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

Face the music if minimum shareholding is not met

Frustrated over repeated breach of regulatory orders, the market watchdog warns companies against any further delay in complying with the minimum 30 per cent joint stakes of sponsor-directors. In a letter sent to the managing directors of the non-compliant companies on Wednesday, the Bangladesh Securities and Exchange Commission (BSEC) did...

Stocks continue to fall on strict disciplinary measures against banks, NBFIs

The equity index plunged further on Wednesday as selling pressure persisted, dragging the prime index of the Dhaka bourse to multi-year low, as investors found no immediate solution to the prevailing dismal market outlook.Jittery investors dumped their holdings to escape further losses in the absence of any strong catalyst while...

Takaful, Union insurance to pay 10pc cash dividends

General insurance companies -- Takaful Islami Insurance and Union Insurance Company - have declared 10 per cent cash dividends each for their investors for 2024.While Takaful Islam Insurance showed a slight year-on-year decline in annual profit, Union Insurance secured a slight jump in its earnings. The earnings per share (EPS)...

Over 53pc garment factories pay festival allowances

Over 53 per cent or 1,126 garment factories registered with the apparel apex body, BGMEA, paid festival allowances for the upcoming Eid, three days before the deadline.Citing a government's decision, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in a circular on May 26 asked all its members to pay festival...

Modhumoti Bank holds 85th Board Meeting

The 85th Meeting of the Board of Directors of Modhumoti Bank PLC was held on Wednesday. Chairman of the Board of Directors Humayun Kabir, members Mohammad Ismail Hossain, Nemai Kumar Saha, Salahuddin Alamgir, Mostafa Kamal, Humayun Kabir Bablu, Sultana Jahan, A. Mannan Khan, Md. Mahbubur Rahman and Managing Director &...

EASTERN BANK LAUNCHES VISA VIRTUAL PREPAID CARD

Eastern Bank (EBL) has launched a new Visa virtual prepaid card at a ceremony held at their head office in Dhaka. Ali Reza Iftekhar, EBL managing director and CEO; Osman Ershad Faiz, additional managing director and COO; M. Khorshed Anowar, DMD and head of retail and SME banking; Zahidul Haque,...

BRAC BANK, BRITISH COUNCIL RECOGNISE ENGLISH SPEECH COMPETITION WINNERS

BRAC Bank and British Council Bangladesh, in collaboration with Toastmasters International, recognised outstanding talents from 33 Bengali medium institutions at the English Speech Competition's grand finale held on May 25.

2nd emergent meeting of Shippers' Council held

The 2nd emergent meeting of the board of directors of Shippers' Council of Bangladesh (SCB) for the term 2024 & 2025 was held at its conference room in the city on Wednesday under the Chairmanship of Md Rezaul Karim. SCB Senior Vice Chairman Md Ariful Ahsan, Vice Chairman Ganesh Chandra...

Sonali Bank holds 18th Annual General Meeting

The 18th Annual General Meeting (AGM) of Sonali Bank PLC was held at its head office on Wednesday. Chairman of Board of Directors of Sonali Bank Mohammad Muslim Chowdhury presided over the AGM. Shareholders and Directors Muhammed Mahbubur Rahman, Dr. Mohammad Abu Yusuf, Md. Azimuddin Biswas, Molla Abdul Wadud, Dr....

Community Bank holds 6th Annual General Meeting

The 6th Annual General Meeting (AGM) of Community Bank Bangladesh PLC was held at the Police Headquarters in Dhaka on Wednesday. The meeting was chaired by Baharul Alam, Inspector General of Police and Chairman of Community Bank. During the meeting the bank's Audited Financial Statements for the year 2024 were...

Takaful Islami Ins holds board meeting

The 143rd meeting of the board of directors of Takaful Islami Insurance PLC was held in the city on Wednesday. Chairman of the company Tahmina Afroz presided over the meeting. The board of directors of the company approved the Financial Statement for the year 2024 and recommended 10 per cent...