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

Factors behind recent increase in ownership stakes in companies

Sponsor-directors of some leading companies have been increasing their stake in their own firms at a time when institutional and general investors are selling shares, indicating that sponsors have confidence in the prospects of their companies.For example, three directors of Square Pharmaceuticals in recent stock exchange filings expressed their intention...

Relative calm at securities commission

The chief of the stock market watchdog and three commissioners finally met other staffers of the organisation on Monday in a reconciliation attempt after the recent outburst of conflict. The forced retirement last week of an executive director over graft allegations led to staff protests and the demand for resignation...

Japan, UNDP partner to improve waste management in Cox's Bazar

The government of Japan and the United Nations Development Programme (UNDP) signed an agreement on Monday to launch the 'Sustainable Solid Waste Management' project in Cox's Bazar, reports UNB.This initiative aims to enhance waste management systems, improve health and hygiene, and create economic opportunities for both Rohingya refugees and host...

New GTCL Officers' Assoc committee

The 12th Executive Committee of the GTCL Officers' Welfare Association officially assumed office in a grand ceremony held at the company's head office auditorium on Sunday, says a statement. Newly elected president Mohammad Shamsur Rahman and general secretary Md Moinul Islam along with other executive members were sworn in during...

Rupali Bank gets new director

Mujib Ahmed Siddique has been appointed as a director on the board of Rupali Bank PLC for a three-year term, according to a notification from the Financial Institutions Division under the Ministry of Finance. On receiving approval from Bangladesh Bank, he joined the Rupali Bank's board meeting, says a press...

AKS rolls out new B700C-R steel bar, setting new standard in construction

AKS, a leading manufacturer in Bangladesh's steel industry, has introduced a revolutionary new strength category, B700C-R. This groundbreaking product is poised to redefine the construction landscape, delivering stronger and safer structures for the nation, says a statement.The AKS TMT B700C-R steel bar sets a new industry standard, surpassing even the...

MTB PARTNERS WITH CWASA TO IMPROVE BILL PAYMENT SERVICES

Mutual Trust Bank (MTB) signed an agreement with the Chattogram Water and Sewerage Authority (CWASA) at the latter's head office in Chattogram to enhance bill payment services with greater convenience and accessibility. Under this agreement, MTB customers can pay CWASA bills through the MTB Neo app and other digital channels...

UCB, DMTCL SIGN AGREEMENT TO INSTALL CRMS, ATMS AT METRO RAIL STATIONS

United Commercial Bank (UCB) and Dhaka Mass Transit Company Limited (DMTCL) signed an agreement at Metro Rail building in the capital on Monday. Under this agreement, cash recycling machines (CRMs) and ATM machines will be installed at metro rail stations, making financial transactions more accessible for passengers. DMTCL's Managing Director...

German spending boost to leave lasting impact on world bond markets

LONDON/SINGAPORE, March 10 (Reuters): A sea change in German fiscal policy is rapidly transforming global bond markets as it is expected to increase the pool of top-rated, safe-haven debt and propel Germany into a new era of structurally higher government bond yields.The parties hoping to form Germany's next government agreed...

Pakistan unexpectedly halts easing cycle, keeping key interest rate at 12 per cent

KARACHI, March l0 (Reuters): Pakistan's central bank unexpectedly halted its easing cycle on Monday, keeping its key policy rate at 12 per cent, saying there could still be price risks including from an escalation in global tariffs even though inflation was falling for now.The central bank had slashed rates by...

India inflation likely eased below 4pc

BENGALURU, Mar 10 (Reuters): India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0 per cent for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts.As fresh winter produce hit markets over...

JPMorgan joins Goldman, hikes euro area's 2025 economic growth forecast

NEW YORK, Mar 10 (Reuters): JPMorgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area's economic growth for 2025 on the back of Germany's fiscal loosening reforms.Similar to Goldman, JPM expects growth to increase by 0.1 per centage point to 0.8 per cent. For 2026, JPM...

German industrial output rises, exports fall

BERLIN, Mar 10 (AFP): German industrial production rose slightly in January even as exports fell, official data showed Monday, a sign that Europe's top economy could be ready to turn the corner after a prolonged slump.Industrial production rose two per cent in January on the previous month, federal statistics agency...

Saudi Arabia’s seaports see 18.25pc rise in exported containers

JEDDAH, Mar 10 (Arab News): Saudi Arabia's seaports reported an 18.25 per cent increase in exported containers for February compared to the same period last year, signaling a growing demand for the Kingdom's products.According to the Saudi Ports Authority, also known as Mawani, a total of 215,491 twenty-foot equivalent units...