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ADB's fossil fuel focus raises alarms

FE REPORT | 2025-12-08 00:00:00

Bangladesh has so far received US$17.34 billion in 106 projects from the Asian Development Bank (ADB), including nearly $6.0 billion for 36 gas-focused schemes that collectively support 3,659MW generation capacity, a new study has revealed. Civil society groups say this...

Nov PMI falls as economic expansion slows sharply

FE REPORT | 2025-12-08 00:00:00

Bangladesh's Purchasing Managers' Index (PMI) declined by 7.8 points to 54 in November last over the previous month, reflecting a slower expansion in key economic sectors.A PMI reading above 50 indicates that the sector/economy is generally 'expanding' while a reading...

Prayer Timings (2025-12-08)

2025-12-08 00:00:00

FE Anniversary Supplement (2025-12-08)

2025-12-08 00:00:00

Capital witnessed significant traffic congestion

2025-12-08 00:00:00

The capital witnessed significant traffic congestion on Sunday as several groups staged protests across different parts of the city to press home their demands. The photo was taken in the Agargaon Metro Rail Station area. — FE Photo by K...

Rupali Haque elected FICCI president for 2026-2027

FE REPORT | 2025-12-08 00:00:00

Rupali Haque Chowdhury, managing director of Berger Paints Bangladesh Limited, has been elected president of the Foreign Investors' Chamber of Commerce and Industry (FICCI) for the 2026-2027 term.Besides, Deepal Abeywickrema, chairman and managing director of Nestlé Bangladesh PLC, and Mohammad...

Govt to finalise it today, business leaders raise concerns

JASIM UDDIN | 2025-12-08 00:00:00

Business leaders have expressed concern that the ongoing amendment to the rules governing trade organisations may fail to ensure the emergence of proper business leadership for the country's economic development, despite the government's year-long efforts to streamline the regulations.They have...

Inflation up for food-price rises

JASIM UDDIN HAROON | 2025-12-08 00:00:00

Inflation edges up in Bangladesh as some pricier key consumer items drive November count to 8.29 per cent, overshooting the central bank's 6.5-percent annual target for this fiscal year. According to official data released Sunday, the month's reading was 0.12-percentage-point...

Zubaida visits Evercare to monitor Khaleda's condition

2025-12-08 00:00:00

BNP Acting Chairman Tarique Rahman's wife, Dr Zubaida Rahman, visited Evercare Hospital on Sunday afternoon to be with her critically ill mother-in-law, BNP Chairperson Khaleda Zia, and monitor her health, reports UNB.BNP Media Cell member Atikur Rahman Rumon said Zubaida...

Rent-seeking, bureaucracy-business nexus threaten dev prospects, says adviser

FE REPORT | 2025-12-08 00:00:00

Bangladesh's long-term development prospects may face serious setbacks unless rent-seeking in politics and the collusive nexus between business and bureaucracy are dismantled, Planning Adviser Dr Wahiduddin Mahmud said on Sunday.He said meaningful institutional reform, an efficient bureaucracy and strong political...

Schedule this week, voting time extended for twin balloting

FE REPORT | 2025-12-08 00:00:00

Schedule this week for holding parliamentary polls and referendum early next February with the timing for twin vote extended by an hour, the Election Commission decided Sunday and apprised the government about its preparation. The one-hour time extension comprises half...

Bankers given until end of Dec to downsize bloated NPLs

FE REPORT | 2025-12-08 00:00:00

Commercial banks in Bangladesh are now given a cutoff time until end of this month to significantly downsize mounting non-performing loans to clean up their year-end balance sheets.Spelling out this direction at a meeting with bankers Sunday, the central bank...

Advent's $1.b deal talks for Whirlpool India stake collapse

2025-12-08 00:00:00

MUMBAI, Dec 07 (Reuters): Global private equity firm Advent International's talks to acquire US giant Whirlpool's India unit for up to $1.0 billion have collapsed due to disagreements over valuation, four people familiar with the matter told the news agency.Advent...

Saudi Arabia's int’l trade hits $144.3b in Q3

2025-12-08 00:00:00

RIYADH, Dec 07 (Arab News): Saudi Arabia's total international trade reached SR540.5 billion ($144.3 billion) in the third quarter of 2025, marking annual growth of 8.6 per cent, or SR43 billion, compared with SR497.5 billion in the same period last...

Apple, Google send new round of cyber threat notifications to users around world

2025-12-08 00:00:00

WASHINGTON, Dec 07 (Reuters): Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats.Apple and the Alphabet-owned Google...

Tesla launches low-cost Model 3 variant

2025-12-08 00:00:00

STOCKHOLM, Dec 07 (Reuters): Tesla launched the new, lower-priced version of its Model 3 car in Europe on Friday, two months after its U.S. debut, aiming to boost sales as competition intensifies and demand slows.Tesla is grappling with softening demand...

