Day: April 8, 2024
UNB: In a significant development within Bangladesh’s banking sector, BASIC Bank is set to merge with City Bank, following a decision made during a Monday meeting between Bangladesh Bank Governor Abdur Rouf Talukder and top officials from City Bank. The meeting saw the presence of Aziz Al Kaiser, Chairman of City Bank, and Mashrur Arefin, the bank’s Managing Director and CEO, discussing the future of this strategic consolidation with the central bank’s governor. A source from the central bank revealed...
NN Online Report: Prime Minister Sheikh Hasina today called upon Brazil to directly import readymade garments (RMG) from Bangladesh. “RMG goods from Bangladesh is being exported to Brazil on a limited scale through a third party. It will be more affordable for Brazil if the country directly imports RMG items from Bangladesh,” she said. The prime minister made the remarks when a delegation of Brazil led by its Foreign Minister Mauro Vieira paid a courtesy call on her at her...
UNB: Three more solar power plants in private sector are under process to get the approval from the government. According...
Business Report : The government is set to increase its recurrent expenditure from 8.7 per cent of the Gross Domestic Product (GDP) in the current fiscal year 2023-24 to 9 per cent in 2024-25, with a further rise to 9.5 per cent in 2025-26. This projection marks a notable increase, according to the Finance Division of the Ministry of Finance. Over the past five years, the recurrent expenditure averaged 7.4 per cent of GDP, highlighting a significant upward trend in...
Staff Reporter : The main opposition party, the BNP, has accused armed organisations from other countries of attacking the country....
Entertainment Report : This upcoming Eid-ul-Fitr, audiences’ over bound excitement is even higher with Shakib Khan and American actress Courtney...
Barishal Correspondent : At least 31 business establishments were gutted in a massive fire at Mahipur fishing port under Kalapara upazila in Patuakhali on Friday night. The fire incident took place at Mohipur, the country’s second largest fishing port, on Friday (April 5) around 9 pm. In this incident, the damage of 3 crore rupees has been initially determined by the affected fishing and fishing trade association. According to sources, shortly after the fire started from an electrical short circuit...
Business Desk : BAT Bangladesh has recently appointed Syed Afzal Hossain the Company Secretary and Senior Legal Counsel. He has seven years of experience in corporate practice and more than 12 years in litigation. His areas of expertise include telecommunication, banking and finance, VAT and Tax, corporates, power and energy, labour and employment. Proficient in both domestic and international commercial arbitrations, Mr. Afzal Hossain started his journey at BAT Bangladesh in 2017 as the Litigation and Commercial Counsel, said a...