The securities regulator has granted additional time to eight more market intermediaries to ensure compliance with provisioning requirements for unrealised losses and to adjust negative equity.The extension will take effect after December 31 this year, when the current deadline expires."Some institutions have been given one more year, some two years,...
Read moreFortune Shoes' profit nosedived to Tk 19 million in FY25 as non-operating income shrank significantly.The shoe manufacturer's profit tumbled 77 per cent year-on-year in FY25, according to a stock exchange filing on Tuesday.Fortune Shoes, based mainly in the southern division of Barishal, reported earnings per share of Tk 0.11 for...
Read moreNCC BANK, MASTERCARD UNVEIL PREMIUM CARD PORTFOLIONCC Bank and Mastercard have announced a strategic collaboration to launch a portfolio of three premium cards. The cards -- Multicurrency Business Debit Card, Multicurrency Platinum Debit Card, and Titanium Credit Card - were tailored to meet the evolving needs of diverse customer segments....
Read moreMahtab Osmani Mahtab Osmani joined Bank Asia as deputy managing director & head of corporate business, international banking, and export finance, effective from Tuesday, according to a press release.Mr. Osmani brings 24 years of distinguished experience from Standard Chartered Bank, where he progressed from an analyst role to senior leadership...
Read morePRIME BANK LAUNCHES COUNTRY'S FIRST AI-POWERED LC PLATFORM Prime Bank has recently launched Prime Banijjo, the country's first AI-powered digital letter of credit (LC) management platform. The event featured an interactive experience session where corporate clients and trade partners explored the platform's advanced capabilities, including intelligent LC drafting, automated compliance...
Read moreEBL PARTNERS WITH SSCL TO LAUNCH ADVANCED SUPPLY CHAIN FINANCE PLATFORMEastern Bank on Monday signed an agreement with Spectrum Software and Consulting (SSCL) to implement OptiFin, a flagship supply chain finance solution by SSCL. Riad Mahmud Chowdhury, deputy managing director and head of Corporate Banking at EBL, and Mushfiqur Rahman,...
Read moreCHATTOGRAM, Nov 25: Unilever Bangladesh Limited, in partnership with Young Power in Social Action (YPSA) and Chattogram City Corporation (CCC), organised the Youth Champions of the Environment 2025 event in Chattogram on Tuesday, bringing together 200 youth committed to supporting environmental sustainability and responsible waste management practices.Bangladesh is grappling with...
Read moreThe Institute of Chartered Accountants of Bangladesh (ICAB) and the Institute of Chartered Accountants in England and Wales (ICAEW) formally signed an Extension Agreement to the existing ICAEW-ICAB Memorandum of Understanding (MoU) at the Chartered Accountants' Hall, Moorgate Place, in London recently. The renewed agreement strengthens the long-standing collaboration between...
Read moreManaging Director of Saudi-Bangladesh Industrial and Agricultural Investment Company (SABINCO) Md Maroof ur Rahman Mazumder handed over a cheque for Tk 75 million as a dividend for the year ended 2024 to Finance Adviser Dr. Salehuddin Ahmed recently. Dr. Md. Khairuzzaman Mozumder, Secretary, Finance Division; Nazma Mobarek, Secretary, Financial Institutions...
Read moreBGMEA University of Fashion and Technology (BUFT) and News Broadcasters' Alliance Society of Bangladesh (NBA) signed a Memorandum of Understanding (MoU) on the BUFT's Nishatnagar campus on Tuesday, establishing a partnership to expand educational and professional development opportunities for the news broadcasting community. Under the MoU, BUFT will provide NBA...
Read moreChinese e-commerce giant Alibaba, beat analysts' estimates for quarterly revenue on Tuesday as investments in one-hour delivery helped drive more users to its shopping apps, while its cloud division reported strong growth, reports Reuters.US-listed shares of the company rose 4 per cent in premarket trading. The company reported revenue of...
Read moreGO-LIVE SESSION OF BISDP INAUGURATED Go-Live session of the G-4 and G-10 packages of Bangladesh Insurance Sector Development Project (BISDP) were inaugurated at the head office of Jibon Bima Corporation in Dhaka on Tuesday. Md Muhibuzzaman, Managing Director of Jibon Bima, was present at the inaugural ceremony as the chief...
Read moreATOMIC SCIENCE AND TECHNOLOGY FAIR BEGINS IN DHAKA Secretary of the Ministry of Science and Technology Md Anwar Hossain inaugurated the 'Atomic Science and Technology Fair-2025' at the Atomic Energy Centre in Dhaka on Tuesday. BAEC Chairman Dr Md Mazibur Rahman, BCSIR Chairman Dr. Samina Ahmed, and Member (Physical Sciences)...
Read moreUnited Finance has officially launched 'URise', a dedicated loan programme designed to empower startups under Bangladesh Bank's refinancing scheme. The inauguration ceremony was recently held at the company's head office, marking a significant step toward fostering innovation and entrepreneurship in Bangladesh. Applications for the programme are being collected digitally through...
Read morePOLICY DIALOGUE ON 'PREVENTION OF LEAD POISONING'Bangladesh Standards and Testing Institution (BSTI), Unicef and the Environment and Social Development Organisation (ESDO) jointly organised a high-level policy dialogue on 'Prevention of lead poisoning and updating standards for industrial paints, cookware and toys' on Tuesday. Syed Margub Morshed, former Secretary and Chairperson...
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