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

Bond rules overhaul planned to tap global trade shifts, meet ESG norms

The securities regulator has moved to amend the Debt Securities Rules 2021 to make bond issuance easier, with a focus on social impact and environmental sustainability.The amendments appear urgent at a time when higher US tariffs on exports from competing countries such as India have boosted demand for Bangladeshi products,...

Dhaka bourse rebounds, ends three-session losing streak with moderate gains

The Dhaka bourse closed the week's last session with a moderate rise, breaking the losing streak of the previous three sessions as the majority of stocks closed higher.DSEX, the broad index of Dhaka Stock Exchange (DSE), had lost 2.89 per cent, or 163 points in total, to close at 5,473...

BB, PRIME BANK INK DEAL TO IMPLEMENT TK 5B START-UP REFINANCING FUND

BB, PRIME BANK INK DEAL TO IMPLEMENT TK 5B START-UP REFINANCING FUNDPrime Bank signed a participation agreement with the Bangladesh Bank (BB) to implement a Tk 5 billion Start-up Refinancing Fund aimed at fostering entrepreneurship and supporting emerging business ventures across the country. The signing ceremony took place recently at...

Saudi oil giant Aramco raises $3 billion from Islamic bonds

DUBAI, Sept 11 (Reuters): Saudi Aramco, the world's biggest oil company, raised $3 billion from a sale of Islamic bonds, a term sheet showed on Thursday, as investors appeared unperturbed by an Israeli attack on neighbouring Qatar this week.Aramco priced $1.5 billion in five-year Islamic bonds, or sukuk, at a...

Asian equities see first monthly foreign outflow in four months in August

Asian equities saw sharp outflows in August as worries over US President Donald Trump's tariffs weighed on the outlook for the region's exporters, while a weaker dollar added to margin pressures and competitiveness concerns, reports Reuters.Foreigners sold a net $8.8 billion of equities across India, Taiwan, South Korea, Thailand, Indonesia,...

South Korea scraps plan to expand tax on stock investments

SEOUL, Sept 11 (Reuters): South Korean President Lee Jae Myung said on Thursday he would not pursue plans to revise a capital gains tax on stock investments, conceding that the move risked undermining the market and reaffirming a promise of reform to revitalise it.The plans had sparked a public backlash...

IFIC BANK HOLDS 48TH AGM

IFIC BANK HOLDS 48TH AGMThe 48th annual general meeting of IFIC Bank was held on Thursday in a hybrid format, with the physical session taking place at the Army Golf Club, Dhaka. The meeting was presided over by Md. Mehmood Husain, chairman & independent director of the bank. Also in...

BRAC Bank 1st to bring agent banking outlets under insurance

BRAC Bank has partnered with Pragati Insurance Limited to bring its entire agent banking network under insurance coverage, according to a press release.All BRAC Bank agent banking outlets will now be secured through 'Cash-in-Safe' and 'Cash-in-Transit' insurance. With this initiative, BRAC Bank becomes the first bank in Bangladesh to implement...

Chinese firm signs deal to produce bluetooth headphones at CEPZ

Direction Technology (Bangladesh) Company Limited, a Chinese company, has signed an investment agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a manufacturing plant in the Chattogram Export Processing Zone (CEPZ), reports UNB.The new facility will produce bluetooth headphones, wired headphones, and data cables.Md Ashraful Kabir, Member (Investment...

Under US pressure, Mexico mulling 50pc tariff on Chinese cars

MEXICO CITY, Sept 11 (AFP): Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-per cent duty on car imports from the Asian giant-up from 15-20 per cent.The initiative, contained in a bill submitted by the government to Congress,...

SABINCO HOLDS 172ND BOARD MEETING

SABINCO HOLDS 172ND BOARD MEETING The 172nd Board Meeting of SABINCO was held at its head office in Dhaka recently. The meeting was chaired by SABINCO's Chairman Sultan Abdulrauf, representative of the Government of Saudi Arabia. Deputy Chairman of SABINCO and Secretary to the Finance Division Dr Md Khairuzzaman Mazumder...

ADN Group joins hands with Korean firms to set up advanced multipurpose assembly facilities

ADN Telecom Limited and ADN Technologies Limited, strategic business units of ADN Group -- one of the nation's largest IT conglomerates -- have signed MoUs with South Korean companies CND Motors Co. Ltd. and PBS Co.Ltd. to collaborate on sustainable infrastructure, renewable energy, and smart mobility solutions in Bangladesh. The...

Daraz launches 9.9 Anniversary Mega Sale

Daraz Bangladesh, the country's leading e-commerce platform, has launched the much-anticipated 9.9 Anniversary Mega Sale recently in celebration of its anniversary, says a press statement.The campaign, which will run until September 18, gives customers the perfect opportunity to grab exclusive deals. The sale promises an extraordinary shopping experience with Flash...

Rupali Bank PLC Managing Director Kazi Md Wahidul Islam at the Financial Literacy Programme held at the Rupali Sadan Corporate

Rupali Bank PLC Managing Director Kazi Md Wahidul Islam at the Financial Literacy Programme held at the Rupali Sadan Corporate Branch of the bank on Thursday as part of the bank's fortnight-long campaign from Sept 1-15 to impart financial literacy to the young generation.

ELECTRO MART GROUP PROVIDES 1,000 UMBRELLAS FOR BANGLADESH POLICE

ELECTRO MART GROUP PROVIDES 1,000 UMBRELLAS FOR BANGLADESH POLICEThe Electro Mart Group provided 1,000 umbrellas to the Senior Secretary of the Ministry of Home Affairs for the welfare of the Bangladesh Police Force. Group Chairman Md Nurun Nawaz Selim handed over the umbrellas having Konka and Gree logos to Senior...