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

Brokers' alliance demands task force to undo wrongs by previous regime

The DSE Brokers Association (DBA) of Bangladesh demanded a special task force to overhaul the country's moribund capital market.The primary and secondary market does not have the capacity to attract people's savings and transform them into investments. The Dhaka Stock Exchange (DSE) has been operating for almost seven decades and...

Standard, Exim banks to raise Tk 6b through bonds

Standard Bank and Exim Bank have received Bangladesh Bank's approval to raise Tk 6 billion in total by issuing subordinated bonds for strengthening their Tier-II capital base under Basel-III norms.The central bank has given no objection certificate (NOC) to Standard Bank's coupon bearing non-convertible fully redeemable unsecured 4th mudaraba subordinated...

Govt considers issuing bonds to settle BPDB’s debt to private power plants

The interim government is considering the issuance of additional bonds to address the Bangladesh Power Development Board's (BPDB) mounting unpaid dues to private power producers. This move aims to ease the financial strain on independent power producers (IPPs) and stabilize the country's power sector, reports UNB.According to official sources, the...

Walton rolls out new ecOzone AC

The country's leading air-conditioner brand 'Walton' has launched the world's most environment-friendly models of ecOzone series AC. These new model ACs uses R290 gas which is a class A3 natural hydrocarbon refrigerant with a low environmental impact. In Bangladesh, only Walton manufactures and markets R290 refrigerant-enriched ACs. Walton's ecOzone ACs...

BRAC Bank supports oxygen plant at Kidney Foundation Sylhet

BRAC Bank has contributed to the establishment of an oxygen plant at the new premises of Kidney Foundation Sylhet, reinforcing its commitment to the healthcare sector, says a statement. This initiative complements the bank's unique and inclusive health initiative, "BRAC Bank Aporajeyo Ami", which aims to improve access to essential...

ICB HOLDS MEETING WITH STAKEHOLDERS

A meeting with the participation of the stakeholders of the Investment Corporation of Bangladesh, (ICB) Chittagong was recently held at the bank's regional branch in Agrabad, Chittagong. ICB Chairman Professor Abu Ahmed attended the meeting as chief guest on Sunday. Deputy General Manager Lutful Quader presided over the meeting. The...

MTB FOUNDATION ORGANISES EYE CARE CAMP

MTB Foundation, in partnership with Ispahani Islamia Eye Institute and Hospital, organised a 'Community Health Partnership, Predominantly Eye Health' programme at Akhrabari, Patuakhali, Barisal. The programme was attended by MTB's Chief Executive Officer Samia Chowdhury and Associate Golam Rabbani. A large number of underprivileged people were given basic healthcare facilities,...

Uttara Bank opens Muktagacha Sub-branch

Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC, inaugurated the 40th Sub-branch of the bank at Muktagacha, Mymensingh, on Thursday. Md. Mahbubur Rahman, General Manager (BCCSD), and Md. Mostafizur Rahman, Deputy General Manager & Zonal Head (Mymensingh Zone) of the bank, were also present.

Credit Agricole CIB chooses carbon trading over gold

LONDON, Sept 17 (Reuters): France's second largest listed bank Credit Agricole has decided to replace precious metals with trading in the regulated carbon markets starting from 2025, three sources with knowledge of the matter told Reuters.The move signals the increasing attraction of the world's most valuable carbon market - the...

Indonesia's trade surplus beats forecast in August

JAKARTA, Sept 17 (Reuters): Indonesia's trade surplus rose to a three-month high in August, topping forecasts, as exports grew much faster than expected, official data showed on Tuesday.The August trade data is among economic indicators the central bank will analyse during its two-day policy meeting starting on Tuesday. Economists polled...

Most Asian markets up ahead of Fed but Tokyo hit by strong yen

HONG KONG, Sept 17 (AFP): Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.Bets on the Federal Reserve slashing borrowing costs...

China tells Italy: EU electric vehicle probe affecting investor confidence

BEIJING, Sept 17 (Reuters): Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies' confidence in investing in Italy, as a regional vote on additional tariffs looms.Cooperation between the Chinese and Italian automobile sectors has a "solid" foundation and...

Apple shares slip as shorter iPhone 16 shipping times signal soft demand

Shares of Apple fell nearly 3 per cent on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features, reports Reuters.Apple last week unveiled its long-awaited iPhone 16 series designed around its...