PARIS, Nov 30 (AFP): Host United Arab Emirates wants nearly 200 nations attending the COP28 climate summit starting Thursday to commit to tripling installed renewable energy capacity worldwide by 2030, a goal experts say is "ambitious but achievable".If the UN...
BEIJING, Nov 30 (AFP): China's factory activity contracted in November for the second month in a row, official data showed Thursday, piling pressure on the government to provide more support.The manufacturing purchasing managers' index-a key measure of factory output --...
LONDON/NEW YORK, Nov 30 (Reuters): Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.The world's largest...
PARIS, Nov 30 (AFP): The eurozone's second-largest economy France shrank slightly in the third quarter, official data showed Thursday, while the inflation weighing on consumers eased in November.Gross domestic product (GDP) retreated by 0.1 percent in July-September, statistics authority INSEE...
BRUSSELS, Nov 30 (AFP): The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.Consumer price increases in the 20-nation single currency bloc reached 2.4 percent, Eurostat...
BENGALURU, Nov 30 (Reuters): Taiwan's Foxconn will invest $1.5 billion in India in its latest expansion plan, the world's largest contract manufacturer of electronics said on Monday.The company, which announced the investment plan in a stock exchange filing, did not...
First Security Islami Bank PLC organised a discussion on year-ending business activities of the bank with the participation of bank's Divisional Heads, Zonal Heads and Branch Managers on a digital platform. Syed Waseque Md. Ali, Managing Director of the bank,...
The 865th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at its Corporate Head Office on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee (EC) of the bank....
Bangladesh Industrial Technical Assistance Centre (BITAC) and Remark HB Limited sign a memorandum of understanding at a function in the city on Thursday. BITAC's Tool and Technology Institute's Additional Director Md. Jahangir Alam and Remark Managing Director Engineer Ashraful Ambia...
Banglalink has partnered with the country's leading ice-cream brand Lovello Ice Cream PLC and its parent company Taufika Foods. Under this new partnership, Banglalink will provide a comprehensive suite of corporate services to Lovello Ice Cream PLC's employees. This includes...
A Memorandum of Understanding (MoU) was signed between Midland Bank and GR Metal at the bank's Agrabad Branch in Chittagong on Monday. Under the MoU, GR Metal will use the robust online cash management solution of MDB titled "Midland Cash...
Rainbow Paints, a popular paint brand of RFL Group, is going to start its two-month long 'Service Month-2023' campaign from today (Friday) with a view to providing the best services to its customers, says a press release. RN Paul, Managing...
The 119th annual general meeting (AGM) of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) was held at its Gulshan office on Thursday, with its President Md Saiful Islam in the chair.
FE REPORT | 2023-12-01 00:00:00
Bangladesh Telecommunications Company Limited (BTCL) has signed an agreement with ICT services company Huawei for supplying equipment for its 5G Readiness Project after struggling with various complications. The companies signed the agreement on November 19, but the BTCL made it...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recently entered into a transformative partnership agreement with BRAC, the trailblazer in the microfinance industry. The signing ceremony, held at BRAC Centre in Dhaka recently, marks a significant step...
BGMEA President Faruque Hassan has called upon Gloria Jeans, a Russian high street retail giant, to consider expanding its sourcing of garments from Bangladesh, especially high-value and non-cotton items, reports UNB.The BGMEA president made the call during a meeting with...
FE REPORT | 2023-12-01 00:00:00
Prioritising intellectual property rights (IPR) and preventing counterfeiting are among baits that would attract foreign investment considered important in preparation for Bangladesh's graduation to middle-income-country status. Speakers made such suggestion at a seminar on 'IPR Protection & Practices: Driving Economic...
TOKYO, Nov 30 (Reuters): Japan's big tax break to incentivise its citizens to funnel some of the trillions of yen held in cash into stock market investments and boost the economy is succeeding, but only partially.Under Prime Minister Fumio Kishida,...
HONG KONG/SYDNEY Nov 30 (Reuters): Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely, has put its US initial public offering (IPO) on hold because of a mismatch in valuation expectations, two sources with direct knowledge of the...
LONDON, Nov 30 (Reuters): Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to a survey by the Official Monetary and Financial...
BENGALURU, Nov 30 (Reuters): Shares of India's Tata Technologies jumped as much as 180 per cent on their trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 567.94 billion rupees ($6.8...
NEW YORK, Nov 30 (Reuters): Renewed appetite for stocks is helping to drive investors' interest in volatility-linked options that could buffer their portfolios against stock swings, putting those contracts on track for record trading volume this year.The S&P 500 is...
ORLANDO, Florida, Nov 30 (Reuters): If cash has been king, the Fed may be plotting regicide.As the Federal Reserve's policy 'pivot' draws into view, investors face a $6 trillion question - where to deploy this record amount of cash if...
HONG KONG, Nov 30 (Reuters): BNP Paribas plans to make at least a dozen hires in its equities business in Asia next year and will end a research outsourcing pact with Morningstar, two sources with knowledge of the matter said,...
Islami Bank Bangladesh got the 'Excellence in Mastercard Prepaid Business (Domestic) Award 2022-2023' award at the Mastercard Excellence Award 2023. Abul Faiz Muhammad Kamaluddin, deputy managing director of the bank, received the award from Atiur Rahman, former governor of Bangladesh...
BRAC Bank has won the 'PMO of the Year Award' from the Project Management Institute (PMI), USA's Bangladesh Chapter. Selim R. F. Hussain, managing director and CEO, BRAC Bank, received the award from Russell T Ahmed, president of the Bangladesh...
Dr Shamsul Alam, former state minister of the planning ministry, was present as chief guest at a conference on Thursday, organised jointly by the Institute of Chartered Accountants of Bangladesh (IC1AB), Victoria University of Wellington, New Zealand, and the Dhaka...
FE REPORT | 2023-12-01 00:00:00
Dulamia Cotton Spinning Mills may have to shut down permanently for the company has failed to revamp its production unit, replacing outdated machinery. It has been out of production for the last three years. The auditor said the company might...
FE REPORT | 2023-12-01 00:00:00
FAS Finance & Investment is bound to have a slow death. What is to be seen is how long it can survive bearing losses. Loan scams orchestrated by Proshanta Kumar Halder alias PK Halder between 2015 and 2017 left it...
Bangladesh's Najmul Hossain Shanto celebrates after scoring a half-century (50 runs) during the third day of the first Test cricket match between Bangladesh and New Zealand at the Sylhet International Cricket Stadium in Sylhet on Friday. — AFP
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