WASHINGTON, Jan 21 (Reuters): Four US banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.After more than a year of...
A delegation of the Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on Housing and Public Works Minister RAM Obaidul Muktadir Chowdhury at his ministry recently. SCB Senior Vice Chairman Md Ariful...
Bangladesh Krishi Bank (BKB) held a review meeting with the Branch Managers in its Tangail Chief Region (North and South) at the BURO Bangladesh Auditorium in Madhupur on Saturday. Managing Director of the bank Md Shawkat Ali Khan was present...
A three-day workshop on 'Operation of Islamic Banking' organised by Agrani Bank Training Institute (ABTI) began on Sunday. CEO and Managing Director of Agrani Bank Md Murshedul Kabir inaugurated the workshop while Director of ABTI and Deputy General Manager Md...
A meeting of the Ethics Committee of Janata Bank PLC was held at its head office in the city recently. MD & CEO of the bank Md Abdul Jabbar presided over the meeting. CFO Md Nurul Alam (DMD), among others,...
Bangladesh Rural Electrification Board (BREB) Chairman Ajay Kumar Chakraborty laid a foundation stone of Electric Vehicle Charging Station at Sonargaon in Narayanganj on Saturday.
State-owned Investment Corporation of Bangladesh (ICB) on Friday distributed blankets among the poor in Chattogram's Raujan upazila. ICB Board of Directors Chairman Prof Dr Suborna Barua inaugurated the programme at Sukumar Ashutosh Auditorium of West Binajuri High School. Sukumar Barua,...
IFIC Bank hosted a ceremony at its headquarters IFIC Tower on Saturday to commend the exceptional academic achievements of its employees' children in SSC, HSC, O-level and A-level examinations. The bank's Managing Director and CEO Shah A Sarwar was present...
In a move to improve access to finance for agro-machinery dealers, Prime Bank and Abedin Equipment Ltd signed an agreement at the bank's head office recently. The agreement allows Abedin Equipment dealers to avail of mortgage-free overdraft loans of up...
BRAC Bank celebrated the achievements of its top-performing female officials in the distribution network at a recent ceremony titled 'Women Warriors: Conquering the Financial Frontier', said a press release. Meheriar M. Hasan, chairperson, and Selim R.F. Hussain, managing director and...
FARHAN FARDAUS | 2024-01-22 00:00:00
While most stocks experienced corrections on Sunday, as expected after the removal of floor price, the performance of some stocks stood out in signs that the market will soon get back to its natural course. Immediately after the closing of...
BABUL BARMAN | 2024-01-22 00:00:00
The broad index of the Dhaka Stock Exchange (DSE) saw 214 points wiped out in just five minutes as the market opened on Sunday. Though it regained from that level, it settled at 96.50 points, or 1.52 per cent, down...
FE REPORT | 2024-01-22 00:00:00
The grand finale of 8th Global Student Entrepreneurship Award (GSEA) of Bangladesh Chapter contest for the session of 2023-24 of the Entrepreneurs Organization (EO) was held on Saturday at Lakeshore Hotel in Gulshan, Dhaka. GSEA aims to create a platform...
The tests for admission to 24 public universities under a cluster-based system will begin on Mar 8 and continue until Apr 27, reports bdnews24.com. The candidates will be able to apply online from Jan 29-Feb 15 for the tests to...
FE REPORT | 2024-01-22 00:00:00
Land Minister Narayon Chandra Chanda announced on Sunday that the Plot-to-Plot Bangladesh Digital Survey (BDS) map would begin in February. The BDS programme is gaining momentum in the country, according to the minister. He made these remarks while inaugurating the...
SAIF UDDIN | 2024-01-22 00:00:00
Concrete block manufacturing in the country has been witnessing a significant growth in the last several years, thanks to the cost-effectiveness of the environmentally friendly construction material, insiders have said.Besides, the government has also a specific goal to gradually phase...
Ticket-seeking commuters seen packed like sardines in the MRT-6 station at Motijheel after office hours on Sunday, the first weekday following extension of the operating hours of MRT service. — FE photo
Finance Minister Abul Hassan Mahmood Ali on Sunday said that the release of Chinese funds for Bangladesh's development projects will be easier than before.He was talking to reporters after a meeting with the Chinese ambassador in Dhaka Yao Wen, at...
FE REPORT | 2024-01-22 00:00:00
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has hoped that the countrywide natural gas crisis will ease in a day or two.Urging the consumers to be patient, he said, "The gas problem was severe, but it has...
Sajeeb Ahmed Wazed has been re-appointed Information and Communication Technology (ICT) Adviser (without salary) to the Prime Minister."A gazette notification signed by Director General (Administration) of Prime Minister's Office Mohd Ahsan Kibria Siddiqui was issued today (Sunday) in this regard,"...
REZAUL KARIM | 2024-01-22 00:00:00
With the ongoing Boro-planting season approaching to its peak, farmers face a looming uncertainty: a potential shortage of urea due to the ongoing dollar crisis, according to Bangladesh Chemical Industries Corporation (BCIC). The state-run chemical agency has warned of dire...
Bangladesh reported one more COVID-19-linked death and 34 fresh cases in 24 hours till Sunday morning, reports UNB.With the new numbers, the country's total fatalities rose to 29,480 and caseload to 2,046,758, according to the DGHS.The daily case test positivity...
FE REPORT | 2024-01-22 00:00:00
The government Sunday forewarned punitive actions against price fixing, including cancellation of licence of businesses, "if necessary", as ministers brainstormed about three remedies for stemming skyrocketing commodity prices.A high-profile meeting at the finance ministry, presided over by finance minister Abul...
MONIRA MUNNI | 2024-01-22 00:00:00
Apparel shipments to the UK showed an exception with a double-digit growth amid a downturn in other major traditional markets, like the European Union, the United States and Canada, in the first half of this fiscal. Bangladesh earned US$2.71 billion...
FE REPORT | 2024-01-22 00:00:00
A high-profile meeting of the Public Private Partnership (PPP) Authority on Sunday tackled dragging-on issues plaguing various ongoing projects, according to sources. After a six-month pause, secretary-level members of the PPP project review committee sat at the PPP Authority office...
FE REPORT | 2024-01-22 00:00:00
The interbank call money rate hit its new high at 9.43 per cent on Sunday, indicating a persistent liquidity problem on the money market.The highest bid for the overnight borrowing rate on the day stood at 10 per cent and...
JUBAIR HASAN | 2024-01-22 00:00:00
Banks seem back in dire liquidity dearth as excess cash after maintaining CRR (cash reserve ratio) compliance squeezed under a highly contractionary monetary regime, officials and bankers say.Surplus credits available in the banks' vaults, the volume of excess liquidity which...
Prime Minister Sheikh Hasina said on Sunday her government will shift its diplomatic focus from politics to economy, report agencies. She made this announcement while inaugurating the month-long 28th Dhaka International Trade Fair (DITF)-2024 at the Bangabandhu Bangladesh-China Friendship Exhibition...
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