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

Brokers push Dhaka bourse to widen free trading limit amid turnover surge

The Dhaka Stock Exchange is facing pressure from brokers to raise the free trading limit, but is carefully weighing the associated risks before reaching a decision. TREC (Trading Right Entitlement Certificate) holders operating under the premier bourse want the free limit widened so that they can continue doing business without...

DSE falls as profit-taking offsets blue-chip gains

The prime index of the Dhaka Stock Exchange (DSE) slipped into the red on Sunday, snapping a two-session winning streak, as investors booked profits in recently appreciated stocks.Market analysts said profit-taking pressure emerged across several sectors, particularly insurance, non-bank financial institutions (NBFIs), power and banking stocks, following their recent gains....

Japan to target $2.3 trillion public-private investment by 2040

TOKYO, June 20 (Reuters): Japan plans to set a target of about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors as part of Prime Minister Sanae Takaichi's new growth strategy, the Nikkei reported on Friday.The 370 trillion yen investment initiative, to be unveiled as...

AB Bank elects Md Fazlur Rahman as chairman

AB Bank elected Md. Fazlur Rahman as the chairman of its board of directors, effective from June 18, according to a press statement.Before assuming his role, Rahman served as the vice chairman of the bank. He joined AB Bank as vice president in 1997 and later served as its president...

PRIME BANK SIGNS DEAL WITH GRAND SYLHET HOTEL & RESORT

Prime Bank has recently signed an agreement with Grand Sylhet Hotel & Resort to offer exclusive lifestyle privileges to Neera customers. Under this agreement, Prime Bank Neera customers will enjoy exclusive discounts at the resort. The agreement was signed by Shaila Abedin, SEVP & head of liability and wealth management...

BANK ASIA RECEIVES BB RECOGNITION FOR POST-COVID EMPLOYMENT RECOVERY

Bank Asia has been awarded a Certificate of Recognition of Excellence by Bangladesh Bank (BB) in acknowledgment of its outstanding contribution and steadfast commitment to the successful implementation of the Supporting Post-COVID-19 Small-Scale Employment Creation Project, financed by the Asian Development Bank and implemented by BB.

EBL HONOURS WOMEN ENTREPRENEURS FOR REPAYMENT PERFORMANCE

Eastern Bank (EBL) recently hosted a reception at its head office in Dhaka to honour women entrepreneurs who received incentives from Bangladesh Bank for their outstanding loan repayment performance under the Small Enterprise Refinance Scheme for Women Entrepreneurs. The entrepreneurs are seen with senior EBL officials, including Mohammad Salekeen Ibrahim,...

WOMEN EMPOWERMENT BANGLADESHI CANADIAN ORGANISATION LAUNCHED

The Women Empowerment Bangladeshi Canadian Organisation (WEBCO) was officially launched on Saturday at a ceremony attended by professional women, newcomers, entrepreneurs and business owners. WEBCO Founder and President Taniza Reza delivered the welcome address. Toronto City Council candidate, Natalia Jonson, joined the launching ceremony. The cultural segment featured musical performances...

TAKAFUL ISLAMI INSURANCE 151st BOARD MEETING HELD

The 151st meeting of the Board of Directors of Takaful Islami Insurance PLC was held at Dhanmondi in Dhaka on Saturday. Chairman of the company Tahmina Afroz presided over the meeting attended by Board members and Chief Executive Officer Abul Kalam Azad. Besides, Addl. Managing Director Mohammad Selim, CFO Mohammad...

SONALI BANK LAUNCHES LIVE VERIFICATION SERVICES FOR PENSIONERS

Sonali Bank PLC has launched biometric registration and live verification services for pensioners through the integration of its biometric system with the Sonali e-Sheba app. Managing Director and CEO Md. Shawkat Ali Khan inaugurated the live verification service at the bank's head office on Sunday. Later, a workshop on this...

SIBL HOLDS BUSINESS REVIEW MEETING IN MYMENSINGH

Social Islami Bank PLC (SIBL), operating under Sammilito Islami Bank PLC, held a Business Review Meeting at the Bangladesh Bank Mymensingh Office with participation from nine branches of the Mymensingh Region on Saturday. The meeting was attended by the bank's Associate Administrators, Asadul Mustafa, Hammada Abdul Ati and Dr. Mohammad...

ICSB TRAINING ON 'MASTERY OF STATUTORY REPORTING & RJSC E-FILING'

The Institute of Chartered Secretaries of Bangladesh (ICSB) conducted a training on 'Mastery of Statutory Reporting & RJSC E-Filing' on the ICSB premises in Dhaka on Saturday, aiming to enhance the knowledge and skills of its members, students and corporate officials and other professionals. Md. Shabbirul Alam Chowdhury, Secretary &...

China's rare earths curbs extend pressure on supply to Japan

SINGAPORE, June 21 (Reuters): China's exports to Japan of several rare earths used for powerful magnets were negligible in May, data showed on Saturday, extending a months-long supply squeeze caused by a diplomatic dispute with Beijing over Taiwan.Japan's rare earth magnet makers are the world's biggest outside China but like...