China will make port operations more efficient and hold more online trade fairs as part of a suite of new measures to ease pressure on the country's foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday, reports Reuters.Export growth...
The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy, reports Reuters.The...
The AIUB Social Welfare Club-Shomoy of the American International University-Bangladesh (AIUB), in collaboration with the Department of Chemistry, organised a series of events to celebrate the World Environment Day 2022. The event was inaugurated on June 5 by Nadia Anwar,...
LONDON, June 8 (Reuters): Britain's financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon, Google and Microsoft that provide "critical" services to financial firms, the finance ministry said on Wednesday.Banks have moved some...
High Commissioner of Bangladesh to the United Kingdom Saida Muna Tasneem paid a courtesy call on FBCCI President Md Jashim Uddin at FBCCI ICON in the city on Wednesday. They discussed the prospects and challenges to boost bilateral trade and...
Concord has been awarded the National Environment Medal for its outstanding contribution to environment protection and pollution control. Managing Director of Concord Group Shahriar Kamal received the award from the Chairman of Parliamentary Standing Committee of the Ministry of Environment,...
FE REPORT | 2022-06-09 00:00:00
Frozen food exporters have urged the government to increase cash incentives on their exports to 20 per cent from existing 10 per cent, as the sector has been hit hard by the Russia-Ukraine war.President of the Bangladesh Frozen Food Exporters...
Bangladesh Bank has promoted GM Abul Kalam Azad to the post of executive director (Ex-Cadre Publications), according to a statement. The Human Resources Department of the central bank issued an office order in this regard on Wednesday.Prior to his new...
The 'Remittance Service Month' was inaugurated at the Bangladesh Krishi Bank's Head Office in the capital on Wednesday, says the bank in a statement. Managing Director of Bangladesh Krishi Bank (BKB) Md Ismail Hossain inaugurated the month from 08 June...
Eastern Bank Limited (EBL), one of the leading commercial banks in Bangladesh, has launched co-branded credit card with Dhaka Stock Exchange (DSE) in association with Visa. This EBL-DSE Visa co-branded credit card is exclusively designed for the employees of DSE...
Islami Bank Bangladesh Limited signed an agreement with e-Commerce Association of Bangladesh (e-CAB) for launching e-CAB co-branded dual currency prepaid card, says a press release. The card will facilitate members of e-CAB to spend up to 10,000 US dollars in...
FE REPORT | 2022-06-09 00:00:00
The government has formed a high-powered committee to oversee the overall purchases and sales activities of rawhide and skins of sacrificial animals during Eid-ul-Azha.Besides, it will prepare a work plan one month before the festival in consultation with the stakeholders.The...
The Indo Global SME Chamber (IGSC) of India and the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka have agreed to work together towards enhancing bilateral trade between India and Bangladesh.They also emphasized the need for reducing barriers to movement...
FE REPORT | 2022-06-09 00:00:00
Traders at Moulvibazar in the city have urged the government to amend the age-old commodities law against the backdrop of changing global business environment.They made the call following rift and misunderstanding, developed between the government's mobile teams and the traders...
HONG KONG, June 8 (Reuters): A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered bank said on Wednesday.Serai, a wholly-owned subsidiary...
Some foreign investors returned to China's battered stock and bond markets in May as Beijing stepped up efforts to stimulate the economy following months of COVID lockdowns and heightened global political tensions, reports Reuters.Even as tough anti-virus restrictions persisted, foreign...
LONDON, June 8 (AFP): Stock markets diverged on Wednesday as investors weighed recession prospects and inflation around the world hit the highest levels in decades.The yen hit fresh multi-year lows against the dollar and euro with the Bank of Japan...
Board meetingsRepublic Insurance Company Ltd: A board meeting of the company will be held on June 13, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended March 31, 2022.Express...
National Life Insurance Company Limited paid insurance claim worth Tk 43.20 million at Chittagong Press Club recently. Chief Executive Officer of the company Md Kazim Uddin distributed cheques among the recipients as the chief guest.
Midland Bank Limited (MDB), in collaboration with USHA Foundation, an NGO, disbursed loans directly to the customers of Jamdani Cluster, Narayanganj, under cluster based financing in the CMSME sector. The bank disbursed Tk.10 million among 40 entrepreneurs through an Open...
Exim Bank has provided 100 mattresses for the Hajj pilgrims staying at Ashkona Hajj Camp during Hajj season. Joint Director of Ministry of Religious Affairs and Director of Hajj Office Md. Saiful Islam received the mattresses from Exim Bank's Managing...
MTB Foundation, with a view to commemorating the World Environment Day 2022 and its theme - 'Only One Earth', recently signed an agreement with Association of Voluntary Actions for Society (AVAS) for a project titled "Alternative Livelihood through Environment-friendly Initiative...
FE REPORT | 2022-06-09 00:00:00
Stocks bounced back on Wednesday, snapping a two-day losing streak, as bargain hunters put fresh bets on selective stocks riding on positive expectations from the upcoming national budget.Finance Minister AHM Mustafa Kamal is set to unveil the national budget for...
Mr. Mahbubur Rahman has been re-elected as Chairman of National Housing Finance And Investments Limited at its 237th meeting of the Board held recently for further 2 years. He is the president of International Chamber of Commerce (ICC) - Bangladesh...
BABUL BARMAN | 2022-06-09 00:00:00
The government revenue earnings from the Dhaka Stock Exchange (DSE) dropped by 19 per cent month-on-month in May on the back of falling turnover value.The government collected revenue worth Tk 176 million in May which was Tk 218 million in...
FE Report | 2022-06-09 00:00:00
Navana Pharmaceuticals will raise Tk 750 million from the capital market under book building method.The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday decided to approve the company's proposal for the IPO (initial public offering).At Wednesday's meeting, the securities regulator...
Minhazur Rahman Shafin | 2022-06-09 00:00:00
The young generation has made Bangladesh proud once again as seven Bangladeshis have made it to the prestigious 'Forbes 30 under 30' Asia class of 2022. Among the brainiacs who made it into the list, there was a visionary whose...
Md Zahidur Rabbi | 2022-06-09 00:00:00
There is no way to ignore the rising trend in online delivery in Bangladesh. Be it food, parcels, or purchases from e-commerce sites, receiving parcels has become a part of our lives for quite some time. With such an opportunity...
Humaira Afreen | 2022-06-09 00:00:00
Planting a seed is akin to starting a business. To foster a startup without expecting anything in return, utmost attention, endless labour, and money are required. When the business starts to make money, all of these efforts appear to be...
Gold prices slipped on Wednesday as the dollar and U.S. Treasury yields rallied in the run-up to the last inflation reading before this month's policy meeting of the Federal Reserve, reports Reuters.Spot gold fell 0.1% to $1,850.10 per ounce by...
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