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

National financing strategy much needed for bond market

The absence of a national strategy for long-term financing hinders the growth of the country's bond market, said the chief of Prime Bank Investment. Limits should be set for fund collection from different sources, cutting dependency on bank loans. That will, in turn, create an environment conducive to business financing...

Paramount Textile's profit down 24pc in Q1

Paramount Textile's profit plunged 24 per cent year-on-year to Tk 191 million in the first quarter of FY25, due to the closure of its associate company and higher finance costs.Paramount Textile's associate company -- Paramount Btrac Energy, a 200 megawatt HSD (High-Speed Diesel) power plant, shut down in February this...

Call for relaxing financial regulations to promote ease of doing business

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) laid emphasis on relaxing financial regulations to promote ease of doing business for establishing a favourable trade and investment ecosystem, reports BSS.The chamber made the observation at a meeting between the Board of Directors of JBCCI and Commerce Adviser Sk Bashir Uddin at...

Hajj Finance Company gets new MD

Md. Shafiqur Rahman has joined Hajj Finance Company Limited (HFCL) as its Managing Director recently, says a press statement. Previously, he was the Deputy Managing Director of Al Arafah Islami Bank PLC.After completing his masters in accounting and management from the University of Dhaka in 1985, Shafiqur Rahman started off...

MTB PARTNERS WITH EYE HOSPITAL, PROVIDES HEALTH CARE TO THE MARGINALISED

Mutual Trust Bank (MTB) Foundation recently partnered with Ispahani Islamia Eye Institute and Hospital to provide basic healthcare focusing primarily on eye care to the underprivileged in Patuakhali's Akharbari. Samia Chowdhury, chief executive officer, and Golam Rabbani, an associate from the foundation, attended the programme. The programme ensured basic healthcare...

PRIME BANK SIGNS DEAL TO support UCB STUDENTS

Prime Bank on Tuesday signed a memorandum of understanding with Universal College Bangladesh (UCB) to provide its students with internship and work placement opportunities. UCB paves the way for earning degrees from globally renowned institutions such as Monash University, University of London, and UCLan. Nazeem A Choudhury, deputy managing director...

BANK ASIA, NAVANA INK DEAL TO PROVIDE CUSTOMERS WITH DISCOUNTS ON CAR MAINTENANCE

Bank Asia recently signed an agreement with Navana, the exclusive dealer of Toyota Vehicles in Bangladesh, to provide its credit card holders a 10 per cent discount on services from Navana Toyota Service Centers. Zishan Ahammad, head of cards of the bank, and Md. Ali Ehsan, head of Toyota After...

Most Gulf markets gain ahead of US inflation report

Most stock markets in the Gulf region edged higher in early trade on Thursday as investors awaited US inflation data, due later in the day, and further economic news this week, reports Reuters.The US Federal Reserve will trim interest rates by 25 basis points at its Dec. 18 meeting, according...

JANATA BANK BOARD MEETING HELD

The 829th board meeting of Janata Bank PLC was held on Tuesday, with its Chairman Mohammad Fazlur Rahman in the chair. The bank's Directors Ajit Kumar Pal, K. M. Samsul Alam, Badr-e-Munir Ferdous, and Abdul Majeed Sheikh, along with Managing Director Md Mazibur Rahman, and DMDs Md Golam Mortuza, Md...

ANSAR-VDP UNNAYAN BANK BOARD MEETING HELD

The 107th meeting of the Board of Directors of Ansar-VDP Unnayan Bank was held recently. Chairman of the bank and Director General of Bangladesh Ansar and Village Defence Party Maj Gen Abdul Motaleb Sazzad Mahmud presided over the meeting. Managing Director Mir Mofazzul Hossain was also present.

Daraz rolls out 12.12 Grand Year-End Sale

Daraz Bangladesh, the country's leading e-commerce marketplace, is gearing up to launch the 12.12 Grand Year-End Sale. Redefining the essence of shopping, this year's 12.12 campaign aims to make the experience more fulfilling and delightful for every customer, says a statement.The campaign begins today and continue until December 18. To...

RBI governor commits to policy continuity

MUMBAI, Dec 11 (Reuters): India's newly-appointed central bank governor Sanjay Malhotra said on Wednesday he will look to ensure stability and continuity in policymaking for the benefit of the economy."All businesses, all people they do need this (policy) stability rather than (a) day-to-day kind of a policy," Malhotra said.