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

Regulator slaps 5-year ban on Ring Shine IPO managers

The securities regulator has banned top two executives of two issue management companies from any capital market activities for five years due to their involvement in the IPO of the scam-hit Ring Shine Textiles.The Bangladesh Securities and Exchange Commission (BSEC) has issued two separate orders, declaring the imposition of the...

GIB ineligible to pay announced dividends after balance sheet correction

Global Islami Bank (GIB) may have to backtrack on its decision to pay cash dividends to shareholders for 2023 after a correction in its balance sheet, showing a hefty loss in the year instead of previously-claimed profits. It had announced a 10 per cent dividend for the year. In a...

FDI surges despite economic headwinds

Net foreign direct investment (FDI) in Bangladesh has risen by 114.34 percent in the first three months of 2025 compared to the same period last year, according to Bangladesh Bank data.According to the central bank, total foreign investment inflows stood at $1.58 billion from January to March this year, reports...

Seafood festival begins at Sheraton Dhaka

Sheraton Dhaka, in partnership with bKash Limited, has launched a seafood festival titled 'Coastal Carnival' at its restaurant, The Garden Kitchen, located on the 14th floor of the hotel in Banani. The festival that began on July 10 will run until July 19 and will be available during dinner hours...

IDLC Asset Management Shariah Fund meeting held -

The 23rd Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently, with Dr Syed Muhammed Emdad Uddin in the Chair, says a statement. Board members Dr. Sayed Kamaluddin Abdullah Zafree, Dr M Mahabbat Hossain, Prof. Mamtaz Uddin Ahmed, and Mufti...

MTB FOUNDATION, UCEP LAUNCH PROJECT 'MUSTI'

MTB Foundation, the philanthropic arm of Mutual Trust Bank (MTB), and NGO UCEP Bangladesh signed a memorandum of agreement for a three-year "MTB UCEP Skills Training Institute (MUSTI)" project in Mymensingh. Running from July 2025 to June 2028, the project is aimed at providing market-relevant training to 1,200 disadvantaged youth...

MODHUMOTI BANK LAUNCHES CRM AT MITFORD BRANCH

Modhumoti Bank has inaugurated a cash recycler machine (CRM) at Mitford branch to provide modern and better banking services to customers. Md. Shafiul Azam, managing director & chief executive officer of Modhumoti Bank, inaugurated the CRM on Saturday, along with valued customers of the branch. Shahnawaj Chowdhury, additional managing director,...

PRIME BANK, IBA TO LAUNCH PROGRAMME FOR ENTREPRENEURS

Prime Bank and the Institute of Business Administration (IBA), Dhaka University (DU), will jointly launch an "Entrepreneurship & Business Development Certification Programme" targeting entrepreneurs across the country. M. Nazeem A. Choudhury, deputy managing director of Prime Bank, and Sheikh Morshed Jahan, professor, DU IBA, exchanged documents at a ceremony at...

SCB- MALAYSIAN NATIONAL SHIPPERS COUNCIL MEETING HELD

Nathan K. Suppiah, Chairman of the Malaysian National Shippers Council, hosted a luncheon and bilateral meeting at Melia Hotel in Kuala Lumpur on Sunday in honour of the visiting delegation of the Shippers Council of Bangladesh (SCB). The SCB delegation is led by its Chairman Md. Rezaul Karim. The meeting...

High-priced stocks and bonds raise tariff threat for markets

LONDON, July 13 (Reuters): Global markets are telling conflicting stories about the possible longer-term impact of US tariffs on growth, a schism that investors say means either stocks or bonds could see a steep correction once it's clear which is right.US President Donald Trump's erratic approach to trade policy that...