FE REPORT | 2024-08-19 00:00:00
Bangladesh Financial Intelligence Unit (BFIU) has frozen the bank accounts of former Additional Deputy Commissioner of Dhaka Metropolitan Police (DMP) Harun-or-Rashid and his wife Shireen Akter.BFIU, the financial intelligence agency of the Bangladesh Bank, on Sunday issued a letter to...
A total of 626 people, including members of the deposed Awami League government, took shelter in different cantonments of the country after the government collapsed on August 5, according to ISPR on Sunday.Following a significant political shift when the law...
FE REPORT | 2024-08-19 00:00:00
Bangladesh Nationalist Party (BNP) will provide all sorts of cooperation for treatment of those injured in the anti-quota student movement.BNP standing committee member Dr Zahid Hossain made the announcement after visiting the injured persons admitted to the National Institute of...
FE REPORT | 2024-08-19 00:00:00
Dhaka city witnessed nagging traffic congestion and commuters faced immense suffering as a number of organisations held rallies and formed human chains blocking important roads and intersections on Sunday to press home their various demands.Besides, closure of metro rail service...
MONIRA MUNNI | 2024-08-19 00:00:00
Bangladesh's ready-made garment (RMG) export to the European Union registered about a 5.0-percent year-on-year negative growth during the first half of this year.It fetched 8.72 billion euro from RMG exports to the EU during January-June period of 2024 compared to...
FE REPORT | 2024-08-19 00:00:00
Scrap quick-fix power laws and capacity payment to cure crises and drain on public finance, policy think-tank CPD suggests while presenting to the interim government its energy-sector overhaul plan. The Centre for Policy Dialogue (CPD) Sunday placed a package of...
FE REPORT | 2024-08-19 00:00:00
The government has raised the ceiling for its emergency borrowing tools by 50 per cent to manage fiscal deficits amid poor resource mobilisation, according to an official document, as economists warned that this could exacerbate inflationary discomfort. There are two...
FE REPORT | 2024-08-19 00:00:00
The government has appointed Khondoker Rashed Maqsood, a banker, as chairman of Bangladesh Securities and Exchange Commission (BSEC).The Financial Institutions Division (FID) under the Ministry of Finance on Sunday issued a circular to this effect.At the same time, the FID...
FE REPORT | 2024-08-19 00:00:00
All negotiations, selections, and purchasing processes of all power-and energy projects halt as the much-talked-about quick-solution law gets under the axe as part of reforms kick-started by the interim government. Interim government's new adviser for power and energy, and road...
FE REPORT | 2024-08-19 00:00:00
More murder cases have been filed with different police stations across the country against ousted Prime Minister Sheikh Hasina, her cabinet members and police officials for killing protesters of the quota reform movement. A case was filed against Sheikh Hasina...
FE REPORT | 2024-08-19 00:00:00
Newly appointed Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan said he personally considers the black money whitening scheme "totally unacceptable" and it is "indecent and unfair" to regular taxpayers."Not as the NBR chairman, but my...
FE REPORT | 2024-08-19 00:00:00
Free, fair and participatory polls will be held on completion of the interim government's mandate to conduct vital reforms in election commission, judiciary, civil administration, security forces and the media, says Chief Adviser Muhammad Yunus. The head of interim government...
FE REPORT | 2024-08-19 00:00:00
A banking commission is around the corner as part of a series of reforms spearheaded by the interim government to bring stability and good governance in the country's reeling financial sector.Banking commission is a longstanding demand of economists for salvaging...
Canada's main stock index ended higher on Friday as investors globally cheered recent signs of US economic resilience and record high gold prices boosted metal mining shares, with the index notching its biggest weekly advance of the year, reports Reuters.The...
ARENDAL, Norway, Aug 18 (Reuters): Companies need to do more to get to grips with AI at board level to govern how it is being used and to minimise risks, a top official at Norway's $1.7 trillion sovereign wealth fund,...
MUMBAI, Aug 18 (Reuters): The head of India's markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters.Hindenburg Research has...
NEW YORK, Aug 18 (Reuters): Hopes for an economic soft landing are once again powering US stocks, opens new tab higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month.The S&P 500 has rebounded more than...
WASHINGTON, Aug 18 (Reuters): Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the US Commerce Department towards the construction of three new facilities, the latest government outlay aimed at bolstering domestic chip production.The...
RIYADH, Aug 18 (Arab News): Jordan's industrial sector has made a significant contribution to the nation's economy, accounting for 21.7 per cent of the gross domestic product in the first quarter, data showed.This achievement highlights the effectiveness of the government's...
RIYADH, Aug 18 (Arab News): Saudi-based Al-Etihad Cooperative Insu-rance Co. has been awarded an A3 financial strength rating by Moody's, reflecting the firm's strong market position in the Kingdom. Moody's attributed the A3 rating to Al-Etihad's solid asset quality, strong...
Standard Bank Learning Centre organised a daylong training on 'Understanding UCP & ISBP' for Foreign Trade officials of the bank on Saturday. Mohammad Mohon Miah, Managing Director & CEO (Acting) of the bank, inaugurated the training as the chief guest...
FE REPORT | 2024-08-19 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday requested the interim government to ensure safety and security of businesses to maintain economic growth. During a courtesy call on newly appointed Home Adviser Lt. Gen. (Retd.) Jahangir...
SYLHET, Aug 18 (UNB): Shahjalal Fertiliser Company Limited (SFCL) in Sylhet resumed production partially on August 06 after around five months of closure due to gas crisis.The factory restarted operations following the collapse of the Sheikh Hasina-led government on August...
Shahjalal Islami Bank PLC has signed a remittance drawing agreement with the US based remittance company, Atlantic Xchange LLC, at the bank's Corporate Head Office. The bank's Managing Director Mosleh Uddin Ahmed and the remittance company's Managing Director & President...
Southeast Bank PLC has held its monthly "Business Review Meeting," presided over by the bank's Managing Director Nuruddin Md Sadeque Hossain. The meeting focused on reviewing the bank's recent business performance, with a strong emphasis on leveraging the latest technology...
Alhajj Salim Rahman has been selected for the role of chairman at the Al-Arafah Islami Bank.He was elected unanimously in the 403rd board meeting of the bank, which took place on Sunday.Rahman, the son of Alhajj Khalilur Rahman, hails from...
MUMBAI, Aug 18 (Reuters): The Indian central bank has told banks that deal with the United Arab Emirates (UAE) to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking sources.The...
FE REPORT | 2024-08-19 00:00:00
Stocks ended lower on Sunday as cautious investors chose to liquidate their holdings, worried over a probable shift in market momentum.The prime index of the Dhaka Stock Exchange (DSE) fell 125.19 points to settle at 5,778.64.The premier bourse of the...
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