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

RACE under fresh probes ahead of possible regulatory action

The securities regulator has launched fresh probes into the management of 12 mutual funds operated by Bangladesh RACE Management to dig deeper into allegations of irregularities against the fund manager.The Bangladesh Securities and Exchange Commission (BSEC) formed six separate inquiry committees on November 27 by issuing an order and asked...

DSE gets first female MD

Nuzhat Anwar has been appointed as the new managing director of the Dhaka Stock Exchange.This is the first time that a female candidate has taken over the charge of the prime bourse. The position at the Dhaka Exchange had remained vacant since May last year following the departure of the...

Mohd. Rafat Ullah Khan new MD of Al-Arafah Islami Bank

Al-Arafah Islami Bank (AIB) appointed Mohd. Rafat Ullah Khan as its new managing director (MD) for a period of three years, effective Thursday, according to a press release.Before assuming this position, he was working as the additional managing director and chief risk officer of the bank.He started his career by...

Shasha Denims plans container handling to offset business slowdown

Shasha Denims plans to diversify its business into inland container handling to sustain income amid uncertainty in denim manufacturing."The denim business is becoming challenging due to the unavailability of gas and other factors. That's why we have planned early to open other windows of earnings," said the company secretary of...

APEX FOOTWEAR HOSTS ANNUAL SALES CONFERENCE

Apex Footwear held its annual sales conference at the Samajik Convention Center in Ashulia, Dhaka on Tuesday. The full-day event was attended by 1,500 members of the Apex family from across the country. The conference began with a heartfelt tribute to the late founder Chairman Syed Manzur Elahi. Under the...

SHAHJALAL ISLAMI BANK WINS GOLD AWARD IN ICMAB AWARD

Shahjalal Islami Bank won first prize (gold award) in "ICMAB Best Corporate Award-2024" for its performance in various indicators based on its annual reports 2024. The Institute of Cost and Management Accountants of Bangladesh (ICMAB) awarded the prize to Shahjalal Islami Bank in the private commercial bank (Islamic operation) category...

Saudi cabinet cancels expat worker fees for licenced industrial facilities

RIYADH, Dec 18 (Arab News): Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, has approved the abolition of fees imposed on expatriate labor in industrial facilities licensed under an industrial permit, following a recommendation from the Council of Economic and Development Affairs.The Saudi Press Agency reported that the...

BRAC Business School hosts 2nd ICCBM 2025

The 2nd International Case Conference on Business and Management (ICCBM) 2025 was held on Thursday at BRAC University in the city aiming to encourage students to join new enterprises with the help of AI (artificial intelligence).Organised by BRAC Business School, the conference was dedicated to the memory of Sir Fazle...

Janata Bank receives Remittance Award-2025

Janata Bank PLC has achieved the distinction of becoming the third-highest remittance-collecting bank for the fiscal year 2024-25. In this connection, a function was held at the Osmani Memorial Auditorium in the capital on Wednesday marking the International Migrants Day and National Expatriates' Day 2024. Chief Adviser Prof Dr Muhammad...

RUPALI BANK WINS REMITTANCE AWARD

State-owned Rupali Bank PLC secured eighth place in the banking sector in remittance collection in 2024-25 fiscal year. Dr Asif Nazrul, Adviser to the Ministry of Expatriates' Welfare and Overseas Employment, presented the Remittance Award to Kazi Md Wahidul Islam, Managing Director of Rupali Bank, at the award ceremony held...

BANGLADESH KRISHI BANK WINS REMITTANCE AWARD

Bangladesh Krishi Bank achieved the 'Remittance Award-2025' as it secured the fourth place in remittance collection for the FY 2024-25. Managing Director of the bank Sanchia Binte Ali received the award from Dr Asif Nazrul, Adviser to the Ministry of Expatriates' Welfare and Overseas Employment, at the award ceremony held...

The 38th Annual General Meeting of RPGCL held

The 38th Annual General Meeting of Rupantarita Prakritik Gas Company Limited (RPGCL), a Company of Petrobangla, was held on Wednesday at the Petrocentre in Dhaka with Muhammad Musharraf Hossain Bhuiyan, Chairman of RPGCL Board, in the chair. The meeting was also attended by Chairman of Petrobangla Md Rezanur Rahman along...

SONALI BANK ACHIEVES ICMAB AWARD

Sonali Bank PLC has received Gold Prize at the 15th ICMAB Best Corporate Award in the State-owned Commercial Bank category. The award ceremony was held on Wednesday night at the Bangladesh-China Friendship Conference Center in the capital. Commerce Adviser Sk. Bashir Uddin handed over the award to Chairman of Sonali...

AGRANI BANK ACHIEVES SAFA CERTIFICATE OF MERIT

Agrani Bank PLC has achieved the SAFA (South Asian Federation of Accountants) Certificate of Merit for the best annual report for the year 2024. On behalf of the bank, the certificate was received by Deputy Managing Director Rubana Pervin at the 15th Best Corporate Award Ceremony organised by the Institute...

UTTARA BANK OPENS 'HATHAZARI SUB-BRANCH'

Md. Abul Hashem, Managing Director & CEO of Uttara Bank PLC, inaugurated the 48th Sub-branch of the bank named 'Hathazari Sub-branch' at Ramgarh Road, Hathazari, Chattogram, on Thursday. Deputy Managing Director Md. Rezaul Karim was present as special guest. Md. Atiqur Rahman, Deputy General Manager & Zonal Head (Chattogram Zone),...