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

Regulator to continue to punish fraudsters despite concerns over market volatility

The securities regulator hits back at the critics who are now blaming the market decline on its stringent actions against stock manipulators. "Why will the market react negatively following the regulatory actions against wrongdoers while there was a demand for reward and punishment?" said Farzana Lalarukh, a commissioner of the...

Berger revises down rights share price

Berger Paints has revised the offer price of its proposed right shares in line with regulatory instructions, aimed at increasing its free float. The previous offer price was Tk 1,376 per share, which has been revised down to Tk 1,110 per share, with a premium of Tk 1,100 per share....

Regulator fines individuals, cos Tk 1.34b for manipulation

The securities regulator fined 13 individuals and six companies Tk 1.34 billion in total for manipulating share prices of Orion Infusion, Orion Pharma and Bangladesh Finance.The Bangladesh Securities and Exchange Commission (BSEC) decided the action on Tuesday at a meeting at its office. The punitive measures were taken based on...

Chinese firm to set up battery plates plant at BEPZA EZ

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Bangladesh Prothoma Power Supply Ltd., a Chinese company, which will set up a battery plates manufacturing plant in the BEPZA Economic Zone (EZ). The agreement was signed by BEPZA Member (Investment Promotion) Md Ashraful Kabir and Managing...

Fazlul Kader appointed PKSF MD

Md Fazlul Kader has been appointed as the managing director of Palli Karma-Sahayak Foundation (PKSF). The PKSF governing body appointed him as the 12th managing director on Tuesday for a three-year term.Kader started his career at PKSF on October 1, 1990 as a management executive. He was promoted to the...

Unilever crowns champions of 'BizMaestros'

Unilever Bangladesh Limited (UBL) concluded the 15th edition of its flagship business competition, 'BizMaestros,' with a grand finale held in Dhaka recently, says a statement. Following a challenging contest among the top five finalist teams, the team from the Institute of Business Administration - University of Dhaka, emerged as the...

New office-bearers of Muradnagar Upazila BCS Cadre Officers Forum

Muradnagar Upazila BCS Cadre Officers Forum held its annual general meeting (AGM) at the Bananii Club in Dhaka on December 7.The President's Press Secretary Md Joynal Abedin presided over the meeting, says a statement. At the meeting, a new 21-member executive committee of the Forum for 2025-2026 was approved unanimously....

MTB INKS DEAL WITH AKIJ TAKAFUL LIFE INSURANCE FOR CASH MANAGEMENT SERVICES

Mutual Trust Bank (MTB) and Akij Takaful Life Insurance recently signed an agreement for cash management services at MTB Centre in the capital's Gulshan. The deal enables Akij Takaful Life Insurance's policyholders to make payments from any MTB branch as well as through the MTB Smart Banking App. Mohammed Alamgir...

NCCB INITIATES DIGITAL BANKING TRANSFORMATION

National Credit and Commerce Bank PLC (NCCB) signed a partnership agreement with Flora Systems Limited, announcing a landmark digital transformation initiative. M Shamsul Arefin, Managing Director of the bank, and Mustafa Rafiqul Islam, Chairman & Managing Director, Flora Systems Limited, signed the agreement at the bank's headquarters at Motijheel in...

MODHUMOTI BANK HOLDS 129TH EC MEETING

The 129th meeting of Modhumoti Bank's executive committee (EC) was held on Tuesday at the bank's head office in the capital. Salahuddin Alamgir, EC chairman of the bank, presided over the meeting. Senior officials of the bank exchanged their views on concurrent issues at the discussion. Md. Shafiul Azam, managing...

'Hisense' consumer electronics in Bangladesh

Fair Electronics organised the official launch of 'Hisense' consumer electronics in Bangladesh at a local hotel on Monday evening. Sheikh Bashir Uddin, Adviser, Ministries of Commerce, Textile and Jute; Mr Ruhul Alam Al Mahbub, Chairman, Fair Group; and Ms Catherine Fang, President of Hisense International; were present, among others.

CAAB AND LABAID GROUP SIGN MOU

The Civil Aviation Authority of Bangladesh (CAAB) and LabAid Group signed a memorandum of understanding (MoU) at the CAAB headquarters on Monday. CAAB Chairman Air Vice Marshal Md Manjur Kabir Bhuiyan attended the signing ceremony as the chief guest. On behalf of CAAB, Member (Admin) and Joint Secretary Abu Saleh...

WALTON'S ATS EXPO CONCLUDES

Commerce Adviser Sheikh Bashir Uddin, along with other guests, inaugurates Walton brand's new model VRF air conditioner at the 'Advanced Technology Solution - ATS Expo 2024' at International Convention City Bashundhara in the capital recently. Tech-giant Walton hosted the three-day expo that ended on December 7.

RUPALI BANK OPENS 'BALUGHAT SUB-BRANCH'

Rupali Bank PLC has opened its 34th sub-branch namely 'Balughat Sub-branch' at ECB Chattar adjacent to Dhaka Cantonment. This sub-branch is under the Dhaka Cantonment Corpotare Branch. Managing Director (acting) of the bank Parsuma Alam along with other officials inaugurated the sub-branch on Tuesday. Deputy Managing Director Hasan Tanvir was...

Sonali Bank holds view-exchange meeting on recovery of loans

Sonali Bank PLC arranged a view-exchange meeting with its high officials on recovery of classified loans, disbursement of new loans and foreign remittance collection at the bank's head office on Tuesday. MD & CEO Md. Shawkat Ali Khan attended the meeting as the chief guest while Deputy Managing Director Kazi...