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Sights set on smart Bangladesh

2023-12-28 00:00:00

Prime Minister Sheikh Hasina, who is also the President of the Awami League (AL), announced the AL's election manifesto on Wednesday with the slogan "Smart Bangladesh: Visible Development, report agencies. Hasina outlined the party's roadmap for continued economic growth and...

Inequality increases as 5.0pc amass 30.4pc wealth

FE REPORT | 2023-12-28 00:00:00

Inequality sharply increases in Bangladesh with the upper 5.0 per cent of the population amassing 30.4-percent wealth, thus widening social and regional disparities despite substantial poverty reduction by official count. A latest government survey report shows overall poverty rate cut...

SoftBank gets $7.6b T-Mobile stake windfall

2023-12-28 00:00:00

TOKYO, Dec 27 (Reuters): SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5 per cent.Masayoshi Son's conglomerate said late on Tuesday it...

Indian stocks resume record-breaking rally on rate cut optimism

2023-12-28 00:00:00

BENGALURU, Dec 27 (Reuters): India's benchmark indexes resumed their record-breaking run on Wednesday, boosted by a global rally on renewed optimism that the US central bank would start cutting rates by as soon as next March.The blue-chip NSE Nifty 50...

China's industrial profits post double-digit gains

2023-12-28 00:00:00

BEIJING, Dec 27 (Reuters): China's Novem-ber industrial profits posted double-digit gains as overall manufacturing improved, although soft demand continued to constrain business growth expectations, emboldening calls for more macro policy support.The 29.5 per cent profit rise came on top of...

Walton, Intel host tech gala night for business partners

2023-12-28 00:00:00

Walton and Intel have recently hosted a tech gala night for its business partners at a city hotel, said a press release. Bangladesh's leading technology product manufacturer Walton Digi-Tech Industries Limited and American tech giant Intel Corporation presented their current...

ICMAB organises grand reception for qualified students

2023-12-28 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has recently organised a grand reception programme for the newly-qualified students for the CMA September 2023 Examination at its Ruhul Quddus Auditorium, Nilkhet Dhaka, said a press release.In the CMA...

DBH Finance PLC, the country's largest housing finance provider, has been awarded by National Board of

2023-12-28 00:00:00

DBH honoured with highest taxpayer awardDBH Finance PLC, the country's largest housing finance provider, has been awarded by National Board of Revenue (NBR) as one of the highest taxpayers for the Fiscal Year 2022-23. The company received the award under...

New president, vice presidents of ICAB elected for 2024

2023-12-28 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has elected Mohammed Forkan Uddin FCA President and MBM Lutful Hadee, Maria Howlader and Md Johirul Islam Vice Presidents of the institute for the year 2024, says a press release. The new...

Baraka Securities Ltd, a sister concern of Baraka Group, signed an agreement with the Investment

2023-12-28 00:00:00

Baraka Securities signs deal with ICBBaraka Securities Ltd, a sister concern of Baraka Group, signed an agreement with the Investment Corporation of Bangladesh (ICB) to disburse loans from the "special fund for affected small investors in the capital market" on...

Apple files appeal after Biden admin allows US ban on watch imports

2023-12-28 00:00:00

WASHINGTON, Dec 27 (Reuters): Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after US President Joe Biden's administration declined to veto a government tribunal.The tech giant...

The 24th Senior Management Team (SMT) meeting of Sonali Bank PLC

2023-12-28 00:00:00

Sonali Bank holds 24th SMT MeetingThe 24th Senior Management Team (SMT) meeting of Sonali Bank PLC was held at its head office in the city on Wednesday. SMT Chairman and CEO & Managing Director of the bank Md Afzal Karim...

KSA, Japan sign multiple MoUs to boost bilateral relations

2023-12-28 00:00:00

RIYADH, Dec 27 (Arab News): Saudi Arabia and Japan have further strengthened bilateral relations by finalising 14 agreements across multiple sectors. The Saudi-Japanese Investment Forum held in Riyadh on Tuesday saw the signing of several memorandums of understanding and announcements...

US bond bulls look to 2024 Fed pivot to sustain searing rally

2023-12-28 00:00:00

NEW YORK, Dec 27 (Reuters): As bonds emerge from a historic selloff, some investors expect better times in the US fixed income market next year - as long as the Federal Reserve's rate cuts play out as anticipated.A fourth-quarter rally...

Mercantile Bank organised a virtual training on 'Prevention of money laundering

2023-12-28 00:00:00

Mercantile Bank organised a virtual training on 'Prevention of money laundering and combating terror financing' recently. Shamim Ahmed, deputy managing director of the bank, inaugurated the training. Some 92 officials from various branches attended the programme.

