Consumers crowd a Walton showroom in Dhaka ahead of Eid-ul-Azha, as demand for freezers surges. With Eid-ul-Azha drawing nearer, consumers are flocking to electronics and home appliance outlets to purchase freezers and Walton tops the list of their preferred brands....
The 39th meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Tuesday. Chairman of the Board of the Directors Md. Fariduddin Ahmed presided over the meeting....
Community Bank Bangladesh PLC hosted a 'Risk Summit 2025' at its Head Office in Dhaka recently. The summit discussed the overall situation of the bank's portfolio, the current status of risky loans portfolio, the imminent threat of risky loans, provision...
City Bank, in collaboration with Chinese Enterprises Association in Bangladesh (CEAB), recently hosted a high-level business networking event in honour of the visiting business delegation comprising of over 100 Chinese investors and businessmen. This visit was aimed at exploring new...
United Commercial Bank (UCB) signed a memorandum of understanding (MoU) with Planten Agro Ltd., an agri-tech startup, to establish a strategic partnership aimed at promoting sustainable agricultural sector development. The agreement was signed by Nabil Mustafizur Rahman, additional managing director...
Bank Asia, the pioneer of agent banking in Bangladesh, recently achieved a milestone of Tk 60 billion deposit through its agent banking channel. Chairman Romo Rouf Chowdhury, Vice Chairman Zakia Rouf Chowdhury, along with other board members and senior management...
As the World Environment Day 2025 approaches, Berger Paints Bangladesh is highlighting its strong commitment to environmental care. A key part of this commitment is its innovative product, Berger Eco Coat, groundbreaking as South Asia's first air-purifying paint, says a...
The government has approved separate proposals for procuring some 30,000 tonnes (MTs) of rock phosphate and 70,000 MTs of MOP fertiliser to meet the growing demands of the country, reports BSS.The approvals came from the 22nd meeting of the Advisers...
The LPG Operators Association of Bangladesh (LOAB) has strongly opposed the government's proposal to increase Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) cylinders from 7.5 per cent to 10 per cent.They warned that the move could severely destabilise...
BRAC Bank has launched Visa ARQ Express International Debit Card, a pioneering solution designed to assist corporate and institutional clients in Bangladesh, to conduct secure and seamless international transactions.This initiative, in partnership with Visa, the global leader in payments, aligns...
FE REPORT | 2025-06-05 00:00:00
An association of retail investors has demanded that undeclared income be allowed for investment in stocks to save the moribund equity market. The market index tumbled to a five-year low while market capitalisation has been reduced by around Tk 1.2...
FE REPORT | 2025-06-05 00:00:00
The securities regulator has formed a four-member body to probe whether five companies, including three from Beximco Group, are compliant to protect the interest of investors and the capital market. The companies are BEXIMCO, Beximco Pharmaceuticals, Shinepukur Ceramics, Ratanpur Steel...
BEIJING, June 4 (AFP): Chinese factory activity hit a more than two-year low in May, a closely watched survey showed Tuesday.The Caixin Purchasing Managers' Index fell to 48.3 in May, well below the 50-point threshold separating expansion from contraction.The figure...
Pubali Bank PLC and Advanced Chemical Industries (ACI) PLC & ACI Logistics Limited (Shwapno) signed an agreement whereby ACI employees will enjoy advanced banking facility of Pubali Bank from their office premises without visiting any branches of the bank. Also,...
Prime Bank PLC, one of Bangladesh's leading second-generation commercial banks, has recently signed a strategic agreement with Incredible Pvt. Ltd. at Prime Bank's corporate office in Dhaka recently. As part of this agreement, Prime Bank customers will be entitled to...
Trust Bank PLC has signed an agreement with Visa to introduce 'Visa Direct for Account'. This collaboration is set to elevate Trust Bank's cross-border payment solutions. Ahsan Zaman Chowdhury, Managing Director & CEO of Trust Bank; and Sabbir Ahmed, Country...
Guardian Life Insurance Limited (GLIL) reported a 34 per cent increase in the insurance claims settlement in the first quarter of 2025, compared to the same period of the previous year. In this quarter, the insurance service provider settled claims...
FE REPORT | 2025-06-05 00:00:00
Eastern Bank PLC (EBL) has marked the World Environment Day 2025 with a week-long series of initiatives under the theme "True Transformation Starts from Within," says a statement. A key highlight of the celebration is the In-House Culture Development Session,...
A K M Sazzad Hossain has been appointed as the Deputy Managing Director of Grameen Bank.Previously, he served as a Director at the non-governmental organisation, ASA. In addition, he held leadership positions in various programs under BRAC and BRAC International's...
FE REPORT | 2025-06-05 00:00:00
The government has released Tk 2.5 billion in cash incentives for the country's exporters, marking the fourth and final installment of the export subsidy allocated for the current fiscal year (FY 2024-25).The Finance Division under the Ministry of Finance issued...
Although Bangladesh Bank has released newly designed Tk 20, Tk 50, and Tk 1,000 notes ahead of Eid, scheduled banks are unable to supply them, while they are being sold at inflated prices on the open market.A visit to Motijheel...
SAIF UDDIN | 2025-06-05 00:00:00
Several fiscal measures outlined in the proposed national budget for FY 2025-26 could severely impact the country's real estate and construction sector, which is already grappling with rising costs and declining demand, industry insiders have warned.As per the proposed budget,...
MOSCOW, June 4 (Reuters): Russia's oil and gas revenue fell by 35 per cent year-on-year in May to 512.7 billion roubles ($6.55 billion), data from the finance ministry showed on Wednesday, as weakening oil prices and sanctions weighed on the...
BERLIN/FRANKFURT, June 4 (Reuters): Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China's restrictions on critical mineral exports deepen.China's decision in April...
Gold prices held steady on Wednesday as stronger US jobs data countered safe-haven demand driven by simmering trade tensions between the US and China, reports Reuters.Spot gold was steady at $3,349.19 an ounce, as of 1145 GMT. US gold futures...
LONDON, June 4 (Reuters): Oil prices held steady on Wednesday amid global trade tensions and as ongoing OPEC+ output increases were offset by a hit to Canadian supply from wildfires.Brent crude futures inched 2 cents lower to $65.61 a barrel...
MECCA, , June 4 (AFP): Working day and night in front of maps, screens and seemingly endless data, Saudi officials have harnessed artificial intelligence to help manage the million-strong sea of pilgrims during the hajj.The technology has proven pivotal to...
The Anti-Corruption Commission (ACC) has prosecuted former Nagad managing director Tanvir Ahmed Mishuk and eight other top officials for allegedly embezzling Tk 6.45 billion over a period of nearly four years, reports bdnews24.com.
FE REPORT | 2025-06-05 00:00:00
As Eid-ul-Azha approaches, a familiar rhythm has returned to the capital - trains humming out of the city, buses packed to the brim, and launches leaving Dhaka's shores under a dusky sky. On Wednesday, thousands of people began their long-awaited...
Reports indicating that the interim government had revoked the "freedom fighter" status of Bangabandhu Sheikh Mujibur Rahman, the four national leaders, and other members of the administration that coordinated the 1971 war effort, popularly known as Mujibnagar government, are wide...
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