Business

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank’s next chief executive. The new boss will take the helm on September 2, the bank said, as it looks to push on with a transformation undertaken by current CEO Noel Quinn, who announced his shock retirement in April, reports AFP. “I am delighted to confirm Georges as the ...

The SAARCFINANCE Seminar on “Trading in Local Currencies: Problems and Prospects for the SAARC Countries” was held at a hotel in Chattogram under the auspicious of the SAARCFINANCE Wing, Research Department of Bangladesh Bank on Friday last. The inaugural session was graced by Abdur Rouf Talukder, Governor of Bangladesh Bank, as chief guest. Dr. Md. Khairuzzaman Mozumder, Secretary of the ...

Europe’s main stock markets dropped at the start of trading on Monday following losses in Asia. London’s FTSE 100 index shed 0.7 percent to 8,193.15 points. In the eurozone, the Paris CAC 40 index retreated 0.7 percent to 7,668.32 points and Frankfurt’s DAX fell 0.2 percent to 18,705.85.

Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged due to mainly price fall in large-cap securities. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.99 points or 0.44 percent to 5,482.79. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, ...

The Bangladesh Bank (BB) will publish the monetary policy statement (MPS) for the first half (July-December period) of FY 2024-25 online on Thursday (July 18). Breaking the tradition of announcing it through a formal press conference, Bangladesh Bank has decided to release the MPS through an online update. The primary goal of the upcoming monetary policy this time will be ...

A Russian passenger plane with only crew on board has crashed near Moscow, Russia’s emergencies ministry says. It says the Sukhoi Superjet 100 went down in a forest, and all three crew members are believed to have been killed. There were no passengers on board. Russia’s state-run media report that the plane went down during a test flight following repair ...

Barobi Design, the exclusive distributor of luxury and innovation in bathware, proudly hosted the launch of Jomoo’s latest collection of intelligent and luxury bathware solutions at their flagship store in Banani. This launch event, which drew industry leaders, designers, and luxury lifestyle enthusiasts, celebrated Barobi Design’s extensive portfolio, which includes the esteemed UK sanitaryware brand Bagnodesign, the high-end Polish tiles ...

Chittagong Chamber of Commerce and Industry (CCCI) and International Chamber of Commerce-Bangladesh (ICC-B) organized a table meeting titled ‘Digitalizing International Trade of Bangladesh’ at Bangabandhu conference hall at World Trade Center on Wednesday. CCCI President Omar Hazzaz said that Bangladesh is the 35th economy in the world. As a result, Bangladesh’s international import-export trade with various countries worldwide is increasing. ...

Planning Minister Major General (retd) Abdus Salam Wednesday expressed his hope that Japan would stand beside Bangladesh towards enhancing capacity for implementing the country’s upcoming 9th Five Year Plan, Perspective Plan and in other areas. The planning minister said this when Japanese Ambassador to Bangladesh IWAMA Kiminori made a courtesy call on the minister at the latter’s office in the ...

The Benapole Custom House fetched a record Taka 6,164.59 crore revenue in the last fiscal year (FY24) which was also Taka 216.59 crore higher than the fiscal target of Taka 5,948 crore. The revenue collection from the Benapole Custom House is also 6.53 percent or Taka 378.36 crore higher than the previous fiscal year FY23. The revenue collection from the ...