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

ICB, Sadharan Bima subscriptions restore govt's majority stake in NTC

The government has regained control of National Tea Company (NTC) with a majority stake after purchasing placement shares at the eleventh hour of the latest subscription period.The shares, which had been on offer since 2023 but remained unsubscribed until the fourth extension of the subscription period ending on August 13,...

Amartya Sen opens lecture series on well-being, social welfare

Professor Amartya Sen, while inaugurating a lecture series on individual well-being and social welfare, reminded participants that neither happiness, nor income, alone can define development, according to a press statement.While both are important, the true measure lies in whether people enjoy the freedom and capabilities to lead lives they have...

SOUTHEAST BANK, JU LAUNCH CO-BRANDED CARDS

SOUTHEAST BANK, JU LAUNCH CO-BRANDED CARDSSoutheast Bank and Jahangirnagar University (JU) recently signed a memorandum of understanding (MoU) at the university's administrative building. Under the terms of the agreement, Southeast Bank launched co-branded credit cards for faculty members and staffs and co-branded prepaid cards for students of the university. The...

PRIME BANK HOSTS SEMINAR ON FINANCIAL INCLUSION AT DIU

PRIME BANK HOSTS SEMINAR ON FINANCIAL INCLUSION AT DIUPrime Bank, in collaboration with Daffodil International University (DIU) and DIU Finance Club, successfully organised a seminar titled "Financial Inclusion: Engaging & Inspiring Youth in Banking" at the university's campus. The programme was held under the banner of PrimeAcademia - Prime Bank's...

MJL unit Omera set to buy Totalgaz

FE ReportOmera Petroleum Limited, one of the country's leading LPG distributors, is set to acquire nearly all the shares of another major player, Totalgaz Bangladesh, for Tk 2.27 billion.Listed MJL Bangladesh, the parent company of Omera Petroleum, disclosed the news in a filing on the Dhaka Stock Exchange (DSE) website...

BRAC Bank's Nurun Nahar wins Best Woman CTO Award

Nurun Nahar Begum, chief technology officer (CTO) of BRAC Bank, has won the Best Woman CTO Award from a renowned magazine in the United Kingdom, according to a press release.London-based Women's Tabloid Publications UK conferred the award in the Bangladesh banking sector for her contribution, especially in the field of...

Tesla market share in US drops to lowest since 2017 as competition heats up

SAN FRANCISCO, Sept 8 (Reuters): Tesla's US market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk's company, according to data from research firm Cox Automotive shared exclusively with Reuters.The...

Oasis Accessories to invest $4.8m in BEPZA Economic Zone

Oasis Accessories (Pvt) Ltd, a Bangladeshi company, will invest US$4.8 million to establish a garment accessories factory in BEPZA Economic Zone (BEPZA EZ) at Mirsarai in Chattogram, reports agencies.In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Oasis Accessories at the BEPZA Complex...

Uttara Motors launches Suzuki Fronx, Suzuki Celerio

Uttara Motors Limited, the exclusive distributor of Suzuki passenger vehicles in Bangladesh, has officially launched two new models - the bold Suzuki Fronx compact SUV and the smart, efficient Suzuki Celerio. Both models have been introduced at an attractive special introductory price.The launch was held at Suzuki's newly-inaugurated Experience Centre...

SONALI BANK SIGNS CONTRACT WITH NGOAB

SONALI BANK SIGNS CONTRACT WITH NGOABSonali Bank PLC signed a contract with NGO Affairs Bureau (NGOAB) to collect all types of charges and fees from different NGOs through the Sonali Payment Gateway. MD & CEO of Sonali Bank Md Shawkat Ali Khan and Director General (Additional Secretary) of NGOAB Md....

KARMASANGSTHAN BANK HOSTS CUSTOMER GATHERING AND PUBLIC HEARING

KARMASANGSTHAN BANK HOSTS CUSTOMER GATHERING AND PUBLIC HEARING Sunamganj Branch of Karmasangsthan Bank held a Customer Gathering and Public Hearing at Shaheed Muktijoddha Jagatjyoti Public Library in Sunamganj on Monday. Dr. A.F.M. Matiur Rahman, Chairman of the Board of Directors of Karmasangsthan Bank, attended the event as the chief guest....

ICMAB team meets Finance Division secy

A delegation from The Institute of Cost and Management Accountants of Bangladesh (ICMAB), led by its President Mahtab Uddin Ahmed, met with Dr Md Khairuzzaman Mozumder, Secretary of the Finance Division, Ministry of Finance, at his office on Monday. During the meeting, the ICMAB delegation briefed the Secretary on the...

TAKAFUL ISLAMI INSURANCE INVESTMENT COMMITTEE MEETING HELD--

TAKAFUL ISLAMI INSURANCE INVESTMENT COMMITTEE MEETING HELDThe 10th meeting of the Investment Committee of Takaful Islami Insurance PLC was held at Dhanmondi in Dhaka on Saturday. Chairman of the Committee Md. Masudur Rahman presided over the meeting attended by committee members Emdadul Hoque Chowdhury, Iqbal Hossain, A.B.M Kaykobad, Dr. Rayhan...