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

BSRM Steels to open new plant in Jan, expects a boost to revenue

BSRM Steels is going to launch its new plant at Mirsarai in January next year of an annual production capacity of 0.6 million tonnes of MS (Mild Steel) Rods, with an expectation for revenue boost. The country's largest steel manufacturer builds the new re-rolling mills at the cost of around...

Subvalley Securities' operations halted for fund misappropriation

The Dhaka Stock Exchange (DSE) has suspended the stock broker and stock dealer licences of Subvalley Securities as its liabilities have far outstripped assets, turning the aggregate indebtedness ratio negative. The suspension will come into effect today (Thursday) and will remain effective until the broker possesses the minimum required net...

PRIME EXCHANGE RECEIVES 'EXEMPLARY DEDICATION SERVICE AWARD'

Prime Exchange, a wholly owned subsidiary of Prime Bank, recently received 'Exemplary Dedication Service Award' Remittance Association Singapore for ensuring seamless remittance services in Singapore. Mr Shawn Huang, senior parliamentary secretary for education and finance, handed over the award recently to Mohammed Samiullah, executive director and chief executive officer of...

MODHUMOTI BANK HOLDS 40TH MEETING OF RISK MANAGEMENT COMMITTEE

The 40th meeting of the risk management committee of Modhumoti Bank was held on Wednesday. The meeting was presided over by Mr. Mostafa Kamal, chairman of the committee. Md. Shafiul Azam, managing director and chief executive officer; and Arab Fazlur Rahman, deputy managing director and chief risk officer of the...

Southeast Bank extends financial support to Chattogram Veterinary and Animal Sciences University

Southeast Bank has extended its financial support from special CSR fund to Chattogram Veterinary and Animal Sciences University to facilitate research. The financial assistance was handed over to Dr. Mohammad Lutfur Rahman, vice chancellor of the university, in presence of Nuruddin Md. Sadeque Hossain, managing director, Southeast Bank.

Pubali Bank holds workshop on 'Cyber Security Awareness'

ICT Operation Division of Pubali Bank recently arranged a virtual workshop on 'Cyber Security Awareness'. Mohammad Ali, managing director & CEO of Pubali Bank, inaugurated the workshop as the chief guest. Deputy Managing Directors Mohammad Esha, Mohammad Shahadat Hossain, Ahmed Enayet Manzur, Md. Shahnewaz Khan and Mohammad Anisuzzaman joined the...

Most Gulf markets ease ahead of US inflation print

Most stock markets in the Gulf fell in early trade on Wednesday, tracking Asian shares lower ahead of key US inflation data later in the day, which could signal the pace of Federal Reserve policy easing, reports Reuters.The Consumer Price Index (CPI) report, scheduled for release at 1230 GMT, is...

India's markets regulator proposes tighter regulations for custodians

BENGALURU, Nov 13 (Reuters): India's markets regulator on Wednesday proposed changes to the regulatory framework for custodians, including doubling their minimum net worth requirement.Custodians provide services such as safekeeping of assets and maintenance of securities accounts for clients like foreign portfolio investors, mutual funds, and portfolio managers. Currently, India has...