If financial markets are right, interest rates won't just stay high this year, but possibly forever, reports Reuters.The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral interest rate that balances...
The Annual Conference 2023 of Pragati Life Insurance Limited was held in Cox's Bazar recently. Chairman of the company Khalilur Rahman inaugurated the conference as the chief guest. Md. Jalalul Azim, CEO, presided over the conference. Additional Managing Director (F&A)...
Exim Bank recently inaugurated a service booth at the Ashkona Hajj camp to provide services to pilgrims during this hajj season. The inauguration ceremony, held at the service booth itself, saw Mohammad Feroz Hossain, managing director and CEO of Exim...
Southeast Bank's training institute recently organised a comprehensive in-house training programme titled 'Marketing Strategy of Southeast Bank's Tijarah Islamic Credit Card: Sales Technique & Product Knowledge'. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and around 55 participants from...
United Commercial Bank (UCB) and Jams Developments & Construction Ltd (JAMS Group) have joined forces to make home loans more accessible for all. They signed a memorandum of understanding (MoU) during a recent ceremony held at UCB's corporate head office....
FE REPORT | 2024-05-14 00:00:00
LafargeHolcim experienced a double digit year-on-year decline in profit in January-March this year, owing to a lower operating income. Its operating profit fell 13 per cent to Tk 2.12 billion in the first quarter through March, compared to the same...
FE REPORT | 2024-05-14 00:00:00
Taufika Foods and Lovello Ice-cream has been witnessing an unabated price hike over the last three and a half months.Since the end of January, the share price jumped 236 per cent. Meanwhile, the Dhaka Stock Exchange (DSE) on Sunday asked...
FARHAN FARDAUS | 2024-05-14 00:00:00
State-run Investment Corporation of Bangladesh (ICB) is forging a survival plan with the hope of receiving promised capital support from the government.The biggest investment bank in the country, it had maintained a strong performance after listing in 1977 through 2011,...
MELBOURNE, May 13 (AP): A light plane with three people aboard landed safely without landing gear Monday after circling an Australian airport for almost three hours to burn off fuel.The pilot, Peter Schott, and his passengers, a 60-year-old man and...
MALÉ, May 13 (AFP): The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.Since winning office last year, President Mohamed...
PARIS, May 13 (AFP): Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.The announcements came on the eve of the seventh Choose...
Citizens Bank PLC has partnered with Trust Bank to offer homebound Western Union-branded money transfer services through the branches of Citizens Bank. Mohammad Masoom, Managing Director & CEO of Citizens Bank, and Ahsan Zaman Chowdhury, Managing Director (In-Charge) of Trust...
Sadharan Bima Corporation on Sunday handed over a death claim cheque for Tk 1.2 million for the death of Air Force Squadron Leader Asim Jawad who died in a recent training aircraft crash. The cheque was handed over to Bangladesh...
Indian High Commissioner Pranay Verma paid a courtesy call on State Minister for Water Resources Zahid Faruk at the latter's secretariat office in Dhaka on Monday. They discussed issues relating to bilateral interests, especially cooperation in the water resources sector,...
DUBAI, May 13 (AFP): Dubai's Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 per cent, as the airline company set a new record for the second year in a row.Citing strong customer demand, it...
TOKYO, May 13 (AFP): SoftBank Group reported Monday a sharply narrowed full-year net loss as the Japanese investment giant pivots into artificial intelligence technologies.For the year to April, SoftBank was 227.6 billion yen ($1.5 billion) in the red compared to...
NEW DELHI, May 13 (Reuters): India's retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on Monday.Annual retail inflation in April was 4.83 per cent, down from 4.85...
ANKARA, May 13 (AFP): Turkey announced Monday a three-year austerity plan aimed at reducing public spending to calm inflation that reached heights of nearly 70 per cent year-on-year in April.The government said it will limit recruitment and transport spending for...
MOSCOW, May 13 (Reuters): Russian wheat export prices rose last week as the current crop was hit by unseasonal May frosts.The price of 12.5 per cent protein Russian wheat scheduled for free-on-board (FOB) delivery in June was $221 a tonne,...
NEW DELHI, May 13 (Reuters): India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.India has been developing the...
Standard Bank PLC has opened a Haj Booth at Haj Camp at Ashkona in Dhaka. Mohammad Mohon Miah, Managing Director & CEO (Current Charge) of the bank, and Muhammad Kamruzzaman, Deputy Secretary and Director of Haj Office, Ashkona, formally inaugurated...
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) hosted a webinar on 'Sustainable Islamic Social Finance Ecosystem' recently, says a press release. Speaking at the webinar, ICMAB President Prof. Dr. Md. Salim Uddin underscored the importance of acquiring...
Bashundhara Cement, a concern of the country's largest business conglomerate Bashundhara Group, signed an agreement with Chinese construction company SDRB-Sinohydro JV which is a Joint Venture of "Shandong Hi-Speed Group & Sinohydro Corporation Limited" to supply exclusively Bashundhara Cement for...
Grameenphone, the country's smart connectivity provider, has partnered with bKash, the largest Mobile Financial Service (MFS) provider, for enabling its customers to seamlessly open bKash accounts directly within the MyGP app. This seamless account opening functionality integrated within the MyGP...
The 17th Dhaka Motor Show 2024 is set to begin at Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital's Purbachal on May 23.Organised by the CEMS Global USA, the three-day show will remain open from 11:00am to 9:00pm every day....
The Venture Capital and Private Equity Association of Bangladesh (VCPEAB) has announced the formation of the Election Board and Appeal Board for the upcoming Executive Council Election.The election to the nine posts of the Executive Council for the term of...
FE REPORT | 2024-05-14 00:00:00
The Foreign Direct Investment Promotion Project (FDIPP) has disbursed over Tk 3.64 billion in the form of loans to 19 eligible end borrowers.The project is supervised by the central bank. Funded by Japan International Cooperation Agency (JICA), the project aims...
FE REPORT | 2024-05-14 00:00:00
Apparel sector leaders on Monday demanded withdrawal of a central bank's circular regarding gas connections to industries located outside the economic zones, and the continuation of cash incentives until 2026. They also voiced grievances about non-cooperation from the customs and...
A corporate agreement was signed between Union Bank PLC and MedRabbits Health care at the bank's head office in Dhaka on Sunday. Under this agreement, the employees of Union Bank and cardholders will enjoy up to 50% discount on healthcare...
Gold prices declined on Monday as investors awaited key US inflation data, which could shed light on the timing of the Federal Reserve's first rate cut, reports Reuters.Spot gold was down 0.7 per cent at $2,344.53 per ounce by 1204...
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