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

Most mutual fund investors get zero yield for FY24 for bear run of stocks

Mutual fund investors are in a tight corner as almost all close-ended mutual funds failed to declare any dividend for the unit holders for FY24 thanks to the depressed stock market.Fund managers blamed a number of adverse factors for their failure to give any return for the year, including floor...

Regulator orders probe into Khan Brothers' recent surge on DSE

The securities regulator has asked the Dhaka bourse to probe into the recent unusual price movement of loss-making company Khan Brothers PP Woven Bag Industries.The share price of the company that experienced losses for the last four consecutive years jumped 125 per cent in the last three weeks and closed...

BB receives ‘Global Youth Financial Inclusion Award-2024’

Bangladesh Bank (BB) has received the 'Global Youth Financial Inclusion Award-2024 for playing a role in increasing the financial inclusion of the youth, reports UNB.The award was given to the central bank at a meeting of the Alliance for Financial Inclusion (AFI) global policy forum held recently in the Central...

BRAC Bank Reading Café explores 'Keu Keu Kotha Rakhey'

BRAC Bank Reading Café recently hosted a stimulating discussion on acclaimed Bangladeshi mystery writer Mohammad Nazimuddin's novel 'Keu Keu Kotha Rakhey'. The author's presence enriched the session as members critically and analytically explored the novel's intricate layers. His insights, which were a highlight of the session, provided a deeper understanding...

PREMIER BANK, LORDS SCHOOL SIGN DEAL

The Premier Bank and LORDS school recently signed an agreement at the bank's head office at Iqbal center. Under the agreement, the English medium school in Dhaka is offering special discounts on monthly tuition fees and other financial benefits for the children of employees and customers of the bank. Mohammad...

Sonali Bank signs agreement with Bangladesh Tourism Board

Sonali Bank PLC signed an agreement with Bangladesh Tourism Board to collect charges and fees from tour operators through Sonali Payment Gateway (SPG). The signing ceremony was held at bank's head office conference room on 15 Septemebr, Sunday. Sonali Bank PLC CEO & Managing Director Md. Afzal Karim and Bangladesh...

Shahjalal Islami Bank holds EC meeting --

The 881st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held recently at the Corporate Head Office of the bank. The meeting was presided over by Akkas Uddin Mollah, Chairman of the committee. The members of the committee discussed various issues related to investment...

JANATA BANK WORKSHOP ON PREVENTION OF MONEY LAUNDERING --

A daylong workshop on 'Prevention of money laundering and financing of terrorism' was held at Janata Bank Staff College on Saturday with the participation of executives of Janata Bank PLC. Managing Director of the bank Md Abdul Jabbar was present as the chief guest and delivered speech as the keynote...

DMCB hosts annual general meeting

The Annual General Meeting (AGM) of The Dhaka Mercantile Co-operative Bank Ltd (DMCB) for financial year 2023-2024 was held in Dhaka on Sunday. Chairman of the DMCB Group Captain Abu Zafar Chowdhury (Retd) presided over the AGM. Managing Director Shamsun Nahar Zafar and Additional Managing Director Mostaque Ahmed Khan Alamgir...

Agrani Bank HOLDS Training on "Development of Leadership"

A five-day training programme titled 'Development of Leadership Qualities of Branch Management' began at the Agrani Bank Training Institute (ABTI) on Sunday. The training course was inaugurated by CEO of Agrani Bank PLC Md. Murshedul Kabir as the chief guest. The event was presided over by ABTI Director and Deputy...

GP, Symphony unveil co-branded 4G smartphone

Mobile phone operator Grameenphone in collaboration with local handset manufacturer Symphony has launched co-branded smart phone dubbed ATOM5, reports BSS. With made in Bangladesh tag, this Symphony ATOM5 offers premium features equipped with advanced technology accessible to all, said a Grameenphone press release on Sunday. It said this partnership aims...

US Fed expected to announce its first interest rate cut since 2020

WASHINGTON, Sept 15 (AFP): The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.Senior officials at the US central bank...

BoC governor raises prospect of faster rate cuts

OTTAWA, Sept 15 (Reuters): Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.Macklem told the newspaper in an interview that rate-setters are concerned about Canada's labor market and the possibility of lower oil prices...

Nippon Steel bid for US Steel faces Sept 23 review deadline

WASHINGTON, Sept 15 (Reuters): A powerful US national security panel reviewing Nippon Steel's $14.9 billion bid for US Steel faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said.The Committee on Foreign Investment in the United States has...

Indonesia's Prabowo plans $65b green fund from selling carbon credits

JAKARTA, Sept 15 (Reuters): Indonesia's President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise $65 billion by 2028, an adviser told Reuters.A new regulator for carbon emission rules will be established to oversee efforts to...