Day: October 13, 2024
Business Desk : Pran Dairy and US-based international organisation ACDI/VOCA have signed a deal to strengthen dairy development in Southern...
Business Report : The government has reinstated Grameen Bank’s tax exemption for the next five years, extending it until December 2029.The National Board of Revenue (NBR) issued a gazette on Thursday, confirming the reinstatement of Grameen Bank, founded by Nobel Laureate Prof Muhammad Yunus, now the chief adviser of the interim government.“This facility became effective the day the order was issued,” the notification said, signed by NBR Chairman Abdur Rahman Khan.However, Grameen Bank will still be required to submit annual...
Business Report : NCC Bank has launched four new SME products with new terms, considering the importance and contribution to the national economy of CMSME sector as well as with the aim of supporting CMSME entrepreneurs. These are “NCC Commercial Building Loan, NCC Commercial Vehicle Loan, NCC Supply Chain Finance and NCC Business Account”. Managing Director M. Shamsul Arefin and CEO of the Bank unveiled these products at SME Relationship Managers’ Meet held at the head office in the capital...
Business Report : Khatunganj’s glorious heritage in Chattogram should be brought back by any means, Liberation War Affairs Adviser Farooq-e-Azam...
Business Report : Chinese Ambassador Yao Wen to Bangladesh said China is looking forward to working closely with Bangladesh to...
AFP : JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.But while the bank sees the US economy as “resilient,” CEO Jamie Dimon offered a bracing geopolitical outlook, calling conditions “treacherous and getting worse.”The US banking giant enjoyed increases in revenues for equity trading as well as higher fees for asset management and investment banking. However, costs tied to...
AFP : The IMF approved reforms on Friday that will lower members’ borrowing costs by 36 percent and lift eight indebted countries out of the requirement to pay more to borrow money.The suite of changes agreed to by the International Monetary Fund’s executive board include adjustments to the surcharges paid by countries with high levels of debt, like Ukraine and Argentina, the Washington-based institution announced in a statement.The reforms, which come into effect on November 1, will raise the threshold...
AFP : China said Saturday it will make $325 billion in fiscal support available to its economy over the next...
AFP : Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter...
The recent political upheaval in Bangladesh, where Prime Minister Sheikh Hasina’s government was toppled following widespread student protests, has sparked significant debate across South Asia. This unexpected shift in power has not only altered Bangladesh’s political landscape but also has implications for regional stability, especially for Pakistan. Sheikh Hasina’s administration was known for its strong anti-Pakistan stance, often used to consolidate domestic power. The fall of her government could lead to a recalibration of Bangladesh’s foreign policy, possibly opening avenues...