Task force to submit first of its reform reports by March
The task force formed with an aim of overhauling the capital market will submit recommendations on three key areas -- mutual funds (MFs), IPOs (initial public offerings) and margin loans -- by March next year.More than two and a half months after the formation of the task force, curiosity runs...
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Former mayor Khokon's BO account suspended
The Bangladesh stock market regulator has ordered suspension of the beneficiary owner's (BO) account of Mohammad Sayeed Khokon, former mayor of the Dhaka South City Corporation (DSCC).It directed the Central Depository Bangladesh Limited (CDBL) to suspend the BO accounts of Mr. Khokon, his wife, and his sister, following a request...
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Islami Bank opens 400th branch in Tangail
Islami Bank opens 400th branch in TangailIslami Bank Bangladesh PLC opened its 400th branch in Ghatail, Tangail, on Saturday. Dr Ahsan H. Mansur, Governor of Bangladesh Bank, inaugurated the branch as the chief guest. Obayed Ullah Al Masud, Chairman of the bank, presided over the event while Mohammed Monirul Moula,...
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MERCANTILE BANK DISTRIBUTES BLANKETS IN PATUAKHALI
MERCANTILE BANK DISTRIBUTES BLANKETS IN PATUAKHALI Mercantile Bank on Saturday distributed blankets among the underprivileged in Baufal, Patuakhali to help them cope with the cold weather. A.S.M. Feroz Alam, chairman of Mercantile Bank Securities, took the initiative on behalf of the bank and distributed the blankets among 500 people at...
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Why 2024 was a pivotal year for AI adoption and innovation in Saudi Arabia
RIYADH, Dec 28 (Arab News): Saudi Arabia has enjoyed a fruitful year of events and initiatives intended to advance the adoption of artificial intelligence, propelling the Kingdom to the 14th position in the Global AI Index and 1st in the Arab world.Recently, Saudi Arabia was also ranked third globally in...
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