HONG KONG, Feb 19 (AFP): Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026."Our cost target...
NEW DELHI, Feb 19 (Reuters): Qatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar's Emir Sheikh Tamim bin Hamad Al-Thani visited New Delhi.Indian Prime Minister...
OUR CORRESPONDENT | 2025-02-20 00:00:00
CHATTOGRAM, Feb 19: Chittagong Port Authority (CPA) has launched an online gate pass system to streamline the transport of import and export goods. CPA Chairman Rear Admiral SM Moniruzzaman officially inaugurated the system on Tuesday as the chief guest. The...
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) hosted the 'ICMAB HR Meet' at a hotel in Dhaka recently, says a statement. Over 150 HR leaders gathered at the meet to discuss the collaboration between Human Resources and...
Walton, the country's super brand and leading electronics brand, has launched its 'Digital Campaign Season-22' ahead of the upcoming Eid festivals. The campaign offers customers the chance to win a grand prize of Tk 1.0 million with the purchase of...
On the southwest coast of Bangladesh, workers armed with gas torches, laser cutters and winches break apart the carcasses of the giant, old ships that are grounded on their sandy beach, reports bdnews24.com.Thirty ship-breaking yards and thousands of scrap workshops...
FE REPORT | 2025-02-20 00:00:00
Although macroeconomic adversities cooled down a bit, the stock market fell for the second day on Wednesday as political tension delivered a blow to investors' confidence.A segment of investors adopted a wait-and-see approach while profit-booking sale pressure of risk-averse investors...
MOHAMMAD MUFAZZAL | 2025-02-20 00:00:00
A group of thugs impersonating investors blackmail listed companies into paying them money. They are known as "AGM parties" among stakeholders of the secondary market for they create undue nuisance, if money is not paid, in annual general meetings held...
BRAC Bank has recently expanded its 'Aporajeyo TARA Scholarships' programme to provide financial assistance to 300 female students at the University of Rajshahi (RU). This partnership was formalised during a signing ceremony held on the RU campus on February 16,...
Islami Bank Bangladesh PLC is going to set up ATM/CRM booths at 16 Metro Rail stations in Dhaka. Islami Bank and Dhaka Mass Transit Company Limited (DMTCL) signed a corporate agreement recently. Mohammad Abdur Rouf, Managing Director of DMTCL, Md...
Daraz Bangladesh, the country's leading e-commerce marketplace, launched its much-awaited '3.3 Ramadan Campaign,' offering spectacular deals with discounts of up to 80 per cent on a wide range of products, says a statement. The campaign also features exclusive Flash Sales,...
FE REPORT | 2025-02-20 00:00:00
The Insurance Development and Regulatory Authority (IDRA) has suspended virtual participation in board meetings and other committee meetings for insurance companies.Virtual meetings on Zoom or other such platforms were initially approved during the Covid-19 pandemic, allowing board members to attend...
Standard Chartered Bank recently celebrated an important milestone of 120 years in Bangladesh, says a statement. The celebrations held in the capital city of Dhaka was attended by Bill Winters, Group Chief Executive, Standard Chartered PLC. Bill's visit to Bangladesh,...
Eastern Bank has expanded its EBL365 ATM network to Dhaka Metro Rail stations, bringing greater banking convenience to daily commuters. With 16 Metro Rail stations having EBL ATMs, passengers now can conveniently access essential financial services. EBL is the first...
JAHIDUL ISLAM | 2025-02-20 00:00:00
Electrical and home appliance entrepreneurs have sought equal and fair treatment of domestically-produced goods in government procurements to expand their market and also reduce the pressure on foreign exchange reserves by cutting import dependency.The Bangladesh Electrical, Electronics and Home Appliances...
Drug kingpin shot dead in Lanka courthouseCOLOMBO, Feb 19: A Sri Lankan man accused of being a top drug dealer was shot dead inside a courthouse Wednesday by a gunman disguised as a lawyer, police said. Ganemulle Sanjeeva was shot...
SYDNEY, Feb 19 (BBC): Australian police have charged a 31-year-old woman for assaulting two Muslim women at a shopping centre in Melbourne last week.The woman from Pascoe Vale suburb is due in court on Wednesday, where it will be alleged...
ISLAMABAD, Feb 19 (Reuters): Unknown armed men killed seven passengers on a Lahore-bound bus in southwest Pakistan's Balochistan province late on Tuesday, officials said.The attack took place in Barkhan, a district of southwestern Balochistan. The province bordering Afghanistan and Iran...
SEOUL, Feb 19 (AFP): Bogus child pornography claims, fabricated support for communism and fake posts showing Elon Musk calling for his removal-a deluge of disinformation is targeting a top judge in suspended South Korean President Yoon Suk Yeol's impeachment trial.With...
FLORIDA, Feb 19 (AFP/AP/Reuters): President Donald Trump sniped at Ukrainian leader Volodymyr Zelensky Tuesday and effectively blamed him for Moscow's invasion-even as he said he was more confident of a deal to end the war after US-Russia talks.Trump increased pressure...
Climate change is set to become a major economic threat, with the World Bank projecting that it could reduce Bangladesh's GDP by up to 9 per cent by 2050. The agricultural sector faces an existential crisis due to rising sea...
Syed Muhammed Showaib | 2025-02-20 00:00:00
The deadline for public servants to submit their wealth statements ended last Saturday. Last October, the interim government led by Dr. Yunus ordered public servants to declare their assets, presenting the move as a means to curb corruption and promote...
Atiqul Kabir Tuhin | 2025-02-20 00:00:00
In a welfare state, the provision of a universal pension plays a key role in ensuring social security for the elderly. Developed countries generally offer pensions based on individuals' contributions to pension schemes. According to the International Labour Organization (ILO),...
Apparently, the lower collection of government revenue in 2024-25 fiscal year notwithstanding the increase in the number of tax payers by 150,000, compared to the previous year looks contradictory. But to go by the observation of an official of the...
Syed Badrul Ahsan | 2025-02-20 00:00:00
Russia is finally coming in from the cold.One couldn't have imagined this situation till recently. President Donald Trump, despite the many complaints people have over the nature of his politics in various fields, has dramatically altered conditions where the Russia-Ukraine...
Md Nasir Uddin Khan, former additional secretary, died of old age complications on Tuesday, says a release.He was 70. After his namaz-e-janaza, he will be laid to rest next to his parents in Nalchiti of Jhalakathi. He is survived by...
FE REPORT | 2025-02-19 00:00:00
A group of former employees of Grameenphone, one of the leading telecom operators of the country, has demanded financial and social compensation as well as reinstatement. They also called for the cancellation of all illegal dismissal orders issued by the...
Home Adviser Lieutenant- General Md Jahangir Alam Chowdhury (Retd.) said on Tuesday if there is the need, the Rapid Action Battalion (RAB) will be formed afresh changing its name and uniform, reports BSS."If required, the RAB will be formed anew....
Chief Adviser's Press Secretary Shafiqul Alam Tuesday said the main aim of the interim government is to repatriate Sheikh Hasina from India and put her on trial, reports BSS.Citing the recent fact-finding report of the UN human rights office, he...
MUNIMA SULTANA | 2025-02-19 00:00:00
Dhaka metro-rail company is in a new dilemma over its staff members and those recruited in different projects under its recently drafted service rules.Officials and employees under grade 9 to 16 recruited in Dhaka Mass Transit Company Limited (DMTCL) threatened...
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