The securities regulator has reduced the single-day permissible price decline of stocks to 3 per cent from 10 per cent for all securities except for six that still have floor price imposed on them.The stock market has been battered since the withdrawal of the price restriction from most stocks in...
Read moreHigher selling prices and lower input costs helped Heidelberg Cement secure a moderate year-on-year growth in profit in the January-March quarter this year despite a sharp decline in sales revenue.The Germany-based cement maker's earnings grew 1.6 per cent to Tk 393 million in the quarter through March this year, compared...
Read moreMohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.Mr Abu Jafar is a seasoned banker with 34 years of experience in the industry. He brings a wealth of knowledge in business development, particularly in areas like RMG...
Read moreHaving posting an impressive annual profit growth in 2023, Singer Bangladesh suffered a loss of Tk 21 million in January-March this year, thanks to higher finance expenses amid the rising interest rate. The electronic and home appliance manufacturer gained Tk 112 million in the same quarter a year before, according...
Read moreMutual Trust Bank's (MTB) Digital Banking Division Head Khalid Hossin received the prestigious "Ingenious Leader of Technology in Customer Experience" award at the South Asian BFSI Tech Summit & Awards in Kathmandu, Nepal. The award was presented by Narayan Kaji Shrestha, deputy prime minister and home minister of Nepal. The...
Read moreThe board of directors of Islami Bank Bangladesh has recommended a 10 per cent cash dividend for the shareholders for the year 2023, subject to approval of the 41st annual general meeting of the bank. The decision was taken in a meeting of the board of directors on Wednesday with...
Read moreBank Asia PLC has recently organised a capacity development training for Agent Banking field staff simultaneously in Dhaka, Rajshahi, Rangpur, Mymensigh and Khulna Divisions to promote business through providing better services to customers and ensure gender equity in the financial inclusion drive. Managing Director of Bank Asia Sohail R K...
Read moreTesla shares surged 10 per cent on Wednesday after the electric-car maker eased some worries about growth with a prediction that sales would rise this year and said it would roll out more affordable models in early 2025, reports Reuters.The news cheered up investors who were bracing for the worst...
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