Salta Capital scam exposes regulators' repeated failures in a decade
It is the same story, same mechanism; only the faces behind the scam are different and so are the victims. Regulatory action always comes late after investors have already been robbed of their assets and cash.The securities regulator has issued directives to get bank accounts of the board of directors...
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Apex Spinning shuts factory, lays off 5,000 amid labour unrest
Apex Spinning & Knitting Mills has declared an indefinite shutdown of its Gazipur factory and laid off around 5,000 workers amid labour unrest over service benefits, raising concerns over the company's export commitments and future business operations.The listed export-oriented knitwear manufacturer disclosed the development through the Dhaka Stock Exchange (DSE)...
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Samsung Electronics considers share buyback for stock bonuses, details undecided
SEOUL, June 24 (Reuters): Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026 performance, but that no details including timing or size of the buyback had been decided.The clarification came in a regulatory filing after local media reported that...
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PRIME BANK, EXECUTIVE MOTORS PARTNER TO OFFER BMW SERVICE FACILITIES
Prime Bank has signed an agreement with Executive Motors (BMW Bangladesh) to provide exclusive service facilities and special offers to its customers. The signing ceremony was held recently at Forum Meghna Tower, Bir Uttam Mir Shawkat Sarak, Tejgaon-Gulshan Link Road, Dhaka. The agreement was signed by Mamur Ahmed, SEVP &...
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UPAY-FOODPANDA PARTNER TO SIMPLIFY TRANSACTIONS
UCB Fintech Company's upay, the fast growing mobile financial service of United Commercial Bank (UCB), and foodpanda Bangladesh signed a strategic partnership agreement aimed at promoting seamless, secure, and convenient digital cash collection solution for foodpanda riders across Bangladesh. The agreement was formally signed recently at a ceremony held in...
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MTB FOUNDATION DISTRIBUTES BICYCLES TO FEMALE STUDENTS
To commemorate World Bicycle Day 2026, MTB Foundation distributed free bicycles to the underprivileged meritorious female students of several schools in Dinajpur under its 'Swapno Sarathi' (The Dream Chariot) programme. The campaign aims to enable female students to overcome geographical barriers by facilitating their movement to and from school. The...
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SALES SUMMIT OF SA GROUP HELD
The closing ceremony of the Sales Summit-2026 organised by SA Group of Industries was held recently at a five-star hotel in Cox's Bazar. Distributors, salesmen and related officials from different parts of the country participated in the event. Managing Director of SA Group of Industries Sajjad Arefin Alam was present...
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RUPALI BANK HOLDS MEETING ON CMSME LOAN DISBURSEMENT_
State-owned Rupali Bank PLC held a meeting to discuss ways to strengthen loan disbursement activities in the Cottage, Micro, Small and Medium Enterprises (CMSME) sector. Managing Director Kazi Md. Wahidul Islam presided over the meeting held at the bank's head office in the city on Monday. Deputy Managing Directors Hasan...
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