LONDON, Mar 24 (Reuters): British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update...
LONDON, Mar 24 (Reuters): European economies face the risk of a shortage of diesel, the preferred fuel for heavy industry, as sanctions on Russian energy threaten to disrupt imports while supply from elsewhere remains limited.Russia is Europe's largest supplier of...
Chinese telecom giant Huawei and the Bangladesh University of Engineering and Technology (BUET) have set up an ICT academy to equip young learners with industry-fit skills and develop a talent ecosystem, reports UNB.This ICT academy has been established as a...
Campvalley Chittagong Limited, a Hong Kong-owned company, will invest US$54 million to set up a camping equipment and garment manufacturing industry in BEPZA Economic Zone, reports UNB.This foreign-owned company will produce 21.4 million pieces of tents, bags and backpacks, camping...
Bangladeshi electronics giant Walton has introduced high energy-efficient air conditioner (AC) of 'Inverna' series in the market, says a press release. This Inverna AC received 5.5 star energy rating certificate from the Bangladesh Standards and Testing Institution (BSTI). A test...
Guardian Life Insurance Limited, a pioneer in digitizing insurance in Bangladesh, recently signed a strategic partnership agreement with Bimafy, the country's leading online insurance marketplace, says a press release. Customers will be able to get Guardian Life insurance policies through...
FE REPORT | 2022-03-25 00:00:00
Ambassador of Colombia to India (accredited to Bangladesh) Mariana Pacheco-Montes visited the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) office in the city's Gulshan on Wednesday.The board of directors of MCCI, led by its President Md Saiful Islam, received...
FE REPORT | 2022-03-25 00:00:00
The Dhaka Chamber of Commerce and Industry (DCCI) has urged Kyrgyzstan to establish a diplomatic mission in Dhaka with a view to increasing trade and investment with Bangladesh.Acting president of DCCI Arman Haque made the call during a meeting with...
NEW YORK, Mar 24 (Reuters): Swings in asset prices following Russia's invasion of Ukraine could hit first-quarter profits at big US banks depending on what happens before the end of the month and how markets react, analysts said.Trading losses, provisions...
Aviva Finance Limited opened a new Shariah-based branch in Gazipur recently. Chairman of the Executive Committee (EC) Syed Abdullah Mohammed Saleh along with Managing Director Abdul Jabbar and other officials inaugurated the branch as the chief guest.
The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration, reports AP.At a meeting on Tuesday in Baltimore, the US and the UK announced a...
CHICAGO, Mar 24 (Reuters): Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages.Western sanctions on Russia,...
Dhaka Regency has offered its customers the opportunity to enjoy the experience of true Ramadan moment, says a press release. This Ramadan, the hotel has arranged a special occasion featuring a variety of Arabic and local dishes such as hummus,...
ACI Motors, the sole distributor of Foton Commercial Vehicles, opened a new showroom of Foton named 'SBS Enterprise' in Mymensingh on Wednesday, says a press release. This showroom is located at Shantinagar crossing of Digharkanda area by the Dhaka-Mymensingh highway....
FE REPORT | 2022-03-25 00:00:00
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Intertek to share the progress made in the country's readymade garment (RMG) industry with the buyers. Intertek is a British multinational assurance, inspection, products testing and certification company headquartered in London.BGMEA,...
Uzbekistan has expressed its interest to invest in the oil and gas exploration sector of Bangladesh, reports UNB.Uzbek energy minister's advisor Jumaev Jasur Khudaykulovich expressed his country's interest when he met State Minister for Power, Energy and Mineral Resources Nasrul...
WASHINGTON, Mar 24 (AFP): The Biden administration announced Thursday an agreement with Tokyo to increase the amount of beef the United States exports to Japan without automatically increasing customs duties."The United States and Japan have reached an agreement," US Trade...
Russia's agriculture ministry has simplified procedures for obtaining permits for white sugar imports after a jump in domestic demand, it said in a statement on Thursday, reports Reuters.Many Russians have rushed to buy sugar and other staples after Western sanctions...
Gold prices rose to a more than one-week high on Thursday as its safe-haven appeal was lifted by concerns over soaring inflation and uncertainty surrounding the war in Ukraine, reports Reuters.Spot gold was up 0.8 per cent at $1,958.75 per...
HYDERABAD, India, Mar 24 (Reuters): Airbus expects Indian airlines to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, it said on Thursday, citing growth in the country's aviation sector.With low-cost carriers making up...
Crude prices fell on Thursday as the United States and its allies discussed a possible further coordinated release of oil from storage to help calm energy markets in the wake of Russia's invasion of Ukraine, reports Reuters.Benchmark Brent fell by...
SEOUL, Mar 24 (Reuters):Samsung Electronics shares worth about $1.1 billion were sold in a block deal on Thursday, according to a document, which some analysts attributed to the Samsung conglomerate's controlling family raising cash to meet a big tax bill.About...
HONG KONG, Mar 24 (Reuters): Hong Kong shares of Russian aluminium producer OK Rusal, one of the few Russia-related securities still being traded, slipped on Thursday ahead of a partial reopening of trading of stocks on the Moscow Exchange later...
NEW DELHI, Mar 24 (Reuters): India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges...
HONG KONG, Mar 24 (AFP): Equity markets were mixed Thursday as investors contemplate the impact of surging inflation and central bank plans to sharply hike interest rates, while oil prices dipped but remain elevated on fears of further Russia sanctions...
Disbursement of dividend VAMLRBBF: The asset manager of Vanguard AML Rupali Bank Balanced Fund has informed that it has disbursed cash dividend for the year ended on December 31, 2021 into the respective unitholders' bank accounts through BEFTN on March...
AB Bank Limited signed an agreement with Agora Limited under which ABBL credit cardholders will get 12 per cent cashback on purchases at all Agora outlets. Abdur Rahman, Deputy Managing Director of AB Bank Limited, and Muallem Chowdhury, Acting Director,...
The "Nageshwari" sub-branch of Jamuna Bank Limited was inaugurated at Kurigram. Chairman of Jamuna Bank Foundation Al-Haj Nur Mohammed was present as the chief guest. Directors of the Bank Md. Sirajul Islam Varosha and Kanutosh Majumder were present as special...
A general meeting of the Advertising Agencies Association of Bangladesh was held at a city hotel on Wednesday. The meeting was chaired by Ramendu Majumdar, President of the Association, while Muneer Ahmed Khan, General Secretary of the Association, and Geeteara...
National Bank Limited (NBL) celebrated its 39th founding anniversary on Wednesday. Chairman of the bank Monowara Sikder cut a cake on the occasion. Chairperson of the bank's executive committee Parveen Haque Sikder, MP, and Managing Director and CEO of the...
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