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

Here is why investors show increased appetite for shares of Sonali Aansh

Sonali Aansh Industries has been flying high on the Dhaka Stock Exchange (DSE) in the last two weeks but the company representatives say no undisclosed price-sensitive information is behind it. The export-oriented jute goods manufacturer's stock price climbed 37 per cent during the period to Tk 333.6 per share by...

Regulator orders probe into price escalation of Taufika Foods

Bangladesh Stock market watchdog has ordered the premier bourse to find out reasons behind the 250 per cent increase in the share price of Taufika Foods and Lovello Ice-cream in less than six months to July 15.The stock of Taufika Foods was around Tk 30 per share on the Dhaka...

SK Trims resumes operation, with bank accounts unblocked

SK Trims & Industries resumed operation on Saturday after two weeks' suspension as its bank accounts have been unblocked following a High Court stay order.The High Court on September 18 overruled the order passed by the Judge Court asking the Bangladesh Financial Intelligence Unit (BFIU) to freeze the bank accounts...

NEW IFIC BANK CHAIRMAN EXCHANGES VIEWS WITH EMPLOYEES

The newly-appointed chairman of IFIC Bank, Md Mehmood Husain, addressed colleagues at a "Meet the Chairman" event held at the IFIC Tower in Purana Paltan on Sunday. Managing Director Syed Mansur Mustafa delivered the introductory speech and welcomed the chairman along with all the members of IFIC's board of directors....

DHAKA BANK SHIFTS DEPZ BRANCH TO NEW LOCATION

Dhaka Bank on Sunday relocated its DEPZ branch to a spacious new premises at the Commercial Complex, in ward No. 6, of Ashulia's Dhamshona, Dhaka-1341, to provide advanced customer services. A K M Shahnawaj, managing director of Dhaka Bank, inaugurated the relocated branch as the chief guest. Bank officials, local...

PUBALI BANK ARRANGES ORIENTATION EVENT FOR NEW RECRUITS

A five-day long orientation programme was arranged for Pubali Bank's 146 newly recruited junior officers. The course is designed aiming to familiarise participants with the concepts, principles, rules, regulations, laws, and practices of the bank. Managing Director and Chief Executive Officer Mohammad Ali was present among other bank officials as...

OBOR team keen to help with BD's development projects

A visiting high-profile delegation from the Global Confederation of Belt and Road Economic Cooperation (OBOR) has shown interest in supporting Bangladesh for advancing its long-term goals for a prosperous and green future.The delegation members, who arrived in Dhaka on a five-day visit on September 21, met high officials of the...

Millennium Information Solution achieves ISO certification

Millennium Information Solution Ltd has achieved the prestigious ISO/IEC 27001:2022 certification, the latest global standard for Information Security Management Systems (ISMS), says a statement. This accomplishment underscores the company's commitment to safeguarding sensitive information and adhering to the highest international security standards.The certification, awarded by Bureau Veritas, followed a comprehensive...

Local Government Division holds meeting on dengue

Local Government Division (LGD) held an emergency meeting on Monday to discuss ways to combat dengue effectively across the country. The division's Secretary Abu Hena Morshed Zaman presided over the meeting held at its conference room. Additional Secretaries of LGD Md Nazrul Islam, AKM Tariqul Alam and Md. Fazlur Rahman,...

ICA PRESIDENT MEETS BTMA LEADERS

International Cotton Association (ICA) President Kim Hanna and its Managing Director Bill Kingdon met with BTMA President Showkat Aziz Russell at the BTMA's Gulshan office in Dhaka on Monday. BTMA Vice Presidents Md. Shamim Islam, Md. Abul Kalam, and Saleudh Zaman Khan, Director Shafiqul Islam Sarker and members of the...

Branch Manager Conference of Union Bank PLC

The Branch Manager Conferences of Union Bank PLC was held at the bank's Head Office in Dhaka to achieve the business target 2024. Chairman of the Board of Directors of Union Bank Md. Fariduddin Ahmad was present as the chief guest. Chairman of the Audit Committee Sheikh Zahidul Islam, Chairman...

WTO to examine China complaint over US electric vehicle subsidies

GENEVA, Sept 23 (AFP): The World Trade Organization agreed Monday to establish an expert panel to examine US subsidies for electric vehicles after Beijing accused Washington of unfair competition.The United States slammed China's complaint, insisting the country was seeking "to distract from its own non-market policies and practices that undermine...

Big UK investors poised to buy the dip in US property

LONDON, Sept 23 (Reuters): British investment managers Legal & General and Schroders are to invest hundreds of millions of dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies told Reuters.The fund managers, which oversee more than 1.9 trillion pounds...

Apollo eyes $5b investment in Intel

NEW YORK, Sept 23 (Reuters): US-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday.Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in...

TSMC, Samsung consider building chip factories in UAE

SINGAPORE, Sept 23 (Reuters): Two of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday.Top executives at TSMC have visited the UAE...