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

Abul Khayer, associates fined again over unlawful trading in Crystal Insurance

Department of Cooperatives official Md Abul Khayer and his associates have been slammed with fines worth Tk 24.6 million once again for manipulating share price of a single stock--Crystal Insurance.This is not the first time he has been found guilty of the offense. Mr Khayer and his family members have...

Time to mull 2nd reinsurer as public-pvt joint venture

Nestled behind sleek glass partitions on the fifth floor of Rangs Babylonia, the headquarters of Pioneer Insurance PLC, Syed Shahriyar Ahsan's office offers a commanding view of Tejgaon's chaotic skyline. From this vantage point, Dhaka presents a portrait of contrasts - glittering high-rises shoulder crumbling rooftops, while the Gulshan Link...

BTCCI, Ranong Chamber sign MoU to promote BD-Thailand trade

Bangladesh Thai Chamber of Commerce and Industry (BTCCI) signed a Memorandum of Understanding (MoU) with Ranong Chamber of Commerce of Thailand in Ranong, Thailand, recently to foster closer cooperation between the members of both associations. Shams Mahmud, President of BTCCI, and Jaruwan Kiatkaiboon, President of Ranong Chamber of Commerce, signed...

Committee formed to suggest names for Shariah advisory council

The securities commission has decided to form a new Shariah advisory council (SAC) for the capital market.As part of this initiative, a 10-member nomination committee has been formed to recommend potential members for the SAC. The committee has been instructed to submit a list of suitable candidates within 30 working...

UCB LAUNCHES COUNTRY'S FIRST OPEN API BANKING SERVICES

United Commercial Bank (UCB) has launched the first open API-based banking system in Bangladesh. With this initiative, the bank will be able to provide modern, convenient, and technology-driven services to a larger number of customers simultaneously. Globally-renowned tech company Oracle has introduced this service in only 25 countries. The announcement...

MTB FOUNDATION MARKS WORLD ENVIRONMENT DAY

MTB Foundation recently inaugurated a water access hub and sanitation facility to mark World Environment Day 2025, with this year's theme - 'Ending Plastic Pollution'. Under the project, 'Jol Torongo' for the vulnerable community of Char Alexander, Lakshmipur district, the water access hub is expected to modernise the community's access...

Foundation course for Janata Bank officers begins

A 25-day foundation training course for officers (Batch 5/2025) of Janata Bank PLC, organised by the bank's Staff College, commenced on Sunday. Managing Director of the bank Md Mazibur Rahman inaugurated the course as the chief guest. A total of 50 officers from the bank are participating in the training...

Union Bank holds 40th board meeting

The 40th board meeting of the newly-formed board of the directors of Union Bank PLC was held at its head office in the city on Monday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of Risk Management Committee Md Humayun Kabir, Independent Directors Dr Md Shahidul...

DCCI business team off to Sri Lanka

A 22-member business delegation of the Dhaka Chamber of Commerce and Industry (DCCI) left for Colombo, Sri Lanka on Monday to explore new business and investment opportunities, reports BSS.The four-day visit of this trade team, led by DCCI President Taskeen Ahmed, is aimed at expanding bilateral trade and investment between...

Mango business gains momentum in Naogaon

NAOGAON, June 16 (BSS): After the Eid holidays, mango trading gained momentum in different markets of the district with delicious varieties of seasonal fruit appearing in the markets.Mango markets are crowded in Naogaon, known as the commercial capital of mangoes, as the markets are spread over an area of about...

Nagad launches Father's Day campaign

Nagad, a mobile financial service provider of the Postal Department, has come up with a campaign titled "Hello Baba" on the occasion of Father's Day. To add extra joy to this Father's Day, Nagad offers exciting gifts for participants during the campaign period from June 15-June 21, says a statement....

China retail sales beat forecast despite trade war tensions

BEIJING, June 16 (AFP): Retail sales in China grew at a faster rate than expected last month, official data showed Monday, a positive sign for the world's second-largest economy during its grinding trade war with the United States.The key gauge of consumer demand grew 6.4 per cent year-on-year in May,...

FDI flows in 2023 into developing countries at lowest since 2005: WB

WASHINGTON, June 16 (Reuters): Foreign direct investment flows into developing economies dropped to $435 billion in 2023, the lowest since 2005, with just $336 billion flowing into advanced economies, the lowest since 1996, the World Bank reported on Monday.It said growing investment and trade barriers, fragmentation and macroeconomic and geopolitical...