Finance News: Latest Financial News, Finance News today in Bangladesh

Protection Fund to compensate clients of scam-hit brokers

The Investors' Protection Fund (IPF) of the Dhaka Stock Exchange (DSE) will disburse for the first time Tk 250 million to compensate investors, who fell victim to scams committed by four brokers. In a directive signed on Sunday, the Bangladesh Securities and Exchange Commission (BSEC) asked the Dhaka bourse to...

Ownership transfer of 38pc stake in Ring Shine gets regulator's nod

The stock market regulator has conditionally allowed Wise Star Textile Mills and five Singapore-based private companies to take over troubled Ring Shine Textiles.The Bangladesh Securities and Exchange Commission (BSEC) approved of a proposal put forward by Wise Star for transfer of 190.03 million shares of Ring Shine Textiles, including those...

IFIC Bank remittance roadshow held in New York

‘IFIC Bank Remittance Road Show’ has been organised in different areas of New York, United States to increase the flow of remittances to Bangladesh through legitimate banking channels. The four-day roadshow was held from September 24 to September 28 in Queens, Jamaica, Bronx and Brooklyn in New York City, said...

BSEC working to ensure transparency in MF sector: seminar

The Bangladesh Securities and Exchange Commission (BSEC) is working to ensure transparency and accountability in the mutual fund sector. "The commission is strict in ensuring compliance with accounting standards to restore investors' confidence in the mutual fund sector," said Dr. Mizanur Rahman, one of the commissioners of the securities regulator...

SCB Board meeting held

The 12th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term of 2022 and 2023 was held at its office in Dhaka on Thursday, with its Chairman Md. Rezaul Karim in the chair, says a press release.The meeting approved the minutes of the previous...

bKash, Bishwo Shahitto Kendro jointly expand book-reading programme

Bishwo Shahitto Kendro, in association with bKash, has recently expanded its book-reading programme by distributing books to the students of 14 schools in Chattogram, Chuadanga, Narail and Dinajpur districts. This year, a total of 33,600 books will be distributed among the students of different schools across the country. Under this...

Aviva Finance gets new AMD

Aviva Finance, one of the leading non-bank financial institutions, has appointed M. Mostafiduzzaman as its new Additional Managing Director (AMD) recently. With a proven track record of driving growth and innovation in both banking and NBFI sectors, Mostafiduzzaman brings a wealth of experience and expertise that will undoubtedly propel Aviva...

Southeast Bank organised in-house conference

Southeast Bank organised an in-house conference titled "Development of creativity & innovation in organisational service delivery: Successful case study from financial & banking sector in Bangladesh" on Monday. The event featured a keynote by Professor Dr Musleh Uddin Ahmed, former vice-chancellor of Shahjalal University of Science and Technology (SUST). Nuruddin...

Md Abdus Salam, additional managing director of Jamuna Bank

Md Abdus Salam, additional managing director of Jamuna Bank Limited and chairman of the bank's Sustainable Finance Committee, received the 'Sustainability Rating - 2022' award at the closing ceremony of a day-long conference titled 'Sustainable Banking and Finance' organised by the Bangladesh Institute of Bank Management (BIBM) recently. At the...

Winners of 'Bangabandhu Industrial Award-2022'

Winners of 'Bangabandhu Industrial Award-2022' pose with President Mohammed Shahabuddin at the award ceremony held at Osmani Memorial Auditorium in Dhaka on Tuesday. — PID

Agrani SME Financing Company --

Agrani SME Financing Company Limited, a subsidiary of Agrani Bank Limited, has been selected for the 'Sustainability Rating-2022'. MD and CEO of the company Md Rafiqul Islam received the 'Sustainability Rating-2022' award from Economic Relations Division Secretary Sharifa Khan at the closing ceremony of a conference titled 'Sustainable Banking and...

255th board audit committee meeting of Shahjalal Islami Bank held

The 255th meeting of the board audit committee of Shahjalal Islami Bank Limited was held recently at the bank's corporate head office. The meeting was presided over by Ekramul Hoque, chairman of board audit committee of the bank. Director Md Sanaullah Shahid was present as special guest while Managing Director...

Banks behind 70pc jump in greenwashing incidents in 2023: Report

LONDON, Oct 3 (Reuters): The number of instances of greenwashing by banks and financial services companies around the world rose 70 per cent in the past 12 months from the previous 12 months, a report on Tuesday showed.European financial institutions accounted for most of those instances, and much of the...

GM, Ford furlough another 500 workers due to strike

General Motors and Ford Motor on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day, reports Reuters.Separately, the UAW confirmed it presented a new contract offer to...

Tesla misses estimates for quarterly deliveries

Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts, reports Reuters.Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to...