Stocks slip back into red amid macroeconomic concerns
Equity benchmark index slipped back into the red after a single-week break, as concerns over looming macroeconomic pressures prompted jittery investors to offload their holdings to avoid further erosion of their portfolios. This week, the market witnessed high volatility as retail investors went for panic sales in response to sudden...
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Envoy Textiles to set up 'Waste Fabric Recycling Plant'
Envoy Textiles, one of the leading denim manufacturers and exporters, has announced plans to set up a 'Waste Fabric Recycling Plant' on its factory premises in Bhaluka, Mymensingh, to boost production capacity and meet growing demand. The company has estimated the total project cost at Tk 237.04 million, with 70...
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Eastland Ins renamed 'Eastland Insurance PLC'
The Registrar of Joint Stock Companies & Firms (RJSC) and the Insurance Development & Regulatory Authority (IDRA) have approved the change of Eastland Insurance Company's registered name from 'Eastland Insurance Company Limited' to 'Eastland Insurance PLC' with immediate effect, says a press release.
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INAUGURATION CEREMONY OF BAGERHAT BRANCH OF MODHUMOTI BANK -
Modhumoti Bank inaugurated its 51st branch at Bagerhat on Thursday. Humayun Kabir, chairman of the board of directors of the bank inaugurated the branch through a virtual platform. Salahuddin Alamgir, chairman of the executive committee of the board of directors of Modhumoti Bank, Md Shafiul Azam, managing director and CEO...
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Global shares climb
LONDON, Sept 6 (Reuters): World shares rose on Friday after U.S. jobs data only slightly missed expectations, muddying the outlook on the size and speed of coming interest rate cuts in the world's largest economy.MSCI's broadest index of world shares rose 0.1%, hovering around a 2.5% drop for the week.Wall...
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