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

BEXIMCO banks on foreign investment to return to profit by next year

Bangladesh Export Import Company (BEXIMCO) has projected a return to profitability by December 2026, provided the government allows foreign investment and operations resume by next month.A recent national daily reported that a group of international investors is keen on investing in BEXIMCO, paving the way for the reopening of BEXIMCO...

MTB inks deal with Credence Housing to provide home loans

Mutual Trust Bank (MTB) and Credence Housing Limited signed a memorandum of Understanding (MoU) on Tuesday to provide clients of Credence Housing Limited home loans at attractive interest rates with faster loan processing facilities.The deal signed at MTB's Corporate Head Office in Dhaka, will make the client's their journey to...

Rupali Bank launches new MFS 'RupaliCash'

State-owned Rupali Bank recently shut down its mobile financial service (MFS) SureCash and launched a new MFS platform, RupaliCash, which uses the latest technology.The bank's Managing Director Kazi Md. Wahidul Islam inaugurated RupaliCash at a grand ceremony at the Rupali Bank head office in the capital's Dilkusha on Thursday, according...

MIDLAND BANK PARTNERS WITH NORTH SOUTH UNIVERSITY TO PROMOTE FINANCIAL LITERACY

Midland Bank, in collaboration with North South University's Career & Placement Centre, organised a seminar on financial literacy at the Syndicate Hall of NSU. The seminar was chaired by Professor Dr. Abdul Hannan Chowdhury, vice-chancellor of NSU, with a welcome address delivered by Professor Dr. Abdur Rob Khan, treasurer &...

BD, Pakistan discuss boosting bilateral ties

Commerce Adviser Sk Bashir Uddin and Pakistan Prime Minister's Trade Coordinator Ihsaan Afzal Khan discussed ways to enhance bilateral trade and investment, strengthen economic cooperation, and take commercial relations to a new level, reports UNB.The meeting was held at the adviser's office at the Secretariat on Thursday.Adviser Bashir Uddin said...

FICCI hosts consultation on Competition Act 2012, BCC functions

The Foreign Investors' Chamber of Commerce and Industry (FICCI) hosted a consultation session titled "Competition Act 2012 and the Functions of the Bangladesh Competition Commission" at its conference hall in the city on Thursday, reports BSS.The session was chaired by FICCI President Zaved Akhtar, with Bangladesh Competition Commission Chairperson AHM...

Closing ceremony of Disaster Management Exercise event held

The closing ceremony of a two-day disaster management exercise event on earthquakes was held at the Bijoy Auditorium of Bangladesh University of Professionals (BUP) on Thursday , according to a press release.BUP's Department of Disaster Management and Resilience (DMR) hosted "Earthquake in Bangladesh: Strengthening Urban Preparedness" during the closing day...

Lutfe Siddiqi warns of potential perils of AI

NEW YORK, Sept 25 (BSS): Chief Adviser's Special Envoy Lutfe Siddiqi has warned of the potential perils of artificial intelligence (AI) despite having enormous benefits."The enormous benefits of AI are self-evident," he told the Security Council High-Level Open Debate on "Artificial Intelligence and International Peace and Security" held at the...

Karmasangsthan Bank holds meeting on activities and future plans

Karmasangsthan Bank held a meeting titled 'Review of activities and future plans for employment generation among the unemployed youth of the country' at its head office on Thursday.Secretary of the Financial Institutions Division under the Ministry of Finance, Nazma Mobarek, attended the meeting as the chief guest, says a press...

IPDC partners with TishCAN for breast cancer awareness

IPDC Finance PLC has partnered with TishCAN to support the upcoming 'TishCAN Pink Afternoon: Breast Cancer Awareness & Wellness' event, scheduled to take place tomorrow at Jogger's Park, Gulshan Society Lake Park in the capital.The Pink Afternoon is a part of TishCAN's Pink October activities. The event will bring together...

Sonali Bank signs agreement with Dhaka College

Sonali Bank PLC signed a contract with Dhaka College to collect all types of charges and fees from students through the Sonali Payment Gateway. MD & CEO of Sonali Bank Md. Shawkat Ali Khan and Principal of Dhaka College Professor A.K.M Elias exchanged the documents after the signing at the...

JANATA BANK HOLDS CTG DIVISIONAL HALF-YEARLY BUSINESS CONFERENCE

Janata Bank PLC held Chattogram Divisional Half-Yearly Business Conference for Branch Managers at a hotel in Chattogram on Thursday. Chairman of the bank Md Fazlur Rahman was present as the chief guest. The bank's Managing Director Md Mazibur Rahman and Deputy Managing Director Md. Golam Mortuza were present as special...

MEENA BAZAR OPENS NEW OUTLET AT MIRPUR 60 FEET ROAD

Meena Bazar, one of Bangladesh's leading supershop brands, has expanded its footprint with the grand opening of a new outlet at 60 Feet Road (Opposite Monipur Boys' School), Monipur, Mirpur-2. Shameem Ahmed Jaigirder, COO of Meena Bazar, along with franchise business partners inaugurated the new outlet on Thursday. Also present...

Asian markets slide as traders prepare for key US data

HONG KONG, Sept 25 (AFP): Stocks skidded Thursday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and jobs data seen as likely to be the next catalysts for action.Investors have been on a buying spree...

'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market

LONDON, Sept 25 (Reuters): As ChatGPT nears its third birthday, at least one in 10 retail investors is using a chatbot to pick stocks, fuelling a boom in the robo-advisory market, but even fans say it is a high-risk strategy that cannot replace traditional advisors just yet.Thanks to artificial intelligence,...