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

Stabilisation Fund in the dock for its controversial role

The new commission of the securities regulator considers redefining the jurisdiction of the Capital Market Stabilisation Fund (CMSF) in a way so that it can perform in the best interest of market investors.The Fund has disbursed funds out of investors' unclaimed dividends to market operator Investment Corporation of Bangladesh (ICB)...

UCB Investment awarded as best investment bank

UCB Investment has been once again recognised as the "Best Investment Bank in Bangladesh" by both the Euromoney Awards for Excellence 2024 and the Finance Asia Award 2024. This is the second consecutive year the merchant bank achieved these recognitions, according to a press release. Sharif Zahir, the chairman of...

PRIME BANK SIGNS DEAL WITH MIURA BANGLADESH

PRIME BANK SIGNS DEAL WITH MIURA BANGLADESHPrime Bank recently signed an agreement with Miura Bangladesh at the bank's corporate office. The bank will extend exclusive benefits to the Japan-based company enabling its employees to receive preferential banking services including credit card and loan facilities from the bank. They will also...

DUN & BRADSTREET, MODHUMOTI BANK DISCUSS RISK CONTROL

DUN & BRADSTREET, MODHUMOTI BANK DISCUSS RISK CONTROLDun & Bradstreet, in collaboration with Modhumoti Bank, conducted a comprehensive knowledge sharing session on Sunday at the bank's learning & development centre. The session focused on two critical topics: trade operations and risk control and how to gather insights from BIR/beneficiary's credit...

No shortage of fertilisers in country, says Adviser

Agriculture and Home Affairs Adviser Lt Gen (Retd) Md Jahangir Alam Chowdhury said on Saturday that there is sufficient stock of fertilisers in the country until December, and there will be no shortage, reports UNB.Farmers will be able to purchase and use fertilisers according to their needs, the adviser said...

Eon Group celebrates 24th Founding anniversary

Eon Group celebrates 24th Founding anniversary EON Group of Industries, one of the leading agro-based organisations in the country, celebrated its 24th founding anniversary at the EON Convention Centre in Dhaka on Thursday. Chairman and Managing Director of EON Group Momin Ud Dowlah was present as the chief guest on...

Biman to resume Sylhet-Cox's Bazar flights on October 31

Sylhet, Sept 14 (UNB): Biman Bangladesh Airlines is going to resume direct flights on Sylhet-Cox's Bazar route from October 31.Shahnewaz Majumdar, Sylhet district manager of the Airlines, confirmed the matter.According to sources, the flight will run on the route on Sundays and Thursdays. It will depart Sylhet at 8:50 am...

iFarmer, VisionSpring team up to provide eyecare services to farmers

iFarmer, VisionSpring team up to provide eyecare services to farmersiFarmer and VisionSpring Bangladesh Limited have recently signed an agreement to provide eye care services to iFarmer-registered farmers. The signing ceremony was held at the Gulshan office of VisionSpring. Under this agreement, VisionSpring will assist in providing eye examinations and affordable...

WTO public forum concludes focusing on youth perspective

GENEVA (Switzerland), Sept 14 (BSS): The 2024 edition of the WTO's annual public forum has concluded with a focus on the youth perspective regarding trade and inclusiveness.The day's high-level event brought together young entrepreneurs and activists from around the world to hear their views on how to shape a more...

Walgreens paying $106.8m to settle US billing fraud charges

NEW YORK, Sept 14 (Reuters): Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the US government for prescriptions that were never dispensed, the Department of Justice said on Friday.The Justice Department said Walgreens violated the federal False Claims Act between 2009 and 2020 by...

India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

NEW DELHI, Sept 14 (Reuters): Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.Antitrust investigations conducted by the Competition Commission of India (CCI) have found...

US consumer sentiment climbs to 4-month high, import prices drop

WASHINGTON, Sept 14 (Reuters): US consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household incomes improve, but views on the labor market weakened against the backdrop of slower job gains.The brightening inflation outlook was reinforced by other...