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

Exchanges should be free to exercise power to delist non-performers

Stockbrokers demand introduction and proper execution of delisting regulations for non-performing companies to ensure qualitative development of the capital market.While listing of well-performing companies will expand the market, there must be a legal framework to remove non-performers from the bourses. "The existing provision should be streamlined to ensure its exercise,"...

Khulna Printing stock price double in 3 weeks

Khulna Printing & Packaging has recently been flying high on the Dhaka Stock Exchange while the company has been enduring losses without any sign of recovery. Its operation has remained suspended for more than three years.It has been producing nothing since October 2021 due to a severe working capital shortage....

HSBC downgrades Indian stocks to 'neutral' on tapering growth, lofty valuations

HSBC cut its rating on Indian equities to "neutral" on Thursday, joining a growing list of global brokerages that have tempered their bets on Asia's third-largest economy on slowing growth and elevated valuations, reports Reuters.The brokerage slashed its end-2025 target for the BSE Sensex by 5 per cent to 85,990....

A. K. Azad re-elected chair, Shahjalal Islami Bank

The board of directors of Shahjalal Islami Bank has unanimously re-elected A.K. Azad as chairman in their 389th board meeting on Wednesday.Meanwhile, the board also re-elected Mohammed Younus and Mohiuddin Ahmed as vice chairmen, according to a press release.Mr. Azad, an eminent industrialist and businessman, was born in a reputable...

PUBALI BANK PARTNERS WITH DHL EXPRESS

Pubali Bank entered into a partnership with DHL to launch the 'GOGREEN Plus Carbon Reduced Shipping Service'. Mohammad Ali, managing director and chief executive officer of the bank, and Md. Miarul Haque, managing director, DHL Express Bangladesh, signed the agreement. The collaboration targeted sustainable and environmentally responsible business practices, aiming...

UCB PROVIDES TRAINING TO AGRICULTURAL ENTREPRENEURS

United Commercial Bank (UCB) recently hosted a day-long skill development training programme for nearly 175 agricultural entrepreneurs across seven upazilas in Bhola. This initiative falls under UCB's 'Bhoroshar Notun Janala' (New Window of Trust) project, a key programme aimed at supporting the agricultural sector. The inaugural event was held at...

Import of reconditioned cars through Mongla port on the rise

MONGLA PORT (Khulna), Jan 9 (BSS): The import of reconditioned cars through Mongla Port has increased to a great extent as importers are getting interested in bringing automobiles to the country through the seaport.Currently, importers are receiving delivery of around 70 percent of imported cars through the port. Last fiscal...

StanChart, Bidyanondo partner to provide healthcare services in remote areas

Standard Chartered Bangladesh and Bidyanondo Foundation have joined forces to deliver healthcare and medical services to over 241,600 beneficiaries in isolated char communities, riverbank areas, and other hard-to-reach regions across the country.The partnership will deploy the Jibon Kheya, a floating hospital, to travel the rivers of Bangladesh, providing medical care...

ICSB hosts CPD webinar on 'Recent Amendments to the Securities Laws'

The Institute of Chartered Secretaries of Bangladesh (ICSB) organised a virtual CPD webinar on 'Recent Amendments to the Securities Laws: Focus on Corporate Governance' on Wednesday. Md. Abul Kalam, Director of Bangladesh Securities and Exchange Commission (BSEC), presented the keynote paper on recent amendments to the securities laws in connection...

Commerce Adviser acknowledges public suffering amid rice price hike

Acknowledging the suffering of general people due to rice price hike, Commerce Adviser Sk. Bashir Uddin has said that the government cut a 60 per cent duty on rice import to keep the local market stable, reports UNB.He said this while talking to reporters after a meeting with his Turkey...

Bajus suspends membership of Gold Kinen

The Bangladesh Jewellers Association (Bajus) has suspended the membership of Gold Kinen Technologies following allegations of irregularities in the trading of gold, reports UNB.In a press release issued on Thursday, Bajus said that Gold Kinen Technologies was granted provisional membership on December 26, 2022 after fulfilling all conditions required during...

United Finance and Amble Properties sign MoU

United Finance PLC and Amble Properties Limited signed a memorandum of understanding (MoU) at the Head Office of United Finance in Dhaka recently. The MoU was signed by Mohammed Abul Ahsan, Deputy Managing Director of United Finance, and Md. Golam Rosul Mohsin, Chairman and Managing Director of Amble Properties. This...

Puro Pastry & Bakery opens 15th outlet

Puro Pastry & Bakery opened its 15th outlet at World Business Centre (WBC) in the city's Banani area on Thursday. Vice Chairman of Eon Group of Industries Major ABA Mesbah Ud Dowlah (Rtd.) was present as the chief guest at the inaugural ceremony while Director of Puro Foods Md. Abdul...

Beijing says EU imposed unfair trade barriers on Chinese firms

BEIJING, Jan 9 (AFP): China said Thursday that its investigation into EU practices found that Brussels imposed unfair "trade and investment barriers" on Beijing, adding to long-running commercial tensions.Beijing announced the probe in July, after the bloc launched investigations into whether Chinese government subsidies were undermining European competition.Beijing has consistently...