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...
FE REPORT | 2025-06-05 00:00:00
Calling the interim government's maiden budget conventional, the BNP on Wednesday said the proposed budget for the 2025-26 fiscal year was placed without the opinions of political parties and the people.BNP Standing Committee member Amir Khasru Mahmud Chowdhury said this...
FE REPORT | 2025-06-05 00:00:00
Chartered accountants on Wednesday raised concerns that several proposed fiscal measures in the FY26 budget may lead to higher costs for businesses and reduced private-sector investment, especially amid the ongoing economic uncertainties.At a press conference held at its office in...
FE Report | 2025-06-05 00:00:00
The Foreign Investors' Chamber of Commerce and Industry (FICCI) has expressed its mixed reactions on the proposed national budget for fiscal year (FY) 2025-26.It hailed the government for its intentions towards reforms and fiscal consolidation in the proposed budget that...
SIDDIQUE ISLAM | 2025-06-05 00:00:00
On the eve of the long Eid-ul-Azha holiday, Bangladesh's inter-bank call-money market showed signs of stability, with banks successfully managing their liquidity needs, thanks in part to timely support from the central bank.The weighted average rate (WAR) of call money...
The offices of The Financial Express (FE) will remain closed on June 05-June 09 (Thursday-Monday) on the occasion of Holy Eid-ul-Azha. Therefore, there will be no issue of the FE on June 06-June 10 (Friday-Tuesday).The online section of the newspaper...
JASIM UDDIN | 2025-06-05 00:00:00
Mandatory furnishing of Proof of Submission of Return (PSR) for securing a plethora of services as a measure of boosting government revenues is being derogated for certain service deliveries to remove unwanted hurdles.The initial move to mandate PSR played a...
FE REPORT | 2025-06-05 00:00:00
The government will receive public opinion and suggestions on the proposed FY26 budget until June 19.After incorporating the acceptable opinions and suggestions, the cabinet will approve the budget on June 22, Finance Adviser Dr Salehuddin Ahmed told reporters Wednesday after...
FE REPORT | 2025-06-05 00:00:00
Speculations run high about a chance meeting between Chief Adviser Prof Muhammad Yunus and long-exiled BNP acting chairperson Tarique Rahman during the UK visit of the head of interim government. Chief Adviser Yunus is scheduled to visit the United Kingdom...
FE REPORT | 2025-06-05 00:00:00
Disappearances probe has confirmed 1,350 cases and anticipates the figure of missing to surpass 3,500-many having no hope of return, officials say. According to the second interim report of the Commission of Inquiry on Enforced Disappearances, the intelligence wing of...
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