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Union Bank holds 33rd board meeting

2025-05-09 00:00:00

The 33rd meeting of the newly-formed board of directors of Union Bank PLC was held at its head office in the city on Thursday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of Risk Management Committee...

Trainers get Agrani Bank certificates

2025-05-09 00:00:00

The concluding ceremony of a 10-day training course on "International Trade, Payment and Finance" organised by the Argani Bank Training Institute (ABTI) of Agrani Bank PLC was held in the city on Thursday. Deputy Managing Director of the bank Md...

Janata Bank holds branch managers conference -

2025-05-09 00:00:00

A divisional branch managers conference of Cumilla and Noakhali of Janata Bank PLC was held at the Bureau of Bangladesh Cumilla Training Centre on Thursday. Chairman of the bank M Fazlur Rahman attended the conference as the chief guest while...

Dubai Int’l Chamber launches representative office in Dhaka

2025-05-09 00:00:00

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the launch of a new international representative office in Dhaka to further strengthen trade and investment relations between the business communities in Dubai...

MUTUAL TRUST BANK INKS DEAL WITH RENATA FOR PAYROLL SERVICES

2025-05-09 00:00:00

Mutual Trust Bank (MTB) recently signed an agreement with Renata for providing payroll banking services to its employees. Syed Mahbubur Rahman, managing director & CEO of MTB, and A K M Shihabul Kabir, senior manager, Human Resources, Manufacturing Sites of...

GCC market capitalisation surpasses $4.2tn

2025-05-09 00:00:00

RIYADH, May 8 (Arab News): Capital markets across the Gulf Cooperation Council surpassed a combined capitalization of $4.2 trillion by the end of 2024, highlighting strong regional economies and sustained investor confidence. The figure was revealed by Jasem Al-Budaiwi, secretary-general...

$58m IFC loan for Renata to help address working capital needs

FE REPORT | 2025-05-09 00:00:00

The International Finance Corporation (IFC) has committed to providing a US$58 million long-term loan to Renata PLC, a leading pharmaceutical company in Bangladesh. The aim is to bolster the country's pharmaceutical sector and its capacity to deliver essential healthcare products.This...

EBL employees conquer Nepal's Mera Peak

2025-05-09 00:00:00

Five employees of Eastern Bank conquered the Mera Peak mountain in Nepal, sponsored by the bank. They ascended the peak of the mountain (6,476 meters above sea level) on April 17, according to a statement.To mark this exceptional feat, EBL...

Paramount Insurance profit up 5pc on cost cuts

FE REPORT | 2025-05-09 00:00:00

Listed non-life insurance company Paramount Insurance showed a 5 per cent year-on-year increase in profit to Tk 4.81 million in its first quarter (January-March) of 2025, supported by lower management and commission costs.The earnings per share (EPS) rose to Tk...

Markets in free fall, then skyrocket: inherent flaws laid bare

FE REPORT | 2025-05-09 00:00:00

The Dhaka bourse on Thursday turned overly upbeat just a day after it showed the highest correction of the prime index in about five years without any significant change on economic or geo-political front. A majority of the stocks recovered...

Trump to announce 'trade deal' with UK

2025-05-09 00:00:00

LONDON, May 08 (AFP): The United States (US) and Britain were reportedly set to announce a trade agreement on Thursday that could have implications for President Donald Trump's tariffs assault, but the scope of the deal could be limited. The...

Gopalganj's traditional 'Bronze Jewellery' gets GI recognition

2025-05-09 00:00:00

GOPALGANJ, May 8 (BSS) : The traditional 'Bronze Jewellery' of Muksudpur upazila of the district has been recognised as a Geographical Indication (GI) product of Bangladesh.It has become the second product of the district to achieve this recognition. Earlier, Gopalganj's...

First Security Islami Bank 296th board meeting held

2025-05-09 00:00:00

The 296th meeting of Board of Directors of First Security Islami Bank PLC was held on Tuesday at FSIB Head Office, Dhaka with Mohammad Abdul Mannan, Chairman of the Board, in the chair. Md Azizur Rahman, Vice Chairman, Md. Abdul...

SHIMANTO BANK INKS MOU WITH SEA PRINCESS HOTEL

2025-05-09 00:00:00

Shimanto Bank recently signed a memorandum of understanding (MoU) with Sea Princess Hotel at the bank's head office. Under the agreement, all debit and credit card holders, along with Shimanto Bank's employees, will be entitled to exclusive discounts on services...

Guardian Life partners with Red Sea Gateway

2025-05-09 00:00:00

Guardian Life Insurance Limited recently signed an agreement with Red Sea Gateway Terminal (RSGT) to provide comprehensive life and medical benefits to all its employees, says a press release. The agreement was signed by Erwin Hazze, Chief Executive Officer of...