UBS may cut further 10,000 jobs by 2027

2025-12-08 00:00:00

VIENNA, Dec 07 (Reuters): UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information.Responding to the report, UBS did not confirm this number, but said it would "keep...

COMMUNITY BANK HOLDS ANNUAL RISK CONFERENCE 2025

2025-12-08 00:00:00

Community Bank Bangladesh PLC held its Annual Risk Conference 2025 at a city hotel on Saturday. ANM Moinul Kabir, Director, DOS-2, Bangladesh Bank, attended the event as the chief guest. Joint Directors of Bangladesh Bank Mahmuda Haque and M.M. Apurba...

Musk denies $800b SpaceX valuation reports

2025-12-08 00:00:00

NEW YORK, Dec 07 (Reuters): CEO and billionaire Elon Musk denied news reports that his rocket and satellite maker SpaceX is seeking a $800 billion valuation through a share sale.“There has been a lot of press claiming SpaceX is raising...

Sonali Bank participates in National SME Fair-

2025-12-08 00:00:00

Sonali Bank PLC has participated in the 12th National SME product fair 2025 at Bangladesh-China Friendship Conference Center on Sunday. MD & CEO of Sonali Bank Md. Shawkat Ali Khan, General Manager Kazi Md. Mofizul Islam and others top officials...

Al-Arafah Islami Bank inaugurates stall at SME Product Fair

2025-12-08 00:00:00

Managing Director (Acting) of Al-Arafah Islami Bank Mohd. Rafat Ullah Khan inaugurated a stall at the 12th National SME Product Fair at the Bangladesh-China Friendship Conference Center on Sunday. Deputy Managing Director S. M. Abu Jafar, Executive Vice President Jalal...

Islami Bank launches stall at 12th National SME Fair

2025-12-08 00:00:00

Islami Bank Bangladesh PLC launched a stall at the 12th National SME Fair 2025, a seven-day event organised by the SME Foundation. Md. Omar Faruk Khan, Managing Director of the bank, inaugurated the stall at the Bangladesh-China Friendship Conference Center...

BD, Thailand willing to expand trade relations

FE REPORT | 2025-12-08 00:00:00

Bangladesh and Thailand want to further expand their existing trade relations and make more effective use of maritime transport facilities between the two nations.The views came when Thailand Ambassador to Bangladesh, Thitiporn Chirasawadi, made a courtesy call on Commerce Adviser...

Mobile phone traders demand reforms to NEIR

FE REPORT | 2025-12-08 00:00:00

Mobile phone traders on Sunday staged a demonstration in the capital's Agargaon area demanding the reform of NEIR initiative.The road in front of BTRC building was blocked as part of the protest - held under the banner of "Bangladesh Mobile...

Adilur for strengthening SME Foundation

FE REPORT | 2025-12-08 00:00:00

Advisor for Industries, Housing and Public Works Adilur Rahman Khan has laid importance on strengthening the SME Foundation structurally to further energise the small and medium enterprise sector and accelerate its development for expanding domestic and international markets for different...

Volkswagen to invest $186b through 2030, CEO says

2025-12-08 00:00:00

FRANKFURT, Dec 07 (Reuters): Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe's top automaker faces a major crisis in its two key markets, China and the United...

BANK ASIA ORGANISES REGIONAL WORKSHOP IN JASHORE

2025-12-08 00:00:00

Bank Asia, in collaboration with the Bangladesh Financial Intelligence Unit (BFIU), organised a day-long "Regional Workshop on Proactive Transaction Monitoring for Automated Early Alert Generation of Trade-Based Money Laundering" in Jashore. BFIU Additional Director Ruman Ahamed attended the programme as...

MODHUMOTI BANK GIVES ELECTRIC CART TO DEPARTMENT OF PRISONS

2025-12-08 00:00:00

Modhumoti Bank on Thursday donated a 12-seater electric cart under the bank's corporate social responsibility (CSR) programme to the Department of Prisons to facilitate transportation inside Dhaka Central Jail. Humayun Kabir, chairman of the board of directors of Modhumoti Bank,...

MTB INAUGURATes ENTREPRENEURSHIP DEVELOPMENT PROGRAMME IN JASHORE

2025-12-08 00:00:00

Mutual Trust Bank (MTB) inaugurated a month-long entrepreneurship programme in Jashore in collaboration with the Bangladesh Bank. Twenty-five entrepreneurs have registered with the programme funded by the Asian Development Bank and implemented by the Ministry of Finance. Husne Ara Shikha,...

Macron threatens China with tariffs over trade surplus

2025-12-08 00:00:00

PARIS, Dec 07 (AFP): French President Emmanuel Macron said he has threatened China with tariffs if Beijing fails to take steps to reduce its massive trade surplus with the EU, in remarks published Sunday."I told them that if they don't...