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

BSEC not meant to influence index: Chairman Maqsood

It is not the job of the securities regulator to take measures to influence the index of the secondary market, said the chief of the market watchdog.Khondoker Rashed Maqsood, chairman of the Bangladesh Securities and Exchange Commission (BSEC) said this at a meeting with stakeholders on Monday when participants proposed...

Beacon Pharma to pay record dividend despite slowdown in growth

Beacon Pharmaceuticals will pay a 20 per cent cash dividend for the year ended in June this year, the highest since its listing on the stock exchanges in 2010.The drug maker's profit grew 2.3 per cent year-on-year to Tk 522 million for FY24 amid the prevailing macro-economic challenges.Accordingly, earnings per...

Panel to recommend prudent usage of Stabilisation Fund

The government has formed a high-powered panel to ensure the management of the Capital Market Stabilization Fund (CMSF), sources said.It has given 10 days to the panel to prepare and submit a report with a set of recommendations.The Financial Institutions Division (FID) recently issued an official order regarding the matter.The...

Moklesur Rahman new Sbac Bank chairman

Engineer Md. Moklesur Rahman, one of the sponsor directors of SBAC Bank, was elected as the chairman of the board of directors of the bank on Monday, according to a press release. The board unanimously selected him for the post in its 186th board meeting. Before that, he served as...

Sheikh Mohammad Maroof joins Dhaka Bank as MD

Sheikh Mohammad Maroof, a veteran banker with almost three decades of versatile experience in the banking industry, joined Dhaka Bank as the managing director. He served at The City Bank as the additional managing director and chief business officer before joining in his new role, according to a press release.His...

Mamdudur Rashid new UCB MD

Mohammad Mamdudur Rashid has recently been appointed as the managing director and CEO of United Commercial Bank, according to a press release. He brings three decades of experience in the financial services sector. Most recently, he served as the managing director and CEO of NCC Bank, where he played a...

Doreen Power to sell another plant

Doreen Power Generations and Systems has announced that it will sell another power plant in Feni a month after it sold its Tangail plant upon the expiry of its 15-year power purchase contract with the government. The board of the independent power producer took the decision due to the uncertainty...

MTB hosts first branch banking conference 2024

Mutual Trust Bank (MTB) held its first branch banking conference on September 13-14 at BRAC CDM, Savar in Dhaka. The event brought the MTB's leadership and key stakeholders together to come to an agreement on strategies and focus on future growth. The conference also celebrated a single-month deposit growth of...

BRAC bank’s milestone of 50 sub-branches

BRAC Bank achieved the milestone of opening 50 sub-branches. The latest sub-branch at Oxygen Moor in Chattogram went into operation as the 50th branch on September 26. Sheikh Mohammad Ashfaque, the deputy managing director & head of branch distribution network, were among the senior officials who celebrated the milestone on...

Pubali Bank welcomes newly recruited junior officers

A five-day-long orientation programme has been arranged for the newly recruited 148 junior officers of Pubali Bank. The course is designed to train the participants in the concepts, principles, rules, regulations, laws and practices of the bank. Managing Director & CEO Mohammad Ali and Deputy Managing Director Mohammad Esha were...

Investor caution prompts global money market fund inflow

Global money market funds experienced their highest weekly inflows in nearly six months, with investors cautious about the health of the US economy and concerned that further rate cuts this year could signal deeper economic troubles, reports Reuters.Investors bought safer money market funds totaling about $98.32 billion, LSEG Lipper data...