MUMBAI, Aug 28 (Reuters): Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite,...
WASHINGTON, Aug 28 (Reuters): The interest rate for the most popular US home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing costs next month to...
RIYADH, Aug 28 (Arab News): Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. Fitch Ratings, in its latest report, expects...
In response to the current devastating floods impacting the agricultural community, Syngenta Bangladesh has donated rice seeds to support affected farmers in collaboration with the Department of Agricultural Extension (DAE) on Wednesday. Syngenta officials formally handed over the seeds to...
NRBC Bank has provided relief assistance to 10,000 flood-affected families in Feni, Lakshmipur, Comilla, and Noakhali. Mineral Water, medicine, dry food, candles, gas lighters, and cash have been provided as assistance. On behalf of NRBC Bank, Director and Chairman of...
SAN FRANCISCO, Aug 28 (Reuters): Venture capitalists pledging support for Kamala Harris' White House campaign listed priorities in a survey released on Wednesday that include women's reproductive rights, climate change and a friendlier stance toward startups.Of about 800 venture capitalists...
Housewife Taslima Akhter is a resident at the house of Nurul Haque Majhi under Gopal Union of Feni's Chhagalnaiya Upazila. Water started entering the home on August 22.Within a few hours, the water rose above four feet. Taslima took her...
DC Industry (Bangla-desh), a Chinese company, will invest US$ 5.36 million to set up a "Bag & Wallet" manufacturing plant in BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram, reports BSS.This foreign-owned company will produce 2.5 million pcs of handbags,...
Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest US lender, reports Reuters.Berkshire has...
Pubali Bank 2nd Business Conference-2024 of operation managers', sub-branch managers', and islamic banking window managers' of Bogura region was held recently. Mohammad Ali, managing director and chief executive officer of the bank, was present as the chief guest at the...
National Credit and Commerce (NCC) Bank on Wednesday donated Tk 20 million to the chief adviser's relief fund for the flood-affected people of Bangladesh as a part of its Corporate Social Responsibility. Md. Monirul Alam, a deputy managing director, and...
Southeast Bank donated Tk 20 million to the 'Chief Adviser's Relief and Welfare Fund' for relief and rehabilitation of flood victims. Also, from the bank's CSR fund, various food items worth Tk 10 million were distributed to the flood victims...
FE REPORT | 2024-08-29 00:00:00
An ill attempt by Hami Industries to upgrade its status by disbursing nominal dividends has been foiled. The statutory auditor found that the interim dividends declared and disbursed by Hami Industries were not supported by quarterly profits. The company experienced...
FE REPORT | 2024-08-29 00:00:00
The loss of Sonali Paper & Board Mills escalated by 4.8 times year-on-year to Tk 118 million in January-March this year, thanks to unrealised losses from stock market investments.As a result, the company reported a loss of Tk 3.6 per...
FE REPORT | 2024-08-29 00:00:00
The securities regulator on Wednesday removed all price restrictions from all but two stocks -- Beximco and Islami Bank Bangladesh.It changed the lower circuit breaker back to 10 per cent from 3 per cent, allowing correction of all stocks up...
NEW YORK, Aug 28 (Reuters): US corporations are turning to foreign exchange options again to protect their cash flow as they fear the US presidential election and diverging central bank interest-rate policies could spark a period of currency volatility, bankers...
WASHINGTON, Aug 28 (Reuters): New orders for key US-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that extended into the early part...
BERLIN, Aug 28 (AFP): UK Prime Minister Keir Starmer meets with German Chancellor Olaf Scholz in Berlin on Wednesday to discuss a new partnership between the countries, on his first bilateral trip since taking office last month.The British leader, who...
BENGALURU, Aug 28 (Reuters): Gold demand in China is expected to improve in coming months as consumers adjust to higher prices, industry officials said, with economic uncertainty and concerns about currency weakness driving investment flows.A revival of demand in the...
Special Asset Management Division in association with National Bank Training Institute (NBTI) of National Bank Limited jointly organised a daylong workshop on 'NPL management & legal measures' at NBTI on Wednesday. A total of 37 personnel from different branches and...
Standard Bank PLC organised a Business Review Meeting at the bank's Learning Centre, Head Office, Dhaka, recently with the participation of Heads of all branches and Heads & Senior Executives of all departments of the Head Office. Mohammad Mohon Miah,...
Bangladesh Jewellers Association held a press conference at its office in the city on Wednesday with a call for steps to protect the jewellery industry. — Focus Bangla
FE REPORT | 2024-08-29 00:00:00
Sim Fabrics Limited is set to invest $17 million in Jamalpur Economic Zone (JEZ) to establish a denim manufacturing plant.The proposed industrial unit to be set up on 5.0 acres of land is expected to generate over 250 employments.To this...
FE REPORT | 2024-08-29 00:00:00
All high-tech and software technology parks as well as their affiliated ICT facilities across the country will be named after their respective districts and locations shedding the present titles.The Information and Communications Technology (ICT) Division of the government made the...
ICC Bangladesh President Mahbubur Rahman (7th from right) along with ICCB Executive Board Members and Country Heads of top three global apparel buyers held a meeting with Commerce and Finance Adviser Dr. Salehuddin Ahmed (7th from left) at his office...
FE REPORT | 2024-08-29 00:00:00
The apparel apex body, BGMEA, has warned some of its member factories that are vulnerable to labour unrest to pay wages on time to prevent any untoward incidents in this current situation.Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the...
Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Thursday), according to the Met Office.Day temperature may...
Today (Thursday) is the 24th death anniversary of industrialist Rasel Bhuiyan, says a press release.Marking the day, Rupganj's Rasel Park and local orphanage arranged Quaran Khwani and milad mahfil in Rupgonj, Narayangonj.Family members of Late Rasel Bhuiyan have requested all...
Home Adviser Lt General (retd) M Jahangir Alam Chowdhury on Wednesday sought cooperation from the United Kingdom (UK) for police reform as the government has taken an initiative to make the law enforcing agency skilled, fair and people friendly, reports...
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