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

Regulatory lapses haunt nine NBFIs as liquidation looms

The nine non-bank financial institutions (NBFIs) now heading for liquidation under a Bangladesh Bank initiative were in good financial health even a decade ago.Their condition has gradually eroded over the years due to irregularities, loan scams and mismanagement under the watch of regulatory bodies during the previous regime.For instance, International...

Real turnaround requires honesty, commitment

A real turnaround of the struggling commercial banks in Bangladesh requires honesty and commitment, and there are no shortcuts, City Bank Chairman Hossain Khaled says in an interview with The Financial Express.Sharing the experience of how City became one of the leading banks from a problematic one through various reforms...

Bay of Bengal fish stocks crashing amid illegal overfishing: Farida

Bangladesh's marine fish stocks are declining at an alarming rate because of illegal, unregulated and excessive harvesting in the Bay of Bengal, Fisheries and Livestock Adviser Farida Akhter has warned, reports UNB.Speaking at a briefing on the Ecosystem Approach to Fisheries (EAF)-Nansen Survey 2025 in Dhaka on Sunday, she said...

Daraz Bangladesh wins digital commerce of the year award

Daraz Bangladesh, the country's leading e-commerce platform, has been awarded the prestigious Digital Commerce of the Year Award at the 10th BRAC Bank-The Daily Star ICT Awards, cementing its position as the country's most influential e-commerce platform, says a press release. The 10th edition of the Awards highlighted achievements across...

IPDC adds BYD Sealion 6 PHEV to Fleet

IPDC Finance PLC has taken a significant step in its sustainability journey by adding the BYD Sealion 6, a plug-in hybrid electric vehicle (PHEV), to its official fleet, says a press release. This initiative follows the installation of an EV charging station at IPDC's corporate headquarters earlier this year, further...

PriyoShop introduces Dipty Lentils to maximize MSMEs' profit

As Bangladesh's prominent B2B marketplace, PriyoShop is simplifying the supply chain and amplifying success to countless MSMEs. PiriyoShop is not only a distribution platform but also a comprehensive ecosystem that empowers mom-and-pop shops with seamless access to quality products, competitive pricing and reliable distribution networks with renowned brands, says a...

Nestlé Bangladesh hosts first ever gut health summit

Nestlé Bangladesh committed to sharing scientific knowledge with Scientific experts and research professionals, successfully organised "The Gut Nexus", a two-day workshop on The Science of the Gut Microbiome.The event blended expert talks with interactive learning, creating an engaging platform for over 250 experts from numerous relevant fields to explore the...

Global Brand launches Lenovo IdeaPad Pro 5i

Global Brand PLC has launched an exciting surprise - the Lenovo IdeaPad Pro 5i (83JK0020IN), says a press release. Calling it just a laptop would be an understatement; it's an AI-powered beast, built to skyrocket your productivity to the next level.Its 14-inch 2.8K OLED display is ideal for video editing,...

Five-day BSCIC Bijoy Mela-2025 begins in city

On the occasion of the month of victory, Bangladesh Small and Cottage Industries Corporation (BSCIC) has arranged a five-day fair featuring different products of arte facts and handicrafts made by the BSCIC registered entrepreneurs, reports BSS.As per the provided schedule, the fair ground will remain open to the public from...

Ceramic Expo Bangladesh ends

The four-day Ceramic Expo Bangladesh-2025 concluded in the city on Monday, reports BSS.Organised by the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA), this year's exhibition proves that the country's ceramic industry is on the path of rapid transformation. As many as 135 companies and 300 brands from 25 countries, including...

MTB TO PROVIDE EWU WITH PAYROLL, CASH MANAGEMENT SERVICES

Mutual Trust Bank (MTB) recently signed an agreement with East West University (EWU) to provide comprehensive payroll banking and cash management services to the university's teaching and non-teaching staff as well as to its students. EWU Board of Trustees Chairperson Professor Dr. Mohammed Farashuddin and MTB Managing Director & Chief...

PRIME BANK TO OFFER PAYROLL, CASH MANAGEMENT SERVICES TO QUALITY FEEDS

Prime Bank recently signed an agreement with Quality Feeds Limited to offer comprehensive payroll banking and cash management services. The signing ceremony took place at Quality Feed's corporate office in Dhaka. Prime Bank Deputy Managing Director M. Nazeem A. Choudhury and Finance & Risk Management Director Md. Basir Rahman; and...

SHAHJALAL ISLAMI BANK WINS SAFA BRONZE AWARD

Shahjalal Islami Bank won the bronze award in the private sector bank category from the South Asian Federation of Accountants (SAFA) for the best presented annual report 2024. Shahjalal Islami Bank Chief Financial Officer Md. Jafar Sadeq, FCA, received the award from SAFA President Ashfaq Yousuf Tola at a ceremony...

Australia expands grain-fed beef exports as US production falters

EUGOWRA, Dec 01 (Reuters): Six thousand Black Angus cattle chew on rolled barley, silage, cottonseed and molasses, fattening up in three rows of shaded pens under the hot Australian sun.After an average of 90 days at the Gundamain feedlot, their weight can increase as much as 50 per cent to...

Amazon, Google launch multicloud service for faster connectivity

NEW YORK, Dec 01 (Reuters): Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.The initiative will enable customers to establish private, high-speed...