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

Bangladesh market looks poorer than its regional peers

Bangladesh's capital market grew by one-fifth as much as its peer Vietnam's capital market between January 2014 and July 2024 mostly because of faulty market mechanisms and lack of product diversification. Bangladesh performs equally poorly when compared to other emerging markets, such as India, Pakistan, and Sri Lanka. In January...

Brokers association proposes reforms

The DSE Brokers Association (DBA) has made a set of proposals, including amendments to the demutualisation act.After a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC), DBA President Saiful Islam said many provisions, including the appointment of seven independent directors, to the exchange's boards were not...

Sonali Paper's profit slumps for erosion in equity investment

Despite securing a steep growth in operating profit, Sonali Paper & Board Mills experienced a 20 per cent decline in net profit year-on-year to Tk 124.79 million in FY24. The income shrank mainly because of the company's lower profit from the secondary market.However, the company has maintained a consistency in...

EBL JOINS DHL'S ECO-FRIENDLY SHIPPING INITIATIVE

Eastern Bank Limited (EBL) joined GoGreen Plus, a carbon reduced shipping service initiative, launched by DHL. Ali Reza Iftekhar, managing director and CEO of EBL, and Md. Miarul Haque, managing director of DHL Express Bangladesh, signed an agreement at a ceremony held at the bank's head office on Monday. The...

SOUTHEAST BANK ORGANISES 'BUSINESS REVIEW MEETING'

Southeast Bank recently held its monthly 'Business Review Meeting' to evaluate its performance in the month of September, presided over by Nuruddin Md. Sadeque Hossain, the bank's managing director. The meeting brought together heads of branches, manager operations of branches, in-charges of sub branches and offshore banking units, who participated...

UK promises regulation overhaul in bid to court wary investors

LONDON, Oct 14 (Reuters): Prime Minister Keir Starmer will vow to scrap regulation that holds back growth and investment when he hosts some of the world's biggest businesses on Monday at a conference designed to boost Britain's appeal.Starmer won power in July after he pledged to end years of political...

World shares stuck, oil tumbles as China stimulus plan too vague for investors

LONDON, Oct 14 (Reuters): Stock markets held below last month's record highs on Monday, while the Chinese yuan and oil prices weakened as China's broad economic stimulus promises at the weekend failed to inspire investors across the globe.U.S. stock index futures , were mixed ahead of a week packed with...

Shanghai stocks gain after stimulus briefing as markets rally

HONG KONG, Oct 14 (AFP): Shanghai stocks rose on Monday as traders digested a pledge by China's finance minister to provide more help for the country's struggling economy, while most other markets tracked another record day on Wall Street.While a much-anticipated briefing on Saturday failed to deliver a hoped-for overall...

Adilur asks BSTI to prepare a roadmap for improving standards of products

Adviser to the Ministries of Industries, Housing and Public Works Adilur Rahman Khan on Monday asked the high officials of Bangladesh Standards and Testing Institution (BSTI) to start work in framing a roadmap for improving the national standard of products. "The standard of products must be ensured because it is...

bKash, Bishwo Shahitto Kendro jointly expand book reading programme

Bishwo Shahitto Kendro in association with bKash has expanded its book reading programme by distributing books to the students of 3 schools in Kaptai, Rangamati. The schools are Boroichori Karnaphuli Nurul Huda Kaderi High School, Kaptai Al-amin Nuria Dakhil Madrasah and Karnaphuli Paper Mills High School. As part of the...

Walton appoints Mim as 'Digital Campaign Season-21' ambassador

Popular film actress Bidya Sinha Mim has been appointed as the promotional ambassador for 'Walton Digital Campaign Season 21', which began on October 10, says a statement.An agreement in this regard was signed by Mim and Additional Managing Director of Walton Hi-Tech Industries PLC Nazrul Islam Sarker.After the signing, Nazrul...

Shahjalal Islami Bank holds board meeting _

The 385th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held recently at the bank's Corporate Head Office. The meeting was presided over by its Chairman A. K. Azad. The Board approved a number of investment proposals. Vice-Chairmen of the Board Mohammed Younus and Mohiuddin Ahmed,...

Ericsson gets new 5G contract from India's Bharti Airtel

STOCKHOLM, Oct 14 (Reuters): Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel, two sources familiar with the matter said.This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone...