JASIM UDDIN HAROON | 2024-01-02 00:00:00
Funding drought for corporates seems over as private-sector-credit flow marked a double-digit growth, as of November, in a reversal of low ebb amid liquidity crunch and inflationary pressures.Scourge of inflation on businesses is that entrepreneurs avoid such hard times as...
MIR MOSTAFIZUR RAHAMAN | 2024-01-02 00:00:00
Ties between Bangladesh and the United States won't be strained for the conviction of Bangladeshi Nobel-laureate Prof Muhammad Yunus, Dhaka's top diplomat said Monday as the sentencing sent out ripples.Responding to a question regarding the implications of the verdict against...
New textbook distribution among primary and secondary school students began across the country on Monday, reports UNB.The festival was held at 10 am on the premises of National Government Primary School in the capital's Mirpur.State Minister for Primary and Mass...
JUBAIR HASAN | 2024-01-02 00:00:00
After recent reduction, the volume of mattress money or currency outside banks shows an upturn again to the worry of liquidity-hungry banks that have to borrow costly funds.Sources at Bangladesh Bank (BB) have said the amount of deposit outflow from...
FE REPORT | 2024-01-02 00:00:00
Nobel-laureate Professor Muhammad Yunus, who is chairman of Grameen Telecom firm, has been sentenced to six-month simple or non-rigorous imprisonment for violation of labour law in court verdict on the first day of this year. "I'm convicted for a crime...
NEW DELHI, Jan 01 (Reuters): Indian billionaire Gautam Adani's joint venture with Mumbai's slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia's biggest slums amid growing opposition to the project.Dharavi,...
MUMBAI, Jan 01 (Reuters): The Indian rupee closed little changed following muted trading on Monday on a lack of fresh triggers at the start of the year.The rupee ended at 83.2375 against the US dollar, slightly lower from its close...
BEIJING, Jan 01 (Reuters): Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters.The figure indicates...
LONDON, Jan 01 (Reuters): Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed.PIF's whopping $31.5 billion spend in 2023...
COLOMBO, Jan 01 (AFP): Sri Lanka slapped a new 18 per cent value added tax (VAT) on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt restructuring.An earlier VAT of 15 per...
BEIJING, Jan 1 (Reuters): China's manufacturing activity shrank for a third straight month in December and weakened more than expected, clouding the outlook for the country's economic recovery and raising the case for fresh stimulus measures in the new year.The...
BENGALURU, Jan 1 (Reuters): Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday.While entry-level vehicles remain a millstone around automobile makers' necks, they have benefited...
Sheikh Akhter Uddin Ahmed has been promoted to Deputy Managing Director (DMD) at National Bank Limited (NBL) with effect from December 27, says a statement. Previously, he was the Senior Executive Vice President and Head of the Human Resource Division....
A Memorandum of Understanding (MoU) between the Information Systems Audit and Control Association (ISACA), Dhaka Chapter, and the Institute of Chartered Accountants of Bangladesh (ICAB) was signed on Sunday. ICAB President Md Moniruzzaman and President of ISACA, Dhaka Chapter, Dr....
The 866th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at its Corporate Head Office recently, with Akkas Uddin Mollah, Chairman of Executive Committee (EC) of the bank, in the chair. Members of the committee...
Standard Chartered Bangladesh has joined hands with Khulna Mukti Seba Sangstha (KMSS) to encourage returnee migrants and community members to participate in floriculture clusters, which are groupings of farmers and agriculturalists, says a statement. This initiative is being implemented in...
Despite the anticipated challenges in 2024, there are indications that international market demand for RMG products would rise, a director at BGMEA said on Monday, reports UNB. "If we can uphold internal supply chains and increase investments in new products...
MONIRA MUNNI | 2024-01-02 00:00:00
The government has formulated the Plastic Industry Development Policy 2023, with a vision to create 0.5 million jobs and a market of US$10 billion by 2028.The policy also aims to achieve a steady 15 per cent annual growth and raise...
NCC Bank distributed blankets among the poor in Dinajpur as a part of the bank's corporate social responsibility. Deputy Managing Director of NCC Bank Md Zakir Anam distributed blankets recently.
First Security Islami Bank arranged a doa-mahfil and an event at the bank's head office welcoming the new year 2024. Syed Waseque Md Ali, managing director of the bank, attended the event. Abdul Aziz and Muhammad Mustafa Khair, additional managing...
FE REPORT | 2024-01-02 00:00:00
Axentec PLC, the newly formed subsidiary of Robi Axiata Limited, officially commenced its operation on the very first day of the English New Year 2024.It aims to provide high-tech digital solutions like cloud services, data centre, artificial intelligence (AI), data...
FE REPORT | 2024-01-02 00:00:00
Junk stocks, including those which were on the chart of top gainers in 2023, dominated the chart of top losers of the first session of the New Year 2024.The companies on the chart of Monday's top 10 losers included Imam...
Md Shaifur Rahman Mazumdar joined the Chittagong Stock Exchange (CSE) as the managing director on Monday, according to a statement. Before joining the CSE, he was the chief operating officer (COO) of the Dhaka Stock Exchange (DSE). He also served...
BABUL BARMAN | 2024-01-02 00:00:00
A 3.87 percentage point rise in foreign investors' stake in Olympic Industries in 2023 fuels curiosity because the biscuit maker drew investment at a time when local currency devaluation and floor price halved overall turnover in foreign portfolios. The liquidity...
China's first domestically built cruise ship begins maiden voyageSHANGHAI, Jan 01: China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks...
SEOUL, Jan 01 (AFP): North Korean leader Kim Jong Un told his top military officers to use maximum force against South Korea and the United States if they initiate a military confrontation, state media reported Monday.Seoul and Washington have ramped...
NEW YORK, Jan 01 (AFP): Fireworks illuminated skies over Paris, Rio and Sydney to celebrate the entry to 2024, while in Israel, Gaza and Ukraine, rockets and strikes marked the year's earliest hours.Much of the world's population-now more than eight...
NEW DELHI, Jan 01 (BBC): India's space agency has successfully launched a rocket that is carrying an observatory which will study astronomical objects like black holes. It was launched from Sriharikota spaceport at 09:10 local time (03:40GMT) on Monday.This is...
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