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

Salman, Alam come under fresh probe by market regulator

Salman F Rahman was the man behind the stock market's debacle in 1996 and 2010.Two cases were filed against him over scams linked with Shinepukur Holdings and Beximco Pharmaceuticals.Both the cases were quashed by the High Court (HC). The securities regulator later appealed against the HC orders. The appeals still...

Investasia Capital, 2 MFs come under scrutiny

FE REPORT The stock market watchdog has launched an investigation to find out irregularities linked to two open-ended mutual funds and the asset manager and the custodian of the funds.A three-member enquiry committee will have to submit a probe report in 60 days, according to an order issued by the...

Eastern Housing's profit slashed by 18pc amid subdued demand for flats

Eastern Housing's profit dropped 18 per cent year-on-year to Tk 564 million in FY24, as apartment sales plunged for rising costs of building materials amid high registration costs and runaway inflation.The lone listed realtor's earnings per share stood at Tk 6.04 in FY24, down from Tk 7.37 the year before,...

Asian markets drop as US jobs data stoke recession fears

HONG KONG, Sept 9 (AFP): Asian markets retreated Monday after another batch of worse-than-expected US jobs data revived fears of a possible recession in the world's top economy.The big miss in the August non-farm payrolls reading was compounded by heavily revised-down figures for the previous two months and ramped-up bets...

Meghna EZ, Chinese company sign land lease agreement

Meghna Industrial Eco-nomic Zone (MIEZ) Ltd, a concern of Meghna Group of Industries (MGI), has signed a land lease agreement with China Infrastructure Construction BD Co, Ltd on Sunday.MIEZ Director Tanveer Mostafa and China Infrastructure Construction Managing Director Li Yongjiang signed the agreement. MGI Chairman & Managing Director Mostafa Kamal...

BRAC Bank partners with Apon to extend instant digital loan to RMG workers

BRAC Bank partnered strategically with Apon Bazaar to extend small-ticket digital loans to ready-made garment (RMG) workers in minutes.The joint initiative aims to enhance the lives of RMG workers, providing small-ticket loans without any paperwork, says a press release. This initiative is a step towards financial accessibility for the RMG...

Apple’s iPhone 16 to put AI features in focus

SAN FRANCISCO, Sept 09 (Reuters): Apple on Monday is set to unveil its iPhone 16 lineup, focusing on how its flagship device's features have been infused with artificial intelligence, rather than its usual emphasis on hardware upgrades.The event at the tech giant's Apple Park headquarters at 10 a.m. PDT follows...

Ansar-VDP Unnayan Bank gets new chairman--

Director General of Bangladesh Ansar and Village Defence Party Major General Abdul Motaleb Sazzad Mahmud has been appointed as the Chairman of Ansar-VDP Unnayan Bank on Sunday. The Department of Financial Institutions of the Ministry of Finance issued a letter in this regard, says a press release. Major General Abdul...

Humanitarian aid for flood victims

Sri Lanka-Bangladesh Chamber of Commerce & Industry (SLBCCI) in collaboration with Sri Lanka Association of Bangladesh (SLAB) came forward to partner with It's Humanity Foundation (IHF), an active organisation in emergency response programmes, to reach out the victims of the recent floods that swept across in many parts of the...

Abdul Halim appointed BHBFC Chairman

Former cabinet secretary ASM Abdul Halim has been appointed as a director and the Chairman of the Board of Directors of Bangladesh House Building Finance Corporation (BHBFC). The Financial institutions Department of the Ministry of Finance, through a notification issued on Sunday, appointed him for the next three years, says...

Trust Bank holds workshop in Lamonirhat

Trust Bank holds workshop in LamonirhatLamonirhat Branch of Trust Bank, as the lead bank, organised a workshop on ‘Identification of CMSME cluster, improving engagement with cluster and cluster financing’ with the participation of all banks at RDRS auditorium in Lalmonirhat. Md Nurul Amin, Executive Director of Bangladesh Bank (BB), Rangpur,...

Bangladesh Krishi Bank introduces credit card

Bangladesh Krishi Bank introduces credit cardBangladesh Krishi Bank (BKB) has launched Credit Card service. Managing Director of the bank Md. Shawkat Ali Khan inaugurated the service at the board room of the bank's Head Office on Monday. Deputy Managing Directors Chanu Gopal Ghosh, Khan Iqubal Hossain and Salma Banu were...

Workers at several large US tech cos overwhelmingly back Harris

NEW YORK, Sept 09 (Reuters): Workers at many of the largest US tech companies overwhelmingly back Democratic presidential candidate Kamala Harris, according to donation data, even as some of the most powerful tech billionaires have thrown their support to Republican rival Donald Trump.Workers at Alphabet, Amazon and Microsoft are donating...