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Gold prices rebound on dollar weakness

2025-05-20 00:00:00

Gold prices rose more than 1 per cent on Monday, helped by a weaker dollar and safe-haven demand after Moody's downgraded the US government's credit rating amid lingering trade concerns, reports Reuters.Spot gold gained 1.1 per cent to $3,239.23 an...

PPP Authority holds training programme to strengthen public sector capacity

2025-05-20 00:00:00

The Public-Private Partnership Authority (PPPA) has successfully organised a two-day basic training programme, aimed at enhancing institutional understanding of PPP frameworks among key stakeholders from various government ministries and divisions.Muhammad Rafiqul Islam, Secretary and CEO of the PPP Authority, was...

Oil edges lower as US and China growth concerns weigh

2025-05-20 00:00:00

LONDON, May 19 (Reuters): Oil inched lower on Monday, weighed down by Moody's downgrade of the US sovereign credit rating and official data that showed slowing growth in China's industrial output and retail sales.Both developments raised concerns over the outlook...

Nvidia plans to sell tech to speed AI chip communication

2025-05-20 00:00:00

TAIPEI, May 19 (Reuters): Nvidia said on Monday it plans to sell a technology to others that will tie chips together in order to speed up the chip-to-chip communication needed to build and deploy artificial intelligence tools.Nvidia launched a new...

Canada pauses some counter tariffs against US

2025-05-20 00:00:00

OTTAWA, May 19 (AFP): Canada has temporarily paused some counter tariffs against the United States, but Finance Minister Francois-Philippe Champagne on Sunday pushed back against claims they have all been quietly lifted.This came as Prime Minister Mark Carney and US...

Thailand, Indonesia announce strategic partnership, vow to boost economic tie

2025-05-20 00:00:00

BANGKOK, May 19 (AP): Indonesia and Thailand agreed Monday to elevate their relationship to a strategic partnership, during the first state visit by an Indonesian president in 20 years and agreed to push for greater trade and investment.President Prabowo Subianto,...

Jamuna Tyre and Rubber Industry officially launched

2025-05-20 00:00:00

Jamuna Tyre and Rubber Industry officially launched it commercial operation recently.

Bangladesh Commerce Bank training on 'Foreign Exchange Regulations'

2025-05-20 00:00:00

Bangladesh Commerce Bank Training Institute organised a 5-day training programme on 'Foreign Exchange Regulations, International Trade Finance & Foreign Exchange'. Md. Ataur Rahman, Chairman, Board of Directors, was present as the chief guest at the inaugural ceremony on Sunday. Mohammad...

Social Islami Bank and BD Specialized Hospital sign corporate deal

2025-05-20 00:00:00

Social Islami Bank PLC and Bangladesh Specialized Hospital PLC signed a corporate agreement on Sunday. Under this agreement, SIBL cardholders, officials, employees, and their family members will enjoy various benefits, including a discount facility of 10% to 20% on different...

RUPALI BANK HOLDS AWARENESS WORKSHOP ON AML & CFT

2025-05-20 00:00:00

Rupali Bank PLC organised an awareness workshop on Anti-Money Laundering & Countering the Financing of Terrorism (AML & CFT) with the participation of members of the Board of Directors recently. BFIU Director Md Anisur Rahman and Joint Director Md Mosharraf...

National Bank and National Pension Authority sign MOU

2025-05-20 00:00:00

To facilitate registration and contribution collection under the universal pension schemes, the National Pension Authority signed a Memorandum of Understanding (MoU) with National Bank at a ceremony held in the meeting room of the Finance Division at the Secretariat recently....

Sonali Bank Staff College holds certificate award ceremony

2025-05-20 00:00:00

Sonali Bank Staff College has successfully conducted a two-day 'Training of Trainers (TOT)'. Following the completion of the training, a certificate award ceremony was held at the Staff College auditorium on Sunday. Chairman of Sonali Bank Mohammad Muslim Chowdhury attended...

World Metrology Day today ---

2025-05-20 00:00:00

World Metrology Day will be observed today (Tuesday) across the country and elsewhere in the world, aiming to raise awareness of the importance of measurement science and its impact on various aspects of life, including business, trade, and sustainable development,...

PRIME BANK SIGNS PAYROLL BANKING AGREEMENT WITH BHL GROUP

2025-05-20 00:00:00

Prime Bank recently signed a payroll banking agreement with BHL Group at the bank's Gulshan corporate office in Dhaka. Employees of BHL Group will enjoy preferential banking services, including credit card and loan facilities, from Prime Bank. They will also...

DHAKA BANK MILESTONE: OVER 0.5M ACCOUNTS OPENED, FRESH DEPOSITS over TK 60B

2025-05-20 00:00:00

Dhaka Bank opened over 500,000 new accounts, while mobilising fresh deposits exceeding Tk 60 billion, marking a milestone in its commitment to customer-centric banking and economic development. This extraordinary accomplishment underscores the confidence and trust of customers across the country....

