A parliamentary delegation headed by Speaker Dr Shirin Sharmin Chaudhury left the capital on Tuesday night for Switzerland to attend a meeting in Geneva, reports UNB.They will participate in an event titled "First Meeting of the Preparatory Committee for the...
The BNP has expelled five more of its grassroots leaders for participating in the second phase of upcoming upazila elections by violating the party's decision, reports UNB.With this latest action, the party has so far expelled 148 leaders for contesting...
Dhaka Metropolitan Detective Police say they have arrested three members of the banned militant outfit Jama'atul Ansar Fil Hindal Sharqiya, reports bdnews24.com.The police media cell shared the information in a press statement on Monday night but did not provide details...
BNP senior leader Gayeshwar Chandra Roy on Tuesday said the first phase of upazila elections outshined the 12th parliamentary election in terms of the presence of voters, reports UNB.Speaking at a memorial meeting, he also compared the current government to...
Foreign Minister and Joint General Secretary of Awami League Hasan Mahmud on Tuesday said BNP, after the failure of their plot in the last election, is conspiring against the country by joining the international Israeli lobby, reports UNB."BNP-Jamaat is doing...
Road Transport and Bridges Minister and General Secretary of the Awami League, Obaidul Quader, has said that the government is indifferent to US sanctions and visa policies. His comments came during a discussion on Tuesday with journalists at the Secretariat...
LONDON, May 14 (Reuters): Oil company Chevron was the most shorted US stock in April, overtaking long-standing top target Tesla as short-sellers up their bets on weaker energy prices, according to a monthly report by data and tech firm Hazeltree.Chevron...
HONG KONG, May 14 (Reuters Breakingviews): Investors have intervention on the brain. Following the Bank of Japan's recent attempt to halt the yen's slide against an ascendant US dollar, clients are peppering banks with questions about whether Beijing might soon...
LONDON, May 14 (Reuters Breakingviews): The dollar is casting a long shadow over the world. The US currency has surged on the back of American economic resilience and higher interest rates. Prudent fiscal management and less foreign currency debt has...
MUMBAI, May 14 (Reuters): Foreign investors are loading up on options to hedge their equity portfolios against a slide in benchmark indexes as they worry that Prime Minister Narendra Modi's party may not achieve the landslide victory predicted by opinion...
MUMBAI, May 14 (Reuters): India's markets regulator and exchanges will tighten rules for public offers of small and medium enterprises (SMEs), according to two sources, after complaints of misuse of a separate listing platform introduced in 2012 to enable small...
Eastland Insurance Company Limited has signed a bancassurance agreement with United Commercial Bank (UCB) at UCB corporate head office recently. Shahid-E-Monzoor Morshed, chief executive officer of Eastland Insurance, and Arif Quadri, managing director & CEO of United Commercial Bank, signed...
The 14th annual general meeting (AGM) of Primary Dealers Bangladesh Limited (PDBL) was held recently. The meeting was chaired by Md. Afzal Karim, managing director & CEO of Sonali Bank, according to a press statement. Representatives from 20 member banks,...
Md. Nurul Hasnat has recently been promoted to the position of additional managing director at IFIC Bank, according to a press statement.He joined IFIC Bank in 2013 as an executive vice president (EVP) and served in various corporate branches as...
Prime Bank received accolades in three categories at The Asset Triple A Awards 2023 in Bangladesh, cementing its position as a leader in sustainable finance. The bank was recognised in the catagoreis of "Best Syndicated Loan - Microfinance & Agribusiness,"...
FE REPORT | 2024-05-15 00:00:00
Bata Shoe's profit jumped 35 per cent year-on-year to Tk 0.18 billion in the first quarter of this year, driven by winter and Eid sale bonanza. Thus the earnings per share stood at Tk 13.42 for the January-March quarter of...
FE REPORT | 2024-05-15 00:00:00
The Dhaka bourse on Tuesday experienced a sharp decline in the broad index as a majority of listed securities, including blue chips, saw correction.The Dhaka Stock Exchange (DSE) opened the day's session flat and soon the DSEX started to decline....
FE REPORT | 2024-05-15 00:00:00
Despite being efficient in management, British American Tobacco Bangladesh Company (BATBC) experienced a 9.41 per cent year-on-year decline in profit in the first quarter through March this year due to lower revenue. The company's management efficiency is reflected in the...
China's Alibaba Group Holding reported an 86 per cent plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its US-listed shares down 3 per cent in premarket trading though revenue beat analysts' estimates, reports...
Melinda French Gates is leaving the charitable foundation she co-founded with former spouse Bill Gates more than 20 years ago and will get $12.5 billion for her own work to uplift women and families, she said on Monday, reports Reuters.The...
The 21st Annual General Meeting (AGM) and 5th Extra Ordinary General Meeting (EGM) of National Finance Ltd (NFL) was held at a city hotel recently. Chairman of the Board Md. Abdul Mannan Bhuiyan presided over the meeting. The Board of...
Roads and Highways Department organised an 'Innovation Showcasing' at the Department in the city recently, aiming to promote e-governance and innovation activities. Secretary of the Road Transport and Highways Division ABM Amin Ullah Nuri inaugurated the event. At the event,...
Rupali Bank PLC held a meeting with the stakeholders on the national integrity strategy in Barishal on Monday. Joint Secretary of The Financial Institutions Division Badre Munir Ferdous was present as the chief guest and Joint Secretary of the same...
Selim Barkat, current Country Manager for Habib Bank Ltd. (HBL) Bangladesh, has been appointed as the Regional General Manager for HBL. With this appointment, Selim will cover HBL's operations in Sri Lanka and Maldives in addition to his current responsibility...
NEW DELHI, May 14 (Reuters): India's wholesale price-based inflation rose 1.26 per cent in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday.The April figures were higher than the 1...
FE REPORT | 2024-05-15 00:00:00
The government has expanded the coverage of the pilot employment injury scheme to include compensation for accidents that may occur when workers commute to and from their work.The eighth meeting of the Employment Injury Scheme (EIS) Pilot governance board on...
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has announced a loan commitment of 50 million US dollars to BRAC Bank, a leading SME bank in Bangladesh, to support small businesses and women entrepreneurs, reports...
Janata Capital and Investment Limited (JCIL), a subsidiary of Janata Bank PLC, launched a new product for stock market investors. MD and CEO of Janata Bank and Chairman of JCIL Md Abdul Jabbar along with JCIL CEO Shahidul Haq and...
Gold prices firmed on Tuesday as investors awaited the crucial inflation report this week, which can significantly influence the outlook on US interest rates, reports Reuters.Spot gold was up 0.4 per cent at $2,345.39 2 per ounce by 1209 GMT,...
The 18th Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently with Dr Syed Muhammed Emdad Uddin in the chair, says a press release. Board members Maulana Sayed Kamaluddin Abdullah...
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