OUR CORRESPONDENT | 2024-01-23 00:00:00
CHATTOGRAM, Jan 22: The newly formed committee of the Water Transport Coordination Cell restarted lightering operations across Bangladesh's inland waterways from Chattogram seaport using a new serial system on Monday.The cell, a joint body representing the Bangladesh Cargo Vessels Owners...
The Jatiya Party will be the parliamentary opposition in the 12th national parliament, according to Awami League General Secretary Obaidul Quader, reports bdnews24.com.He made the announcement at a press conference at the Awami League President's political office in Dhanmondi on...
FE REPORT | 2024-01-23 00:00:00
State minister for commerce Ahsanul Islam (Titu) has urged the European Union and the United Kingdom to support issues of the least developed countries (LDCs) in the upcoming WTO ministerial conference.He made the request during separate meetings with EU Ambassador...
Prime Minister Sheikh Hasina on Monday sounded a strong warning against illegal hoarders and market manipulators that they would face the music."If anyone hoards any goods out of ill-motive, we'll have to take instant action against them through mobile courts,...
M AZIZUR RAHMAN | 2024-01-23 00:00:00
Amid jitters over gas-electricity twin crises comes a declaration as a bellwether that Matarbari coal-fired power plant's second unit test-ran, though it still stays as a flickering ray of hope. Electricity generation from this unit of the state-owned Matarbari 1200-megawatt...
FE REPORT | 2024-01-23 00:00:00
The government on Monday rescheduled school hours at primary level as temperatures dropped further across the country with a mild cold wave sweeping in the country's northern districts.According to a decision taken on the day, all government primary schools will...
DOULOT AKTER MALA | 2024-01-23 00:00:00
A brigade of tax agents is about to be fielded across Bangladesh for revenue boost, after recurrent target failures, but lawyers who help taxpayers through cumbersome submission procedures cross swords with the authority. Sources said taxmen and tax practitioners are...
MUNIMA SULTANA | 2024-01-23 00:00:00
Despite its increasing popularity, the much-anticipated Dhaka Metro Rail is facing early challenges.While primarily catering to passengers transitioning from public transport, it has encountered technical glitches in train operation and ticketing system, and overcrowding since its launch.Morning commuters across stations...
JUBAIR HASAN | 2024-01-23 00:00:00
Corporate borrowing from foreign lenders to meet funding needs slides, with the short-term debts having dropped to US$11.97 billion in November, in what economists see as signs of economic slowdown.Sources have said the outstanding balance of private sector's short-term external...
SHANGHAI/BEIJING, Jan 22 (Reuters): China's major state-owned banks moved to support the yuan on Monday, tightening liquidity in the offshore foreign exchange market while actively selling US dollars onshore as equities slid, four sources with knowledge of the matter said.The...
SEOUL, Jan 22 (Reuters): South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday.The comments by vice chairman of the Financial Services Commission (FSC), Kim So-young, came...
NEW YORK, Jan 22 (Reuters): Macy's said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management's $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation.Like other legacy department store...
FRANKFURT, Jan 22 (Reuters): Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that have forced some companies to curb production.Crucial Asian...
The 16th Shariah Supervisory Board meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held on January 21 under the chairmanship of Dr Syed Muhammed Emdad Uddin. The board, comprising Maulana Sayed Kamaluddin Abdullah Zafree,...
Responding to strong customer interest, ACI Motors, the sole distributor of Yamaha motorcycles in Bangladesh, handed over much-anticipated Yamaha FZ-X motorcycles of a new colour variant to hundreds of customers at the BG Press ground in Dhaka on Sunday. Subrata...
A delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on Railways Minister Md Zillul Hakim at his ministry on Monday. SCB Senior Vice Chairman Md. Ariful Ahsan and Directors Syed...
Mutual Trust Bank (MTB) and r ventures have joined forces in a strategic collaboration that allows MTB account holders to purchase bus and launch tickets via the MTB Smart Banking app directly from bdtickets, r ventures' digital ticketing platform. The...
During this winter, customers can avail themselves of up to a 12 per cent discount on selected items, including refrigerators, washing machines, geysers, room heaters, tablets, routers, laptops, and air conditioners on Walton's e-commerce platform when making payments through bKash,...
OUR CORRESPONDENT | 2024-01-23 00:00:00
CHATTOGRAM, Jan 22: Chittagong Chamber of Commerce and Industry (CCCI) senior vice-president Tarafdar Ruhul Amin has been elected as chairman of the Port and Shipping Standing Committee of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI).He will serve...
Prime Minister Sheikh Hasina visits the mega stall of Walton after inaugurating the month-long 28th Dhaka International Trade Fair (DITF)-2024 at Bangabandhu Bangladesh-China Friendship Exhibition Centre in Purbachal New Town on the outskirts of the capital on Sunday.
FE Report | 2024-01-23 00:00:00
The minimum wage board for the cotton textile industry is scheduled to hold its first meeting at its office in the city today (Tuesday) to review minimum wages for the workers of the sector, sources said.Earlier on January 15, the...
InterContinental Dhaka has signed a Memorandum of Understanding (MoU) with Smart Bangladesh Network (SBN) recently. Under the MoU, they will collaborate to achieve a common goal and focus on sustainability projects and initiatives that support sustainable hospitality in Bangladesh, says...
FE REPORT | 2024-01-23 00:00:00
Walton Hi-Tech Industries posted a remarkable 130 per cent year-on-year growth in profit to Tk 1.38 billion in the second quarter through December of FY24, as the devaluation of the taka against the dollar slowed down.In the six months to...
FE REPORT | 2024-01-23 00:00:00
The stock market regulator has finally decided to impose a 2 per cent penalty per month for failure to transfer unpaid or undistributed or unclaimed cash dividends to the Capital Market Stabilisation Fund (CMSF), effective from March 1 this year.Any...
FE REPORT | 2024-01-23 00:00:00
Monday's turnover on the Dhaka Stock Exchange (DSE) crossed Tk 10 billion for the first time in six months in the second trading session after the floor price removal. Turnover, a crucial indicator of the market, was recorded at Tk...
FE REPORT | 2024-01-23 00:00:00
The securities regulator has lifted the floor price of 23 more companies, encouraged by market recovery in the second trading session without the price restriction. The stock market saw a significant increase in investor participation driving the turnover up to...
PARIS, Jan 22 (Reuters): French gaming company La Francaise des Jeux, opens new tab launched a takeover offer to buy Swedish online peer Kindred Group, opens new tab on Monday in a deal it said would create the second-biggest operator...
BERLIN, Jan 22 (Reuters): German train drivers are set to stage a record six-day strike from Wednesday after their union rejected state-owned rail operator Deutsche Bahn's latest wage offer.The GDL union announced on Monday that a fourth round of strikes...
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