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

BSEC bars NTC chief from taking unsubscribed placement shares

The securities regulator has asked National Tea Company (NTC) not to issue any unsubscribed placement shares to its incumbent Chairman Mamun Rashid following criticism of the board's decision in this regard.The Bangladesh Securities and Exchange Commission (BSEC) has conveyed its decision verbally to the board of the loss-making company, confirmed...

Loan defaults, provisioning drag Islami Bank profit to record low

Islami Bank has reported its lowest quarterly profit of Tk 376 million for the April-June period this year since its listing on the stock exchanges, dragged down by higher provisioning and increased payments to mudaraba depositors.The country's largest Shariah-compliant lender had earned Tk 3.07 billion in profit in the same...

TOAB to host three-day Travel and Tourism Fair from October 30

The three-day Bangladesh Travel and Tourism Fair (BTTF) 2025 will begin on October 30 at the Bangladesh-China Friendship Conference Centre (BCFCC) in Dhaka, reports UNB.The Tour Operators Association of Bangladesh (TOAB), a leading tourism trade organisation, is organising the fair to promote sustainable and environmentally friendly tourism.The press meet and...

Tahsan named brand ambassador for Walton Lift

Tahsan Khan, a popular singer and television presenter, has been appointed as the brand ambassador for Walton Lift.The announcement was made at the signing ceremony of an agreement with Tahsan at the Walton Corporate Office in the capital recently. Under this agreement, he will serve as the 'Face of Walton...

BANK ASIA PARTNERS WITH SAYEMAN BEACH RESORT

Bank Asia has signed an agreement with Sayeman Beach Resort, Cox's Bazar, to offer exclusive stay privileges for its credit cardholders. As part of this exciting collaboration, cardholders can now enjoy a special 'Buy 1 Get 2 Nights Stay' offer at the beachfront resort. This offer will remain valid from...

MODHUMOTI BANK HOLDS 137TH EC MEETING

The 137th meeting of the executive committee (EC) of Modhumoti Bank was held on Sunday at the bank's head office in the capital. The meeting was presided by EC Chairman Mr. Salahuddin Alamgir. Among others, Mr. Mostafa Kamal, Mr. Mohammad Ismail Hossain, Mr.Nemai Kumar Saha and the bank's Managing Director...

PUBALI BANK DONATES TK4M TO DHAKA NATIONAL MEDICAL INSTITUTE HOSPITAL

Pubali Bank has donated Tk4 million to Dhaka National Medical Institute Hospital as part of its corporate social responsibility (CSR). Pubali Bank Managing Director and CEO Mr Mohammad Ali handed over the cheque to the hospital's Director Professor Brigadier General (Retd) Dr. Iffat Ara. The bank's Deputy Managing Director Mr...

Southeast University signs MoU with FBCCI

Southeast University (SEU) signed a Memorandum of Understanding (MoU) with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held at the FBCCI office in the capital recently. Dr Bikarna Kumar Ghosh, CEO of the FBCCI Innovation and Research Centre, and Prof Dr Yusuf Mahbubul Islam, Vice Chancellor of...

BRAC Bank recognises Anti-Money Laundering awareness champions

BRAC Bank has recognised its Anti-Money Laundering (AML) champions amongst its coworkers through Bangladesh's first-ever AML Awareness Campaign. The bank organised a ceremony recently, celebrating 11 coworkers who embodied the values of integrity and compliance at its Head Office, with eight winners from the branches and three from an online...

Sonali Bank launches fortnight-long service campaign

Sonali Bank PLC launched a fortnight-long service campaign to create young entrepreneurs and build a new Bangladesh as part of the Youth Festival-2025 programme. MD & CEO Md. Shawkat Ali Khan inaugurated the programme at the head office conference room on Monday. The programme will run until 15th September. Deputy...

JANATA BANK'S 'MANAGERS' INDUCTION COURSE' BEGINS

Janata Bank Staff College, Dhaka organised a 20-day 'Managers' Induction Course' that began on Sunday. Managing Director of Janata Bank PLC Md Mazibur Rahman inaugurated the course. Some 25 officers of the bank are taking part in the course.

More investors rebel against European firms' executive pay plans

LONDON, Sept 1 (Reuters): The number of Europe's biggest listed firms to face investor unrest over their executive pay plans rose by nearly a quarter this year, led by a jump in revolts at meetings in Spain, data from corporate governance consultants Georgeson showed.Among major companies in nine of Europe's...

India RBI to meet bond market this week to discuss second half borrowing, sources say

MUMBAI, Sept 1 (Reuters): India's central bank will meet bond market participants, including banks and primary dealers, later this week for their suggestions on government borrowing in the second half of the fiscal year, four treasury sources aware of the matter said on Monday.The meeting will take place on Wednesday...

S Korea posts record semiconductor exports in August

SEOUL, Sept 01 (AFP): South Korea recorded its highest ever monthly semiconductor exports in August despite growing pressure from US tariffs and other restrictions on the crucial sector, government data showed Monday.Seoul recorded more than $15 billion in exports last month of semiconductors, a new record and an increase by...

India rupee hits all-time low on US tariff strain

MUMBAI, Sept 01 (Reuters): The Indian rupee dropped to a record low against the US dollar on Monday, reflecting mounting concerns over the higher US tariffs on Indian goods and the broader economic implications for the South Asian country.The rupee declined to 88.33 to the US dollar, dipping past the...