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Stop genocide in Gaza: PM to world leaders

2024-02-19 00:00:00

MUNICH, Feb 18, (UNB): Prime Minister Sheikh Hasina has urged world leaders to stop genocide in the Palestinian city of Gaza."Bangladesh has always stood against genocide. What is happening in Gaza I feel is a genocide. So, we never support...

Shoppers' spending power in focus as Walmart kicks off retail earnings season

2024-02-19 00:00:00

NEW YORK, Feb 18 (Reuters): US retailer Walmart Inc is expected to strike a cautious tone for 2024 when it reports results on Tuesday.Despite what was likely a bumper holiday season for Walmart, inflation continues to burden many Americans facing...

UTTARA BANK HOLDS BRANCH MANAGERS’ CONFERENCE

2024-02-19 00:00:00

Uttara Bank PLC held a 'Branch Managers’ Conference & Conference on Prevention of Money Laundering-2024' at a hotel in Dhaka on Saturday. Azharul Islam, Chairman of the bank, was present as the chief guest while Mohammed Rabiul Hossain, Managing Director...

Community Bank Holds 50th Board Meeting

2024-02-19 00:00:00

The 50th Board Meeting of Community Bank Bangladesh PLC. was held at the Police Headquarters on Sunday. The meeting was chaired by Chowdhury Abdullah Al-Mamun, Inspector General of Police and Chairman of the bank. At the meeting, important decisions were...

RUPALI BANK HOSTS 'BUSINESS CONFERENCE-2024'

2024-02-19 00:00:00

Rupali Bank PLC has recently organised a 'Business Conference-2024' with the participation of branch managers of Dhaka North Division at the Faridpur River Research Institute. Managing Director and CEO of the bank Mohammad Jahangir was present as the chief guest...

NAGAD WINNERS TAKE ON MINUTE-SHOPPING CHALLENGE

2024-02-19 00:00:00

Winners of a Nagad offer have successfully completed a challenge to making a Tk 10,000 purchase at the Miniso retail shop within a minute. They earned this opportunity after being selected through a Tk 100 or higher recharge on either...

Shimanto Bank workshop for Women Entrepreneurs

2024-02-19 00:00:00

Shimanto Bank has recently conducted a financial literacy programme and workshop on 'Women Entrepreneurship and Access to Bank Finance' covering CMSME women entrepreneurs on the Sylhet Branch premises. Head of Financial Literacy Wing of the bank Sanjoy Pal spoke about...

China leaves key policy rate unchanged

2024-02-19 00:00:00

SHANGHAI/SINGAPORE, Feb 18 (Reuters): China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing's room to manoeuvre...

BGBA election on March 2

FE REPORT | 2024-02-19 00:00:00

Election to the Bangla-desh Garment Buying House Association (BGBA) will be held on March 2 for the 2024-26 term.Kazi Iftequer Hossain, panel leader of the council that is contesting the upcoming BGBA polls, introduced candidates at a press conference in...

Bargain rightly on agri, fisheries subsidies at WTO meeting

FE REPORT | 2024-02-19 00:00:00

Experts at a seminar on Sunday urged the government to make full-fledged preparation for its bargaining on agriculture, fisheries and e-commerce subsidies at the WTO ministerial meeting to be held later this month.Organised by civil society organisations, the seminar was...

HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk

2024-02-19 00:00:00

HONG KONG/SHANGHAI, Feb 18 (Reuters): HSBC, opens new tab plans to tighten risk management at Hong Kong unit Hang Seng Bank, opens new tab due to worries about a potential rise in bad loans amid growing economic headwinds and property...

Biggest outflow from cash in eight weeks, investors buy stocks, bonds: BofA

2024-02-19 00:00:00

LONDON, Feb 18 (Reuters): Investors dumped cash and continued to pour money into equities, particularly tech stocks, and investment grade bonds in the week to Wednesday, Bank of America said in a report on Friday.There were inflows of $16.1 billion...

Saudi Arabia's tax revenue surge fuels 2023 budget growth

2024-02-19 00:00:00

RIYADH, Feb 18 (Arab News): Saudi Arabia experienced an 11 per cent increase in non-oil revenues, reaching SR457.73 billion ($122.06 billion) in 2023 compared to 2022, official data showed. The growth, primarily driven by increased taxes on income, profits, and...

SBI seeks lower reserve requirement for green deposits, chairman says

2024-02-19 00:00:00

MUMBAI, Feb 18 (Reuters): The State Bank of India (SBI) has asked the Reserve Bank of India for a reduction in the cash reserve ratio that needs to be maintained on green deposits raised by banks, Chairman Dinesh Kumar Khara...

US Federal Reserve releases scenarios for 2024 bank 'stress tests'

2024-02-19 00:00:00

WASHINGTON, Feb 18 (Reuters): The US Federal Reserve on Thursday released scenarios for its annual bank health checks that will assess how well 32 large lenders would fare under a severe economic shock, including a US jobless rate of 10...

