Bangladesh's economy witnessed an impressive growth at a rate that was close to China's over a decade until the pandemic struck the country, thanks to the competitiveness of its external trade, especially apparel export. But, of late, the trade has...
Mohiuddin Rubel | 2023-12-23 00:00:00
As we are ready to set our foot in 2024, poised to embark on a new chapter, we can confidently say that 2023 was a pivotal year for us. Despite wresting with twofold challenges, domestic and international, we have successfully...
TOKYO, Dec 21 (Reuters): Honda Motor's American unit is recalling about 2.5 million vehicles over risks of fuel pump failure that can cause an engine stall while driving and increase the chances of a crash, the National Highway Traffic Safety...
LONDON, Dec 21 (Reuters): Shipping companies remain in the dark over a new international navy coalition being assembled by the United States to combat attacks in the Red Sea, with many vessels continuing to avoid the area or cancelling contracts,...
TOKYO/SEOUL, Dec 21 (Reuters): South Korea's Samsung Electronics will invest around 40 billion yen ($280 million) over five years in a facility for research into advanced chip packaging it will set up in Japan, according to an announcement by the...
MUMBAI, Dec 21 (Reuters): Jefferies Financial Group expects investment banking fees in India to rise in the next couple of years as the number of deals grows, its country head said, bolstering the prospects for the US bank in a...
BENGALURU, Dec 21 (Reuters): India's Piramal Enterprises said on Thursday that it would set aside funds to cover its exposure to alternate investment funds (AIF), days after the country's central bank tightened rules governing such holdings.The Reserve Bank of India...
MOSCOW, Dec 21 (Reuters): The Russian state may reduce its shareholding in some large companies while maintaining a controlling stake, and has listed about 30 companies for possible privatisation, Russian Finance Minister Anton Siluanov said on Thursday. Shunned by Western...
TOKYO, Dec 21 (Reuters): Toyota Motor shares slumped on Thursday as Japan's transport ministry inspected a subsidiary over safety concerns dating back decades and as the world's top-selling automaker separately announced a recall of 1.1 million vehicles.Shares in Japan's biggest...
The 34th, 35th and 36th annual general meeting (AGM) of Delta Life Insurance Company Ltd was held on Thursday virtually. As per the Supreme Court orders, the meetings were presided over by Justice Moyeenul Islam Chowdhury. Hafiz Ahmed Mazumder, chairman...
United Commercial Bank (UCB) has signed a memorandum of understanding (MoU) with Bashundhara Group recently. Arif Quadri, managing director and CEO of UCB, and Safwan Sobhan, vice chairman of Bashundhara Group, signed the agreement at Bashundhara Group Corporate head office...
Fu-Wang Foods Ltd has recently held its 27th annual general meeting (AGM) virtually. Professor Md Abul Kashem, chairman of Fu-Wang Foods, presided over the AGM. The shareholders adopted the company financial statement for the year ended on June 30, 2023.
City Bank has recently signed an agreement with Guardian Life Insurance Limited to commence their bancassurance business. Mashrur Arefin, managing director and CEO of City Bank, and Sheikh Rakibul Karim, chief executive officer of Guardian Life Insurance, signed the deal....
The 23rd Annual General Meeting (AGM) of Runner Automobiles Limited, a listed engineering company, was held virtually on Thursday. The meeting was chaired by the company secretary Mizanur Rahman while Subir Chowdhury, Managing Director and CEO, delivered the welcome speech....
Managing Director and CEO of Janata Bank PLC Md Abdul Jabbar and Rajdhani Unnayan Kartripakkha Chairman Md Anisur Rahman Miah inaugurated the bank's RAJUK Bhaban Corporate Branch branding in the city recently.
Samorita Hospital Limited Chairman Prof Reaz Ahmed Chowdhury presides over the 38th annual general meeting of the company held on a digital platform recently. The meeting approved the financial statement for the fiscal year ended on June 30 2023 and...
Nayeemur Rahman, Director of Uttara Group of Companies (UGC), has been elected a Director of Dhaka Chamber of Commerce and Industry (DCCI) for the years 2024-2026, says a statement. Mr. Rahman completed his Master's in International Business from Greenwich University,...
MetLife Bangladesh has been awarded as the highest taxpayer in the insurance sector for the fiscal year 2022-23. Abu Hena Md. Rahmatul Muneem, Chairman of National Board of Revenue, handed over the crest and certificate to Ala Ahmad, Chief Executive...
Pubali Bank PLC has donated Tk 5.0 million as a grant to 'Proyash', a specialised educational institution for special needs children, under the patronage of Bangladesh Army as part of its social responsibility. Mohammad Ali, Managing Director & CEO of...
The Institute of Chartered Accountants of Bangladesh (ICAB) organised a Members' Conference on ICAB CPD Policy and an inauguration ceremony of ICAB Continuing Professional Development (CPD) Portal at the CA Bhaban recently. Mustafa Jabbar, former Minister of Posts, Telecommunications and...
Japan International Cooperation Agency (JICA) and the government of Bangladesh formalised their commitment to enhance the industrial competitiveness of the country by signing the Record of Discussions (R/D) of the Industrial Competitiveness Enhancement Project (ICEP) on Thursday, reports BSS.Md Anwarul...
FE REPORT | 2023-12-22 00:00:00
The securities regulator has allowed a non-banking financial institution (NBFI) and a state-owned commercial bank to raise an aggregate amount of capital worth Tk 14 billion by issuing bonds.The Bangladesh Securities and Exchange Commission (BSEC) approved their proposals to raise...
BABUL BARMAN | 2023-12-22 00:00:00
Although most Asian frontier stock markets delivered a robust performance this year, Bangladesh market has put up a poor show, with a negative return of 5.3 per cent for the period of December 30, 2022 to December 14, 2023. The...
CAIRO, Dec 21 (Arab News): Egypt's sovereign wealth fund has signed an $800 million deal to sell a stake in seven prominent hotels to the country's Talaat Moustafa Group in its drive to raise funds and foreign currency, Prime Minister...
ISLAMABAD, Dec 21 (Express Tribune): The World Bank (WB) greenlit a $350 million package for Pakistan's budget financing, highlighting the need for fiscal and structural reforms. This move comes amid concerns raised by the World Bank's board members over Pakistan's...
LONDON, Dec 21 (Arab News): Turkiye's pivot back to orthodox fiscal policies could pay off with record debt issuance and the continued return of foreign investors in 2024, JPMorgan Managing Director Stefan Weiler told Reuters. International investors had fled Turkiye...
CALIFORNIA, Dec 21 (Reuters): Canada's BlackBerry reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats.While IT spending has dwindled over the past year, cybersecurity-related expenditure has remained stable as businesses...
RIYADH, Dec 21 (Arab News): A new agreement signed by the Saudi Export-Import Bank is poised to boost bilateral trade between the Kingdom and Japan. The memorandum of understanding, inked with Japan's government-owned Nippon Export and Investment Insurance, aims to...
RIYADH, Dec 21 (Arab News): Saudi Arabia's minister of industry and mineral resources has concluded his three-day official visit to Tokyo, highlighting the Kingdom's commitment to fostering economic ties with Japan.During the visit, Bandar Alkhorayef emphasized attracting investments to contribute...
ISLAMABAD, Dec 21 (Express Tribune): Pakistan and the Asian Development Bank (ADB) have signed six loan agreements worth $1.2 billion, with one-third of it to be disbursed as budget financing, reopening choked financing pipelines after reaching a deal with the...
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