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

Envoy Textiles bets on recycled cotton to scale up production, cut costs

Envoy Textiles has decided to invest in resource mobilisation, through which recycled and recovered cotton will be used to produce yarn at scale.The implementation of the plan will improve waste management as well as expand production capacity, helping the company forgo reliance on external sourcing.The amount to be invested is...

BSEC bans 3 firms over Ring Shine audits

The securities regulator has taken punitive action against three audit firms and their three partners over serious irregularities in the auditing of Ring Shine Textiles Limited.The Bangladesh Securities and Exchange Commission (BSEC) has imposed a three-year ban on the audit firms Ata Khan & Co., Mahfel Huq & Co., and...

MTB FOUNDATION DISTRIBUTES GRANT TO FISHING COMMUNITIES OF CHANDPUR

MTB FOUNDATION DISTRIBUTES GRANT TO FISHING COMMUNITIES OF CHANDPURMTB Foundation, as part of its project titled 'Creating Alternative Livelihood for Vulnerable Fishing Communities through Income Generating Activities (IGAs)' distributed livelihood assets grant to households of the vulnerable fishing communities at Lalpur union and Chandpur municipality in Chandpur. MTB Foundation distributed...

CITY BANK, WATER.ORG LAUNCH JOINT INITIATIVE FOR SAFE WATER, SANITATION

CITY BANK, WATER.ORG LAUNCH JOINT INITIATIVE FOR SAFE WATER, SANITATION City Bank and Water.org launched a two-year partnership initiative in Bangladesh to expand access to safe water and sanitation through innovative MSME financing and community engagement. Under this initiative, small and medium entrepreneurs in remote areas will be able to...

Stocks swing as peace talk hopes wobble

HONG KONG, April 27 (AFP): Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys' trip for peace talks at the weekend.Hopes that the two sides could make progress during negotiations in Pakistan...

Could Asia be the unlikely winner in Iran war fallout?

HONG KONG, April 27 (Reuters): Asia has been the most vulnerable region in the Iran war given its heavy reliance on Middle East energy, but it could turn out to be a major winner from several long-term trends this conflict is likely to accelerate, including higher cybersecurity investment, the pivot...

SYNGENTA HANDS OVER WPPF FUND CHEQUE TO LABOUR MINISTRY

SYNGENTA HANDS OVER WPPF FUND CHEQUE TO LABOUR MINISTRY Syngenta Bangladesh Limited has recently handed over the Workers Profit Participation Fund (WPPF) cheque for the year 2025 to Md. Abdur Rahman Tarafder, Secretary of the Ministry of Labour and Employment. The handover represents Syngenta's commitment to ensuring employee welfare and...

FAO, bKash sign deal to enable faster cash assistance, incentive distribution

FAO, bKash sign deal to enable faster cash assistance, incentive distributionThe Food and Agriculture Organization (FAO) will now disburse cash assistance and incentives directly to its beneficiaries through bKash. An agreement was recently signed between the two organisations at the FAO Bangladesh Country Office in Dhaka. Jiaoqun Shi, FAO Representative;...

IFIPLC HOLDS 376TH BOARD MEETING

IFIPLC HOLDS 376TH BOARD MEETINGThe 376th meeting of the Board of Directors of Islamic Finance and Investment PLC (IFIPLC) was held at its Head Office on Sunday. Chairman of the company S. M. Bakhtiar Alam presided over the meeting. Among others, Vice Chairmen Abul Quasem Haider and Mostanser Billa, Independent...