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

Beximco, Islami Bank freed of price limit, ending long liquidity concerns

The stock market regulator on Monday finally lifted the floor prices on shares of Beximco and Islami Bank Bangladesh, bringing an end to nearly four years of trading restrictions on the two companies.According to an order issued by the Bangladesh Securities and Exchange Commission (BSEC), the decision takes effect from...

ART to deepen mutually beneficial economic cooperation

Ambassador of the United States of America to Bangladesh Brent T. Christensen said on Monday that the objective of the Agreement on Reciprocal Trade (ART) is to foster a more balanced, sustainable and mutually beneficial economic partnership between the two countries.He observed that public debate and media scrutiny are natural...

Standard Chartered CEO Naser steps down

After nearly nine years as the chief executive officer (CEO) of Standard Chartered Bank, Naser Ezaz Bijoy has stepped down from his role at the foreign bank operating in Bangladesh.Confirming the development, Bitopi Das Chowdhury, country head of corporate affairs and brand & marketing at the bank, said Bijoy was...

Doreen Power to regain status as active power producer through merger

Doreen Power Generations and Systems has planned a merger with three of its operating subsidiary companies.The strategic restructuring move comes at a time when the listed parent company has completely run out of independent operating income, depending entirely on financial inflows from its subsidiaries to sustain its corporate existence.According to...

CITY BANK APPROVES 15PC CASH, 15PC STOCK DIVIDEND AT ITS 43RD AGM

The 43rd annual general meeting (AGM) of City Bank was held on Sunday on a virtual platform. Hossain Khaled, the bank's chairman, presided over the meeting. Vice Chairman Rubel Aziz; Directors Aziz Al Kaiser, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan, and Syed Raihan Hasan Ali; Independent Directors Matiul...

UTTARA BANK TO DEVELOP MODERN SECURITY OPERATIONS CENTRE

Uttara Bank PLC has signed an agreement with Elevate Solutions Limited to implement a modern Security Operations Centre (SOC) powered by Microsoft Sentinel, a leading SIEM platform. The agreement was signed at the bank's head office in Dhaka recently. Under this initiative, Elevate Solutions Limited will design, deploy, and operate...