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Asian stocks rise, oil falls as Trump fans Ukraine peace hopes

2025-02-14 00:00:00

HONG KONG, Feb 13 (AFP): Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed...

Meena Bazar expands footprint to Mirpur-DOHS

2025-02-14 00:00:00

Meena Bazar, a leading supershop brand, opened a new outlet in Dhaka (House 110, North Shagufta New Road, Mirpur DOHS) on Thursday, marking another milestone in the brand's expansion. Residents of Mirpur DOHS can enjoy home delivery services by placing...

Janata Bank holds view-exchange meeting in Sylhet

2025-02-14 00:00:00

A view-exchange meeting with all branch and area chiefs of the Sylhet division of Janata Bank PLC was held at the bank's divisional office in Sylhet recently. Deputy Managing Director of the bank Md Golam Mortuza was present as the...

DESCO Board of director holds 499th meeting

2025-02-14 00:00:00

The 499th meeting of the Board of Directors of Dhaka Electric Supply Company Limited (DESCO) was held on Wednesday. The meeting was presided over by Chairman of DESCO Board and Chief Executive Officer (Secretary) of Public Private Partnership Authority Muhammad...

IPDC and Bangladesh Bank Drive Financial Inclusion in Rajshahi

2025-02-14 00:00:00

IPDC Finance PLC and Bangladesh Bank jointly organised an 'Entrepreneur-banker exchange meeting' in Rajshahi on Wednesday, to accelerate financing for entrepreneurs in the Rajshahi silk industry cluster and engage with pre-finance beneficiaries under the Tk 250 billion scheme. The meeting...

Shahjalal Islami Bank holds EC meeting ----

2025-02-14 00:00:00

The 891st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee...

MERCANTILE BANK INKS DEALS TO INSTALL ATM/CRM AT METRO RAIL STATIONS

2025-02-14 00:00:00

Mercantile Bank signed agreements with Dhaka Mass Transit Company Limited (DMTCL) to install ATM/CRM at Motijheel, Dhaka University and Farmgate metro rail stations. The event took place at the conference room of DMTCL Office at Uttara, Dhaka on Wednesday. The...

UCB HOSTS 506TH MEETING OF BOARD OF DIRECTORS

2025-02-14 00:00:00

United Commercial Bank (UCB) hosted its 506th meeting of the board of directors on Tuesday at the corporate office of the bank. UCB Chairman Sharif Zahir presided over the meeting. Among others, Managing Director & CEO Mohammad Mamdudur Rashid; the...

MUTUAL TRUST BANK SIGNS MOU WITH TERRAPAY FOR STUDENT FILE SERVICES

2025-02-14 00:00:00

Mutual Trust Bank (MTB) and Terra Payment Services (UK) Limited (TerraPay) have officially signed a Memorandum of Understanding (MoU) to provide Student File Services to students aspiring to study abroad, making their higher study-related payments more convenient. The MoU exchange...

IFAD urges more rural investment in developing countries

2025-02-14 00:00:00

As the world grows increasingly fragmented and the future uncertain, global leaders and financiers at the 48th Governing Council of the International Fund for Agricultural Development (IFAD) have emphasised the strategic importance of investing in rural areas of developing countries...

Renata ships Cabergoline to UK for first time

FE REPORT | 2025-02-14 00:00:00

Renata exported the first consignment of Cabergoline 0.5mg tablets to the UK market, having received approval four months ago.This followed the launch of the generic drug in Australia in October last year, "highlighting the company's growing global presence," said the...

Lub-rref returns to profit in Q2 on lower costs

FE REPORT | 2025-02-14 00:00:00

Lubricant oil blender Lub-rref (Bangladesh) returned to profit in its second quarter of FY25 after incurring a loss in the first quarter. However, its profit escalated 92 per cent year-on-year in the October-December quarter of FY25 while revenue plunged 4.47...

Stocks up for 2nd week with hopes high after monetary policy

FE REPORT | 2025-02-14 00:00:00

Stocks stayed upbeat for two straight weeks, with the key index of the Dhaka Stock Exchange (DSE) crossing 5,200 on Thursday after three weeks amid renewed optimism.As the macroeconomic front improved and the central bank kept the policy rate unchanged...

Fakhruddin Ahmed: a legendary runner from yesteryear

Helal Uddin Ahmed | 2025-02-14 00:00:00

Man can only sail through life by riding the chariot of time, but he leaves behind golden memories of the past. This is the natural course for mankind. Despite that, man looks back at bygone times – in search of...

