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

Banks ride Treasury gains to stronger Q1 profits

Most listed banks posted higher profits year-on-year in the first quarter this year, buoyed by higher gains from investments in government securities.While interest income grew during the period, interest payments to depositors and lenders also jumped due to higher deposit rates, squeezing net interest income. In such a situation, higher...

BSEC cracks down on Fortune Shoes over unpaid dividends, fees

The market regulator has imposed fines on the chairman, directors, and senior officials of Fortune Shoes for failing to pay declared dividends and listing fees.The decision was taken at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday, chaired by its Chairman Khondoker Rashed Maqsood.According to a...

MTB FOUNDATION OBSERVES WORLD THALASSAEMIA DAY -

MTB FOUNDATION OBSERVES WORLD THALASSAEMIA DAY MTB Foundation, in partnership with Bangladesh Thalassaemia Hospital, recently observed the 'World Thalassaemia Day 2026'. The highlight of the event was a blood donation programme organised by MTB Foundation at the corporate head office of the bank, where a good number of MTBians participated...

PRIME BANK, HAZRAT SHAH ALI MOHILA COLLEGE INK DEAL=

PRIME BANK, HAZRAT SHAH ALI MOHILA COLLEGE INK DEALPrime Bank has entered into a strategic partnership with Hazrat Shah Ali Mohila College under its flagship educational initiative, Prime Academia. The partnership offers comprehensive solutions, including automated tuition fee collection, institutional business accounts and payroll banking for faculty and staff, as...

South Korea has room for active fiscal spending thanks to AI boom, Fitch says

SEOUL, May 13 (Reuters): South Korea has room to use fiscal policy to mitigate the economic impact of the Middle East conflict, thanks to an artificial intelligence boom, credit ratings agency Fitch said on Wednesday."If authorities are choosing to support demand through spending more, we don't necessarily see that as...

CONFERENCE OF CAMLCOS OF SCHEDULED BANKS-

CONFERENCE OF CAMLCOS OF SCHEDULED BANKSBangladesh Financial Intelligence Unit (BFIU) organised a two-day conference of the chief anti-money laundering compliance officers (CAMLCOs) of scheduled banks, beginning on May 08. The conference is aimed at strengthening the role of banks in combating money laundering and terrorist financing, as well as enhanceing...

India races to shield economy from Iran war-driven shocks

MUMBAI, May 13 (Reuters): A sustained spike in energy prices triggered by the Iran war has clouded India's macroeconomic outlook, spurring crisis-era measures from policymakers to shield Asia's third-largest economy from external headwinds.The most severe disruption of global energy supplies in history, which began in late February, is stressing India's...

ISLAMI BANK CENTRAL LABORATORY HOLDS SEMINAR ON MEASLES PREVENTION -

ISLAMI BANK CENTRAL LABORATORY HOLDS SEMINAR ON MEASLES PREVENTION A seminar on measles treatment, prevention and awareness was organised by Islami Bank Central Laboratory in the city on Tuesday. Professor Dr. M. Masud Rahman, Chairman of the Executive Committee of Islami Bank Foundation and Director of Islami Bank Bangladesh PLC,...

TAKAFUL ISLAMI INSURANCE HOLDS COMMITTEE MEETING -

TAKAFUL ISLAMI INSURANCE HOLDS COMMITTEE MEETING The 41st meeting of the Nomination and Remuneration Committee of Takaful Islami Insurance PLC was held in Dhaka on Tuesday. Committee Chairman Advocate S.M Kamaluddin presided over the meeting, attended by its members Tahmina Afroz, Engr. Khondaker Mesbah Uddin Ahmed and Mahmud Ali Khan....

UCB LAUNCHES ENTREPRENEURSHIP DEVELOPMENT PROGRAMME -

UCB LAUNCHES ENTREPRENEURSHIP DEVELOPMENT PROGRAMME United Commercial Bank (UCB) PLC has launched a month-long Entrepreneurship Development Programme in Savar, Dhaka. The programme is being conducted under the Skills for Industry Competitiveness and Innovation Program (SICIP) with support from the Asian Development Bank (ADB) and the Finance Division of the Ministry...