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Microsoft reaches $4 trillion valuation after solid results

2025-08-02 00:00:00

Microsoft hit $4 trillion in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off, reports Reuters Strong...

IDLC Finance sees 45pc profit surge in Q2 on higher investment income

FE REPORT | 2025-08-02 00:00:00

IDLC Finance has reported an impressive 45 per cent year-on-year growth in profit for the second quarter (April-June) of this year, driven by higher investment income. The non-bank financial institution (NBFI) posted a profit of Tk 579 million in Q2,...

Stocks stay upbeat as blue chips keep rising

FE REPORT | 2025-08-02 00:00:00

Stocks extended their rally for the eighth straight week, with the benchmark equity index surpassing 5,400 mark for the first time in 10 months, as buoyant investors continued to put fresh bets on blue chip shares.The improving macroeconomic factors, supported...

Single bid marks 40pc of contracts

JAHIDUL ISLAM | 2025-08-01 12:00:00

Nearly half of the procurement contracts executed by the Central Medical Stores Depot (CMSD) during the 2023-24 fiscal year saw low bidder participation, raising concerns about competition, transparency, and value for money, reveals the recent Procurement Post Review of the...

Stock market hopes and hype

Syed Muhammed Showaib | 2025-08-01 12:00:00

The Dhaka Stock Exchange (DSE), Bangladesh's main financial marketplace, has now been on a steady upward climb for eight consecutive weeks. During this gaining streak, the benchmark DSEX index crossed the 5,400 mark for the first time since last November....

Trump’s tariff and the impending catastrophe for many nations

2025-08-01 12:00:00

The so-called "reciprocal tariff" policy of the U.S. administration has already emerged as a potentially destabilising force in global trade -- arguably more damaging than any recent disruption. While third world countries are likely to suffer the worst consequences, particularly...

Pakistan says it wins US tariff deal; Trump cites oil reserves pact

2025-08-01 00:00:00

ISLAMABAD/WASHINGTON, July 31 (Reuters): The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports."This deal...

NCP's ‘July March’ ends in Dhaka

2025-08-01 00:00:00

The "July March" of the National Citizen Party (NCP) has returned to Dhaka, concluding its month-long procession after meeting supporters of the July Uprising across the country.NCP leaders and activists of the capital welcomed the top leaders with showers of...

People from different walks of life suffer as a group of protesters under the banner of July Fighters block the Shahbagh intersection

2025-08-01 00:00:00

People from different walks of life suffer as a group of protesters under the banner of July Fighters block the Shahbagh intersection in the capital, demanding immediate implementation of the July Declaration and July Charter, and their inclusion in permanent...

Political parties must have mutual understanding: Mirza Fakhrul

2025-08-01 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir on Thursday stressed mutual understanding among political parties given the current political situation in the country, reports BSS."There must be mutual understanding among political parties. There will be mudslinging in...

Fuel prices to remain unchanged in August

FE REPORT | 2025-08-01 00:00:00

The government has kept unchanged the prices of diesel, kerosene, petrol and octane at Tk 102 per litre, Tk 114 per litre, Tk 118 per litre and Tk 122 per litre respectively for the month of August under the automatic...

DNCC launches drive to recover 1,500 acres of water bodies, wetlands

2025-08-01 00:00:00

The Dhaka North City Corporation (DNCC) on Thursday launched a special drive to recover its 1500 acres of water bodies and wetlands under the Detailed Area Plan (DAP) of the Rajdhani Unnayan Kartripakkha (RAJUK).As part of the drive, Administrator of...

Southeast Bank MD Sadeque Hossain resigns

FE REPORT | 2025-08-01 00:00:00

Nuruddin Md Sadeque Hossain has tendered his resignation as Managing Director (MD) of Southeast Bank PLC.He submitted his resignation to the Chairman of the bank's Board of directors on 28 July 2025, citing his health grounds, according to a press...

Ocean-going ship imports may get tax exemption again

DOULOT AKTER MALA | 2025-08-01 00:00:00

The government is rethinking its decision to impose a 7.5% VAT on the import of ocean-going ships, following strong backlash from local investors and concerns over potential damage to a booming foreign exchange-earning sector. After promising tax exemptions until 2030,...

Hasina, Rehana, family members indicted

FE REPORT | 2025-08-01 00:00:00

Two separate special courts in Dhaka have framed charges against 27 individuals, including ousted Prime Minister Sheikh Hasina, her sister Sheikh Rehana, and their family members, in six cases filed on charges of abusing power in acquiring plots in RAJUK's...

1 in 4 Bangladeshis multidimensionally poor

FE Report | 2025-08-01 00:00:00

Bangladesh's 24.05 per cent or nearly one-fourth of people are multi-dimensionally poor as they are deprived from some 11 dimensions, said a government report.In 2019, 24.05 per cent of the population was identified as multi-dimensionally poor, meaning that around 39.77...

