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

Regulator must offer benefits for IPOs of multinational firms: Rupali Chowdhury

The equity market lacks incentives to attract multinational companies, said the chief of the association of listed companies. "There is a dearth of good companies in the equity market. The government should provide policy support and tax incentives to inspire multinational firms operating in Bangladesh to join the stock market,"...

Stocks plunge as market sees widespread sell-offs

Stocks closed in the red on Sunday as there were widespread sell-offs across the sectors during the trading session. The prime index of the Dhaka Stock Exchange (DSE) saw erosion of 18.34 points to settle at 5,183.Dhaka stocks plunged as selling pressure mounted ahead of the Eid vacation to begin...

Munshiganj's potato farmers grapple with low prices despite bumper harvest

Munshiganj, Mar 23 (UNB): Despite achieving a bumper potato harvest this year, farmers in Srinagar upazila of Munshiganj district are facing severe financial losses due to low market prices. The situation has left many growers worried, particularly as storage constraints and transportation issues add to their woes. This season, potato...

Midland Bank elects new chairman

Ahsan Khan Chowdhury has been elected as chairman of Midland Bank, said a press release. The decision was made at the bank's 165th meeting of the board of directors last Thursday.Mr. Chowdhury is one of the sponsor directors and a member of the bank's executive committee. He also serves as...

Govt appoints administrator to BCCCI

The government has appointed an administrator to the Bangladesh China Chamber of Commerce and Industry (BCCCI), says a statement. Mst. Nargis Murshida, Joint Secretary, Ministry of Commerce, took charge of the BCCCI on Sunday, according to an order by the Commerce Ministry issued recently. The newly appointed administrator has been...

EBL SIGNS BANCASSURANCE AGREEMENT WITH PIONEER INSURANCE

Eastern Bank signed an agreement on bancassurance with Pioneer Insurance Company Limited. Ali Reza Iftekhar, managing director and CEO of EBL, and Syed Shahriyar Ahsan, CEO of Pioneer Insurance, signed the agreement at the bank's head office in Dhaka on Sunday. The bank's DMD and head of retail and SME...

IFIC BANK DISTRIBUTES NEW CLOTHES TO UNDERPRIVILEGED CHILDREN

To spread the joy of Eid, IFIC Bank has recently distributed new clothes among underprivileged children at various children's homes, orphanages and madrasas across the country. Md Rafiqul Islam, Deputy Managing Director & Chief of Branch Business of IFIC Bank, said, "As an institution, we take this initiative to share...

500TH MEETING OF DESCO BOARD OF DIRECTORS HELD

The 500th meeting of the DESCO Board was held on Sunday at SCADA Centre in Dhaka. The meeting began with Chairman of the DESCO Board, Muhammad Rafiqul Islam, presenting floral greetings and commemorative crests to all Board members on the occasion of the 500th meeting. DESCO's Managing Director Brig Gen...

Yamaha Hosts Iftar Meet-up

Popular motorcycle brand Yamaha recently organised the 'Yamaha Iftar Meet-up' across the country, drawing over 10,000 customers. The grandest event took place at a five-star hotel in Dhaka, where more than 700 Yamaha customers attended. Subrata Ranjan Das, Deputy Managing Director of ACI Motors and other senior officials were also...

UK to cut govt costs by 15pc

LONDON, Mar 23 (AFP): UK finance minister Rachel Reeves said Sunday she plans to cut the costs of running government by 15 per cent within four years, as she grapples with strained public finances.Her comments came ahead of her crucial Spring Statement on Wednesday when she is expected to detail...

OpenAI, Meta in talks with Reliance for AI partnerships

NEW YORK, Mar 23 (Reuters): OpenAI and Meta Platforms have held separate discussions with India's Reliance Industries over potential partnerships to expand their artificial intelligence offerings in the country, technology news website The Information reported on Saturday.A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute...