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

Confidence Cement to divest Dhaka plant stake to ease financial strain

After failing to secure regulatory approval for issuing rights shares, Confidence Cement has decided to sell its entire stake in Confidence Cement Dhaka, an associate company, to meet its immediate financial obligations.The Chattogram-based listed cement manufacturer holds a 50 per cent stake in Confidence Cement Dhaka, which it will sell...

DSE turnover tops Tk 14b after a year on blue-chip enthusiasm

Daily turnover on the Dhaka bourse crossed the Tk 14 billion mark on Sunday for the first time in more than a year, as upbeat investors poured fresh funds into well-performing stocks amid growing optimism in the market.Turnover, a crucial indicator of the market, stood at Tk 14.42 billion on...

Markets brace for volatility amid Trump's Fed maneuvers

Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as US President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy, reports Reuters.Trump's persistent criticism of the Fed board and Chair Jerome Powell for not lowering interest rates,...

Prime Bank, JCX Developments partner to offer housing solutions

Prime Bank, JCX Developments partner to offer housing solutionsPrime Bank entered into a strategic partnership with JCX Developments Ltd to offer premium housing solutions. The collaboration is aimed at delivering a wide range of exclusive and tailored housing solutions for Prime Bank customers. Under this agreement, Prime Bank customers will...

TRUST BANK, BB INK DEAL TO IMPLEMENT STARTUP REFINANCING FUND

TRUST BANK, BB INK DEAL TO IMPLEMENT STARTUP REFINANCING FUNDTrust Bank and Bangladesh Bank (BB) signed a bilateral participation agreement to implement Tk5 billion Start-up Refinancing Fund, aimed at nurturing innovative entrepreneurs and supporting new business ventures in Bangladesh. The ceremony was held at the Bangladesh Bank on September 2....

China to cut fees on $4.9 trillion MF industry to promote investment

SHANGHAI/HONG KONG, Sept 7 (Reuters): China aims to slash subscription and sales-related fees in the country's $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment.Draft rules published by China's securities regulator late on Friday will also guide investment towards equity funds, potentially adding fuel to...

Adviser for increasing women's participation in animal nutrition sector

Fisheries and Livestock Adviser Farida Akhter said on Sunday that women's active participation is crucial for developing a thriving animal nutrition sector in Bangladesh because they are heavily involved in livestock care, management, and decision-making, reports BSS."The national nutritional needs will be met not through big farmers, but through the...

NCC BANK HONOURED WITH '3RD EMERGING ASIA BANKING CONCLAVE & AWARD-2025'

NCC BANK HONOURED WITH '3RD EMERGING ASIA BANKING CONCLAVE & AWARD-2025' National Credit and Commerce (NCC) Bank has been honoured as runner-up in the risk management category at the prestigious "3rd ICC Emerging Asia Banking Conclave & Awards 2025", organised by the Indian Chamber of Commerce (ICC). The award ceremony...

Emdadul Hoque new chairman of Takaful Islami Securities

The 22nd meeting of the board of directors of Takaful Islami Securities Limited (a subsidiary of Takaful Islami Insurance PLC) was held in the city on Saturday. The meeting unanimously elected Emdadul Hoque Chowdhury (Emdad) as chairman for next two years, says a press release.Mr Emdadul Hoque is the Managing...

IFIC Bank promotes 115 officials to different positions

IFIC Bank promotes 115 officials to different positionsIn recognition of their significant contributions to professional competence and sustainable growth, IFIC Bank has promoted 115 officials to different positions. The bank organised a promotion ceremony titled "Celebrating Career Progression" at IFIC Tower in the capital recently. The event, arranged in a...

Al-Arafah Islami Bank holds Junior Science Olympiad Nat'l Phase

Al-Arafah Islami Bank holds Junior Science Olympiad Nat'l PhaseAl Arafah Islami Bank 11th Bangladesh Junior Science Olympiad-2025 National Phase was held in Dhaka recently. Some 600 students from different districts participated in the Olympiad at the International University of Business Agriculture and Technology (IUBAT). About 60 students were declared winners...

Japanese firms invest $6.3b in Saudi Arabia

RIYADH, Sept 07 (Arab News): Japanese companies have invested around SR23.6 billion ($6.28 billion) in Saudi Arabia, with 18 firms establishing regional headquarters in the Kingdom, said a senior Japanese official. In an interview with Al-Eqtisadiah, Daisuke Yamamoto, consul general of Japan in Jeddah, said, 82 companies operate in Riyadh...