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

5 cos, including BEXIMCO, Beximco Pharma under fresh probe

The securities regulator has formed a four-member body to probe whether five companies, including three from Beximco Group, are compliant to protect the interest of investors and the capital market. The companies are BEXIMCO, Beximco Pharmaceuticals, Shinepukur Ceramics, Ratanpur Steel Re-Rolling Mills (RSRM), and New Line Clothings.The committee led by...

Undeclared money will revive market if allowed in stocks

An association of retail investors has demanded that undeclared income be allowed for investment in stocks to save the moribund equity market. The market index tumbled to a five-year low while market capitalisation has been reduced by around Tk 1.2 trillion since the formation of the interim government. The daily...

BRAC Bank launches international debit card for buying houses

BRAC Bank has launched Visa ARQ Express International Debit Card, a pioneering solution designed to assist corporate and institutional clients in Bangladesh, to conduct secure and seamless international transactions.This initiative, in partnership with Visa, the global leader in payments, aligns with Bangladesh Bank's recent directive. The directive permits local agent...

LPG operators oppose govt’s VAT hike proposal

The LPG Operators Association of Bangladesh (LOAB) has strongly opposed the government's proposal to increase Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) cylinders from 7.5 per cent to 10 per cent.They warned that the move could severely destabilise the country's energy security and hurt millions of low-income families.LOAB...

Govt to procure 30,000MTs of phosphate, 70,000MTs of fertiliser

The government has approved separate proposals for procuring some 30,000 tonnes (MTs) of rock phosphate and 70,000 MTs of MOP fertiliser to meet the growing demands of the country, reports BSS.The approvals came from the 22nd meeting of the Advisers Council Committee on Government Purchase (ACCGP), held at the Cabinet...

Berger Paints champions sustainability with Eco Coat

As the World Environment Day 2025 approaches, Berger Paints Bangladesh is highlighting its strong commitment to environmental care. A key part of this commitment is its innovative product, Berger Eco Coat, groundbreaking as South Asia's first air-purifying paint, says a statement.Berger Eco Coat is engineered with Air Purifying Hybrid (APH)...

BANK ASIA'S AGENT BANKING DEPOSITS CROSS TK 60B

Bank Asia, the pioneer of agent banking in Bangladesh, recently achieved a milestone of Tk 60 billion deposit through its agent banking channel. Chairman Romo Rouf Chowdhury, Vice Chairman Zakia Rouf Chowdhury, along with other board members and senior management team celebrated the momentous occasion at Bank Asia Tower, Karwan...

UCB, PLANTEN AGRO JOIN HANDS TO DRIVE SUSTAINABLE AGRI GROWTH

United Commercial Bank (UCB) signed a memorandum of understanding (MoU) with Planten Agro Ltd., an agri-tech startup, to establish a strategic partnership aimed at promoting sustainable agricultural sector development. The agreement was signed by Nabil Mustafizur Rahman, additional managing director of UCB, and Md. Golam Azam Faruque, managing director of...

City Bank, CEAB hold Chinese Investors' Night

City Bank, in collaboration with Chinese Enterprises Association in Bangladesh (CEAB), recently hosted a high-level business networking event in honour of the visiting business delegation comprising of over 100 Chinese investors and businessmen. This visit was aimed at exploring new avenues for joint investment and trade collaboration across key sectors....

COMMUNITY BANK HOSTS `RISK SUMMIT 2025'

Community Bank Bangladesh PLC hosted a 'Risk Summit 2025' at its Head Office in Dhaka recently. The summit discussed the overall situation of the bank's portfolio, the current status of risky loans portfolio, the imminent threat of risky loans, provision status, and various risks related to the loan portfolio. Branch...

Union Bank holds 39th Board meeting

The 39th meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Tuesday. Chairman of the Board of the Directors Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management Committee Md. Humayun Kabir,...

WALTON WITNESSES HIGH DEMAND FOR FRIDGES

Consumers crowd a Walton showroom in Dhaka ahead of Eid-ul-Azha, as demand for freezers surges. With Eid-ul-Azha drawing nearer, consumers are flocking to electronics and home appliance outlets to purchase freezers and Walton tops the list of their preferred brands. Besides, Walton fridge buyers can enjoy 'Millionaire Offer' under ongoing...

JANATA BANK OPENS NEWLY-RELOCATED WOMAN BRANCH IN M'SINGH

Janata Bank PLC relocated its Town Hall Crossing Branch (formerly women's branch) to a new building in Mymensingh on Wednesday. Managing Director of the bank Md Mazibur Rahman inaugurated the branch as the chief guest while General Manager of Mymensingh Divisional office Farzana Khalek was present as the special guest....

Al-Arafah Islami Bank holds 428th board meeting

The 428th Board meeting of Al-Arafah Islami Bank PLC was held on Tuesday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the Bank was reviewed and several policy decisions were made at the meeting. Directors of the Bank Md. Shahin Ul...

NATIONAL BANK HANDS OVER SUBORDINATED BOND CERTIFICATE

National Bank PLC officially inaugurated the handover of its third subordinated bond certificates at the bank's head office in Dhaka on Tuesday. Imran Ahmed, Managing Director (Current Charge) of the bank, was present as the chief guest. Through this bond issuance, National Bank aims to strengthen its capital base and...