A three-day summit of the Global Alliance for Banking on Values (GABV), a network of 70 independent banks, credit unions and microfinance institutions from 43 countries, will begin in Dhaka today.

The subscription of the initial public offering (IPO) of Islami Commercial Insurance is going to start on November 20 and will run until November 24, an official of the Dhaka Stock Exchange said.

Adil Chowdhury has been appointed as president and managing director of Bank Asia Limited recently.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged Rajdhani Unnayan Kartripakkha (Rajuk) to ensure a sustainable and liveable Dhaka by reorganising itself with skilled and experienced technical members to implement the Detailed Area Plan (DAP).

LafargeHolcim Bangladesh launched a new cement brand called “Supercrete Plus”, the best fair face cement in Bangladesh, in Dhaka on Sunday.

The Dhaka Stock Exchange (DSE) broke a four-day rising streak yesterday, when its turnover also experienced a drop.

Citizens Bank launched a new product of deposit pension scheme titled “Citizens Millionaire” for its prospective customers in Dhaka yesterday.

The International Monetary Fund (IMF) team did not raise the issue of lifting floor prices during its meeting with the Bangladesh Securities and Exchange Commission (BSEC) yesterday, said Mohammad Rezaul Karim, spokesperson of the regulator. 

Apex Foods Limited clocked nearly 200 per cent higher profit in July-September on the back of efficient operation and cost cuts.    

Western Marine Shipyard Limited posted losses in the financial year that ended on June 30. 

Walton Hi-Tech Industries PLC suffered losses in the July-September quarter owing to the price hike of materials, higher freight costs, vulnerable market conditions and the devaluation of the taka against the dollar. 

A three-day summit of the Global Alliance for Banking on Values (GABV) will start tomorrow in Dhaka to share ideas and find solutions for sustainable run of the financial industry.

A rumour was going on that the International Monetary Fund (IMF) may ask the stockmarket regulator to lift the floor price as a condition of a new $4.5 billion loan, but the lender did not raise the issue in a meeting with the BSEC today.

Apex Foods Limited clocked nearly 200 per cent higher profit in July-September on the back of efficient operation and cost cuts.

Western Marine Shipyard Limited posted losses in the financial year that ended on June 30.

The Dhaka Stock Exchange (DSE) broke a four-day rising streak today when its turnover also experienced a drop.

The exchange rate of dollar needs to be freed to make the garment business profitable at this crisis time, said a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today.

"Complacency has brought us to the current forex reserve situation,” said Salehuddin Ahmed, former governor of the Bangladesh Bank.

The government should come up with a clear strategy to stop fast depletion of the foreign currency reserves in a bid to save the country from a major crisis, said a noted economist today.

The external factors are not only responsible for Bangladesh’s present economic volatility, rather there are some issues which remained unattended for a long time such as low revenue collection, absence of quality public expenditure and the non-performing loans, said noted economist Debapriya Bhattacharya today.