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

Tasia Securities suspended as its financial health falters

The operation of Tasia Securities has been suspended as it has fallen short of minimum required net worth commensurate with its paid-up capital. The suspension comes into effect today (Monday) and will remain effective until the stockbroker meets the regulatory requirement.Prior to the order issued by the Dhaka Stock Exchange...

Turnover lowest since the fall of Hasina's regime

The daily trade turnover on the Dhaka Stock Exchange (DSE) tumbled to four-month low on Sunday as investors were reluctant to make fresh investments in stocks due to the bleak market outlook.Turnover, a crucial indicator of the market, stood at Tk 2.93 billion on the country's premier bourse, falling further...

US dollar advances, fades earlier sell-off ahead of next week's inflation

NEW YORK, Dec 6 (Reuters): The US dollar rose on Friday, as earlier selling, amid a jobs report showing higher unemployment and modest job gains overall, lost momentum ahead of an inflation report next week that could either reinforce or cast doubts on interest rate cut expectations later this month.The...

MTB publishes report on its sustainability practices

Mutual Trust Bank has recently published the official version of its '10th Annual Sustainability Report 2023' following the Global Reporting Initiative (GRI) standards. The report highlights MTB's efforts to address environmental, social, and governance (ESG) priorities while delivering long-term value to stakeholders, according to a press release.'A Decade of Sustainable...

Trade bodies discuss business situation, industry safety

The business leaders strongly urged the government to take immediate action to facilitate the economic growth, maintain a stable law-and-order situation in industrial areas, and ensure the safety and security of all factories, including those in the garment sector, reports BSS.The business leaders made the comments while speaking at a...

MODHUMOTI BANK HOLDS ANTI-MONEY LAUNDERING CONFERENCE

Modhumoti Bank on Saturday organised a meeting to raise awareness on anti-money laundering and countering the financing of terrorism in the capital's International Conference Center, Police Staff College, Mirpur. A.K.M. Ehsan, the head of Bangladesh Financial Intelligence Unit, delivered his speech in the inauguration session as the chief guest. Humayun...

Prime Bank signs payroll agreement with AkijBashir Group

Prime Bank PLC has recently signed a payroll agreement with AkijBashir Group at their corporate office. Under this agreement, employees of AkijBashir Group will enjoy preferential banking service, including Credit Card and loan facilities, from Prime Bank. They will also enjoy PrimePay, a digital portal to pay seamless automated salary...

India's Tata Power prefers domestic market over lucrative solar exports, CEO says

TIRUNELVELI, India, Dec 6 (Reuters): Tata Power's, newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially.Tata Power, one of India's leading integrated power companies, has built...

Savvata By Rifah launched

Savvata By Rifah, a new symbol of elegance and luxury in Bangladesh's fashion industry, was officially launched in Dhaka recently, marking the debut of the brand's exclusive bridal and luxurious fashion collections.The brand offers fashion enthusiasts an array of exclusive designer attires crafted to international standards. It focuses on luxurious...

Moynul Islam new acting president of BCMEA

Moynul Islam, vice chairman of Monno Ceramic Ind Ltd, has been selected as the President (acting) of Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA) in absence of incumbent President Md Shirajul Islam Mollah.Moynul was selected in the 51st board meeting held on Saturday at a hotel in the capital. Earlier,...

bKash distributes 120,000 books to 393 libraries

To enhance access to books for readers of all backgrounds, bKash, in partnership with Prothom Alo Trust, has distributed 120,000 books to 393 libraries established by different individuals, organisations, or collaborative initiative across 28 districts of the country, says a press release.Like previous years, bKash collected books from readers-writers-visitors who...

ICSB ACCORDS RECEPTION TO NEW MEMBERS -

The Institute of Chartered Secretaries of Bangladesh (ICSB) organised a reception programme for newly registered members of the Institute at Holiday Inn in Dhaka on Saturday. Md Selim Uddin, Secretary, Ministry of Commerce, was present as the chief guest. Thirty-Seven qualified members who became Associate Members were accorded a reception...

US clears export of advanced AI chips to UAE under Microsoft deal

NEW YORK, Dec 08 (Reuters): The US government has approved the export of advanced artificial intelligence chips to a Microsoft-operated facility in the United Arab Emirates as part of the company's highly-scrutinized partnership with Emirati AI firm G42, Axios reported on Saturday, citing two people familiar with the deal.Microsoft invested...

NRB Bank opens Maijdee Branch

NRB Bank PLC, a leading emerging bank of the country, opens its Maijdee Branch in Noakhali recently. Tarek Reaz Khan, Managing Director of NRB Bank, formally inaugurated the branch as the chief guest. Deputy Managing Director Anwar Uddin, SEVP & Head of Retail Banking Oli Ahad Chowdhury along with local...

JANATA BANK BOARD HOLDS MEETING ON DEFAULTED LOANS

An extraordinary meeting of the Board of Directors of Janata Bank PLC was held at its head office in Dhaka on Saturday to discuss ways to recover loans from top defaulters in collaboration with the government and Bangladesh Bank. Chairman of the bank Md Fazlur Rahman presided over the meeting....