose less than expected in April, boosting chances of interest rate cuts by the...
NEW DELHI, May 15 (Reuters): Wheat stocks in India's government warehouses on May 1 were down 10.3 per cent year on year to their lowest since 2008 after two years of low crops prompted the sale of record volumes to...
.Australia's Qantas Airways said on Tuesday it will suspend flights to Shanghai starting on July 28, citing low demand, nine months after the Australian flag carrier resumed service from Sydney on hopes of a travel rebound following the pandemic, reports...
LONDON, May 15 (Reuters): Oil prices slipped on Wednesday as International Energy Agency (IEA) data showed demand in developed countries was forecast to flag this year as inflation remains persistent.Brent crude futures were down 54 cents or 0.6 per cent...
India downplays US sanctionsthreat overIran port dealNEW DELHI, May 15: India's foreign minister has said his company will work to communicate the benefits of a strategic port project in Iran, after the United States said Indian firms working on the...
COPENHAGEN, May 15 (AFP): Cardiovascular disease is responsible for 40 percent of deaths in Europe, the WHO said on Wednesday, urging Europeans to cut their salt intake.That amounts to 10,000 deaths a day, or four million a year, "Implementing targeted...
KHARKIV, May 15 (BBC): Ukraine has pulled back its troops from several villages in the border region of Kharkiv following continued pressure from Russian forces. Soldiers had come under heavy fire and moved to "more advantageous positions" in two areas...
OCALA, May 15: Mexican citizens were among those going to work at a Florida watermelon farm on Tuesday when the bus they were traveling in was sideswiped and crashed, killing eight people, officials said. Alicia Bárcena, Mexico's foreign relations secretary,...
GAZA, May 15 (Reuters/AP/BBC): Israeli troops fought militants across Gaza on Wednesday, including in the southern city of Rafah that had been a refuge for civilians, in an upsurge of the more than seven-month war that has killed tens of...
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