Shahjalal Islami Bank PLC signed a Memorandum of Understanding (MoU) with Islamic Corporation for the Development of the Private Sector (ICD), a member institution of the Islamic Development Bank (IsDB) Group, at the IsDB Group Private Sector Forum (PSF)-2024 held...
United Commercial Bank PLC (UCB) organised a daylong training programme for agricultural entrepreneurs at Barun High School in Kapasia, Gazipur, on Friday. The programme was held under the agricultural support scheme, titled 'Bhoroshar Notun Janala', which is being implemented as...
The first "NeXTor" (Next Investor) 2024 Inter-University Capital Market Investment Competition ended with a prize-giving ceremony on Sunday, says a press release.The Investment and Finance Club of East-West University (EWU) organised the competition, which lasted for three months and saw...
BRAC Bank has retained the country's highest credit rating 'AAA' for three years on the trot from Bangladesh's most prominent agency -- Credit Rating Agency of Bangladesh (CRAB) -- manifesting its solid financial strength and stability, says a press release....
Tbilisi (Georgia), May 5 (UNB): Finance Minister AH Mahmood Ali has called upon the Asian Development Bank to make its climate financing concessional while placing five specific proposals regarding measures for tackling immediate economic concerns of the developing member countries...
Janata Bank PLC has relocated its Rayer Bazar Branch to Dream Kohinur Vila (1st floor), Road No- 8/A, West Dhanmondi. The bank's DMD Md Golam Mortuza inaugurated the new office of the branch on Sunday.
LONDON, May 5 (Reuters): Asian spot liquefied natural gas (LNG) prices rose last week on forecasts for higher cooling demand this summer and tracking a rally in European gas prices underpinned by supply concerns due to Middle East tensions and...
US-Bangla Airlines, the country's largest private carrier, is going to launch daily flights from Dhaka to Jeddah, one of the popular destinations in the Middle East region, from August 2024, reports BSS. The airline has decided to operate flights to...
Mutual Trust Bank (MTB) has been awarded the title of 'Best Bank in CMSME Financing Bangladesh 2024' by the International Business Magazine, according to a statement.The award recognises MTB's exceptional support for the Cottage, Micro, Small and Medium Enterprises (CMSME)...
FE REPORT | 2024-05-06 00:00:00
The Dhaka bourse closed the week's first session, with an enthusiastic recovery mood, and extended the gaining steak for the third consecutive session as most stocks experienced price appreciation. Although small-cap companies made it to the gainers' list, the blue...
BABUL BARMAN | 2024-05-06 00:00:00
More than half of the listed banks posted a double-digit profit growth in 2023 as their net interest income surged up to 92 per cent, owing to the removal of the interest rate cap.The foreign exchange gain was not as...
CHITTAGONG, May 5 (Agencies): Bangladesh secured a dominant win in the second Twenty20 international against Zimbabwe, taking a 2-0 lead in the five-match series at Zahur Ahmed Chowdhury Stadium in Chattogram on Sunday. In response to Zimbabwe's 138 for 7,...
A fire that broke out in the Amurbunia area at Chandpai range of the Sundarbans East Zone on Saturday afternoon is now under control, according to the Ministry of Environment, Forest and Climate Change, reports UNB.The fire did not spread...
FE REPORT | 2024-05-06 00:00:00
Milton Samadder used to get brutal pleasure from amputating hands and legs of old people at his charity home 'Child and Old Age Care', said Additional Police Commissioner (Detective) of Dhaka Metropolitan Police (DMP) Harun-or-Rashid on Sunday. "Terrible, fearsome and...
Bangladesh Bank (BB) has dissolved the board of National Bank again to bring back good governance in the bank, reports UNB.The BB informed this through a letter to the managing director of National Bank regarding the cancellation of the bank's...
FE REPORT | 2024-05-06 00:00:00
Economic Affairs Adviser to the Prime Minister Mashiur Rahman on Sunday expressed his support to the decision of restricting entry of journalists into the central bank."I should compliment the governor on restricting journalists' entry into the bank," he said while...
MUNIMA SULTANA | 2024-05-06 00:00:00
The Dhaka Bus Rapid Transit Company (Dhaka BRT), a state-owned company formed over a decade ago, appears to be stuck in the slow lane compared to its counterpart mass transit company that handles projects from planning to implementation.For planning, executing,...
SAJIBUR RAHMAN | 2024-05-06 00:00:00
Agricultural loan disbursement witnessed a 10.55-percent increase during the July-March period of current fiscal year (FY 2023-24) compared to the matching period of last FY.According to Bangladesh Bank data, the agriculture and rural credit rose to Tk 266.67 billion at...
YASIR WARDAD | 2024-05-06 00:00:00
Green chilli price has shot up by 40-50 per cent just in the last two days as the hot spice was retailed at Tk 150-180 a kg on Sunday.The price of the spice remained between Tk 60 and Tk 100...
Prime Minister Sheikh Hasina on Sunday said the country's army has earned public trust and confidence by standing beside the people."Our army now stands beside the people and has gained public trust and confidence," she said, reports UNB.The prime minister...
FE REPORT | 2024-05-06 00:00:00
Amid nor'wester clouds beginning to form after a month of intense heat, Boro paddy harvesting in the haor region is nearly complete.So far, 97 per cent of the country's leading paddy variety in haor area has already been harvested, according...
Foreign Minister Hasan Mahmud has called for immediate cessation of the conflict in Palestine, ensuring humanitarian access and holding Israel accountable for war crimes and crimes against humanity, reports UNB."We, the members of the OIC should be part of a...
JUBAIR HASAN | 2024-05-06 00:00:00
Interest calculating in SMART formula comes as a boon for banking as banks bag windfalls from a record spread between the rates they provide to depositors and take from borrowers.Officials and bankers have said Bangladesh Bank's monetary-policy shift from monetary...
FE REPORT | 2024-05-06 00:00:00
Market-based interest rating and free float of currencies are likely soon as the central bank's governor dropped a broad hint Sunday about such major changes on Bangladesh's money market. "We are very close to market-based interest rate…We will be very...
Academic activities and classes at all secondary schools resumed on Sunday after a period of frequent changes due to the ongoing heat-wave, report agencies.According to the met office, temperatures across the country dropped to some extent from well over 40...
FE REPORT | 2024-05-06 00:00:00
Bangladesh's economy faces a triangulation of daunting problems that threatens to upset government-targeted economic growth of 7.0 per cent in next fiscal, a think-tank forewarns as budget making continues.Uncontrolled inflation, surging debts and erosion of financial space in the wake...
Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at a few places over Mymensingh, Sylhet, Rangpur, Rajshahi, Dhaka, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Monday), according to the Met Office....
FE REPORT | 2024-05-06 00:00:00
The Hazrat Shahjalal International Airport (HSIA) is set to undergo essential maintenance work, leading to the closure of its runways for three consecutive nights from May 6 to 8.The runway closure period is scheduled from 12.01 am until 3.00 am...
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