CHATTOGRAM, May 19 (AFP): Bangladesh and Sri Lanka drew the first Test in Chattogram on Thursday after Dinesh Chandimal and Niroshan Dickwella hung on for the visitors in a vital seventh-wicket stand of 99.On the fifth and final day the...
HONG KONG, May 19 (AFP): Markets in Europe and Asia posted losses Thursday, after Wall Street suffered one of its worst batterings in two years.Downcast earnings reports from retailers had exacerbated worries about consumer resilience and corporate profitability Wednesday, sparking...
After a flop debut on stocks exchanges, Life Insurance Corporation's (LIC) shares fell nearly 4 per cent on Thursday, adding to investor's losses from a lower listing on Tuesday, reports NDTV.Indeed, LIC's widely anticipated listing turned lacklustre, with its shares...
Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company's share price continues to fall.In a tweet to Martin Viecha,...
Uttara Bank Limited received a Certificate of Appreciation from Bangladeh Bank (BB) for disbursing 100 per cent stimulus package under Agriculture Refinancing Scheme. Mr. Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank received the Letter of Commendation from...
Bank Asia has been awarded 'Certificate of Appreciation' by Bangladesh Bank for its significant disbursement of stimulus loan under special refinancing scheme of Tk. 5,000 crore in Agriculture sector on Wednesday. Mr. Md. Arfan Ali, President & Managing Director of...
A two-week long Foundation Training for Trainee Assistant Officers (TAO) arranged by Mercantile Bank Training Institute began recently. Md. Quamrul Islam Chowdhury, MD & CEO of the Bank inaugurated the training.
A bilateral business meeting was held between Islami Bank Bangladesh Limited (IBBL) and JPMorgan Chase Bank at Pan Pacific Sonargaon Hotel, Dhaka recently. Mohammed Monirul Moula, MD and CEO of IBBL exchanged views with Ali Moosa, Vice Chairman, Payments &...
Southeast Bank Limited has recently signed a Memorandum of Understanding (MoU) with the Hajj Agencies Association of Bangladesh (HAAB) at HAAB's office in the capital. Mr. M. Kamal Hossain, MD of Southeast Bank Limited and Mr. M Shahadat Hossain Taslim,...
City Bank organised its earnings disclosure web cast event based on 1st Quarter 2022 financial performances. The event was held on Thursday over digital platform. Existing & potential investors across the globe, researchers & analysts and many other individuals involved...
Eastern Bank Limited (EBL), a leading private sector financial institution of the counry has announced 25 per cent dividend for the year 2021 ended on December 31. The dividend includes 12.50 per cent cash and 12.50 per cent stock. The...
FE Report | 2022-05-20 00:00:00
The securities regulator has asked the bourses and depository authority to ensure trades through 'genuine' BO (beneficiary owners) accounts only.The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday delivered the instruction through a letter sent to both the bourses and...
FE REPORT | 2022-05-20 00:00:00
Stocks extended the losing streak for seven days in a row until Thursday as the jittery investors continued to off-load their shares despite regulatory efforts to stop the market fall.Following the previous six days' major fall, the market opened sharply...
Bangladesh Bank handed over letters of appreciation to different banks on Wednesday for achieving their targets in disbursement of loans from the Special Refinance Scheme under the Covid-19 Stimulus Package of Tk. 50 billion (5000 Crore) as follows: Mohammed Monirul...
COLOMBO, May 19 (AFP): Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages.Central Bank of Sri Lanka Governor Nandalal Weerasinghe said...
WASHINGTON, May 19 (Reuters): International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures.Georgieva told Reuters on the sidelines of a G7 finance...
FRANKFURT, May 19 (Reuters) - European Central Bank policymakers expressed widespread concern about the spread of inflation and the only major debate appears to be just how fast and how far they should tighten policy, the accounts of their April...
The growth rate forecast of Pakistan's economy increased significantly during 2021-22, making it the second-highest economic growth recorded over the past four years suggesting recovery of the economy from the Covid-19 pandemic, reports DAWN.The projection came at a time when...
WASHINGTON, May 19 (Reuters): New claims for US unemployment benefits unexpectedly rose last week, but the labor market remains tight amid worker shortages, with the number of Americans on jobless rolls at its lowest since 1969 in early May.Initial claims...
WELLINGTON, May 19 (AFP): New Zealand on Thursday unveiled a big-spending budget including cash handouts to combat the rising cost of living.Prime Minister Jacinda Ardern said she aimed to make the country "ready and secure" to handle the impact of...
BRUSSELS, May 19 (AP): The European Union's executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin's war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient...
TOKYO, May 19 (Reuters): Japan's exports extended double-digit gains for a third straight month in April, but surging global commodity costs inflated the country's import bill to a record, adding to worries about the rising cost of living.Shoring up the...
FE Report | 2022-05-20 00:00:00
More than half of the country's parents and their children are impatient for social preferences which also shape their economic predilections, according to a study. It also found that two?thirds of the parents and children are also willing to take...
FE REPORT | 2022-05-20 00:00:00
Participants at the concluding session of the national conference on the Sustainable Development Goals (SDGs) on Wednesday observed that the country's development has reached a crucial juncture and new ways of thinking for development should be evolved to overcome innumerable...
KÖNIGSWINTER, May 19 (AFP): G7 partners met in Germany on Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy."I'm quite optimistic that we will be...
OUR CORRESPONDENT | 2022-05-20 00:00:00
CHATTOGRAM, May 19: A lighter ship named MV Tamim sank in the Bay of Bengal on Wednesday.MV Tamim loaded with 1,600 tones of wheat worth around Tk 66.4 million sank in Tillarchar area of Ramgoti at around 4pm. The ship...
FE REPORT | 2022-05-20 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the Directorate of National Consumer Rights Protection (DNCRP) on Thursday to inform the traders before carrying out drives in kitchen markets."We call upon the DNCRP to inform us (traders)...
Social Islami Bank Limited (SIBL) arranged a "Workshop on Shariah Awareness in Banking Operation" on a virtual platform on Wednesday. Dr Md Mahbub Ul Alam, chairman of SIBL, spoke as the chief guest. Zafar Alam, Managing Director and CEO of...
FE REPORT | 2022-05-20 00:00:00
Country's poultry sector has sought tax exemption on import of raw materials to continue supplying meat and eggs in the local market at reasonable prices. They claimed that the prices of raw materials for poultry feeds have recently increased by...
CHAPAINAWABGANJ, May 19 (BSS): Three paddy workers were killed and seven others injured as their paddy-laden truck turned turtle in the Jamtala Pawel area on the Amnura-Nayagola road in Sadar upazila on Wednesday afternoon.The deceased were identified as Bulbul, 30,...
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