Syed Fattahul Alim | 2024-09-02 12:00:00
Though the Dr Yunus-led interim government is still in a nascent stage, yet expectations from it from the various disgruntled sections of administration and society seem to be unlimited. However, the methods being used to realise the demands are also...
US bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and investor caution over geopolitical tensions...
A golden era for cash may be winding down as the Federal Reserve gets ready to cut interest rates. Many fans of the investment class are staying put anyway, reports Reuters.Assets in US money markets hit a record $6.24 trillion...
Nvidia shares dropped more than 6 per cent on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant's...
MUMBAI, Sept 1 (Reuters Breakingviews): India's largest company is biding its time. The annual shareholder meeting of $245 billion Reliance Industries was an unusually low-key affair. Chair Mukesh Ambani seems in no hurry to list his two consumer-facing businesses as...
BEIJING, Sept 01 (AFP): African leaders descend on China's capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent.China has expanded ties with African nations in the...
AB Bank provided relief materials to flood affected victims at Chandgaon, Chattogram. M. Morshed Khan, the Founder Chairman of AB Bank joined virtually the distribution programme. Tarique Afzal, Managing Director & CEO, and other members of the Senior Management Team...
A day long workshop on 'prevention of money laundering and financing of terrorism' was held at Janata Bank Staff College on Saturday with the participation of general managers of Janata Bank PLC. Managing Director of the bank Md Abdul Jabbar...
The Bitopi Group has donated a substantial sum of Tk 4,112,492 to the 'Chief Adviser's Relief and Welfare Fund,' which includes contributions from its own funds, and a day's salary from all employees, officers, and workers, says a press release.On...
Professor Abu Ahmed has joined as Director and Chairman of the Board of Directors of Investment Corporation of Bangladesh on Sunday, says a press release. He is a leading economist of the country and a capital market expert. He is...
ShopUp, Bangladesh's leading full-stack B2B commerce platform, recently hosted an insightful session titled "Leadership in Times of Crisis" at its headquarters. The event featured Kamal Quadir, Founder and CEO of bKash, as the guest of honour, who shared his expertise...
Prime Bank Foundation, the philanthropic wing of Prime Bank PLC, has awarded scholarships to 234 meritorious but unprivileged students under its Education Support Programme. The Foundation held its 17th Scholarship Awarding Ceremony at Golf Garden, Army Golf Club, in Dhaka...
Md Anwarul Haque has been elected as chairman of Mercantile Bank PLC at the 448th board meeting of the bank held on Sunday, says a statement. Previously he served as the Vice Chairman, Chairman of the Executive Committee and Risk...
The business climate in Bangladesh remains unstable following the fall of the Awami League government. Although an interim government led by Nobel Laureate Dr. Muhammad Yunus was formed on August 8, the return to normalcy in trade and commerce is...
FE REPORT | 2024-09-02 00:00:00
The securities regulator has appointed seven independent directors to the board of Dhaka Stock Exchange (DSE) following the recent resignation of all directors amid a change in the political regime.Their appointments were approved at a meeting held at the office...
MOHAMMAD MUFAZZAL | 2024-09-02 00:00:00
Experts have strongly criticised the DSE Brokers Association's (DBA) proposal to appoint the chairman of the Dhaka Stock Exchange (DSE) from among the shareholder directors. They argue that this move could undermine the demutualisation objectives of the exchange if it...
HANGZHOU (China), Sept 01 (AFP): Sweet, milky and colourful-bubble tea is wildly popular in China, where people sipping through straws from large plastic cups is a common sight in high streets and shopping malls across the country.But there's fresh competition...
SEOUL, Sept 01 (Reuters): South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker than the previous month and market expectations as demand for computer chips slowed, while auto sales remained sluggish.Overseas...
JEDDAH, Aug 01 (Arab News): The Kingdom of Saudi Arabia (KSA) has launched the seventh round of its subscription-based savings product, Sah, for September, offering a 5.31 per cent return to promote financial stability and growth among citizens.The issuance of...
ALGIERS, Sept 01 (AFP): Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country's finance ministry has announced.The decision was taken on Saturday and announced by NDB chief Dilma Roussef at a meeting in Cape...
RIYADH, Aug 01 (Arab News): Saudi utility developer ACWA Power has signed financing agreements valued at SR9.7 billion ($2.58 billion) with a consortium of banks to develop three large-scale solar projects in the Kingdom. In a statement to Saudi stock...
The Yarn Expo & Intertextile Shanghai-Autumn 2024, the 30th anniversary edition of the fair, was held from 27th to 29th August, across nine halls of the National Exhibition and Convention Center (Shanghai), says a press release. Square Textiles from Bangladesh...
The 39th Annual General Meeting (AGM) of Bangladesh General Insurance Co PLC (BGIC) was held on a virtual platform at its head office recently. Chairman of the company Towhid Samad presided over the meeting. Ahmed Saifuddin Chowdhury, Managing Director &...
A Chinese delegation led by Chinese Ambassador to Bangladesh Yao Wen called on Power, Energy and Mineral Resources Adviser Mohammad Fouzul Kabir Khan at his ministry in the city on Sunday. — PID
Prime Bank has launched Islamic Payroll Banking services to cater the growing demand for Shariah-compliant financial solution. This service enables businesses to manage payrolls in a manner that aligns with Islamic principles, offering a fully ethical and shariah-based banking experience...
K. M. Saidur Rahman has been appointed as Chief Executive Officer (CEO) of Asia Pacific General Insurance Company Limited, says a press release. The appointment came as per approval of the Insurance Development and Regulatory Authority (IDRA) on the recommendation...
Former Finance Secretary Zakir Ahmed Khan has assumed office of the Chairman of Palli Karma-Sahayak Foundation (PKSF).Upon his arrival at PKSF Bhaban on Sunday, he was welcomed by PKSF's acting Managing Director Md Fazlul Kader and Additional Managing Director Dr...
Consumers Association of Bangladesh (CAB) has demanded formation of an independent commission to investigate the corruption, irregularities and plundering of wealth by the previous Awami League government in the country's power and energy sector during the last 15 years, reports...
FE REPORT | 2024-09-02 00:00:00
The government has taken necessary initiatives to reduce the high prices of key essential commodities, especially egg and poultry, at the producer and consumer levels.Commerce Adviser Dr Salehuddin Ahmed said this while talking to reporters after a meeting held with...
FE REPORT | 2024-09-02 00:00:00
The country's registered domain hosting businessmen have urged the Bangladesh Telecommunications Company Limited (BTCL) not to engage as a domain registrar to ensure a level playing field in the retail business.To promote the dotBD domain and encourage the use of...
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