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Webinar on Japan's role in social dev of SA nations

FE REPORT | 2024-01-26 00:00:00

The Pan-Asia Research Institute (PARI), a Japan-based global think tank, has hosted a webinar on Japan's contributions to the social development of the South Asian nations.The event styled 'Japan's Contributions to the Social Development of the South Asian Nations with...

BioPharma gets new MD

2024-01-26 00:00:00

One of Bangladesh pharmaceuticals industry pioneers, Dr Lokiat Ullah, has been picked as Managing Director of Bio Pharma and Bio Group, one of the top and export-oriented multinational pharmaceutical companies in the country. The company board meeting nominated him for...

BB promotes ED Abul Bashar to Grade-1 officer

FE REPORT | 2024-01-26 00:00:00

Executive Director of Bangladesh Bank (BB) Md. Abul Bashar has been promoted to Grade-1 officer, according to a notice issued by the central bank recently.After joining the BB as an assistant director in early 1993, he has successfully discharged duties...

BAPLC team meets BSEC chairman -

2024-01-26 00:00:00

A delegation of the Bangladesh Association of Publicly Listed companies (BAPLC), led by its newly elected President Rupali Haque Chowdhury, paid a courtesy call on Chairman of Bangladesh Securities and Exchange Commission (BSEC) Prof Shibli Rubayat-Ul-Islam at the Securities Exchange...

SC orders revival of hiring process for 86 positions

2024-01-26 00:00:00

The apex court has ordered the resumption of the recruitment process for 86 positions at the Barapukuria Coal Mine, which had been halted around 15 years ago, reports bdnews24.com.The directive was issued on Thursday by a five-judge appellate bench led...

Bruised by stock market, Chinese rush into banned bitcoin

2024-01-26 00:00:00

SHANGHAI/HONG KONG, Jan 25 (Reuters): Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.Crypto trading and...

MoU signed between Midland Bank and Rasel & Jewel Corporation

2024-01-26 00:00:00

A memorandum of understanding has been signed between Midland Bank and Rasel & Jewel Corporation at the bank's Agrabad Branch in Chattogram recently. Mohammed Abu Hena, head of Unit-1, Institutional Banking Division, Chittagong of Midland Bank, and Golam Rasul, proprietor...

EBL, icddr,b partner for sutainable healthcare waste management

FE DESK | 2024-01-26 00:00:00

To establish a state-of-the-art solid biohazardous waste treatment facility, Eastern Bank (EBL) and icddr,b signed a memorandum of understanding at EBL's head office in the capital on Wednesday, according to a statement.Ziaul Karim, head of Communications and External Affairs at...

DSEX sinks to 18-month-low as major stocks bleed

FE REPORT | 2024-01-26 00:00:00

The Dhaka bourse witnessed yet another big fall on Thursday, with the key index sinking below 6,200-mark, as large-cap shares kept bleeding.Stocks, such as Beacon Pharma, Beximco Pharma, Square Pharma, City Bank, and Bangladesh Submarine Cable saw major corrections.These five...

Touhidul Alam Khan new National Bank MD

FE DESK | 2024-01-26 00:00:00

Md Touhidul Alam Khan has joined National Bank Limited as the managing director and CEO with effect from Thursday, according to a press release of the bank. He joins from The Premier Bank, where he previously held the position of...

Runner returns to profit, riding on sales of three wheelers

FE REPORT | 2024-01-26 00:00:00

Runner Automobiles returned to profit in October-December (Q2), FY24 after losses in five consecutive quarters.It could rebound as sales of its three wheelers jumped.The company has experienced a consolidated profit of Tk 6.45 million for Q2, FY24 against a loss...

Berger Paints to issue 1:1 rights share to general shareholders

FE REPORT | 2024-01-26 00:00:00

Berger Paints plans to raise Tk 3.75 billion by issuing rights shares at Tk 1,376 each to its employees and general shareholders; the target is to increase its free float to 10 per cent of its outstanding shares. More than...

Britons warned of 14-hour delays under EU IT system

2024-01-26 00:00:00

LONDON, Jan 25 (AFP): Britons travelling to France were warned on Thursday they could face 14-hour delays at a port under a computerised border scheme proposed by the European Union.All visitors entering the EU-with visas or visa waivers-will soon find...

Turkey’s central bank lifts key rate to 45pc

2024-01-26 00:00:00

ISTANBUL, Jan 25 (AFP): Turkey's central bank on Thursday delivered what it said was the final interest rate hike of a historic tightening cycle that more than quintupled borrowing costs to fight record inflation.The bank lifted its policy rate to...

