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

Mir Akhter Hossain looks to cut finance cost by issuing preference shares

Mir Akhter Hossain Ltd is going to raise Tk 2.50 billion through preference shares to repay its high-cost bank loans to ease the finance cost burden.The board has decided to pay off its high-cost short-term loans partially with funds to be collected through preference shares, said an official of the...

CCBL yet to begin operations for delayed appointment of directors

The Central Counterparty Bangladesh Limited (CCBL) has failed to commence its operation even five years after its incorporation for delayed appointment of independent directors. The CCBL in a letter recently offered an explanation as to why it could not start working in 955 days. It said the formation of the...

Migration can be powerful driver for achieving zero unemployment, says FS

Reiterating Bangladesh's commitments on the implementation of the Global Compact for Migration (GCM) for effective migration governance, Foreign Secretary Md Jashim Uddin on Sunday underlined that human mobility lies at the heart of today's global transformation."Migration can be a powerful driver for achieving zero poverty and zero unemployment, aligning with...

CDBL HOLDS 24TH ANNUAL GENERAL MEETING

Central Depository Bangladesh Limited (CDBL) held its 24th Annual General Meeting virtually on Sunday. Azam J. Chowdhury, director of CDBL, presided over the programme. Members of CDBL's board of directors -- Syed Manzur Elahi, Naser Ezaz Bijoy, Md. Shakil Rizvi, AKM Habibur Rahman, Md. Harun-Or-Rashid, and Nasir Uddin Ahmed also...

DVS integrated with RJSC portal, e-GP system

The Document Verification System (DVS) is integrated with the RJSC name clearance portal and the Electronic Government Procurement (e-GP) system. The journey formally started on Sunday, says a statement.In the event, Secretary of ICT Division Shish Haidar Chowdhury was present as the chief guest while Registrar of Joint Stock Companies...

Islami Bank holds Shari'ah Supervisory Committee meeting --

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Sunday at Islami Bank Tower. Mufti Sayeed Ahmed, chairman of the committee, presided over the meeting. Dr. Mohammad Abdus Samad, member secretary of the committee, and Md Omar Faruk Khan, additional managing director, along with...

Sunlife to offer Group Insurance Service to TMSS

Sunlife Insurance Company Limited and TMSS have signed a group insurance Agreement recently. Under this agreement, Sunlife will provide group insurance coverage to all the employees of TMSS. Md. Rafiq Ahmed, Chief Executive Officer of Sunlife, and Prof. Dr. Hosne-Ara-Begum, Founder Executive Director of TMSS, signed the agreement. Wafi Shafique...

SADHARAN BIMA HANDS OVER DIVIDEND CHEQUE TO FINANCE ADVISER

Chairman of Sadharan Bima Corporation Mohammad Jainul Bari handed over a cheque for Tk 500 million as a dividend for the financial year 2024-25 to Finance Adviser Dr Salehuddin Ahmed on Sunday. Secretary to the Financial Institutions Division Najma Mobarek and Managing Director of Sadharan Bima Corporation Md Harun-or-Rashid were...

JANATA BANK'S 'FACULTY FOUNDATION COURSE' BEGINS

Janata Bank Staff College, Dhaka organised a 5-day 'Faculty Development Course' that began on Saturday. Managing Director of Janata Bank Md Mazibur Rahman inaugurated the course. Some 30 officers of the bank are taking part in the course.

China's Nio introduces Firefly brand to take on BMW's Mini

GUANGZHOU, China, Dec 22 (Reuters): Nio unveiled a lower-cost brand named Firefly on Saturday that it touted as a rival to Mercedes' Smart and BMW's Mini in the Chinese electric vehicle maker's latest bid to broaden its customer base and boost sales.CEO William Li announced the new brand at an...