NEW DELHI, May 04 (Reuters): Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in...
A five-day 'Basic Course for Cash Officers' (34th Batch) of National Bank Limited was inaugurated at the bank's Training Institute on Sunday. A total of 27 officers from various branches of the bank are participating in this training course. Sheikh...
Sheikh Farid (JDS Scholar), Joint Secretary of the Financial Institutions Division (FID), and Md Matiur Rahman, Professional Accountant, have officially joined the Board of Directors of state-owned BASIC Bank Limited. They participated in the 678th meeting of the Board held...
Md. Rezaul Karim, Deputy Managing Director of Uttara Bank PLC, inaugurated the 47th Sub-Branch of the Bank named 'Belabo Sub-Branch' at Belabo in Narsingdi on Sunday. Md Rabiul Hasan, General Manager (Public Relation), was present as a special guest. Md....
Shari'ah based Standard Bank PLC inaugurated a Hajj Booth at Ashkona Hajj Camp in Dhaka. Md. Habibur Rahman, Managing Director of the bank, formally inaugurated the Hajj Booth as the chief guest recently. Free passport endorsement, foreign currency exchange and...
In its continued efforts to provide prompt and quality service to Hajj pilgrims, Social Islami Bank PLC has inaugurated a dedicated "Hajj Booth" at the Ashkona Hajj Camp in Dhaka. The booth was officially inaugurated by Md. Nazmus Saadat, Deputy...
Prime Bank Investment Limited (PBIL) organised a ceremony on April 30 to celebrate its 15th anniversary as a full-fledged investment bank of Bangladesh. Chairman Mr. C Q K Mustaq Ahmed, members of the board of directors- Mr. Azam J Chowdhury,...
A senior delegation from J.P. Morgan Payments recently met Mr. Nuruddin Md. Sadeque Hossain, managing director, Southeast Bank, at the bank's head office. The J.P. Morgan delegation was led by Christine Tan, managing director & head of Asia Pacific -...
Bangladesh Bank (BB) has planned to circulate newly-designed banknotes in the market before Eid-ul-Azha, according to sources at the central bank, reports UNB.The redesigned notes will feature graffiti commemorating the July Uprising, along with elements reflecting the country's cultural heritage...
Bangladesh's economy is showing signs of a gradual recovery, though GDP growth remains under pressure due to historically low tax revenues and a struggling banking sector burdened by about 35 per cent of defaulted loans, reports UNB.Professor Selim Raihan of...
Shahjalal Islami Bank recently promoted Mr. Imtiaz Uddin Ahmed to the position of additional managing director (AMD), according to a statement.Mr. Ahmed's promotion recognises his significant contributions to the bank in different areas of business and operations. He has extensive...
FE REPORT | 2025-05-05 00:00:00
Power producer Summit Power reported a 44 per cent plunge in profit for the third quarter of FY25, as its three plants, which started operating under 'No Electricity, No Payment' arrangement, received no capacity charge during the period.Hence, the earnings...
FE REPORT | 2025-05-05 00:00:00
Olympic Industries is in an enviable position when it comes to cash reserves - Tk 10 billion as of March this year - and it has been leveraging that to strengthen its market position even further. In its sustained drive...
OMAHA, May 04 (Reuters): Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett's vision and star...
LONDON, May 2 (Reuters): Prices of Asian spot liquefied natural gas (LNG) fell this week to a new one-year low on weak demand and as trade wars raise concerns over long-term Asian demand.The average LNG price for June delivery into...
The Board meeting of Padma Bank PLC was held recently, with its Chairman Md. Shawkat Ali Khan in the chair. The meeting was conducted by Padma Bank Chief Executive Officer Kazi Md. Talha (Current Charge). Directors of Padma Bank --...
First Security Islami Bank PLC (FSIB) organised a two-day `Retreat Program' for Executives at its Training Institute Saturday. Mohammad Abdul Mannan, Chairman of the bank, was present as the chief guest while Abu Reza Md. Yeahia, Managing Director (Current Charge),...
Rupali Bank PLC has temporarily relocated its head office to the Eunoos Trade Centre at Dilkusha in Dhaka due to ongoing renovation and retrofitting of its existing premises. Managing Director of the bank Kazi Md Wahidul Islam along with other...
Jamuna Bank PLC and Universal Medical College & Hospital Limited signed a Corporate Health Agreement at Jamuna Bank Tower in Dhaka recently. The agreement was signed by Mirza Elias Uddin Ahmed, Managing Director & CEO of Jamuna Bank, and Dr....
Islami Bank Bangladesh PLC launched a month-long campaign on 'NPL Recovery and Deposit Mobilisation.' Md. Omar Faruk Khan, managing director (current charge) of the bank, inaugurated the campaign as the chief guest at Islami Bank Tower recently. Md. Altaf Hossain,...
Midland Bank PLC (MDB) inaugurated its Ashulia Sub-Branch at Ashraf Plaza, East Jamgora, Savar, Dhaka, on Sunday. Md Ahsan-uz Zaman, Managing Director & CEO of the bank, inaugurated the sub-branch as the chief guest along with other officials and guests.
bKash is offering an exciting chance to enjoy dinner with actress Mehazabien Chowdhury at a luxurious five-star hotel, along with mother, by sharing special moments together through photos and short stories. Marking this year's Mother's Day, bKash has launched 'Magical...
FE REPORT | 2025-05-05 00:00:00
The Asian Development Bank (ADB) on Sunday announced plans to expand its support to long-term food and nutrition security in Asia and the Pacific by US$26 billion, bringing its total funding for food security initiatives to $40 billion over 2022-2030.The...
Canadian businesses can make profit by investing in the Mirsarai Economic Zone in Chattogram, which offers long-term land allocation for industrial use, said Commerce Adviser Sk Bashir Uddin.He said this during a meeting with the visiting Indo-Pacific trade delegation from...
Saudi chemicals giant SABIC on Sunday reported a first-quarter net loss of 1.21 billion Saudi riyals ($323 million), citing a rise in operating costs and high feedstock costs, reports Reuters.That compared to a profit of 0.25 billion riyals in the...
LONDON, May 4 (Reuters): Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to provide the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday.Speaking at the bank's...
WASHINGTON, May 4 (Reuters): US President Donald Trump's administration on Friday proposed cutting billions of dollars in federal funding next year for projects including renewable energy and electric vehicle chargers, and gutting programs aimed at curbing climate change.The proposal to...
bdapps innovation summit launches toempower aspiring techpreneurs The bdapps Innovation Summit 2025 is going to be launched today with a call to action for aspiring techpreneurs and early-stage developers across Bangladesh. The summit aims to discover and scale visionary Android...
SAQIB AHMED | 2025-05-05 00:00:00
As the national budget for the fiscal year 2025-26 draws near, signs are emerging that the government will continue its long-standing policy of imposing a heavy tax burden on the telecom sector. For years, telecom operators have appealed for a...
RIAZ UDDIN HRIDOY | 2025-05-05 00:00:00
When Mobile Number Portability (MNP) was introduced in Bangladesh in October 2018, it was hailed as a game-changer. Consumers, long stuck with underperforming operators, finally had the freedom to switch networks without losing their mobile numbers. The reform promised to...
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