DBH Finance secured a remarkable 40 per cent year-on-year growth in profit to Tk 333 million in the third quarter (Q3) this year, riding on substantial investment income from government securities.The earnings per share (EPS) jumped to Tk 1.68 for July-September this year from Tk 1.20 for the same quarter...
Read moreThe interim government recently formed a committee to probe past irregularities and corruption in the capital market and manipulation, particularly under the 15-year rule of the ousted Awami League-led government, reports UNB.Rampant corruption in the capital market mirrored misconduct in other sectors of the economy during the last decade and...
Read moreThe country's equity index plunged to 5,161 points, the lowest in four months, on Sunday although the finance ministry and the securities regulator have taken several measures to improve the market.The broad index fell sharply for the fifth consecutive session as panic-driven investors mounted selling pressure to escape further losses....
Read moreICC Bangladesh organised a daylong workshop on 'Risk Management in Trade Financing' in Dhaka on Saturday. ICC Bangladesh Banking Commission Chairman Muhammad A. (Rumee) Ali (2nd from left) attended the closing session as the chief guest and distributed certificates among the participants. ICCB Secretary General Ataur Rahman (extreme left), Workshop...
Read moreBRAC Bank has contributed two advanced Phaco machines to the Bangladesh Eye Trust Hospital (BETH) to make cataract surgeries more accessible for underprivileged individuals. The contribution was made under the bank's CSR initiative, 'Aporajeyo Ami,' which is focused on health. This contribution was formalised through an MoU signed by Meheriar...
Read morePrime Bank has signed an agreement with MetLife Bangladesh to offer its employees and their dependents comprehensive life and medical insurance coverage. This partnership will ensure that more than 9,600 Prime Bank employees and dependents are protected against medical expenses, accidents, disabilities, and loss of life. The agreement was recently...
Read moreSoutheast Bank PLC held its 745th board meeting on Sunday. M. A. Kashem, Chairman of the bank, presided over the meeting. Vice-Chairperson Rehana Rahman, Directors Azim Uddin Ahmed, Md. Akikur Rahman, Duluma Ahmed and Jusna Ara Kashem, Independent Director Mohammad Delwar Husain, Managing Director Nuruddin Md. Sadeque Hossain, and Company...
Read moreUS investors made large investments in equity funds in the week to October 16, buoyed by strong third-quarter earnings from US lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation, reports Reuters.According to LSEG data, US equity funds drew a sharp $20.08...
Read moreNEW YORK, Oct 20 (Reuters): Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the US presidential race tightens with less than three weeks until Election Day.Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the Mexican...
Read moreRIYADH, Oct 20 (Arab News): Saudi Arabia's Public Investment Fund has established a new property developer focused on housing for staff involved in major construction projects.The Smart Accommodation for Residential Complexes Co. will address the growing demand for housing solutions in both public and private sector projects as the Kingdom...
Read moreEnergy sector experts and leaders recommended reducing reliance on gas and fossil fuel-based power generation, advocating for investments in alternative options, particularly renewable energy, to meet the country's growing power demands.They observed that gas exploration is necessary, along with a gradual suspension of gas for residential use. They emphasised the...
Read moreGuardian Life Insurance Limited held its Annual Sales Conference 2024 at a Hotel in Cox's Bazar, themed around the vibrant slogan 'Odommo Guardian'.The event featured the presence of CEO Sheikh Rakibul Karim, along with Mahmudur Rahman Khan, SEVP & Head of Retail Business and other senior management members, said a...
Read moreCHATTOGRAM, Oct 20: The Extraordinary General Meeting (EGM) of the shareholders of GPH Ispat Limited was held virtually on Sunday. The meeting was presided over by Chairman of GPH Ispat Mohammad Alamgir Kabir. The meeting unanimously passed a resolution to issue one rights share for every three ordinary shares at...
Read moreThe 10th Annual General Meeting of Bengal Islami Life Insurance Limited was held at a hotel in Dhaka recently. Chief Patron of the company and Chairman of Bengal Commercial Bank Md Jashim Uddin was present in the meeting as the chief guest. Chairman of Bengal Islami Life Insurance Mostafa Azad...
Read moreAgrani Bank opened its 979th branch named 'Basundhara Residential Area Branch' at Bashundhara in Dhaka on Sunday, with the aim of further expanding banking services. Wahida Begum, Chief Executive Officer (current charge) of Agrani Bank, inaugurated the branch as the chief guest.
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