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

30 months on, no meaningful action to compensate UFS scam victims

Scam-hit asset management company (AMC) Universal Financial Solutions (UFS) has not yet paid a single penny back out of the Tk 2.07 billion siphoned off from its clients' funds about 30 months back. As the fund embezzlement made headlines, the High Court on its own initiative ordered the accused, including...

Exchange rate volatility unlikely under free-floating regime

The chance of any form of volatility in the exchange rate under the persisting free-floating regime is very thin because of the lower demand for foreign exchange, Country Manager of Mastercard Syed Mohammad Kamal said.In an exclusive interview with The Financial Express (FE) recently, he expressed his thanks to Bangladesh...

Bangladesh to export 4,000-tonne mangoes

Bangladesh aims to export 4,000 tonnes of mangoes in the next three months while 600 tonnes of the volume reached 25 countries by now, officials said on Wednesday, reports BSS."We are expecting to export 4,000 tonnes of mangoes within next three months. By now we exported 600 tonnes to 25...

New master plan for port city to be finalised by next June

CHATTOGRAM, June 18: The new master plan for the port city of Chattogram will be finalised by June next year while the draft plan has already been completed by the Chattogram Development Authority (CDA). CDA official sources said the draft of the 'Chattogram Metropolitan Master Plan', which will focus on...

Walton Digi-Tech gets Global Brand Award

Walton Digi-Tech Industries Limited has achieved a new milestone of international recognition in the technology and electronics sector of Bangladesh. The company has won the 'Global Brand Award' in 2025 from the UK-based publication 'Global Brands Magazine'. Walton Digi-Tech received this honour in the 'Most Trusted IT & Electronics Manufacturer'...

Global Brand launches IdeaPad Slim 3i

Global Brand PLC, authorised distributor of Lenovo, has rolled out IdeaPad Slim 3i, a laptop that is both powerful and lightweight.Equipped with the robust 13th Gen Intel Core i7-13620H processor (up to 4.9 GHz), 16GB DDR5 RAM, and 512GB SSD, this device is perfect for multitasking and high-performance tasks, says...

MTB RECOGNISED FOR FINANCIAL INCLUSION CONTRIBUTION

Mutual Trust Bank (MTB) received a Letter of Appreciation from Dr. Md. Habibur Rahman, deputy governor of Bangladesh Bank (BB), for its active contribution to the session titled "Experience Sharing and Showcasing the Impact of Financial Inclusion for WMSMEs." The session was part of the "BB-AFI Joint Learning Program" organised...

PUBALI BANK HOLDS 42ND AGM

Pubali Bank held its 42nd annual general meeting (AGM) through virtual platform on Wednesday. Pubali Bank board Chairman Mr. Monzurur Rahman presided over the meeting. Managing Director & CEO Mr. Mohammad Ali was present among others.

UCB, OMNICARE PARTNER TO DELIVER HEALTHCARE BENEFITS

United Commercial Bank (UCB) signed a memorandum of understanding (MoU) with Omnicare Diagnostics Limited. This strategic partnership will provide exclusive healthcare benefits to all UCB debit, credit, and prepaid cardholders, enhancing access to quality diagnostic services.

Islami Bank holds board meeting :

A meeting of the board of directors of Islami Bank Bangladesh PLC was held at the Islami Bank Tower in Dhaka on Wednesday. Obayed Ullah Al Masud, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman of the executive committee, Md. Abdus Salam, chairman of the audit...

BADC holds seminar on water-saving irrigation techNOLOGY

A seminar on "Water-Saving Irrigation Technology and Safe Production of Vegetables, Fruits and Flowers through Poly Shade Construction Project", "Irrigation Development Project using Surface Water in Chattogram and Cox's Bazar districts," and the "Irrigation Development Project in Barishal, Bhola, Jhalokathi and Pirojpur Districts" implemented by the Bangladesh Agricultural Development Corporation...

China central bank chief warns against unilateralism in currency policy

SHANGHAI, June 18 (AFP): China's central bank boss on Wednesday warned that the global monetary system could be "weaponised" and politicised by dominant countries, as the country navigates an uneasy trade truce with the United States.The superpowers said this month they had made progress on points of contention including Beijing's...

Japan records trade deficit as exports suffer from Trump's tariffs

TOKYO, June 18 (AP): Japan experienced a drop in exports in May, largely driven by a nearly 25 per cent year-on-year fall in automobile shipments to the United States due to increased tariffs imposed by President Donald Trump. According to a report from the Finance Ministry on Wednesday, overall exports...

Indian refiners cancel palm oil orders

MUMBAI, June 18 (Reuters): Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade sources told Reuters.Refiners in the world's largest palm oil importer cancelled the orders in the past...