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

BEXIMCO bondholders panic as interest payments stall

BEXIMCO Zero Coupon Bond holders have started panicking over the future of their investments, as the issuer missed this month's due date for interest payment and investors have yet to receive the money.The trustee of the debt instrument, Sandhani Life Insurance Company, has already written to the issuer, BEXIMCO, seeking...

Public assets to be securitised to unlock capital via bonds: BB Chief

The Bangladesh Bank and the capital market regulator have jointly prepared a comprehensive roadmap to expand the country's bond market.They proposed setting up a dedicated department under the Ministry of Finance to oversee the securitization of existing government infrastructure and raise financing.The regulatory authorities also suggested strengthening the Pension Regulatory...

NBR revenue collection falls short of August target

The National Board of Revenue (NBR) missed its revenue collection target for August, the second month of the current fiscal year, continuing the shortfall trend seen in July, reports UNB.According to NBR data, the authority collected Tk 271.74 billion in August against the target of Tk 308.89 billion, falling short...

US-Bangla holds ‘Partner Retreat Maldives’

US-Bangla Airlines organised a three-day 'Partner Retreat Maldives-2025' event at Sai Lagoon and Hard Rock on Crossroads Island in the Maldives, with the participation of more than 300 travel agents from Bangladesh from September 19 to 21, reports UNB.The airlines arranged the gathering for travel agents from all over the...

MUTUAL TRUST BANK INKS DEAL WITH SHARETRIP LIMITED

Mutual Trust Bank (MTB) and ShareTrip Limited have entered into a partnership to bring a wider range of innovative digital services to MTB customers. Under this agreement, signed on September 17, MTB customers will gain access to convenient digital payment solutions, remittance support, co-branded wallet cards, and comprehensive travel assistance....

PUBALI BANK OPENS TONGI INDUSTRIAL AREA SUB-BRANCH

Pubali Bank inaugurated its Tongi industrial area sub-branch on Monday to provide modern banking services. Pubali Bank Director Mr Azizur Rahman inaugurated the branch as chief guest. Managing Director & CEO Mohammad Ali was present as special guest. The bank's Gazipur Region RM and Deputy General Manager Mr Mohammad Arifur...

MERCANTILE BANK SIGNS AGREEMENT WITH BHBFC

Mercantile Bank signed a customer service agreement with Bangladesh House Building Finance Corporation (BHBFC) at the bank's head office on Sunday. DMD Md. Zakir Hossain of the bank and BHBFC Deputy General Manager & Project Director Mohammed Nazrul Islam signed the agreement. The bank's Managing Director Mati Ul Hasan and...

Jamuna Bank holds School Banking Conference

Jamuna Bank PLC has recently organised School Banking Conference-2025 for the students of Kadba Talagram Taribi Charan Laha High School at its auditorium in Barura Upazila of Cumilla as part of its financial literacy programme. Iqbal Mohsin, Director of the Financial Inclusion Department of Bangladesh Bank, was present as the...

Indian IT stocks slide on US visa crackdown

Indian information technology majors saw their shares slump on Monday after US President Donald Trump imposed a $100,000 fee on new H-1B visa applications, threatening to inflate costs and slow revenue growth in their biggest market, reports Reuters.The sector, which earns about 57 per cent of its revenue from the...

JMI GROUP CELEBRATES WORLD PEACE DAY 2025

JMI Group, one of the leading companies in the pharmaceutical and medical equipment manufacturing sector of the country, celebrated 'World Peace Day-2025' on Sunday. On the occasion, Founder and Managing Director of JMI Group Md. Abdur Razzaq inaugurated a peace rally by releasing balloons and white doves, symbols of peace,...

PREMIER BANK HOLDS 315TH BOARD MEETING

The 315th board meeting of the Premier Bank PLC was held at its head office on Sunday, with Dr. Arifur Rahman, chairman of the bank, in the chair. Also present at the meeting were Md. Forkan Hossain, Independent Director and Chairman, Audit Committee; Md. Sazzad Hossain, Independent Director and Chairman,...

BASIC Bank holds 36th AGM

The 36th Annual General Meeting (AGM) of state-owned BASIC Bank Limited was held on Sunday at the Head Office of the bank. Helal Ahmed Chowdhury, Chairman of the bank, presided over the meeting. Nazma Mobarek, Secretary, Financial Institutions Division (FID), attended the meeting as a representative of the bank's sole...

NATIONAL HOUSING FINANCE AGM APPROVES 10PC STOCK DIVIDEND

The 26th Annual General Meeting (AGM) of National Housing Finance PLC was held on Sunday on a virtual platform. In the meeting, the shareholders approved 10 per cent stock dividend for the year 2024. The meeting was presided over by Dr. Khondaker Showkat Hossain, Chairman of the company. The company's...

Pfizer to acquire drug maker Metsera for $4.9b

NEW YORK, Sept 22 (AFP): US pharmaceutical giant Pfizer will acquire Metsera, a maker of drugs for obesity and heart disease, for $4.9 billion, the companies said Monday.With the purchase Pfizer aims to expand its portfolio by entering the huge and growing market for medicines to treat obesity."Obesity is a...

Nvidia and Abu Dhabi institute launch AI, robotics lab in UAE

DUBAI, Sept 22 (Reuters): Abu Dhabi's Technology Innovation Institute and Nvidia have launched a joint research lab in the United Arab Emirates that will focus on developing next-generation AI models and robotics platforms, TII said on Monday.The joint research hub is the first Nvidia AI Technology Centre in the Middle...