Here is why some listed MFs see a turnaround in Q3
Despite extreme volatility in the equity market during January-March (Q3) of FY25, many close-ended mutual funds (MFs) have reported positive earnings for the period-a turnaround from losses in the same quarter a year ago.For example, ICB AMCL Sonali Bank Ltd. 1st Mutual Fund, managed by ICB Asset Management Company Ltd....
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Rashed Chowdhury elected as MTB chair, Arif Dowla as vice chair
Rashed Chowdhury has been elected as the chairman of Mutual Trust Bank (MTB), according to a statement.Prior to assuming this role, Mr Chowdhury was the vice chairman of the board and the chairman of the board executive committee of the bank.
He is the chairman of ABC Building Products Limited...
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Green shift worries RMG workers as businesses grow wary of new costs
Global buyers demand greener supply chains, but the financial pressure of transitioning to clean energy has raised serious concerns about its impact on workers who are the backbone of the country's ready-made garment (RMG) sector.Factories are under growing pressure to install renewable energy systems, adopt energy-efficient practices, and meet sustainability...
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Apple shares fall as buyback cuts, tariff fears fan investor jitters
Apple shares fell 5 per cent on Friday after the company trimmed its stock buyback program and CEO Tim Cook flagged a $900 million tariff-related hit to costs this quarter amid a raging Sino-US trade war, reports Reuters.US President Donald Trump's tariff flip-flops have thrown corporate plans into disarray, even...
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