Stocks ended marginally higher on Thursday, after a two-day correction, as bargain hunters showed their buying interest in selective issues.The market swung between positive and negative territories before closing marginally higher although prices of most stocks remained unchanged.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled the day...
Read moreThe stock market regulator has formed a three-member committee to investigate the financial statements of Bay Leasing & Investment for the year ended on December 31, 2021 as the company reported a loss for the first time.The three-member committee, led by M Kawsar Ali, additional director of Bangladesh Securities and...
Read moreThe stock market regulator has granted approval to a proposal of Eastern Bank Limited to issue a seven-year non-convertible 3rd subordinated bond worth Tk 5.0 billion for raising 'Tier-II Capital Base' of the bank."Bangladesh Securities and Exchange Commission (BSEC) has given consent for issuance of non-convertible third subordinated bond worth...
Read moreCHATTOGRAM, Sept 22: Korean consulting firms Kunhwa Engineering & Consulting Company Limited and Deyen Yang (DY) Engineering Company Limited on Wednesday submitted the master plan of Bay Terminal to the Chittagong Port Authority (CPA), source said. The Republic of Korea (ROK)'s joint venture companies were appointed as consultant for the...
Read moreA total of 101 amendments have been made in the Labour Rules-2015 with the aim of establishing the rights and welfare of the working class people of the country and facilitating the greater enforcement and implementation of the Bangladesh Labour Act, 2006, reports BSS.The Ministry of Labour and Employment has...
Read moreWomen own only 6.89 percent of agricultural land in the climate-vulnerable areas of Bangladesh while men own 93.11 per cent, according to a pilot survey by the Bangladesh Bureau of Statistics (BBS), reports UNB.The findings of the survey on sex, age, and disability disaggregated data (SADDD) on climate change adaptation...
Read moreTwo Bangladesh projects, are amongst six winners of the 2022 Aga Khan Award for Architecture (AKAA), reports UNB.A monograph that includes essays on issues raised by the Master Jury's selections of the shortlist and the winners for the 2022 Award will be published by Architangle in October 2022, according to...
Read moreMercantile Bank Limited opened Shariah-based complete 'Islamic Banking Branch' at Dilkusha in the capital on Thursday. The bank's Chairman Morshed Alam, MP, inaugurated the branch by cutting a ribbon as the chief guest while Managing Director & CEO Md Quamrul Islam Chowdhury presided over the opening ceremony. ASM Feroz Alam...
Read moreSouth Bangla Agriculture & Commerce (SBAC) Bank Ltd. and The Institute of Chartered Accountants of Bangladesh (ICAB) signed an MoU on Documents Verifications System (DVS). Habibur Rahman, Managing Director & CEO (CC) of SBAC Bank, and Md Shahadat Hossain, President of ICAB, inked the MoU at the bank's head office...
Read moreThe Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and upay, one of the fastest growing mobile financial service providers in the country, entered into an agreement to disburse stipends through upay. BGMEA President Faruque Hassan and upay Managing Director and CEO Rezaul Hossain signed the agreement recently. Under this agreement,...
Read moreA business review meeting with the participation of regional managers and branch managers under the Rajshahi Division of Karmasangsthan Bank was held on Thursday at Postal Academy, Naodapara, Rajshahi. Managing Director Shirin Akhter was present as the chief guest in the meeting. General managers of the bank Meher Sultana and...
Read moreDisbursement of dividend Bangladesh General Ins Co. Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.Board meetingKDS Accessories Limited: A meeting of the board of directors will be held on October 02, 2022 at 4:00 pm to consider, among...
Read moreLONDON, Sept 22 (Reuters): Britain's financial watchdog set out plans on Thursday to clarify which operators must be licensed to trade stocks and bonds in its latest post-Brexit move to keep London's capital market competitive.Britain's new Prime Minister Liz Truss has promised to "unshackle" the City of London from European...
Read moreBENGALURU, Sept 22 (Reuters): The head of WhatsApp's India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on Thursday.Mahatme's exit comes at a critical time for Whatsapp, which is seeking to ramp up its...
Read moreTOKYO, Sept 22 (Reuters): Toyota Motor Corp said on Thursday it plans to produce about 800,000 vehicles worldwide in October, about 100,000 short of its average monthly production plan, due to semiconductor shortages.The reduction could be seen as a worrisome sign that the chip shortage will continue to stymie production...
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