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

Regulator to define 'Public Interest Entity' to force listings

The securities regulator has moved to define 'Public Interest Entity (PIE)' to make it legally binding for all companies, including state-owned enterprises (SoEs) and multinational companies (MNCs), to go public if they meet the specified conditions.The move comes against the backdrop of strong resistance from SoEs and foreign companies to...

Walton FY25 profit declines amid higher costs

Walton Hi-Tech Industries' profit dropped 23.5 per cent year-on-year to Tk 10.37 billion in FY25 due mainly to lower sales and higher finance costs.The electronic and home appliance giant's earnings per share (EPS) fell to Tk 34.22 for the year through June from Tk 44.78 in the previous year, according...

Renata introduces fludrocortisone tablets to UK

Renata has launched Fludrocortisone 0.1mg tablets in the UK market, marking a significant milestone in its export portfolio.Fludrocortisone is a synthetic corticosteroid (anti-inflammatory hormone) used as replacement therapy for Addison's disease and for treating salt-losing adrenogenital syndrome, conditions where the adrenal glands fail to produce sufficient hormones.The drug is being...

BD, Pakistan move to restore direct flights

Senior officials of the Civil Aviation Authority of Bangladesh (CAAB) and the Pakistan Civil Aviation Authority (PCAA) have expressed interest in resuming direct flights between the two countries to boost trade, tourism, and people-to-people contacts.A discussion was held on Wednesday when PCAA Director General Nadir Shafi Dar met CAAB Chairman...

Islami Bank chairman announces plan to sell all his shares

Islami Bank Bangladesh PLC Chairman and Independent Director M Zubaidur Rahman has announced his plan to sell all shares registered under his name through the Dhaka Stock Exchange (DSE), reports UNB.According to a disclosure published on the DSE website, Zubaidur expressed his intention to sell 149622 shares within the next...

KONA Software Lab joins hands with Islami Bank to prepare EMV-compliant card services

KONA Software Lab Ltd., a payment and security solutions company, has announced successful implementation of its Kona Card Personalisation System (K-CPS) for Islami Bank Bangladesh PLC, one of the largest commercial banks in the country.This global platform-compliant EMV card personalisation system will enable Islami Bank, the first client of K-CPS,...

DHAKA BANK, MASTERCARD LAUNCH CREDIT CARD FOR GYC MEMBERS

Dhaka Bank in partnership with Mastercard unveiled an exclusive co-branded credit card for members of Gulshan Youth Club Limited (GYC) at a ceremony held at Radisson Blu Dhaka recently. A K M Shahnawaj, managing director (current charge), Dhaka Bank; Humayun Kabir, president of Gulshan Youth Club, among others, were present...

PRIME BANK HOSTS FINANCIAL INCLUSION SEMINAR AT IUB

Prime Bank, Independent University, Bangladesh (IUB), and the institution's Department of Human Resource Management and Independent HR Society organised at IUB campus a seminar for youth's financial inclusion. The programme was held under the banner of PrimeAcademia-Prime Bank's banking service platform for academic institutions.

PAID-UP CAPITAL OF BANGLADESH DEVELOPMENT BANK RAISED

The paid-up capital of the state-owned Bangladesh Development Bank PLC has been raised from Tk 4.0 billion to Tk 6.0 billion. Paper shares worth Tk 2.0 billion, equivalent to 20 million shares, were handed over to Dr. Md Khairuzzaman Mozumder, Secretary of the Finance Division, Ministry of Finance, during a...

Community Bank hosts training programme on 'Money Laundering Prevention'

Community Bank Bangladesh PLC has recently organised a training programme on 'Prevention of Money Laundering: Practical Aspects and Case-Based Analysis' at its Head Office, Police Plaza Concord, Gulshan, Dhaka. The session was designed to enhance officials' capacity in tackling money laundering and terrorist financing risks. Mohammad Morshed Alam, Director (Money...

IDRA signs group insurance agreement with Pragati Life Insurance

Insurance Development and Regulatory Authority (IDRA) has recently signed a group life & health insurance agreement with Pragati Life Insurance PLC. Dr. M Aslam Alam, Chairman of IDRA, and Md. Jalalul Azim, Managing Director & CEO of Pragati Life, signed the agreement. Under this agreement, Pragati Life will provide Group...

Asia markets down as gold hits fresh high

HONG KONG, Sept 3 (AFP): Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets.Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to...

Correction_2025-09-04

The FE mistakenly cited Abidur Rahman Chowdhury as managing director of Southeast Bank in a photo caption published in the newspaper's September 3 issue. Mr Chowdhury is currently serving as managing director (current charge) of the bank. The error is regretted.

US limits TSMC chipmaking tool shipments to China

WASHINGTON, Sept 3 (AFP): President Donald Trump's administration has revoked Taiwanese semiconductor giant TSMC's authorization to export US chipmaking equipment to China without a license, further restricting access to US technology in the country.The move comes as the US Commerce Department moved to end the "validated end-user" (VEU) program allowing...

7th World Fair & Fest in US to open new avenues for BD businesses

The 7th World Fair & Fest 2026 is set to take place on October 24-25 at the Tampa Convention Center, Florida, USA, bringing together global leaders in business, culture, innovation, and youth entrepreneurship, reports UNB.Association of World Fair And Fest USA Inc, organiser of the event, held a press conference...