FE REPORT | 2023-11-24 00:00:00
Bangladesh Bank has termed the latest appreciation of the local currency against the US dollar a 'right and prudent' move amidst a growing supply of the greenback and its ebbing demand."The overall foreign-exchange market is heading towards a positive direction,"...
FHM HUMAYAN KABIR | 2023-11-24 00:00:00
Emerging economic-powerhouse China transpires as a major concessional development financier to Bangladesh with fixed-term loans that outshine rising floating rate-based lending by some other bilateral and multilateral donors.Such assessment comes from analysts who Thursday said amid higher SOFR rate for...
DOULOT AKTER MALA | 2023-11-24 00:00:00
A cumulative amount of VAT collected from consumers but not deposited with the exchequer has ballooned to Tk 243.76 billion, with a government-owned corporate holding back a king's ransom. The revenue board's effort to realise arrears in value-added tax (VAT)...
BENGALURU, Nov 23 (Reuters): Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new...
BENGALURU, Nov 23 (Reuters): Indian blue-chip indexes shed early gains to end flat on Thursday, as IT stocks pulled back after a recent rally and as Cipla slumped after the US health regulator's warning letter.The NSE Nifty 50 index dipped...
BEIJING, Nov 23 (Reuters): An investment fund backed by China's National Social Security Fund was launched in Shanghai, with a size of 5.1 billion yuan ($707.24 million) for its first phase, the financial regulatory authority in Shanghai said on Thursday.The...
RIYADH, Nov 23 (Arab News): Dubai witnessed 92 businesses relocate to the emirate in the first nine months of 2023 in a boost to its global business outlook.The Dubai Chamber of Commerce revealed that 15 multinational companies and 77 small...
ROME, Nov 23 (Reuters): Swiss mining company Glencore will no longer build an electric vehicle (EV) battery recycling plant on the Italian island of Sardinia due to delays in the authorisation process, Italian trade unions said.Glencore said in May it...
WASHINGTON, Nov 23 (Reuters): US consumers' inflation expectations rose for a second straight month in November despite growing signs that price increases are in fact slowing, according to a survey released Wednesday that may create some worry for Federal Reserve...
BEIJING, Nov 23 (Reuters): Apple saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases.The number of Apple smartphones...
European shares inched higher on Thursday, supported by gains in energy stocks, while investors awaited minutes of the European Central Bank's (ECB) latest meeting for clues on the region's monetary policy path, reports Reuters.The pan-European STOXX 600 was up 0.1...
Mercantile Bank organised a virtual workshop on 'Dynamics of compliance report on regulatory & internal audit' at its training institute recently. Md Mahmood Alam Chowdhury, deputy managing director and chief operating officer of the bank, inaugurated the workshop. Some 55...
Eastern Bank (EBL) has been awarded the Most Innovative Partner by the country's travel assistant company ShareTrip. State Minister for ICT Division Zunaid Ahmed Palak handed over the trophy to Faisal M Fathe-ul Islam, head of M-Commerce and E-Commerce of...
Mutual Trust Bank (MTB), in its effort to align its CSR initiatives with the Sustainable Development Goals (SDGs), recently expanded its support to Proyash Institute of Special Education and Research (PISER) for autistic children. Usman Rashed Muyeen, deputy managing director...
Rajshahi Krishi Unnayan Bank (RAKUB) Managing Director Niranjan Chandra Debnath was present as the chief guest at the concluding ceremony of the 39th foundation training course for newly-recruited officials at the RAKUB training institute in Rajshahi on Thursday.
The 370th meeting of the board of directors of Shahjalal Islami Bank PLC was held at its corporate head office in the city on Wednesday. Chairman of the bank Mohammed Younus presided over the meeting. The board approved a number...
Durgapur sub-branch of National Bank Limited officially opened on Thursday. It is the 45th sub-branch under the Rajshahi branch. NBL Managing Director & CEO Md Mehmood Husain inaugurated the sub-branch as the chief guest.
Ambassador of Switzerland to Bangladesh Reto Renggli visited the head office of Swiss Biohygienic Equipments Ltd (SBE) of a joint venture of Incepta Pharmaceuticals Ltd at Tejgaon in the city on Thursday, said a press release.Head of Political, Economic &...
With a view to enhancing car ownership experience, IPDC Finance Limited has signed an memorandum of understanding (MoU) with HNS Automobiles Limited, said a press release.Under the MoU, customers availing IPDC Auto loan for vehicles by HNS Automobiles will enjoy...
DBL Group proudly announces the inauguration of Jinnat Textile Mills Limited, a significant addition to its portfolio and a testament to the group's commitment to excellence in the textile industry. The inaugural ceremony was held at DBL Industrial Park, Shreehatta...
Md Abul Quasem, an independent director of Bank Asia Limited, has recently been elected as chairman of BA Exchange Company (UK) Limited, a fully-owned subsidiary of the bank, said a press release.Mr Quasem completed his BSS (Hons) and MSS in...
The Chittagong Stock Exchange (CSE) held its 28th annual general meeting (AGM) at the CSE Building in Chattogram on Thursday. Asif Ibrahim, chairman of CSE, presided over the AGM, according to a statement.At the AGM, CSE shareholders approved a 5...
FARHAN FARDAUS | 2023-11-24 00:00:00
The chief of state-owned Atlas Bangladesh has been presenting a new plan at the annual general meeting every year for the last eight years to turn around the business, but not a single idea has been put into action. In...
RIYADH, Nov 23 (Arab News): Dubai's inflation rate slightly eased to 4.27 per cent in October, compared to 4.5 per cent in the previous year, the official data showed. The report from the Dubai Statistics Centre highlighted a 4.70 per...
STOCKHOLM, Nov 23 (AFP): Sweden's central bank on Thursday left its key rate unchanged at four per cent, after a year and a half of successive hikes aimed at reining in inflation. The Riksbank joins the US Federal Reserve and...
ISTANBUL, Nov 23 (AFP): Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to support the slumping lira.The bank lifted its policy rate by 5.0 per...
BRUSSELS, Nov 23 (AFP): Eurozone business activity fell in November for the sixth straight month, but the rate of decline slowed from October, a closely-watched showed Thursday.S&P Global's Purchasing Managers' Index (PMI) improved to 47.1 from 46.5 in October, but...
BRUSSELS, Nov 23 (Reuters): Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O), three people familiar with the matter said on Thursday.Antitrust enforcers around the world have stepped up...
WASHINGTON, Nov 23 (Reuters): The average interest rate on the most popular US home loan fell last week to its lowest level in two months as Treasury market yields, which act as a benchmark for mortgage rates, continued to move...
RIYADH, Nov 23 (Arab News): Trade exchange between Saudi Arabia and Thailand is on track to flourish following a new agreement signed by the Saudi EXIM Bank. Inked with its counterpart, the EXIM Bank of Thailand, the memorandum of understanding...
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