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

Shipping Corporation gains 11pc profit surge on higher revenue, sale of ships

The Bangladesh Shipping Corporation (BSC) secured an 11 per cent year-on-year growth in profit to Tk 755 million in January-March this year, driven by higher revenue and capital gains from sale of fire-damaged lighter ships.Earnings per share rose to Tk 4.95 in the quarter to March from Tk 4.47 in...

Regulator to listen to retail investors on May 29

The stock market regulator will hold a meeting with representatives from retail investors on May 29 to listen to their complaints and grievances. Anisuzzaman Chowdhury, special assistant to the chief adviser, will preside over the meeting. Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood will also attend the...

Trump could make Europe's stockpickers great again

LONDON, May 21 (Reuters Breakingviews): Donald Trump could make Europe's stockpickers great again - or, at least, less bad. The US president's tariff war and a defence boom could see more money shift into European stocks and active funds. Groups like Schroders, DWS or Aberdeen, which faced years of competition...

Govt working to boost tea export after meeting local demand

Commerce Adviser Sk Bashir Uddin said on Wednesday that the government is working to enhance the export of tea after meeting the local demand, reports BSS.He also called upon all to highlight the tea industry both at local and international markets.The Commerce Adviser was addressing a function marking the 5th...

Mohammed Rashedul Amin promoted as Southeast Bank DMD

Mohammed Rashedul Amin has been promoted to the rank of deputy managing director (DMD) of Southeast Bank.Prior to this promotion, he was senior executive vice president and head of the Agrabad branch of Southeast Bank, according to a press release.He began his career with IFIC Bank in 1995 as an...

PUBALI BANK MOVES BRANCH, NAMING IT ISLAMIC BANKING CORPORATE BRANCH

Pubali Bank's Bangabandhu Avenue Corporate Branch has moved to a new location and started operations with the name Islamic Banking Corporate Branch, Paltan, Dhaka with a commitment to modern and large-scale Islamic banking services. Mohammad Ali, managing director and CEO of the bank, was present as chief guest. Md. Shahnewaz...

EBL DECLARES 35PC DIVIDEND AT 33RD AGM

EBL at its 33rd annual general meeting (AGM) declared a 35 per cent dividend for the year ended in December last year. The meeting, chaired by Md. Showkat Ali Chowdhury, chairman of the board of directors of EBL, was held virtually on Wednesday. The AGM was also attended by board...

Islami Bank to facilitate Universal Pension Scheme

Registration for the Universal Pension Scheme and monthly installment payments could be made through Islami Bank Bangladesh PLC. A memorandum of understanding (MoU) between Islami Bank and the National Pension Authority was signed in the conference room of the Finance Division of the Ministry of Finance recently. In presence of...

Karmasangsthan Bank opens 278th branch in Birganj

Karmasangsthan Bank opened its 278th branch in Birganj, Dinajpur, on Wednesday. Former Secretary and Chairman of the Board of Directors of Karmasangsthan Bank Dr AFM Matiur Rahman inaugurated the branch as the chief guest. Dinajpur Deputy Commissioner Md Rafiqul Islam was present as the special guest while Managing Director of...

Union Bank holds 9th Risk Management Committee Meeting

The 9th meeting of the newly formed Risk Management Committee of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Wednesday. Chairman of the Risk Management Committee Md. Humayun Kabir presided over the meeting. Member of the committee & Independent Director Dr. Md. Shahidul Islam Zahid...

UK inflation hits 15-month high as utility bills soar

LONDON, May 21 (AFP): Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday.The Consumer Prices Index soared to 3.5 per cent last month, up from 2.6 per cent in March, the Office for National Statistics said in...

Moody's downgrade ripples through bond market, causes worries for stocks

NEW YORK, May 21 (Reuters): Moody's US debt downgrade is raising concerns that investors could reevaluate their appetite for US government bonds, with the potential for rising yields to put pressure on stocks that are trading at elevated valuations.Moody's decision to downgrade the US debt rating by a notch late...