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

Reshuffles, inquiries leave BSEC in disarray

An eerie sense of unease hangs at the Bangladesh Securities and Exchange Commission (BSEC), with its staffers divided into groups fighting with each other and seeking protection from the wrath of the changing political landscape. Regular operations are hampered as BSEC staffers do not feel confident enough to perform their...

National Tea soars on bourses for no fundamental gain

The stock of National Tea Company has been flying high on the Dhaka Stock Exchange (DSE) without any reason for investors to be inclined to bet on its shares.The Sylhet-based tea producer is suffering losses for more than four years and accumulated losses piled up to Tk 1.44 billion until...

BANK ASIA BECOMES THE "OVERALL WINNER" OF 24TH ICAB NATIONAL AWARD

BANK ASIA BECOMES THE "OVERALL WINNER" OF 24TH ICAB NATIONAL AWARD Bank Asia received the prestigious "Overall Winner" of 24th ICAB National Award by winning 1st Position in all the three categories: "Private Sector Banks", "Corporate Governance Disclosures", and "Integrated Reporting". Romo Rouf Chowdhury, the chairman of the bank, received...

MERCANTILE BANK ACHIEVES '24TH ICAB NATIONAL AWARD

MERCANTILE BANK ACHIEVES '24TH ICAB NATIONAL AWARDMercantile Bank has achieved two "Certificate of Merit" awards under the "Private Sector Banks" and "Corporate Governance Disclosures" categories in the prestigious 24th ICAB National Award. Dr. Salehuddin Ahmed, the finance and commerce adviser to the interim government, handed over the awards to Dr....

UCB WINS JOINT BRONZE AWARD AT 24TH ICAB NATIONAL AWARD

UCB WINS JOINT BRONZE AWARD AT 24TH ICAB NATIONAL AWARDUnited Commercial Bank won the "Joint Bronze Award" under the "Private Sector Banks" category in the 24th ICAB National Award for "Best Presented Annual Reports 2023". Syed Faridul Islam, acting managing director, and Faruk Ahammad, the deputy managing director, of the...

Potential return of Trump fuels concern among emerging market investors

A tight US presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt emerging markets just as they were poised to shine, reports Reuters.The prospect of lower interest rates in the United States has brightened the...

Trump trades roiled after fiery debate as investors weigh chance of Harris success

NEW YORK, Sept 12 (Reuters): Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris' favor after the event.Shares of Trump Media & Technology Group, the company that owns Truth Social, fell...

South Korea pension fund key to success of market reforms, says watchdog

SEOUL, Sept 12 (Reuters): South Korea's market watchdog stressed on Thursday the role of the public pension fund to ensure the success of ongoing capital market reforms, as the fund which has been aggressively raising overseas investments pledged to look at domestic opportunities."The responsible role of pension funds and asset...

Chinese Company to invest $4m in Cumilla EPZ

Chinese company Tianhui Button (BD) Company Limited will establish a garment accessories manufacturing industry in Cumilla Export Processing Zone (Cumilla EPZ), reports BSS.They will invest US$ 4 million to produce annually 700 million pcs of different kind of buttons like plastic button, resin button, ABS button, metal button and PU...

ICB holds 56th fund related meeting

ICB holds 56th fund related meetingThe 56th fund related meeting of the board of directors of Investment Corporation of Bangladesh (ICB) was held on Thursday. The meeting has approved dividend at the rate of Tk 35.00 per ICB Unit (face value 100.00) for the financial year 2023-2024 of ICB Unit...

Standard Bank holds 145th Meeting of the Executive Committee

Standard Bank holds 145th Meeting of the Executive CommitteeThe 145th meeting of the Executive Committee of the board of directors of Standard Bank PLC was held at its head office in the city on Thursday under the chairmanship of Md Zahedul Hoque. The meeting was attended by Chairman of the...

Pragati Life Ins STARTS construction work of new head office in Gulshan

Pragati Life Ins STARTS construction work of new head office in GulshanPragati Life Insurance Limited recently held a ceremony to mark the commencement of construction of its new head office at Gulshan in the city. Chairman of the company Abdul Awal Mintoo was present at the event along with Founding...

Indian minister to meet Samsung officials in bid to resolve strike

SRIPERUMBUDUR, Sept 12 (Reuters): The labour minister of India's southern state of Tamil Nadu is set to hold talks on Thursday with officials of Samsung Electronics, in a bid to resolve a strike that has disrupted its consumer electronics plant for four days.Hundreds of workers at the plant in Sriperumbudur...

BKB’s staffers beside flood-affected people

BKB’s staffers beside flood-affected peopleNewly-formed Jatiotabadi officers and employees Forum of Bangladesh Krishi Bank (BKB) opened the aid activities to support the flood-affected people. BKB Managing Director Md Shawkat Ali Khan inaugurated the programme at the corner of the bank's head office in the city on Thursday.

Microsoft to cut 650 support jobs in Xbox unit

NEW YORK, Sept 12 (Reuters): Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg News reported on Thursday.The gaming industry saw mass layoffs, studio...