Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million), according to exchange data, reports Reuters.Hyundai, which held a 2.47 per...
The US Securities and Exchange Commission on Wednesday is due to take the first steps toward producing new rules on which foreign firms qualify for less stringent investor disclosure requirements, according to a public notice, reports Reuters.The public meeting, set...
HONG KONG, June 4 (AFP): Asian shares extended a global rise Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new president ended months of political...
NEW DELHI, June 04 (Reuters): A group representing Indian telecom giants Reliance Jio and Bharti Airtel has said their businesses will suffer if India prices satellite spectrum at "unjustifiably low" rates that benefit satellite internet services such as Elon Musk's...
The 43rd Annual General Meeting (AGM) of IPDC Finance PLC was held virtually on Monday. The meeting was presided over by Ariful Islam, Chairman of the Board of Directors of IPDC Finance. Sarwar Azam Khan, Independent Director and Chairman of...
Iqbal Ahmed OBE DBA, Founder & Chairman of NRB Bank PLC, along with Board of Directors and Managing Director & CEO Tarek Reaz Khan formally launched the bank's VISA Signature & Corporate Commercial Credit Card at a simple ceremony held...
National Bank PLC officially inaugurated the handover of its third subordinated bond certificates at the bank's head office in Dhaka on Tuesday. Imran Ahmed, Managing Director (Current Charge) of the bank, was present as the chief guest. Through this bond...
The 428th Board meeting of Al-Arafah Islami Bank PLC was held on Tuesday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the Bank was reviewed and several policy decisions were made...
Janata Bank PLC relocated its Town Hall Crossing Branch (formerly women's branch) to a new building in Mymensingh on Wednesday. Managing Director of the bank Md Mazibur Rahman inaugurated the branch as the chief guest while General Manager of Mymensingh...
Consumers crowd a Walton showroom in Dhaka ahead of Eid-ul-Azha, as demand for freezers surges. With Eid-ul-Azha drawing nearer, consumers are flocking to electronics and home appliance outlets to purchase freezers and Walton tops the list of their preferred brands....
The 39th meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Tuesday. Chairman of the Board of the Directors Md. Fariduddin Ahmed presided over the meeting....
Community Bank Bangladesh PLC hosted a 'Risk Summit 2025' at its Head Office in Dhaka recently. The summit discussed the overall situation of the bank's portfolio, the current status of risky loans portfolio, the imminent threat of risky loans, provision...
City Bank, in collaboration with Chinese Enterprises Association in Bangladesh (CEAB), recently hosted a high-level business networking event in honour of the visiting business delegation comprising of over 100 Chinese investors and businessmen. This visit was aimed at exploring new...
United Commercial Bank (UCB) signed a memorandum of understanding (MoU) with Planten Agro Ltd., an agri-tech startup, to establish a strategic partnership aimed at promoting sustainable agricultural sector development. The agreement was signed by Nabil Mustafizur Rahman, additional managing director...
Bank Asia, the pioneer of agent banking in Bangladesh, recently achieved a milestone of Tk 60 billion deposit through its agent banking channel. Chairman Romo Rouf Chowdhury, Vice Chairman Zakia Rouf Chowdhury, along with other board members and senior management...
As the World Environment Day 2025 approaches, Berger Paints Bangladesh is highlighting its strong commitment to environmental care. A key part of this commitment is its innovative product, Berger Eco Coat, groundbreaking as South Asia's first air-purifying paint, says a...
The government has approved separate proposals for procuring some 30,000 tonnes (MTs) of rock phosphate and 70,000 MTs of MOP fertiliser to meet the growing demands of the country, reports BSS.The approvals came from the 22nd meeting of the Advisers...
The LPG Operators Association of Bangladesh (LOAB) has strongly opposed the government's proposal to increase Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) cylinders from 7.5 per cent to 10 per cent.They warned that the move could severely destabilise...
BRAC Bank has launched Visa ARQ Express International Debit Card, a pioneering solution designed to assist corporate and institutional clients in Bangladesh, to conduct secure and seamless international transactions.This initiative, in partnership with Visa, the global leader in payments, aligns...
FE REPORT | 2025-06-05 00:00:00
An association of retail investors has demanded that undeclared income be allowed for investment in stocks to save the moribund equity market. The market index tumbled to a five-year low while market capitalisation has been reduced by around Tk 1.2...
FE REPORT | 2025-06-05 00:00:00
The securities regulator has formed a four-member body to probe whether five companies, including three from Beximco Group, are compliant to protect the interest of investors and the capital market. The companies are BEXIMCO, Beximco Pharmaceuticals, Shinepukur Ceramics, Ratanpur Steel...
BEIJING, June 4 (AFP): Chinese factory activity hit a more than two-year low in May, a closely watched survey showed Tuesday.The Caixin Purchasing Managers' Index fell to 48.3 in May, well below the 50-point threshold separating expansion from contraction.The figure...
Pubali Bank PLC and Advanced Chemical Industries (ACI) PLC & ACI Logistics Limited (Shwapno) signed an agreement whereby ACI employees will enjoy advanced banking facility of Pubali Bank from their office premises without visiting any branches of the bank. Also,...
Prime Bank PLC, one of Bangladesh's leading second-generation commercial banks, has recently signed a strategic agreement with Incredible Pvt. Ltd. at Prime Bank's corporate office in Dhaka recently. As part of this agreement, Prime Bank customers will be entitled to...
Trust Bank PLC has signed an agreement with Visa to introduce 'Visa Direct for Account'. This collaboration is set to elevate Trust Bank's cross-border payment solutions. Ahsan Zaman Chowdhury, Managing Director & CEO of Trust Bank; and Sabbir Ahmed, Country...
Guardian Life Insurance Limited (GLIL) reported a 34 per cent increase in the insurance claims settlement in the first quarter of 2025, compared to the same period of the previous year. In this quarter, the insurance service provider settled claims...
FE REPORT | 2025-06-05 00:00:00
Eastern Bank PLC (EBL) has marked the World Environment Day 2025 with a week-long series of initiatives under the theme "True Transformation Starts from Within," says a statement. A key highlight of the celebration is the In-House Culture Development Session,...
A K M Sazzad Hossain has been appointed as the Deputy Managing Director of Grameen Bank.Previously, he served as a Director at the non-governmental organisation, ASA. In addition, he held leadership positions in various programs under BRAC and BRAC International's...
FE REPORT | 2025-06-05 00:00:00
The government has released Tk 2.5 billion in cash incentives for the country's exporters, marking the fourth and final installment of the export subsidy allocated for the current fiscal year (FY 2024-25).The Finance Division under the Ministry of Finance issued...
Although Bangladesh Bank has released newly designed Tk 20, Tk 50, and Tk 1,000 notes ahead of Eid, scheduled banks are unable to supply them, while they are being sold at inflated prices on the open market.A visit to Motijheel...
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