Deep-discounted MFs face mandatory liquidation or conversion under draft rules
The securities regulator has proposed liquidating closed-end mutual funds or converting them into open-ended funds before maturity if their units trade at more than a 25 per cent discount to net asset value (NAV) on the bourses.The provision has been newly added to the draft amendment to the mutual fund...
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Rapid growth of ETF market triggers fears of bubble
The US exchange-traded fund market is churning out new products at an unprecedented clip, creating concerns about a bubble developing - causing some investors to become more selective about which funds to support and question how many can survive, reports Reuters.The ETF industry has exploded in size in response to...
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EBL clients to enjoy privileges at Truefitt and Hill
Truefitt & Hill Bangladesh, a globally acclaimed grooming salon for men, is now offering exclusive privileges to EBL cardholders. The agreement was signed recently at EBL's head office in the capital by M. Khorshed Anowar, deputy managing director and head of retail and SME banking at EBL, and Mahira Husain...
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Bank Asia wins WSBI SDG Award 2025
Bank Asia wins WSBI SDG Award 2025 Bank Asia has been honoured with WSBI SDG Award 2025 in recognition of its outstanding contribution to advancing the Sustainable Development Goals. The bank received accolades across five key categories - inclusive banking and social impact, economic growth and empowerment, digital transformation and...
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Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom
Shares in Ray-Ban maker EssilorLuxottica rose 14 per cent to hit an all-time high on Friday, adding nearly $20 billion in market value as investor enthusiasm for its AI-powered Ray-Ban Meta glasses gathered momentum, reports Reuters.The Paris-listed group, founded by late Italian entrepreneur Leonardo Del Vecchio and a possible contender...
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BRAC Bank partners TK Group for digital cash management solutions
BRAC Bank partners TK Group for digital cash management solutionsBRAC Bank and TK Group have entered into a transaction banking agreement to implement an advanced dealer collection solution. Under this partnership, BRAC Bank will provide an automated collection solution that enables TK Group to receive payments from its nationwide dealer...
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Jamuna Bank Foundation awards scholarships to students
Jamuna Bank Foundation awards scholarships to studentsJamuna Bank Foundation has recently organised a scholarship award ceremony for more than 200 students at RAOWA Convention Hall in Dhaka. The event was presided over by Nur Mohammed, Chairman of Jamuna Bank Foundation, while Robin Razon Sakhawat, Chairman of Jamuna Bank PLC, was...
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