FE REPORT | 2024-02-20 00:00:00
The High Court on Monday directed the authorities concerned to submit a list of products already registered as Geographical Indications (GI) and those suitable for local and international GI registration.The order was issued by a High Court bench comprising Justice...
Prime Minister Sheikh Hasina returned home on Monday morning after attending the three-day Munich Security Conference in Germany, her first foreign tour since winning last month's polls, reports UNB.A regular flight of Biman Bangladesh Airlines, carrying the PM and her...
A battery-driven rickshaw’s driver and passengers wearing masks navigate through dusty air, creating a fog-like effect, in Dhaka's Shyampur area. The capital's air quality remained poor on Monday morning, maintaining its position as the most polluted city for three consecutive...
SAJIBUR RAHMAN | 2024-02-20 00:00:00
Credit-card transactions by Bangladeshi nationals outside the country rose 18.87 per cent in December 2023 from the previous month (November), apparently as getting cash dollars from banks has become difficult for the travellers.The spending abroad through credit cards increased equivalent...
SYFUL ISLAM | 2024-02-20 00:00:00
The Asian Development Bank (ADB) is likely to provide a US$500 million policy-based loan in two phases by June next year as budget support to strengthen the social resilience of people in Bangladesh, officials said.A fact-finding mission of the Manila-based...
The Indian government has decided to allow export of onions to six countries, including Bangladesh, on a limited scale, according to a report published on The Economic Times of India.A person from the Indian Ministry of External Affairs, familiar with...
DOULOT AKTER MALA | 2024-02-20 00:00:00
Bangladesh has climbed two notches up in logistics index but kept languishing in the lowest position among four South Asian economies since 2019, prompting the government to make a policy for upgrading.Agility Emerging Markets Logistics Index 2024 has ranked Bangladesh...
JUBAIR HASAN | 2024-02-20 00:00:00
Liquidity feeding into credit-hungry banks marks a significant rise amid major liquidity crunch facing the industry, officials say, notwithstanding the central bank's contractionary monetary stance.As the buildup of pressure on the overall liquidity in the banking sector continues following the...
MILAN, Feb 19 (Reuters): Stellantis is considering building up to 150,000 low-cost electric vehicles (EVs) in Italy, in its Mirafiori complex in Turin, as part of its agreements with Chinese automaker Leapmotor, Automotive News Europe said on Monday.The Franco-Italian automaker...
SHANGHAI, Feb 19 (AFP): China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.Domestic spending on entertainment, dining and travel soared during this...
NEW DELHI/BENGALURU, Feb 19 (Reuters): An investigation into possible foreign exchange violations at Patym Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.Last week,...
DUBAI, Feb 19 (AFP): Dubai's air hub has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic levels in 2023, Dubai Airports' CEO told AFP on Monday.Dubai International, the world's busiest airport for international passengers...
SINGAPORE, Feb 19 (AFP): Aviation hub Singapore will require airlines departing from the city-state to use sustainable aviation fuel (SAF) from 2026 as part of industry plans to cut carbon emissions, the transport minister said Monday.But as the environmentally friendly...
RIYADH, Feb 19 (Arab News): Saudi Arabia's holdings in US treasuries increased for the fifth consecutive month, rising by 2.96 per cent to $131.9 billion in December from November. Data released by the US Treasury Department placed Saudi Arabia at...
With a view to expanding the range of remittance service, Standard Bank PLC has signed an agreement with South Africa-based remittance company Hellopaisa. Under this agreement, expatriate Bangladeshis can send money directly to their beneficiaries' accounts with Standard Bank and...
Uttara Motors has received a huge response from car enthusiasts at its 'Suzuki Car Exchange Carnival' being held for the first time. The carnival, which was scheduled to conclude on February 19, will now run until February 25 (excluding holidays)....
ABM Mokammel Hoque Chowdhury, Managing Director & CEO of Union Bank PLC, inaugurated the Rajarhat Sub-Branch in Chattogram and Kalarmarchhara Sub-Branch in Cox's Bazar as the chief guest through videoconferencing from the bank's Head Office in Dhaka recently.
Khulna Zone of Islami Bank Bangladesh PLC organised an 'Agent Banking Business Development Conference' and a workshop on 'Prevention of Money Laundering & Terrorist Financing' at a hotel in Khulna on Sunday. Mohammed Monirul Moula, Managing Director and CEO of...
FE REPORT | 2024-02-20 00:00:00
The 21st Dhaka International Yarn and Fabric Show 2024 (winter edition) and the 6th Denim Bangladesh 2024 International Expo will begin in Dhaka on March 6.The four-day exhibition is being jointly organised by Conference and Exhibition Management Services (CEMS-Global USA)...
European stocks slipped on Monday, with French stocks taking a hit after the government cut its annual economic growth forecast, while shares of car parts maker Forvia rose following an upbeat outlook and on plans to trim its workforce. The...
BEIJING/SHANGHAI, Feb 19 (Reuters): China's securities watchdog said it held a series of seminars on Sunday and Monday with market participants who proposed tighter scrutiny of company listings and trading behaviour as part of efforts to revive market confidence.The meetings...
BENGALURU, Feb 19 (Reuters): Indian shares extended gains for the fifth straight session on Monday, with the blue-chip Nifty 50 index hitting a record high, led by financials and energy stocks.The jump marks the sixth instance of the Nifty 50...
Goldman Sachs raised its year-end target for the benchmark S&P 500, opens new tab to 5,200, reflecting roughly a 4 per cent upside from current levels, citing an improved earnings outlook for the index companies. reports Reuters.The brokerage had previously...
LONDON/SYDNEY, Feb 19 (Reuters): World shares struggled to gain ground on Monday as fading chances for early interest rate cuts globally soured the mood and Chinese markets returned from holiday with only muted gains.A holiday for US markets made for...
RIYADH, Feb 19 (Reuters): Saudi Aramco, opens new tab is likely to issue a bond this year and will prioritise longer tenures of up to 50 years, Chief Financial Officer Ziad Al-Murshed said on Monday.The planned issuance is part of...
TOKYO, Feb 19 (Reuters): Japan's exit from ultra-easy monetary policy would mark a "regime change" for its banking system as lenders compete for deposits in a move that could trigger massive shifts in fund flows, a former banking regulator said.With...
BENGALURU, Feb 19 (Reuters): India's Adani Group is in advanced talks with West Asia-based sovereign funds to raise up to $2.6 billion for its airport expansion and green hydrogen projects, the Business Standard daily reported late on Sunday.The Adani Group's...
WASHINGTON, Feb 19 (Reuters): The US government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.GlobalFoundries, the world's third-largest contract chipmaker, will build a new...
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