Trade bodies flag BB's monetary policy 'dampening' pvt investment

FE REPORT | 2025-08-01 00:00:00

Leading trade bodies in Bangladesh have expressed concern over Bangladesh Bank's (BB) continued contractionary monetary policy, warning that it is dampening private investment and hurting business confidence across sectors.In a statement issued on Thursday, the Dhaka Chamber of Commerce and...

Dhaka anticipates cut-down duty on exports

FE REPORT | 2025-08-01 00:00:00

Bangladesh was set to conclude its final-round negotiations with the United States on Thursday on hopes for an agreement providing cut-down duties on Bangladeshi exports.Officials at the Ministry of Commerce said the outcome of the wrapping-up negotiations would determine the...

Parliament to have PR-based 100-seat upper house

FE REPORT | 2025-08-01 00:00:00

Bangladesh poised to have bicameral parliament 100-seat upper house as the National Consensus Commission (NCC) decided Thursday by exercise of discretionary authority amid political disagreements on its formation. The commission also decides that the members of the upper house will...

Policy rate remains unchanged at 10pc to help check prices

FE REPORT | 2025-08-01 00:00:00

Bangladesh's tightfisted monetary-policy stance to continue with 10-percent policy rate until inflation drops below 7.0 per cent, the central bank announced Thursday.During the rollout of the half-yearly monetary policy for the current fiscal year, Bangladesh Bank (BB) Governor Dr Ahsan...

Moazzem Hossain's 7th death anniv today

FE REPORT | 2025-08-01 00:00:00

Today (Friday) is the 7th death anniversary of the country's iconic economic journalist and founder-editor of The Financial Express (FE), A.H.M. Moazzem Hossain.On August 01, 2018, he passed away at the age of 73.He was one of the leading organisers...

CID freezes Tk 5.3cr in accounts of Khaleda Zia voice impersonator

2025-08-01 00:00:00

The Criminal Investigation Department (CID) has temporarily frozen over Tk 5.03 crore kept in 13 bank accounts belonging to a man - Motalles Hossain, who allegedly impersonated Khaleda Zia's voice and introduced himself as her liaison officer in order to...

Ganasanghati Andolan will hold rally today

2025-08-01 00:00:00

Ganasanghati Andolan will organise a rally marking the July Uprising in front of theCentral Shaheed Minar in the capital today (Friday), reports BSS.Ganasanghati Andolan Chief Coordinator Zonayed Saki will chair the rally.Members of the families of martyrs, injured July fighters...

Court suspends GM Quader's authority, reinstates ousted leadership

2025-08-01 00:00:00

A Dhaka court has imposed a temporary injunction on Jatiya Party Chairman GM Quader and the party's Joint Office Secretary Mahmud Alam, barring them from carrying out organisational activities, reports bdnews24.com.The court also ordered the reinstatement of 10 senior leaders...

Polls as per schedule, not a day's delay: CA's PS

2025-08-01 00:00:00

The national election will be held on time without any delay, said Chief Adviser (CA)'s Press Secretary (PS) Shafiqul Alam on Thursday, reports UNB."The next five or six days are important for the interim government. There won't be even a...

Polls date will be revealed in a few days : Asif Nazrul

2025-08-01 00:00:00

As political pressure builds on the interim government to announce a timeline for national polls, Law Advisor Asif Nazrul has said the date for the general election will be revealed in a few days, reports bdnews24.com."The chief advisor tells us...

Jamaat threatens to sue govt, NCC over July Charter's legal basis

2025-08-01 00:00:00

Jamaat-e-Islami has threatened to sue the government and the National Consensus Commission (NCC) for compensation if the July Charter is not granted legal recognition, reports bdnews24.com.The warning came from the party's deputy chief Syed Abdullah Mohammad Taher during a lunch...

Extremism should not be allowed to rise: Tarique Rahman

2025-08-01 00:00:00

Bangladesh Nationalist Party (BNP) acting Chairman Tarique Rahman has said women should be vigilant so that extremism cannot rise in the country, reports BSS."The next election is very important for every citizen of the country. Women should be very vigilant...

Trump's latest tariffs: What is changing and who is affected

2025-08-01 00:00:00

WASHINGTON, July 31 (AFP) : As of August 1, a range of new tariffs will be imposed on most of Washington's trading partners -- some of them heavy and some sector-specific, such as a 50 percent tariff on products made...

Copper price drops as raw metal excluded from 50pc US tariff

2025-08-01 00:00:00

WASHINGTON, July 31 (AFP): US President Donald Trump on Wednesday imposed a pared-back import tariff on copper that excluded the metal in its raw form from a 50-percent levy on semi-finished products.The price of copper, which had soared after Trump...