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

Experts warn of risks to DSE demutualisation goals

Experts have strongly criticised the DSE Brokers Association's (DBA) proposal to appoint the chairman of the Dhaka Stock Exchange (DSE) from among the shareholder directors. They argue that this move could undermine the demutualisation objectives of the exchange if it leads to a loss of majority control by independent directors...

BSEC appoints 7 independent directors to DSE board

The securities regulator has appointed seven independent directors to the board of Dhaka Stock Exchange (DSE) following the recent resignation of all directors amid a change in the political regime.Their appointments were approved at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC) on Sunday.The...

Will take time for normalcy to return to trade and commerce in country

The business climate in Bangladesh remains unstable following the fall of the Awami League government. Although an interim government led by Nobel Laureate Dr. Muhammad Yunus was formed on August 8, the return to normalcy in trade and commerce is expected to take time, according to several business officials, reports...

Anwarul Haque new Chairman of Mercantile Bank

Md Anwarul Haque has been elected as chairman of Mercantile Bank PLC at the 448th board meeting of the bank held on Sunday, says a statement. Previously he served as the Vice Chairman, Chairman of the Executive Committee and Risk Management Committee of the bank. Mr Haque is also the...

PRIME BANK FOUNDATION AWARDS SCHOLARSHIP

Prime Bank Foundation, the philanthropic wing of Prime Bank PLC, has awarded scholarships to 234 meritorious but unprivileged students under its Education Support Programme. The Foundation held its 17th Scholarship Awarding Ceremony at Golf Garden, Army Golf Club, in Dhaka on Saturday. Azam J Chowdhury, Chairman of Prime Bank Foundation,...

ShopUp hosts session on 'Leadership in Times of Crisis' with Kamal Quadir, founder and CEO of bKash

ShopUp, Bangladesh's leading full-stack B2B commerce platform, recently hosted an insightful session titled "Leadership in Times of Crisis" at its headquarters. The event featured Kamal Quadir, Founder and CEO of bKash, as the guest of honour, who shared his expertise on the critical attributes that define true leadership and the...

Prof Abu Ahmed joins ICB as Chairman

Professor Abu Ahmed has joined as Director and Chairman of the Board of Directors of Investment Corporation of Bangladesh on Sunday, says a press release. He is a leading economist of the country and a capital market expert. He is the person who singly contributed significantly to the development of...

Bitopi Group's donation for flood victims

The Bitopi Group has donated a substantial sum of Tk 4,112,492 to the 'Chief Adviser's Relief and Welfare Fund,' which includes contributions from its own funds, and a day's salary from all employees, officers, and workers, says a press release.On August 29, Bitopi Group's Managing Director Miran Ali, and Director...

JANATA BANK WORKSHOP ON PREVENTION OF MONEY LAUNDERING

A day long workshop on 'prevention of money laundering and financing of terrorism' was held at Janata Bank Staff College on Saturday with the participation of general managers of Janata Bank PLC. Managing Director of the bank Md Abdul Jabbar was present as the chief guest and delivered speech as...

AB Bank continues relief assistance at Chandgaon

AB Bank provided relief materials to flood affected victims at Chandgaon, Chattogram. M. Morshed Khan, the Founder Chairman of AB Bank joined virtually the distribution programme. Tarique Afzal, Managing Director & CEO, and other members of the Senior Management Team of AB Bank were present during the flood relief distribution...

African leaders in Beijing eyeing big loans and investment

BEIJING, Sept 01 (AFP): African leaders descend on China's capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent.China has expanded ties with African nations in the past decade, furnishing them with billions in loans that have...

Reliance can afford to sit out India's IPO boom

MUMBAI, Sept 1 (Reuters Breakingviews): India's largest company is biding its time. The annual shareholder meeting of $245 billion Reliance Industries was an unusually low-key affair. Chair Mukesh Ambani seems in no hurry to list his two consumer-facing businesses as promised to their 2020 backers including KKR, Silver Lake and...

Nvidia's rally takes a break after forecasts fall short of investor expectations

Nvidia shares dropped more than 6 per cent on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant's stock higher all year, reports Reuters.The company on Wednesday forecast...

Cash-loving investors dig in even as US rate cuts threaten payouts

A golden era for cash may be winding down as the Federal Reserve gets ready to cut interest rates. Many fans of the investment class are staying put anyway, reports Reuters.Assets in US money markets hit a record $6.24 trillion this month, data from the Investment Company Institute showed on...

US bond funds see sharp inflows amid bets of rate cut

US bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and investor caution over geopolitical tensions in the Middle East, reports Reuters.According to LSEG data, US...