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

Stocks exuberant as liquidity worries ease

Stocks moved up on Thursday, with the prime index of the Dhaka bourse crossing the 5,800 mark after two weeks, despite the removal of all special measures to control price movement. The Bangladesh Securities and Exchange Commission (BSEC) changed the lower circuit breaker back to 10 per cent from 3...

BO accounts of 5 ex cabinet members to be frozen

The securities regulator has ordered freezing of BO (beneficiary owner's) accounts of five former cabinet members, a lawmaker and their family members.The individuals, whose BO accounts will be frozen, include former home minister Asaduzzaman Khan Kamal, his wife Lutful Tahmina Khan, his son Safi Muddaser Khan and daughter Shafia Tasnim...

What does DSE's abnormally high P/E ratio tell us about stocks?

The ceramic sector has the highest P/E (price earnings) ratio among all sectors listed on the bourses, with latest financial results and stock prices taken into consideration.The P/E ratio, which measures stock price relative to earnings per share (EPS), is abnormally high for most ceramics manufacturers following a decline in...

President urges Kuwait to recruit more manpower from BD

President Mohammed Shahabuddin urged Kuwait to take more skilled and semi-skilled manpower from Bangladesh, reports UNB.He made the call when Kuwaiti Ambassador in Bangladesh Faisal Mutlaq H Al Adwani met the President at Bangabhaban on Thursday.During the meeting, the President said Bangladesh's bilateral relations with Kuwait are very good and...

SOCIAL ISLAMI BANK FORMS NEW BOARD

Social Islami Bank recently formed a new board and its first meeting was held on Wednesday at the bank's head office to safeguard depositors' interest and ensure good governance. Dr. M. Sadiqul Islam, professor of the Department of Finance at University of Dhaka, was elected as chairman, and Md. Anisul...

MTB COLLABORATES WITH BDRCS TO HELP THE FLOOD-AFFECTED

Mutual Trust Bank (MTB), as a part of its proactive emergency response towards the underprivileged community, has recently collaborated with Bangladesh Red Crescent Society (BDRCS) to help flood-affected people in the eastern part of the country. With the situation worsening every moment, MTB believes that this timely intervention will significantly...

Premier Bank donates Tk 10m for flood victims

Premier Bank, with participation from its employees, has donated Tk 10 million to the chief adviser's Relief and Welfare Fund formed to assist the victims of severe floods in various districts of Bangladesh. This assistance to the flood victims reflects Premier Bank's "Service First" commitment to stand by the people...

Standard Chartered Saadiq recognised as Bangladesh's best Islamic bank

Standard Chartered Saadiq, which provides a wide range of Shariah compliant Islamic banking solutions in Bangladesh, has been recognised as Bangladesh's "Islamic Bank of the Year", along with "Best Islamic SME Bank" and "Best Islamic Retail Bank" at The Asset Triple A Islamic Finance Awards 2024.This year, Standard Chartered Saadiq...

BRAC Bank provides Tk 10m for the injured in student movement

BRAC Bank disbursed Tk 10m to 414 individuals who had been injured in the recent Anti-Discrimination Student Movement.Earlier, the bank announced a Tk 20 million from its Corporate Social Responsibility funds to support the treatment of the injured. The recent disbursement is part of the effort. The bank's action reflects...

Humaira Azam new MD of LankaBangla Finance

Humaira Azam has recently joined as Managing Director (MD) of LankaBangla Finance PLC, says a press release.Humaira Azam, a distinguished leader with 34 years of experience in the financial industry, is known for her exceptional ability to drive business turnarounds and deliver outstanding leadership in challenging and multicultural environments. Humaira...

Al Arafah ISLAMI Bank opens 223rd branch in Narayanganj

Al-Arafah Islami Bank (AIB) PLC has opened its 223rd branch at Shibu Market in Narayanganj on Thursday. Director of the bank Hafez Md Enayet Ullah inaugurated the new branch as the chief guest. Deputy Managing Director Md Abdullah Al Mamun presided over the function. Chairman of Ibrahim Knit Garments Ltd...

Jamuna Bank Foundation supports Flood-hit communities

Jamuna Bank Foundation has been actively supporting flood-affected communities across the country since the onset of the devastating floods. Demonstrating its unwavering commitment to social responsibility, the foundation has undertaken several initiatives to provide relief to those in need. In Sonagazi Upazilla of Feni district, Jamuna Bank Foundation distributed 13...

Apple eyes bigger slice of India's streaming

BENGALURU, Aug 29 (Reuters): Apple is tying up with India's Bharti Airtel to offer the telecom firm's premium customers its music and video streaming services for free, giving the US giant access to thousands of consumers in the world's most populous nation.With mostly English-language content, Apple TV+ is a small...

Profits decline as Qantas looks to win back angry customers

SYDNEY, Aug 29 (AFP): Australian airline Qantas reported on Thursday a slide in net profit as post-Covid fares dropped, and said it was working to rebuild its reputation after a string of public scandals.Net profit fell 28 per cent to Aus$1.25 billion ($US849 million) for the financial year that ended...

Officials of SICIP of Finance Ministry donate Tk 0.3m to CA’s Relief Fund

Officials and Consultants of the Skills for Industry Competitiveness and Innovation Programme (SICIP) of Finance Division, Ministry of Finance have donated Tk 0.3 million to the Chief Adviser’s Relief Fund for flood victims in the city recently, says a press release.