Dholaikhal, the machine hub

2025-02-14 00:00:00

Dholaikhal is one of Dhaka's most significant commercial and historical areas. Over time, it has transformed from a river into an industrial hub. This area is a major centre for manufacturing, renowned for producing industrial equipment, machinery, and car parts....

Improving train service

2025-02-14 00:00:00

As one of the country's primary modes of transportation, trains have long earned the trust of the general public. However, in recent times, frequent schedule disruptions, indefinite service suspensions, a shortage of trains, and declining service quality have made train...

AI agents in the workplace

2025-02-14 00:00:00

Artificial Intelligence (AI) agents are revolutionising the workplace by automating tasks, analysing vast amounts of data, and making intelligent decisions. Powered by machine learning and natural language processing, AI systems like ChatGPT enhance workplace communication, while autonomous robots improve efficiency...

Will counter-based bus operation fail again?

Shiabur Rahman | 2025-02-14 00:00:00

The authorities concerned, in partnership with private transport operators, recently launched counter-based ticket-selling bus service on a few routes in Dhaka city to provide commuters a safer and more comfortable experience by maintaining scheduled operations and preventing overcrowding and fare...

Bangladesh's corruption rank is unsurprising

Nilratan Halder | 2025-02-14 00:00:00

The common people in Bangladesh cannot help feeling unease at the yearly 'sobriquet' of one of the top corrupt countries in the world that hangs around its neck like the Ancient Mariner's dead albatross, courtesy of the Berlin-based Transparent International...

Diversification can meet post-LDC challenges

2025-02-14 00:00:00

The government's initiative to speed up export diversification in preparation for post-LDC challenges is a complex task requiring both persistent efforts and innovative approaches. A FE report says the relevant authorities are developing a strategy to maintain the competitiveness of...

Strengthening financial literacy in Bangladesh

Md Rashed Akter | 2025-02-14 00:00:00

Financial literacy is the ability to understand and effectively manage personal financial behaviour. It encompasses knowledge about budgeting, saving, investing, borrowing, and financial planning for the future of an individual. A financially literate person is able to make informed and...

Walton's free float surges to 30pc: What does it mean to investors?

BABUL BARMAN | 2025-02-13 12:00:00

Free float of Walton Hi-Tech Industries was 1.49 per cent even six months back. Then by January this year, the number of publicly tradable shares jumped to more than 30 per cent. The free float increased so quickly, as six...

There was traffic congestion in various parts of the city

2025-02-13 00:00:00

There was traffic congestion in various parts of the city, causing immense suffering for commuters. The photo was taken from the Shaheed Jahangir Gate area on Wednesday evening. — FE Photo by Asad-Uz-Zaman

This govt backed by legal means, people's will: HC

FE REPORT | 2025-02-13 00:00:00

The High Court has said that the interim government, led by Noble laureate Prof Dr Muhammad Yunus, is backed by legal instrument as well as by the will of the people of Bangladesh."It's pertinent to mention that the President of...

Laid-off Beximco workers to get due wages by Feb

FE REPORT | 2025-02-13 00:00:00

The government will pay all the due wages of over 27,000 laid-off workers of Beximco Group by this month (February), said Labour and Employment Adviser Brigadier General (retd) M Sakhawat Hussain on Wednesday."We want to clear the dues before Ramadan...

Danish recipe for BD labour market

FE REPORT | 2025-02-13 00:00:00

Bangladesh should organise its labour market, establish fair wages, ensure employment and social protection, and upskill the unskilled workers for successful reforms in its labour market.The suggestions came at a recent virtual view-exchange meeting of the Labour Reform Commission with...

Ramadan price hike feared as unloading at Ctg port delayed

NAZIMUDDIN SHYAMOL | 2025-02-13 00:00:00

CHATTOGRAM, Feb 12: A total of 269 lighterage ships carrying thousands of tonnes of imported goods have been floating in the sea and rivers in different parts of the country for several weeks, creating a crisis of such vessels at...

Consumers grappling with VAT overdose amid high inflation

FE REPORT | 2025-02-13 00:00:00

Consumers are struggling with rising taxes amid higher inflation, experts observed on Wednesday, criticising overuse of the indirect taxation, particularly VAT, which is disproportionately affecting lower- and middle-income groups.Besides, weak revenue collection raised concerns among the economists and business leaders...

Prayer Timings (2025-02-13)

2025-02-13 00:00:00

Nagad admin attacked 'with hammers'

FE REPORT | 2025-02-13 00:00:00

Muhammad Badiuzzaman Didar, the administrator of the mobile financial service provider Nagad, on Wednesday came under attack on Road Number 12 in the capital's Banani.The incident took place at about 4:30 pm after he said to the media that preliminary...