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

Premier Leasing's NPL soars to 72.5pc amid growing losses

The audit firm of Premier Leasing & Finance Limited have raised serious concerns about the company's ability to continue operations, as its key financial indicators have been in the negative over the past four consecutive years.The negative financial indicators of the non-bank financial institution (NBFI) have made its income-generating capability...

From market headwind to tailwind?

ORLANDO, Florida, Dec 12 (Reuters): One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system. The question for markets is, if draining liquidity wasn't much of a headwind this year, will its likely reversal...

Global equities retreat after ECB cuts rates

NEW YORK/LONDON, Dec 12 (Reuters): Global stocks were down and major Wall Street indexes fell on Thursday after the European Central Bank cut interest rates for a fourth time this year, and gold prices dropped.European stocks pared losses after the European Central Bank cut interest rates and kept the door...

AB Bank gets new vice chairmen

Feroz Ahmed and Md Fazlur Rahman have been elected vice chairmen of the Board of Directors of AB Bank PLC at the 802nd board meeting held on December 10, says a statement.Firoz Ahmed served as a director of the bank's Board of Directors. He is also the Chairman of Elite...

BMPCA urges lower call rates, end to call drops

The Bangladesh Mobile Phone Consumers' Association (BMPCA) has urged the government and the Bangladesh Telecommunication Regulatory Commission (BTRC) to revise policies to reduce the floor price for voice calls, aiming to make communication more affordable, reports UNB.The BMPCA has called for complete elimination of call drops, emphasising the importance of...

160 agro-entrepreneurs from Sherpur receive skill development training

United Commercial Bank PLC (UCB), under the agricultural support scheme 'Bhoroshar Notun Janala', has recently organized a skill development training program for agri-entrepreneurs hailing from Sherpur.This is the 59th district where UCB conducted this skill development program. The day-long programme was held at the auditorium of Sherpur Shilpakala Academy on...

52,500T wheat imported from Ukraine reaches Chattogram

A ship, carrying 52,500 tonnes of wheat imported from Ukraine reached Chattogram, the first consignment of food grains imported under the interim government, reports UNB.The ship, 'MV Enjoy Prosperity', anchored at Kutubdia, the outer anchorage of Chittagong Port on Thursday, said an official media release.The work of unloading the wheat...

Singapore cos want to invest in BD

Minister for Sustainability and Environment and Trade of Singapore Grace Fu Hai Yien has said many Singaporean companies have interest in investment in Bangladesh, reports BSS. Grace Fu said this in a meeting with Lutfey Siddiqi, Bangladesh Special Envoy for International Affairs, at her office in Singapore on Wednesday."Despite the...

SOUTHEAST BANK HOSTS ENGAGEMENT PROGRAMME FOR HAJJ AGENCIES

Southeast Bank PLC hosted an engagement programme for representatives from leading Hajj agencies with MA Kashem, Chairman of the bank, at the bank's Head Office in Dhaka on Thursday, reaffirming its commitment to fostering strong partnerships and providing tailored financial solutions to support the noble mission of serving Hajj pilgrims....

EBL RELAUNCHES MASTERCARD PLATINUM AQUA PREPAID CARD

Eastern Bank PLC (EBL) in collaboration with Payment Network Partner MasterCard has relaunched the bank's widely popular Mastercard Aqua Prepaid Card at the bank's head office in the city on Thursday. Apart from regular features, the relaunched ergonomic vertical card offers Mastercard Flight Delay Pass, ensuring extraordinary privileges for the...

BANK ASIA SEMINAR ON WOMEN ENTREPRENEURSHIP

Bank Asia PLC has organised a seminar on 'Identification of Women Entrepreneurs and Loan Disbursement' in the CMSE sector at Jhenaidah Sishu Academy recently. SM Hasan Reza, Executive Director of Bangladesh Bank, Khulna Office, was present as the chief guest and Sheikh Shahriar Rahman, Additional Director from Khulna office of...

Chittagong Stock Exchange approves 5pc dividend

The shareholders of Chittagong Stock Exchange PLC (CSE) have approved a 5.0 per cent dividend for the fiscal year 2023-2024. The approval was given in the 29th Annual General Meeting (AGM) of CSE held at its building in Chattogram on Thursday. Chairman of CSE AKM Habibur Rahman conducted the AGM....

National Finance Holds 215th Board Meeting

National Finance Limited held its 215th board meeting at the company's head office in Dhaka on Wednesday. Fahima Mannan, Chairman of the company, presided over the meeting in presence of Arifa Kabir, Vice Chairman; Ridwan Zahir Khan, Director; Abu Shamsul Kabir, Director; and Yawer Sayeed, Independent Director. Irteza Ahmed Khan,...

KDS Accessories holds 33rd AGM

The 33rd Annual General Meeting (AGM) of KDS Accessories Ltd. was held virtually on Thursday. The meeting was presided over by Khalilur Rahman, chairman of the company. Among others, Managing Director Salim Rahman, , members of the Board Tahsina Rahman, Representative Director Kamrul Hasan Siddiqui, Independent Director Professor Sarwar Jahan,...

Samsung accuses India’s watchdog of unlawfully detaining employees

NEW DELHI, Dec 12 (Reuters): Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows.Samsung is embroiled in the Competition Commission of India's (CCI) investigation that...