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

Budgetary hopes drive DSEX higher

The benchmark equity index extended its gains for a second straight session on Sunday, as investors showed renewed interest in selective stocks, buoyed by optimism over potential incentives in the national budget for fiscal year 2025-26.Market analysts said investors were encouraged by expectations that the interim government is set to...

Mercantile Bank aims to be among top 10 digital banks in three years

Mercantile Bank aspires to be among the top 10 digital commercial banks in the country in the next three years to serve the fast-growing tech-savvy population in the industry.Keeping the future banking demand of the Gen-Z population in mind, the commercial lender intensifies its focus on bringing cutting-edge technology to...

BRAC Bank's revenue jumps 39pc in 2024

BRAC Bank PLC earned a record consolidated net profit of Tk 14.32 billion in 2024, securing a significant 73 per cent growth from Tk 8.28 billion in the year before, driven by substantial income from investments in government securities.The third generation commercial bank's consolidated earnings per share (EPS) stood at...

UCB to offer rights share

The United Commercial Bank (UCB), a leading private sector commercial bank, has announced a series of capital enhancement measures to strengthen its financial position.The bank's board has approved the issuance of one rights share for every two existing shares at an offer price of Tk 10 each. This move aims...

Foreign investors raise bets that India stock market rally may stall

Foreign investors are becoming more cautious about the Indian stock market, indicating a three-month rally may run out of legs despite retail traders growing optimistic, according to monthly derivatives data analysed by two brokerages, reports Reuters.The Nifty 50 has risen about 12 per cent from March through May, largely due...

Only fixed rate allowed for cattle market leaseholders' tax collection: DMP

Dhaka Metropolitan Police (DMP) Commissioner Sheikh Mohammad Sajjad Ali on Sunday said that cattle market leaseholders will not be allowed to collect taxes beyond government fixed rates.He also warned that stern legal action will be taken against those who forcibly take cattle-carrying vehicles to a different market than the vehicles...

Janata Bank PLC's Faridpur divisional branch managers confce held

A Faridpur Divisional Branch Managers Conference of Janata Bank PLC was held on Friday. Chairman of the bank Muhd. Fazlur Rahman was present at the conference as the chief guest while Managing Director Md Mazibur Rahman and Deputy Managing Director Md Ashraful Alam were the special guests. Faridpur Divisional office...

SHAHJALAL ISLAMI BANK DISTRIBUTES IRON SHEETS TO CYCLONE-AFFECTED FAMILIES

As part of Shahjalal Islami Bank PLC's Corporate Social Responsibility (CSR) programme, the bank distributed iron sheets among the families affected by cyclone Remal in Kalapara upazila, Patuakhali, on Saturday. Iron sheets were distributed among 240 families with the help of Bangladesh Army at the Alhaj Jalal Uddin College auditorium...

BASHUNDHARA OPENS NEW OUTLET OF CAFÉ LEO

Bashundhara Group inaugurated its newest outlet of Café Leo, a modern premium café, on the ground floor of the Bashundhara Industrial Headquarters (BIHQ) in Dhaka on Sunday. Vice Chairman of Bashundhara Group Safwan Sobhan and Director of Bashundhara Group Yeasha Sobhan along with other senior officials of the Group attended...

RUPALI BANK ZIA PARISHAD HOLDS DOA AND MILAD MAHFIL

Rupali Bank Zia Parishad organised a doa and milad mahfil at its head office mosque on Sunday on the occasion of the 44th martyrdom anniversary of Shaheed President Ziaur Rahman. Senior Joint Secretary General of Central Zia Parishad Abdullah Hil Masud, Convener of Rupali Bank Zia Parishad Md Golam Sarwar...

South Korea exports fall as tariffs hit US, China shipments

SEOUL, June 01 (Reuters): South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by US President Donald Trump'ssweeping tariffs.Exports from Asia's fourth-largest economy, an early bellwether for global trade, declined 1.3 per...

Oman’s banking sector credit rises 9pc to $87.3b

RIYADH, June 01 (Arab News): Total outstanding credit extended by Oman’s banking sector, comprising both conventional and Islamic institutions, rose by 9 per cent year-on-year to 33.6 billion Omani rials ($87.3 billion) at the end of April, according to new data.According to the Central Bank of Oman, private sector credit...

Indian airline IndiGo orders 30 Airbus A350 widebody planes

NEW DELHI, June 01 (AFP): Indian airline IndiGo said on Sunday it had signed an order for 30 more Airbus A350-900s, bringing its shopping list for the widebody aircraft from the European aircraft manufacturer to 60."We are placing a firm order for 30 Airbus A350-900s," said Pieter Elbers, the CEO...

Saudi’s GO Telecom signs deal to rebuild Syria’s telecom sector

RIYADH, June 01 (Arab News): Saudi Arabia’s GO Telecom has signed an agreement with the Syrian government to help modernize the country’s digital infrastructure, marking one of the first major private sector initiatives following the recent easing of Western sanctions.The agreement was signed by Syrian Minister of Telecommunications Abdul Salam...

Japan PM Ishiba mulls Trump trade meeting before G7

TOKYO, June 01 (Reuters): Japanese Prime Minister Shigeru Ishiba is considering visiting Washington to meet President Donald Trump before a mid-month summit of the Group of Seven nations as he seeks a trade deal, the Yomiuri newspaper reported on Sunday.Japanese officials see signs of progress on easing Trump's tariffs after...