FE REPORT | 2024-02-02 00:00:00
Bangladesh Bank (BB) has increased the all-in-cost ceiling for short-term trade finance in foreign exchange (forex) to 4.0 per cent.The central bank in a circular issued on Thursday said the move came considering the global market trend and interest rate...
SAJIBUR RAHMAN | 2024-02-02 00:00:00
Net sales of state-sponsored savings instruments witnessed negative growth of over Tk 60.63 billion year on year, in the first six months of this fiscal as higher-paying encashment outbids investment.The substantial negative growth in net sales of national savings deposits,...
GPH Ispat on path of recovery from Q2 as raw materials get cheaper GPH Ispat returned to profit in the second quarter through December 2023 from losses in the same quarter a year before, supported by higher sales coupled with...
FHM HUMAYAN KABIR | 2024-02-02 00:00:00
Despite having two dozen ongoing projects including the Padma Bridge rail link and the Bangabandhu Bridge over the Jamuna River, the Ministry of Railways has proposed a big cut to its development allocation for the current FY2023-24 thanks to its...
DOULOT AKTER MALA | 2024-02-02 00:00:00
A much-cherished rise in Bangladesh's tax-GDP ratio gets a mild push as the annual submission of income-tax returns by individual taxpayers increased 17 per cent to 3.5 million till an extended timeline. Official statistics show the government's tax collection from...
The Bangladesh Bank has raised the benchmark interest rate for bank loans by 54 basis points, the biggest increase in seven months, reports bdnews24.com. The rate, derived from the Six-month Moving Average of the Rate of Treasury bill or SMART...
JUBAIR HASAN | 2024-02-02 00:00:00
Remittance marks a significant rebound as Bangladesh received US$2.1 billion in January and total $12.9 billion in seven months of the current fiscal, but to no respite for the country's forex reserves. The country's foreign-exchange reserves had fallen further by...
Light to moderate rain is likely to occur at a few places over Khulna, Dhaka, Barishal, Chattogram and Sylhet divisions and at one or two places over Rajshahi and Mymensingh divisions until 06:00 pm today (Friday), according to the Met...
Rohingya camp trader stabbed to death in CumillaA trader at a Rohingya refugee camp has been stabbed to death by a group of assailants in Cumilla, reports bdnews24.com.The incident occurred near the Bagur bus stop on the Dhaka-Chattagram highway in...
Ambassador of Palestine to Bangladesh, Yousef SY Ramadan, has said the recent ruling by the International Court of Justice (ICJ) gives a sense of optimism for the Palestinians to be independent after 75 years of struggle, reports UNB."It's the first...
CHATTOGRAM, Feb 01 (UNB): A female student of the University of Chittagong (CU) has reported sexual harassment by a teacher.A written complaint was lodged with the university authorities concerned of the on Wednesday, said Prof Jerin Akter, head of anti-sexual...
Home Minister Asaduzzaman Khan said move has been taken to make the Speedy Trial Act permanent but it is not to suppress any group or political party reports UNB."The enforcement of the Speedy Trial Act to maintain law and order...
Health experts at a webinar have said there is no alternative to ensuring trans-fat-free food to safeguard public health as Bangladesh ranks among the countries with the highest burden of deaths from trans-fat induced heart diseases, reports UNB.They also voiced...
Saima Wazed took charge as Regional Director for World Health Organisation South-East Asia Region for the next five years on Thursday, report agencies.She was nominated to lead the Region by Member countries of WHO South-East Asia at the Regional Committee...
FE REPORTThe United Kingdom and France have assured Bangladesh of continued cooperation in its journey towards development amid ongoing economic challenges.Finance minister Abul Hassan Mahmood Ali said this to the media as the ambassadors of the two countries met him...
Hundreds of thousands of Muslim devotees converge on the bank of the Turag River in Tongi to attend the first phase of Biswa Ijtema that begins today (Friday). The picture was snapped on Thursday — Focus Bangla
FE REPORT | 2024-02-02 00:00:00
The Anti-Corruption Commission (ACC) Thursday filed a charge-sheet against Grameen Telecom Chairman Dr Muhammad Yunus and 13 others in a case filed for embezzling Tk 252.2 million from the fund reserved for the workers.Investigation Officer of the case, Gulshan Anwar...
LAFARGEHOLCIM HOLDS TECHNICAL SEMINAR LafargeHolcim Bangladesh Ltd (LHBL) organised a technical seminar titled 'Green Architecture as Social Change Maker' in the city recently. LHBL CEO Mohammad Iqbal Chowdhury, Commercial Director Amit Agarwal, and Head of Technical Service Fakhruddin Mohammad Khan...
WASHINGTON, Feb 01 (AFP): The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts-but probably not before May at the earliest.The Fed confirmed in a statement...
On the occasion of the birthday of Sayem Sobhan Anvir, managing director (MD) of Bashundhara Group, one lakh 33 thousand orphans and madrasa students were entertained across the country on Wednesday, says a press release. The Bashundhara Group MD has...
CITIZENS BANK HOLDS ANNUAL MANAGERS' CONFERENCECitizens Bank PLC held its 'Annual Managers' Conference' at its head office in Dhaka on Tuesday. Towfika Aftab, Chairperson of the bank, was present as the chief guest while Mohammad Masoom, Managing Director & CEO,...
BKash offers discount coupon and instant cash back on purchasing books through bKash payment at the Amar Ekushey Book Fair started on Thursday. Besides, bKash would collect books from readers-writers-publishers to distribute to the libraries for underprivileged children and readers...
Social Islami Bank awardes brilliant studentsSocial Islami Bank awarded the children of the bank's employees for their brilliant results in SSC, HSC & equivalent examinations in 2022 in Khulna recently. Zafar Alam, Managing Director & CEO of the bank, was...
In efforts to ensure a successful and prosperous future for students, Universal College Bangladesh (UCB) of the STS Group has signed a Memorandum of Understanding (MoU) with Berger Paints Bangladesh Limited.The MoU was signed at the Berger House in the...
Bangladeshi company CartonCraft Limited is going to invest US$ 2.51 million to set up a Packaging and Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ), reports BSS.Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to...
PUBALI BANK OPENS BANKING BOOTH AT AUSTPubali Bank PLC has inaugurated a banking booth on the campus of Ahsanullah University of Science and Technology (AUST) for expansion of Bangla QR under the 'Cashless Bangladesh' initiative of Bangladesh Bank. AUST Vice...
Standard Chartered Bangladesh has convened a panel of judges to boost innovation across its agricultural research, said a press release. By forming a jury board, the bank is leveraging specialist opinions from across different fields of agriculture in an attempt...
FE REPORT South Korea expressed on Thursday its interest in collaborating with Bangladesh to facilitate the production of its domestically branded automobiles.Park Young-sik, the South Korean Ambassador in Dhaka, conveyed this enthusiasm during a meeting with Industries Minister Nurul Majid...
Tesla, opens new tab will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, CEO Elon Musk said on Thursday, days after a judge invalidated his $56 billion pay package at the electric vehicle (EV)...
Dhaka Bank held a school banking campaign at Motijheel Government Boys' High School in Dhaka recently to encourage the habit of savings from an early age. The bank's Managing Director and CEO Emranul Huq joined it as the chief guest,...
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