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

Regulator to unravel how Nafeez deploys own firm to misuse Padma Bank's fund

The securities regulator has formed a probe body to investigate alleged financial anomalies in Strategic Equity Management Limited (SEML), owned by Chowdhury Nafeez Sarafat and his family.Mr Sarafat is a former chairman of Padma Bank and was an influential person in the banking sector and the stock market during the...

Axiata stresses FDI-friendly policy for high-growth BD telecom market

Axiata Group Berhad, one of Asia's leading telecommunications companies, has expressed strong optimism about Bangladesh's future as a high-growth market, accentuating the need for stable state policies and clear regulations to court long-term foreign investment.In an exclusive interview with The Financial Express (FE) during his recent Dhaka visit, Axiata Group...

Imam Button chief fined Tk 10M for stock price manipulation

The securities regulator on Wednesday fined managing director of Imam Button Industries ASM Hasib Hasan Tk 10 million for manipulating the company's share price by making false financial claims.Imam Button Industries, which was changed into Hami Industries, resumed operations last year after a long break and moving to fisheries and...

BIDA, FICCI join hands to boost foreign investment

Bangladesh Investment Development Authority (BIDA) and the Foreign Investors' Chamber of Commerce and Industry (FICCI) have agreed to continue working closely to overcome any barriers to investment, ensure the continuity of foreign investment, and explore new opportunities for economic growth in Bangladesh. They reaffirmed their commitment at a collaborative meeting...

STANDARD BANK HOLDS BUSINESS REVIEW MEETING _

Standard Bank organised their 'Business Review Meeting' with the participation of the chiefs of all branches and chiefs & executives of all divisions at their head office on Tuesday. Md. Habibur Rahman, the managing director and chief executive officer, presided over the meeting. A majority of the officials participated virtually....

Berger Paints signs agreement with ABB Cellier

Berger Paints Bangladesh Limited has joined forces with ABB Cellier, France, for establishing world class automated production facility at its upcoming third factory in the Mirsharai Economic Zone. Berger Paints first began production at its Kalurghat factory in Chittagong in 1970 and later expanded with another paint production plant in...

Vista to manufacture AUX ACs

Bangladeshi brand Vista is set to enter the global market. Vista Electronics Limited has signed a joint venture agreement with China's AUX, one of the world's fastest-growing companies. Under this agreement, AUX-branded air conditioners (AC) will be manufactured at Vista's factory in Bangladesh. In addition to being sold in the...

Vision Emporium launches 'Dream Home' campaign

Vision Emporium, an electronic chain shop of the leading business conglomerate RFL, has launched a campaign named 'Dream Home' with an opportunity for customers to win various products, as well as including flat and car. Under this offer, customers can get various electronics products, including AC, TV, washing machine and...

IPDC Finance, Truvalu launch green finance initiative

On the occasion of World Ozone Day 2024, IPDC Finance PLC has partnered with Truvalu Bangladesh to facilitate green financing for SMEs under the "Access to Green Financing (A2GF) for Enterprises" programme implemented jointly by Truvalu, One to Watch and United Nations Capital Development Fund and supported by the Embassy...

ICMAB accords reception to new CMAs _

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) arranged a reception programme for the newly qualified CMAs on Tuesday at ICMAB Ruhul Quddus Auditorium, ICMA Bhaban in Dhaka. ICMAB President Mahtab Uddin Ahmed congratulated all the qualified CMAs for being a part of this prestigious professional degree. He...

Biman employees stand by flood victims

Employees of Biman Bangladesh Airlines donated their one day's salary to the Chief Adviser's Relief and Welfare Fund in response to the devastating floods impacting communities across the country. Biman's Managing Director and CEO Md Shafiqur Rahman and Director (Admin & Human Resource) Md Matiul Islam Chowdhury handed over a...

Cash-strapped Sri Lanka eyes China development

COLOMBO, Sept 18 (AFP): Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend.The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out...

Amazon names veteran Samir Kumar as new India head

NEW YORK, Sept 18 (Reuters): Amazon.com named Samir Kumar as its new India head on Wednesday, handing the reins to a 25-year company veteran as the e-commerce giant faces intense competition and regulatory pressures in the country.Kumar was part of a team that launched Amazon India in 2013 and will...

As Fed cuts loom, health of US economy could determine markets' path

NEW YORK, Sept 18 (Reuters): How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy.The Fed is expected to kick off a series of rate cuts on Wednesday, after raising...