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

BSC to purchase six vessels for $330m

The Bangladesh Shipping Corporation (BSC) has received primary approval from the Planning Commission (PC) for its $330.32 million project to acquire six container vessels from South Korea.Each ship will have a capacity of 2,500 to 3,000 twenty-foot equivalent units (TEUs), the corporation said in a stock exchange filing on Sunday.BSC...

S Alam Steels stock prices jump 72pc in seven days despite business woes

S Alam Cold Rolled Steels, owned by the embattled S Alam Group, has seen its stock price surge dramatically on the Dhaka Stock Exchange (DSE), despite its ongoing business challenges. In just seven trading days, the steel-maker's stock has jumped 72 per cent to Tk 16.90 on Sunday. This increase...

BRAC BANK OPENS RELOCATED ELEPHANT ROAD BRANCH

BRAC BANK OPENS RELOCATED ELEPHANT ROAD BRANCH BRAC Bank has relocated its Elephant Road Branch to spacious premises, which will provide customers with more convenience and superior amenities. Selim R. F. Hussain, Managing Director & CEO, BRAC Bank, along with other officials formally inaugurated the branch at Akram Serenity building...

EXIM BANK RELOCATES ISLAMPUR BRANCH

EXIM BANK RELOCATES ISLAMPUR BRANCHExim Bank Islampur branch has been shifted to a new location to provide better customer service. Managing Director (Current Charge) of the bank M Akhter Hossain was present as the chief guest at the inaugural ceremony held at the new office at Shuvoraj Tower (2nd Floor),...

Niranjan Debnath new ICB Managing Director

Niranjan Chandra Debnath joined the Investment Corporation of Bangladesh (ICB) as its Managing Director recently, says a statement. Previously, Mr Debnath had served as the Managing Director of Rajshahi Krishi Unnayan Bank (RAKUB), as Deputy Managing Director & Chief Anti-Money Laundering Compliance officer (CAMLCO) of Sonali Bank PLC and as...

AB BANK ARRANGES GET-TOGETHER OF FORMER OFFICIALS

AB BANK ARRANGES GET-TOGETHER OF FORMER OFFICIALS AB Bank PLC has recently organised a get-together in honour of its former officials in recognition of their invaluable contributions to the bank. Founding chairman of the bank M Morshed Khan and former chairman Faisal Morshed Khan attended the event. Md Fazlur Rahman,...

Bagerhat farmers reluctant to sell Aman paddy to govt — here is why

Despite a good yield of Aman paddy in Bagerhat's saline-prone lands this season, government warehouses remain empty as farmers prefer private sales due to higher market prices, officials said, reports UNB.They said the government had set the procurement price at Tk 1,320 per maund, whereas the market price ranged between...

Padma Bank holds 123rd Board Meeting

Padma Bank holds 123rd Board MeetingThe 123rd meeting of the board of directors of Padma Bank PLC was held at its Gulshan head office on Thursday. The meeting was chaired by Padma Bank Chairman, Managing Director & CEO of Sonali Bank PLC Md Shawkat Ali Khan. The meeting was conducted...

Union Bank holds 6th meeting of Risk Management Committee

Union Bank holds 6th meeting of Risk Management CommitteeThe 6th meeting of the newly-formed Risk Management Committee of Union Bank PLC was held at the bank's head office in the city on Sunday. Chairman of the Risk Management Committee Md Humayun Kabir presided over the meeting. Union Bank Risk Management...

Uttara Bank opens its Laldighi branch at new premises

Uttara Bank opens its Laldighi branch at new premisesUttara Bank PLC opened its Laldighi branch at new premises in Chattogram (K.S.R City Centre, Holding No-322, J.M Sen Avenue, Kotowali) on Sunday. Maksudul Hasan, Deputy Managing Director of the bank, inaugurated the branch. Deputy Managing Directors Md Abul Hashem, Md Rezaul...

BARI holds Training on Pesticide Residue Analysis in Fish Sample

BARI holds Training on Pesticide Residue Analysis in Fish SampleA training on "Pesticide Residue Analysis in Fish Sample" organised by the Entomology Division of Bangladesh Agricultural Research Institute (BARI) was held at Entomology Division Seminar Room on Sunday. Technical staff from the Department of Fisheries participated in the training programme....

BEZA plans to implement 20 SEZs in 20 years

Bangladesh Economic Zones Authority (BEZA) is planning to implement 20 Special Economic Zones (SEZs) within 20 years under three phases, reports BSS.The information was revealed on Sunday at a national workshop on "Economic Zone Prioritisation and Phasing Offsite Infrastructure Planning and Development Mechanism" at Bangladesh Investment Development Authority (BIDA) conference...

Hotel Sarina Dhaka offers exclusive Iftar items for Ramadan

Ramadan, the Muslim holy month, will start on March 02. Since Ramadan is a special time, Hotel Sarina Dhaka brings the opportunity for the Muslims to take the exclusive Iftar under the same roof with all, says a press release.To get into the spirit of renewal, the signature restaurant "Summerfields"...

ACCA BD’s thought leadership symposium held

The global accounting body- The Association of Chartered Certified Accountants (ACCA) hosted an ACCA Symposium - A Thought Leadership Session on BPO, GTT & Sustainability on Saturday, says a press release. The full-day event brought together approximately 200 senior officials, ACCA members, industry thought leaders, policymakers, and experts to discuss...