MILAN, Dec 18 (Reuters): Shipping stocks rose across European exchanges on Monday after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Red Sea, prompting Denmark's A.P. Moller-Maersk and other freight firms to avoid the Suez Canal.Traders...
Donald Trump, who predicted three years ago that if Democratic President Joe Biden won the White House in 2020 markets would crash, said on Sunday that stock markets hitting record highs were just making "rich people richer."Trump, the frontrunner for...
BENGALURU, Dec 18 (Reuters): Foreign portfolio investors (FPI) were major buyers of Indian equities in the first half of December, making the highest-ever purchases in a fortnight, National Securities Depository data showed.Lower US bond yields on expectation of interest rate...
FRANKFURT Dec 18 (Reuters): IBM said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings.IBM will acquire Software AG's StreamSets and webMethods platforms...
A loan agreement on "Climate Resilient Inclusive Development Programme (Subprogram1)" amounting to $90.00 million was signed on Monday between the government of Bangladesh and Korea, reports BSS.Md Anwar Hossain, wing chief and additional secretary of the Economic Relations Division (ERD),...
Officials and employees of Karnaphuli Gas Distribution Company Limited led by its Managing Director Md Abu Saklain placed a wreath at the Shaheed Minar on the Chattogram Municipal School and College premises on Saturday on the occasion of the Victory...
Employees and officials of Bangladesh Power Development Board (BPDB) led by its Chairman Md Mahbubur Rahman placed a wreath at the portrait of Bangabandhu Sheikh Mujibur Rahman at the BPDB Bhaban in the city on Saturday on the occasion of...
Bangladesh Atomic Energy Commission (BAEC) celebrated the Victory Day by hoisting the national flag in front of its office in the city on Saturday with the participation of BAEC Chairman Prof Dr Ashok Kumar Pal, Member (Planning) Prof Dr Shamim...
The 203rd meeting of the Executive Committee of the Board of Directors of Ansar-VDP Unnayan Bank was held at the board room of the bank's head office on Monday. Chairman of the bank and Director General of Bangladesh Ansar and...
Shareholders of the Information Technology Consultants Limited (ITC) approved 10 per cent cash dividend for 2022-23 and a change in the name of the company from 'Information Technology Consultants Ltd.' to 'IT Consultants PLC.'. The approval came at the 23rd...
BRAC, the world's largest NGO, and Chartered Life Insurance Company Limited (CLICL) signed a Memorandum of Understanding (MoU) at BRAC Centre on Sunday to promote health insurance initiatives in rural Bangladesh. Arinjoy Dhar, Senior Director of BRAC Microfinance Programme, and...
Managing Director and CEO of Janata Bank PLC Md Abdul Jabbar on Sunday inaugurated a five-day Faculty Development Training Course organised by the Janata Bank Staff College, Dhaka. A total of 26 executive and faculty members from Janata Bank Staff...
A views-exchanging meeting was held among the Financial Institutions Division (FID) of the Ministry of Finance, Bangladesh Securities and Exchange Commission (BSEC) and the Investment Corporation of Bangladesh (ICB) at the board room of ICB recently to discuss the current...
The 75th meeting of the board of directors of Modhumoti Bank Limited was held on Thursday on a virtual platform. Humayun Kabir, chairman of the board of directors, Shaikh Salahuddin, vice-chairman, Barrister Sheikh Fazle Noor Taposh, chairman, executive committee of...
Exim Bank inaugurated Savar upazila sub-branch at Savar and University Avenue sub-branch at Shahjalal University of Science and Technology area on Monday. Managing Director and CEO of the bank Mohammad Feroz Hossain inaugurated the sub-branches from the head office virtually.
Eastern Bank (EBL) signed an agreement with Oslo-based IDEX Biometrics to launch the world's first biometrics metal card featuring cutting-edge fingerprint sensor technology at its head office in Dhaka on Monday. Ali Reza Iftekhar, managing director and CEO of EBL,...
Sheikh Kabir Hossain and Shahida Alamin have been re-elected chairperson and vice-chairperson of Sonar Bangla Insurance Limited recently. The Board of Directors of the company re-elected them unanimously at its 140th meeting, says a statement. Sheikh Kabir Hossain is also...
Bangladesh Employers' Federation (BEF) and BRAC signed a Memorandum of Understanding (MoU) on imparting training on human rights due diligence (HRDD) and responsible business conduct (RBC) on Monday at the BEF Gulshan office.Farooq Ahmed, Secretary-General and CEO, BEF, and SK...
Grameenphone has announced the appointment of its new Chief Financial Officer (CFO) Otto Magne Risbakk and Chief Risk Officer (CRO) Md. Arif Uddin. Otto Magne Risbakk and Md. Arif Uddin will be an integral part of Grameenphone's management team, says...
Dhaka Chamber of Commerce and Industry (DCCI) president Barrister Sameer Sattar has said that corrective financial measures are needed to boost the economy of Bangladesh, reports BSS.He said Bangladesh has fared somewhat better than many of its peers in weathering...
FE REPORT | 2023-12-19 00:00:00
Asset Management Companies (AMCs), which have passed three years after registration not floating a single mutual fund, will face regulatory actions, including exclusion from the quota facility in IPOs, for failing to open such a pooled fund within a year...
BABUL BARMAN | 2023-12-19 00:00:00
Fund raising from the primary market through initial public offerings (IPOs) has fallen sharply to Tk 2.68 billion this year, the lowest in six years, as entrepreneurs adopted 'go-slow' policy ahead of the national election.Market experts also attribute this to...
TOKYO, Dec 18 (Reuters): Japan's Nippon Steel said on Monday it would buy US Steel in a deal valued at $14.9 billion, helping it add significant capacity in a key market that is primed for a price hike.US Steel's shares...
RIYADH, Dec 18 (Arab News): The total trade volume between Ajman, one of the seven emirates in the UAE, and Qatar surged by 68 per cent to 521 million dirhams ($141.86 million) until the third quarter of 2023, compared to...
NAIROBI, Dec 18 (AFP): Kenya and the European Union on Monday signed a long-negotiated trade agreement to increase the flow of goods between the two markets, as Brussels pursues stronger economic ties with Africa.The Economic Partnership Agreement will give Kenya...
LONDON, Dec 18 (Reuters): Britain will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies, the government said on Monday.The planned carbon border...
Consumer goods giant Unilever on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to US private equity firm Yellow Wood Partners, reports Reuters.The financial terms of the deal, expected to be completed in mid-2024,...
Accountholders of Bangladesh Krishi Bank (BKB) can now use its internet banking web portal to 'Add Money' to bKash accounts from anywhere and anytime without additional charges. With this addition, bKash has established the country's strongest 'bank-bKash network' by offering...
Shareholders of The ACME Laboratories Ltd. approved 33 per cent cash dividend for financial year 2022-23 at the 47th Annual General Meeting (AGM) of the company held on a digital platform on Monday. Nagina Afzal Sinha, chairman of the company,...
The Annual Risk Conference-2023 of Trust Bank Limited was held on a digital platform at its Head Office on Sunday. Humaira Azam, Managing Director & CEO; Ahsan Zaman Chowdhury, DMD & CBO; Akhlasur Rahman Bhuiyan, DMD & CRO; Hasna Hena...
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