GENEVA, Dec 11 (Reuters): Global trade is set to contract by 5 per cent in 2023 compared to last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.In its Global Trade Update, the...
NRBC Bank PLC will offer long-term loans at low interest rates to contribute to the economic development of the country. This loan will be in US dollars for investment in export-oriented industries. The 'Long Term Financing Facility (LTFF)' by Bangladesh...
The 30th Annual General Meeting (AGM) of Bangladesh Association of Banks (BAB) was held on Monday. BAB Chairman Md Nazrul Islam Mazumder presided over the meeting. Chairman of City Bank Aziz Al Kaiser, Chairman of Dhaka Bank Abdul Hai Sarker,...
The Bill & Melinda Gates Foundation has approved a grant for BRAC Bank to leverage the digitalisation of banking products and services to bring a significant number of cottage micro and small enterprises (CMSEs) and women into the banking system.The...
FE REPORT | 2023-12-12 00:00:00
The Trading Corporation of Bangladesh (TCB) has sought over Tk 16 billion as a subsidy to cover the financial loss incurred due to selling essential commodities at subsidised rates for six months, according to officials.In a recent letter to the...
S Alam Group, a leading business conglomerates in the country, is in the process of investing over Tk 580 billion in two special industrial zones approved by Bangladesh Economic Zones Authority (BEZA). Within this substantial investment, the company earmarks Tk...
In line with an ever-changing world, Jamuna Bank is constantly moving forward with the trust and confidence of its customers. A new chapter has begun with the unveiling of a fresh logo, with a promise of more advanced and smart...
FE REPORT | 2023-12-12 00:00:00
Trading in the secondary market of the government's fixed income securities has surged by 90 per cent in the first five months of the current fiscal year (FY'24), compared to the same period of the previous fiscal (FY'23).According to the...
Ankika Biswas and Khushi Singh | 2023-12-12 00:00:00
Dec 11 (Reuters): European shares were lacklustre at the start of an event-heavy week as investors buckled up for key U.S. inflation print and interest rate decisions from major global central banks, while weakness in metal prices knocked down miners.The...
An agreement was signed between the Investment Corporation of Bangladesh and the Public Works Department of the government for construction of ICB bhaban. The deal was signed by project director Engineer Md. Arifur Rahaman of the ICB, and Executive Engineer...
First Security Islami Bank inaugurated a training programme on internal auditor's and muraquib's role towards universal and Shariah banking with the participation of executives of the bank at FSIB training institute, Dhaka. Mr. Syed Waseque Md Ali, managing director of...
IFIC Bank PLC signed an agreement with Bangladesh Bank to avail loan facility under Long Term Financing Facility (BB-LTFF). Mohammad Shah Alam Sarwar, managing director and CEO of IFIC Bank and Liza Fahmida, director at BB Financial Sector Support and...
FE REPORT | 2023-12-12 00:00:00
The stock market regulator has asked the Dhaka Stock Exchange (DSE) to investigate unusual price movements of state-run Shyampur Sugar Mills.A probe report has to be submitted within 20 working days from December 10, as per an order issued by...
The Board of Directors of Bank Asia Limited has promoted Mr. Arequl Arefeen to the position of Deputy Managing Director (DMD), according to a press release.Mr. Arefeen joined Bank Asia in the year 2003. Later on, he has been taken...
The 47th AGM of Apex Tannery Limited was held virtually on Monday. Md. Abul Hossain presided over the meeting. Managing Director Md. Hedayetullah, Director Syed Nasim Manzur, independent director Dr. ATM Shamsul Huda, Chief Financial Officer Sajeeb Saha ACA, company...
FE REPORT | 2023-12-12 00:00:00
The Bangladesh Shipping Corporation (BSC) witnessed the lowest profit in eight quarters in July-September this year, thanks to a decline in vessel fare internationally coupled with lower export-import due to the persisting dollar crisis.When compared to the same quarter of...
Weather may remain dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. The highest temperature in the country on Monday was recorded at 30.7 degrees...
The death toll from the fire at a fuel filling station in city's Mohakhali area on December 06 rose to three, with the deaths of two more people on Sunday and Monday, reports UNB.The deceased were identified as Md Salauddin,...
FE REPORT | 2023-12-12 00:00:00
The High Court (HC) has cleared the way for the authorities of the Sonali Bank Ltd (SBL) to continue with its promotion proceedings.The development came as the HC rejected a rule that questioned the legality of the promotion proceedings of...
Chief of Army Staff General SM Shafiuddin Ahmed inaugurating 'Shaheed Colonel Arefin Library' at Bangladesh Infantry Regimental Centre in Rajshahi Cantonment on Monday — ISPR
FE REPORT | 2023-12-12 00:00:00
The Asian Development Bank (ADB) will provide US$400 million as policy-based loan to help Bangladesh implementing its National Adaptation Plan 2023-2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-resilient inclusive development.Economic Relations Division (ERD)...
The Awami League (AL) will bring out a victory rally in the city on December 18, marking the Great Victory Day, reports BSS.On that day, the victory procession will be brought out from the premises of the Institution of Engineers,...
Twenty-one leaders and activists of BNP and Jammat-e-Islami were sentenced to different jail terms in two separate sabotage cases filed with Paltan and Gulshan thanas on Monday, reports UNB.A Dhaka court sentenced 10 leaders and activists of BNP and Jamaat-e-Islami...
As many as 51 aspirants got back their candidacy as the Election Commission (EC) on Monday heard their petitions and cleared the way for them to contest the upcoming national election on January 07, reports UNB.With the new 51 aspirants,...
FE REPORT | 2023-12-12 00:00:00
The High Court (HC) on Monday rejected a writ petition challenging the legality of the 12th parliament polls schedule by fixing the polling date on next January 7.The HC bench of Justice Mustafa Zaman Islam and Justice Md Atabullah passed...
Information and Broad-casting Minister Dr Hasan Mahmud on Monday said that interest of foreign observers in the poll proves that a transparent, fair and participatory election is going to be held in the country and their arrival will be very...
FE REPORT | 2023-12-12 00:00:00
The essentials market has been left in the control of syndicates so that they can provide the ruling party leaders with their election expenses, BNP leader Ruhul Kabir Rizvi said on Monday."Awami oligarchs are looting the market," he said, adding...
Awami League General Secretary Obaidul Quader speaking at a joint meeting of the party’s central leaders, leaders of the Dhaka city south and north units, and the associate bodies' presidents and general secretaries at the party's Bangabandhu Avenue office in...
Prime Minister Sheikh Hasina has directed the Power, Energy and Mineral Resources Ministry to assess if the gas of the island district of Bhola could be used by setting up a fertiliser factory there following conducting a feasibility study, reports...
Four more deaths were reported from dengue in 24 hours till Monday morning, raising the fatalities from the mosquito-borne disease in Bangladesh to 1,665 this year. During the period, 413 more patients were hospitalised with the viral fever, according to...
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