ISMAIL HOSSAIN | 2023-12-23 00:00:00
A British financial technology company is investing in Bangladesh to collaborate with banks and non-banking financial institutions and revolutionise traditional lending systems in emerging markets using artificial intelligence (AI) and machine learning (ML).Agam International -- a UK-registered firm -- has...
Thousands of passengers have been hit by rail chaos as the Bangladesh Railway has suspended trains on several routes amid fears of sabotage, reports bdnews24.com.The Uttara Express train from Rajshahi to Parbatipur on Friday night is among the train trips...
REZAUL KARIM | 2023-12-23 00:00:00
The government has rejected a proposal to import roughly 200,000 tonnes of cattle meat, prioritising the protection of the domestic livestock sector, according to sources.The Department of Livestock Services (DLS) opposed the Ministry of Commerce's proposal to allow beef and...
FHM HUMAYAN KABIR | 2023-12-23 00:00:00
Government budget spending on subsidy has swelled over seven times in seven years with the pressure upsetting fiscal and macroeconomic management, ultimately compelling people to bear the cost, analysts say.Capacity payment to private power producers and relieving government entities of...
JASIM UDDIN HAROON | 2023-12-23 00:00:00
For years, potato chips have been a staple, bought regularly by Mr Wasiful Huq for his two kids. So, he was understandably perplexed when, months ago, he opened a pack of locally made potato crackers -- a popular and old...
JUBAIR HASAN | 2023-12-23 00:00:00
Government securities become investment hotcakes for institutional and individual depositors as increasing bets on treasury bills and bonds tempt them away from banking system, sources say.Allured by a record rise in the rates of returns on the government fundraising instruments,...
BEIJING, Dec 22 (Reuters): China, the world's top buyer of soy and corn, will push for higher grain yields across large areas of farmland as it seeks to ensure food security for its huge population, state media reported on Wednesday,...
Janata Bank PLC Director Ziauddin Ahmed distributes blankets among the cold-stricken people as the chief guest at a function organised by the bank's Bangabandhu Road Corporate Branch in Narayanganj on Thursday.
Gold climbed 1 per cent to a near three-week peak on Friday as the dollar and US Treasury yields slipped on rising expectations that the Federal Reserve will cut interest rates early next year, reports Reuters.Spot gold was up 1.2...
ISTANBUL, Dec 22 (Reuters): Turkey's central bank lifted its key interest rate by 250 basis points to 42.5 per cent on Thursday as expected, and said the aggressive tightening cycle will be done "as soon as possible" as it faces...
Additional Attorney General SK Md Morshed was the keynote speaker at an internal meeting organised by the Large Taxpayers Unit (LTU) of the NBR in the city on Thursday. Commissioner of Taxes in LTU Md Iqbal Bahar chaired the session....
LONDON, Dec 22 (Reuters): Oil prices rose as much as 1 per cent on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over...
TOKYO, Dec 22 (AFP) : Japanese consumer inflation slowed to 2.5 percent year-on-year in November, down from 2.9 percent the previous month, as electricity and gas bills declined, government data showed Friday.The figure for the world's third-largest economy, which excludes...
LONDON, Dec 22 (AFP) : British Prime Minister Rishi Sunak on Thursday hailed a deal with the European Union to delay post-Brexit tariffs on electric vehicle sales that were due to kick in from January.It comes after the European Commission...
OTTAWA, Dec 22 (AFP): The Royal Bank of Canada's (RBC) takeover of banking giant HSBC's Canadian operations was granted conditional approval on Thursday, more than a year after the $15.5 billion deal was announced.Canadian Finance Minister Chrystia Freeland said RBC...
SHANGHAI, Dec 22 (AFP): China's top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition.BYD Europe said the factory...
The 79th meeting of Shariah Supervisory Committee of Shahjalal Islami Bank PLC (SJIBPLC) was held at the Corporate Head Office of the bank in the city recently. Chairman of the Shariah Supervisory Committee of the bank Hazrat Maulana Mufti Shahed...
M. Khorshed Anowar, DMD and Head of Retail and SME Banking of Eastern Bank PLC.( EBL) and Md. Shahidullah, Managing Director, Metrocem Group, signed a payroll banking agreement at the bank's head office in Dhaka recently. Under the agreement, employees...
Biman Managing Director and CEO Shafiul Azim on Thursday said Biman Bangladesh Airlines would start operating Dhaka-Rome flights from March next year, reports BSS.He revealed this information at the ATJFB dialogue, organised by the Aviation and Tourism Journalist Forum of...
Moody's Investors Service has forecast Bangladesh's credit rating and the country's long-term outlook to be stable, reports UNB.The rating indicates that the global rating agency does not anticipate any significant changes in the economy's creditworthiness or its ability to meet...
Social Islami Bank donated Tk 7.5 million (75 lakh) to Proyash, an institute of special education run by Bangladesh Army for special child, as part of the bank's CSR activities. Zafar Alam, Managing Director & CEO of the bank, handed...
The National Board of Revenue (NBR) is extending its network by setting up 28 new tax zones and units to increase revenue collection, reports UNB.Under the plan, the revenue agency will set up 20 new tax zones, four specialised units...
Wall Street's main indexes gained on Friday after a key inflation reading came in softer than expected, boosting recent investor optimism that the Federal Reserve could lower borrowing costs next year, reports Reuters.The personal consumption expenditures (PCE) price index, considered...
Global equity funds saw significant withdrawals in the week up to December 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays, reports Reuters.The markets have experienced a sharp rally since late...
FE REPORT | 2023-12-23 00:00:00
The equity benchmark index retreated into the red in the outgoing week, snapping a two-week winning streak, as mounting political tensions prompted investors to move to the sidelines after booking profit on quick-gaining shares.Analysts say the prevailing floor price discourages...
West Indies have included as many as seven uncapped players in their squad for the daunting challenge of facing Australia in two Tests next month, reports www.espncricinfo.com. Batter Zachary McCaskie, wicketkeeper Tevin Imlach, allrounders Justin Greaves, Kavem Hodge and Kevin...
SYDNEY, Dec 22 (AFP): England star Tom Curran has been banned for four Big Bash League games after intimidating an umpire, but his club Sydney Sixers said Friday it was not intentional and vowed to appeal.The slick fast bowler, who...
JOHANNESBURG, Dec 22 (AFP): Former South Africa Test captain Dean Elgar announced Friday that he will retire from international cricket after a Test series against India starting next week.The 36-year-old, who has hit more than 5,000 Test runs including 13...
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