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

Hiru, allies face hefty fines this time for stock manipulation

Department of Cooperatives official Md Abul Khayer and his associates have been slammed with fines worth more than Tk 1.35 billion for manipulating share prices of four listed companies.This is not the first time he has been found guilty of the crime. But every time fines were scanty relative to...

Jute Spinners flying high on DSE despite mounting losses

Jute Spinners has been flying high on the Dhaka Stock Exchange (DSE) while the company has been counting losses for more than a decade without any chance of recovery.The factory has produced nothing since 2016. Revenue is zero. Other financial indicators are in the negative too. Liabilities shot up exceeding...

BD's new LNG purchase policy draws Shell, BP, Glencore, Aramco

Shell, BP, Aramco and Glencore are among nearly two dozen firms Bangladesh has approved as suppliers of spot liquefied natural gas (LNG) as it seeks to boost competition and cut costs, the country's top energy official told Reuters.Bangladesh's spot market was previously dominated by Vitol, Gunvor and Excelerate Energy, said...

BD invites more Malaysian investment

President Mohammed Shahabuddin on Thursday called on Malaysian investors to invest in Bangladesh's various sectors, including special economic zones, reports UNB.The President made the call when newly appointed Malaysian High Commissioner to Bangladesh Mohd Shuhada Othman presented his credentials to him.Earlier, a smart contingent of the President's Guard Regiment presented...

PIF, Bpifrance sign $10b MoU to boost Saudi-French financial ties

Saudi Arabia’s Public Investment Fund and Bpifrance Assurance Export have signed a memorandum of understanding valued at $10 billion to enhance financial cooperation between the two nations, reports Arab News.The agreement, announced in a press release, will provide financing support to PIF and its portfolio companies over the next five...

SOUTHEAST BANK PROVIDES FUNDS FOR AGRICULTURAL RESEARCH

Southeast Bank extended financial support from its special corporate social responsibility (CSR) fund to Sylhet Agricultural University to facilitate research. A cheque was handed over to Professor Dr. Md. Alimul Islam, vice chancellor; Sylhet Agricultural University (SAU). Nuruddin Md. Sadeque Hossain, managing director; Southeast Bank, was present, among other senior...

EXIM BANK INAUGURATES 153RD BRANCH IN BORGUNA

EXIM Bank on Thursday inaugurated its 153rd branch in Borguna. Mohammad Feroz Hossain, managing director and chief executive officer, was the chief guest at the event. Md. Anisul Alam, regional manager for the bank's Dhaka South zone, presided over the programme. Local dignitaries and Sanjib Chatterjee, EXIM Bank's head of...

Social Welfare, Women and Children Affairs Adviser Sharmeen S Murshid visiting a stall

Social Welfare, Women and Children Affairs Adviser Sharmeen S Murshid visiting a stall after inaugurating the Ananda Mela-2024 organised by Mohila Committee of Dhaka Officers' Club on the club premises on Thursday. —PID

MATIN SPINNING MILLS HOLDS 22ND AGM

The 22nd Annual General Meeting (AGM) of Matin Spinning Mills PLC was held virtually on Wednesday. Abdul Wahed, Chairman of the company, presided over the meeting. Vice Chairman MA Rahim, Managing Director MA Jabbar, and Directors MA Quader, Selina Perveen, Tanzeen Khurshid, and Taslima Begum attended the meeting. At the...

Takaful Islami Insurance Committee meeting held

The 4th meeting of the Policyholder Protection & Compliance Committee of Takaful Islami Insurance Limited was held at Dhanmondi in the city on Wednesday. Chairman of the Committee Khorshed Alam Khan presided over the meeting attended by Tahmina Afroz, Abul Hashem and members of the Committee. Chief Executive Officer Abul...

SONALI BANK STAFF COLLEGE COURSE ENDS -

Sonali Bank Staff College organised a five-week foundation course for newly appointed senior officers and other officers. A certificate award ceremony was held at the end of the course on Thursday. Sonali Bank MD & CEO Md Shawkat Ali Khan handed over certificates to the participants as the chief guest....

French debt risk premium drops as government falls, Macron next move in focus

Dec 5: The risk premium investors demand to hold French debt rather than German Bunds dropped on Thursday after the widely expected collapse of the French government, reports Reuters.Far-right and left-wing lawmakers joined forces early this week to back a no-confidence motion against Prime Minister Michel Barnier.Analysts fear France would...

European stocks rise as investors shrug off French political instability concerns

Dec 5: European stocks hovered near one-month highs on Thursday as investors shrugged off concerns about political instability in France after lawmakers voted to topple Prime Minister Michel Barnier's government in a widely expected move, reports Reuters.The pan-European STOXX 600 rose 0.2 per cent by 0945 GMT, extending gains for...

Business leaders fear recession, labour shortages, World Economic Forum says

ONDON, Dec 5 (Reuters): Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday.Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and...

Rupee weakness will not deter India cenbank from cutting rates, Nomura says

MUMBAI, Dec 5 (Reuters): Nomura stuck by its contrarian call that the Reserve Bank of India will lower interest rates on Friday as concerns over economic growth overshadow worries about high inflation and the rupee's weakness.Nomura is one of the five economists surveyed in a Reuters poll that expect the...