Business

State Minister of Ministry of Posts, Telecommunications, and Information Technology Zunaid Ahmed Palak on Saturday said a meeting to discuss the restoration of mobile internet 4G services will be held on Sunday. The state minister shared the information while addressing an event held at Agargaon in the capital marking 54th birthday of Sajeeb Wazed Joy. He said the Ministry of ...

Bangladesh Telecommunication Regulatory Authority (BTRC) has said that mobile internet services may be restored early next week. Mohiuddin Ahmed, chairman of the organization, said on Friday that testing is still going on regarding the restore of mobile internet. He said, the transmission lines and data centers that have been repaired, how the impact is and as the pressure on the ...

Bangladesh Bank has lent around Tk 25,521 crore to commercial banks and financial institutions to meet cash demands on Wednesday. Shariah-based banks have borrowed around Tk 1500 crore, while other banks and financial institutions have borrowed the rest. The central bank shared the information in a press release on Thursday. Banks faced tremendous cash withdrawal pressure on Wednesday when they ...

European stock markets tumbled at the open on Wednesday following mixed corporate earnings reports. London’s FTSE 100 dropped 0.4 percent to 8,136.64 points while the Paris CAC 40 sank 1.2 percent to 7,511.57 and the Frankfurt DAX shed 0.8 percent to 18,416.71, AFP reports. After Wall Street indices closed in the red on Tuesday, Tesla reported that its profits fell ...

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 ...