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

Investor interest in blue-chip stocks lifts turnover to 10-month peak

The Dhaka Stock Exchange witnessed this year's highest turnover on Monday, surpassing Tk 8.5 billion after 10 months, as buoyant investors put fresh bets on selective blue-chip stocks.Turnover, a crucial indicator of the market, stood at Tk 8.61 billion on the country's premier bourse, climbing further by 11 per cent...

HALF-YEARLY BUSINESS CONFERENCE OF EASTLAND INSURANCE HELD

The Half-Yearly Business Conference-2025 of Eastland Insurance was held on Sunday at DCCI Auditorium, Motijheel, Dhaka. Company Chairman Mahbubur Rahman presided over the conference. Vice Chairman Rizwan-ur Rahman and board members Kamal Uddin Ahmed and ASM Quasem attended the conference and delivered their speeches. Chief Executive Officer Mohammed Salim attended...

Rupali Bank's profit slashed by 83pc on negative interest income

Rupali Bank's profit plunged 83 per cent year-on-year to Tk 34.16 million in the second quarter through June this year as operating income declined sharply.The lone listed state-run lender's consolidated earnings per share stood at Tk 0.07 for April-June, reduced from Tk 0.42 (restated) for the same quarter a year...

Iqbal Hossain joins Sonali Bank as DMD

Khan Iqbal Hossain has joined the state-owned Sonali Bank PLC as Deputy Managing Director (DMD) recently, says a press statement.Prior to his joining, Mr Hossain served as Deputy Managing Director of Bangladesh Krishi Bank and Rupali Bank PLC. He was posted to Sonali Bank through a circular of Financial Institutions...

IPDC Finance named ‘Top Sustainable Finance Company’

IPDC Finance PLC has been recognised as the Top Sustainable Finance Company in the Bangladesh Bank Sustainability Rating 2024, reaffirming its position as a pioneer in promoting sustainable, ethical, and responsible finance in Bangladesh's financial sector.This recognition not only marks another milestone in IPDC's journey but also reflects its unwavering...

MERCANTILE BANK LAUNCHES 'MALKHANAGAR BRANCH'

Mercantile Bank inaugurated its Malkhanagar branch in Shirajdikhan, Munshiganj on Monday to provide easy and tech-savvy banking services to customers. Executive Committee Chairman M A Khan Belal inaugurated the branch as the chief guest. Managing Director Mati Ul Hasan delivered the welcome address at the event. DMD Shamim Ahmed was...

BANK ASIA, RADISSON BLU CTG OFFER EXCLUSIVE PRIVILEGES

Bank Asia on Sunday partnered with Radisson Blu Chattogram Bay View to offer exclusive privileges, including a "Buy 1 Get 1 Free Room Night Stay" at the hotel for the bank's credit cardholders. In addition to complimentary breakfast, guests can enjoy a 15 per cent discount on buffet dinner and...

BRAC BANK HOSTS ANTI-MONEY LAUNDERING CONFERENCE

BRAC Bank organised an Anti-Money Laundering (AML) conference on the theme of 'Contemporary Risks & Challenges' recently. The conference is part of the bank's ongoing initiatives to keep its colleagues informed and up-to-date with the latest regulations and best practices of anti-money laundering and combating the financing of terrorism (CFT)....

SHAHJALAL ISLAMI BANK HOSTS WORKSHOP ON AML/CFT COMPLIANCE

Anti-Money Laundering Division of Shahjalal Islami Bank PLC organised a daylong workshop on 'AML/CFT Compliance for BAMLCOs & Officials of Khulna & Barishal Zone including Faridpur District' at a local hotel in Jashore recently. Hafizur Rahman, Deputy Director, Bangladesh Financial Intelligence Unit, was present as the key speaker. Mustafa Husain,...

EU to ramp up retaliation plans as US tariff deal prospects dim

BRUSSELS, July 21 (Reuters): The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.An increasing number of EU members, including Germany, are now considering using wide-ranging "anti-coercion" measures which would let...

Asia's LNG imports stay soft in July as Europe draws cargoes

LAUNCESTON, Australia, July 21 (Reuters): Asia's run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny increase from June.Asia's imports of the super-chilled fuel are estimated at 22.07 million metric tons in July,...

Malaysia boosts coal power output

SINGAPORE/KUALA LUMPUR, July 21 (Reuters): Malaysia is boosting coal-fired power output and importing the fuel at record levels, a Reuters analysis of data showed, taking advantage of low prices even as it pledges to increase use of gas-fuelled electricity generation in the longer term.The Southeast Asian nation is the fifth-largest...