India’s private banks hold on to loan growth target

2024-01-26 00:00:00

MUMBAI, Jan 25 (Reuters): Indian private banks expect growth in loans to sustain in the "high teens" over the next fiscal year despite a struggle to raise deposits and tougher capital requirements imposed by the central bank.In November, the Reserve...

ECB keeps rates unchanged at record high

2024-01-26 00:00:00

FRANKFURT, Jan 25 (Reuters): The European Central Bank (ECB) kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are starting to contemplate policy easing.The...

Banks awarded as highest taxpayers -

2024-01-26 00:00:00

Lloyds to cut around 1,600 branch jobs in digital switch

2024-01-26 00:00:00

LONDON, Jan 25 (Reuters): Britain's biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a spokesperson for the lender said on Thursday, as part of an overhaul to provide more services online.The cuts are part of...

Mega offer for Islami Bank clients on medical services

2024-01-26 00:00:00

Islami Bank Foundation has recently announced mega offer for the Debit Card, Khidmah Credit Card and Cellfin users of Islami Bank Bangladesh PLC on medical services and lab tests at the Islami Bank Hospital & Cardiac Centre at Mirpur and...

UNION BANK HOLDS ANNUAL BUSINESS CONFERENCE

2024-01-26 00:00:00

The Annual Business Conference 2024 of Union Bank PLC was held in Dhaka on Thursday. Managing Director & CEO of the bank ABM Mokammel Hoque Chowdhury presided over the conference while Chairman of the bank Prof Dr Md Salim Uddin...

Miniso Bangladesh wins award

FE REPORT | 2024-01-26 00:00:00

Miniso Bangladesh has achieved an award at Miniso Global Conference held at the Intercontinental Exhibition Center in Guangzhou of China.Miniso organised the highly-esteemed global conference with participation of more than 100 countries and 3,000 people to celebrate one decade of...

Int'l Customs Day today

2024-01-26 00:00:00

The International Customs Day 2024 will be observed in the country today (Friday) as elsewhere in the world with the theme "Customs Engaging Traditional and New Partners with Purpose", reports BSS.Marking the day, the National Board of Revenue (NBR) will...

USAID eyes greater engagement with private sector

FE REPORT | 2024-01-26 00:00:00

USAID Bangladesh is eager to increase its engagement with the private sector to contribute to the country's growth and investment, according to USAID Mission Director Reed J Aeschliman.At a luncheon meeting hosted by the American Chamber of Commerce in Bangladesh...

EasyJet sees strong summer despite ME instability

2024-01-26 00:00:00

LONDON, Jan 25 (Reuters): British airline easyJet on Wednesday forecast a smaller first-half loss and strong summer bookings, boosting its shares despite a writedown of about 40 million pounds ($51 million) due to the conflict in the Middle East.The low-cost...

Oil rises on US crude stock fall, Red Sea attack

2024-01-26 00:00:00

LONDON, Jan 25 (Reuters): Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen's coast underscored the peril facing trade in a...

French farmers block roads, dump produce in protest against cheap imports

2024-01-26 00:00:00

AGEN, France, Jan 25 (Reuters): Farmers blocked highways across France and dumped crates of foreign-grown vegetables on Thursday as they pressed the government to protect them from cheap imports, rising costs and red tape.Farmers said the protests, now in their...

Real Madrid take top spot in football's 'Money League'

2024-01-26 00:00:00

LONDON, Jan 25 (AFP): Real Madrid have climbed to the top of football's 'Money League' as the Spanish side surpassed Manchester City to become the highest revenue-generating club in 2022-23.For the first time since 2017-18, Real are in pole position...

Shoaib Malik's BPL campaign abruptly ends

2024-01-26 00:00:00

Pakistan's star all-rounder, Shoaib Malik, will no longer be part of the remaining matches in the ongoing Bangladesh Premier League (BPL) season, as confirmed by his team, Fortune Barishal, reports UNB.Following Barishal's last match in the initial Dhaka phase of...

Jaiswal leads India's reply after attacking 70 from Stokes

2024-01-26 00:00:00

HYDERABAD, Jan 25 (AFP): Opener Yashasvi Jaiswal led India's charging reply to England's 246, which had been driven by captain Ben Stokes's half-century on an all-attacking opening day of the first Test on Thursday.The hosts were 119-1 at stumps in...

Brigadier General Mohammad Ashrafuzzaman Siddiqui speaking at a press conference

2024-01-26 00:00:00

Brigadier General Mohammad Ashrafuzzaman Siddiqui speaking at a press conference at Dhaka Regency Hotel in the city on Thursday on the occasion of Bangabandhu Sheikh Mujib Dhaka Marathon 2024 that begins today (Friday) — ISPR