FE REPORT | 2024-03-04 00:00:00
The Bangladesh Bank (BB) has constituted a four-member committee to evaluate qualifications of managing directors (MDs) and chief executive officers (CEOs) in banks before their appointment and re-appointment.Issuing a circular on Sunday, the BB stated that the deputy governor tasked...
Concrete pipes lie by the roadside in old Dhaka's Nayabazar area, where ongoing sewerage work is causing traffic congestion. The situation is worsened by the detour of long-distance buses and heavy vehicles via the Babubazar Bridge-Gulistan route due to repairs...
DOULOT AKTER MALA | 2024-03-04 00:00:00
An International Monetary Fund (IMF) mission begins reappraisal of Bangladesh's tax-expenditure status on direct taxes, tax incentives to businesses and compliance issues through consultation with the revenue authority.In a series of meetings scheduled for March 4-15, geared towards necessary reforms,...
FE REPORT | 2024-03-04 00:00:00
Bangladesh ought to jumpstart policy reforms to overcome macroeconomic crisis, says a leading economist, as he finds "unprecedented and inconsistent" economic-crisis indicators here.Presenting his views Sunday on the latest state of the country's economy, Dr Zahid Hussain especially focused on...
Prime Minister Sheikh Hasina on Sunday asked all concerned, particularly the field-level administration, to ensure maintaining building codes and actions against food stockpiling across the country, reports BSS."All have to keep an eye on pursuing building codes properly. The codes...
JUBAIR HASAN | 2024-03-04 00:00:00
Remittance rebound fetched US$2.16 billion in February-the highest monthly receipt this fiscal-while Bangladesh strives to buttress its depleting forex reserves with foreign borrowings and import curbs. Official data showed Sunday the February count of remittances grew by around 40 per...
LONDON, (Reuters): Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.Inflows into tech stocks,...
LONDON, (Reuters): Invesco, opens new tab on Friday became the fifth major US investor to exit or scale back their involvement with the Climate Action 100+ coalition of investors, which aims to push highly polluting companies to cut their carbon...
NEW YORK, March (Reuters): Money managers are scrambling to cash in on the stock market's interest in artificial intelligence, as a stunning rally by Nvidia, opens new tab sparks a search for other companies that are capitalizing on the technology.Shares...
NEW YORK, (Reuters): As fervor for artificial intelligence sweeps Wall Street, some investors are seeking bargains in more conventional areas of the stock market.Value stocks, typically defined as companies trading at a discount on metrics such as book value or...
GENEVA, Mar 03 (AFP): A record jackpot of 64.59 million Swiss francs ($73 .09 million) was won Saturday in Switzerland by a lucky single ticket-holder, Swiss Lotto said in a statement.The winning ticket was held by a person in the...
DUBAI, Mar 03 (Arab News): Saudi Arabia offers an "extraordinary opportunity" for Irish firms looking to invest in everything from technology to tourism, according to Ireland's minister for enterprise, trade and employment.Appearing on the Arab News current-affairs show "Frankly Speaking,"...
LONDON, Mar 03 (AFP): British finance minister Jeremy Hunt on Sunday talked down the likelihood of tax cuts in this week's budget, pledging "prudent and responsible" measures "for long term growth".The Chancellor of the Exchequer had been widely expected to...
The 24th Annual Conference of Crystal Insurance Company Limited was held at a city hotel recently. Chairman of the company Abdullah Al-Mahmud (Mahin) inaugurated the conference as the chief guest while Chief Executive Officer (C.C) SM Shahidullah presided over the...
Midland Bank (MDB) signed a Memorandum of Understanding (MoU) with Ascott The Residence Dhaka, a deluxe boutique hotel, at the bank's head office in Dhaka. Md Rashed Akter, Head of Retail Distribution of Midland Bank, and Nayeem Uddin Ahmed, Corporate...
Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC, has recently handed over loan cheques among the underprivileged 'Jhum' farmers of hilly areas. Md Ashraf-uz-Zaman, Deputy Managing Director, Mohammad Liton Pasa Khan, Deputy General Manager & Zonal Head...
Rajshahi Zone of Islami Bank Bangladesh PLC organised an 'Agent Banking Business Development Conference' and a workshop on 'Prevention of Money Laundering & Terrorist Financing' on a virtual platform in Rajshahi recently. Mohammed Monirul Moula, Managing Director and CEO of...
National Bank Limited inaugurated a new branch at Sherpur in Bogura recently. Md Rajunur Rashid, the Regional Head & Executive Vice President of Rajshahi Region, was present as the chief guest. Sherpur sub-branch in-charges and local businessmen attended the event.
Southeast Bank signed a master loan agreement with ABC International Bank at its head office. Under this agreement, ABC International Bank will provide trade loans to Southeast Bank for its offshore banking operation. Nuruddin Md. Sadeque Hossain, managing director of...
City Bank proudly launched its bancassurance service on Sunday (March 3), marking its inaugural sale of a life insurance policy. The event was graced by Md. Mahbubur Rahman, chief financial officer; Mahia Juned, chief operating officer; Ashanur Rahman, chief economist...
First Security Islami Bank achieved 'Most innovative Islami Bank-Excellence awarded in banking of Bangladesh International Fame Award-2024 organised by Global Brands. The award was given to First Security Islami Bank in recognition of its outstanding contribution to promoting the digital...
Ashim Kumar Saha has been promoted as deputy managing director of Mercantile Bank. He was the senior executive vice president and head of treasury of the bank. Since his joining the bank in 2016. Ashim Kumar has been efficiently delivering...
Shahnawaj Chowdhury has been promoted to the post of Additional Managing Director of Modhumoti Bank. Prior to the promotion, he was the deputy managing director of the bank. Mr. Chowdhury has 25 years of experience in diversified discipline in the...
NEW DELHI, Mar 03 (Hidustan Times): Google has reinstated all Indian applications that were previously removed, according to sources.This development reportedly follows a meeting between Union Minister of Electronics, Information Technology, Ashwini Vaishnaw, and Google officials.Google had previously removed several...
FE REPORT | 2024-03-04 00:00:00
Six more poor-performing companies were downgraded to 'Z' category, which comes into effect today (Monday), as they failed to hold annual general meeting (AGM) in time.The companies are Active Fine Chemicals, AFC Agro Biotech, Fareast Life Insurance, New Line Clothing,...
FE REPORT | 2024-03-04 00:00:00
The stock of Grameenphone (GP) tumbled almost 9 per cent on the Dhaka Stock Exchange on Sunday, the first trading day after it got rid of the floor, as investors dumped their holdings fearing further erosion. As per a directive...
MANILA, Mar 3 (Reuters): Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion.Aboitiz...
PARIS, Mar 3 (AFP): Last year was the safest ever for commercial air travel, despite a massive rebound in passenger flights, an airline industry group said last week.The only fatal accident of a passenger plane was the crash of an...
LONDON, Mar 3 (Reuters): US production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the US Energy Information Administration (EIA) on Thursday.Production continued to climb even as prices...
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