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

Market to decide its course in 2025 as regulator stops interference

The market decides its own course now as the August political changeover and subsequent restructuring of the board of the securities commission led to its emancipation from regulatory interventions. Market experts say the previous two commissions exerted direct or indirect influences on the market index and turnover to create a...

MTB elects Syed Manzur Elahi as chairman, Rashed Ahmed Chowdhury as vice chairman

Syed Manzur Elahi, founding chairman of MTB and also Pioneer Insurance Company, has been elected as the chairman of Mutual Trust Bank (MTB), while Rashed Ahmed Chowdhury was elected as the vice chairman.The decisions were taken at the 314th meeting of the Board of Directors of the bank, held on...

AKM Abdul Alim elected vice chair of Standard Bank

AKM Abdul Alim was elected as the vice chairman of Standard Bank at the 404th meeting of the board of directors on Sunday. He is a member of the audit committee and holds the position of Observer at the Shariah Supervisory Committee of the board of directors of the bank,...

Zahid Hossain appointed as DMD, Mercantile Bank

Dr. Md. Zahid Hossain has been appointed as the deputy managing director and chief business officer of Mercantile Bank.He served as the senior executive vice president and divisional head at Bank Asia, according to a press release.With over 29 years of experience in the banking sector, Dr. Zahid has developed...

NCC BANK INAUGURATES 'KDA AVENUE UPA-SHAKHA' IN KHULNA

NCC Bank recently inaugurated its 'KDA Avenue Upa-Shakha' (sub-branch) in Khulna. S M Hasan Reza, executive director of Bangladesh Bank's Khulna office, formally inaugurated the sub-branch as the chief guest recently. Md. Monirul Alam, deputy managing director and company secretary of NCC Bank, presided over the event, while Mehedi Hasan...

AI boom, Fed rate cuts lift US stocks to new highs in 2024

US stocks index futures edged higher in the last trading session of 2024, continuing its bull run from more than two years ago on signs of post-pandemic economic resilience, hopes of lower borrowing costs and AI boost, reports Reuters.The S&P 500, Dow and Nasdaq are near record highs and are...

Subrata Das new DMD of ACI Motors

Subrata Ranjan Das has been appointed as the Deputy Managing Director of ACI Motors, a subsidiary of ACI Limited, says a statement. Prior to this new role, he served as the Executive Director of ACI Motors.Mr. Das graduated in agricultural engineering from Bangladesh Agricultural University in 1993. He began his...

Sheltech achieves milestone with eight project handover

Sheltech (Pvt.) Ltd. successfully handed over a total of eight projects, comprising nearly 300 apartments and commercial units in 2024, marking a milestone in the country's real estate sector, says a statement. The projects include Sheltech Enclave Tower, Sheltech Rubynur, Sheltech Sharmin, Sheltech Rosaleen, Sheltech Nurjahan, Sheltech Rebecca, Sheltech Chayapoth...

Maria Howlader new ICAB President

Maria Howlader FCA has been elected as the president of the Institute of Chartered Accountants of Bangladesh (ICAB) and Md Johirul Islam FCA as its vice president, says a statement. They will assume charge of respective offices today (Wednesday). Outgoing ICAB President Mohammed Forkan Uddin FCA has successfully completed his...

Rashedul new president of Narsingdi Chamber of Commerce

Rashedul Hasan Rintu, an industrialist and social worker, has been elected president of Narsingdi Chamber of Commerce and Industry unopposed, says a statement. The election to the executive committee of Narsingdi Chamber for the period 2024-2026 was held recently. Mr Rintu is a former director of Narsingdi Chamber, President of...

Aramit Cement holds 28th AGM

The 28th Annual General Meeting (AGM) of Aramit Cement PLC, was held on Monday using hybrid system (both physical and online presence). The meeting was presided over virtually by SM Alamgir Chowdhury, Chairman & Independent Director of the company, says a statement. Managing Director Rukhmila Zaman and Directors Md Habib...

BEST HOLDINGS HOLDS 18TH ANNUAL GENERAL MEETING

The 18th Annual General Meeting (AGM) of Best Holdings Ltd. was held at Baridhara DOHS Convention Centre in Dhaka on Monday. The AGM was presided over by the company's Chairman Amin Ahmad in presence of a significant number of shareholders. Managing Director of Best Holdings Hasan Ahmad, other members of...

ICMAB HOSTS RECEPTION FOR NEWLY QUALIFIED CMAS

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) celebrated the success of its newly qualified CMAs with a reception programme held at the ICMAB Ruhul Quddus Auditorium, ICMA Bhaban, in Dhaka on Monday. ICMAB President Mahtab Uddin Ahmed, Vice-Presidents Md Kausar Alam and Md Akhtaruzzaman, Secretary SM Zahir...