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

Main boards need a facelift. Here's why

Stock exchanges' main boards should be cleaned up removing the companies that fail to maintain minimum financial standards. The boards have so many poor-performing companies that they engender a bad impression about the market to both local and foreign investors. Some of the companies have remained non-functional for years or...

Southeast Bank director, two others fined for insider trading

The stock market regulator has fined Director of Southeast Bank Alamgir Kabir Tk 120 million for breaching insider trading rules in trading in shares of Bay Leasing and Investment.He is among the three individuals penalised for the same offence. The two others are former director of Bay Leasing and Investment...

SOUTHEAST BANK SIGNS MOU WITH BDJOBS.COM TO PROVIDE PAYROLL SERVICES

SOUTHEAST BANK SIGNS MOU WITH BDJOBS.COM TO PROVIDE PAYROLL SERVICESSoutheast Bank recently signed a Memorandum of Understanding (MOU) with BDJOBS.COM Limited, to provide payroll, payment and other essential banking services. The signing ceremony took place at Southeast Bank's head office in Dhaka. Nuruddin Md. Sadeque Hossain, managing director of the...

PRIME BANK SIGNS AGREEMENT WITH KASHPIA GROUP

PRIME BANK SIGNS AGREEMENT WITH KASHPIA GROUP Prime Bank recently signed an agreement with Kashpia Group to provide essential banking services. The signing ceremony was held at the bank's corporate office. Under this agreement, employees of Kashpia Group will enjoy preferential banking services including credit card and loan facilities from...

Five banks to raise Tk 20b through bonds

Five listed banks have received approval of the securities regulator to raise Tk 20 billion in total by issuing subordinated bonds to strengthen their Tier-II capital base under Basel-III norms.The approval came at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, presided over by Chairman Khondoker...

Young entrepreneurs urge govt action to overcome business barriers

FE REPORTThe pipe and tube-well sector, long dominated by traditional businesses in Old Dhaka, has seen a shift in recent years, with a new generation of young, highly educated entrepreneurs taking the lead.Many of these young entrepreneurs, including MBA graduates from the Institute of Business Administration (IBA) and sector specialists,...

LANKABANGLA FINANCE WINS MASTERCARD EXCELLENCE AWARD

LANKABANGLA FINANCE WINS MASTERCARD EXCELLENCE AWARD LankaBangla Finance PLC achieved Mastercard Excellence Awards 2024 in two categories -- Mastercard Business (Innovation) and Mastercard Contactless (Issuing) for FY 2023-24. Humaira Azam, Managing Director of LankaBangla Finance, received the awards from Dr Ahsan H. Mansur, Governor of Bangladesh Bank, at the award...

Meena Bazar wins MasterCard Excellence Award

Meena Bazar wins MasterCard Excellence Award Meena Bazar has been honoured with the prestigious MasterCard Excellence Award 2024 in the 'MasterCard Business (Merchant)-POS' category for FY 2023-24. Shameem Ahmed Jaigirder, Meena Bazar's Chief Operating Officer, received the award on behalf of the company from Acting Deputy Chief of Mission Trishta...

Push for increased investment in poultry sector to meet growing protein demand

FE REPORTExperts at a roundtable on Monday emphasised the need for Bangladesh to attract more investment and enhance production capacity to meet the rising demand for protein, which is expected to double by 2050.They suggested vertical expansion in poultry and livestock production through innovation and the adoption of the latest...

Govt nods import of 188m eggs

The government has given permission for import of 188 million eggs through 42 designated firms in a move aimed at stabilising the local egg market, reports BSS.The Ministry of Commerce gave the approval on Tuesday with a view to ensuring the availability of this essential commodity.This import permission will expire...

FSIB withdraws 194 officials over money laundering, fraudulent loans to S Alam Group

First Security Islami Bank (FSIB) has taken decisive action against officials implicated in money laundering and issuing fraudulent loans to S Alam Group. The bank has withdrawn 194 officials, including 24 branch managers from its Chattogram region, in a sweeping move to address the irregularities, reports UNB.FSIB Chairman Mohammad Abdul...

BANGLADESH COMMERCE BANK HOLDS BUSINESS REVIEW MEETING -

BANGLADESH COMMERCE BANK HOLDS BUSINESS REVIEW MEETING Bangladesh Commerce Bank Limited held a Business Review Meeting-2024 for Chattogram and Sylhet divisions on Sunday. Chairman of the Board of Directors Md Ataur Rahman was present as the chief guest while Chairman of the Board Executive Committee Md Mohashin Mia and Board...

RAKUB FUNDAMENTAL TRAINING COURSE BEGINS

RAKUB FUNDAMENTAL TRAINING COURSE BEGINS Rajshahi Krishi Unnayan Bank (RAKUB) organised the 42nd fundamental training course for newly appointed officers at the RAKUB Training Institute in Rajshahi. Dr. Mohammad Ali, Chairman of the Board of Directors of RAKUB, inaugurated the training course on Tuesday. The event was chaired by Subrata...