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

Who own BO accounts frozen by regulator, why the crackdown

The new securities commission under the leadership of Khondoker Rashed Maqsood froze assets in 617 beneficiary owner's (BO) accounts mostly upon receiving court orders or requests from several government agencies over corruption allegations. There were also cases of misconduct, mainly share price manipulation, and non-compliance with securities laws, and so,...

Jamuna Bank promotes Shahidul Islam as DMD

Jamuna Bank promoted Md. Shahidul Islam to the esteemed position of deputy managing director (DMD), effective from April 28 this year. The move underscores the bank's continued commitment to recognising experienced leadership and fostering sustainable growth through vision and integrity, according to a press statement.With over 30 years of experience...

Olympic Industries to invest more in cookie production

The country's leading biscuit and confectionery producer Olympic Industries has decided to invest in "multi colour cookie production" to stay ahead of competitors after its recent investment in production of crackers, chocolate, chanachur, and cake.In a stock exchange filing on Thursday, the company said its board of directors had planned...

MoU inked to market Chinese eco-friendly e-bike in BD

A Memorandum of Understanding (MoU) was inked between state-owned Atlas Bangladesh Limited and Chinese electric scooter and bike manufacturer Zhejiang Luan Electric Vehicle Company Limited to successfully market electric bikes (e-bikes) in the country, reports BSS.In presence of Additional Secretary of the Industries Ministry Md Nuruzzaman, the MoU was inked...

bKash offers Hisense fridge, TV to highest remittance recipients

Mobile financial service provider bKash has announced a special Eid campaign to encourage remittance inflow through formal banking channels. As part of the initiative, the highest daily remittance recipient on a bKash account will receive a Hisense deep freezer, while the second highest will be awarded a 43-inch Hisense smart...

Daraz launches Big Eid Sale

As Eid-ul-Adha approaches, Daraz Bangladesh has unveiled its most anticipated campaign of the season, the 6.6 Big Eid Sale, running from May 20 to June 6. The campaign promises unmatched convenience and value for online shoppers, offering Flash Sale of up to 80% off, extra savings with Daraz and seller...

No place to hide from any China-Taiwan conflict, investors say

SINGAPORE, May 22 (Reuters): Foreign investors could once barely imagine that China would invade neighbouring Taiwan, but with Donald Trump as president of the United States, many view it as a tail-risk scenario they must prepare for, although they cannot find ways to do so.The democratically-governed island has long been...

MERCANTILE BANK'S STEEL MILL SUB BRANCH SHIFTS TO NEW LOCATION

The Steel Mill Sub Branch of Mercantile Bank has been shifted on Thursday, May 22, to Ali Building, Narikel Tola, ward no-39, Chattogram City Corporation. Mati Ul Hasan, managing director, virtually inaugurated the branch as the chief guest by cutting ribbon in a ceremony arranged at the head office of...

BB, BRAC BANK SIGN SME ENTREPRENEURSHIP DEVELOPMENT DEAL

BRAC Bank signed an agreement with the Bangladesh Bank to train SME entrepreneurs as part of the Entrepreneurship Development Program under Skills for Industry Competitiveness and Innovation Program (SICP) of the Ministry of Finance. Under the initiative, 28 banks and financial institutions, including BRAC Bank, will impart training to 3,000...

PRIME BANK PARTNERS WITH CORACLE GMBH FOR EDUCATION IN GERMANY

Prime Bank entered into a strategic partnership with Coracle GmbH, a trusted provider of blocked account services in Germany, to simplify and expedite the visa application process for Bangladeshi students pursuing higher education in Germany. Recently, a signing ceremony was held at the bank's Gulshan corporate office. Md. Nazeem A....

SONALI INVESTMENT HOLDS 15TH AGM

The 15th Annual General Meeting (AGM) of Sonali Investment PLC, a subsidiary of Sonali Bank PLC, was held at the bank's head office conference room on Wednesday. Chairman of Sonali Investment and MD & CEO of Sonali Bank Md Shawkat Ali Khan presided over the meeting. Among others, Sonali Investment...

Rupali Bank sets up safe drinking water facility at Mugda Hospital

Rupali Bank PLC's Mugda Branch has installed a safe drinking water facility at Mugda Medical College and Hospital, ensuring free access to clean water for patients, their relatives, and visitors. The initiative was officially inaugurated by Rupali Bank Managing Director Kazi Md Wahidul Islam, Director of Mugda Medical College and...

Karmasangsthan Bank opens two branches in Gaibandha

The inauguration of the 279th and 280th branches of Karmasangsthan Bank at Gobindaganj and Sundarganj upazilas of Gaibandha district was held on Thursday. Former Secretary and Chairman of the Board of Directors of Karmasangsthan Bank AFM Matiur Rahman inaugurated the branches as the chief guest. Gaibandha Deputy Commissioner Choudhury Muazzam...

Union Bank holds 9th Risk Management Committee Meeting -

The 9th meeting of the newly formed Risk Management Committee of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Wednesday. Chairman of the Risk Management Committee Md. Humayun Kabir presided over the meeting. Member of the committee & Independent Director Dr. Md. Shahidul Islam Zahid...

RAKUB holds 592nd board meeting

The 592nd meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held at its head office in the city on Thursday. Chairman of the bank Prof Dr Mohammad Ali presided over the meeting. RAKUB Managing Director Wahida Begum was also present, among others.