Chittagong bourse losing relevance as turnover remains low: Stakeholders
The relevance of the Chittagong Stock Exchange (CSE) has been called into question for its insignificantly low turnover. At a time when the regulatory bodies are contemplating reforms for the market's development, stakeholders ask whether the port city bourse should continue to operate as an independent exchange at all. "It...
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Good governance marks Bank Asia's 25-year journey: MD
Good governance, innovation, and financial inclusion have marked the 25-year journey of Bank Asia, its Managing Director Sohail RK Hussain has said."Good governance has played the most important role in Bank Asia's operations since its beginning. As a result, it does not belong to the group of problem-ridden banks at...
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Indian shares end lower, pulled down by Adani firms on implications of US indictment
Indian shares inched lower on Tuesday, weighed down by Adani Group stocks' on worries about the implications of alleged bribery charges by the US against their key executives, reports Reuters.The NSE Nifty 50 shed 0.11 per cent to 24,194.5 points, while the BSE Sensex lost 0.13 per cent to 80,004.06.Moody's...
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DSEX edges up on rise of selective stocks
Stocks ended slightly higher on Tuesday, as investors showed interest in some large-cap scrips. The prime index of the Dhaka Stock Exchange (DSE) rose 7 points to 5,143.13. The benchmark index of the Dhaka bourse managed to stay afloat following consecutive downbeat sessions, owing to investors' buying interest in particular...
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SOUTHEAST BANK SIGNS MOU WITH BENGAL GLASS
Southeast Bank recently signed a memorandum of understanding (MoU) with Bengal Glass to provide payroll services. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and Khandaker Gyasuddin, executive director of Bengal Glass, exchanged the document at the bank's head office in the capital. This agreement aims to offer debit...
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PUBALI BANK, DELTA LIFE INSURANCE SIGNS AGREEMENT
Pubali Bank and Delta Life Insurance Company on Tuesday signed a 'Group Hospitalisation Insurance' agreement as part of a strategic collaboration aimed at improving healthcare benefits for the bank's employees. The agreement was signed at the bank's head office in the capital. The insurance company will ensure financial protection against...
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MODHUMOTI BANK TITLE SPONSOR OF 26th National Cricket League
Modhumoti Bank recently signed an agreement to become the title sponsor of 26th National Cricket League (NCL) 2024-25, a tournament organised by Bangladesh Cricket Board (BCB). The cricket contest kicked off on October 19, 2024. Humayun Kabir, chairman of the bank's board of directors, handed over a cheque to Faruque...
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BENGAL COMMERCIAL BANK HOLDS 36TH BOARD MEETING
Bengal Commercial Bank PLC held its 36th meeting of the Board of Directors recently at the bank's Head Office at Gulshan in Dhaka. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Ghulam Mohammed Alomgir, Vice Chairman of the bank; Tarik Morshed, Managing Director and CEO; and members...
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JANATA BANK LAUNCHES FEE PAYMENT FACILITY FOR KUET STUDENTS
The students of Khulna University of Engineering and Technology (KUET) can now pay their academic fees through Janata Bank's mobile banking app, eJanata. KUET Vice Chancellor Dr Muhammad Masud inaugurated this special module of the app at the university's conference room recently. Abul Kalam Azad, GM-in-charge of the Khulna Divisional...
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Ghana's battered local bond market casts shadow over growth rebound
ACCRA/LONDON, Nov 26 (Reuters): Ghana's economy is growing again, two years after a painful economic crisis pushed it into default, but repercussions from a local debt restructuring are casting a shadow over its longer-term recovery.The restructuring, unprecedented on the African continent, so decimated the local bond market that the government...
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Fitch puts some Adani bonds on negative watch as Sri Lanka weighs accusations
Sri Lanka is weighing US bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a possible downgrade, as fallout widens from indictments of some key executives of the Indian conglomerate, reports Reuters.US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew...
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