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

Lack of IPOs, regulatory hurdles weigh on market rally prospects: Experts

Market analysts have expressed skepticism over a recent forecast by CAL Bangladesh that the country's equity benchmark index could soar to 10,000 points within the next 18 to 24 months.Such target appears 'overly ambitious' without structural reforms of the capital market and fresh listings, they say. CAL Bangladesh, a joint-venture...

Global Islami Bank fails to utilise full IPO funds in time

Troubled lender Global Islami Bank could not fully utilise the proceeds from its initial public offering (IPO) within the stipulated timeframe and is now seeking an extension until November 2026 to complete the fund deployment.The fourth-generation Shariah-compliant bank raised Tk 4.25 billion from the capital market in November 2022 to...

Stocks extend losses for second day -

The country's stock markets extended losses for a second day on Wednesday as key indices and overall turnover declined both in Dhaka and Chattogram.The Dhaka Stock Exchange (DSE) opened higher but the momentum could not sustain as indices fell gradually throughout the session, reports UNB.At the end of the day's...

MIDLAND BANK LAUNCHES 'BLIND NOTCH TAKA PAY CARD'

Midland Bank PLC (MDB) launched the 'Blind Notch Taka Pay Card' for its customers at a simple ceremony held at its Head Office in Dhaka recently. Md. Ahsan-uz Zaman, Managing Director & CEO of the bank, formally introduced the Taka Pay Card. The Taka Pay Card is Bangladesh's own payment...

Mercantile Bank signs agreement with ShareTrip

Mercantile Bank PLC has signed an agreement with ShareTrip Limited at the bank's Head Office in the city recently. Dr. Md. Zahid Hossain, DMD & CBO of the bank, and Shibly Sadiq, Chief Sales Officer of ShareTrip, signed the agreement. As per the agreement, Mercantile Bank credit card holders will...

Prime Bank Partners with BANGLAMARK MotorTech

Prime Bank PLC has recently signed a strategic partnership agreement with BANGLAMARK MotorTech at the bank's corporate office in Dhaka, opening up a range of exclusive lifestyle privileges for its customers. Through this partnership, Prime Bank customers will enjoy attractive and tailored benefits from BANGLAMARK MotorTech, one of the country's...

SOUTHEAST BANK HOSTS LEAD BANK TRAINING PROGRAMME IN NARAYANGANJ

Under the guidance of Bangladesh Financial Intelligence Unit (BFIU), Southeast Bank, as the lead bank, arranged the Lead Bank Training Programme on 'Prevention of Money Laundering & Combating Financing of Terrorism' in Narayanganj recently. Md Mostakur Rahman, Director of BFIU, was present as the chief guest, while Mohammed Rashedul Amin,...

Muzakker appointed as Honorary Consul of Croatia

Kazi Shah Muzakker Ahmadul Hoque was appointed as the Honorary Consul of the Republic of Croatia to Bangladesh.On May 29, Croatian President Zoran Milanovic, officially conferred this responsibility on Mr Hoque, and on August 18, the Bangladesh government granted him the exequatur, formally recognising his appointment, said a press release...

AAAB hosts networking hub with GP CEO Yasir Azman

The Advertising Agencies Association of Bangladesh (AAAB) organised its networking hub with Grameenphone (GP) CEO Yasir Azman as the guest of honour at a Banani Club in the city recently. The event brought together leading figures from top advertising agencies and brands, who engaged in discussions on market dynamics, creative...

Rupali Investment holds 14th AGM

The 14th Annual General Meeting (AGM) of Rupali Investment Limited, a subsidiary of Rupali Bank PLC, was held at its head office in the city recently. Rupali Bank Managing Director and Chairman of Rupali Investment Limited Md Wahidul Islam presided over the meeting.

NITOL INSURANCE HOLDS 26TH ANNUAL GENERAL MEETING

The 26th Annual General Meeting of Nitol Insurance Company Limited was held on virtual platform on Tuesday. A K M Monirul Hoque, Chairman of the company, presided over the meeting. Vice-Chairman Zobair Humayun Khandaker, Director Naeema Hoque, Mahmudul Hoque Shamim, Nazme Ara Husain, Md. Murad Hossain, Independent Directors Md. Mamunur...

Shwapno launches self-checkout counters in retail grocery

Shwapno, the country's largest and most loved retail chain, has taken a pioneering step in transforming Bangladesh's shopping experience by launching the nation's first-ever self-checkout counters in grocery retail. This service was introduced at Gulshan-1 in the city on Wednesday, with plans for phased expansion across the country. Sabbir Hasan...

Syngenta Bangladesh unveils Synnovator

Syngenta Bangladesh has launched a Synnovator, the country's first private sector-led facility for Insect Resistance Management (IRM) to safeguard crops and food security, marking a milestone in agricultural research and innovation. Hedayet Ullah, Managing Director of Syngenta Bangladesh, was present on the occasion. Synnovator will help protect crops, strengthen farmer...

US-EU trade deal not far from ECB's baseline forecast

FRANKFURT, Aug 20 (Reuters/AFP): The trade deal between the US and the EU is close to the baseline assumed by the European Central Bank, but uncertainty persists in key sectors like pharmaceuticals and semiconductors, ECB President Christine Lagarde said on Wednesday.The EU accepted 15 per cent tariffs on most items...

Hong Kong exchange's profit jumps to record

Hong Kong's stock exchange operator said on Wednesday its first half profit rose almost 40 per cent to a record HK$8.52 billion ($1.09 billion), driven by a sharp increase in daily stock trading and a revived listings market, reports Reuters.The revenue of Hong Kong Exchanges and Clearing (HKEX) reached HK$14.1...