FE REPORT | 2024-04-16 00:00:00
A queue jam prompts the central bank to plan a pause in taking fresh merger proposals in Bangladesh's banking industry before completion of the existing bids for strong-weak amalgamation.Bangladesh Bank (BB) spokesperson Md Mezbaul Haque shared the information regarding the...
FHM HUMAYAN KABIR | 2024-04-16 00:00:00
A substantial industrial-output fall and dollar crunch slowed Bangladesh's economy with the gross domestic product (GDP) growth having nearly halved to 3.78 per cent in the second quarter of this fiscal compared to previous quarter's. An analysis on Monday of...
Weather may remain mainly dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. Mild to moderate heat wave may sweep over Rajshahi, Dhaka, Khulna, Barishal,...
OUR CORRESPONDENT | 2024-04-16 00:00:00
CHATTOGRAM, Apr 15: A devastating fire broke out in a slum at Firingi Bazar in the port city on Monday, burning down some 20 shanties.Witnesses and official sources said the blaze started around 1:20pm and engulfed the slum.Abdur Razzak, deputy...
The holy Eid-ul-Fitr, one of the greatest religious festivals of the Muslim, was celebrated across the country on Thursday amid due religious fervor, gaiety and festivity.The very auspicious occasion began with sighting of the Shawwal moon of 1445 Hijri Wednesday...
On Sunday, Bangladesh joyously welcomed Pahela Baishakh, the first day of the Bangla calendar, marked by vibrant traditional festivities and widespread enthusiasm. The celebrations commenced at dawn as artistes from Chhayanaut serenaded the arrival of the new year under Ramna...
State Minister for Information and Broadcasting Mohammad Ali Arafat has described Bangladesh Udichi Shilpigoshthi's programme defying the directives issued by the government for the sake of public safety and its negative statement unexpected and unfortunate, reports BSS."Udichi Shilpigoshthi's programme defying...
Awami League (AL) General Secretary Obaidul Quader has sought the list of imprisoned BNP leaders, reports BSS.The AL leader claimed that the number of the imprisoned party men the BNP revealed is false."The number of BNP's captive leaders was 20,000...
FE REPORT | 2024-04-16 00:00:00
Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi said on Monday that the high-ups of the ruling Awami League (AL) were seeking mental relief through jugglery after deceiving the people."They (ruling AL) directly deceived the people through...
Jatiya Sangsad (JS) will go into session on May 02 after a 58-day recess as the first session of the current parliament was prorogued on March 05, reports UNB.President Mohammed Shahabuddin on Monday summoned the 2nd session of the 12th...
Prime Minister and Awami League President Sheikh Hasina, with her younger sister Sheikh Rehana beside, waves at the invited guests at the Eid greetings programme at her official residence Ganobhaban in the city on Thursday, marking the Eid-ul-Fitr — Focus...
Top Wall Street brokerages, whose investment banking units helped Reddit prepare for its public issue, started coverage of the social media company with doubts over its user growth, while staying bullish on ad revenue and its use of artificial intelligence,...
TOKYO, April 15 (Reuters): A coalition of climate groups filed shareholder proposals with Japan's top three banks, including Mitsubishi UFJ Financial Group, calling for stricter board oversight of climate-related risks, people familiar with the matter said.The proposals from Australia's Market...
SEOUL, April 15 (Reuters): South Korea's finance minister stepped up warnings on Monday that the government is ready to act to counter any renewed volatility in currency markets after the won has extended declines against the dollar to hit the...
MOSCOW, April 15 (Reuters): The Russian broker organising a frozen asset swap scheme that could free up stranded funds for Russian and non-resident investors has seen tens of billions of roubles of demand from foreigners including US banks and funds,...
LONDON, April 15 (Reuters): Europe's main share and currency markets started the week modestly higher while oil and bond prices dipped, as investors kept Middle East concerns in check after Iran's weekend attacks on Israel.Tehran's offensive involved more than 300...
HANOI, Apr 15 (Reuters): A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong ($12.5-billion) financial fraud, the country's biggest on record, state media said.Her trial, begun...
SHANGHAI/SINGAPORE, Apr 15 (Reuters): China's central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument.Keeping the medium-term lending...
GENEVA, Apr 15 (Reuters): Global goods trade should rebound this year, but more slowly than previously expected, after only its third decline in 30 years in 2023, the World Trade Organization said last week.The Geneva-based trade body said easing inflationary...
BRAC Bank has promoted three senior leaders of the Distribution Network and Finance Divisions to Senior Executive Vice President (SEVP). The promotion took effect from April 1, says a press release. The promotees are A.K.M. Tareq, Senior Zonal Head (North),...
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has announced that the Confederation of Asian and Pacific Accountants (CAPA) has appointed Abdur Rahman Khan, the immediate past president of ICMAB, as the Chairman of the Public Sector Advisory...
Prime Bank board recommended 17.50 per cent cash dividends to its shareholders for the year 2023.The board of directors of the bank adopted its annual audited financial statements at the meeting held on Monday and decided the dividend payment in...
FE REPORT | 2024-04-16 00:00:00
The Dhaka Stock Exchange (DSE) incorporated newly-listed Best Holdings, from the travel and leisure sector, into the broad index (DSEX) after it met all the criteria linked to investor trading. The indices committee of the DSE selected this company after...
Azeeza Aziz Khan, director, Summit Group, has been chosen as one of the young global leaders for 2024, according to a press release. The World Economic Forum unveils 2024's Young Global Leaders: a group of nearly 90 most promising changemakers...
FE REPORT | 2024-04-16 00:00:00
SS Steel, a publicly-traded steel manufacturer, has planned to issue seven-year convertible bonds to collect Tk 5 billion through private placement to alleviate its finance cost burden by paying off bank loans.The board has reached the decision as a pile-up...
FE REPORT | 2024-04-16 00:00:00
The stock market witnessed a major setback on Monday, the first session after the Eid break, with the key index of the Dhaka bourse sinking below 5,800-mark once again. Investor participation was very thin on the trading floor as most...
BERLIN, Apr 15 (Reuters): German inflation eased in March, adding to the signs that euro zone price pressures are abating and increasing the pressure on the European Central Bank to start cutting interest rates.Inflation in Europe's largest economy slackened to...
ISLAMABAD, Apr 15 (Reuters): Pakistan's central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund.The bond, launched in 2014 and...
NEW DELHI, Apr 15 (Reuters): India's merchandise exports fell for the first time in four years in 2023/24, official data showed on Monday, hit by factors including geopolitical tensions and export curbs on foodstuffs such as rice to curb domestic...
LONDON, Apr 15 (Reuters): Global revenues from the sale of carbon permits in emissions trading systems (ETS) grew to a record $74 billion last year, as governments increasingly turn to such schemes to help tackle global warming, a report showed...
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