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

Renata to offer preference shares to investors, fully convertible into equity

Renata has decided to revise the terms for issuing preference shares worth Tk 3.25 billion to reduce its finance cost burden by paying off short-term bank loans.Previously, the features of the proposed preference shares were non-cumulative, non-participative, redeemable or fully convertible. So, the conversion of preference shares into ordinary shares...

Coordination committee for developing market into long-term fund source

The central bank governor and the chief of the securities commission have come to a consensus to form a coordination committee to work on developing the capital market into a source of long-term financing. Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Khondoker Rashed Maqsood met Bangladesh Bank Governor...

Capital flight and bad assets stem from policy failures, not poor auditing: ICAB

The Institute of Chartered Accountants of Bangladesh (ICAB) Thursday refuted the allegation that auditors are to blame for the country's capital flight, calling it misleading and unfounded. The professional body affirmed that the outflow of funds from the country and rise in non-performing assets in the country's banking system are...

Experts urge sevenfold hike in climate adaptation budget

Climate change experts and economists highlight a strong link between climate vulnerability and poverty, stressing that poverty eradication and climate action must go hand in hand for meaningful progress in Bangladesh.They also termed the current climate change adaptation spending-around 6.0 to 7.0 per cent of the national budget-negligible, recommending a...

RYZE campaign winners join Rainforest World Music Festival in Malaysia

Six young Bangladeshis are set to embark on a journey to Malaysia's Rainforest World Music Festival, thanks to RYZE, the country's first AI-powered digital lifestyle brand. They earned their spot at the festival through a nationwide music-themed trivia contest hosted exclusively on the RYZE app from May 23 to May...

BD, Nepal seek stronger tourism ties through Bay-Himalaya link

Nepalese Ambassador to Bangladesh Ghanshyam Bhandari has emphasised the vital role tourism and people-to-people connections play in Bangladesh-Nepal relations, reports UNB.He shed light on the growing ties between the two countries and called for greater efforts to ‘truly connect the heights of the Himalayas with the depths of the Bay...

Investors see quick stock market drop if US joins Israel-Iran conflict

Financial markets may be in for a "knee-jerk" selloff if the US military attacks Iran, with economists warning that a dramatic rise in oil prices could damage a global economy already strained by President Donald Trump's tariffs, reports Reuters.Oil prices fell nearly 2 per cent on Wednesday as investors weighed...

SOUTHEAST BANK ORGANISES AWARENESS PROGRAMME ON ANTI-MONEY LAUNDERING REGULATIONS

Southeast Bank recently organised an awareness programme on the "Regulatory Framework for Prevention of Money Laundering and Terrorist Financing" at the bank's training institute in the capital. The programme was aimed at developing professional knowledge and ensuring strict compliance with anti-money laundering regulations. Mr. Mohammed Rashedul Amin, deputy managing director...

MTB INSPIRES ENVIRONMENTAL AWARENESS AMONG KIDS

Mutual Trust Bank (MTB), in collaboration with Footsteps Bangladesh, launched a heartwarming initiative titled "Adopt a Plant" as part of its weeklong World Environment Day 2025 celebration. Held on June 2 at Kazifori Government Primary School and 21 No. Pallabi Government Primary School in Dhaka, the programme engaged over 1,000...

NRBC BANK BOARD MEETING HELD

The 204th meeting of the Board of Directors of NRBC Bank was held at the bank's head office on Wednesday. Md. Ali Hossain Prodhania, Chairman of the bank, presided over the meeting. Independent Directors Md Abul Bashar and Md Anwar Hossain, Chairman of the Risk Management Committee Md Nurul Haque,...

Shahjalal Islami Bank holds 898th EC meeting

The 898th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, the Chairman of Executive Committee (EC). The members of the committee discussed various issues...

PRAGATI INSURANCE HOLDS 39TH ANNUAL GENERAL MEETING

Pragati Insurance Ltd. held its 39th Annual General Meeting on a digital platform on Thursday. Syed M. Altaf Hussain, Chairman of the company, presided over the AGM. Directors Khalilur Rahman, Mohammed Abdul Awwal, Md. Syedur Rahman, Md. Mushfiqur Rahman, Mohammed Abdul Malek, Nasir Latif, Nigar Jahan Chowdhury, NahreenYeahea, Syed Muhammad...

Global IPO activity slumps in 2025 as tariffs, volatility weigh

Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from US tariffs, elevated market volatility and higher interest rates that have raised funding costs and made listings less appealing for issuers, reports Reuters.According to LSEG data, as of June 17, global IPO volume has declined about...

Google faces setback in EU android antitrust appeal

LONDON, June 19 (AP): Google faced a big setback Thursday in its attempt to overturn a multibillion-dollar European Union antitrust penalty involving Android after a top court's legal adviser sided with regulators.The European Court of Justice's advocate general, Juliane Kokott, recommended in a preliminary opinion that Google's appeal against the...

Global uncertainty puts big central banks in a tight spot

LONDON, June 19 (Reuters): Central banks are grappling with elevated uncertainty about economic growth and inflation, complicating decision-making, especially for those trying to calibrate policy as they near the end of their rate-cutting cycles.That's making life hard for investors too. Norway's central bank on Thursday gave markets a shock by...