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

Technical malfunction again lays bare IT inadequacy of DSE

A technical glitch that delayed the opening of the Dhaka Stock Exchange (DSE) by one and a half hours on Sunday exposed once again the weak IT infrastructure of the prime bourse. Trading began at 11:30am and continued until 3:00pm, half an hour after the usual closing time, DSE officials...

IPO of Borak Real Estate rejected on suspicion of inflated earnings

The stock market watchdog has recently rejected an IPO proposal of Borak Real Estate amid a dried-up IPO flow, owing to concerns that earnings might have been inflated to influence the price of primary shares. The real estate developer was undergoing the listing process to gather Tk 4,000 million by...

MTB FOUNDATION donates BLANKETS TO THE POOR

Mutual Trust Bank (MTB) Foundation, as part of the bank’s corporate social responsibility, recently handed over blankets to Cadet College Club for distributing among the underprivileged affected by winter in different regions of the country. Rais Uddin Ahmad, deputy managing director and chief anti-money laundering compliance officer of the bank,...

GRAMEENPHONE TEAM MEETS SOUTHEAST BANK MD

A delegation led by Grameenphone Head of Large Corporate M. Shaon Azad paid a courtesy visit to Southeast Bank Managing Director (MD) Nuruddin Md. Sadeque Hossain at the bank's head office in the capital. Senior officials from Southeast Bank were also present in the meeting. The discussion focused on potential...

BRAC BANK LAUNCHES CLIENT SERVICE UNIT FOR SEAMLESS INTERNATIONAL TRADE

BRAC Bank has opened a dedicated Client Service Unit to facilitate international trade for its valued Corporate and Institutional customers. Tareq Refat Ullah Khan, Acting Managing Director and CEO of BRAC Bank, formally inaugurated the Service Unit at the bank's head office in Dhaka recently in the presence of senior...

DIRD Composite served show-cause notice for failing to clear due wages

The Department of Inspection for Factories and Establishments (DIFE) has issued a show-cause notice to DIRD Composite Textiles as the company failed to clear employee dues of Tk 70 million despite receiving loans facilitated by the labour ministry.It issued the notice on January 2, asking for a response within three...

Algerian entrepreneurs keen to invest in Bangladesh: Envoy

Algerian entrepreneurs are keen to invest in the country as the North African nation wants to strengthen economic ties with Bangladesh.Algerian Ambassador in Dhaka Adelouahab Saidani made the remarks when he called on Commerce Adviser Sk Bashir Uddin at his secretariat office in the city, reports BSS.Ambassador Saidani said there...

SpaceX's Starship to deploy mock satellites in next test

WASHINGTON, Jan 5 (Reuters): Elon Musk's SpaceX said on Friday its upcoming Starship test flight would include the rocket's first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship's potential in the satellite launch market."While in space, Starship will deploy 10 Starlink...

AGRANI BANK HOLDS VIEW-EXCHANGE MEETING IN JASHORE

Agrani Bank PLC held a view-exchange meeting in Jashore on Saturday to discuss business strategies, deposit and remittance collection, loan distribution for SME sector and strengthening of loan recovery activities. The bank's Chief Executive Officer Md Anwarul Islam was present as the chief guest at the event held at the...

BADC CHAIRMAN INSPECTS JUTE SEED PRODUCTION ACTIVITIES

Chairman of Bangladesh Agriculture Development Corporation (BADC) Md. Ruhul Amin Khan has been inspecting the activities of the corporation in various regions of the country to bring dynamism to BADC's operations. As part of this initiative, the Chairman recently visited Chapainawabganj to inspect the jute seed production activities.

China seeks to bolster ports and aviation hubs in western regions

China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as ports and aviation hubs, reports Reuters.The General Administration of Customs said the measures would enhance the integration of rail, air, river and sea links in...

Indonesia signs 15.6m kilolitres biodiesel allocation for 2025

JAKARTA, Jan 5 (Reuters): Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while giving the industry until the end of next month to adapt to the higher level of the fuel in the mix.Indonesia, the world's largest...

US manufacturing PMI rises to nine-month high

WASHINGTON, Jan 5 (Reuters): US manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, but the outlook remains uncertain amid the threat of higher tariffs that could raise prices of imported raw materials.Despite the increase in the Institute for Supply Management's (ISM) Purchasing Managers...

PayPal accused of racial bias against Asian Americans

NEW YORK, Jan 5 (Reuters): PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars.Thursday's complaint by Nisha Desai, opens new tab and...