NEW YORK, Apr 16 (Reuters/AFP): US President Donald Trump blocked a planned Israeli strike on Iranian nuclear sites in favour of negotiating a deal with Iran to limit its nuclear programme, the New York Times reported on Wednesday, citing administration...
LONDON, April 17 (Reuters): US President Donald Trump's tariffs have darkened the global economic backdrop, forcing big central banks to reassess their next steps.Policymakers outside the United States now look more likely to cut interest rates than they would have...
WASHINGTON, April 16 (Reuters): World Bank President Ajay Banga urged developing countries on Wednesday to liberalize trade, saying many maintained higher tariffs than advanced economies and lowering them could offset the risk of reciprocal import taxes.Banga told reporters that global...
IFIC Bank signed a memorandum of understanding (MoU) with Farazy Hospital Limited to provide special healthcare benefits to customers and employees. The signing ceremony was held on Wednesday at IFIC Tower in Purana Paltan, Dhaka. Under this agreement, IFIC Bank's...
FE REPORT | 2025-04-18 00:00:00
Prime Finance & Investment has shown losses more than four times' higher in 2022 to Tk 824 million, compared to the year before.The NBFI has been consistently failing to publish its financial results timely due to a combination of financial...
FE REPORT | 2025-04-18 00:00:00
Prime Bank and its brokerage arm, Prime Bank Securities Limited, have launched the country's first-ever bank-broker integrated platform through MyPrime app.This innovative integration allows customers to seamlessly manage both their banking and investment needs from a single digital platform, according...
FE REPORT | 2025-04-18 00:00:00
IDLC Finance experienced a 32 per cent year-on-year rise in consolidated net profit to Tk 2 billion in 2024, driven mostly by a rise in interest rate.A significant decline in provisioning also facilitated the company's profit growth.The company's board of...
FE REPORT | 2025-04-18 00:00:00
IPDC Finance has reported a 5.9 per cent year-on-year growth in profit to Tk 363 million for 2024, driven by robust investment income and higher interest earnings following the introduction of market-based interest rate.The non-bank financial institution's earnings per share...
Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating US-China trade tensions kept bullion above the $3,300 per ounce level, reports Reuters.Spot...
Jamuna Oil Company Limited held its 533rd board meeting on a virtual platform on Wednesday. JOCL Board Chairman M A Akmall Hossain Azad presided over the meeting. Directors Kaosar Zahura, Md Shamsul Alam Bhuiyan, Dr Nurunnahar Chowdhury, Mohammad Abdul Quader,...
LONDON, Apr 17 (Reuters): Oil prices rose to the highest in two weeks on Thursday amid low liquidity ahead of the Easter holidays after the United States imposed new sanctions to curb Iranian oil exports, elevating supply concerns.Brent crude futures...
Dengue has emerged as a pressing public health concern in Bangladesh, with its growing severity calling for urgent and coordinated action. The virus exists in four serotypes-DENV-1, DENV-2, DENV-3, and DENV-4. Infection with one serotype provides immunity against that specific...
In today's society, drug addiction has emerged as a grave threat to our youth. This crisis, rooted in family, social, and mental degradation, not only destroys individual lives but also undermines the very fabric of our society. Faced with high...
Shiabur Rahman | 2025-04-18 00:00:00
Bangladesh has achieved impressive success in industrialisation over the years with the industry sector's contribution to the gross domestic product (GDP) reaching around 40 per cent. Still Bangladesh is considered an agricultural economy as the sector remains the backbone of...
Nilratan Halder | 2025-04-18 00:00:00
In this country what the businesses demand, they get and they get it at the cost of the consumers. The public are a disparate lot and in the absence of a unified platform, their demands are met with indifference. Contrary...
The recent high-level meeting chaired by the Chief Adviser of the interim government has reaffirmed Bangladesh's commitment to graduate from the Least Developed Country (LDC) category in 2026. With this, any lingering uncertainty about deferring the transition has effectively been...
Mushfiqur Rahman | 2025-04-18 00:00:00
The new US 'reciprocal tariff' policy announced on April 2, 2025 has shaken the global trade systems and escalated tensions across the globe. It has been interpreted that the Trump administration wanted to increase US exports primarily to reduce the...
The 47th meeting of the audit committee of the board of directors of Modhumoti Bank was held on Wednesday, April 16. Amongst the members of the audit committee, Mr. A. Mannan Khan, Mr. Md. Mahbubur Rahman, and Mr. Md. Shafiul...
DOULOT AKTER MALA | 2025-04-17 00:00:00
The investment promotion authority found the recent gas tariff hike as 'discriminatory' for new investors and apprehended that it would put an adverse impact on its ongoing efforts to attract new investment.The hike just after the investment summit would 'undoubtedly'...
ERD Secretary Md Shahriar Kader Siddiky and German Ambassador to Bangladesh Achim Tröster on Wednesday shake hands after signing an agreement to finance €52.5 million for the project 'Climate Change Adapted Urban Development Programme VIII'. — FE Photo
FE REPORT | 2025-04-17 00:00:00
The National Board of Revenue (NBR) has waived the 5.0 per cent advance tax (AT) at the import stage on crude edible oils. Commercial importers can utilise the opportunity, subject to complying with certain conditions, said a notification issued by...
Bangladesh Bank has instructed all banks to submit comprehensive information on wilful defaulters in a separate format."It is mandatory to include all relevant details, including the names and identities of wilful defaulters," the central bank stated in its directive, reports...
The Anti-Corruption Commission (ACC) is preparing to initiate an embezzlement case against former IFIC Bank chairman Salman F Rahman, his son Shayan F Rahman, former BSEC chairman Shibli Rubayat Ul Islam, and 27 others on charges of "fraud" over IFIC...
MUNIMA SULTANA | 2025-04-17 00:00:00
Almost a year and a half since its inauguration, the Karnaphuli Tunnel continues to incur huge losses due to much lower traffic than the estimation amid a lack of initiatives to implement the "one city, two towns" concept. According to...
Stressing that elections and democracy matter, the United States has said the future of Bangladesh is going to be decided by the Bangladeshi people, reports UNB."And elections matter. I don't want to sound it trite here, but it's true. Democracy...
FE REPORT | 2025-04-17 00:00:00
Traffic in the capital's Tejgaon area came to a standstill on Wednesday as protests organised by polytechnic students created tailbacks, causing sufferings to commuters. Polytechnic students blocked roads to press home their six-point demand, including the cancellation of the High...
FE REPORT | 2025-04-17 00:00:00
Bangladesh Nationalist Party (BNP) returned disillusioned from a crucial meeting with Chief Adviser Prof Yunus on election timing as the head of interim government was noncommittal on the December deadline they proposed.Rather the government side reaffirmed already-promised December2024-June 2026 timeline...
JAHIDUL ISLAM | 2025-04-17 00:00:00
The Energy and Mineral Resources Division (EMRD) is set to implement two development projects worth Tk 9.11 billion to reduce import dependence by tapping into domestic mineral resources. One project titled 'Drilling of Two Deep Exploration Wells at the Titas...
SIDDIQUE ISLAM | 2025-04-17 00:00:00
The central bank has asked the primary dealer (PD) banks to prepare for the buyback arrangement of the government securities (G-Sec) from the upcoming fiscal year (FY 2025-26).The instruction came at a quarterly tripartite meeting held at the Bangladesh Bank...
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