FE REPORT | 2024-01-12 00:00:00
Key consumer items alongside industrial raw materials can be imported on supplier's or buyer's credit under 90-day usance approved by the central bank for cooling the overheated market. Bangladesh Bank (BB) has allowed eight key items to be imported on...
SAVAR, Jan 11 (UNB): Police have arrested four people, including Awami League and Krishak League leaders, for alleged involvement in post-election violence in Savar.They were arrested in raids at different places on Wednesday night, said Akbar Ali Khan, officer-in-charge of...
KERANIGANJ, Jan 11 (UNB): A young man was beaten to death in Keraniganj on Tuesday after allegedly arguing with a local Swechchhasebak League leader.The victim Russel, 35, was reportedly taken away by a group of followers of the thana unit...
Bangladesh Nationalist Party's (BNP) central office in Dhaka's Nayapaltan was reopened on Thursday morning, nearly two and a half months after closure following clashes with police during the party's grand rally on October 28, 2023, reports UNB.Some BNP leaders and...
FE REPORT | 2024-01-12 00:00:00
The High Court (HC) on Thursday rejected a writ petition filed by Awami League candidate Mostafizur Rahman Chowdhury from Chattogram-16 constituency for the January 07 general election, challenging the decision of the Election Commission (EC) about the cancellation of his...
BNP Chairperson Khaleda Zia returned home from Evercare Hospital on Thursday after receiving treatment for her various health complications for over five months, reports UNB.The BNP chief left the hospital at 5pm and reached her Gulshan residence around an hour...
The United States has said "nothing has changed" about their desire to see that the aspirations of Bangladeshis are met, reports UNB."We obviously still believe in the importance of viable, vibrant democratic institutions all over the world," National Security Council...
JAKARTA, Jan 11 (Reuters): Indonesia has assigned its state food procurement firms Bulog and IDFood to procure 120,000 metric tons of meat from Brazil and India this year, the National Food Agency (NFA) said on Thursday.Bulog was alloted an import...
NEW DELHI, Jan 11 (Reuters): India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports.Companies in the sector...
WASHINGTON, Jan 11 (Reuters): A recent dip in Apple's stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world's most valuable company.Fresh worries about smartphone demand have...
BUENOS AIRES, Jan 11 (AFP): Argentina and the International Monetary Fund announced an agreement Wednesday to release $4.7 billion dollars as part of a debt restructuring plan for the troubled South American giant.Latin America's third-biggest economy is on its knees...
LONDON, Jan 11 (Reuters): Big investors are tearing up market playbooks for 2024 based on timing an expected recession and interest rate cuts, as the world economy proves surprisingly resilient.They are turning lukewarm on government bonds and away from big...
TOKYO, Jan 11 (Reuters): Japan's Nikkei share average scaled its highest levels since February 1990 on Thursday, as a weaker yen buoyed exporters and caution over an impending hike by the Bank of Japan continued to fade on the back...
GANDHINAGAR, India, Jan 11 (Reuters): US stock exchange Nasdaq has held talks with Indian authorities on potentially allowing local Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said.Indian companies are currently not permitted to list...
Bank Asia has signed an agreement with Syngenta under the bank's corporate social responsibility (CSR) to provide free seeds, fertilisers and pesticides to the poor and marginal farmers. Shafiuzzaman, president and managing director (current charge) of Bank Asia; and Hedayet...
Mercantile Bank Chairman Morshed Alam MP has won a hat-trick in Noakhali-2 (Senbag-Sonaimuri) in the 12th parliamentary election. The board of directors and top management of the bank greeted him with bouquets on Thursday. A. S. M. Feroz Alam and...
International Leasing and Financial Services Limited appointed Kazi Alamgir as its managing director (MD) on Thursday. The newly appointed managing director is being congratulated with a bouquet. In a banking career spanning over 37 years, he worked in various capacities...
Huawei South Asia Representative office has announced its achievements in the renewable energy sector at an event titled 'Huawei Solar Annual Ceremony 2023' in Dhaka recently.In 2023, Huawei delivered a 100 MW utility project for distribution to the national grid...
The ready-made garment (RMG) industry of Bangladesh needs to focus more on value addition in order to sustain and further enhance its global competitiveness, said Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan, reports UNB."In the garment industry,...
FE REPORT | 2024-01-12 00:00:00
The benchmark index of the Dhaka Stock Exchange (DSE) extended its rally on Thursday amid a rise in investor confidence about the market. Investors are optimistic that the economy will gradually overcome the prevailing challenges that are keeping the market...
Mutual Trust Bank (MTB) announced the release of its Annual Sustainability Report for the year 2022 following the Global Reporting Initiatives (GRI) standards. The bank has been publishing its Annual Sustainability Report in line with GRI standards since the year...
FE REPORT | 2024-01-12 00:00:00
Renata is going to issue five-year zero coupon bonds to collect Tk 6.6 billion to alleviate its finance cost burden by paying off short-term bank loans. It believes the bonds to be sold at around 9 per cent discount rate...
RIYADH, Jan 11 (Arab News): The Egyptian government signed an agreement on Wednesday with a consortium led by Saudi utility company ACWA Power for wind energy production in the Gulf of Suez and Gulf of Zeit.The project aims to generate...
WASHINGTON, Jan 11 (Reuters): Citigroup booked about $3.8 billion in combined charges and reserves that will erode its fourth-quarter earnings set to be reported on Friday, according to a filing.The bank stockpiled $1.3 billion in reserves to cover risks outside...
DUBAI, Jan 11 (Arab News): Oman unveiled late on Wednesday a sustainable finance framework to help the Gulf country reduce its reliance on fossil fuels and attract environmental, social and governance investors.Under the initiative, Oman plans to issue financial instruments...
MUMBAI, Jan 11 (Reuters): Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday."It has to be recognised that the financial creditors take...
BERLIN, Jan 11 (Reuters): Global trade declined by 1.3 per cent from November to December 2023 as militant attacks on merchant vessels in the Red Sea led to a plunge in the volumes of cargo transported in that key region,...
BERLIN, Jan 11 (Reuters): Mercedes-Benz's fourth-quarter sales took a hit from supply constraints and model changeovers, but full-year car deliveries were in line with its forecast at 2 million, the carmaker said on Thursday, as it prioritises boosting margins over...
Motor fuels distributor Sunoco LP said on Thursday it has agreed to sell 204 convenience stores in West Texas, New Mexico and Oklahoma to 7-Eleven Inc for about $1.0 billion, reports Reuters.Sunoco said the proceeds from the sale will allow...
Alphabet's Google said on Wednesday it is laying off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, reports Reuters.Google said it will...
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