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

Uncertainty looms over subsidiaries of NBFIs facing liquidation

The central bank's decision to liquidate nine non-bank financial institutions (NBFIs) has raised questions about the fate of their subsidiaries and associate companies operating in the secondary market, as well as their clients who are also investors.Eight of the NBFIs are listed on the stock market and together have seven...

GPH Ispat reports first-time loss as demand for steel shrinks

GPH Ispat reported a loss of Tk 246.78 million in FY25, the first since its listing, as demand for its products declined and production and finance costs increased.According to a filing on Tuesday, the company's earnings per share fell to negative Tk 0.51 per share from a profit of Tk...

Mizanur Rashid appointed as DMD of City Bank

City Bank recently appointed Mizanur Rashid as deputy managing director (DMD) & chief business officer for its digital banking arm, according to a press release.Mizanur Rashid brings over 30 years of experience across the fintech and consumer packaged goods industries, with a proven track record of driving scale and sustained...

Remittance sent over 5M times to bKash via Pubali Bank

Bangladeshi expatriates sent remittances to their loved ones' bKash accounts more than 5 million times within 10 months via Pubali Bank, according to a press statement.Recently, a ceremony was held at bKash's headquarters to celebrate this achievement where bKash's CEO Kamal Quadir and Pubali Bank's Managing Director and CEO Mohammad...

11 more firms granted extra time to adjust negative equity

The securities regulator has granted additional time to 11 more market intermediaries to ensure compliance with provisioning requirements for unrealised losses and to adjust negative equity.The extension will take effect after December 31 this year, when the current deadline expires. Some institutions have been given one more year, some two...

BD, Myanmar fisheries assocs sign agreement to boost trade ties

Leaders from the fishery sectors of Bangladesh and Myanmar have teamed up to promote trade ties and market expansion of the fisheries industries of the two countries.The Bangladesh Frozen Foods Exporters Association (BFFEA) and the Myanmar Fishery Products Processors and Exporters Association (MPEA) signed an agreement at the BFFEA office...

Govt approves plan to import 80,000 tonnes of fertiliser

The Advisers Council Committee on Government Purchase on Tuesday approved proposals for import of 80,000 tonnes of fertiliser to ensure uninterrupted supply of this essential agricultural input for the upcoming cultivation season, reports UNB.The approval came from a meeting of the Advisers Council Committee on Government Purchase held virtually with...

BB to issue new Tk 500 banknote tomorrow

Bangladesh Bank (BB) is set to issue a new Tk 500 banknote from its 'Historical and Archaeological Architecture of Bangladesh' series on Thursday, reports UNB.The new note, bearing the signature of Governor Dr. Ahsan H. Mansur, is part of a series that will eventually cover all denominations.The central bank has...

Annex Communications partners with Dhaka Mass Transit Co

Dhaka Mass Transit Company Limited (DMTCL) has entered into an agreement with Annex Communications Ltd. to provide advertising opportunities within the Metro Rail system. The partnership will allow brands to secure advertising spaces across various locations within the Metro Rail.Khondaker Ehteshamul Kabir, Company Secretary (Additional Charge) of DMTCL, and Sharif...

BGAPMEA HOLDS EGM AND 32ND, 33RD, 34TH AGMS

The Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) held its Extraordinary General Meeting (EGM) for 2025 along with the 32nd, 33rd, and 34th Annual General Meetings (AGM) at a city hotel recently. President of the association Md Shahriar chaired the event attended by 2nd Vice President Md...

Incepta launches new drug for fatty liver and MASH

Liver diseases, particularly fatty liver and metabolic dysfunction associated steatohepatitis (MASH), are emerging as leading health challenges in Bangladesh. Incepta Pharmaceuticals has introduced a new medicine, Frehepta (generic name: Resmetirom), for the treatment of fatty liver and MASH. This is the first time the drug has been made available in...

Renaissance Dhaka unveils Zaika Signature menu

Renaissance Dhaka Gulshan Hotel has introduced its new Zaika Signature À La Carte menu at Bahar Multicuisine Restaurant, offering a selection of traditional Indian dishes.The menu, designed for diners seeking comfort with modern refinement, offers a refined exploration of regional traditions and centuries-old culinary craftsmanship. Dishes include Cone Dosa, a...

BRAC BANK, WATER.ORG PARTNER TO EXPAND WASH FINANCING THROUGH SOCIAL BOND

BRAC Bank and Water.org have entered into a partnership to expand access to safe water and sanitation across Bangladesh. The partnership strengthens BRAC Bank's social bond initiative and marks a significant step in scaling water, sanitation and hygiene (WASH) financing nationwide. The signing ceremony, held at BRAC Bank's head office...

Gulf markets subdued on weak oil prices

Gulf stock markets were subdued in early Tuesday sessions on soft oil prices, while investors awaited US economic data to gauge the Federal Reserve's policy path, reports Reuters.Oil prices held firm as traders weighed up risks from Ukrainian drone strikes on Russian energy sites, US-Venezuela tension and mixed expectations for...

SCIENTIFIC WORKSHOP HELD UNDER BADC PROJECT

A 'Scientific Workshop 2025' was held at the BARC Auditorium in Dhaka on Tuesday, organised under the ongoing pilot research project on 'Bangladesh's irrigation water management and web-based agricultural information system', being implemented by the Bangladesh Agricultural Development Corporation (BADC). BADC Chairman Md Ruhul Amin Khan was present as the...