SEML Lecture Fund to shift to open-ended scheme
The securities regulator has approved the conversion of the SEML Lecture Equity Management Fund from a closed-end scheme into an open-ended mutual fund after the completion of its 10-year tenure.The decision was taken at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) held on Tuesday, with its chairman...
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Stocks extend rally on easing geopolitical worries
Dhaka stocks rallied for a second straight session on Tuesday as signs of easing geopolitical tensions and a sharp decline in global oil prices boosted investor confidence.Market sentiment improved after US President signalled that the war involving Iran could be nearing an end, easing fears of potential fuel supply disruptions.Global...
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United Finance gets BB nod to open Islamic finance window
United Finance PLC has received in-principle approval from Bangladesh Bank to open an Islamic finance window, enabling the non-bank financial institution to offer Shariah-compliant financial services alongside its existing conventional operations. The company disclosed the development in a regulatory filing on Tuesday, saying the central bank granted the approval through...
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Singapore Exchange to launch Asian government bond futures
Singapore Exchange will roll out Asian government bond futures in the coming weeks, CEO Loh Boon Chye said on Monday, as investors increasingly turn to hedging tools amid market strains fueled by rising geopolitical tensions, reports Reuters.The decision comes amid a global selloff in bonds on fears that the renewed...
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DHAKA BANK LAUNCHES WOMEN-FOCUSED SAVINGS PRODUCT
Dhaka Bank PLC has introduced a new women-focused savings product titled 'Empower - Dhaka Bank Aroni' under its women banking platform 'Dhaka Bank Aroni'. The initiative aims to empower women financially by combining attractive savings returns with insurance protection and exclusive health and lifestyle benefits. Managing Director and CEO Osman...
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MODHUMOTI BANK SIGNS AGREEMENT WITH HYATT PLACE
Modhumoti Bank PLC signed an agreement with Hyatt Place Dhaka Uttara on the hotel premises in recently. Under this agreement, Modhumoti cardholders will enjoy a maximum discount of 50% on various services at the Hyatt Place. The signing ceremony was attended by Md Shafiul Azam, Managing Director & CEO; Shahnawaj...
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PRIME BANK PARTNERS WITH DIET COUNSELING CENTER
Prime Bank PLC has recently signed a strategic agreement with Diet Counseling Centre to offer exclusive discount benefits to Prime Bank Neera customers. Under this agreement, Prime Bank Neera customers will enjoy attractive discounts on a range of nutrition and diet-related services provided by Diet Counseling Center. The agreement was...
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DELTA LIFE CELEBRATES INTERNATIONAL WOMEN'S DAY
Delta Life Insurance Company Limited, a leading insurance institution, celebrated International Women's Day 2026 with a programme held at the conference hall of its head office on Sunday to recognise the contributions of its women employees. Jaibunara, EVP (Underwriting), delivered the opening remarks while Miltan Bepari, DMD & CFO; Anwarul...
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Portfolio flows to emerging markets slow to $22b in Feb
NEW YORK, March 10 (Reuters): Foreign investors sharply slowed their purchases of emerging market assets in February to below $22 billion even as flows remained positive across both debt and equities, data from a global banking trade group showed on Tuesday.Non-resident investors added a net $21.7 billion to emerging market...
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Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry
NEW YORK, March 10 (Reuters): Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.SpaceX wants early inclusion on the Nasdaq 100...
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European shares jump as hopes of de-escalation spark relief rally
European shares rebounded on Tuesday after US President Donald Trump said the war in the Middle East could come to a swift end, lifting investor sentiment and sparking a broad-based rally across regional markets, reports Reuters.The pan-European STOXX 600 index rose 2.3 per cent to 608.57 points by 0940 GMT,...
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Most Gulf equities gain
Most Gulf stock markets ended higher on Tuesday, mostly led by financial shares, after President Donald Trump said the US-Israeli war on Iran could end soon even as mutual threats persisted, reports Reuters.Dubai's main share index jumped 2 per cent, led by an 8.3 per cent surge in top lender...
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Currency, tax risks tempering private equity optimism in India, investors say
MUMBAI, March 10 (Reuters): Currency depreciation and high taxes remain key constraints on private equity (PE) returns from India, investors say, even as the country's strong growth outlook and improving exit environment cement its place in the emerging market space.The Indian rupee has depreciated 1.9 per cent against the dollar...
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