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

DSEX logs biggest single-day fall in 31 months

The benchmark equity index shed 2.36 per cent on Wednesday, registering its biggest single-day fall in the last 31 months, with most stocks experiencing the price erosion.Such a free fall of the market prompted aggrieved investors to stage a demonstration in front of the Dhaka Stock Exchange (DSE) office at...

Habibur Rahman new CSE chairman

AKM Habibur Rahman has been elected Chairman of the Chittagong Stock Exchange PLC (CSE) for the next three years. The Board of Directors of CSE unanimously elected him at a Board meeting on Wednesday. He will replace Aisf Ibrahim as the CSE chairman, says a statement. Habibur Rahman, a senior...

Nabil joins UCB as AMD

Nabil Mustafizur Rahman recently joined United Commercial Bank Limited (UCB) as Additional Managing Director (AMD), says a statement. Prior to his new assignment, he was the Country Chief Risk Officer of Habib Bank Limited Bangladesh. Earlier, he joined United Commercial Bank PLC as Deputy Managing Director in 2018. Eventually, he...

Travel, Tourism and Hospitality Awards ceremony on Oct 5

Prime Bank PLC, one of the leading private commercial banks, has joined hands with The Bangladesh Monitor to organise the first-ever recognition programme for establishments and individuals excelling in services in travel, tourism and hospitality sectors. A total of 31 establishments and individuals in 25 categories will be formally recognised...

Pubali Bank launches co-branded Visa card with Railway

Pubali Bank PLC launched co-branded Visa debit and credit card with Bangladesh Railway on Wednesday. This co-branded card is a symbol of longlasting bondage between the two organisations. Mohammad Ali, Managing Director & CEO of Pubali Bank, and Sardar Shahadat Ali, Director General of Bangladesh Railway, were present at the...

Premier Bank launches 'Green PIN' service

Premier Bank has launched 'Green PIN' service, enabling customers to instantly activate their Debit, Credit or Pre-paid cards or generate new PIN for their cards through the bank's website or mobile banking app Pmoney. Mohammad Abu Jafar, Managing Director and CEO of the bank, along with other officials launched the...

JBC seeks ministry’s help to recover Tk 1.26b from Padma Bank

Bangladesh Jibon Bima Corporation (JBC) has reached out to the Ministry of Finance, requesting assistance in recovering Tk 1.26 billion (126.95 crore) tied up in eight expired FDRs at Padma Bank, reports UNB.In a letter to the Financial Institutions Division, the corporation's Managing Director Md Muhibuzzaman outlined the ongoing struggle...

Ex-US Ambassador Peter Haas joins Excelerate Energy as Strategic Adviser

Former US Ambassador (ret.) to Bangladesh Peter Haas has joined as a Strategic Adviser to Excelerate Energy, Inc, a US-based LNG company located in The Woodlands, Texas, reports UNB.Haas retired from the U.S. Foreign Service on September 27 after 33 years of U.S. government service, most recently as ambassador to...

Walton launches Solar Hybrid IPS for affordable and renewable electricity

Walton Digi-Tech Industries Limited, a sister concern of Walton Group, has launched a Solar Hybrid IPS that ensures environment friendly, renewable and affordable power supply, says a press release. The Solar Hybrid IPS, comes under 'arc' brand name, takes charge from both solar power and national grid through smart inverter....

S Arabia eyes investment boost in Azerbaijan

JEDDAH, Oct 02 (Arab News): Saudi Arabia is focused on increasing investment in Azerbaijan, noting that the current trade volume of $13.4 million is relatively small, indicating significant growth potential.At the fifth Saudi-Azerbaijani Business Forum in Baku, Hassan Moejeb Al-Hwaizy, chairman of the Federation of Saudi Chambers, emphasized the opportunity...

Islami Bank holds workshop on auditing

Islami Bank Training and Research Academy (IBTRA) organised a workshop on 'Auditing for Achieving Excellence in Bank' on Wednesday, at Islami Bank Tower. Mohammed Monirul Moula, Managing Director of the bank, inaugurated the workshop as the chief guest. KM Munirul Alam Al-Mamoon, Principal of IBTRA, presided over the programme while...

Ashraf Uddin joins BSCIC as chairman

Ashraf Uddin Ahmed Khan joined Bangladesh Small and Cottage Industries Corporation (BSCIC), as its chairman on Tuesday. All the officers and employees of BSCIC welcomed him with a bouquet.

BSI organises training course on ISO 9001:2015

The British Standards Institution (BSI) has organised a two-day internal auditor training course on ISO 9001:2015 (Quality Management Systems) in the capital under the Standards Partnership Initiative and funded by the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom. The training was delivered by Engr Mohammad Seraji, Engr...

Apple may need to turn to China after Indian Tata plant fire

BENGALURU, Oct 02 (Reuters): Extensive damage from a fire at Tata Group's Apple iPhone component plant in southern India could hamper production ahead of a festive season sales surge, an industry watcher and a source said, forcing the US firm's suppliers to arrange critical parts from China or elsewhere.The weekend...

Tech market values jump in Sept on Fed rate cuts, AI optimism

NEW YORK, Oct 02 (Reuters): The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies, and further fuelled by continued enthusiasm for artificial intelligence.Tesla's market value surged 22.2 per cent last month...