FE REPORT | 2024-02-21 00:00:00
The shortfall in tax-revenue collection stood at Tk 177.51 billion until January of the current fiscal year though it grew by nearly 15 per cent during this period.According to the provisional data of the revenue board, the tax-collection scenario has...
The nation is set to observe 'Amar Ekushey', the Language Martyr's Day (Shaheed Day) and the International Mother Language Day today (Wednesday), commemorating the supreme sacrifice of the language heroes for upholding the dignity of mother-tongue Bangla.The day will also...
FE REPORT | 2024-02-21 00:00:00
Suspicious financial transactions and activities in Bangladesh's financial sector find a spurt as intelligence reports around 65-percent annualised rise in the past fiscal.Around 91 per cent of such transaction-and activity reports were filed by the commercial banks to the Bangladesh...
US-based Eli Lilly and Denmark's Novo Nordisk, opens new tab have struck gold with their weight-loss drugs, sending their shares to stratospheric levels and putting them on par with some high-growth tech stocks, reports Reuters.Retail and institutional investors alike have...
Shimanto Bank has recently achieved internationally recognized ISO 27001:2022 certificate. ISO 27001:2022 is the latest iteration of the globally recognized standard for information security management systems (ISMS). The certification validates Shimanto Bank's unwavering commitment to safeguarding sensitive data. Managing Director...
The 868th executive committee meeting of Shahjalal Islami Bank was held at the corporate head office of the bank on Monday. The meeting was presided over by Akkas Uddin Mollah, chairman of the committee, while the board of directors Chairman...
Prime Bank Investment Ltd unveiled four discretionary product segments -- Shariah, Women, Probashi and Youth -- under the brand 'PrimeInvest' at a ceremony at The Westin Dhaka on Sunday. Bangladesh Securities and Exchange Commission (BSEC) Commissioner Dr Shaikh Shamsuddin Ahmed...
Social Islami Bank inaugurated three new sub-branches from the bank's head office on Tuesday. Zafar Alam, managing director and CEO, inaugurated the sub-branches as the chief guest while Mohammad Forkanullah, deputy managing director, presided over the programme.
NCC Bank signed a cash management solution agreement with National Polymer Industries on Monday. M Shamsul Arefin, managing director and CEO (CC) of NCC Bank, and Riad Mahmud, managing director and CEO of National Polymer Industries, signed the agreement. Under...
Barishal Zone of Islami Bank Bangladesh organised 'Agent banking business development conference and workshop on prevention of money laundering & terrorist financing' at Zilla Shilpakala Academy on Monday. Mohammed Monirul Moula, managing director and CEO of the bank, addressed the...
BRAC Bank has signed a partnership agreement with NRB CIP Association to promote remittance and investment inflow into the country. Mohammed Mahtabur Rahman, president of NRB CIP Association, and Sheikh Mohammad Ashfaque, head of branches of BRAC Bank, signed the...
Three straight years of losses from Chinese markets and anti-Beijing rhetoric from Washington have not deterred some US asset managers from introducing products they hope will thrive if Chinese stocks rebound, reports Reuters.China's markets have been hit by a long-lasting...
FE REPORT | 2024-02-21 00:00:00
After the removal of the floor price, 189 stocks, out of 357 listed companies, have traded below the floor price level, as investors' optimism has been gradually fading away.Among the stocks, IPD Finance lost 41 per cent, closely followed by...
MOHAMMAD MUFAZZAL | 2024-02-21 00:00:00
Listed banks and non-bank financial institutions (NBFIs) are worried over regulatory punishments as the Bangladesh Bank and the securities regulator have locked horns over the settlement of unclaimed dividends and formation of an additional sub-committee. In such a situation, if...
TOKYO, Feb 20 (Reuters): Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will keep steel product prices steady in March to ensure that a hike implemented this month will be absorbed by the market.The...
Three promising architects were awarded KSRM Awards for their Best Undergraduate Thesis recently, says a statement. They received the awards at a programme at the Institute of Architects Bangladesh (IAB) Centre in Dhaka. The winners were selected based on their...
Walmart kicked off US retailers' reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for $2.3 billion, reports Reuters.Walmart's bigger focus on groceries than rivals...
The fire safety system of BM Container Depot Limited, a sister concern of Smart Group, has been recognised as the best fire system in the Industrial Category by the Electronic Safety and Security Association of Bangladesh (ESSAB) at the 9th...
SINGAPORE, Feb 20 (Reuters): Singapore on Tuesday kicked off Asia's biggest aviation gathering with orders for China's COMAC and Boeing planes as the industry grapples with a rebound in post-pandemic travel demand in the face of severe supply constraints.More than...
Credit Rating Infor-mation and Services Limited ( CRISL) has been adjudged the best Credit rating company of Bangladesh by renowned international financial journal and research publication 'The Asset Limited', says a statement. The CRISL was awarded 'The Asset's Triple A...
Summit Towers Limited, a subsidiary of Summit Communications Group, has announced the successful acquisition of 2012 towers from Banglalink Digital Communications Limited, marking a significant milestone in the telecommunications industry.The transaction, valued at Tk 11 billion, solidifies Summit's position as...
FE REPORT | 2024-02-21 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has requested a waiver of source tax on fish at the purchase level, arguing that the current tax measures affect both farmers and frozen fish exporters.The apex business body recently...
MOSCOW, Feb 20 (BBC): Russian President Vladimir Putin has given North Korean leader Kim Jong Un a luxury Russian-made car. Pyongyang's state media said the limousine was delivered to Mr Kim's top aides on Sunday. Kremlin spokesman Dmitry Peskov later...
PORT-AU-PRINCE , Feb 20 (Reuters): A Haitian judge in charge of the investigation into the 2021 assassination of the Caribbean nation's last president has charged some fifty people, including his widow and a former prime minister, according to a document...
MADRID, Feb 20 (BBC): The body of a man who was shot dead in Spain is believed to be that of a Russian helicopter pilot who defected to Ukraine last year. In August, Maxim Kuzminov flew a helicopter into Ukrainian...
NEW DELHI, Feb 20 (AP): Indian farmers who have been protesting for a week to demand guaranteed crop prices have rejected a proposal from the government, and say they will continue their march to the capital New Delhi.The protesting farmers...
BRUSSELS, Feb 20 (AFP/AP): All EU countries except Hungary joined a call Monday for an "immediate humanitarian pause" in the Gaza war, foreign policy chief Josep Borrell said.The European Union has struggled for a united response on Israel's military operation...
BERLIN, Feb 20 (AP): Andreas Brehme, who scored the only goal as West Germany beat Argentina to win the 1990 World Cup final, has died. He was 63.Brehme's partner Susanne Schaefer confirmed his death in a statement to Germany's dpa...
Bangladesh Cricket Board (BCB) official appointed on Tuesday former national skipper Habibul Bashar as the head of women's cricket, reports Cricbuzz.Habibul, who worked as the member of the national selection panel from 2016 to 2024 until it was dissolved recently,...
Bangladesh pacer Mustafizur Rahman was sent to Dhaka team hotel from Chattogram after being cleared to fly, reports BSS.He was hit on his head during Comilla Victorians' practice session on February 18 for a match of Bangladesh Premier League (BPL).The...
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