Stocks rebound as margin rule easing hopes lift sentiment
The stock market rebounded sharply on Tuesday as optimism over possible changes to the margin lending rules drew investors back to equities after a recent bout of profit-taking.Market analysts said optimism that the Bangladesh Securities and Exchange Commission (BSEC) would adopt investor-friendly revisions to the draft margin financing rules revived...
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UAE firm eyes $2b investment in BD
A United Arab Emirates-based investment company has expressed interest in investing more than $2.0 billion in Bangladesh's priority sectors, signalling renewed foreign investor interest in the country's infrastructure and capital market.Abu Dhabi-based Equiline Finance signed a memorandum of understanding (MoU) with Prime Bank Investment on Monday to jointly explore investment...
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Foreign, textile ministries move to boost jute exports
The government has launched a joint initiative to revitalise Bangladesh's jute sector through stronger economic diplomacy, export promotion and market diversification, announcing the formation of a Joint Working Group (JWG), and plans to organise an international jute expo.The decisions came at a coordination meeting titled 'Strategic Economic Diplomacy and Export...
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Prime Bank wins Euromoney Award_
Prime Bank PLC has been named 'Best Bank for ESG in Bangladesh' at the prestigious Euromoney Awards for Excellence 2026, marking the fourth consecutive year the Bank has received this distinguished recognition.The consecutive achievement reaffirms Prime Bank's leadership in responsible banking and reflects its sustained commitment to integrating environmental, social...
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Southeast Bank's profit surges 64pc in H1 on higher investment income, lower provisioning
Southeast Bank's half-yearly profit surged nearly 64 per cent year-on-year to Tk 2.19 billion during January-June 2026, supported by strong investment income and reduced provisioning against loans.The second-generation commercial bank reported consolidated earnings per share (EPS) of Tk 1.64 for the first half of the year, compared with Tk 1.00...
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MODHUMOTI BANK SIGNS AGREEMENT WITH PKSF
Modhumoti Bank PLC has signed an agreement with Palli Karma-Sahayak Foundation (PKSF) to avail credit guarantee services under the Credit Enhancement Scheme (CES). Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank, and Md. Hasan Khaled, Deputy Managing Director of PKSF, signed the agreement in presence of Md. Fazlul...
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METRO MART OPENS NEW OUTLET IN CITY
A new outlet of Metro Mart, one of Bangladesh's leading superstore chains and a concern of Akij Venture Group, has been inaugurated at Katasur, Mohammadpur, in Dhaka. Syed Joynul Abedin, Chief Executive Officer of Akij Venture Limited, inaugurated the outlet on Sunday. Senior officials from Metro Mart were present at...
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Coca-Cola appoints JPMorgan, Citi for India bottler IPO
MUMBAI, July 21 (Reuters): Coca-Cola has appointed JPMorgan and Citi as bankers for a planned 2027 initial public offering of one of its majority-owned bottling partners in India, a critical growth market, two sources with direct knowledge of the matter told Reuters.The beverage giant said in June it was preparing...
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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
NEW YORK, July 21 (Reuters): Samsung Electronics on Monday launched its first US co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans to broaden its offerings in the future.The Samsung Galaxy Card, issued by Barclays and running on Visa's network,...
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