Regulator turns to digital tools to shield investors from broker fraud
After a series of scams by brokerage firms, the securities regulator has decided to tighten oversight of investors' assets digitally to eliminate the risk of fund misappropriation.First, the Bangladesh Securities and Exchange Commission (BSEC) will make it mandatory for brokerage firms to use certified non-editable back-office software. This is a...
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No need for quarterly reports, half-yearly results will suffice: BSEC chief
Listed firms will no longer need to submit quarterly financial statements as the securities regulator will exempt them from such requirement.The chairman of the Bangladesh Securities and Exchange Commission (BSEC), Masud Khan, said this at a programme arranged by the DSE Brokers Association of Bangladesh (DBA) to greet the newly...
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BRAC Bank celebrates 25th anniversary with exclusive offers
BRAC Bank has unveiled a range of exclusive offers for the valued customers to mark its 25th anniversary, celebrating the trust and loyalty of the millions of customers who have been part of the bank's journey over years.As part of its Silver Jubilee celebrations, the bank is offering a 25%...
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MODHUMOTI BANK SIGNS MOU WITH GADGET SHOP FOR QR PAYMENT SERVICES
Modhumoti Bank signed a memorandum of understanding (MoU) with Gadget Shop at the bank's head office in Gulshan on Tuesday to facilitate Bangla QR-based payment services. In the presence of Shahnawaj Chowdhury, additional managing director, Arab Fazlur Rahman, deputy managing director & chief business officer, and Mohammed Noor E Alam,...
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AB BANK SUPPORTS INAUGURATION OF BB'S 'BANGLA QR' USAGE
AB Bank supported the inauguration of 'Bangla QR' usage at Bangladesh Bank's (BB) Sylhet office on Wednesday. The inauguration programme was arranged by Bangladesh Bank Karmachari Vogyanno Sorboraho and Sanchay o Rindan Somobay Samiti (SIKO), with the support of AB Bank, to promote cashless transactions and facilitate the implementation of...
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PRIME BANK, CAR HOUSE IMPORTS PARTNER TO OFFER EXCLUSIVE SERVICE FACILITIES
Prime Bank has signed an agreement with Car House Imports to provide exclusive service facilities for its customers. The signing ceremony was held recently at Car House Imports office at Gulshan in Dhaka. The agreement was signed by Mamur Ahmed, SEVP & head of distribution of Prime Bank, and HM...
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Indian shares outperform Asia as oil drops, IT rebounds
Indian shares rose on Thursday, outperforming broader Asia as lower oil prices and a rebound in information technology stocks helped shield the market from a global selloff in AI stocks, reports Reuters.The benchmark Nifty 50 rose 0.71 per cent to 24,175.7, while the BSE Sensex climbed 0.75 per cent to...
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Foreigners dump Asia stocks at record pace as AI winners get crowded
Foreign investors sold Asian equities at the fastest pace in at least 16 years in the first half of 2026, as a blistering AI-driven rally forced them to trim their biggest winners in South Korea and Taiwan and hunt for laggards at a discount, reports Reuters.Overseas investors pulled a net...
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AKIJ CEMENT HOLDS ANNUAL BUSINESS CONFERENCE in Bangkok
AKIJ Cement, a concern of the country's leading industrial conglomerate AKIJ Resource, recently held its annual business conference at a hotel in Bangkok, Thailand. Themed "Bonds of Friendship," the conference brought together 82 of AKIJ Cement's top-performing retailers from across the country. Cluster CEO of AKIJ Building Solutions Asadul Haque...
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ALLIANCE FINANCE APPROVES 7.5PC CASH DIVIDEND AT ITS AGM
Alliance Finance PLC (AFPLC) has approved a 7.50% cash dividend for the year that ended on December 31, 2025 at the company's Annual General Meeting (AGM) held its Head Office in Dhaka recently. AFPLC is a joint venture between People's Leasing and Finance PLC of Sri Lanka and reputed business...
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Most Gulf markets muted
Most major Gulf stock markets were nearly flat in early trading on Thursday after Iran and the United States wrapped up a round of indirect talks with no sign of progress toward a lasting peace agreement, reports Reuters.Iranian and US negotiators spent two days in Doha addressing maritime traffic in...
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