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

Stocks tumble with worrying signs of Iran-Israel conflict

Stocks tumbled on Tuesday in the face of huge selling pressure as investors were rattled by yet another global crisis -- Iran-Israel conflict that seems to last long to affect local businesses. Tension could drive up the cost of doing business, as the conflict between Iran and Israel entered its...

Cricket superstar Shakib sued for stock manipulation

The Anti-Corruption Commission (ACC) has filed a case against former cricket superstar Shakib Al Hasan and 14 of his associates over their alleged involvement in share price manipulation and money laundering.In a press release, the ACC said the cricket player had been found as one of the investors in a...

Brazil hosts 'Made in Bangladesh' Expo

In a significant move to strengthen bilateral trade relations and promote economic cooperation between South Asia and Latin America, the Brazil-Bangladesh Chamber of Commerce and Industry (BBCCI) launched the first-ever "Made in Bangladesh Expo" in São Paulo, the financial capital of Brazil, on Monday.Dr. Tauhidul Islam, Ambassador of Bangladesh to...

Commerce ministry asks agencies to submit project proposals for Japanese assistance

The Ministry of Commerce (MoC) has directed its affiliated agencies to submit project proposals for implementation with technical cooperation from the Japanese government.The ministry has also set June 30, 2025 as the deadline for submission of the project proposals, according to the ministry officials.The MoC has recently issued an official...

Push to reinstate VAT exemption on budget footwear

The Bangladesh Footwear Manufacturers' Association has urged the government to reinstate the 15 per cent value-added tax (VAT) exemption on low-cost rubber and plastic footwear priced at or below Tk 150, warning that the small-scale footwear industry is at risk of collapse due to the current tax policy.At a press...

ICSB gets new president

M Naseemul Hye has been elected President of the Institute of Chartered Secretaries of Bangladesh (ICSB) in its 109th Council Meeting held on Monday for the remaining period of the 2022-2025 term of the Council. Prior to this, he was the Senior Vice President of the Institute for the term...

Father's Day: bKash offers discounts, cashbacks

In celebration of Father's Day, bKash is offering discounts and cashbacks on medicine purchase, medical tests and health check-ups to encourage customers to care for their fathers' health. Customers can enjoy discounts and cashbacks when making payments through bKash at selected pharmacies, diagnostic centres, and hospitals. Additionally, they can get...

BANK ASIA HOLDS 26TH AGM

The 26th annual general meeting (AGM) of Bank Asia was held virtually on Tuesday. Mr. Romo Rouf Chowdhury, chairman of the bank, presided over the meeting. Shareholders of Bank Asia approved 20 per cent dividend (10 per cent cash and 10 per cent stock) for the year 2024. Ms. Zakia...

MTB MARKS ENVIRONMENT DAY WITH ENERGY AWARENESS WEEK, WORKSHOP

Mutual Trust Bank (MTB) launched its World Environment Day 2025 celebration with a workshop on "Renewable Energy in Bangladesh: Policy Framework, Technological Innovation & Financing Opportunities." Syed Mahbubur Rahman, managing director & CEO of MTB, inaugurated the event, emphasising the critical role of financial institutions in tackling climate change. Senior...

Trust Bank holds 700th meeting of Executive Committee of Board of Directors

The 700th meeting of the Executive Committee of the Board of Directors of Trust Bank PLC was held at the bank's head office in Dhaka on Tuesday. The meeting was presided over by EC Chairman Major General Md Masudur Rahman, Adjutant General, Bangladesh Army & Vice Chairman, Trust Bank PLC....

Correction 2025-06-18

We mistakenly published Abul Khair Group's logo in a news item in Tuesday's paper of The Financial Express (FE) on page 9 with the title "Abul Khayer, associates fined again over unlawful trading in Crystal Insurance". We would like to clarify that "Abul Khair Group" has no affiliation or involvement...

Emerging market local currency debt could end decade-long drought as dollar wanes

LONDON, June 17 (Reuters): A weakening US dollar is lifting a long-neglected asset class - emerging market local currency debt - after a more than decade-long drought.Emerging market local-currency bond funds saw a new record of inflows in the week to Wednesday, according to EPFR data, notching eight straight weeks...

Stocks dip, oil rallies as Middle East tensions keep investors on edge

LONDON, June 17 (Reuters): Stocks fell, while oil and gold rose on Tuesday, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions.US President Donald Trump urged everyone to evacuate...

G7 leaders urge Trump to ease off trade war

KANANASKIS, Canada, June 17 (AFP): World leaders at the Group of Seven summit in Canada on Monday tried to push US President Donald Trump to back away from his punishing trade war that poses a risk to global economic stability.At a summit where host Canada hopes to avoid stoking Trump's...