Several areas around Dhaka city including Narayanganj and Narsingdi have become hotbeds of gas explosions. According to the media, six members of a family, including a woman and a child, have recently suffered burn injuries in an explosion from a...
Zahid Huq | 2024-01-12 00:00:00
The country's financial sector has grown by leaps and bounds during the past decade. Thirteen new banks and an equal number of mobile financial service (MFS) entities have entered the financial market during that period. The authorities have also permitted...
Nilratan Halder | 2024-01-12 00:00:00
By the time the new government takes over in Bangladesh, the Global Economic Prospects Report released by the World Bank makes a projection of slowdown of the country's GDP (gross domestic product) growth to 5.6 per cent for the current...
The immediate past finance minister's statement that attainment of the target of foreign exchange reserves set by the International Monetary Fund (IMF) would be impossible does give a wrong signal so far as economic and financial health of the country...
Prime Minister Sheikh Hasina on Wednesday paid rich tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman on his historic Homecoming Day, reports BSS.She paid homage to the great leader by placing a wreath at the portrait of the...
Imam Hossain | 2024-01-11 12:00:00
The circumcision of a baby boy is usually a joyous moment in any Bangladeshi family. And celebrations follow in most circumcisions with arranging a feast attended by near and dear ones. But for Ayaan's family, their excitement and happiness did...
Md. Ariful Islam and Syed Md Aminul Karim | 2024-01-11 12:00:00
In recent years, Bangladesh's economy has witnessed a vitriolic phenomenon in handling its non-performing loans. According to the Bangladesh Bank, at the end of Sep 2023, the total gross non-performing loans ratio of the banking sector of Bangladesh stood at...
LONDON, Jan 10 (Reuters): Copper prices edged higher on Wednesday on a softer dollar and as investors took a breather from bearish bets that have weighed on the market so far this year.Three-month copper on the London Metal Exchange was...
WASHINGTON, Jan 10 (AFP): A key US lawmaker has called on Washington to mull trade curbs on Emirati artificial intelligence firm Group 42 Holdings (G42) over its ties with China, according to a letter released Tuesday.Mike Gallagher, the Republican chair...
RIYADH, Jan 10 (Reuters): Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not just oil, Energy Minister Prince Abdulaziz Bin Salman told an industry event on Wednesday.Saudi Arabia, the world's...
GANDHINAGAR, India, Jan 10 (Reuters): India's Prime Minister Narendra Modi touted his country's economic prospects at a major business summit in his home state on Wednesday as companies Maruti Suzuki and Adani unveiled investment plans worth nearly $30 billion combined.India...
As a part of Corporate Social Responsibility (CSR), Union Bank PLC distributed blankets among the helpless, sick, orphan and cold-affected people in different places in Dhaka city. ABM Mokammel Hoque Chowdhury, Managing Director & CEO of the bank, gave away...
A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Wednesday on a virtual platform. Chairman of the committee Mawlana Obaid Ullah Hamzah presided over the meeting. Mufti Sayeed Ahmed, Vice Chairman, and Prof. Dr....
BRAC Bank has collaborated with Discover Global Network to accept world renowned Diners Club International Cards and Discover Cards.As a result, the cardholders of Diners Club Cards and Discover Cards will be able to use their card at payment points...
The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income, reports AFP.The UN's labour agency said the economic recovery from the...
Meghna Bank PLC held an Investors' Meet and Information Memorandum (IM) Launching event for Star Ceramics Ltd., a leading tiles and sanitary ware manufacturer, on Tuesday, says a statement.The bank will act as the lead arranger, facility agent and transaction...
FE REPORT | 2024-01-11 00:00:00
The telecom regulator issued guidelines on the usage of radio frequencies, apparatus and equipment by Internet Service Providers (ISPs) on Tuesday. The Bangladesh Telecommunication Regulatory Commission (BTRC) said the instructions were issued to streamline, restructure, and bring an order the...
HONG KONG, Jan 10 (AFP): Asian markets on Wednesday resumed the losses that have characterised the year so far, following a tepid lead from Wall Street as traders prepare for the release of key inflation data and start of earnings...
GANDHINAGAR, India, Jan 10 (Reuters): India's top carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to build a second car plant in Gujarat state and will add a new production line at an existing plant, the president of...
BEIJING, Jan 10 (Reuters): Volkswagen Group and Toyota Motor saw their share of the world's largest auto market shrink last year, industry data showed on Wednesday, as legacy international automakers ceded ground to Chinese rivals.VW's two joint ventures in China...
WASHINGTON, Jan 10 (Reuters): Tesla on Wednesday rolled out the restyled version of its Model 3 compact sedan in North America at unchanged prices, months after the vehicle attracted healthy demand upon launch in China and Europe.The move will refresh...
NEW YORK, Jan 10 (Reuters): US banking giants are expected to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors.The largest banks' net interest income (NII) -...
Former US Congressman and election observer Jim Bates visited 'Dasherkandi Sewage Treatment Plant' in the capital on Tuesday. It is the country's first modern and South Asia's largest sewage treatment plant. After visiting the plant, Mr Bates signed the visitors'...
Akij Ceramics, a premier ceramic brand, hosted a grand event in the city recently to express its gratitude to its business associates for clinching the Best Brand Award for a consecutive fifth year. Guests, partners and industry luminaries joined the...
Managing Director and CEO of Rupali Bank PLC Mohammad Jahangir along with other officials paid tribute to Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his portrait at the head office of the bank on Wednesday on the occasion...
Chairman of Jiban Bima Corporation Md Asadul Islam and Managing Director Abul Khair Mohammad Hafizullah Khan greeted Finance Minister AHM Mustafa Kamal with a bouquet at his secretariat office on Tuesday on his being re-elected a member of parliament in...
LONDON, Jan 10 (Reuters): Countries making up over 60 per cent of the world's economic output and more than half of its population hold elections this year.Markets face a "ballot box bombshell", financial services group Morningstar says, adding: "prior experience...
A ceremony was held for pro-rata allotment of shares of Sikder Insurance Company Limited through electronic subscription system (ESS) at DSE Tower in the city on Wednesday. Khairul Bashar Abu Taher Mohammed, chief regulatory officer of the Dhaka Stock Exchange...
AB Bank and National Polymer Industries Ltd signed a collection services agreement with a view to expediting cash transactions to its dealers across the country. Iftekhar Enam Awal, head of business, AB Bank, and Abu Zafar, chief financial officer, National...
City Bank has recently signed an agreement at its head office with aamarPay, one of the online payment gateway service providers and Fintech companies in Bangladesh. Sheikh Mohammad Maroof, chief business officer, City Bank, and A M Ishtiaque Sarwar, managing...
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