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

Mutual Fund investors face another dry year amid market slump

Mutual fund investors are in a tight spot yet again as most closed-end mutual funds failed to declare dividends for the financial year that ended in June 2025 due to depressed market conditions and higher provisioning against unrealised losses.Fund managers pointed to a number of adverse factors, including price erosion...

MTB named 'Best Bank for Diversity and Inclusion'

Mutual Trust Bank PLC (MTB) has been named 'Bangladesh's Best Bank for Diversity and Inclusion' by Euromoney for a fourth consecutive year, reaffirming its holistic and forward-thinking approach to building a more equitable workplace and community.In 2024, MTB launched the Shreya platform, supporting over 800 female employees through career development,...

Stocks gain for second day -

Stocks extended its gaining streak for a second consecutive session on Sunday, buoyed by a rebound in investor sentiment.Investors renewed their buying appetite, especially for banking and textile stocks, amid optimism ahead of the earnings season, market analysts said. The market began on a highly positive note and the momentum...

Rising rice prices push food inflation higher in BD

Rice prices in Bangladesh continue to exert significant pressure on food inflation as well as overall inflation, according to the latest economic update by the General Economics Division (GED) of the Planning Commission of the Planning Ministry, reports UNB.The contribution of rice to food inflation rose sharply from 40 per...

Anwar Landmark hands over 'Lake Serene'

For months, families would stroll past the quiet curve of Dhanmondi Lake, watching Lake Serene rise floor by floor -- each visit a mix of curiosity, hope, and anticipation. On Saturday, those hopes turned into house keys as Anwar Landmark officially handed over the project, marking the start of a...

BANK ASIA RECOGNISES TOP PERFORMERS OF SILVER JUBILEE SALES CAMPAIGN

Bank Asia PLC honoured its employees for their exceptional achievements in the Silver Jubilee Sales Campaign at an award ceremony held at the Bank Asia Tower in Dhaka recently. The campaign was designed to boost retail CASA deposits, onboard new retail customers, and enhance credit card sales and activations. A...

MERCANTILE BANK SIGNS AGREEMENT WITH IFAD MOTORS

Mercantile Bank PLC has signed an agreement with IFAD Motors Ltd at the bank's Head Office in Dhaka on Sunday. Dr. Md. Zahid Hossain, DMD & CBO of the bank, and Muidur Rahman Tanvir, Head of Business of IFAD Motors, signed the agreement whereby Mercantile Bank credit card holders will...

BRAC BANK DISTRIBUTES INSTANT LOANS TO MARGINAL FARMERS

BRAC Bank has extended instant loan facilities to marginal farmers in Nilphamari under the refinancing scheme for Tk 10/50/100 account holders, managed by the Financial Inclusion Department (FID) of Bangladesh Bank. Organised with Rajshahi Krishi Unnayan Bank (RAKUB) as the lead bank, the event was held in Nilphamari, bringing together...

SHAHJALAL ISLAMI BANK HOLDS 901ST EC MEETING

The 901st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee. The members of the Committee discussed various issues related to...

Takaful Ins holds 25th AGM

The 25th Annual General Meeting (AGM) of Takaful Islami Insurance PLC was held on a digital platform on Saturday. Chairman of the company Tahmina Afroz presided over the meeting. The AGM unanimously approved a 10 per cent cash dividend for the year 2024. Takaful Islami Insurance Vice Chairman Emdadul Haque...

Oman's bank credit expands 8.4pc as listed firms post 14pc profit rise

RIYADH, Aug 17 (Arab News): Oman's banking sector continued its steady expansion in the first half of 2025, with total credit rising 8.4 per cent year on year to 34.1 billion Omani rials ($88.7 billion), official data showed.According to the monthly statistical bulletin of the Central Bank of Oman, private...

Modi's tax overhaul to strain finances

NEW DELHI, Aug 17 (Reuters): Indian Prime Minister Narendra Modi's deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.In the biggest tax overhaul since 2017, Modi's...