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

Investor losses in NBFI liquidation far greater than they appear

Babul BarmanShareholders of eight listed non-bank financial institutions (NBFIs) stand to lose around Tk 1.36 billion in current market value as the Bangladesh Bank prepares to declare them non-viable.However, the actual loss is far greater. Together, the eight NBFIs have a combined paid-up capital of Tk 14.84 billion, representing the...

New 'R' category proposed to curb manipulation of weak stocks

FE ReportA high-powered committee formed by the finance ministry has recommended shifting long-closed, loss-making, and non-dividend-paying companies from the main board of the stock exchanges to a separate trading platform.The stocks would be labelled under a new 'R' category.The move aims to curb abnormal price hikes and market manipulation involving...

PRIME BANK SIGNS PAYROLL AGREEMENT WITH NATIONAL LIFE INSURANCE

PRIME BANK SIGNS PAYROLL AGREEMENT WITH NATIONAL LIFE INSURANCEPrime Bank has inked a deal to offer National Life Insurance - a multifarious life insurance solutions provider in Bangladesh - its comprehensive payroll banking services. M. Nazeem A. Choudhury, deputy managing director of Prime Bank, and Md. Kazim Uddin, managing director...

Phone makers fear NEIR shutdown under new govt

FE ReportThe Mobile Phone Industry Owners Association of Bangladesh (MIOB) has expressed concern that the National Equipment Identity Register (NEIR) could again be shut down through corruption if a new political government comes to power. However, it says the initiative is being implemented in the national interest, not for the...

COMMUNITY BANK SIGNS AGREEMENT WITH JHEEL MAESTRIA -

COMMUNITY BANK SIGNS AGREEMENT WITH JHEEL MAESTRIA Community Bank has signed a business partnership agreement with Jheel Maestria, a Dhaka-based restaurant, to offer special dining benefits to its customers. The agreement was signed at a ceremony on the restaurant premises recently. Kimiwa Saddat, Managing Director (Current Charge) of Community Bank,...

SBAC BANK SIGNS AGREEMENT ON START-UP REFINANCING FUND-

SBAC BANK SIGNS AGREEMENT ON START-UP REFINANCING FUNDSBAC Bank PLC has signed an agreement with Bangladesh Bank to participate in its Tk 5 billion Start-up Refinancing Fund to promote new entrepreneurs. SM Mainul Kabir, Managing Director and CEO of SBAC Bank, and Nawshad Mustafa, Director of SME & Special Programmes...

JANATA BANK AWARENESS PROGRAMME ON AML AND CFT -

JANATA BANK AWARENESS PROGRAMME ON AML AND CFT Janata Bank PLC organised an 'Awareness programme on AML and CFT for the Board of Directors' in the presence of representatives from the Bangladesh Financial Intelligence Unit (BFIU) recently. BFIU Additional Director Md Mashiur Rahman and BFIU Joint Director Md Mahbubur Rahman...

BANGLALINK SECURES ISO RECERTIFICATION -

BANGLALINK SECURES ISO RECERTIFICATION Banglalink, the country's innovative digital operator, has earned the ISO recertification, reaffirming its strong commitment to maintaining the highest global standards of information security and data protection. The ISO 27001:2022 is the world's leading international standard for Information Security Management Systems (ISMS). This recertification underscores Banglalink's...