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

Cost-incentive mismatch explains companies' reluctance to list

A mismatch between the expenses of listing and incentives offered by the government is the reason why companies are reluctant to enter the secondary market, said speakers at a discussion on the capital market on Tuesday. "No one comes to the capital market out of their corporate social responsibility. We...

Global Insurance gains 14pc higher income on increased return from govt securities

Global Insurance secured a 14 per cent year-on-year growth in profit to Tk 64 million in 2024, supported by higher investment income in a challenging business climate.Subsequently, the general insurer's consolidated earnings per share (EPS) stood at Tk 1.58 for 2024, up from Tk 1.38 for the previous year, according...

Highest credit rating: What it means to Prime Bank, customers and stakeholders

The Credit Rating Agency of Bangladesh (CRAB) has recently awarded the Prime Bank PLC, one of the leading private commercial banks, triple A (AAA) for long-term and ST-1 for short-term, a recognition more than technical accolade; it is a recognition of the Bank's 30-year journey rooted in service, stability, and...

Purchase body approves import of LNG cargo, urea

The government on Tuesday approved several procurement proposals, including one for importing a cargo of LNG and another for procuring 30,000 tonnes of urea fertiliser.The approvals came from a meeting of Advisers' Council Committee on Government Purchase (ACCGP) held at the Bangladesh Secretariat, with Finance Adviser Dr Salehuddin Ahmed in...

BEPZA hosts first-ever 'Annual Financial Conference 2025'

The Bangladesh Export Processing Zones Authority (BEPZA) successfully concluded its first-ever 'Annual Financial Conference 2025' on Tuesday. Held at the BEPZA Executive Office, the two-day event focused on BEPZA's financial management, challenges, achievements, innovative strategies, and future action plans, said a statement. The conference aimed to develop a strategic roadmap...

Shippers' Council team to visit Malaysia

A nine-member delegation of Shippers' Council of Bangladesh (SCB), led by its Chairman Md. Rezaul Karim, will leave Dhaka today (Wednesday) on a business tour of Malaysia. During the visit, SCB delegation will hold a bilateral meeting with the Malaysian National Shippers' Council in Kuala Lumpur, says a statement.This meeting...

MODHUMOTI BANK, SEHEO DISTRIBUTE LOANS TO MARGINAL FARMERS

Modhumoti Bank, in association with SEHEO (Socio Economic Health Education Organisation), organised an open agricultural loan and food distribution programme for 500 marginal farmers recently at SEHEO Convention Center, Chaklapara, Jhenaidah. Under this programme funded by Modhumoti Bank, loans worth Tk 100 million were disbursed. This initiative was aimed at...

CITIZENS BANK CELEBRATES 3RD ANNIVERSARY

Citizens Bank PLC recently celebrated the third anniversary of the launch of its commercial operations in a befitting manner. Chairman of the bank Chowdhury Mohammed Hanif Shoeb along with Masuduzzaman, Chairman of the Executive Committee, and other board members took part in the celebration. Among the well-wishers present was Mohammed...

BIMAN BANGLADESH AIRLINES BAGS FIVE AWARDS

Biman Bangladesh Airlines won a total of five awards, including 'Gold Trophies', at the 'ShareTrip- Monitor Airline of the Year 2024' award ceremony held at a hotel in Dhaka recently. Biman won the awards in the categories of 'Best Long-haul Airline', 'Best In-flight Meal in Economy Class', 'Most Popular Airline...

FSIB holds Human Resources and Business Development Meeting in Ctg

First Security Islami Bank PLC (FSIB) recently arranged a meeting on 'Human Resources and Business Development 2025' for branches and sub-branches of Chattogram region at Shaheen Golf and Country Club auditorium, Chattogram. Mohammad Abdul Mannan, Chairman of the bank, addressed the event as the chief guest while Abu Reza Md...

Oil prices ease as traders assess US tariffs and OPEC+ output boost

LONDON, July 8 (Reuters): Oil prices retreated on Tuesday, having climbed almost 2 per cent in the previous session, as investors assessed the latest developments on US tariffs and a higher than expected increase to OPEC+ output for August.Brent crude futures fell 12 cents, or about 0.2 per cent, to...

Gold prices slip-

Gold prices eased on Tuesday, weighed by higher US Treasury yields as US President Donald Trump announced new tariff proposals on trading partners, including Japan and South Korea, reports Reuters.Spot gold was down 0.2 per cent at $3,328.67 per ounce, as of 1207 GMT. US gold futures fell 0.1 per...