National Housing FINANCE signs MoU with Starpath Holdings

2024-02-19 00:00:00

National Housing Finance PLC signed a memorandum of understanding (MoU) with well-known developer Starpath Holdings Limited at the National Housing Finance's corporate head office in the city on Sunday. National Housing Finance Managing Director & CEO Mohammad Shamsul Islam and...

Shahjalal Islami Bank holds 867th EC meeting

2024-02-19 00:00:00

The 867th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of Executive Committee (EC) of...

Water Resources Ministry and BWDB jointly organised Family Day-2024

2024-02-19 00:00:00

Water Resources Ministry and Bangladesh Water Development Board (BWDB) have jointly organised a Family Day-2024 at the Sea-Shell Park at Purbachal, in the city recently. State Minister for Water Resources Zahid Farooq was present as the chief guest at the...

'Jonaki' boutique store opens

2024-02-19 00:00:00

A new boutique store named 'Jonaki' was inaugurated at a posh city hotel on Saturday, spearheaded by a dynamic female entrepreneur. Jonaki's founder and CEO Nasreen Zamir described the venture as an initiative "designed in Bangladesh, inspired by France and...

Social Islami Bank arranged a business review meeting in Chattogram

2024-02-19 00:00:00

Social Islami Bank arranged a business review meeting in Chattogram on Saturday. Zafar Alam, managing director and CEO, was present as chief guest. Deputy managing directors of the bank Mohammad Forkanullah, Abdul Hannan Khan and Mohammad Habibur Rahman, and Chattogram...

FBCCI for further exploration of oil, gas, coal

FE REPORT | 2024-02-19 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has recommended strengthening the ongoing oil, gas and coal exploration efforts, aiming to ensure uninterrupted supply of energy to the industries and other sectors.The apex-trade body made the recommendation at...

Dhaka Bank holds financial closure of Tk 5,000m Ananta Terraces

FE DESK | 2024-02-19 00:00:00

A 'financial closure ceremony' of the syndicated term facility of Tk 5,000 million for Ananta Real Estate Limited was held recently at a hotel in the capital, according to a statement. The project, 'Ananta Terraces', will be the first-ever LEED...

Prime Bank Investment launches 4 tailor-made products

FE REPORT | 2024-02-19 00:00:00

Prime Bank Investment on Sunday unveiled four discretionary products for its clients, striving to set new standards to ensure inclusivity in the capital market.The products --Shariah, Women, Probashi, and Youth-- were launched through a ceremony held at a city hotel,...

Aamra Networks' rights subscription begins Mar 24

FE REPORT | 2024-02-19 00:00:00

Rights shares subscription of Aamra Networks is set to begin on March 24, aimed at raising nearly Tk 930 million for network expansion and loan repayment.The subscription period for the IT firm will be continued until April 18 while the...

Newly-labeled Z stocks plunge on DSE

FE REPORT | 2024-02-19 00:00:00

All 22 stocks newly labeled as Z category securities lost value on the Dhaka Stock Exchange (DSE) on Sunday.Market insiders believe the stock market watchdog has reduced the scope of manipulation by downgrading non-performing shares to junk category.Since Z category...

CSE still awaits registration for maiden commodity exchange

FE REPORT | 2024-02-19 00:00:00

The operation of the country's first commodity exchange is unlikely to start anytime soon as the port city bourse has not even got the registration/licence from the stock market regulator.The Bangladesh Securities and Exchange Commission (BSEC) published a gazette of...

South Africa cricket legend Mike Procter dies at 77

2024-02-19 00:00:00

JOHANNESBURG, Feb 18 (AFP): South Africa cricket legend and former national coach Mike Procter died on Saturday at the age of 77, his wife told AFP."He suffered a complication during surgery, became unconscious and never woke up," Maryna Procter said.Procter...

Ronaldo overtakes Messi for unique goalscoring record

2024-02-19 00:00:00

Cristiano Ronaldo's goal for Al Nassr on Saturday night has seen him overtake long-time rival Lionel Messi for non-penalty goals, report agencies.The 39-year-old scored his side's first Saudi Pro League goal following the winter break in the 2-1 win against...

India crush England with record win to lead Test series 2-1

2024-02-19 00:00:00

RAJKOT, India, Feb 18 (AFP): Yashasvi Jaiswal hit an unbeaten double century to help India to its biggest-ever win Sunday, crushing England by 434 runs in the third Test to take a 2-1 lead in the series.Chasing 557 for victory,...

Sura Krishna shines at 'Path to Glory

2024-02-19 00:00:00

Bangladesh's boxing sensation, Sura Krishna Chakma, clinched a decisive victory in the Lightweight division at the "Path to Glory: Hustle in Dhaka Square" event Saturday night, reports UNB. Hosted in Banani, Dhaka, by Xcel Sports Management and Promotions in partnership...