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Tamijuddin Textile ‘misappropriates’ over Tk 330m of bonus shares

The securities regulator has caught Tamijuddin Textile Mills having misappropriated undistributed stock dividends worth more than Tk 330.77 million by disbursing them to shareholders who were not entitled. The company has so far deposited about 1.06 million undistributed bonus shares to the account of the Capital Market Stabilisation Fund (CMSF)....

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Sena Kalyan Insurance profit jumps 75pc in Q2

Sena Kalyan Insurance Company Limited gained a 75 per cent higher profit to Tk 45.6 million in the second quarter through June this year, compared to the same quarter a year ago. In the first six months of the year, it earned 56 per cent more to Tk 82.4 million...

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Walton wins National Export Trophy

Local electronics giant Walton Hi-Tech Industries PLC won the National Export Trophy (gold) in recognition of its outstanding contribution to the exports of electrical and electronics products during the financial year 2021-22. Prime Minister Sheikh Hasina handed over the award to Walton Hi-Tech Industries PLC's former chairman and incumbent director...

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SAARCFINANCE SEMINAR HELD IN CTG

A seminar on 'Trading in Local Currencies: Problems and Prospects for the SAARC Countries' was held at a hotel in Chattogram on Friday. SAARCFINANCE Wing, Research Department of Bangladesh Bank, organised the event. Abdur Rouf Talukder, Governor of Bangladesh Bank, was present as the chief guest and Dr Md Khairuzzaman...

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Nagad, BUP jointly introduce content creation course

Social media content creation is increasingly popular nowadays. Many people desire to excel in content creation but often fail to do so due to a lack of proper knowledge. To address this, Nagad Ltd., a popular MFS service provider, and the Bangladesh University of Professionals (BUP) have joined hands to...

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'gpfi unlimited' starts life

Telecoms giant Grameenphone on Monday launched Bangladesh's first fixed wireless access (FWA) service named 'gpfi unlimited', marking a milestone in the path towards the country's digital transformation.Following the Unified Licensing Guideline, this innovative solution leverages FWA technology to deliver reliable and high-speed internet connectivity to homes and businesses across the...

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FBCCI pushes for BD Single Window Project implementation

Mahbubul Alam, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has emphatically called for the swift implementation of the Bangladesh Single Window (BSW) project to streamline trade processes in the country, reports UNB. He made the demand while speaking as the chief guest at a workshop...

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ONE Bank Celebrates 25th Founding Anniversary

ONE Bank arranged a celebration programme for valued clients and other social elites of the country on the occasion of its 25th founding anniversary on July 11, 2024 at Hotel InterContinental Dhaka. At the beginning of the programme, Managing Director Md. Monzur Mofiz delivered his welcome speech. Chairman A.S.M. Shahidullah...

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Agri-entrepreneurs receive training by UCB

A skill development training programme, organised by United Commercial Bank (UCB) under the agricultural support scheme 'Bhoroshar Notun Janala', was held at Shah Dine Community Center located in Rajshahi Sadar. This programme was organised for 240 agricultural entrepreneurs hailing from 9 upazilas of the district.

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ICB Asset Management awards its employees

ICB Asset Management Company Ltd. has awarded its executive officer Md. Manoarul Islam and assistant officer Mushfiqur Rahman with crest and certificate at an integrity award distribution ceremony for FY23. The chairman of the company’s board of directors, Dr. Suborna Barua, Chief Executive Officer Ms Mahmuda Akter, and board members...

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SONALI BANK HOLDS FIRE DRILL

Sonali Bank PLC arranged a fire drill at its head office in collaboration with the Fire Service & Civil Defence Authority on Monday. Prior to this, the bank authority held a meeting at the head office conference room where the bank's Chief Executive Officer Md. Afzal Karim was present as...

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Janata Bank Swadhinata Officer Parishad marks 15th anniversary

Janata Bank Swadhinata Officer Parishad (JBSOP) celebrated its 15th founding anniversary with a cake-cutting ceremony at the bank's head office in Dhaka recently. Managing Director of Janata Bank Md. Abdul Jabbar was present as the chief guest at the event. Mohammad Mehedi Hasan, president of JBSOP, presided over the programme...

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Treasuries slip, dollar steady as markets weigh Trump attack fallout

LONDON/SYDNEY, July 15 (Reuters): The dollar held steady on Monday, while long-dated US bond yields rose, as investors weighed whether an assassination attempt on presidential candidate Donald Trump increased his chances of victory.European stocks drifted lower, after weak economic data from China helped set a cautious tone, while dour updates...

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China asks WTO to set up panel for US electric vehicle subsidies dispute

BEIJING, July 15 (Reuters): China has requested the World Trade Organization set up an expert panel to help settle a dispute over electric vehicles subsidies under the U.S. Inflation Reduction Act, the country's commerce ministry said on Monday.The world's No.2 economy opened the WTO dispute in late March after the...

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Thai economy faces upheaval due to factory closures and cheap Chinese imports

BANGKOK, July 15 (Reuters): When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.What, however, received less attention was an announcement by another big automobile manufacturer...

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