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

Regulator to take action if brokers do not use tamper-proof software

The exchanges must ensure by March 2024 that brokers deploy back-office software that cannot be tampered with, said the securities regulator. If TREC (trading right entitlement certificate) holders of the bourses do not do so within the given time, they will not have entitlement to IPO (initial public offering) quota...

Intech crushed under a pile of losses for ‘fictitious assets’ shown by former board

Nearly two years after the new management took over Intech, it made earnings disclosure for FY22 to the despair of shareholders. The IT firm said it made a loss of Tk 36 million in the year for having to comply with provisioning requirement against assets, which had been shown in...

City Bank wins ITFC Award for Shariah financing

City Bank has recently received the 'ITFC Trade Finance Deal of the Year' award from the International Islamic Trade Finance Corporation (ITFC) -- a member of the Islamic Development Bank (IsDBG) Group.City Bank is the first bank to have won this award among the ITFC partner banks for honouring the...

MTB Foundation teams up with ActionAid to help indigenous people

MTB Foundation has recently entered into an agreement with ActionAid International Bangladesh Society for a project titled 'Community Strengthening Project for Indigenous Community in Bandarban'.The collaborative effort aims to bring about positive transformation in the lives of marginalised indigenous communities residing in Naikhyongpara and Halirampara villages of Thanchi, Bandarban, said...

Southeast Bank signed MoU with Akter Properties

Southeast Bank Limited has signed a memorandum of understanding (MoU) with Akter Properties Ltd. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and Md Akter Biswas, managing director and CEO of Akter Properties, signed the deal, under which Akter Properties customers will enjoy Southeast Bank home loan at concessional...

FBCCI Research Centre starts its journey

The FBCCI Innovation and Research Centre officially started its journey on Sunday, reports UNB.Prime Minister's Private Industry and Investment Adviser Salman F Rahman inaugurated the centre as the chief guest. This Initiative of FBCCI, the apex trade body of the country, is aimed at addressing the challenges of the fourth...

55th Board and 74th Bi-monthly Meeting of PDBL held

The 55th Board of Directors and 74th Bi-monthly Meeting of Primary Dealers Bangladesh Limited (PDBL) was held at a city hotel on Sunday. The meeting was organised by Janata Bank PLC. PDBL Chairman and Sonali Bank Limited Managing Director and CEO Md Afzal Karim, PDBL Vice-Chairman and Mutual Trust Bank...

Bengal Cement organised "Partners' Meet 2023"

Bengal Cement organised a "Partners' Meet 2023" at a city hotel on Sunday. Chairman of Bengal Group of Industries Morshed Alam, MP, was present at the function as the chief guest while Vice Chairman of Bengal Group of Industries Bilkish Nahar was the special guest. During the event, the top...

Day-long free eye camp organised by LafargeHolcim Bangladesh in association with Rotary Club Sylhet City

A day-long free eye camp was organised by LafargeHolcim Bangladesh Limited (LHBL) in association with Rotary Club Sylhet City (RCSC) at LHBL's Chhatak plant for the local communities. The eye camp was inaugurated by Asif Bhuiyan, chief corporate affairs officer, and Amitav Singh, industrial director of LHBL. From Sylhet MAG...

Foundation stone laying ceremony of ITC Tower

The foundation stone laying ceremony of ITC Tower took place at Tejgaon I/A, marking a significant milestone in the journey of IT Consultants Limited (ITC). Chairman of Labib Group and Vice Chairman of IT Consultants Limited Salahuddin Alamgir was present as the chief guest while Managing Director & CEO of...

Climate goal reliant on massive new private sector investment: IMF

WASHINGTON, Oct 02 (AFP): The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon by 2050, the International Monetary Fund (IMF) said in a report published Monday.To attain the 2050 goal, $2 trillion would need to be invested...

Evergrande chairman investigated over offshore asset transfers

BEIJING, Oct 02 (Reuters): China Evergrande Group Chairman Hui Ka Yan is being investigated on suspicion of transferring assets offshore while the indebted property developer struggles to complete unfinished projects, the Wall Street Journal reported on Monday.Evergrande has been working to get creditors' approval to restructure its offshore debt but...

US manufacturing slumps less than expected in September

WASHINGTON, Oct 02 (AFP): US manufacturing beat predictions to contract by less than analysts expected in September despite continued weakness of new orders, survey data showed Monday.The Institute for Supply Management's (ISM) manufacturing index came in higher than expected at 49 percent in September, up from 47.6 percent a month...

New quarter, same struggles for stocks, bonds and yen

LONDON, Oct 2 (Reuters): World markets struggled to put a testing third quarter behind them on Monday, with stocks and the euro ticking lower, bonds still on edge and a last-minute deal to avert a US government shutdown barely lifting Wall Street futures.A opening move higher from the pan-European STOXX...

Major stock markets in Gulf track oil prices higher

Major stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher with the Saudi index on course to snap two sessions of losses, reports Reuters.Oil prices - a catalyst for the Gulf's financial markets - edged up, recouping some of the losses suffered at the...