The securities regulator has decided not to allow National Tea Company (NTC) to utilise the public funds raised through private placements until the government's 51 per cent stakes are ensured.The decision was made at a meeting on Thursday. Earlier, the market watchdog gave its permission to the company to raise...
Read moreThe Dhaka bourse ended the week with another sharp loss for the third consecutive session as a majority of the listed securities, including blue chips, ended up in the red.According to market operators, investors, panicking over further loss, mounted sell pressure.Blue chip securities, which have greater influence on the broad...
Read moreThe stock market regulator rejected the proposal of NCC Bank to issue bonds worth Tk 5 billion.The decision was made on October 9, according to a filing on Thursday.The bank decided to issue non-convertible subordinated bonds three years back. In June 2021, it planned to issue bonds worth Tk 7...
Read more"Sustainability is no longer a choice but a responsibility," said BRAC Bank chief at a programme on Thursday. The programme was organised to launch the bank's Sustainability Report 2023, titled 'Bloom into the Future', which marks the bank's second report in this regard since it began sharing its sustainability efforts."We...
Read moreWholesalers and retailers on Thursday called upon producers to maintain a stable supply chain for eggs, broiler chicken, onions, potatoes, garlic, and other essential commodities in order to help reduce prices.They said it was possible to keep the prices of essential commodities within the purchasing capacity of the consumers if...
Read morebKash's remittance service is gaining widespread popularity among expatriates as it offers a convenient, instant, secure and legal way to send remittances back home, says a statement. In August, expatriates utilised MFS to send remittances worth over Tk 11 billion, surpassing the highest monthly remittance recorded in the past five...
Read moreMd. Hanif Miah, Executive Director of Bangladesh Bank, has recently been appointed as a Director to the Board of Directors of Karmasang-sthan Bank for a tenure of three years, says a statement.Md. Hanif started off his career as an Assistant Director at Bangladesh Bank, Barishal Office, after completion of a...
Read moreMutual Trust Bank (MTB) organised an open loan disbursement programme for indigenous farmers in Modhupur, Tangail on Wednesday. Under this initiative, 27 farmers received a cheque to cultivate pineapple and banana. In addition, several were able to open MTB Shanchay accounts digitally on-site through assisted services. Md. Jubayer Hossain, UNO,...
Read moreSoutheast Bank handed over a life insurance cheque worth Tk 500,000 to the family of Md. Kiyum Khan, a customer who recently died. Nuruddin Md. Sadeque Hossain, managing director of the bank, handed over the cheque to the family during a programme at the bank's head office. The client was...
Read moreThe 177th meeting of the Board of Directors of Meghna Bank PLC was held at its Head Office at Suvastu Imam Square, Gulshan-1, Dhaka, recently. Tanveer Ahmed, Vice Chairman, Meghna Bank, presided over the meeting. Md. Mahamudul Alam, Chairman, Risk Management Committee, Md. Ahsan Ullah, Chairman, Audit Committee, Kazi Ahsan...
Read moreUttara Bank PLC held 'Anti-Money Laundering Conference-2024' at a hotel in Dhaka recently. Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank, was present as the chief guest. The conference was presided over by Deputy Managing Director & Chief Anti-Money Laundering Compliance Officer (CAMLCO) of the bank Md. Abul...
Read moreARBA Automobiles Ltd and Rangpur Metal Industries Ltd have signed a Memorandum of Understanding (MoU) for the supply of tyres for three-wheeler electric vehicles (EV). Nuruddin Jahangir, Chief Operating Officer of ARBA Automobiles, and Md Mahmudur Rahman, Chief Operating Officer of Rangpur Metal, signed the agreement at the ARBA Automobiles...
Read moreHONG KONG, Oct 17 (AFP): Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing's latest plan to boost the country's troubled property sector.Hong Kong and Shanghai finished the morning session on a positive note after China's housing minister outlined...
Read moreGlobal sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday, reports Reuters.Gains in the US market have been slow and steady...
Read moreLONDON, Oct 17 (Reuters): Nestle is revamping senior leadership and its operating structure, the food giant said on Thursday, as it cut its full-year sales outlook following weaker than expected nine-month underlying sales growth.The packaged food industry has in recent years struggled with soaring costs as everything from sunflower oil...
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