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

Foreign investors flee Bangladesh stocks amid political turbulence

Foreign investors have retreated from Bangladesh's equity market once again amid persistent economic challenges and fears of political friction during the electoral transition.Economic reform measures taken by the interim government after the political changeover had given rise to optimism about a market turnaround, which is why foreign stakes in well-performing...

BSEC set to revamp IPO rules for fairer price discovery

The securities regulator is set to overhaul its IPO approval framework to attract fundamentally strong companies through a fairer price discovery process.According to a press release issued on Tuesday, the Bangladesh Securities and Exchange Commission (BSEC) will repeal the existing Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015 and...

EBL, MASTERCARD to support FASTER, SAFER REMITTANCE inflow

EBL, MASTERCARD to support FASTER, SAFER REMITTANCE inflowTo make remittance to Bangladesh faster, safer, and more convenient for non-resident Bangladeshis, EBL has signed an agreement with Mastercard at the bank's head office in Dhaka on Monday.

BRAC BANK PARTNERS WITH QATAR AIRWAYS TO OFFER TRAVEL DISCOUNTS

BRAC BANK PARTNERS WITH QATAR AIRWAYS TO OFFER TRAVEL DISCOUNTS BRAC Bank has entered into a partnership with Qatar Airways to offer travel discounts to its debit and credit cardholders. BRAC Bank cardholders can now enjoy up to 10 per cent savings on the base fare of Qatar Airways tickets...

NCC BANK LAUNCHES SUSTAINABILITY REPORT 2024

NCC BANK LAUNCHES SUSTAINABILITY REPORT 2024NCC Bank officially launched its 1st Annual Sustainability Report 2024 during an "Awareness Building Program on Sustainable Finance" organised by the bank. The report, prioritising environmental, social, and governance (ESG) issues, is expected to help enhance the awareness and capacity of the bank's executives and...

UCB, MASTERCARD to encourage REMITTANCE inflow to BANGLADESH

UCB, MASTERCARD to encourage REMITTANCE inflow to BANGLADESHUnited Commercial Bank (UCB) has entered into a strategic agreement with Mastercard to leverage its transaction services to strengthen cross-border remittance services. The signing ceremony was held on Tuesday at UCB's head office, where senior officials from UCB and Mastercard were present.

Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks

NEW YORK, Oct 14 (Reuters): The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market - prompting investors to take a closer look at risky debt.Auto parts supplier First...

Five Shariah banks owe Tk 373.32b to banks, FIs

Five Shariah banks undergoing a merger are facing a massive collective liability of approximately Tk 373.32 billion in fixed deposits owed to various banks and financial institutions, according to a report of the Bangladesh Bank released on Tuesday, reports UNB.The report studied the state of the five banks.Of them, the...

Pathao celebrates 10th anniv with exclusive offers

Pathao, a leading digital platform, is marking its 10th anniversary with a month-long celebration full of various offers. During the celebrations titled '10 Years of Growing with You', Pathao users can enjoy discounts, cashbacks, and a host of interactive campaigns, as the homegrown tech pioneer commemorates a decade of innovation...

Berger Paints joins National Furniture Fair

Berger Paints Bangladesh Limited, the country's leading paint brand, has participated in the 20th National Furniture Fair that began at the International Convention City Bashundhara (ICCB) in Dhaka on Tuesday. Organised by the Bangladesh Furniture Industries Owners Association (BFIOA), the fair will run until October 18, open daily from 10:00am...

Safe-haven gold hits record high

Gold notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut this month by the US Federal Reserve and a flight to safety after a flare-up in trade tensions between Washington and Beijing, reports Reuters.Spot gold rose 0.7 per cent to $4,137.76...

BSTI MARKS WORLD STANDARDS DAY

BSTI MARKS WORLD STANDARDS DAY Bangladesh Standards and Testing Institution (BSTI) held a discussion on 'A shared vision for a better world' at the Krishibid Institution in Dhaka on Tuesday, marking the World Standards Day. Md. Obaidur Rahman, Secretary of the Ministry of Industries, was the key speaker at the...

ISLAMI BANK HOLDS SHARI'AH SUPERVISORY COUNCIL MEETING

ISLAMI BANK HOLDS SHARI'AH SUPERVISORY COUNCIL MEETING A meeting of the Shari'ah Supervisory Council of Islami Bank Bangladesh PLC was held at the Islami Bank Tower in Dhaka on Monday. Mufti Sayeed Ahmad, chairman of the council, presided over the meeting. Md. Omar Faruk Khan, managing director, and Prof. Dr....

AL-ARAFAH ISLAMI BANK ORGANISES TRAINING COURSE

AL-ARAFAH ISLAMI BANK ORGANISES TRAINING COURSE Al-Arafah Islami Bank organised a four-day training course titled 'Leadership Development in Branch Management' that began at the bank's Training Institute on Monday. Managing Director (Current Charge) of the bank Mohd. Rafat Ullah Khan inaugurated the workshop as the chief guest. The training workshop...

NATIONAL FINANCE AND DOYEL REAL ESTATE SIGN MOU FOR HOME LOAN SERVICES

NATIONAL FINANCE AND DOYEL REAL ESTATE SIGN MOU FOR HOME LOAN SERVICESNational Finance Limited and Doyel Real Estate Limited have signed a Memorandum of Understanding (MoU) recently. Under this agreement, customers of Doyel Real Estate will now be able to enjoy special loan rates and priority financial services from National...