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

Market regulator needs to look at itself before planning reforms

The securities regulator had been directly or indirectly involved in financial frauds that eroded investor confidence, crippling the market over a period of a decade and a half.That has created a ground for an in-depth and impartial investigation into the role of the Bangladesh Securities and Exchange Commission (BSEC) in...

Tapan Chowdhury new chairman of CDBL

Tapan Chowdhury, managing director of Square Pharmaceuticals, has been selected as chairman of the Central Depository Bangladesh Ltd (CDBL).He was chosen by the directors of the CDBL at a board meeting on Thursday, according to a press release.Rupali Haque Chowdhury, managing director of Berger Paints Bangladesh, has joined the CDBL...

Prime Bank pledges relief package of Tk 20m for flood victims

Prime Bank pledges relief package of Tk 20m for flood victimsPrime Bank held an emergency board meeting on Saturday in response to the severe flood situation currently affecting many districts of the country. The board of directors of Prime Bank expressed their deep concern and heartfelt sympathy for those affected...

First meeting of new board of directors of National Bank

First meeting of new board of directors of National Bank The first meeting of the newly-formed board of directors of National Bank was held on August 22, 2024. In the meeting of the board, sponsor director Abdul Awal Mintoo was elected as chairman, and sponsor director Moazzam Hossain was elected...

Sony-Smart provides free healthcare services at Uttara showroom

Smart Technologies (BD) Limited, the official distributor of Sony in Bangladesh, has launched a three-day free healthcare service programme under the theme 'Let Life Be Secure.' The initiative was inaugurated at the Sony-Smart's Uttara showroom in the city on Saturday, says a press release.The programme offers free healthcare services to...

Employees of US-Bangla donate one day’s salary for flood victims

In response to the ongoing floods in south-eastern Bangladesh, US-Bangla Airlines has pledged its support to the flood-hit communities, reports UNB.The airline's pilots, engineers, cabin crew, and all other staff have committed to donating an amount equivalent to one day's salary from their August pay to assist those affected by...

PRAN-RFL stands by flood-hit people

The country's one of the leading business conglomerates PRAN-RFL group has stood beside the flood affected people in different districts of the country, reports BSS.Dry foods and bottled water are being provided to the flood affected people under the initiative 'Pashe Achi Bangladesh,' said a press release on Saturday.The relief...

Dollar falls after Fed's Powell greenlights September easing

WASHINGTON, Aug 24 (Reuters): The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long-anticipated US interest rate cut would come next month.The weak dollar also saw the euro hit a 13-month...

IMF says right for US to cut rates though inflation risk not gone

JACKSON HOLE, Aug 24 (Reuters): The imminent rate cuts planned by the US Federal Reserve are "in line" with International Monetary Fund (IMF) advice that has put a premium on ensuring inflation was controlled but now sees risks shifting toward the labor market, IMF economic counsellor Pierre-Olivier Gourinchas said on...