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

Regulator to consider brokers' plans to solve negative equity

The securities regulator has assured stockbrokers of considering their proposal with 'importance' regarding extension of the timeframe for provisioning against negative equity and unrealized losses.The assurance came on Tuesday as representatives from top 20 brokers met the top brass of the Bangladesh Securities and Exchange Commission (BSEC) at its office...

Submarine Cables' profit up 18pc in Q3 despite earnings dilution

Bangladesh Submarine Cables' profit grew 18 per cent year-on-year to Tk 478 million in the third quarter (Q3) through March this year, mainly due to higher revenue and lower operating expenses.The state-run entity's diluted earnings per share (EPS) stood at Tk 2.33 for January-March, up from Tk 1.99 for the...

Regulator to probe ADN Telecom's IPO fund utilisation

The stock market regulator has formed a three-member panel to look into the IPO (initial public offering) fund utilisation of ADN Telecom, particularly in land development and investment in Hi-Tech Park.The panel led by Md Mustafizur Rahman, deputy director of the Bangladesh Securities and Exchange Commission (BSEC), has been asked...

CAB urges crackdown on soybean oil syndicate

Consumers Association of Bangladesh (CAB) on Tuesday urged the government to take strict action against the Soybean oil syndicate as 'edible oil is going beyond the reach of consumers due to the manipulation of syndicates' in the domestic market.In a statement, the organisation said an old syndicate, active again since...

Dhaka to get $6.26m loan from Korea for maritime project

The government on Tuesday signed a supplementary loan agreement with the Korea Eximbank on a maritime project involving USD 6.26 million, reports UNB.The funding will go toward the Establishment of Global Maritime Distress and Safety System (GMDSS) and Integrated Maritime Navigation System (IMNS) Project.The money comes from Economic Development Cooperation...

PUBALI BANK SECURITIES HOLDS 15TH ANNUAL GENERAL MEETING

The 15th annual general meeting of Pubali Bank Securities Limited (PBSL) was held at the board room of Pubali Bank's head office through the hybrid method (both physically and virtually). Md. Abdur Razzak Mondal, chairman of PBSL board, presided over the meeting.

MODHUMOTI BANK SIGNS AGREEMENT WITH CITY UNIVERSITY

Modhumoti Bank recently signed an agreement with City University at the bank's head office in Gulshan, Dhaka. Mr. Md. Shafiul Azam, managing director and CEO of Modhumoti Bank, and Prof. Mir Akhter Hossain, registrar of City University, exchanged the agreement copy. Under this agreement, Modhumoti Bank will collect the tuition...

SHAHJALAL ISLAMI BANK HOLDS RISK MANAGEMENT COMMITTEE MEETING

The 69th meeting of the Risk Management Committee (RMC) of Shahjalal Islami Bank PLC was held at the bank's Corporate Head Office on Tuesday. The meeting was presided over by Md Towhidur Rahman, Chairman of the Risk Management Committee. Among others, Director of the Bank and Member of the Committee...

JANATA BANK TRAINING COURSE BEGINS

Managing Director of Janata Bank PLC Md Mazibur Rahman inaugurated a 15-day training course on 'Foreign Exchange and International Trade Finance' at the Janata Bank Staff College Dhaka on Sunday. A total of 25 officers participated in the course.

Social Islami Bank holds Shari'ah Supervisory Committee meeting

The Executive Committee meeting of the Shari'ah Supervisory Committee of Social Islami Bank was held at the bank's head office on Tuesday. The meeting was presided over by Acting Chairman of the Shari'ah Supervisory Committee Mufti Abdullah Masum. Members of the Shari'ah Supervisory Executive Committee -- Dr. Md. Rafiqul Islam,...

Indian economy less vulnerable to global headwinds, says cenbank

MUMBAI, April 22 (Reuters): India's economy is relatively less vulnerable to global headwinds, and calibrated policy support could help the country turn current volatility into an opportunity, the Reserve Bank of India said in its April bulletin released on Tuesday."Although the dampening global economic outlook could impact India's economic growth...

Vietnam clamps down on fraud on US exports

HANOI, Apr 22 (Reuters): Vietnam's trade ministry has issued a directive to crack down on illegal transhipment of goods to the United States and other trading partners as it tries to avoid steep US tariffs, according to a document reviewed by Reuters.The ministry in the directive, which was dated and...

US to impose new duties on solar imports from Southeast Asia

WASHINGTON, April 22 (AFP): The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector.The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still...