BSEC restores IPO lottery system to ensure transparency
The securities regulator has reinstated the process of allotting IPO (initial public offering) shares through a lottery system, reversing a previous shift to a pro-rata allocation method.This decision is part of the revised Bangladesh Securities and Exchange Commission (Public Offer of Equity Securities) Rules, 2025, which came into effect on...
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Steps underway to bring discipline in gold, jewellery sector: NBR chairman
The National Board of Revenue (NBR) is working to bring about discipline in the country's gold and jewellery sector, long plagued by smuggling, weak compliance and regulatory loopholes, NBR Chairman Abdur Rahman Khan has said.Most of the gold enters Bangladesh through illegal channels, he said, alleging that even some NBR...
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BOJ puts self defence ahead of solidarity with Fed's Powell
TOKYO, Jan 14 (Reuters): The Bank of Japan's absence from a list of central banks lining up to support Federal Reserve Chair Jerome Powell reflects its aversion to politics and the government's reluctance to cross the US, with an early election on the horizon.In a sign of the sensitivity of...
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Pilot project for smart water meter system launched
The 'Smart Meter System Pilot Project for Smart Water Management (SWM)' was inaugurated at the Buriganga Multipurpose Hall at Dhaka WASA Bhaban on Wednesday, aimed at modernising and ensuring sustainability in urban water management. Adilur Rahman Khan, Adviser to the Ministry of Local Government, Rural Development & Cooperatives, was present...
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BUFT National Career Fest begins
BGMEA University of Fashion & Technology (BUFT), through its Career Development Club, organised a two-day BUFT National Career Fest 2026 that began on its permanent campus on Wednesday.The event was presented by BGMEA, KDS and Prime Bank, powered by Centro, Fashion Step Group, Fakir Fashion, Shin Shin Group, FPG and...
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SOUTHEAST BANK SIGNS MOU WITH BANANI BIDYANIKETAN
Southeast Bank PLC signed a Memorandum of Understanding (MOU) with Banani Bidyaniketan School and College at the bank's Head Office in Dhaka recently. Under this MoU, Southeast Bank will provide a suite of financial solutions to Banani Bidyaniketan School, including 'SoutheastEduFin'. Md Khalid Mahmood Khan, Managing Director of Southeast Bank;...
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BANCASSURANCE CAMPAIGN WINNERS GET TICKETS TO BANGKOK
BRAC Bank has recognised the top performers of its bancassurance campaign, 'Fly Bangkok with Banca', conducted in strategic partnership with MetLife Bangladesh. Tareq Refat Ullah Khan, Managing Director & CEO of BRAC Bank; Syed Abdul Momen, Additional Managing Director & Head of SME Banking, BRAC Bank; and Ala Ahmad, Managing...
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EBL INVESTS TK 7.4M FOR CLIMATE RESILIENCE ON BHASAN CHAR
Eastern Bank PLC (EBL) has partnered with Nou Kollan Foundation Trading Company Ltd. (NKFTCL) to implement a large-scale afforestation and land restoration initiative on Bhasan Char Island. As part of EBL's Corporate Social Responsibility (CSR) commitment, the bank will invest Tk 7.4 million in two integrated projects aimed at enhancing...
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SHAHJIBAZAR POWER HOLDS 18TH AGM
The 18th Annual General Meeting (AGM) of Shahjibazar Power Co. Ltd. was held on a digital platform on Wednesday. Among others, Anis Salahuddin Ahmad (Chairperson), Faridul Alam (Managing Director), A.K.M Badiul Alam (Director), Md. Shamsuzzaman (Director), Akbor Haider (Director), Faisal Alam (Director), Asgar Haider (Director), Mohammed Nurul Amin (Independent Director...
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European, Asian shares sit at record highs
LONDON/SINGAPORE, Jan 14 (Reuters): World shares hovered around record highs on Wednesday, as traders found ways to justify why increasingly complicated world economics and politics would not affect stocks, though jitters were apparent in precious metal and oil markets.Investors were trying to balance those big-picture concerns with what will be...
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