The finance ministry has decided that it will not provide any more funds to the state-run Investment Corporation of Bangladesh (ICB) for loan repayment purposes.The decision has been reached following the ICB's disclosure of a record annual loss of over Tk 12 billion in FY25, even after the organisation received...
Read moreThe benchmark index of the Dhaka bourse declined on Thursday, ending a four-day rally that added nearly 200 points, as cautious investors locked in profits and moved to a wait-and-see stance.The DSEX of the Dhaka Stock Exchange (DSE) edged down 0.66 per cent to 4,869.01 points.Before losing 32.37 points on...
Read moreThe introduction of a commodity exchange is essential to upgrading the country's capital market, said Amir Khosru Mahmud Chowdhury.The standing committee member of the Bangladesh Nationalist Party made the remark at a view-exchange meeting as the chief guest.Bangladesh's capital market has yet to reach its desired potential. Banks operate by...
Read moreMd. Sekander-E-Azam joined Southeast Bank as deputy managing director (DMD) on Thursday.Prior to joining the bank, he was in United Commercial Bank (UCB) as senior executive vice president & head of branch distribution channel, according to a press release.He started his career in 1998 with Eastern Bank as senior officer....
Read moreThe Anti-Corruption Commission (ACC) has launched an investigation into an alleged stock market manipulation and money laundering scheme that spans billions of taka. The case centres on Md Abul Khayer, known as Hiru, a deputy registrar at the Department of Cooperatives in Dhaka, who is accused of abusing his official...
Read moreMutual Trust Bank (MTB) and upay have jointly launched the MTB Islamic DPS, a fully digital and Shariah-compliant solution that allows customers to open Islamic DPS accounts instantly through the upay app - without any paperwork or branch visit. The launching ceremony was attended by MTB Managing Director & CEO...
Read moreAl-Arafah Islami Bank has inaugurated "Ababil NG (Next Generation)" core banking system training through its internal project Nebula. The bank's Managing Director Mohd. Rafat Ullah Khan inaugurated the training programme as the chief guest on Wednesday. As a result, the bank's daily operations are expected to be faster, easier and...
Read moreCHATTOGRAM, Nov 20: Western Marine Shipyard Ltd, a leading shipbuilder, has exported three more ships to the UAE. The three landing craft vessels named 'Maya', 'Emy' And 'Muna' were handed over to Marwan Shipping Ltd during a delivery ceremony held at the company's facility in Patiya on Thursday.Abdulla Ali Abdulla...
Read moreA bilateral agreement was signed between the Sarkari Karmachari Hospital and the Bangladesh Parjatan Corporation (BPC) on Thursday for the proper management and quality services at the cafeteria of the 500-bed hospital located in Fulbaria, Dhaka. Under the agreement, Parjatan Corporation will serve as the management operator of the cafeteria...
Read moreThe 31st Annual General Meeting (AGM) of Gas Transmission Company Limited (GTCL) was held at the boardroom of the company's head office in Dhaka on November 17.Dr. Mohammad Hafizur Rahman Bhuiyan, Chairman of the GTCL Board of Directors, presided over the meeting. The meeting was attended by the company's shareholders,...
Read moreISLAMABAD, Nov 20 (AFP): Pakistan will receive a $330 million loan to upgrade its energy grid, which will help hydropower reach major cities, the Asian Development Bank said Thursday.The country of 250 million faces chronic power outages, soaring electricity costs and a ballooning circular debt in the power sector that...
Read moreRIYADH, Nov 20 (Arab News): Saudi Arabia's Ministry of Municipalities and Housing has launched a new "Real Estate Stimulus" program aimed at boosting sector sustainability, unlocking investment opportunities and accelerating development across the Kingdom. Minister Majid Al-Hogail unveiled the initiative, which is designed to convert land into high-quality development prospects...
Read moreWASHINGTON, Nov 20 (Agencies): The US trade deficit fell by nearly 24 per cent in August as President Donald Trump's sweeping global tariffs pushed imports lower.In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the gap between what...
Read moreZURICH, Nov 20 (Reuters): Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of US infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday.The expansion is projected to create 700 new positions at...
Read moreMELBORN YORK, Nov 20 (Reuters): HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand (NZ), effective January 1, 2026, a company spokesperson said on Thursday.Hughes, who joined HSBC in 2015, has led the wholesale banking division for Australia and New Zealand since January...
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