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

Emerald Oil production suspended after major share sell-off by Minori

The struggling Emerald Oil Industries' production has remained suspended for more than six months for what the company said was a shortage of gas supply to its factory. It communicated the matter to the Dhaka Stock Exchange on Thursday in response to a query.It had made an announcement more than...

Appollo Ispat slips into abyss with Tk 7.6b loss

Keeping shareholders in the dark for the last five years, Appollo Ispat Complex finally disclosed a huge pile-up of losses worth Tk 7.6 billion, incurred between FY19 and FY23.Once renowned for its corrugated iron sheets brand "Rani Marka Dheutin," Appollo Ispat in a stock exchange filing on Thursday said the...

Melita Mehjabeen joins BAT Bangladesh as independent director

Professor Dr. Melita Mehjabeen, a tenured faculty member of IBA, Dhaka University, has been appointed as independent director to British American Tobacco (BAT) Bangladesh, according to a press release.She has about 20 years of proven track record in academia, research, financial services, and consulting.Professor Mehjabeen is recognised for her unwavering...

BANK ASIA WINS SAFA AWARD 2023

BANK ASIA WINS SAFA AWARD 2023 Bank Asia won 'SAFA Best Presented Annual Report Award 2023' for 'Integrated Reporting' at a recent event in Colombo, Sri Lanka. In addition, the bank also achieved 'Certificate of Merit' among private sector banks and 'SAARC Anniversary Award' for corporate governance. Mr. Rumee A...

SOUTHEAST BANK SIGNS MOU WITH SUMMERFIELD INTERNATIONAL SCHOOL

SOUTHEAST BANK SIGNS MOU WITH SUMMERFIELD INTERNATIONAL SCHOOLSoutheast Bank recently signed a memorandum of understanding (MOU) with Tiny Tots and Summerfield International School at the bank's head office in the capital for providing tuition fees collection services, payroll services, among other banking services. Nuruddin Md. Sadeque Hossain, managing director of...

PUBALI BANK HOLDS PROGRAMME ON GREEN FINANCE

PUBALI BANK HOLDS PROGRAMME ON GREEN FINANCEPubali Bank organised a capacity development programme on 'Sustainable Finance and Green Finance' at the bank's head office on Thursday. Mohammad Ali, managing director and CEO of Pubali Bank, presided over the programme. The day-long programme, participated by other senior officials, was concluded with...

India's Adani says US charges 'baseless', opposition demand arrest

NEW DELHI, Nov 21 (AFP): India's Adani Group on Thursday called US charges that their billionaire tycoon founder Gautam Adani had paid more than $250 million in bribes "baseless", as the opposition leader demanded his arrest.The stiff denial came after shares in the industrialist's conglomerate nosedived more than 23 percent...

Gulf shares slip as geopolitical tensions rise

Stock markets in the Gulf tracked global shares lower on Thursday as tension between Russia and Ukraine kept investors on edge, while Egypt's index snapped a four-day losing streak, reports Reuters.Russia launched an intercontinental ballistic missile during an attack on Ukraine, Kyiv's air force said, after Ukraine fired US and...

China firm to operate first single point mooring

China Petroleum Pipeline Engineering Co. Ltd (CPPEC) has been chosen to operate and maintain (O&M) Bangladesh's first single point mooring (SPM) with double pipeline project, reports UNB.The decision was approved in principle on Thursday by the Advisers Council Committee on Economic Affairs (ACCEA), chaired by Finance Adviser Dr. Salehuddin Ahmed.The...

SONALI BANK HOSTS 'MEET THE BORROWERS'

SONALI BANK HOSTS 'MEET THE BORROWERS' Sonali Bank PLC arranged a programme titled 'Meet the Borrowers' at its Bangabandhu Avenue corporate branch on Thursday. MD & CEO of Sonali Bank Md Shawkat Ali Khan attended the event as the chief guest. Deputy Managing Director Kazi Md Wahidul Islam and General...

EXECUTIVE COMMITTEE MEETING OF SHAHJALAL ISLAMI BANK

EXECUTIVE COMMITTEE MEETING OF SHAHJALAL ISLAMI BANK The 886th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee (EC). Members of the...

Sri Lanka's president makes U-turn on IMF bailout

COLOMBO, Nov 21 (AFP): Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.Leftist President Anura Kumara Dissanayake, who tightened his grip on power last week after winning a huge majority in the legislature...

US calls for breakup of Google and Chrome

WASHINGTON, Nov 21 (AFP): The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant.In a court filing, the US Department of Justice urged a shake-up of Google's business that includes...

Ruchi Beautigram Exhibition begins in city

Ruchi Beautigram Season 6 Exhibition began at Alliance Française in the city's Dhanmondi area on Thursday, says a press release.The event will conclude with an award ceremony tomorrow, according to Ruchi Explore Limitless.This year's competition focused on the theme 'New Bangladesh', which received an overwhelming response, with over 15,000 travel...

PayPal outage affects thousands worldwide

Payments firm PayPal is facing a system issue that may be affecting multiple products, it said on Thursday, reports Reuters.The outage comes on a day bitcoin, the world's largest cryptocurrency, has surged to levels to over $98,000 and pulled other crypto stocks along with it. PayPal allows its clients to...