FE REPORT | 2025-03-14 00:00:00
Bangladesh LPG Autogas Station & Conversion Workshop Owners Association demanded tax holiday facility for 10 years to help keep businesses alive and flourishing in this sector.They also demanded withdrawal of currently imposed 7.5 per cent value added tax (VAT) on...
FE REPORT | 2025-03-14 00:00:00
The Appellate Division of the Supreme Court on Thursday ordered the government to upgrade the salary structure of the headmasters of the government primary schools at grade-10 of the National Pay Scale and give them the status of second-class gazetted...
LONDON/NEW YORK, Mar 13 (Reuters): Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.Citigroup's head of technology Tim...
PARIS, Mar 13 (AFP): Five years on from a first wave of harassment scandals that rocked the world of gaming, multiple women working in the industry tell AFP they have seen or experienced sexism in the workplace, fearing economic hardship...
LONDON, Mar 13 (Reuters): UBS is considering selling part of its asset management division that is largely focused on real estate investments, two people with knowledge of the matter told Reuters, as the bank looks to revamp the group's smallest...
Bangladesh LPG Autogas Station & Conversion Workshop Owners Association (BLASCWOA) demanded tax holiday facility for 10 years to help keep businesses alive and flourish in this sector.The association’s president Mohammad Serajul Mawla placed these demands during a pre-budget meeting with...
The spreads between the yields on corporate bonds and US Treasuries hit their widest since September this week, pointing to mounting investor worries about recession and a global trade war, reports Reuters.US investment-grade bond spreads hit 94 basis points on...
BRAC Bank has recognised the top-performing female staffers of its branch network, who achieved outstanding deposit business performance during the second half of 2024. The bank's Chairperson Meheriar M Hasan, Vice Chairperson Faruq Mayeenuddin Ahmed, directors Farzana Ahmed, Anita Ghazi...
With a view to enhancing foreign remittance, Janata Bank PLC is observing a 'Foreign Remittance Service Fortnight marking the Ramadan and Eid-ul-Fitre from March 06 to March 27, says a press release.Managing Director of the bank Md Mazibur Rahman urged...
Commerce Adviser Sk. Bashir Uddin said on Thursday that the prices of commodities are stable even on downtrend during the holy month of Ramadan, reports BSS.The Commerce Adviser made this remark while addressing an Imam and Khatib gathering and Iftar...
The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to establish a 100 per cent export-oriented cigarette manufacturing industry in the BEPZA Economic Zone (EZ), reports BSS.The company will...
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan urged revenue officials on Thursday to adopt a more empathetic approach toward businesses to support economic growth, reports UNB."If we are not empathetic towards businesspeople, the country's economy will not...
Prime Bank has announced 20 per cent annual dividends for its shareholders for 2024. The board of directors of the bank approved its audited financial statements at a meeting on Thursday and recommended the dividend-- 17.5 per cent in cash...
FE REPORT | 2025-03-14 00:00:00
Bangladesh Submarine Cables has revised its earnings per share (EPS) for the first and second quarters of FY25 as it last time did not take into account all the shares issued to the government against share money deposits. The EPS...
FE REPORT | 2025-03-14 00:00:00
The government has canceled the power purchase agreement (PPA) with another 22MW plant of Doreen Power Generations and Systems, exposing investors to a greater risk of losing their investment. The plant in Narsingdi stopped power generation in December 2023 upon...
FE REPORT | 2025-03-14 00:00:00
Linde Bangladesh has declared a 400 per cent final cash dividend for 2024, taking the total return on investments to 4,500 per cent for the year. This is the highest-ever annual cash dividend declared by any company in Bangladesh's stock...
BERLIN, March 13 (AFP): Insolvent German flying taxi firm Volocopter is to be bought by a Chinese vehicle parts maker, just weeks after another German company in the field, Lilium, collapsed.The Chinese firm, Zhejiang Wanfeng Auto Wheel Co., put the...
TOKYO, March 13 (AFP): Japan wants to boost its rice exports almost eightfold by 2030, a ministry official said Thursday, despite currently suffering a domestic shortage of the grain.The country's rice consumption has more than halved over the past 60...
Engineer Md. Towhidur Rahman, director of Shahjalal Islami Bank PLC (SJIB PLC) and member of the bank's Executive Committee (EC), presides over the 893rd EC meeting at its Corporate Head Office on Wednesday. SJIB Managing Director Mosleh Uddin Ahmed was...
DUBAI, March 13 (AFP): United Arab Emirates-based fund MGX has invested $2 billion to take a minority stake in cryptocurrency exchange Binance, the two sides said, calling it the biggest investment into a crypto company.MGX, headed by Sheikh Tahnoon bin...
The American Chamber of Commerce in Bangladesh (AmCham) hosted its prestigious Networking Evening followed by Iftar on Wednesday at the Sheraton Banani, reports BSS.Lieutenant General (Retd.) Abdul Hafiz, Special Assistant to the Chief Adviser (Defence and National Solidarity Development), attended...
MOSCOW, March 13 (TASS): Gas reserves in Europe's underground gas storage (UGS) facilities have fallen to around 36% for the first time in more than three years, while pumping into UGS facilities has slowed down amid a fall in temperature...
FE REPORT | 2025-03-14 00:00:00
The National Board of Revenue (NBR) has halved the tax deducted at source on imported fresh fruits from 10 per cent to 5 per cent.On Thursday, the Income Tax Wing issued a Statutory Regulatory Order (SRO) in this regard.These fruits...
In a landmark move set to transform the digital financial landscape, United Commercial Bank PLC (UCB), a premier commercial bank in Bangladesh, and PRAN-RFL Group, the nation's leading industrial conglomerate, have signed a ground-breaking agreement, says a press release. This...
FE REPORT | 2025-03-14 00:00:00
South Korea would provide Bangladesh with US$8.85 million in grants to build capacity in smart- and AI-based bridge maintenance technology across the country.The Roads and Highways Department (RHD) will shift from its manual bridge monitoring system to artificial intelligence (AI)...
SINGAPORE, March 13 (Reuters): Saudi Arabia's crude oil shipments to its biggest customer, China, are expected to drop to their lowest level in more than a year in April, trade sources said on Thursday, partly due to maintenance programmes at...
NEW YORK, Mar 13 (Reuters): When the CEO of Russian state gas giant Gazprom, Alexei Miller, opened a lavish Italian palazzo-styled building in central St Petersburg to house the company's export arm 11 years ago, he augured a future funded...
LAUNCESTON, Australia, March 13 (Reuters): Dial out the noise and focus on the fundamentals is a tactic that may work best for global commodity markets as they navigate the mounting challenges posed by US President Donald Trump's erratic and inconsistent...
Gold prices traded near record high levels on Thursday, fuelled by demand for safe-haven assets amid tariff concerns and a US inflation report that reinforced expectations of a future rate cut, reports Reuters.Spot gold gained 0.5 per cent to $2,946.68...
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