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

Awareness after 2014 Sonali Bank hack might've prevented 2016 BB heist

National Cyber Security Agency (NCSA) Director General Abu Sayed Md Kamruzzaman on Wednesday said the 2016 Bangladesh Bank heist might have been prevented had cybersecurity been taken more seriously following the 2014 Sonali Bank hacking. He voiced concerns over missed opportunities to strengthen cybersecurity in Bangladesh, particularly in the aftermath...

Trust deed signing ceremony of AMS Global First Fund held

Trust deed signing ceremony of AMS Global First Fund heldA trust deed signing ceremony of "AMS Global First Regular Income Fund" between Investment Corporation of Bangladesh (ICB), as trustee and AMS Global Asset Management Company Limited, as sponsor of the fund was held at the ICB Head Office in the...

Kutubuddin appointed as Honorary Consul of Timor-Leste in BD

Kutubuddin Ahmed, one of the country's leading businessmen and entrepreneurs, has been appointed as the Honorary Consul of Timor-Leste in Bangladesh by the Ministry of Foreign Affairs.In this connection, an official letter was handed over to Kutubuddin Ahmed by the Ministry's Chief of Protocol, Khandaker Masudul Alam, at the State...

JANATA BANK BEGINS FOUNDATION TRAINING COURSE

JANATA BANK BEGINS FOUNDATION TRAINING COURSEA 30-working day foundation training course organised by the Staff College of Janata Bank PLC for officers (Batch 1/25) started in the city recently. Managing Director and CEO of the bank Md Mazibur Rahman inaugurated the course as the chief guest. A total of 50...

BANGLADESH DEVELOPMENT BANK OPENS 51ST BRANCH AT CHITALMARI, BAGERHAT

BANGLADESH DEVELOPMENT BANK OPENS 51ST BRANCH AT CHITALMARI, BAGERHATThe 51st Chitalmari Branch of Bangladesh Development Bank PLC was opened at the Amin Tower (1st Floor) at Chitalmari in Bagerhat district on Thursday. Chairman of the bank Ahmed Ismet inaugurated the branch as the chief guest. BDBL Directors KM Tariqul and...

Navana Pharma to invest Tk 209m in new herbal division

FE REPORTNavana Pharmaceuticals PLC has unveiled plans to set up a new herbal division at its existing manufacturing site with an investment of Tk 208.5 million.The decision, approved by the company's board of directors on Wednesday, was disclosed in a filing to the Dhaka Stock Exchange on Thursday.Total footprint area...

Fine Foods' stock plunges despite 230pc profit jump

FE REPORTFine Foods Limited posted a 230 per cent year-on-year increase in net profit for the second quarter (Q2) of FY25, reaching Tk 16.6 million, riding on higher sales.As a result, the company's earnings per share (EPS) stood at Tk 1.19 in the October-December quarter, up from Tk 0.36 in...

Dollar rules as investors eye Trump's economic policies

NEW YORK, Jan 16 (Reuters): US President-elect Donald Trump's imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to multi-year highs, and investors see this strength continuing, aided by the new administration's pro-growth and inflationary policies.The dollar index, which measures the...

BSEC imposed Tk 863.6m fines in Dec for trading rule breaches

The securities regulator has imposed fines totalling Tk 863.6 million on six companies and 10 individuals for violating securities trading regulations in December.Some of the accused had also conducted a series of transactions to manipulate stock prices.The Bangladesh Securities and Exchange Commission (BSEC) imposed the penalties on completion of hearings...

Itochu Corp team in Dhaka

A delegation from Itochu Corporation, led by Tadashi Katori, President and CEO of Itochu Singapore Pte Ltd, and Osamu Tano, Chairman and Managing Director of Itochu India Pvt Ltd, arrived in Dhaka recently, says a press release. On Friday, Mr Katori and Mr Tano are scheduled to participate in an...

PUBALI BANK HOLDS 1ST BUSINESS CONFERENCE-2025

PUBALI BANK HOLDS 1ST BUSINESS CONFERENCE-2025Pubali Bank PLC held its 1st Business Conference-2025 of Regional and Corporate Branch Managers at the bank's Head Office auditorium on Thursday. Monzurur Rahman, Chairman of the Board of Directors of the bank, was present as the chief guest. Mohammad Ali, Managing Director and CEO,...

MIDLAND BANK AND WIN CHAMPION SIGN CASH MANAGEMENT ARRANGEMENT

MIDLAND BANK AND WIN CHAMPION SIGN CASH MANAGEMENT ARRANGEMENTMidland Bank PLC and Win Champion (BD) Ltd. signed a Memorandum of Understanding (MoU) whereby Win Champion will use 'Midland Cash Management (MCM)' application, the online cash management solution of MDB, for conducting their daily business banking and cash management activities. Win...

FIRST SECURITY ISLAMI BANK OPENS CUSTOMER SERVICE CAMPAIGN

FIRST SECURITY ISLAMI BANK OPENS CUSTOMER SERVICE CAMPAIGN First Security Islami Bank launched its month-long Special Customer Service Campaign on Wednesday with the motto 'New dimension in customer service will ensure progress'. Mohammad Abdul Mannan, Chairman of the bank, inaugurated the campaign as the chief guest at the head office...

SOCIAL ISLAMI BANK HOSTS CLIENT GET-TOGETHER--

SOCIAL ISLAMI BANK HOSTS CLIENT GET-TOGETHERForeign Exchange Branch of Social Islami Bank organised a client get-together on Thursday. Md Nazmus Saadat, Managing Director (Acting) of the bank, was present as the chief guest and AAM Habibur Rahman, deputy Managing Director, as a special guest. More than 200 clients of the...