An investigation into allegations of tax evasion amounting to $400 million involving the Adani Group of India has been launched by the Anti-Corruption Commission (ACC).The alleged evasion reportedly occurred through tax and duty exemptions granted under a power purchase agreement...
FE REPORT | 2025-05-01 00:00:00
Gone are the days of tax exemptions and rebate as the government is under significant pressure to increase revenues, says the finance adviser as businesses seek cut-down taxes in forthcoming budget. "Many are demanding tax breaks in the budget but...
JUBAIR HASAN | 2025-05-01 00:00:00
Bangladesh economy feels some respite as the country's foreign-exchange reserves rebound to a 20-month high of US$27.41 billion by the end of April 2025 by official count, despite major payouts. Bangladesh Bank (BB) sources say the recorded reserves size was...
Rain/thunder showers with lightning flashes and temporary gusty wind is likely to occur at a few places over Khulna, Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Thursday), according to the Met Office.It may...
Today (Thursday) is the 40th death anniversary of Seraj Uddin Ahmed, founder chairman of Elite Paint Group of Companies, says a statement. He was also a founder director of Arab Bangladesh Bank Ltd, former president of Chittagong Chamber of Commerce...
American International University-Bangladesh (AIUB) hosted 'Let's Talk with the EU Ambassador', featuring Michael Miller, the European Union (EU) Ambassador to Bangladesh, at the university's campus in the capital on Tuesday, said a press release. AIUB board of trustees (BoT) Founder...
Noting that war is always an expensive affair, Chief Adviser (CA) Prof Muhammad Yunus laid emphasis on designing Bangladesh's overall strategy, keeping hands always extended towards peace with required preparation in place, reports UNB. "In this situation, we have to...
The Supreme Court (SC) has acquitted BNP leader Amanullah Aman and his wife Sabera Aman in a corruption case filed by the Anti-Corruption Commission (ACC) over two decades ago, report agencies.A three-member bench of the Appellate Division, led by Acting...
Election Commissioner Abul Fazal Md Sanaullah has said the Election Commission (EC) is going to recommend to the government a set of electoral reforms that are above political debate, reports UNB.He said reforms could be implemented without delay as it...
FE REPORT | 2025-05-01 00:00:00
The High Court (HC) on Wednesday granted bail to former International Society for Krishna Consciousness (ISKCON) leader Chandan Kumar Dhar, known as Chinmoy Krishna Das Brahmachari, in a sedition case filed on charge of defaming the national flag. The HC...
THAKURGAON, Apr 30 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir has said an opportunity has arisen for the nation, through immense sacrifices of blood, to build a new and democratic Bangladesh."The main goal of the 1971 Liberation War was...
FRANKFURT, Apr 30 (AFP): Premium German carmaker Mercedes-Benz said Wednesday that first quarter net profit tumbled as it struggled with weak demand in China and warned that US tariffs clouded the year ahead in uncertainty.Mercedes' net profit plunged almost 43...
WASHINGTON/DETROIT, Apr 29 (Reuters): US President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted...
SEOUL, Apr 30 (AFP): South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 per cent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.The firm said it expected...
SHANGHAI, Apr 30 (Reuters): China has created a list of US-made products that would be exempted from its 125 per cent tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks...
WASHINGTON, Apr 30 (Reuters): The US economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher costs from tariffs and underscoring the disruptive nature of...
A group insurance agreement has been signed between Chartered Life Insurance PLC and Blossom Group. Mohammed Amdad Ullah, CEO (Acting) of Chartered Life, and Muntasir Hasnat, Executive Director of Blossom Group, signed the agreement on behalf of their respective organisations....
The 31st Board Meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Wednesday. Chairman of the bank Md. Fariduddin Ahmed presided over the meeting. Chairman of...
FE REPORT | 2025-05-01 00:00:00
Renata showed a 20 per cent decline in profit to Tk 587.62 million for the third quarter to March of FY25 despite a significant revenue increase, owing to costlier raw materials, higher energy price and finance costs. Revenue was up...
Dhaka Bank distributed special gifts to honour Hajj Pilgrims and bank officials. Mr. Md. Mostaque Ahmed, deputy managing director and chief emerging market officer, handed a special gift to a customer as he inaugurated the programme. Among others, Mr. Mokaram...
Pubali Bank and Bangladesh Bridge Authority signed an agreement for toll collection from Padma Bridge by using electronic toll collection (ETC) system through the bank's mobile banking app PI. Mohammad Ali, managing director & CEO of Pubali Bank, and Mohammad...
The "ACI Nutrilife Presents Health and Well-being Marketing Fest 2.0" organised by Brand Practitioners Bangladesh was held in the city recently, says a press release. The event brought together top executives, physicians, nutritionists, brand professionals, and marketers from across the...
The Public-Private Partnership Authority (PPPA) hosted the 'Divisional PPP Conference Chattogram 2025' recently, bringing together key government agencies, private investors and development partners to explore investment opportunities and promote sustainable infrastructure through the PPP model.Muhammad Rafiqul Islam, Secretary and CEO...
The Dhaka Women Chamber of Commerce & Industry (DWCCI), in collaboration with Geres and South Asian Women's Development Forum (SAWDF), has officially launched the 'FAME Project - Feminism, Action, and Mobilization for an Inclusive Economy' at an event held in...
FE REPORT | 2025-05-01 00:00:00
Despite higher sales revenue, Unilever Consumer Care's profit plummeted 38 per cent year-on-year to Tk 138 million in the first quarter through March this year due to higher costs and the re-imposition of royalty charge by the parent company.The Horlicks...
FE REPORT | 2025-05-01 00:00:00
City Bank's annual profit surpassed Tk 10 billion in 2024 for the first time since its inception in 1983, securing a remarkable 59 per cent year-on-year growth driven by substantial income from investments in government securities.The first generation commercial bank's...
MOHAMMAD MUFAZZAL | 2025-05-01 00:00:00
An "immediate action plan" of the securities regulator has coincided with the suspension of its 21 officials in a seemingly calculated move to contain negative impacts of the punitive action on the equity market. A press release issued by the...
LONDON, Apr 30 (Reuters): Paris St Germain took a big step towards reaching the Champions League final as Ousmane Dembele's early goal sealed a 1-0 win at Arsenal in a tense first leg of the semi-final on Tuesday.Dembele fired home...
Bangladesh Cricket Board president Faruque Ahmed announced that he will be taking part in the next Board election, scheduled for October this year, according to Cricbuzz. Faruque, former national cricketer and chief selector, replaced Nazmul Hasan as the board president...
KARACHI, Apr 30 (Agencies): Pakistan on Wednesday announced they will host a five-match Twenty20 international series against Bangladesh next month to begin preparations for the 2026 World Cup.The Pakistan Cricket Board said it was a change to the original plan...
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