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

Probe launched into Associated Oxygen's alleged IPO malpractices

The market regulator has begun an investigation into Associated Oxygen over alleged irregularities in its initial public offering (IPO) application.A group led by Kazi Saifur Rahman of NRB Equity Management and controversial ex-NBR official Matiur Rahman had reportedly committed serious fraud, involving the issuance of placement shares and forged signatures...

Dominage Steel rallies 120pc despite losses, factory shutdown

Dominage Steel Building Systems has continued its unabated rally despite having a significantly negative P/E (price-to-earnings) ratio and one of its factory units being shut down.The company's stock price jumped 120 per cent to Tk 36.70 a share between September 22 last year and February 24 this year.However, neither the...

Indonesia's fix for market turmoil is turning off investors

SINGAPORE, Feb 24 (Reuters): Indonesian authorities have struggled to arrest a creeping loss of confidence in financial markets and recent policy responses appear to have even increased investor unease.The currency of the biggest economy in Southeast Asia, the rupiah, has been pinned near record lows since President Prabowo Subianto picked...

DHAKA BANK INKS DEAL WITH SIDDHESHWARI GIRLS' COLLEGE

Dhaka Bank signed an agreement with Siddheswari Girls' College to collect fees of students through a secure and technology-driven payment solution. The agreement was signed by HM Mostafizur Rahaman, SEVP & head of retail business division, Dhaka Bank, and Professor ABM Mashiul Hossain, principal of Siddheswari Girls' College. Under the...

MODHUMOTI BANK SIGNS AGREEMENT WITH RSA ADVISORY LIMITED

Modhumoti Bank signed an agreement with RSA Advisory Limited on Sunday at the bank's head office, in Gulshan, Dhaka. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, and K Mahmood Sattar, chairman of RSA Advisory Limited and former MD & CEO of City Bank and Eastern Bank, signed...

CIC gets new chief

In a major administrative reshuffle after the BNP took administrative office, the National Board of Revenue (NBR) has appointed a new director general to its Central Intelligence Cell (CIC), reports bdnews24.com.The Commissioner of Taxes, Income Tax Intelligence and Investigation Unit Mohammod Abdur Raquib will lead the CIC. Lutfunnahar Begum, commissioner...

New BADC chief visits projects

Newly appointed Chairman of Bangladesh Agricultural Development Corporation (BADC) Md Azizul Islam has recently visited various field activities after assuming office on February 8.The chairman visited BADC's vapour heat treatment project at Gabtoli in Dhaka, inspected an under-construction prefabricated fertiliser warehouse and observed fertiliser loading and unloading activities at Aminbazar...

Ramanath new MD of BIFPCL

Engr Ramanath Pujari has joined as Managing Director of Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL) on Tuesday, says a press release. Prior to joining this position, Mr Pujari was serving as Project Director at Maitree Super Thermal Power Project (MSTPP), Rampal, BIFPCL, and as Executive Director in NTPC Ltd....

JANATA BANK HOLDS 876TH BOARD MEETING

The 876th board meeting of Janata Bank PLC was held on Tuesday, with Chairman of the Board of Directors Md Fazlur Rahman in the chair. Directors Badre Munir Ferdous, Dr Md Abdus Sabur, Abdul Majid Sheikh, Abdul Awal Sarker, Dr Md Shahadat Hossain, Md Ahsan Kabir, Md Obaidul Haque and...

STANDARD ISLAMI BANK HOLDS 423RD BOARD MEETING

The 423rd Board Meeting of Standard Islami Bank PLC was held at the bank's Head Office in Dhaka on Tuesday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. It was attended by Vice Chairman Gulzar Ahmed, Directors Kamal Mostafa Chowdhury, Ashok Kumar Saha, Ferozur Rahman,...

Gulf markets mixed, Saudi Arabia down on fiscal worries

BANGALORE, Feb 24 (Reuters): Gulf stock markets were mixed on Tuesday, with Saudi Arabia losing ground on fiscal concerns, while Dubai built on the prior session's gains.Saudi Arabia's benchmark stock index fell 0.6 per cent after a slight recovery in the prior session, as the kingdom's budget deficit widened quarter-on-quarter...

IT rout drags Indian markets

Indian equity benchmarks tumbled on Tuesday, dragged by information technology stocks which are on course for their worst month since April 2003 on persistent fears of AI-driven disruption, reports Reuters.The Nifty 50 fell 1.12 per cent to 25,424.65 and the BSE Sensex shed 1.28 per cent to 82,225.92. IT stocks...

Global shares dip, investors twitchy about AI disruption

SINGAPORE/LONDON, Feb 24 (Reuters): Global shares tumbled for a second day on Tuesday, as sentiment suffered on a range of factors, from uncertainty over US President Donald Trump's tariff policy and geopolitical tensions to renewed worries about the upheaval to the economy from AI.After the Supreme Court ruled Trump's emergency...