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

ICAB, FRC sign MoU on DVS to boost verification of financial statements

The Institute of Chartered Accountants of Bangladesh (ICAB) and the Financial Reporting Council (FRC) signed a Memorandum of Understanding (MoU) at a city hotel on Sunday, to strengthen the verification of audited financial statements and audit reports submitted by public interest entities to the FRC, says a press release.The MoU...

BEPZA begins providing 'Notice of Award' for employment injury compensation

The Bangladesh Export Processing Zones Authority (BEPZA), in collaboration with the International Labour Organisation (ILO), launched on Sunday the distribution of 'Notices of Award' under the Employment Injury Scheme (EIS), reports BSS.At the launching ceremony, two families of deceased workers from Dhaka and Chattogram EPZs, along with one permanently disabled...

Pragati Life Insurance holds 25th AGM

Pragati Life Insurance holds 25th AGM The 25th Annual General Meeting (AGM) of Pragati Life Insurance PLC. was held on Sunday on a digital platform. Chairman of the Company Khalilur Rahman presided over the meeting. The shareholders in the AGM unanimously approved 15 per cent cash dividend for the year...

Union Ins shareholders approve 10pc cash dividend

The 25th Annual General Meeting (AGM) of Union Insurance Company Limited was held at its head office in the city on Sunday. Chairman of the company Mohammed Hasmot Ali presided over the meeting, says a press release. The shareholders of the company approved a 10 per cent cash dividend. Mohammed...

Anwar Landmark celebrates 24th anniversary

Anwar Landmark celebrates 24th anniversary Anwar Landmark, a concern of Anwar Group, celebrated its 24th anniversary in the city recently. Manwar Hossain, Chairman of Anwar Group; Hossain Mehmud, Vice Chairman; Hossain Khaled, Group Managing Director; and Hossain Akhter, Executive Director, attended the event.

BSEC probes stock manipulation, laundering tied to Salman F Rahman

The securities regulator has launched an investigation into allegations of stock price manipulation using bank loans, brought against companies and individuals closely tied to Beximco Group owner Salman F Rahman.It will also examine whether the accused committed money laundering through the alleged financial misconduct.The Bangladesh Securities and Exchange Commission (BSEC)...

ADN Telecom diversifies into EV market with Korean joint ventures

FE ReportADN Telecom is set to form joint ventures with South Korean companies to assemble and supply electric three-wheelers in Bangladesh, amid the growing popularity of electric vehicles.The publicly traded IT and telecommunication services provider has signed memorandums of understanding (MoUs) with South Korea's CND Motors Co Ltd and PBS...

MODHUMOTI BANK INAUGURATES ITS RELOCATED BARISHAL BRANCH

MODHUMOTI BANK INAUGURATES ITS RELOCATED BARISHAL BRANCHModhumoti Bank inaugurated its relocated Barishal branch at ARVS Bhaban, in Chalk bazar area under Kotowali Model Thana, Barishal, on Sunday. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, inaugurated the relocated branch in presence of the valued customers. The inaugural event...

PRIME BANK INKS DEAL WITH ABC REAL ESTATE

PRIME BANK INKS DEAL WITH ABC REAL ESTATEPrime Bank announced a strategic partnership with ABC Real Estate Ltd through a deal signing ceremony at the bank's corporate office in Gulshan. Under this agreement, Prime Bank customers will enjoy exclusive privileges and tailored offerings from ABC Real Estate, providing them with...

SHAHJALAL ISLAMI BANK DONATES TK 0.5M TO SUPPORT OLD HOME, ORPHANAGE

SHAHJALAL ISLAMI BANK DONATES TK 0.5M TO SUPPORT OLD HOME, ORPHANAGEShahjalal Islami Bank, as part of its corporate social responsibility (CSR), donated Tk 0.5 million to the Greenvally Oldage Home & Orphanage, which is currently under construction at Lalpur, Natore. Mosleh Uddin Ahmed, managing director of Shahjalal Islami Bank, handed...

India eases foreign investors' entry, lowers minimum size of large IPOs

MUMBAI, Sept 14 (Reuters): India's markets regulator on Friday made it easier for sovereign-backed and overseas retail funds to access the local markets with simplified rules, a move expected to ease access for nearly two-thirds of foreign investors.The relaxation comes at a time when India has seen foreign outflows gather...