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

Foreign investors exit equity market as fresh concerns replace optimism

Foreign investors have retreated from Bangladesh's equity market once again over persistent economic challenges and political uncertainties after signs of a return following political changeover in August last year. Economic reform measures taken by the interim government gave rise to optimism about a turnaround of the market, which was why...

Stocks down to 2-month low on gas price hike, higher bond returns

Stocks tumbled on Sunday, hitting two-month low, as investors adversely reacted to the announcement of an abrupt gas price hike for captive power plants and industries.The Bangladesh Energy Regulatory Commission (BERC) hiked the gas price by 33 per cent for new captive power plants and businesses. The announcement happened to...

Amalendu Roy appointed as Premier Bank DMD

Amalendu Roy has been appointed as deputy managing director (DMD) of Premier Bank.Prior to this joining, Mr. Roy served as DMD and head of corporate branch of United Commercial Bank, according to a statement.The veteran banker has 28 years of professional experience in the banking industry in diverse capacities.Mr. Roy...

AB BANK CELEBRATES 43RD FOUNDING ANNIVERSARY

AB Bank, the first private commercial bank of the country, celebrated its 43rd founding anniversary on Sunday. All the 104 branches and 57 sub-branches of the bank observed the day in a befitting manner. AB Bank organised a flag-hoisting event and a small ceremony at the head office. Mr. Shafiqul...

BRAC Bank signs EB agreement with Zara Zaman Technology

BRAC Bank has signed an Employee Banking (EB) agreement with Zara Zaman Technology Ltd., a leading software development company and the largest supplier of GRG-branded ATMs and Android POS terminals in Bangladesh. Through this partnership, the employees of Zara Zaman Technology will enjoy a seamless and rewarding banking experience, including...

Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say

SHANGHAI, April 13 (Reuters): Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States.Two investor sources said a soft limit...

World Expo opens in Japan in rocky times

OSAKA (Japan), Apr 13 (AFP): World Expo opened on Sunday with 160 countries and regions showcasing their technology, culture and food, with host Japan hoping to provide the world with some much-needed hope.Highlights at the show in Osaka until mid-October include a Mars meteorite, a beating artificial heart grown from...

Janata Bank MD greets two newly-appointed DMDs

Janata Bank PLC Managing Director (MD) and CEO Md Mazibur Rahman greeted two newly-appointed deputy managing directors (DMDs) Md Nazrul Islam and Md Ashraful Alam at the bank's head office in the city on Sunday. DMDs of the bank Md Golam Mortuza and Md Foyes Alam and general managers were...

Shippers' Council holds board meeting

The 7th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term 2024 & 2025 was held on Sunday at its office in Dhaka, with its Chairman Md Rezaul Karim in the chair. The meeting approved the minutes of the previous meeting and financial statement....

Al-Arafah Islami Bank holds 421st board meeting

The 421st board meeting of Al-Arafah Islami Bank PLC was held on Sunday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. The overall business performance of the bank was reviewed and several policy decisions were taken at the meeting. Directors of the bank Md. Shahin Ul...

Bangladesh Commerce Bank holds business review meeting --

Bangladesh Commerce Bank Limited held a business review meeting joined by officials from all branches and sub-branches on a virtual platform on Saturday. Chairman of the bank Md Ataur Rahman attended the meeting as the chief guest while Executive Committee Chairman Md Mohsin Mia and Audit Committee Chairman Sheikh Ashwafuzzaman...

Khaleduzzaman promoted to DMD at Krishi Bank

Prominent banker Mohd Khaleduzzaman has been promoted to Deputy Managing Director (DMD) of Bangladesh Krishi Bank (BKB). A circular regarding his promotion was issued by the Financial Institutions Division of the Ministry of Finance on Thursday, says a statement.Prior to this promotion, he served as General Manager at Bangladesh Krishi...

Ship carrying rice from India arrives at Ctg Port

A ship carrying a total of 36,100 tonnes of imported rice from India has arrived at Chattogram Port, reports BSS.The MV FROSSO K, transporting 36,100 tonnes of rice from India through an international open tender has docked at Chattogram port, said a PID press release on Sunday.Necessary measures have been...

KSA, US in talks to sign deal on nuclear technology

RIYADH, Apr 13 (Arab News): The US and the Kingdom of Saudi Arabia (KSA) will sign a preliminary agreement on energy cooperation and civilian nuclear technology, Energy Secretary Chris Wright told a press conference in the Saudi capital on Sunday.The US official said that details on nuclear cooperation between the...

GM to halt EV van production in Ontario

DETROIT, Apr 13 (Reuters): GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and the union representing workers there said.The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor,...