KUALA LUMPUR, Jan 17 (Reuters): Malaysia will review bilateral agreements with 15 nations from which it sources labourers in a bid to address exploitative practices and manpower imbalances that have left thousands of migrant workers stranded without jobs, officials said.Since...
FE REPORT | 2024-01-18 00:00:00
BNP Secretary-General Mirza Fakhrul Islam Alamgir and its Standing Committee Member Amir Khasru Mahmud Chowdhury were granted bail on Wednesday in two cases filed with the Paltan Model Police Station over the political violence during the party's grand rally in...
Bangladesh is willing to buy more electricity from Nepal as the two countries work on finalising the 40 MW power deal, Bangladesh Ambassador to Nepal Salahuddin Noman Chowdhury said on Tuesday, according to a report by the Kathmandu Post in...
SINGAPORE, Jan 17 (Reuters): Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 million tonnes of liquefied natural gas (LNG) per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman, Aziz Khan, told Reuters.The...
FE REPORT | 2024-01-18 00:00:00
The government has warned mill owners and traders of rice imports if they fail to bring down prices that have soared recently by Tk 5-6 per kg nationwide. Food Minister Sadhan Chandra Majumder issued the warning on Wednesday. During a...
FE REPORT | 2024-01-18 00:00:00
The recently concluded 12th parliamentary election was a one-sided event as the voting was not free and participatory, according to the Transparency International Bangladesh (TIB).Terming such a plotted election an ominous signal for the country's democracy and democratic election in...
FE REPORT | 2024-01-18 00:00:00
A US company has discovered a huge energy reserve in the Bay of Bengal, Foreign Minister Hasan Mahmud said on Wednesday following separate meetings with envoys Peter Haas of the US and Charles Whiteley of the European Union (EU).Extracting this...
FE REPORT | 2024-01-18 00:00:00
The central bank has instructed the banks concerned to keep LC (letter of credit) margin at a lower level under bank-client relation for import of eight essential items including edible oil, onion, gram, sugar and date to help ease their...
FE REPORT | 2024-01-18 00:00:00
A ferry sank with nine trucks on board in the Padma river at Paturia ferry terminal point under Manikganj district on Wednesday morning.The ferry, Rajanigandha, was anchored at jetty number 05 near the terminal due to dense fog, it was...
FE REPORT | 2024-01-18 00:00:00
Graft tops the stumbling roadblocks to doing business in Bangladesh while "inefficient" bureaucracy and forex instability stand next in the way, a joint survey by CPD and a global economic forum shows. During the situational case study, businesses across the...
FE REPORT | 2024-01-18 00:00:00
Mergers and acquisitions (M&A) may be in wait as a cure for comparatively weaker banks to strengthen their capital base, as they are deemed ridden with problems, according to a central bank plan. Bangladesh Bank Governor Abdur Rouf Talukder Wednesday...
JASIM UDDIN HAROON | 2024-01-18 00:00:00
Stubborn inflation induces contractionary monetary policy and pared-down GDP growth in Bangladesh for the second half of this fiscal year, prompting economists to take a critical view of the remedies outlined. The targeted annual gross domestic product (GDP) growth has...
NEW YORK, Jan 17 (Reuters): Google is laying off hundreds of employees in its advertising sales team, the Alphabet-owned, opens new tab company said on Tuesday, marking the latest cuts at the search giant.The move adds to signs that job...
BENGALURU, Jan 17 (Reuters): India's top paintmaker Asian Paints, opens new tab reported a larger-than-expected rise in third-quarter profit on Wednesday, helped by strong sales in its mainstay decorative business.Consolidated net profit rose about 35 per cent to 14.48 billion...
Sadharon Bima Corporation has recently congratulated the newly-appointed Finance Minister Abul Hassan Mahmood Ali. Sadharon Bima Corporation Chairman Dulal Krishna Saha and Managing Director Md Harunur Rashid have greeted Finance Minister Abul Hasan Mahmud Ali with a bouquet in the...
STRASBOURG (France), Jan 17 (AFP): EU member states and lawmakers on Wednesday kicked off negotiations on long-awaited budget reforms aimed at loosening rules to encourage investment while keeping debt and spending under control.Finance ministers from the EU's 27 countries hammered...
HONG KONG, Jan 17 (AFP): Hong Kong stocks tanked Wednesday on worries about China's economy after data showed it grew in 2023 at its slowest pace for more than three decades outside the pandemic years.The Hang Seng Index plunged 3.71...
SINGAPORE, Jan 17 (Reuters): China's patchy economic growth and a renewed slump in home sales have redoubled investors' resolve to steer clear of the country's markets, sending shares tumbling as foreigners quit in the absence of fresh policy support.Gross domestic...
BENGALURU, Jan 17 (Reuters): Fund flows into India's information technology stocks both from local and global investors are expected to rise gradually over the next two quarters, led by growing optimism for a soft landing of the US economy and...
LONDON, Jan 17 (Reuters): World stocks fell on Wednesday as markets grappled with a central bank push back against interest rate cut expectations and signs of a patchy economic recovery for China.The dollar rallied to a one-month peak, a day...
A delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on State Minister for Shipping Khalid Mahmud Chowdhury at the latter's office in the city on Wednesday, said a press release....
In a landmark move for the Bangladeshi paper industry, Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have unveiled their first Sustainability Report, marking a significant step forward in their commitment to transparency and environmental, social, and governance...
Padma Bank Limited has been officially renamed Padma Bank PLC. Dr Chowdhury Nafeez Sarafat, chairman of the bank's board of directors, officially launched the name as the chief guest at a city hotel recently. Key attendees included Md Murshedul Kabir,...
Modhumoti Bank Limited donated Tk 1 million to the Dhaka Union of Journalists under the bank's corporate social responsibility programme on Wednesday. Md Shafiul Azam, managing director and CEO of Modhumoti Bank, handed over the cheque to Sohel Haider Chowdhury,...
FE REPORT | 2024-01-18 00:00:00
Beacon Pharmaceuticals on Wednesday topped the chart of the most-traded stocks after remaining stuck at the floor price for 10 months, joining the club of large-cap stocks that have experienced post-polls price appreciations. It saw the second highest price rise...
As part of its social responsibility, leading Bangladeshi conglomerate Ispahani has donated Tk 10 million to Chittagong Heart Foundation. Ali Ispahani, director of Ispahani Group, handed over the cheque to Dr Ahmed Kaykaus, chairman of Heart Foundation, at a ceremony...
FARHAN FARDAUS | 2024-01-18 00:00:00
The interest rate rise resulting from the policy rate increase for the second half of FY24 threatens to exacerbate liquidity crisis in the stock market, as investors are likely to divert funds to fixed-income assets. But experts doubt such an...
DAVOS (Switzerland) Jan 17 (AFP): The huge gap between how women and men's health are treated costs $1 trillion a year worldwide, the World Economic Forum said on Wednesday.Women spend a quarter more of their lives suffering from poor health...
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