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

IDRA overhauls CEO appointment rules to end leadership vacancies

The insurance sector regulator has amended rules to ease the appointment of chiefs to insurance companies, as the earlier eligibility criteria were tough to meet.Insurance company representatives have welcomed the amendment to the Insurance Company (Chief Executive Officer Appointment and Removal) Regulations, 2012.The revised rules are intended to simplify the...

Bangladesh stock market opens 2026 on positive note

After a challenging year, the stock market entered the New Year on high hopes, as bargain hunters placed fresh bets on lucrative stocks on Thursday amid renewed optimism.Market analysts said investors' optimism over evolving political developments offered some relief to the broadly subdued market sentiment, with hopes for political stability...

Dire year for dollar has little light at end of tunnel in 2026

NEW YORK, Jan 1 (Reuters): A dismal year for the US dollar is ending with signs of stabilization, but many investors believe the currency's decline will resume next year as global growth picks up and the Fed eases further.The US dollar slumped more than 9 per cent this year, against...

Sabbir Hossain joins Bank Asia as AMD

Md. Sabbir Hossain, a seasoned banker with extensive banking experience, has joined Bank Asia as additional managing director (AMD) and chief operating officer (COO), effective from January 01.Mr. Hossain brings with him more than three decades of successful banking experience, particularly in the areas of technology, operations, digital transformation, and...

Iftekhar Enam promoted as DMD, AB Bank

Iftekhar Enam Awal has been promoted to deputy managing director (DMD) of AB Bank.He started his career with AB Bank as seventh batch probationary officer in June 1994 after completing his post graduation in finance from Dhaka University, according to a press release.He has practical knowledge in modern banking. He...

DTCA moves ahead with bus sector reforms in city

The Dhaka Transport Coordination Authority (DTCA) organised a workshop on Tuesday to outline a roadmap for transforming the city's bus sector, reports BSS.The event -- titled "Preparedness for Bus Sector Reform of Dhaka City" was held at the DTCA head office in Tejgaon. Dr. Md. Ziaul Haque, secretary of the...

DOA MAHFIL HELD AT JANATA BANK

Janata Bank Jatiyatabadi Karmachari Union held a doa mahfil at the bank's head office on Thursday to pray for salvation of the departed soul of former prime minister and BNP Chairperson Begum Khaleda Zia. Chairman of the bank Md Fazlur Rahman; Director Md Obaidul Haque; Managing Director Md Mazibur Rahman;...

RUPALI BANK HOLDS SPECIAL DOA MAHFIL

Rupali Bank PLC held a special doa mahfil at its head office on Thursday to pray for salvation of the departed soul of Begum Khaleda Zia, the first woman prime minister of the country. Managing Director Kazi Md Wahidul Islam, Deputy Managing Directors Parsuma Alam, Hasan Tanveer, Md Harunur Rashid...

AI spending, strong corporate profits, Fed rate cuts seen as key to 2026 US stock market

NEW YORK, Jan 1 (Reuters): The US stock market is closing the books on a third straight year of double-digit percentage gains. A fourth stellar year in 2026 may be a tall order, requiring strong earnings, a dovish Federal Reserve and strong artificial intelligence spending.The bull market for US stocks...

India allows banks to sponsor pension funds under NPS

MUMBAI, Jan 1 (Reuters): India's pension fund regulator has allowed banks to sponsor pension funds that will manage monies under the National Pension System (NPS), in a bid to bolster competition in the sector.The Pension Fund Regulatory and Development Authority (PFRDA), which oversees assets worth more than $177 billion, said...