AFP, Hong Kong : Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell...
Business Report : The National Board of Revenue (NBR) has allowed importers to take delivery of over 1,850 containers from Pangaon Inland Container Terminal in Dhaka to reduce congestion at the Chattogram port.The customs administration said the import containers were destined for the Inland Container Depot at Kamalapur in Dhaka through railways, it said in a statement on Monday.However, rail communication remained suspended following a deadly protest centring the government job quota reform movement and the subsequent ousting of the...
Business Report : LankaBangla Finance PLC, one of the country’s leading non-banking financial institutions, has announced plans to expand its business by introducing Islamic Shariah-based financing. The decision was taken during the company’s 153rd Board of Directors meeting held today and now awaits approval from all relevant regulatory authorities. The introduction of Islamic finance will require amendments to the company’s Memorandum and Articles of Association. As part of the process, LankaBangla Finance has already called for an Extraordinary General Meeting...
Business Desk : Republic Insurance Company experienced an 11.35% increase in premium income during the second quarter (April to June) of 2024 compared to the same period in 2023. Specifically, its premium income rose to Tk13.74 crore in 2024, up from Tk12.34 crore in the previous year.However, the company’s profitability was impacted by a sharp rise in claims payments. During the second quarter of 2024, Republic Insurance paid Tk2.41 crore in claims, a substantial increase from the Tk55 lakh in...
Business Report : The country’s renowned supershop brand Meena Bazaar launched its 44th outlet on Sunday at Ibrahimpur Bazar road...
Business Report : Deshbandhu Group, one of the proinent industrial companies of the country, stands by with relief materials to...
Business Report : The 23rd Annual General Meeting (AGM) of Islamic Finance and Investment Limited (IFIL) was held through Hybrid...
Business Report : The ‘Single Point of Online Services for Members and Other Stakeholders’ was launched by the Institute of Chartered Accountants of Bangladesh (ICAB) on Sunday at the ICAB auditorium. ICAB President Mohammed Forkan Uddin delivered an address of welcome while Vice President and Convener of the project ‘Single Point of Online Services for Members and Other Stakeholders’ Maria Howlader elaborated the software system. ICAB Vice President MBM Lutful Hadee, Immediate Past President Md Moniruzzaman and CEO Shubhashish Bose...
REUTERS : Bank of China (601988.SS) Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to a filing released by the bank on Sunday.Bank of China (BOC) did not immediately reply to a request for comment. Liu could not be immediately reached for comment.Liu, born in 1967, was named as president of the bank in April 2021....
Business Report : The Bangladesh Bank has dissolved the board of directors of the Social Islami Bank Limited (SIBL).The central...