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

DSE slips back into the red as policy rate hike deflates investor enthusiasm

Stocks ended in the red on Tuesday after rising for two consecutive days, as investors' enthusiasm was deflated by the latest policy rate hike. The policy rate's rise by a further 50 basis points amid a tightened monetary space heightened concerns over market outlook, market experts said.The increase in the...

UCB elects board chairman, executive committee chairman

United Commercial Bank during a meeting on Tuesday unanimously elected Dr. Aparup Chowdhury as the board's chairman.Moreover, Bashir Ahmed was elected as executive committee chairman of UCB.Mr Chowdhury was a former secretary to the Government of Bangladesh working for 37 years with progressively increasing responsibilities in field administration, different ministries...

SOUTHEAST BANK SIGNS MOU WITH PRAGATI LIFE INSURANCE LIMITED

Southeast Bank (SEB) signed a Memorandum of Understanding (MOU) with "Pragati Life Insurance Limited" at the bank's head office in Dhaka for providing Payroll Banking Service, Collection Service, Payment Service, and other banking services. The bank's Managing Director Nuruddin Md. Sadeque Hossain, and Pragati Life Managing Director and CEO Md....

Bourses have legal scope of choosing independent directors: BSEC

Confusion over the selection of independent directors has been removed as the securities regulator finally found a legal solution.Talking to the FE, officials of the Bangladesh Securities and Exchange Commission (BSEC) said the exchanges' Board and Administration Regulations, 2013 allows selection of independent directors by the bourses even when the...

SHAHJALAL ISLAMI BANK ORGANISES FDI REPORTING WORKSHOP

Shahjalal Islami Bank recently organised a daylong workshop on Foreign Direct Investment (FDI) reporting at its' corporate head office for its' FDI enterprise clients and officials of the bank. The Executive Director of the Bangladesh Bank Training Academy Md. Hanif Miah was present at the event as chief guest, while...

Foreign investors ditch India's pricey stocks, opt for new issues

Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek cheaper exposure to the market and better returns, reports Reuters.Their selling has been driven by profit booking as Indian stocks trade at record highs, and at valuations topping...

BRAC Bank partners Syngenta to provide agri-financing

BRAC Bank has entered into a strategic partnership with Syngenta to offer agricultural financing solutions to marginal farmers across Bangladesh.Syed Abdul Momen, Deputy Managing Director and Head of SME Banking of BRAC Bank, and Mohammad Hedayet Ullah, Managing Director of Syngenta Bangladesh, signed the agreement at a ceremony held at...

Asiatic 3Sixty contributes to CA’s Relief Fund for flood victims

The country has recently witnessed devastating floods, which has left countless people homeless. Those impacted not only require rescue assistance but are now facing extreme shortages of food, water and medical services. In this crisis, the members of the Asiatic 3Sixty family, driven by a sense of humanitarian duty, have...

Daily Shopping launches campaign to support flood-hit people

The popular retail chain 'Daily Shopping' has launched a campaign to stand by flood-affected people. As part of the initiative, the retail chain shop will donate a portion from each transaction to provide relief to the affected people, says a press release. The relief effort will be carried out in...

Walton stands by flood victims

Managing Director (MD) of Walton Hi-Tech Industries PLC SM Mahbubul Alam has given special instructions and directives to the distributors, Plaza and sales representatives to extend all-out cooperation to the helpless flood victims.According to his instructions, Walton distributors, plaza representatives and sales teams from the very beginning have been conducting...

BSEC-ICB view-exchange meeting held

A view-exchange meeting on various issues of capital market was held between Bangladesh Securities and Exchange Commission (BSEC) and Investment Corporation of Bangladesh (ICB) at the BSEC Bhaban in Dhaka on Tuesday. Khondoker Rashed Maqsood, Chairman of BSEC, Dr. ATM Tariquzzaman, Commissioner of BSEC, Md. Mohsin Chowdhury, Commissioner of BSEC,...

JANATA BANK FOUNDATION COURSE FOR OFFICERS

Managing Director of Janata Bank PLC Md Abdul Jabbar has recently inaugurated a 30-day Foundation Course for Officers (Batch 8/24), organised by Janata Bank Staff College Dhaka. Some 50 officers of the bank participated in the course.

Agrani Bank Workshop on Working Capital Assessment

Agrani Bank Training Institute (ABTI) organised a workshop on 'Working Capital Assessment and Loan Processing'. The three-day workshop was inaugurated and a session was conducted by CEO of Agrani Bank PLC Md. Murshedul Kabir on Tuesday. The workshop was chaired by ABTI Director and Deputy General Manager Md. Rezaul Karim,...

24th AGM of Islami Commercial Insurance held

The 24th Annual General Meeting of Islami Commercial Insurance Co. Ltd. was held recently at the Engineers Institution in Dhaka. Chairperson of the Board of Directors of the company Shahida Anowar presided over the meeting. Directors Mohammad Yahya, Ashik Hossain, Independent Director Mohammed Ayub Hossain, Chief Adviser Md. Anowar Hossain,...

Incepta PROVIDES medicine & financial support for flood victims

Incepta Pharmaceuticals Ltd., a leading pharmaceutical company in Bangladesh, has extended its support to the Bangladesh Air Force by providing essential medicines and financial donations for flood-affected people across the country. This initiative aims to ensure that aid reaches those in need as swiftly as possible. Hasnin Muktadir, Vice Chairman...