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Predictable, credible fiscal policy vital to revive investment climate

Business leaders, foreign investors and economists on Sunday said Bangladesh needs a predictable, transparent and credible fiscal policy, along with efficient public expenditure, to revive its investment climate and restore confidence among both domestic and foreign investors.They also stressed the need to prioritise infrastructure development and human capital to improve...

TotalEnergies refinery working full tilt to keep France fuelled

GONFREVILLE-L'ORCHER, France, April 26 (AFP): A maze of over 40,000 kilometres (25,000 miles) of pipes located at the mouth of the Seine where it spills into the Channel, the TotalEnergies refinery is working full throttle to keep planes flying and trucks running.Halfway up a 40-metre-high metal tower, the head of...

Meghna Bank signs agreement with Titas Gas Transmission and Distribution

Meghna Bank signs agreement with Titas Gas Transmission and Distribution Meghna Bank PLC has signed an agreement with Titas Gas Transmission and Distribution PLC for gas bill collection through all Meghna Bank branches. Syed Mizanur Rahman, Managing Director of Meghna Bank, and Md. Lutful Haider Masum, Company Secretary of Titas...

BD seeks Swiss investment in service sector, support for LDC extension

FE REPORTCommerce Minister Khandaker Abdul Muktadir on Sunday invited Switzerland to invest in Bangladesh's service sector to strengthen relations between the two countries.He also asked the Swiss government to support Bangladesh's request for a three-year extension in its LDC graduation process.The issues were discussed at a meeting with Swiss Ambassador...

Community Bank forms strategic partnership with Limerick Distribution-

Community Bank forms strategic partnership with Limerick DistributionCommunity Bank Bangladesh PLC and Limerick Distribution Ltd (LDL) have signed a Memorandum of Understanding (MoU), marking a significant milestone in strengthening financial support for Micro, Small, and Medium Enterprises (MSMEs) across Bangladesh. Kimiwa Saddat, Managing Director (Current Charge) of the bank, signed...

NBR expands digital tax system to boost compliance, cut discretion

FE ReportChairman of the National Board of Revenue (NBR) Abdur Rahman Khan said that they have gradually been adopting information technology to improve compliance, expand the tax base and reduce human discretion in revenue administration. "With digital data, we can analyse taxpayer behaviour and assess the likely impact of policy...

NRB Bank inks agreement with OFSS, Data Edge Limited

NRB Bank inks agreement with OFSS, Data Edge Limited NRB Bank has signed an agreement with Oracle Financial Services Software (OFSS) and its local partner, Data Edge Limited, to upgrade its core banking system to Oracle FLEXCUBE UBS Version 14.8. The agreement was signed recently at a ceremony in Dhaka,...

Al-Arafah Islami Bank holds Hajj Management Exchange Meeting in Chattogram-

Al-Arafah Islami Bank holds Hajj Management Exchange Meeting in ChattogramAl-Arafah Islami Bank has recently held a meeting with leading hajj agencies at a hotel in Chattogram recently with the aim of enhancing the excellence of banking services in hajj management. Managing Director and CEO of the bank Mohd. Rafat Ullah...

Japan inflation cools demand for vending machine drinks

TOKYO, April 26 (AFP): From post offices and parks to stations and even the summit of Mount Fuji, Japan's vending machines are ubiquitous. But with the rapid pace of inflation cooling demand for their drinks, operators are being forced to rethink the business.Last month beverage giant DyDo Group Holdings announced...

US Fed set to hold rates steady again on cost hikes

WASHINGTON, United States, April 26 (AFP): The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy prices stay high and supply chains snarled due to war in the Middle East.The Federal Reserve's two-day meeting, starting Tuesday, could be chairman Jerome...