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

Regulator defends floor price as a tool to protect retail investors

The securities regulator has continued to keep the price movement restriction in place, even though it restrains the market operation, because of the dominant presence of individual investors. More than 80 per cent investors of the country's stock market are retailers, as opposed to the global scenario where institutional investors...

Speculation-based investments a barrier to market's growth

Investors pour money into stocks based on speculations rather than weighing on merits, said Md Moniruzzaman, vice-president of the Bangladesh Merchant Bankers Association.The index dropped to near 3,600 points in 2020, battered by the pandemic, but the market rebounded strongly last year under the new leadership of the commission, he...

Envoy Textiles finalises €10.80m loan deal with ADB

Envoy Textiles, a leading denim manufacturer and exporter, has finalised the deal with the ADB to get € 10.80 million in loan for purchasing machinery for its second spinning unit.The board has gone ahead with the long-term borrowing agreement with the Asian Development Bank (ADB), said the company in a...

AB Bank arranged a day-long workshop -

AB Bank arranged a day-long workshop on 'The responsibilities of SME entrepreneurs and the role of banks to develop SME business' at Barishal. Swapan Kumar Das, executive director of Bangladesh Bank, Barishal office, was present in the programme as the chief guest. Tarique Afzal, president and managing director of AB...

Agreement between Dhaka Bank and Ananta Real Estate

Emranul Huq, managing director & CEO of Dhaka Bank Limited, and Sharif Zahir, managing director of Ananta Group, exchanging documents after signing an agreement at a ceremony held at Ananta Corporate head office in the city recently. Dhaka Bank and Ananta Real Estate Limited has signed a payroll service agreement....

Jamuna Bank inaugurated Magura branch

Jamuna Bank Limited inaugurated Magura branch at Magura and Lohagara branch at Narail on the same day. Chairman of Jamuna Bank Limited and Jamuna Bank Foundation Al-Haj Nur Mohammed inaugurated the branches as the chief guest. Independent Director of the bank Md. Humayun Kabir Khan was present as a special...

Exim Bank Gets ICMAB Best Corporate Award 2021

Exim Bank Gets ICMAB Best Corporate Award 2021 in the category of Private Commercial Bank (Islamic Operation) for its capital adequacy, asset quality, corporate governance, adequate earning and profitability, risk management, contribution to the national economy, regulatory compliances, transparency and great contribution to the corporate social responsibilities. Commerce Minister Tipu...

"ICMAB Best Corporate Award 2021" to BRAC Bank

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has given the "ICMAB Best Corporate Award 2021" to BRAC Bank in recognition of best corporate governance practices. Commerce Minister Tipu Munshi MP formally handed over the award to BRAC Bank's Financial Controller Mohammad Abdul Ohab Miah FCA and Head...

38th board meeting of Modhumoti Bank held

The 38th meeting of the audit committee of the board of directors of Modhumoti Bank Limited was held on Monday on a virtual platform. The meeting was presided over by Shaikh Salahuddin, MP, chairman of audit committee and vice-chairman of the board of directors of Modhumoti Bank. Md. Shafiul Azam,...

Meta, Airtel to jointly invest in telecom infrastructure in India

NEW DELHI, Dec 5 (NDTV): Social media giant Meta Platforms and Bharti Airtel today announced a collaboration to jointly invest in telecom infrastructure to cater to the rising demand of high speed data and digital services in India.The announcement comes on the back of telecom operators' demand to share revenue...

Asian stocks rise as China eases more Covid measures

HONG KONG, Dec 5 (AFP): Stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.The moves helped offset a forecast-busting US jobs report that dented hopes that the Federal Reserve will take a softer approach to hiking...

Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 5 (Reuters): Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency.Entities must be exchange members, derivatives exchange members or their clients to be market makers."Market Makers have to ensure the...

European mkt stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters): European stock indexes opened slightly lower on Monday, finding little support from an easing of China's domestic pandemic restrictions, after market sentiment was dampened by US jobs data on Friday that raised fears of persistent inflation.Asian shares had been boosted early on Monday by hopes that...