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

Trade turnover via DSE mobile app jumps 26pc in 2024 despite fewer users

Transactions through the DSE mobile app jumped more than 26 per cent year-on-year to Tk 214.3 billion in 2024, as tech savvy younger generations and professionals prefer to trade remotely.Investors purchased securities worth Tk 108.67 billion and sold shares worth Tk 105.61 billion using the app in the just concluded...

PUBALI BANK HOLDS TREE PLANTATION EVENT

Pubali Bank held a tree plantation event with a science club of Dhaka Residential Model College on the educational institution's premises as part of the bank's corporate social responsibility programme. Mohammad Ali, managing director and chief executive officer of the bank, was present as the chief guest. He put emphasis...

BRAC BANK OPENS NEW UNIT FOR INTERNATIONAL TRADE

BRAC Bank on Wednesday inaugurated a dedicated client service unit to facilitate international trades for its corporate and institutional customers. Tareq Refat Ullah Khan, acting managing director and chief executive officer of BRAC Bank, formally launched the unit at the bank's head office in the capital in the presence of...

Standard Ceramic remains in the red, with zero revenue

The straggling Standard Ceramic Industries suffered a loss of Tk 47 million in the first quarter (Q1) of the current fiscal year, owing to the closure of its factory amid adverse economic conditions.The tableware manufacturer endured a loss of Tk 49 million in the same quarter the year before, according...

As Musk gains influence, questions hover over US probes into his empire

NEW YORK/WASHINGTON Jan 2 (Reuters): Last month, in the waning days of the Biden administration, the SEC set a tight deadline of several days for demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.Musk...

Tourism sector endured tough 2024 amid political and environmental challenges

The tourism sector in Bangladesh weathered a difficult year in 2024, plagued by political instability, environmental calamities and security concerns in popular destinations, reports UNB.Tourism businesses warn that unless political stability is restored, 2025 may offer little respite for this vital industry.A Land of Untapped PotentialBangladesh, known for its archaeological...

Govt to appoint maintenance contractor thru open tender

The government has approved a proposal, in principle, for appointment of operations and maintenance contractor for the Installation of Single Point Mooring (SPM) through open tender method (OTM) instead of G2G basis, reports BSS.The approval was given in a meeting of the Advisers' Council Committee on Economic Affairs (ACCEA) held...

Taka depreciates by 12.72pc against dollar in 2024

The Bangladesh Bank (BB) has raised the exchange rate of the US dollar by Tk 12 throughout 2024, resulting in a 12.72% depreciation of the local currency, the taka, over the year.A central bank data analysis shows that the central bank fixed the dollar exchange rate at Tk 122 on...

BGIC CELEBRATES NEW YEAR 2025

Bangladesh General Insurance Company PLC (BGIC) welcomed the New Year 2025 and also celebrated the 102nd birth anniversary of MA Samad, the pioneer of insurance industry and founder of BGIC, with a programme held at its Head office in Dhaka on Wednesday. Chairman of the company Towhid Samad was present...

UNION BANK'S INITIATIVE TO RECOVER DEFAULTED INVESTMENTS

Union Bank PLC has launched a new initiative to recover defaulted investments, with a sit-in demonstration organised on Wednesday in front of the house of Mohammad Aminul Hasan, owner of Swapna Agro Farm and Swapna Poultry Feed. Bank officials took part in the sit-in as the bank is seeking to...

RAJSHAHI KRISHI UNNAYAN BANK BOARD HOLDS 587TH MEETING

The 587th meeting of the Board of Directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held at its head office on Thursday. Chairman of the bank Dr Mohammad Ali presided over the meeting. Managing Director of the bank Niranjan Chandra Debnath, Directors Md Shahidul Islam, divisional commissioner of Rangpur; Khondker...

ALLIANCE FINANCE HOLDS FIRST TOWN HALL MEETING

Alliance Finance PLC organised a brief function along with its first Town Hall meeting of the year 2025 at its corporate head office at Gulshan in Dhaka on Wednesday to welcome the New Year. Jowher Rizvi, Chairman of the company, was present as the chief guest. Among others, Sohana Rouf...