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

BSEC orders conversion or liquidation of closed-end funds

The securities regulator has instructed all trustees of closed-end mutual funds to strictly comply with the newly enacted mutual fund rules regarding the liquidation or conversion of closed-end schemes into open-end funds.In a letter issued on Tuesday (June 9), the Bangladesh Securities and Exchange Commission (BSEC) mandated immediate compliance with...

Lub-rref gets nod to redeploy IPO funds, but bank crisis clouds prospects

Lub-rref received regulatory approval to revise its plan for utilising residual IPO proceeds, but the funds are currently held with Social Islami Bank - an institution grappling with acute liquidity shortages and an ongoing merger - raising serious questions about the viability of the revised plan.The company's board of directors...

Apex Footwear adds RCS certification to sustainability credentials

Apex Footwear Ltd. has achieved the Recycled Claim Standard (RCS) certification for its Unit-2 manufacturing facility, marking another step in the company's push toward sustainable production, according to a press release. The certification was awarded by an accredited third-party body under the global non-profit Textile Exchange following a rigorous audit...

MODHUMOTI BANK INAUGURATES ITS KURIANA BAZAR AGENT POINT

Modhumoti Bank inaugurated its Kuriana Bazar Agent Point under the control of the Modhumoti Barishal branch, located at the Kuriana Bazar, Nesarabad in Pirojpur on Tuesday. In a virtual inauguration ceremony, Md. Shafiul Azam, managing director & CEO of the bank, inaugurated the agent point as the chief guest. Shahnawaj...

MTB FOUNDATION INAUGURATes 'NOBO NEER' PROJECT IN BARISHAL

MTB Foundation recently commemorated World Environment Day 2026 by inaugurating project 'Nobo Neer', a climate resilient housing (CRH) initiative in Guthia, Ujirpur, Barishal. 'Nobo Neer' is part of a project of MTB Foundation, titled 'Climbing for Climate, Building for Communities - A Climate Resilience Initiative of MTB Foundation'. Through 'Nobo...

SAMMILITO ISLAMI BANK HOLDS 6TH BOARD MEETING

The 6th meeting of the Board of Directors of Sammilito Islami Bank PLC was held at the Head office of Social Islami Bank on Wednesday. The meeting was chaired by Quazi Shairul Hassan, Chairman of Sammilito Islami Bank. Members of the Board of Directors of Sammilito Islami Bank and Director...

Shwapno shares mango season joy with the underprivileged

To spread the joy of the mango season among underprivileged communities, Shwapno, Bangladesh's leading retail chain, organised a special initiative titled "Shwapno Mango Festival" at the TNT Field in Mohakhali on Wednesday.As part of the programme, fresh and ripe mangoes were distributed among people from disadvantaged backgrounds, allowing them to...

DISCUSSION AND DOA MAHFIL AT KRISHI BANK

Bangladesh Krishi Bank Employees' Union (CBA) organised a discussion and doa mahfil at the auditorium of Bangladesh Krishi Bank's head office on Wednesday on the occasion of the 45th death anniversary of Shaheed President Ziaur Rahman. Water Resources minister Md. Shahiduddin Chowdhury Anee was present as the chief guest and...

LSEG seeks to challenge trading data overhaul

LONDON, June 10 (Reuters): The London Stock Exchange Group (LSEG) has launched a last-ditch effort to thwart a regulatory move that seeks to boost the transparency of UK stock trading.Julia Hoggett, CEO of the London Stock Exchange, which is owned by LSEG, said she may appeal to the government if...