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

Regulator forbids RACE from managing funds until further order

The securities regulator has taken away control from RACE Asset Management over mutual funds after it identified BO (beneficiary owner's) accounts opened to handle funds' assets bypassing the approved custodians. The regulatory order came on Monday two weeks after it suspended block transactions of assets in the portfolios of RACE-managed...

Stocks slide back into the red after five days

FE REPORTStocks slipped into the red on Monday, snapping a five-day winning streak, as jittery investors preferred to pocket profits on quick-gaining stocks.Market analysts said the market failed to stay afloat as risk-averse investors realized their gains from the recently rallied stocks.Price fall of selective stocks, including some blue chips...

EBL opens first ever ATM services at Dhaka metro rail station

EBL opens first ever ATM services at Dhaka metro rail stationEBL becomes first to introduce ATM services at Dhaka metro rail stations, according to a press release. M. A. N. Siddique, managing director of Dhaka Mass Transit Company Limited (DMTCL), and Ali Reza Iftekhar, managing director of EBL, inaugurated the...

Exim Bank Shifted its CEPZ Branch

Exim Bank Shifted its CEPZ BranchExim Bank CEPZ branch has been shifted to a new address to provide better customer services. Managing Director and CEO of the bank Mohammad Feroz Hossain was present as the chief guest at the inaugural ceremony held at the new location at Commercial Complex of...

Fast fashion retailer Shein filed for London listing

HONG KONG, June 24 (Reuters): Shein has confidentially filed papers with Britain's markets regulator in early June for a potential London listing, two sources said, as the online fast fashion retailer moves ahead with what could one of the largest IPOs globally this year.The Chinese-founded company, which was valued at...

Fazlul Haque joins IIFC as Managing Director

AKM Fazlul Haque has recently joined as the Managing Director of Infrastructure Investment Facilitation Company (IIFC). He was a secretary of the Government of Bangladesh, says a press release.Mr. Haque hails from Barhatta upazila under Netrakona district. He completed his graduation and post-graduation in social welfare from the Dhaka University....

Dhaka calls for BIMSTEC coop on digital transformation

State Minister for Posts, Telecommunications and ICT Zunaid Ahmed Palak has urged the Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) Member States to build a platform for promoting seamless connectivity, cross-border data flow and development-oriented innovation for meaningful digital transformation in the region, reports UNB.The state...

FIRST SECURITY ISLAMI BANK HOLDS 25TH AGM

FIRST SECURITY ISLAMI BANK HOLDS 25TH AGM The 25th Annual General Meeting of First Security Islami Bank PLC was held on a digital platform on Monday. The meeting was presided over by Mohammed Abdul Maleque, Vice Chairman, Board of Directors of First Security Islami Bank PLC. Among others, Prof Dr...

ONE BANK SIGNS REMITTANCE SERVICE DEAL WITH NEC MONEY TRANSFER

ONE BANK SIGNS REMITTANCE SERVICE DEAL WITH NEC MONEY TRANSFER ONE Bank PLC and NEC Money Transfer signed a Remittance Service Agreement recently, under which Bangladeshi wage earners can easily send remittances home from countries like the UK, Italy, South Africa, UAE, Australia, Canada and other EU countries through any...

Int'l Jewellery Machinery Expo kicks off on July 04

FE REPORTLocal jewellers are going to organise International Jewellery Machinery Expo for the first time in the country, aiming to enrich the domestic jewellery industry and tap export potential of the Bangladeshi ornaments in the global market.The three-day exhibition with the theme of technological touch in jewellery will be launched...

RUPALI BANK HOLDS MEETING ON GRIEVANCE REDRESS SYSTEM

RUPALI BANK HOLDS MEETING ON GRIEVANCE REDRESS SYSTEM Rupali Bank PLC held a meeting with the stakeholders on grievance redress system at the Dhaka North West Zonal office of the bank on Monday. General Manager of Dhaka North Divisional Office of the bank Md Noman Miah attended the meeting as...

NEW OFFICE-BEARERS OF BANGLADESH PAT SHILPA KARMAKARTA SAMITY TAKE OATH

NEW OFFICE-BEARERS OF BANGLADESH PAT SHILPA KARMAKARTA SAMITY TAKE OATHA new 33-member executive committee of Bangladesh Pat Shilpa Karmakarta Samity (BPSKS) has been elected for 2024-26 recently, with ASM Mamun-Ur Rahman, General manager (production), as its president and Md Nadiruzzaman, manager (admin), as its secretary general. A swearing-in ceremony for...

Australia to make supermarket industry code mandatory

SYDNEY, June 24 (Reuters): Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.Grocers with more than A$5 billion ($3.3...