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

Defaulters behind ICB's miseries

The Investment Corporation of Bangladesh (ICB) has not been able to recover principal plus interest amounting to more than Tk 9 billion from financial institutions though FDRs kept with them matured five to seven years ago.Most of the 15 banks and non-bank financial institutions (NBFIs) and ICB’s subsideries, with the...

Six cos to face penalties for missing deadline to pay dividends

Directors of six listed companies will face penalties for missing the deadline given by the securities regulator to distribute approved dividends to their shareholders.Five weeks earlier, the Bangladesh Securities and Exchange Commission (BSEC) set a new deadline -- December 15 -- for nine companies to complete the disbursement of dividends.To...

SOUTHEAST BANK CHAIRMAN MEETS CEO OF METLIFE BANGLADESH

SOUTHEAST BANK CHAIRMAN MEETS CEO OF METLIFE BANGLADESH M.A. Kashem, chairman of Southeast Bank, on Tuesday paid a courtesy visit to Alauddin Ahmad, chief executive officer (CEO), of the insurance provider MetLife Bangladesh. Nuruddin Md. Sadeque Hussain, the bank's managing director, was also present at the meeting at the bank's...

SNOWTEX INKS DEAL WITH BRAC BANK

SNOWTEX INKS DEAL WITH BRAC BANK Snowtex Group recently chose BRAC Bank as its employee banking (EB) partner to provide over 20,000 of its employees with the bank's exclusive EB offers and services. Snowtex officials will enjoy seamless banking and financial benefits, including salary accounts, multi-currency debit cards, credit cards...

BD already in middle-income trap, says Dr Debapriya

Dr Debapriya Bhattacharya has said that Bangladesh is already caught in the middle-income trap due to the low productivity of its labour force across the industrial, agricultural and services sectors, reports UNB.He made the remarks during a roundtable titled 'Bangladesh's Aspiration to be a Middle-Income Country: Trajectory, Reality, and Perils',...

ICB PAYS TRIBUTE TO LIBERATION WAR MARTYRS

ICB PAYS TRIBUTE TO LIBERATION WAR MARTYRS Officials and employees of Investment Corporation of Bangladesh (ICB), led by its Managing Director Md Abul Hossain, paid tribute to the Liberation War martyrs by placing a wreath at the National Memorial in Savar on Monday, marking the Victory Day.

OLYMPIC INDUSTRIES HOLDS 45TH AGM

OLYMPIC INDUSTRIES HOLDS 45TH AGM The 45th Annual General Meeting of Olympic Industries Limited was held via zoom recently, with Aziz Mohammad Bhai, Chairman of the company, in the chair. In the AGM, the shareholders approved the audited financial statements of the company for FY 2024 and payment of 10...

PHOENIX FINANCE & INVESTMENTS HOLDS 29TH AGM

PHOENIX FINANCE & INVESTMENTS HOLDS 29TH AGM The 29th Annual General Meeting (AGM) of Phoenix Finance & Investments Limited was held in hybrid mode recently, with physical presence at Social Garden, IDEB Bhaban, in Dhaka. Mohammed Mohsin, Chairman of the company, presided over the meeting attended by a large number...

KOHINOOR CHEMICAL COMPANY HOLDS 37TH AGM

KOHINOOR CHEMICAL COMPANY HOLDS 37TH AGM The 37th Annual General Meeting (AGM) of Kohinoor Chemical Company (BD) Limited was held virtually on Tuesday. Mohammad Obaidul Karim, Chairman of the company, Md. Rezaul Karim, Managing Director, Md Ebadul Karim, Director, Prof Dr Anwar Hossain, Independent Director, Quazi Mamun-Ul-Asraf, Independent Director, Md....

AGM OF IT CONSULTANTS APPROVES 11PC CASH DIVIDEND

AGM OF IT CONSULTANTS APPROVES 11PC CASH DIVIDEND IT Consultants PLC (ITC) held its 24th Annual General Meeting (AGM) where the shareholders approved 11 per cent cash dividend for the year 2023-24. The AGM was held in hybrid mode recently, with physical presence at RAOWA Convention Hall-2, in Dhaka. Dr...

WZPDCL PAYS TRIBUTE TO LIBERATION WAR MARTYRS

WZPDCL PAYS TRIBUTE TO LIBERATION WAR MARTYRSOfficials and employees of West Zone Power Distribution Company Limited (WZPDCL), led by its Managing Director (Addl. Charge) Md Shamsul Alam, paid tribute to the Liberation War martyrs by placing a wreath at Gallamari Martyrs' Memorial in Khulna on Monday, marking the Victory Day.

GP unveils limitless social, video packs

Grameenphone has introduced limitless social and video packs to enable the users to enjoy uninterrupted internet streaming on specific social media platforms, reports BSS.The feature includes two tailored options catering to different online activities - limitless video and limitless social networking platforms such as -YouTube, TikTok, Snapchat, and Likee etc,...