62 more investors convert Sukuk into Beximco shares

2023-12-28 00:00:00

FE REPORTAnother 62 investors have converted their Beximco Green Sukuk worth around Tk 1.76 billion into ordinary shares in Bangladesh Export Import Company (Beximco) in the second year of the bond.In the first year of the bond, 325 Sukuk investors...

Pubali Bank opened its Islamic banking window in Cox's Bazar branch having online banking facilities with a

2023-12-28 00:00:00

Pubali Bank opened its Islamic banking window in Cox's Bazar branch having online banking facilities with a view to provide modern banking service. Mohammad Ali, managing director and chief executive officer (CEO) of Pubali Bank, inaugurated the Islamic banking window...

Ferhat Anwar takes over as chairman of new National Bank board

2023-12-28 00:00:00

FE DeskFollowing the recommendation of the Bangladesh Securities and Exchange Commission, Dr Syed Ferhat Anwar has taken on the responsibility of chairman of the newly formed board of directors of National Bank Limited. He presided over the 491st meeting of...

Bank Asia Limited organised a discussion meeting and dua mahfil on the occasion of the 15th anniversary of

2023-12-28 00:00:00

Bank Asia Limited organised a discussion meeting and dua mahfil on the occasion of the 15th anniversary of its Islamic Banking Services at Bank Asia Tower in Dhaka's Karwan Bazar recently. Shafiuzzaman, president and managing director (current charge), ANM Mahfuz,...

Junk stocks decline on DSE

FE Report | 2023-12-28 00:00:00

Most junk stocks which experienced abnormal price hikes in different quarters of 2023 retreated on the prime bourse on Wednesday. These stocks saw their price fell between 1.62 per cent and 8.75 per cent and some of them made their...

Southeast Bank has settled life insurance claims of its two late priority customers' family of Tk1.5 million

2023-12-28 00:00:00

Southeast Bank has settled life insurance claims of its two late priority customers' family of Tk1.5 million against 'Esteem DPS' account. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and NC Rudra, chief executive officer of Meghna Life Insurance...

ADN Telecom to invest Tk 4.5m in new subsidiary

FE REPORT | 2023-12-28 00:00:00

ADN Telecom, a publicly traded telecommunications service provider, is set to bolster its business expansion by investing Tk 4.50 million in a proposed subsidiary, ADN Media Limited. The initial paid-up capital of the new entity will be Tk 10 million,...

Dry weather likely today----------------------------------------------------

2023-12-28 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Thursday), according to the Met Office. Moderate to thick fog may occur at places over the riverbasins during late...

Dhaka's air worst in the world

2023-12-28 00:00:00

Dhaka has topped the list of cities worldwide with the worst air quality on Wednesday morning, reports UNB.With an AQI score of 325 at 8:58 am on Wednesday, Dhaka's air was classified as 'hazardous' - posing serious health risks to...

Teachers, students and officials of East West University (EWU) celebrate the approval of four-year BSc

2023-12-28 00:00:00

Teachers, students and officials of East West University (EWU) celebrate the approval of four-year BSc course in CSE programme by the Board of Accreditation for Engineering and Technical Education (BAETE) on its campus in the city recently

Govt to procure lentils, edible oil, wheat for low-income people

2023-12-28 00:00:00

The government will procure lentils, edible oil and wheat to meet domestic demands as the Cabinet Committee on Government Purchase (CCGP) on Wednesday approved a number of proposals in this regard, reports UNB.Finance Minister AHM Mustafa Kamal presided over the...

Bangla Academy felicitates rickshaw painters for gaining UNESCO recognition

2023-12-28 00:00:00

Felicitating the rickshaw painters in Dhaka whose works have made rickshaw and rickshaw paintings recognised as the UNESCO Intangible Cultural Heritage of Humanity at the 18th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, Bangla...

Chief of Army Staff General SM Shafiuddin Ahmed addressing the EME Corps commandants

2023-12-28 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed addressing the EME Corps commandants and officers at the 11th Annual Commanders' Conference of the corps at Saidpur Cantonment on Wednesday through videoconferencing — ISPR

e-GP implementation a landmark success of govt

2023-12-28 00:00:00

The implementation of Electronic Government Procurement (e-GP) has been a landmark success of the government for building "Digital Bangladesh Vision" as a tender worth around Tk7926.64 billion (792,664 crore) was invited through e-GP up to the middle of December 2023,...

Why lack of salary transparency in job postings?

Tazrian Iqbal | 2023-12-28 00:00:00

Searching for a new job online? You may have noticed that many online job postings on websites like BD jobs, chakri.com or even LinkedIn in Bangladesh most often leave their salary expectations section blank. Some even say "negotiable" without any...