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

CDBL to apply for custodian licence to strengthen MF oversight

The Central Depository Bangladesh Ltd. (CDBL) is set to take on the role of custodian of mutual funds (MFs) in a move aimed at expanding its portfolio and playing a supportive role in the MF industry.The company, which has so far provided only depository services, will apply for the licence...

Auditor Shiraz Khan Basak under fresh probe over ACME IPO irregularities

The stock market watchdog has launched an inquiry into the auditing firm, Shiraz Khan Basak & Co., to determine its culpability following the detection of grave irregularities in the pre-IPO financial statements of ACME Pesticides, which were audited by the firm.A primary investigation conducted during the interim government found that...

Imtiaz U. Ahmed new MD & CEO of Midland Bank

Midland Bank has appointed Imtiaz U. Ahmed as its new managing director & CEO, according to a press release.A seasoned leader with a proven track record in the financial services sector, Imtiaz joins Midland Bank at a pivotal time-as the institution seeks to expand its market footprint and accelerate its...

Apex launches largest campaign ahead of Eid

Apex Footwear launches its largest campaign of the year ahead of Eid with two of the country's biggest celebrities-Jaya Ahsan and Ziaul Faruq Apurba. With the theme 'Style-e No.1, Eid Trend-e Family Fun', Apex is offering a versatile collection for the whole family this Eid. Apex places special emphasis on...

MODHUMOTI BANK INKS DEAL WITH UNITREND

Modhumoti Bank signed an agreement with Unitrend Limited (affiliated with McCANNWorldGroup) on Sunday at the bank's head office, Gulshan, Dhaka. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, and Muneer Ahmed Khan, managing director & creative chief of Unitrend Limited, signed the agreement. Under this deal, Unitrend Limited...

MONOSPOOL SIGNS MOU WITH JAPAN'S MIYAKOSHI PRINTING MACHINERY

Stock market enlisted paper product manufacturer Monospool Bangladesh has signed an agreement with Japanese company Miyakoshi Printing Machinery on Wednesday. Under the deal, Monospool will buy machineries of advance technology and receive technical assistance. The memorandum of understanding (MoU) was signed at the corporate office of Monospool Bangladesh. The intersection...

SONALI BANK SIGNS AGREEMENT WITH POPULAR DIAGNOSTIC CENTRE

Sonali Bank PLC signed an agreement with Popular Diagnostic Centre Limited at the bank's head office on Wednesday. Deputy Managing Director of the bank Md. Rezaul Karim and Deputy General Manager of Polpular Diagnostic Centre Achinto Kumar Nag signed the agreement on behalf of their respective organisations. Under the agreement,...

PRAGATI INSURANCE HOLDS 340TH BOARD MEETING

The 340th meeting of the Board of Directors of Pragati Insurance PLC was held at the Head office of the company in Dhaka on Tuesday. Syed M. Altaf Hussain, Chairman of the company, presided over the meeting. Directors Khalilur Rahman, Mohammed Abdul Malek, Nasir Latif, Md Mushfiqur Rahman, Nahreen Yeahea...

ISLAMIC FINANCE HOLDS 374TH BOARD MEETING

The 374th meeting of the Board of Directors of Islamic Finance and Investment PLC (IFIPLC) was held at its Head Office on Wednesday. S. M. Bakhtiar Alam, Chairman of the Board of Directors, presided over the meeting. Vice Chairmen Abul Quasem Haider, Independent Directors Shayema Akter, Dr. Daulatun Naher Khanam...

Thomson Reuters shares rally after CoCounsel AI tool draws 1 million users

Thomson Reuters shares jumped more than 11 per cent on Tuesday after the technology and content firm said its artificial intelligence-powered assistant for businesses, CoCounsel, has drawn one million users, easing fears of disruption by competing AI tools, reports Reuters.The stock posted its biggest percentage gain since 2009. The jump...