Allow import of cars older than five years: BARVIDA

FE REPORT | 2025-05-09 00:00:00

Used car dealers have urged the government to allow import of vehicles older than 5.0 years to boost collection of state revenue and the market growth as well. "If the current import policy is revised to permit import of cars...

Three advisers visit project site to assess work progress

FE REPORT | 2025-05-09 00:00:00

Three advisers to the interim government on Thursday visited the Third Terminal of the Hazrat Shahjalal International Airport (HSIA) in Dhaka to assess the progress in construction work of the country's largest aviation facility.Civil Aviation and Tourism Adviser Sheikh Bashir...

About 14 garment exporters yet to get payment of $7.6m

FE REPORT | 2025-05-09 00:00:00

Some 14 garment exporters did not get payment worth US$7.6 million despite shipping apparel goods to Russia for last one year due to transaction complexities. "Though there was a move to bring the money into the country through China, the...

On political economy of khas lands in Bangladesh

Matiur Rahman | 2025-05-09 00:00:00

The book "Bangladeshe Khaszami-Jala: Daridra-Boishommyo Bemochener Rajnoitik Orthoniti" (The Khas Land in Bangladesh: Political Economy of Inequality and Poverty Alleviation) is a comprehensive research work authored by eminent economist Professor Dr Abul Barkat, along with Sheikh Ali Ahmed, Faisal M....

Save youngsters from drugs

2025-05-09 00:00:00

Drug addiction among school and college students in Bangladesh has emerged as a deeply alarming issue. Once largely confined to urban centres, this menace is now rapidly spreading to rural areas, ensnaring young minds in its toxic grip. The consequences...

Regaining the habit of reading

2025-05-09 00:00:00

Books are a storehouse of knowledge, a symbol of human values, and a cornerstone of societal progress. Through reading, we not only acquire information but also nurture our thinking, imagination, and analytical abilities. Books open our minds to new perspectives-ones...

Paucity of public toilets in a mega city

Shiabur Rahman | 2025-05-09 00:00:00

Dhaka, the capital and largest city of Bangladesh, is supposed to be the most developed and well-maintained city in the country. But the reality is quite the opposite. Garbage and faeces are often seen left on roads, footpaths and other...

War is no solution, negotiations may find one

Nilratan Halder | 2025-05-09 00:00:00

Internal armed conflicts, wars and proxy wars---some of those prolonged--- have been continuing in quite a few regions of the world. But none of those between two nuclear powers! The latest air strike codenamed "Operation Sindoor" launched on Pakistan by...

Expanding market of local toiletry, hygiene products

2025-05-09 00:00:00

The steady rise in the consumption of locally produced toiletry and hygiene products marks a significant and welcome shift away from reliance on imports. Recent reports indicate that homegrown toiletry and beauty brands are increasingly replacing expensive imported alternatives, driven...

Journaling for teachers and students: from reflection to growth

Joyita Halder | 2025-05-09 00:00:00

Journaling is not just about simply writing down random thoughts and experiences, it is much more. Whether handwritten or typed, people can choose the option they feel more comfortable with. This easy yet effective activity can surprise us with its...

Iron ore tells a different story to the China tariff pain narrative

2025-05-09 00:00:00

LAUNCESTON, Australia, May 8 (Reuters): Concern is mounting over just how big a hit the Chinese economy is going to take from the massive tariffs imposed by the United States, but so far the commodity most at risk is seemingly...

Gold falls as Trump signals potential trade deal with Britain

2025-05-09 00:00:00

Gold prices fell on Thursday, reversing earlier gains, as US President Donald Trump hinted at a potential trade deal with Britain, easing trade tensions and reducing the precious metal's appeal as a safe-haven investment, reports Reuters.Spot gold was down 0.7...

Rotary Club of Motijheel has handed over 12 wheelchairs to the Biman Bangladesh Airlines

2025-05-09 00:00:00

Rotary Club of Motijheel has handed over 12 wheelchairs to the Biman Bangladesh Airlines for the use by Hajj pilgrims. The wheelchairs were handed over at a ceremony at Balaka Bhaban in the city recently. Rtn PP Abdus Shakur Chowdhury...

Oil prices rise on support from US-China trade hopes

2025-05-09 00:00:00

LONDON, May 8 (Reuters): Oil prices rose over 1 per cent on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the United States and China, the world's two largest oil consumers.Brent crude futures were up 89...

Woman killed in axe attack at Warsaw university

2025-05-09 00:00:00

WARSAW, May 08 (BBC): A woman has been killed in an axe attack at the University of Warsaw in Poland, police said.The university said she was a staff member and had come under attack in the main campus building on...