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

Retail investors of BEXIMCO likely to return empty-handed

General shareholders of BEXIMCO are likely to lose their investment in the company after the closure of its business units, which used to generate 80 per cent of its revenue. The company experienced a loss of Tk 358.79 million in FY24 and is now struggling to pay off workers' wages.Meanwhile,...

Dr Zahid for taking steps to stop foul play in capital market

Former lead economist of the World Bank's Dhaka Office Dr Zahid Hussain has urged the authorities concerned to take steps to prevent foul play in the capital market to restore general investors' confidence, reports BSS."If manipulation in initial public offering (IPO), scammed underwriting, opening fictitious BO accounts, and market rigging...

ICAB delegation joins SAFA events

A delegation from the Institute of Chartered Accountants of Bangladesh (ICAB), led by SAFA Board Member and ICAB President Maria Howlader, participated in the Strategy Meeting of the SAFA Board and various committee meetings. The delegation also attended the World Forum of Accountants (WOFA) conference. The events were hosted by...

DHAKA BANK, ICMAB COLLABORATE TO LAUNCH CREDIT CARD

Dhaka Bank and the Institute of Cost and Management Accountants of Bangladesh (ICMAB) announced their collaboration to launch a co-branded Vertical Mastercard credit card for ICMAB members. Cardholders will benefit from a wide range of travel and lifestyle offers, such as complimentary airport lounge access and special deals at five-star...

EBL UNVEILS CO-BRAND VISA CREDIT CARD FOR CHARTERED SECRETARIES

To offer exclusive services to charter secretaries EBL and ICSB have launched a co-brand Visa credit card at the bank's head office in the capital on Tuesday. Managing Director and CEO Ali Reza Iftekhar; DMD and Head of Retail and SME Banking M. Khorshed Anowar; and Head of Communications and...

Khulna Printing's unusual surge comes under probe

The stock market watchdog sought an explanation of the unusual movement of Khulna Printing & Packaging (KPPL) on the bourses when most other shares are facing a downward pressure. The share price of KPPL increased nearly 361 per cent to Tk 33.2 per share between December 23 last year and...

Live and Chilled Food Exporters' Assoc gets administrator

The government has appointed Sheikh Matiar Rahman, joint secretary of the commerce ministry, as the administrator of the Bangladesh Live and Chilled Food Exporters Association.The ministry's trade organisation wing on Wednesday issued an order in this connection.The administrator was asked to hold a free and fair election within 120 days...

Initiatives taken to diversify jute products

Textiles and Jute Adviser Sheikh Bashir Uddin today said initiatives have been taken to diversify jute products while the problems surrounding the jute sector would be resolved very soon, reports BSS.He came up with such remarks at the inauguration of the four-day multipurpose jute products fair organised jointly by the...

DHAKA WASA HOSTS 'HONORARY CREST DISTRIBUTION CEREMONY 2025'

Dhaka WASA, Dushtha Shasthya Kendra (DSK) and Water Aid Bangladesh organised an 'Honorary Crest Distribution Ceremony 2025' for ideal subscribers from low-income areas at the WASA Bhaban at Karwan Bazar in Dhaka on Wednesday. Additional Secretary and Managing Director of Dhaka WASA Md Fazlur Rahman was present as the chief...

MEETING HELD TO REVIEW LGED DEVELOPMENT PROJECTS

A meeting to review the progress of development projects under the Local Government Engineering Department (LGED) was held at the LGED Headquarters on Wednesday. Chief Engineer of LGED Md Abdur Rashid Mia presided over the meeting.

Takaful Islami Insurance Shariah Council meeting held

The 46th meeting of the Shariah Council of Takaful Islami Insurance PLC was held on Wednesday at the Head Office of the company. The meeting was presided over by Chairman of the Council Principal Kamal Uddin Jafree. Prof. Moulana A.B.M Masum Billah, Member Secretary; Mufti Sayed Ahmad Muzaddedi, Moulana A.Q.M....

Trade war or not, global investors turn even more cautious on China

SINGAPORE, Feb 5 (Reuters): As China and the US battle over tariffs, locked in a tussle that could result in a deal or a trade war between the world's two largest economies, staying away from China's stock market is becoming the default option for foreign investors.The Chinese stock market, already...

Toyota announces Lexus EV plant in Shanghai

TOKYO, Feb 05 (AFP): Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand, at a time when many foreign car companies are struggling in China.The world's top-selling automaker made the announcement as it hiked its annual net profit forecast to almost...

Workday to cut 8.5pc of its workforce

LONDON, Feb 05 (Reuters): Payroll processing company Workday said on Wednesday it will cut around 1,750 jobs, or 8.5 per cent of its current workforce, as it grapples with competition and an uncertain spending environment.It expects to incur around $230 million to $270 million in charges connected to the cost...

Nissan board agrees to scrap $60b Honda merger talks

TOKYO, Feb 05 (Reuters): Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a $60 billion plus tie-up that would have created the world's no.3 automaker and raising questions about how it will drive a turnaround by itself.Talks have been complicated by...