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

Key data should be easy for investors to access

Dhaka and Chittagong stock exchanges should display important financial information prominently on their websites to help investors make investment decisions.For example, price-to-earnings (P/E) ratio and dividend yields of stocks are two important indicators to consider before making equity investments. But investors struggle to find them on the websites. Highlighting information...

Padma Oil's profit jumps on higher sales, fixed income

The state-run Padma Oil Company secured an almost 17 per cent year-on-year growth in profit to Tk 4.08 billion in FY24, driven by higher sales of petroleum products and increased non-operating income.The earnings per share (EPS) soared to Tk 41.59 in FY24 from Tk 35.58 the year before, according to...

NCC Bank elects chairpersons for two committees

Khairul Alam Chaklader was recently elected as the chairman of National Credit and Commerce (NCC) Bank's executive committee by its board of directors. He is currently the director and was a former vice chairman of the bank.Meanwhile, Meer Sajed-Ul-Bashar FCA (fellow chartered accountant), was elected as the chairman of the...

Japan keen to strengthen economic ties with BD

CHATTOGRAM, Nov 06: The Chittagong Chamber of Commerce and Industry (CCCI) held a view-exchange meeting with Japanese Ambassador to Bangladesh IWAMA Kiminori at the World Trade Centre (WTC) in the port city on Wednesday.Addressing the meeting, Kiminori said Chattogram was the strategic hub of Bangladesh and South Asia due to...

New executive committee of Advertising Agencies Assoc

The Advertising Agencies Association of Bangladesh (AAAB) has formed its new seven-member executive committee, with Sanaul Arefeen as its president and Syed Ahsanul Apon as general secretary, says a statement. Other office-bearers include Nazim Farhan Chowdhury -- vice-president, Sarah Ali -- treasurer, M. A. Maruf -- joint secretary, and Meherun...

ISLAMI BANK OPENS BRANCH IN BARGUNA

Islami Bank Bangladesh inaugurated its 396th branch in Barguna's Pathorghata on Wednesday. Md Atlaf Hossain, additional managing director of the bank, inaugurated the branch as the chief guest. Md Shamsuddhoha and A.K.M Mahbub Morshed, senior executive vice presidents of the bank, were also present while Md. Saroar Hossain, head of...

SOUTHEAST BANK ORGANISES CONFERENCE on Money Laundering

Southeast Bank recently organised the Branch Anti Money Laundering Compliance Officer (BAMLCO) Conference-2024 at the bank's head office. Mr. A. K. M. Ehsan, executive director, was present at the conference as the chief guest. He in his speech emphasised on the bank's role in preventing money laundering and terrorist financing...

Sonali Bank sign agreement with Prime Bank

Sonali Bank PLC signed an agreement with Prime Bank PLC to collect chalan, utility bill, pension scheme instalments and various charges and fees from Prime Bank customers via mobile app and internet banking portal by using Sonali Payment Gateway service. Sonali Banl PLC General Manager Md. Moniruzzaman and Prime Bank...

SHELTECH PROPERTY FAIR BEGINS IN CITY

Sheltech (Pvt.) Ltd has organised a month-long 'Sheltech Property Fair 2024' that began at its head office at Sheikh Russel Square, West Panthapath, in the capital on November 1. It will continue until November 30 and is open from 10:00am to 6:00pm daily. At the fair, Sheltech has come up...

PRIME ISLAMI LIFE HOLDS 24TH AGM

Prime Islami Life Insurance Limited held its 24th Annual General Meeting at Bangalmotor in Dhaka on Wednesday. Chairman of the company Mohammad Akhter presided over the meeting. Members of the board of directors and Shari'ah Council, and CEO Md Shamsul Alam attended the meeting.

Facing tariff threat, Europe eyes options to appease Trump

BRUSSELS, Nov 6 (Reuters): The European Union is considering options to appease Donald Trump on his return to the White House as it braces for a resumption of US tariffs and other trade threats plus tough exchanges on how to treat China.Trump warned shortly before his U.S. presidential victory that...

US Supreme Court to hear Facebook bid to escape securities fraud suit

WASHINGTON, Nov 06 (Reuters): The US Supreme Court is set on Wednesday to consider a bid by Meta's Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data.The justices will hear arguments in...

Strong demand revives India services PMI in October

BENGALURU, Nov 06 (Reuters): Growth in India's dominant services industry picked up last month after dipping to a 10-month low rate in September amid a marked expansion in demand, according to a business survey that also showed the sector's workforce increased sharply.That signaled a relatively strong start for Asia's third-largest...

Saudi cabinet approves framework to boost foreign direct investment

RIYADH, Nov 06 (Arab News): The Saudi Cabinet has initially approved the national general framework and guiding principles for foreign direct investment, setting the stage for enhanced economic engagement with international organizations.The session, chaired by Crown Prince Mohammed bin Salman, addressed significant developments on both domestic and international fronts, according...

EU opens antitrust probe into US mobile phone glass maker

BRUSSELS, Nov 06 (AFP): The European Union (EU) said on Wednesday it has opened an antitrust investigation into US glass producer Corning -- the maker of a break-resistant glass used as display cover in tablets and smartphones.The probe will assess whether the firm abused its dominant position and distorted competition...