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

Reinsurance backlog at Sadharan Bima drags down claim settlement ratios

A large volume of reinsurance claims pending with the state-run Sadharan Bima Corporation (SBC) is a major reason behind the low claim settlement ratios in the insurance sector, according to industry insiders.Sadharan Bima Corporation owes insurers more than Tk 14 billion in reinsurance claims as of December 2024, according to...

Speculative stocks surge, blue chips retreat on DSE

Many junk stocks have continued to rally against the price correction experienced by market blue-chip stocks, leading to volatility on the Dhaka Stock Exchange (DSE).Such stocks, including Zeal Bangla Sugar Mills, also topped the chart of gainers on Thursday.On the other hand, the majority of blue-chip stocks, including Square Pharmaceuticals...

Regulator to look into loan irregularities by KHB Securities

The Bangladesh Securities and Exchange Commission (BSEC) has begun looking into alleged loan irregularities at KHB Securities Limited.Abul Kalam, spokesperson for the market watchdog, said the inquiry committee would determine whether any operational irregularities had been committed at the brokerage firm. The commission will take appropriate measures if any violation...

Shrimp industry at critical juncture

Speakers at a policy dialogue said Bangladesh's shrimp industry is at a critical crossroads and requires urgent, strategic policy reforms to reinstate its global competitiveness after years of decline.The Policy Research Institute of Bangladesh (PRI), in collaboration with the Bangladesh Frozen Foods Exporters Association (BFFEA), organised the dialogue titled "Transforming...

Workover at Habiganj well No. 5 boosts gas supply to national grid

Habiganj well No. 5, operated by Bangladesh Gas Fields Company Limited (BGFCL), is now supplying around 26 million cubic feet of gas per day to the national grid following a workover operation that led to increased gas production.The workover operation is carried out by Bangladesh Petroleum Exploration and Production Company...

GP, Glafit team up to accelerate future of electric mobility

Grameenphone, the country's leading telecommunications services provider, has entered into a strategic partnership with Glafit Bangladesh, the local subsidiary of Japan's Glafit Inc., renowned for developing, manufacturing, and marketing electric personal mobility devices.The collaboration marks a major step towards advancing sustainable and connected transportation in Bangladesh by integrating Grameenphone's IoT...

Petrobangla, BUET sign MoU for accelerating research

A Memorandum of Understanding (MoU) was signed between Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) and Bangladesh University of Engineering and Technology (BUET) to jointly accelerate education, research and training activities reports BSS. The MoU was signed at the Petrobangla's boardroom graced by Vice-Chancellor of BUET Professor Abu Borhan Mohammad...

PUBALI BANK LAUNCHES GREEN FINANCING REPORT

Pubali Bank has officially launched its first-ever independent Annual Sustainability & Impact Report 2024. Carrying the tagline "Green Financing: Leads to Sustainability," the report is fully aligned with the globally recognised IFRS S1 and S2 sustainability disclosure standards. This landmark publication outlines Pubali Bank's progress across key environmental, social, and...

BRAC BANK OFFERS 'SHAFOLLO' LOANS TO iFARMER AGRI RETAILERS

BRAC Bank has partnered with iFarmer, a Bangladeshi agri-tech company, to extend its digital lending programme 'Shafollo'. Through this collaboration, iFarmerCenter (IFC) retailers will be able to access working capital directly from BRAC Bank's Shafollo initiative. Loans can be accessed through BRAC Bank's Shubidha App and iFarmer'sKriShop App. A memorandum...

MODHUMOTI BANK INAUGURATES ITS 53RD BRANCH AT JHENAIDAH

Modhumoti Bank inaugurated its "Jhenaidah Branch" as its 53rd branch at Sher-e-Bangla Road in Jhenaidah Sadar Upazila on Thursday. Humayun Kabir, chairman of the bank's board of directors, inaugurated the branch as the chief guest. Salahuddin Alamgir, chairman of the executive committee; and Mohammad Ismail Hossain and A. Mannan Khan,...

Uttara Bank opens its 250th branch in Cumilla

Md. Abul Hashem, Managing Director & CEO of Uttara Bank PLC, inaugurated the 250th branch of the bank in Laksam, Cumilla, on Thursday. Additional Managing Director Maksudul Hasan was present as the special guest. Md. Rabiul Hasan, General Manager (Public Relation), and Md. Jahangir Alam, Deputy General Manager & Zonal...

Push is on in US Congress to impose ban on lawmaker stock trades

WASHINGTON, Dec 4 (Reuters): A bipartisan coalition in the US Congress is seeking action to ban lawmakers from buying and selling individual stocks, a practice that has long raised ethics questions and is stoking infighting among lawmakers over how deeply to regulate their personal finances.Republican Representative Anna Paulina Luna of...

Trump's U-turn on fuel economy rules lifts European carmakers' shares

Shares of European carmakers jumped between 2.5 per cent and 5 per cent in early Thursday trading after US President Donald Trump proposed slashing fuel economy standards finalised by his predecessor Joe Biden, reports Reuters.The Trump administration cast the change, aimed at making it easier for automakers to sell gasoline-powered...