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

Prime bourse needs strengthening to act independently: Chairman

The newly-appointed chief of the prime bourse emphasizes the need for capacity building for changing the dynamics of the market.The foremost job of the board of the Dhaka Stock Exchange (DSE) should be to take over the responsibility of approving IPO proposals. "It's not the job of the securities regulator...

Submarine Cables' profit falls 34pc in FY24

Bangladesh Submarine Cables showed a 23 per cent year-on-year reduction in revenue and more than 34 per cent profit erosion in FY24, compared to the previous year. According to the financial statement of the state-owned voice and data bandwidth service provider, the revenue fell mainly due to lower International Private...

Islami Bank leads blue chips in dragging DSEX

Poor performance of the stock of Islami Bank Bangladesh coupled with the erosion of other blue chip stocks caused a sharp fall of the broad index of the Dhaka Stock Exchange (DSE) on Sunday.Islami Bank's decline on the bourse itself wiped out 29.3 points of the DSE broad index DSEX.The...

bKash wins Bangladesh Retail Awards

bKash, the country's largest mobile financial services (MFS) provider, has won three awards in two categories in the second edition (2024) of the Bangladesh Retail Awards, says a statements. Organised by the Bangladesh Retail Forum and the Bangladesh Brand Forum, these awards honour organisations and initiatives that have revolutionised the...

Labour leaders push for realisation of 18-point demand

Labour leaders on Sunday called for full implementation of the 18-point demands outlined in a tripartite agreement between the government, factory owners, and labour representatives to restore normalcy in major industrial belts.They also demanded justice for the death of a garment worker and emphasized the need to ensure stability in...

Nagad offers cash bonus on remittance receipt

Nagad, a popular mobile financial service provider under the Bangladesh Postal Department, is offering a cash bonus to customers receiving remittances sent home by Bangladeshi expatriates living abroad.To become eligible for a cash bonus of Tk 100, excluding the 2.5 per cent government incentive, a customer needs to receive a...

Stakeholders call for crisis management plan to revive tourism sector

Tourism stakeholders on Sunday called for a comprehensive crisis management plan to revive the country's tourism and hospitality sector, which has been impacted by recent student-people-led uprising, reports BSS.Speaking at a seminar, industry experts recommended a series of measures, including boosting safety assurances for tourists, enhancing public relations efforts, participating...

CRP GETS AMBULANCE AS A PRESENT BY MTB

Mutual Trust Bank (MTB) recently presented an ambulance to the Centre for the Rehabilitation of the Paralysed (CRP) as part of its Corporate Social Responsibility efforts. Md Bakhteyer Hossain, deputy managing director, and chief operating officer of MTB, handed over the keys of the vehicle to Dr Mohammad Sohrab Hossain,...

UCB INVESTMENT MARKS FOUR YEARS OF EXCELLENCE

UCB Investment Limited (UCBIL), a subsidiary of United Commercial Bank (UCB), recently celebrated its fourth anniversary, reflecting on a journey marked by success and recognition. The celebration coincided with the company's latest accolade: "Best Securities House" in Bangladesh for 2024, awarded by Euromoney. The award highlights UCBIL's prominence among merchant...

127TH EC MEETING OF MODHUMOTI BANK HELD

The 127th meeting of the executive committee of Modhumoti Bank was held on Sunday, 06 October 2024, at the bank's head office. The meeting was presided over by EC Chairman Salahuddin Alamgir. Among others, Mostafa Kamal, Mohammad Ismail Hossain, Nemai Kumar Saha, Humayun Kabir Bablu, Manwar Hossain and managing director...

FSIB HOLDS MANAGERS' CONFERENCE FOR DHAKA CITY BRANCHES

A managers' conference of Dhaka North and Dhaka South zones and branches under head office of First Security Islami Bank was held on 03 October 2024, Thursday, at FSIB Training Institute, Dhaka. Mohammad Abdul Mannan, chairman, board of the directors of the bank, was present in the programme as chief...

LAFARGEHOLCIM WINS ICSB AWARD

LafargeHolcim Bangladesh PLC has been honoured with the prestigious 'Gold' Award, the top recognition under the Manufacturing Sector category, at the 11th Institute of Chartered Secretaries of Bangladesh (ICSB) National Award ceremony held at a city hotel on Saturday. The company was awarded for its corporate governance practices as well...

ADN TELECOM BAGS ICSB AWARD

ADN Telecom Limited has been honoured with the prestigious 'Silver Award' at the 11th ICSB National Award for Corporate Governance Excellence, 2023. The award is a distinctive recognition of ADN Telecom's unflinching commitment to upholding the principles of corporate governance applicable to a listed company. Henry Hilton, Managing Director, ADN...

PRAN RECEIVES ICSB AWARD

Agricultural Marketing Company Ltd. (AMCL-PRAN), a listed company on the stock exchange, won the Institute of Chartered Secretaries of Bangladesh (ICSB) award for its outstanding corporate governance practices as well as transparency and accountability in overall management. ICSB presented the award to AMCL-PRAN for 2023 in 'Food and Allied' category....

TRUST BANK SIGNS BANCASSURANCE AGREEMENT WITH ASTHA LIFE

Trust Bank has signed an agreement with Astha Life Insurance Company Limited to commence the sale of insurance policies through Bancassurance. This agreement will enable Trust Bank customers to buy insurance products of Astha Life directly from the bank. Ahsan Zaman Chowdhury, Managing Director of Trust Bank, and Brig Gen...