FE REPORT | 2025-06-24 00:00:00
M Akhtar Hossain, acting managing director of Exim Bank, has recently resigned from his post at the Shariah-based lender amid ongoing discussions regarding the merger of five Islamic banks.Mr Hossain, a seasoned banker, joined Exim Bank as additional managing director...
Ferdous Ali Khan has been elected as the Chairman of the Executive Committee of the Board of Directors of Standard Bank PLC in its 411th meeting held recently, says a statement. A pioneer in the tailoring industry, Mr Khan founded...
YASIR WARDAD | 2025-06-24 00:00:00
The country's food grain import cost is set to be considerably higher than the growth of its import volume in the outgoing this fiscal, available data revealed. According to the Ministry of Food, imports of food grain both by private...
FE REPORT | 2025-06-24 00:00:00
Bangladesh's chronic revenue shortfall and lack of tax compliance are at the heart of its fiscal and developmental challenges, said Anisuzzaman Chowdhury, special assistant to the chief adviser of the interim government, on Monday.He made the observation at a post-budget...
RIYADH, June 23 (Arab News): Saudi Arabia's non-oil industrial activities posted robust growth of 5.3 per cent in 2024, highlighting the success of the Kingdom's economic diversification efforts under Vision 2030.The overall Industrial Production Index however declined by 2.3 per...
BRUSSELS, June 23 (AFP): Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion-albeit at a slowing, sluggish pace, a closely watched survey showed Monday.The HCOB Flash Eurozone purchasing managers' index (PMI) published...
BENGALURU, June 23 (Reuters): India's private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring.The HSBC...
JEDDAH, June 23 (Arab News): The International Monetary Fund has warned that US airstrikes on Iran could amplify global economic uncertainty, with potential spillovers far beyond energy markets, its head told Bloomberg on Monday.IMF Managing Director Kristalina Georgieva said that...
A 25-day Foundation Training Course for Officers (Batch 05/2025) organised by Janata Bank PLC began at the Janata Bank Staff College in the city recently. Managing Director of the bank Md Mazibur Rahman inaugurated the course. A total of 50...
IFIC Bank, the country's largest commercial bank in terms of branch and sub-branch network, organised a day-long workshop, titled "Currency Management by Scheduled Bank Branches" with the aim of making currency management in the bank more streamlined, disciplined, and modernised....
Southeast Bank successfully held its regional conference titled "Leadership Circle - 2025" on Sunday in Khulna, aiming to align strategic business goals, address operational challenges, and chart a future-focused roadmap for the Khulna region. The conference was attended by Mr....
FE REPORT | 2025-06-24 00:00:00
Mercantile Bank wants to raise Tk 8 billion by issuing subordinated bonds to strengthen its capital base under Basel-III compliance as per the Bangladesh Bank's December 2014 guidelines on risk-based capital adequacy.The bond issuance is subject to the approval of...
Bengal Islami Life Insurance Limited recently inaugurated the "Bengal OPD Rider (Outpatient Treatment)" service at a grand ceremony at the 3D Auditorium of Krishibid Institution Bangladesh at Farmgate in the capital. This outpatient treatment service will be provided to Bengal...
Bangladesh's apparel exports to the European Union (EU) witnessed a notable surge, reaching US$8.07 billion during the January-April period of 2025, up significantly from $6.51 billion in the same period of 2024, reports UNB.This impressive growth represents a 23.98 per...
FE REPORT | 2025-06-24 00:00:00
Ziad Shatara has been appointed as managing director (MD) and CEO of Robi Axiata by the company's board of directors.The appointment is effective from September 1, according to an official statement of Robi. With over 30 years of experience in...
FE REPORT | 2025-06-24 00:00:00
Acme Pesticides has sought another 18-month extension to fully utilise its IPO (initial public offering) fund as it failed to complete fund utilisation even within an extended time frame.The company has already used most of the IPO proceeds in line...
Mutual Trust Bank (MTB) elected Syed Nasim Manzur and Tapan Chowdhury as directors and Zareen Mahmud Hosein as an independent director to its board, according to a statement.SYED NASIM MANZURSyed Nasim Manzur, an eminent Bangladeshi industrialist, is the managing director...
MOHAMMAD MUFAZZAL | 2025-06-24 00:00:00
Bangladesh's equity market has not yet witnessed a significant impact of the Iran-Israel conflict, but experts and market operators fear that its escalation with the US stepping in will gradually start biting it. There are concerns that if the conflict...
M G Quibria | 2025-06-24 00:00:00
Foreign direct investment (FDI) has been a cornerstone of economic transformation in many developing countries. It brings not only capital but also global market access, cutting-edge technology, managerial know-how, and integration into international production networks. Countries like Vietnam and Mexico...
Dog bites have long been a neglected but persistent public health challenge in Bangladesh. Each year, thousands of people particularly children and the poor fall victim to stray dog attacks, often resulting in physical trauma, psychological distress, and in worst...
Young entrepreneurs are often praised at various conferences both online and offline. But behind the applause, many entrepreneurs are quietly struggling. The problem isn't a lack of ambition or creativity. It's the absence of tangible, practical support.Young people across Bangladesh...
Syed Fattahul Alim | 2025-06-24 00:00:00
The interim government's Finance Adviser, Dr Salehuddin Ahmed, in response to criticism of the just-approved budget for FY 2025-26 that it followed an 'old road', came out forcefully saying that it was rather a 'highway born out of the old...
When the developed nations are yet to get the priorities in terms of global warming right, countries like Bangladesh are not expected to have enviable records on such issues. But much as such countries may be the least contributor to...
Ambassador Tracey Ann Jacobson, Chargé d'Affaires at the US Embassy in Dhaka, met BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday and discussed a range of issues, including the hike in US tariffs and the upcoming national election in...
FE REPORTA Dhaka court on Sunday imposed a travel ban on the two sons and a daughter of former land minister Saifuzzaman Chowdhury over graft allegations.The accused are Zeba Zaman, Tanayeem Zaman Chowdhury, and Sadakat Zaman Chowdhury.Dhaka Metropolitan Senior Special...
The Chittagong Port Authority has issued a rejoinder to a news item published in The Financial Express on Friday.The news carried on Page 8 was titled 'CPA plans Saif Powertec tenure extension.'In the rejoinder issued on Saturday, the CPA says,...
FE Report | 2025-06-23 00:00:00
The Centre for Policy Dialogue (CPD) has described the proposed national budget for the fiscal year 2025-26 as exceptional in terms of its reduced size but observed that it lacks coherence between its stated objectives and actual allocations.Presenting its analysis...
Finance Adviser Dr Salehuddin Ahmed speaks at a post-budget press conference at the Secretariat in Dhaka on Sunday. — PID
FE Report | 2025-06-23 00:00:00
Supporters of BNP leader Ishraque Hossain said on Sunday that they will unlock the gate of Nagar Bhaban today. However, the rooms of the administrator and engineers will remain locked, they said on the 39th day of their agitation at...
FE REPORT | 2025-06-23 00:00:00
The first group of Bangladeshi nationals willing to return from Iran is expected to arrive in Dhaka next week, as the government ramps up evacuation efforts amid escalating tensions in the Middle East."The ministry is working to ensure that the...
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