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

Kattali Textile to face the music for money laundering

Kattali Textile has laundered money from the funds raised through its 2018 IPO, and now the stock market regulator has handed its investigation report to the CID for actions under the Money Laundering Prevention Act 2012.A primary investigation by the Bangladesh Securities and Exchange Commission (BSEC) identified the top brass...

Jamuna Oil makes record profit, buoyed by interest income

Jamuna Oil Company's profit jumped almost 30 per cent year-on-year to Tk 4.42 billion in FY24, as income from bank deposits escalated amid rising interest rates.The state-run oil distributor's earnings per share (EPS) stood at Tk 40 for FY24, increased from Tk 30.87 the year before, according to a stock...

BANK ASIA, SHARETRIP INK DEAL TO OFFER DISCOUNTS

Bank Asia signed an agreement with ShareTrip to provide the bank's credit card holders with monthly instalment facilities and discounts on flight and domestic hotel bookings from the travel agency's outlets and website. Zishan Ahammad, the head of cards of the bank, and Arup Ratan Barua, chief finance officer of...

Emerald Oil relegated to junk status

The Dhaka Stock Exchange (DSE) downgraded Emerald Oil Industries to 'Z' category from 'A' category, effective from today (Tuesday), as its production has remained suspended since January this year.According to a recent directive of the Bangladesh Securities and Exchange Commission, any listed firm should be shifted to the junk category...

SOUTHEAST BANK HOSTS SWIFT AWARENESS WORKSHOP

Southeast Bank recently organised a workshop titled 'Transitioning to ISO 20022 & Awareness on SWIFT Security' at its training institute with the participation of 55 officials from the bank's different branches and divisional head offices. Guest facilitators, Md. Abul Bashar, from Brac Bank, and Kazi Md. Erfanul Ul Haque, from...

Indonesia's headline inflation eases to 1.55 per cent in Nov

JAKARTA, Dec 2 (Reuters): Indonesia's annual inflation eased to 1.55 per cent in November, official data showed on Monday, for the slowest rate since July 2021 amid lower prices of some food items.November's reading eased from 1.71 per cent in October and was slightly above a forecast of 1.50 per...

Malaysia urges Chinese firms to avoid using it to dodge U.S. tariffs

KUALA LUMPUR, Dec 2 (Reuters): Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war.Washington is expected to further curb exports to...

UCB HOSTS SKILLS DEV TRAINING FOR AGRI ENTREPRENEURS

United Commercial Bank PLC's (UCB) agricultural support scheme 'Bhoroshar Notun Janala' has conducted its 57th skill-development training session in Munshiganj recently. A total of 150 agricultural entrepreneurs from six upazilas participated in the session held at the Zara Convention Centre. Syed Faridul Islam, Additional Managing Director, United Commercial Bank, was...