FE REPORT | 2024-03-15 00:00:00
The cabinet committee on government purchase on Thursday approved procurement of liquefied natural gas (LNG), fertiliser, edible oils, lentils and sugar.It also gave the green light to the setting up of three solar power plants totalling 300 megawatts (MW).Finance minister...
Prime Minister Sheikh Hasina suggested on Thursday finding out newer jute products and their fresh overseas markets for boosting export of the golden fibre to build a developed and prosperous "Sonar Bangladesh", reports BSS."Discover diversified jute products and explore their...
As the holy month of Ramadan begins, traders from across Bangladesh are flocking to wholesale shops in Keraniganj to stock up on readymade garments in anticipation of Eid-ul-Fitr sales. Eid sales are also a vital source of income for the...
FE REPORT | 2024-03-15 00:00:00
The fire that broke out in a building near the kitchen market of Hatirpool in the capital just before iftar on Thursday was brought under control. An official at the Fire Service and Civil Defence central office told the FE...
DOULOT AKTER MALA | 2024-03-15 00:00:00
A slew of tax benefits may be declared three months ahead of the national budget for fiscal year 2024-25 under an urgency felt for easing burden on select corporate taxpayers.Educational institutions, asset-management companies, and leather- and leather-goods exporters would enjoy...
FE REPORT | 2024-03-15 00:00:00
The International Monetary Fund (IMF) has recommended that the government recalibrate personal income tax slabs in the Finance Act 2025 to rationalise tax expenditure.It also recommended repealing allowances and reductions, abolishing tax benefits on capital gains for the share market,...
FE REPORT | 2024-03-15 00:00:00
The hijacked Bangladeshi ship MV Abdullah anchored near the Somali coast on Thursday morning and all 23 Bangladeshi crew members on board were reported to be in good health.Rear Admiral (Retd) Khurshid Alam, foreign secretary (Maritime), briefed journalists about the...
JUBAIR HASAN | 2024-03-15 00:00:00
Mergers and acquisitions in Bangladesh's banking industry get going with the maiden merger of crisis-ridden Padma Bank with EXIM Bank under a deal, sources concerned said.Hot on the heels of central bank's forewarning -- just two days before -- about...
LONDON, March 14 (Reuters): Global shares hovered near record highs on Thursday, while the dollar headed for its first weekly gain in a month, ahead of a trio of US data releases that has the potential to shift the outlook...
CANNES, France, March 14 (Reuters): Goldman Sachs Asset Management will resume "actively investing" in US commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further...
CANNES, France, March 14 (Reuters): The troubled US office market is the world's most oversupplied and property investors have taken on too much debt, a Brookfield Asset Management, executive said on Wednesday."Per capita, it's the most oversupplied office market in...
BENGALURU, Mar 14 (Reuters): Biopharmaceutical company Biocon's unit Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences in a deal worth 12.42 billion rupees ($150 million), the companies said in separate exchange filings on Thursday.The deal, which...
MUMBAI, Mar 14 (Reuters): Indian digital payments firm Paytm plans to cut close to 20 per cent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt...
TAIPEI, Mar 14 (Reuters): Apple supplier Foxconn has adopted a far more bullish outlook for this year, saying on Thursday that it expected a significant rise in revenue driven by booming demand for artificial intelligence servers.The upbeat tone comes after...
Md Iqbal Hossain and Md Rafiqul Islam Rakib have recently been elected as President and General Secretary respectively of Bangladesh Development Bank (BDB) Officers' Association, says a press release.Other office-bearers are Vice-presidents Md Saleh Uddin Mahmud Saikat and Md Nur...
ROME, Mar 14 (AFP): Italy's competition authority on Thursday fined TikTok 10 million euros (nearly $11 million), saying the hugely popular video app had failed to sufficiently protect minors."The company has failed to implement appropriate mechanisms to monitor content published...
SHANGHAI, Mar 14 (Reuters): Chinese automakers seeking global growth are building more car factories in overseas markets, as foreign regulators mull imposing measures against imports of China-made electric cars.Chery Auto is holding talks with the Italian government to manufacture there,...
Pan Pacific Sonargaon Hotel arranged a Children's Iftar & Dinner Party at its Oasis on Thursday. More than 300 children from different children welfare institutions were invited to the Iftar party, says a press release. Managing Director of Hotels International...
Concord Group has recently received a Fire Safety Excellence Award in both Commercial and Residential categories: from Electronics Safety and Security Association of Bangladesh (ESSAB) for the second time in the 9th International Fire Safety & Security Expo-2024 at the...
Janata Bank PLC has been awarded 'Top Ten Remittance Award 2023' by the Centre for Non-Resident Bangladeshi (NRB) for its outstanding remittance services. The award has been given at the inauguration programme of World Conference Series 2024 at a city...
HONG KONG, March 14 (Reuters): China's financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country's local government debt, three sources with knowledge of the matter said, as part...
Dhaka Bank signed an agreement on Monday to provide 24/7 cash management services to the distributors, agents and merchants of bKash at the bank's head office. Emranul Huq, managing director & CEO, Dhaka Bank, and Kamal Quadir, chief executive officer,...
United Commercial Bank (UCB) has strengthened its commitment to supporting the growth of Small and Medium Enterprises (SMEs) by signing two new participation agreements with the Bangladesh Bank (BB). The agreements were signed at the central bank head office by...
The SWIFT Member & User Group of Bangladesh recently held a meeting of its executive committee and technical committee at a city hotel. Md Shafiul Azam, managing director and CEO of Modhumoti Bank and Chairman of the group, chaired the...
FE REPORT | 2024-03-15 00:00:00
BRAC Bank on Thursday launched its Bancassurance service, enabling customers to access insurance products directly through the bank. This offering covers both life and non-life insurance and is available at all branches nationwide. Mohammad Jainul Bari, Chairman of the Insurance...
FE REPORT | 2024-03-15 00:00:00
Renata plans to shed its loan burden further by issuing five-year preference shares, having witnessed profit erosion in FY23 and the first half of FY24 mainly due to a jump in its finance costs. It received approval of the Bangladesh...
FE REPORT | 2024-03-15 00:00:00
United Commercial Bank (UCB) has decided to increase its authorised capital from Tk 15 billion to Tk 25 billion, as it sees expanding business potential. The first generation private commercial bank's loan and advances have risen at a rate of...
LONDON, Mar 14 (Arab News): Britain and Turkiye will formally launch negotiations on a new Free Trade Agreement on Thursday with a view to including services as well as goods in a new deal. Britain already has an FTA with...
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