Revised IPO rules block short-lived firms from public fundraising
The revised initial public offering rules have curtailed the scope for raising equity funds by companies with limited operational lifespans, such as rental power plants.The rules define eligible companies for public fundraising as those established with the prospect of perpetual business operations as going concerns.The market watchdog brought the much-needed...
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DSEX hits one-month low as Middle East tensions weigh on market
The benchmark index of the Dhaka Stock Exchange (DSE) tumbled to a one-month low on Sunday, as persistent global geopolitical tensions continued to erode investor confidence.The market has been under sustained pressure since the outbreak of the Middle East war on February 28, with jittery investors offloading holdings amid fears...
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Prime Bank declares 30pc dividends for 2025
Prime Bank has announced a 30 per cent dividend for 2025, comprising 25 per cent cash and 5 per cent stock, according to a press release.It has also introduced consumer loans against Treasury bonds, which it said marks a significant development in the country's banking and financial services sector.The decision...
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BKMEA seeks review of labour law amendments
The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Sunday urged the government to review several provisions of the recently amended labour law, including the definition of workers and employees, collective bargaining agents (CBA), and the formation of provident funds."The revised definition of workers and employees in the Bangladesh Labour...
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Youngone awards scholarships to CIU students
CHATTOGRAM, Apr 05: Youngone Corporation has awarded scholarships to students of Chittagong Independent University (CIU) under its academic excellence programme.The award ceremony, held at the Youngone Corporation Auditorium at Korean Export Processing Zone (KEPZ) in Anwara on Friday, marked the formal recognition of selected students under the "Youngone Corporation-CIU Academic...
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Inflation in focus for markets jostled by Middle East war signals
NEW YORK, April 5 (Reuters): A fresh read on inflation and initial company results next week could start to show the Middle East war's effects on the US economy and corporate America, as investors hope to start moving past a conflict that has consumed markets.Traders were wrestling with conflicting signals...
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EBL, SHANTA LIFE LAUNCH BANCASSURANCE PRODUCTS
Eastern Bank (EBL) and Shanta Life Insurance launched bancassurance products and services at a ceremony held at EBL head office in Dhaka on Thursday. The initiative enables the bank's customers to access life insurance products directly through banking channels. Ali Reza Iftekhar, managing director, and M. Khorshed Anowar, DMD, from...
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CITIZENS BANK ORGANISES QUARTERLY BUSINESS REVIEW MEETING
Citizens Bank organised its quarterly business review meeting of March on Saturday at its head office in Motijheel, Dhaka. The meeting was held to assess the performance in the first quarter of 2026 and set strategy for addressing current business challenges and meeting business targets for the remaining of 2026....
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MTB FOUNDATION CELEBRATES WORLD AUTISM AWARENESS DAY 2026
To commemorate the 'World Autism Awareness Day 2026', MTB Foundation in partnership with PFDA - Vocational Training Centre Trust (PFDA-VTC), recently celebrated this year's theme - 'Autism and Humanity - Every Life Has Value'. The event was organised at the PFDA-VTC premises in the presence of Samia Chowdhury, chief executive...
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ICMAB CELEBRATES INTERNATIONAL WOMEN'S DAY
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) celebrated International Women's Day 2026 with a programme at the ICMAB Ruhul Quddus Auditorium, ICMA Bhaban, in the city on Saturday. The event was held under the theme: "Give to Gain - Invest in Women, Empower the Future". Md. Kausar...
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KARMASANGSTHAN BANK HOLDS BUSINESS REVIEW MEETING --
As part of the 90-day special programme undertaken by Karmasangsthan Bank, the Business Review Meeting-2026 was held at CSS Ava Centre in Rupsha, Khulna, on Sunday. Managers and 2nd officers of 28 branches under Khulna and Jessore regions of the Khulna Divisional Office attended the meeting. Dr A.F.M Matiur Rahman,...
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Foxconn first-quarter revenue jumps
TAIPEI, April 5 (Reuters): Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7 per cent on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about "volatile" global politics.Revenue for Nvidia's biggest server maker and Apple's top iPhone assembler jumped to T$2.13 trillion...
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