BEIJING, May 02 (Xinhua):In 2023, the import value of Chinese goods was nearly 17 percent lower than in 2022. This was the first decline since 2016. Fewer Chinese computers, laptops and tablets were imported, in particular. More of these products...
For uninterrupted production, factories rely on alternative sources of electricity in case of loadshedding. But power from generators by burning petroleum is harmful to the environment besides being costly too. Considering this, industrialists now-a-days are shifting to rooftop solar projects...
LONDON, May 02 (Reuters): Oil edged back towards the previous day's seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour market strength and further dimmed prospects of an early decline in U.S. interest rates.Brent crude...
TOKYO, May 02 (Reuters): US oil and gas producer ConocoPhillips missed Wall Street estimates for first-quarter profit on Thursday, as demand concerns led to a sharp fall in natural gas prices.A milder-than-expected winter hurt demand for the heating fuel in...
TOKYO, May 02 (Reuters): Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7 per cent from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as it took a one-time...
WASHINGTON, May 02 (AFP): The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.After a two-day gathering, the central bank decided unanimously to...
A virtual workshop on 'Operation of Web-Based Card Payment & Deposit Software' was recently organised at the Training Institute of the National Bank Limited. NBL branch managers, regional heads and officers participated in this workshop. Uzzal Kumar Paul, Vice President,...
Janata Bank PLC Managing Director and CEO Md Abdul Jabber launched a service meant for money transfer from Janata Bank account of a client to his own Nagad account at the head office of the bank in the city on...
PARIS, May 2 (AFP): The world's largest carbon credit programme Verra took a step toward working under a new quality standard aimed at helping rebuild confidence in the scandal-hit offsets market.Verra was approved "after making significant changes to its procedures",...
TBILISI (Georgia), May 2 (UNB): Finance Minister AH Mahmood Ali on Thursday sought policy based lending (PBL) supports from the Asian Development Bank (ADB) for undertaking trade policy, logistics, climate and LDC graduation reforms.During a bilateral meeting with President of...
Remittance client Monzal of an agent outlet under the Kapasia Branch of the Islami Bank Bangladesh PLC, won a 1500cc private car worth Tk 3.0 million (30 lakh) as the mega prize of the Islami Bank-Transfast remittance campaign, says a...
Popular mobile financial service provider upay and United Commercial Bank PLC recently organised a freelancer meet to highlight the growth of the industry, discuss the different struggles of those involved in freelancing and the need for addressing the issues through...
Southeast Bank PLC. has signed a Memorandum of Understanding (MOU) with Nawar Properties Ltd., says a press release received on Thursday. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC., and Md. Imran Hossain Khan, Managing Director of Nawar...
WASHINGTON, May 02 (Reuters): The US government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top.The...
PARIS, May 02 (AFP): The OECD on Thursday raised its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind.The Paris-based organisation said it now sees this year's global growth...
BENGALURU, May 02 (Reuters): India's Adani Enterprises reported a near-38 per cent fall in profit on Thursday due to weak performance in its roads segment and higher expenses.Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter...
KUALA LUMPUR (Malaysia), May 02 (AP): Microsoft is investing $2.2 billion over the next four years in Malaysia's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI centre, its CEO Satya...
With a view to building skilled human resources for providing better banking services, First Security Islami Bank PLC has organised a 'Refreshers Training Course' at its Training Institute in the city recently. Managing Director of the bank Syed Waseque Md...
Bangladesh Commerce Bank Ltd (BCBL) organised a Branch Anti Money Laundering Compliance Officer (BAMLCO) Conference-2024 at a hotel in Dhaka recently. Chairman of the BCBL Board of Directors Professor Dr. Engineer Rashid Ahmed Chowdhury attended the conference as the chief...
Uttara Bank PLC opened a Rangpur branch on its new premises at New Jamal Market, Station Road, Kotowali in Rangpur on Thursday. Managing Director & CEO of the bank Mohammed Rabiul Hossain inaugurated the branch as the chief guest. Uttara...
Prime Bank, announced a strategic partnership with Hishabee, aimed at transforming retail banking. A Memorandum of Understanding (MoU) was signed, heralding a new era where Hishabee Dokan app users will access Prime Bank's banking services seamlessly. This collaboration promises to...
LONDON, May 2 (Reuters): Britain set out its "roadmap" on Wednesday for authorising investment funds from the European Union to offer products in the UK, a post-Brexit milestone that reflects how most funds sold to retail investors in the country...
MUMBAI, May 2 (Reuters): India's improving trade deficit, inflows into bonds and reduced pressure on the rupee in the offshore market has lowered the need for the Reserve Bank of India (RBI) to intervene aggressively in the foreign exchange market.The...
ORLANDO, Florida, May 2 (Reuters): Japan's yen-buying currency market intervention may not be sending tremors through the US bond market just yet, but that calm could be disturbed if Tokyo gets drawn into a drawn-out battle to prevent the exchange...
Eastern Bank (EBL) and Trinamul Nari Uddyakta Society will make joint efforts to organise trainings, events and exchange of information through their respective organisations for developing the capacity and skills of women entrepreneurs across the country. M. Khorshed Anowar, deputy...
FE REPORT | 2024-05-03 00:00:00
In a significant development aimed at enhancing bilateral cooperation, Russia has expressed its interest in forming partnerships with Bangladesh and investing in manufacturing electronic and digital devices in Bangladesh.A proposal in this regard was discussed at a meeting between State...
Nagad, the country's leading mobile financial service provider, has forged a corporate partnership with Pran-RFL Group, one of the country's largest conglomerates specialising in consumer goods, reports BSS.This partnership marks a significant milestone in the evolution of digital finance and...
FE REPORT | 2024-05-03 00:00:00
Prime minister's private industry and investment affairs adviser Salman F Rahman at a global forum has focused on sharing technology to ensure that the entire world reap its benefits."AI (artificial intelligence) technology may pose a threat to development by exacerbating...
Summit Group on Thursday announced the appointment of Faisal Khan as the managing director of Summit Corporation, the largest independent power producer (IPP), LNG infrastructure and energy trading company in Bangladesh, effective from May 1, 2024, according to a press...
FE REPORT | 2024-05-03 00:00:00
Unilever Consumer Care secured an 11.15 per cent year-on-year profit growth in January-March this year, despite decrease in revenue.In an earnings disclosure, it said it had curbed operating expenses by a remarkable 34.42 per cent in the three months to...
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