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

Moshihor Securities to face actions under laundering act

The securities regulator has asked the Anti-Corruption Commission (ACC) to take actions against Moshihor Securities under the Money Laundering Prevention Act over the largest financial fraud in the history of the capital market. The brokerage firm is accused of embezzling Tk 1.61 billion from investors. Of the amount, Tk 685.8...

Matin Spinning Mills' profit rises over 7pc in Q3

Matin Spinning Mills, one of the largest textile companies in Bangladesh, secured a 7.15 per cent year-on-year growth in profit to Tk 102 million in January-March this year, driven by higher sales.Earnings per share (EPS) stood at Tk 1.05 for the quarter, increased from Tk 0.98 in the same quarter...

China's export controls are curbing critical mineral shipments

BEIJING, April 20 (Reuters): China's export controls on three metals important across the defence and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control over the minerals supply chain.China is the world's largest producer of antimony, germanium and gallium, which have...

BD Finance labelled as junk stock after record losses

Bangladesh Finance has been downgraded to 'Z' category from 'A' category, effective from Monday, as the company failed to declare dividends for two consecutive years to 2024 amid staggering losses.Stockbrokers and merchant bankers are requested not to provide loan facilities for purchasing shares of the company, according to a stock...

Sumit Podder Joins MTB Capital as CEO

Sumit Podder joined as the new chief executive officer (C.C) of MTB Capital, a subsidiary of Mutual Trust Bank.In his 14 year-long career, Sumit Podder led Bangladesh Finance Capital Limited as MD & CEO, according to a statement.Before that, he worked as head of Structured Finance Department at Bangladesh Finance...

Bangladesh's gold price exceeds global market prediction

The latest hike in gold prices in Bangladesh has pushed the precious metal's value beyond levels anticipated from global market trends, reports UNB.On Sunday, high-quality 22-carat gold was being sold at Tk 167,833 per bhori (11.664 grams), marking the highest price ever recorded in the country.This follows the most recent...

Copyshop hosts 10th episode of 'copykolorob'

Copyshop, a platform of the advertising and creative communication industry, hosted the 10th episode of Copykolorob, a mentoring session, says a statement. This session featured Arup Irfan, the agency head of digital ad firm Mighty, and one of the best creative leaders in the advertising world in Bangladesh. He discussed...

MODHUMOTI BANK INKS DEAL WITH MH SAMORITA HOSPITAL

Modhumoti Bank recently signed an agreement with MH Samorita Hospital & Medical College at the bank's head office in Gulshan, Dhaka. Mr. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, and Prof. Dr. Md. Abdul Jalil Ansari, principal of MH Samorita Hospital & Medical College, inked the deal....

EXIM BANK SIGNS MOU WITH HAAB

Exim Bank signed a memorandum of understanding (MoU) with the Hajj Agencies Association of Bangladesh (HAAB). The bank's Managing Director (current charge) M Akhter Hossain and Hajj Agencies Association of Bangladesh President Sayed Golam Sarwer inked the deal at a programme in the HAAB's central office, Dhaka, on April 17....

US eases port fees on China-built ships after industry backlash

LOS ANGELES, April 17 (Reuters): The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and US territories from port fees to be levied on China-built vessels, aiming to revive US shipbuilding.The Federal Register notice posted by the US Trade Representative was watered...

Sonali Bank holds Business Conference in Rajshahi

Sonali Bank PLC, General Manager's Office, Rajshahi and Bogra, jointly organised a Business Conference at a convention hall in Rajshahi on Saturday. MD & CEO of the bank Md. Shawkat Ali Khan attended the event as the chief guest. General Manager of Rajshahi GM office Khokon Chandra Biswas presided over...

Karmasangsthan Bank holds Business Development Meeting

Karmasangsthan Bank helds its "Business Development Meeting-2025" in Dhaka on Saturday, with the participation of regional, branch managers and field officers of the bank's Dhaka, Dhaka North, Gazipur and Narayanganj regions. Dr. AFM Matiur Rahman, Chairman and former Secretary of the Board of Directors of Karmasangsthan Bank, inaugurated the meeting...

Islami Bank Capital Management Limited holds AGM

Islami Bank Capital Management Limited (IBCML) organised its 15th Annual General Meeting on Sunday at Islami Bank Tower. Mohammad Khurshid Wahab, chairman of IBCML, presided over the meeting. Dr. M. Masud Rahman, Md. Altaf Hossain, G. M. Mohd. Gias Uddin Quader, directors of IBCML; Md. Omar Faruk Khan, Md. Ashraful...

Union Bank holds 28th Board Meeting

The 28th Board Meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Sunday. Chairman of the Board of the Directors Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management Committee Md. Humayun...

DHL to suspend global shipments of over $800 to US consumers

BEIJING, Apr 20 (Reuters): DHL Express, a division of Germany's Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as US customs regulatory changes have lengthened clearance.The notice on the company website was not dated, but its metadata...