NCC Bank has launched a Multi-Currency VISA Debit Card. Chairman of the bank Md Abul Bashar, Vice-Chairman Sohela Hossain, Chairman of the executive committee SM Abu Mohsin, Chairman of the risk management committee Md Nurun Newaz, Director Amjadul Ferdous Chowdhury,...
NEW YORK/LONDON, Feb 1 (Reuters): A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to broaden its appeal.In deals known...
Wells Fargo, an American multinational financial company, has extended balance sheet support to Eastern Bank PLC (EBL) in the form of a trade loan of $20 million, according to a press release issued on Thursday. This transaction not only marks...
FE REPORT | 2024-02-02 00:00:00
Confidence Cement is going to suspend the operation of its ready-mix concrete (RMC) plant for foreign currency crisis.In a stock exchange filing on Thursday, the company said its board of directors had decided to stop production of the RMC plant...
FE REPORT | 2024-02-02 00:00:00
IDLC Finance has received the final approval from the Bangladesh Bank (BB) for opening an Islamic financing wing to diversify its operations.Now, it will be able to run Shariah-compliant business under 'Islamic Finance Window' through all its branches, according to...
FE REPORT | 2024-02-02 00:00:00
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 falling raw materials prices in the global market.The steel maker also reaped the...
Dhaka's public transport system, the lifeline of countless lower and middle-class residents, currently operates in a dire state, causing immense daily struggle for its users. The absence of designated bus stops, haphazard route adherence, and mid-road halts create relentless traffic...
When access to an array of gadgets is easy, it highly important to ensure holistic wellness and development of the young generation through an active lifestyle.Engaging in regular physical activity is crucial for fostering wellness and an active lifestyle. Such...
Zahid Huq | 2024-02-02 00:00:00
The central bank of late is talking loudly about the impending reform of the country's banking sector, which has been long overdue. Bangladesh Bank governor Abdur Rauf Talukder during a meeting with the managing directors of banks in Dhaka on...
Nilratan Halder | 2024-02-02 00:00:00
To have a rogue state as an immediate neighbour can never be to the liking of any nation, much less when the latter has to shelter the former's 1.3 million refugees for years together. This becomes particularly challenging when the...
The recent government decision to slash cash incentive rates for over forty export products might raise concerns, especially in the context of the country's less-than-ideal export performance this year. The central bank this week announced fresh cash incentives for 43...
Midland Bank (MDB) opens four branches and sub-branchesMidland Bank (MDB) opened two branches and two sub-branches across the country on Wednesday. Md Ahsan-uz Zaman, Managing Director & CEO of the bank, simultaneously inaugurated the branches through videoconferencing from the head...
BENGAL COMMERCIAL BANK OPENS NEW SUB-BRANCH Bengal Commercial Bank opened its new Sub-Branch at Poddar Bazar in Lakshmipur on Monday. Md Jashim Uddin, Chairman of Bengal Commercial Bank and President of SAARC Chamber of Commerce & Industry (SCCI), inaugurated the...
BRAC BANK SECURES BANCASSURANCE APPROVAL BRAC Bank PLC has secured approval for Bancassurance Business from Bangladesh Bank. Mohammad Shahriar Siddiqui, Director, Banking Regulation & Policy Department, Bangladesh Bank, handed over the approval document to Syed Abdul Momen, Deputy Managing Director,...
Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Lokman Hossain Miah has laid emphasis on the government's substantial investment in Bangladesh's energy and other sectors to showcase Bangladesh as an investment-friendly destination, reports BSS.He outlined the various measures undertaken...
The 18th Dhaka International Textile and Garment Machinery Exhibition (DTG), began on Thursday at the International Convention City Bashundhara (ICCB) Dhaka, reports UNB. The expo will continue till February 4.Asia Pacific Rayon (APR), a leading global viscose staple fibre (VSF),...
DBBL HOLDS MANAGERS' CONFERENCEThe Managers' Conference-2024 of Dutch-Bangla Bank was held in Dhaka on January 27 & 28 to review the bank's overall performance for the year 2023 and discuss the business plan and strategy for achieving targets for the...
Civial Aviation and Tourism Minister Faruk Khan inaugurates the Bangladesh Travel and Tourism Fair at the Bangabandhu International Conference Centre at Agargaon in the city on Thursday — Focus Bangla
FE REPORT | 2024-02-02 00:00:00
The tax rate should be reduced and the tax net should be expanded instead, Prime Minister's adviser Salman F Rahman said, urging businesspeople to cooperate with the revenue regulator to expand the tax net further.He urged the businessmen to gradually...
State Minister for Information and Broadcasting Mohammad Ali Arafat on Thursday said the country's biggest development in the last 15 years is the massive change in people's point of view as now they can make once impossible thing possible."Bangladesh, led...
FE REPORTThe High Court has stayed the effectiveness of a gazette issued by the Election Commission declaring Jhenaidah-01 Awami League candidate Abdul Hyee as winner in the January 07 election.On Thursday, the election bench of Justice AKM Asaduzzaman granted the...
BNP leader Mirza Abbas has been shown arrested in nine cases filed against him with the Paltan and Ramna Model police stations, reports bdnews24.com.On Thursday, two metropolitan magistrates heard Abbas's application to officially record his arrest in the cases, which...
Law, Justice and Parliamentary Affairs Minister Anisul Huq on Thursday said the government is not harassing Noble Laureate Professor Dr Muhammad Yunus by filing false cases, reports UNB."The government is not doing anything to harass Dr Muhammad Yunus. No false...
FE REPORT | 2024-02-02 00:00:00
The Bangladesh Nationalist Party (BNP) would continue its movement until people's voting rights and democracy are restored in the country, said a member of the party chairperson's advisory council, Zainul Abedin Faruq on Thursday.Issuing warning to the government, Zainul Abedin...
TAHMID SHAKIBMore than three and a half years have passed since the last Dhaka University Central Students' Union (DUCSU) expired in 2020.With the university administration yet to make any concrete moves towards fresh polls, students are bracing for yet another...
Non-resident envoys of 12 countries called on Prime Minister Sheikh Hasina at Ganobhabon in the city on Thursday — Focus bangla
NOAKHALI, Feb 01 (BSS): Three lobourers died after being electrocuted in Sadar Upazila on Thursday.The deceased were identified as Shakil, 20, hailed from Wapda village in sadar Upazila, Riaz, 28, a resident in Sonapur area, and Kamrul, 30, an inhabitant...
MANIKGANJ, Feb 01 (UNB): A Manikganj court on Thursday sentenced a man to death for killing his ex-wife after hurling acid in 2022.Manikganj District and Sessions Judge Joyosree Samaddar handed down the punishment.The court also fined convict Naim Mallik, 31,...
GOALANDA, Rajbari, Feb 01 (UNB): A pall of gloom descended on a family following the tragic death of two brothers including a bridegroom in a road accident on Dhaka-Khulna highway in Goalanda upazila on Wednesday midnight.The deceased were identified as...
OUR CORRESPONDENT'Mowalis' (honey collectors) are passing busy time to collect honey from yellow mustard flowers in Pabna, Khulna and Manikganj districts as the oil plants are now in full bloom, report agencies.Our Correspondent from Pabna reports, Agriculture officers said some...
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