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

Chinese firm to set up garment industry at BEPZA EZ

Wing Tai Garments (Bangladesh) Company Limited, a Chinese company, has signed a land lease agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment industry at BEPZA Economic Zone (BEPZA EZ) at Mirsarai in Chattogram, reports UNB.The agreement was signed at the BEPZA Complex in Dhaka on...

JANATA BANK HOLDS 867TH BOARD MEETING

JANATA BANK HOLDS 867TH BOARD MEETINGJanata Bank PLC held its 867th board meeting on Tuesday, with Chairman of the Board of Directors M Fazlur Rahman in the chair. The bank's directors Badre Munir Firdaus, Dr. Md. Abdus Sabur, Abdul Majid Sheikh, Abdul Awal Sarker, Md. Shahadat Hossain, Md. Ahsan Kabir,...

ITC APPROVES 12PC CASH DIVIDEND AT 25TH AGM

ITC APPROVES 12PC CASH DIVIDEND AT 25TH AGM The 25th Annual General Meeting (AGM) of the IT Consultants PLC (ITC) was held in a hybrid mode with physical presence at SKS Convention Hall at Mohakhali in Dhaka on Sunday. At the AGM, shareholders approved a 12 per cent cash dividend...

Aamra Networks faces BSEC probe over use of rights issue funds

The market watchdog has ordered a full inquiry into the utilization of rights-offer proceeds by Aamra Networks after an on-the-spot inspection raised doubts over the company's claimed investments.Aamra Networks raised Tk 929.79 million through rights shares in May last year and claimed to have utilised the entire fund within the...

Doreen Power exits gas-fired power, sells final plant as scrap

Doreen Power has decided to sell its last gas-based power plant as scrap, effectively shutting down its electricity generation operations from natural gas.It will continue generating revenue and profits from its subsidiaries, which are heavy fuel oil-based power plants, until 2037."We will have very little impact on our financial results...

MTB LAUNCHES AI-POWERED VOICE-ASSISTED BANKING

MTB LAUNCHES AI-POWERED VOICE-ASSISTED BANKING Mutual Trust Bank (MTB) marked a significant milestone in the country's digital banking landscape with the launch of a pioneering, benchmark-setting voice-assisted banking feature, available in both Bangla and English, on its flagship digital platform, MTB Neo. The ground-breaking voice-assisted service enables customers to carry...

MERCANTILE BANK ORGANISES AML & CFT TRAINING IN SYLHET

MERCANTILE BANK ORGANISES AML & CFT TRAINING IN SYLHETMercantile Bank has organised a comprehensive training programme on 'Prevention of Money Laundering & Combating Financing of Terrorism' in Sylhet. The training was aimed at strengthening awareness and capacity among banking and financial professionals in the region. Bangladesh Bank Executive Director Khaled...

BRAC BANK OFFERS BUSINESS CONSULTATION TO ENTREPRENEURS AT SME FAIR

BRAC BANK OFFERS BUSINESS CONSULTATION TO ENTREPRENEURS AT SME FAIRBRAC Bank has set up a dedicated booth to provide complimentary one-on-one consultations to entrepreneurs about modern business management at the 12th National SME Product Fair 2025 to be from December 7 to December 14. Syed Abdul Momen, additional managing director...

US money market funds see large inflows ahead of Fed decision

US investors poured large sums into money market funds while pulling back from riskier equity funds in the week to December 3, taking a cautious stance ahead of the Federal Reserve's policy decision on Wednesday, reports Reuters.They accumulated approximately $104.75 billion worth of US money market funds, registering their largest...

SAMORITA HOSPITAL HOLDS 40TH AGM

SAMORITA HOSPITAL HOLDS 40TH AGMThe 40th annual general meeting (AGM) of Samorita Hospital Ltd. was held on Tuesday. Company Chairman Prof. Dr. Riaz Ahmed Chowdhury presided over the hybrid meeting. The AGM approved the directors' report, audited financial statements for the year ended in June, five per cent cash dividends,...