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

27 listed cos downgraded to 'Z' category

In a major push to enforce compliance, Dhaka Stock Exchange (DSE) has downgraded 27 more listed companies to the 'junk' or 'Z' category as half of them failed to declare any dividends for two consecutive years and the others did not complete the distribution of approved dividends.The DSE made the...

Islami Bank stock now under BSEC scanners for unusual price hike

The securities regulator has asked the Dhaka Stock Exchange (DSE) to investigate the unusual price movements and trading volumes of shares in Islami Bank Bangladesh.Islami Bank stock price soared 116 per cent to Tk Tk 70.4 on Wednesday at the Dhaka Stock Exchange after the downfall of the Awami League...

Metro Spinning to keep factory shut for one more yr

Metro Spinning Ltd, a concern of Makson Group, has announced to keep its factory closed for 12 more months for renovations aimed at enhancing production capacity. The spinning mill announced the closure of its factory through a stock exchange filing on Wednesday. Its factory remained closed since August 2023 for...

‘Govt’s objective is to ease trade, commerce’

The objective of the present government is to ease and facilitate the country's trade and business.Finance and Commerce Adviser Salehuddin Ahmed said this at a meeting with the leaders of American Chamber of Commerce (AmCham) at the commerce ministry on Wednesday.He said in the last 16 years, no rules and...

Guardian Life partners with Grameen Digital Healthcare Solutions

Guardian Life Insurance Ltd and Grameen Digital Healthcare Solutions have announced a strategic partnership to offer enhanced insurance coverage aimed at making healthcare more affordable and accessible to individuals across Bangla-desh, says a press release. By combining the medical services expertise of Grameen Digital Healthcare Solutions with the robust insurance...

ACI Motors organises Sonalika Day-Annual Service Campaign

ACI Motors has organised a Sonalika Day - Annual Service Campaign and Feedback Sharing Session-2024 for its customers, says a press release. The campaign started on Tuesday with nine programmes at a time across the country. It was officially inaugurated at Nilphamari Sadar, Nilphamari district where more than 350 customers...

Sakhawat seeks WB investment in jute, shipbuilding sectors

Shipping, Jute and Textiles Adviser Brig Gen (Retd) Dr M Sakhawat Hussain called upon on Wednesday the World Bank (WB) to invest in Bangladesh's jute and textiles sectors and shipbuilding industry, reports BSS."Jute and shipbuilding are enormously potential sectors . . . more investment and research are needed to pull...

Industries Adviser for enhancing trade, investment between Bangladesh and South Korea

Industries Adviser Adilur Rahman Khan called for enhancing trade and investment between Bangladesh and South Korea, describing the country as one of the important development partners of his country, reports BSS."Bangladesh and South Korea signed a bilateral-trade agreement on June 21 in 1999. So, the trade and investment between the...

DHAKA BANK CLIENT WINS 1ST PRIZE IN MASTERCARD CAMPAIGN

The award ceremony of the Mastercard Summer Spend and Win Campaign, 'Stunning Sydney-2024' was held at a ceremony at a city hotel recently. Syed Mohammad Kamal, Country Manager of Mastercard Bangladesh, presented the 1st prize (a 3-night, 4-day round trip for two to Sydney, Australia) to Mahjubin Shahnaz, a Dhaka...

SOUTHEAST BANK AGM APPROVES 10PC DIVIDENDS

The 29th Annual General Meeting of Southeast Bank PLC was held virtually on Wednesday. Alamgir Kabir, Chairman of the bank, presided over the meeting. Vice Chairman Md. Akikur Rahman, Founder Chairman and Sponsor Director M. A. Kashem, ex-Chairman and Sponsor Director Azim Uddin Ahmed, Sponsor Directors Duluma Ahmed and Jusna...

NCC Bank training in Chattogram

NCC Bank organised a daylong training on 'CMSME, Sustainable Finance & Digital Financial Services (DFS)' recently in Chattogram for the CMSME Relationship Managers of that region. M. Shamsul Arefin, Managing Director & CEO of the bank, inaugurated the training programme as the chief guest. A total of 63 CMSME Relationship...

Fed's rate cut revives 'reflation specter' in US bond market

NEW YORK, Sept 25 (Reuters): The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the US bond market, as some investors fear looser financial conditions could re-ignite price pressures.Yields on longer-dated Treasuries that are most sensitive to the inflation outlook have risen to the highest...

Foreign smartphone sales in China drop 12.7pc

BEIJING, Sept 25 (Reuters): Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 12.7 per cent in August year-on-year, according to data released on Wednesday from a government-affiliated research firm.Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the...

TOAB calls for vat exemption, reforms to tourism regulations

Tour Operators Association of Bangladesh (TOAB) called on the government on Wednesday to cancel new deposit requirements and address inconsistencies in the 'Tour Operator and Tour Guide Act, 2024', warning that these measures could harm future of the tourism industry, reports BSS."These requirements will discourage new entrepreneurs from entering the...

Google complains to EU over Microsoft cloud practices

BRUSSELS, Sept 25 (Reuters): Alphabet unit Google filed a complaint to the European Commission on Wednesday against what it said were Microsoft's anti-competitive practices to lock customers into Microsoft's cloud platform Azure.Google, whose biggest cloud computing rivals are Microsoft and Amazon Web Services, said Microsoft was exploiting its dominant Windows...