Cox's Bazar, Apr 26 (UNB): Holidaymakers are set to visit Cox's Bazar, the longest unbroken sea beach in the world, in droves during the Eid-ul-Fitr holiday as 50 per cent hotels and motels were booked ten days before the biggest...
Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food and fuel, reports AFP.Foreigners who deposit a minimum of $100,000 locally will...
LONDON, Apr 26 (AFP): HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.Net profit dropped more than a quarter to US$2.8...
RIYADH, Apr 26 (Arab News): Egypt's Ministry of Local Development provided 16.2 billion Egyptian pounds ($874 million) since the beginning of the current fiscal year to implement development projects, the country's Cabinet reported on Tuesday. Of this amount, 8.4 billion...
DEARBORN, Apr 26 (Reuters): Ford Motor Co on Tuesday will start regular manufacturing of its F-150 Lightning electric pickup truck, more than tripling planned annual production of the vehicle that now symbolizes the 118-year-old company's drive to retool for a...
Newly appointed Chairman of the Board of Directors of Karmasangsthan Bank Md Nurul Amin along with its Managing Director Shirin Akhter and other officials paid tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at...
TOKYO, Apr 26 (AFP): Japan unveiled a $48.6-billion economic package on Tuesday that includes handouts for low-income families to help cushion the impact of rising prices and energy costs on households."We must avoid at all costs letting surging oil and...
WASHINGTON, April 26 (AFP): Sales of new homes fell in the United States last month, government data said Tuesday, as high prices continued to crimp demand.Sales dropped to an annualised rate of 763,000, seasonally adjusted, less than analysts anticipated and...
NEW DELHI, Apr 26 (Reuters): US electric vehicle maker Tesla Inc is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China, the transport minister said on Tuesday."Making...
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said in its latest Commodities Market Outlook report,...
A team from ACI Fertilizer and its Dutch partner Ecocreation paid a visit to Rajshahi City Corporation (RCC) and held a meeting with the RCC officials on Monday, says a press release. Chief Conservancy Officer of RCC Sheikh Md Mamun...
FE REPORT | 2022-04-27 00:00:00
The government has introduced a 10 per cent discount on toll rates of vehicles which will be paid electronically to cross bridges on roads and highways aiming at smooth and faster vehicle movement and cashless transactions.Road Transport and Highways Division...
Bangladesh has offered to export its electricity to Nepal during winter while importing it during the summer, reports UNB.The proposal was placed during the bilateral meeting between the two countries at the conference room of the Ministry of Power, Energy...
FE REPORT | 2022-04-27 00:00:00
The state-run consumers' rights watchdog on Tuesday decided to form a committee to explore possibilities of fixing the price of MS (mild steel) rod, a key construction material.The committee will comprise representatives from the Directorate of National Consumers' Rights Protection...
The 12th Ministerial Conference (MC12) of the World Trade Organization (WTO) will be held at Geneva in Switzerland on June 12-15, reports BSS.The conference was earlier scheduled to be held in December last year, but it was postponed due to...
BRAC Bank and Trust Axiata Pay (tap) signed an agreement to enable tap to disburse remittances in Bangladesh, says a press release.Tap has already opened a trust-cum-settlement account with BRAC Bank and will soon enter digital automation with the bank,...
FE REPORT | 2022-04-27 00:00:00
Country Representative of the Japan External Trade Organisation (JETRO) Yuji Ando on Tuesday said Bangladesh has the most competitive wage and potential domestic market among the countries in Asia and the Oceania. He also said Japanese companies consider that expansion...
Board meetingIslamic Finance and Investment Limited: A board meeting of the company will be held on May 8, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the Q1 period ended March 31, 2022....
LONDON, Apr 26 (AFP): European equities staged a relief rally Tuesday, one day after tanking on fears over the Covid outbreak in China and rising interest rates in the United States.Wall Street failed to follow through on Monday's gains, with...
Marico Bangladesh, one of the country's top FMCG companies, has conducted free honey distribution activities among underprivileged children in collaboration with UCEP Bangladesh, said a statement.As part of this event, Marico Bangladesh recently handed over 2,000 bottles of honey to...
The 25th Annual General Meeting (AGM) of Grameenphone Ltd was held Tuesday on digital platform.The AGM approved 250 per cent cash dividend for the shareholders, according to a statement.For 2021, the Board of Directors of Grameenphone Ltd. has announced a...
The net sales of LafargeHolcim Bangladesh during the first quarter of 2022 decreased by 1.0 per cent to Tk 6,259 million compared to Tk 6,318 million in Q1, 2021. Operating EBIT reached Tk 1,278 million, a de-growth of 6.0 per...
Energypac Power Generation Ltd. (EPGL) has recently taken an initiative to reuse plastic bottles by turning them into a plant pot, making it an eco-friendly and aesthetic alternative to simply throwing them away. The usage of plastic bottles has been...
Islami Bank Bangladesh Limited organised a views-exchange meeting and Iftar programme in honour of representatives of Bangladesh Liaison office of the Foreign Exchange Houses' on Monday at a hotel of Dhaka. Mohammed Monirul Moula, Managing Director & CEO of the...
Maksons Spinning Mills Limited, a listed textile company, has released its unaudited financial statements for the third quarter ended March, 2022. According to the report, Maksons Spinning's earnings per share (EPS) have increased more than two times. Compared to the...
Khondoker Nayeemul Kabir has recently been promoted to the post of Additional Managing Director (AMD) of NCC Bank Ltd. Prior to the promotion, he was serving as DMD leading corporate business and many important divisions. He has played vital role...
FE Report | 2022-04-27 00:00:00
The securities regulator has approved the proposal of Tk 7.0 billion subordinated bond to be issued by The City Bank Ltd.The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday approved the proposal at a meeting held at the BSEC office.The...
FE Report | 2022-04-27 00:00:00
The securities regulator has requested both the bourses to award their top dealers having significant investments made through their own portfolios.The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday made the urge through separate letters sent to the exchanges' managing...
Eastern Bank Limited (EBL) as the mandated lead arranger has raised BDT 12 billion in the form of Syndicated Term Loan Facility for Banglalink Digital Communications Limited, one of the leading telecom operators in Bangladesh.A total of 17 banks participated...
FE REPORT | 2022-04-27 00:00:00
Dhaka stocks returned to the green on Tuesday, after a single-day break, as investors went on late hours' buying spree on sector-wise issues based on corporate declarations.DSEX, the prime index of Dhaka Stock Exchange, went up by 10.65 points or...
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