Professor Shibli Rubayat-Ul Islam resigned on Saturday night less than three months after his reappointment for the second term amid widespread criticism about his performance.During his tenure of four years and three months, the Bangladesh Securities and Exchange Commission's (BSEC) grip over the market was lax, which allowed corrupt practices,...
Read moreThe daily trade turnover on the Dhaka Stock Exchange (DSE) has exceeded Tk 20 billion-mark on Sunday after 23 months, buoyed by heightened optimism among investors.Investors are optimistic about a new beginning in the market as the securities regulator's Chairman Prof Shibli Rubayat Ul Islam stepped down on Saturday night...
Read moreThe stock market regulator cancelled the order to withdraw the floor price of six companies, including Salman F Rahman's Beximco, hours after the resignation of its chairman.Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam stepped down on Saturday night five days after the fall of Prime...
Read moreSoutheast Bank PLC organized a Foundation Training Course for its newly appointed 31 Trainee Assistant Officer (Gr.-II). Nuruddin Md Sadeque Hossain, the Managing Director of Southeast Bank made the closing remarks bringing the course to a conclusion.
Read moreBangladesh Chamber of Industries (BCI) has greeted the Interim Government headed by Nobel Laureate Prof Dr Muhammad Yunus, reports BSS."BCI congratulates you (Dr Yunus) for becoming as the Chief Advisor of the Interim Government. The main policy of the independent country is the overall economic development through industrialisation," said BCI...
Read moreThe Bangladesh Economic Association (BEA) has extended congratulations to Nobel Laureate Prof Dr Muhammad Yunus as the Chief Adviser and other advisers for taking the charge of the interim government, reports BSS.The BEA believes that the interim government, under the prudent and dynamic leadership of Nobel peace prize winner renowned...
Read moreJanata Bank PLC Managing Director Md Abdul Jabbar inaugurated a 30-day foundation course for its officers (batch 07/24) organised by Janata Bank Staff College (JBSC) in the capital on Sunday. Some 50 senior officers participated at the training course. JBSC DGM (in-charge) Ahmad Mukhlesur Rahman and other executives were present...
Read moreThe 24th Annual General Meeting of Takaful Islami Insurance Ltd was held virtually on Saturday. Chairman of the company Tahmina Afroz presided over the meeting. Vice Chairman Emdadul Haque Chowdhury, Chairman of Audit Committee Md Mahedi Hasan, Chairman of Nomination and Remuneration Committee Md. Azizul Hossain, Chairman of Investment Committee...
Read moreRIYADH, Aug 11 (Arab News): Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders. ACWA Guc, which operates the 950-megawatt combined cycle gas turbine power plant in Kirikkale, Turkiye, is partially...
Read moreFRANKFURT, Aug 11 (Reuters): Thyssenkrupp said on Saturday its steel division must be restructured to fund investment needs with its own earnings, but that the parent company had provided financial security for the next two years.The comments from Thyssenkrupp CEO, Miguel Lopez, came after the chairman of the steel division...
Read moreNEW YORK, Aug 10 (Reuters): US auto safety regulators said on Friday that it was opening a preliminary evaluation into approximately 332,288 Hyundai SUVs in the United States over a potentially faulty seat belt.The investigation focuses on certain Hyundai Palisade SUVs from model years 2020-2023. Seat belts may inadvertently unlatch...
Read moreNEW YORK, Aug 11 (AFP): Environmental campaigners in New York (NY) have kept up a campaign of direct action against one of the city's foremost banking empires, Citi, accusing the group of fueling the climate crisis.Enraged by Citi's bankrolling of polluting businesses, activists have unleashed a "summer of heat" campaign...
Read moreRIYADH, Aug 11 (Arab News): The Kingdom of Saudi Arabia (KSA) has announced a significant overhaul of its investment law as part of its Vision 2030 reform strategy, aiming to strengthen its appeal to international investors. The revised legislation integrates existing investor rights and freedoms into a unified framework designed...
Read moreNAIROBI, Aug 11 (Reuters): Nervous investors are avoiding long-dated Kenyan Treasury bills and bonds, central bank data showed, putting more strain on the government's plans to pivot to domestic borrowing after scrapping controversial tax hikes.The latest debt sale, on August 1, saw the benchmark 1-year Treasury bill get less than...
Read moreChina Evergrande's liquidators have invited investors interested in restructuring the heavily indebted property developer or any of its parts, it said in a filing on Friday, reports Reuters.The move comes as the liquidators do not currently see a path to restructuring that would allow Evergrande to resume trading of its...
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