BRAC BANK INSURANCE COVERAGE FOR WOMEN REMITTANCE BENEFICIARIES

2025-05-20 00:00:00

BRAC Bank aims to provide life and health insurance coverage to 50,000 remittance receiving women by 2025. The bank has partnered with Green Delta Insurance to add insurance perks to TARA Probashi Poribar proposition. Benefits include life coverage of up...

NCC BANK MARKS 32 YEARS WITH COMMITMENT TO TRUST

2025-05-20 00:00:00

NCC Bank celebrated its 32nd anniversary on Saturday, reaffirming its dedication to remaining a beacon of trust and reliability. Chairman Md. Nurun Newaz Salim inaugurated the event by cutting a cake at the bank's head office. Staff and executives collectively...

BSEC chair meets Salehuddin over market reforms

FE REPORT | 2025-05-20 00:00:00

Amid the persistent fall of stock indices, the chief of the securities regulator on Monday met the finance adviser to discuss the implementation of recent directives from the chief adviser to help rejuvenate the market.After the meeting, Bangladesh Securities and...

BEPZA inks deal with ILO on two-year action plan

2025-05-20 00:00:00

Bangladesh Export Processing Zones Authority (BEPZA) inked an agreement with the International Labour Organisation (ILO) on Monday on a two-year action plan for harmonising legislation and amending certain internal processes within the EPZs, reports BSS.In presence of Chief Adviser's Special...

Stocks plunge to 5-year low despite govt promises to support market

FE REPORT | 2025-05-20 00:00:00

Stocks witnessed another setback on Monday, with the prime index of the Dhaka Stock Exchange (DSE) sinking to a fresh five-year low despite government efforts to boost investors' confidence.The interim government has planned a number of initiatives, including the offloading...

Renata aims to reclaim its ‘place at the top’ with innovation

FARHAN FARDAUS | 2025-05-20 00:00:00

Renata is well-positioned to regain its leadership position in the pharmaceutical sector through cost-effective innovation of new products and efficient business models, said its chief. Investors may have gone wary about the direction of the business as key financial data...

Establishing a dedicated children court

Mir Mashur Ahmed | 2025-05-20 00:00:00

The Universal Declaration of Human Rights (UDHR), adopted and proclaimed by General Assembly resolution 217 A (III) of 10 December 1948 as a milestone document in the history of human rights, signifies in Article 25 that children are entitled to...

Water-logging in Chittagong city

2025-05-20 00:00:00

In the port city of Chittagong, water-logging has worsened during the rainy season. Over the past 20 years, this problem has turned from bad to worse. Even after light rainfall, certain roads and low-lying areas become submerged, with water reaching...

Importance of local pharma industry

2025-05-20 00:00:00

The local pharmaceutical industry plays a vital role in a densely populated country like ours, generating approximately $3 billion in annual revenue. With nearly 99 per cent of the industry domestically owned, it boasts of a strong local foundation that...

Saving peasants from thunderbolts

Syed Fattahul Alim | 2025-05-20 00:00:00

Frequency of thunderstorms and their attendant lightning strikes are increasing globally and the culprit is global warming. The issue has been discussed multiple times on different occasions in the media. The fact that the country's peasants are dying in increasing...

Advancing Japan-Bangladesh ties

Mir Mostafizur Rahaman | 2025-05-20 00:00:00

Japan has long been one of Bangladesh's most dependable and consistent development partners. Since the latter's emergence as an independent nation in 1971, Japan has extended unwavering support to a broad range of sectors -- infrastructure, health, education, energy, and...

Implementing Strategic Transport Plan

2025-05-20 00:00:00

Dhaka City's chaotic transport operation has defied every attempt to rationalise and improve it. Now experts cite that mega projects have not been complemented by foundational improvement in bus service, pavements and signalling. So commuting in the capital city has...

Elegy for the dead and dying of occupied Palestine

Hasnat Abdul Hye | 2025-05-20 00:00:00

Elegy is usually used for the dead. In the absence of an equally emotive word to convey the feelings of grief and remorse for those who are dying in plain sight on television screen of viewers, the same nomenclature can...

CA advises preparing ‘realistic’ budget

FE REPORT | 2025-05-19 12:00:00

Government high-ups have instructed finance officials to focus improvement in people's living standard and wellbeing in budgeting in a pivot from making growth-centric budget of the past times, sources said.The advice came when finance division officials Saturday placed the next...

How ICB's dividend plan for FY25 may boomerang on unitholders

MOHAMMAD MUFAZZAL | 2025-05-19 12:00:00

The state-run Investment Corporation of Bangladesh (ICB) has proposed that mutual funds (MFs) be allowed to distribute dividends from profits in the current fiscal year without meeting provisional requirements but experts say it will cause capital erosion. Both fund managers...