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

Investors rattled by market plunge take to streets

A group of stock investors took to the streets once again on Wednesday in protest against the continuous market fall and inaction of the securities regulator.The prime index of the Dhaka Stock Exchange (DSE) plunged 183 points in the past eight straight sessions to 5,022, tumbling to six-month low. Angry...

Bata Shoe sees profit plunge 26pc, to pay record dividends for 2024

Bata Shoe has reported a 26 per cent lower profit of Tk 296 million for 2024, compared to the year before, as sales dropped amid persistent economic and political instability.Loss of working days due to "unforeseen events" in the country impacted retail operations on a limited scale, the company said...

City Bank appoints 2 DMDs for SMEs, microfinance

As part of its strategic commitment to support the SME and microfinance sectors in Bangladesh, City Bank has appointed two of its senior leaders Md. Nurul Azam Mozumder and Kamrul Mehedi as deputy managing directors (DMDs), according to a statement.Md. Nurul Azam Mozumder, previously serving as senior executive vice president...

City Bank appoints 2 DMDs for SMEs, microfinance

ICB Capital Management seeks removal of double taxation

ICB Capital Management has proposed removing double taxation that erodes merchant banks' profits in the absence of the scope of adjusting source tax during the filing of tax returns. The merchant bank in a letter to the Financial Institutions Division (FID) of the finance ministry and the National Board of...

FBCCI, Bhutan delegation explore enhanced agri trade cooperation

Bangladesh and Bhutan are seeking to strengthen bilateral trade ties, with a particular focus on agricultural products such as fruits, vegetables and spices, reports UNB.Business leaders from both nations emphasised the importance of expanding mutual cooperation to unlock the trade potential between the two South Asian countries.The discussions were held...

ICMAB hosts reception for newly qualified CMAs -

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a reception ceremony at the Ruhul Quddus Auditorium, ICMA Bhaban, in Dhaka on Tuesday, to honour the newly qualified Cost and Management Accountants (CMAs) from the January 2025 examination session, says a statement.ICMAB Secretary Hasnain Thoufiq Ahmed welcomed the...

BASIS joins Japan IT Week

One of Asia's largest and most prestigious international ICT exhibitions, Japan IT Week 2025 (Spring), has begun at Tokyo Big Sight, a renowned venue in Japan's capital city. Running from April 23 to 25, the event is a global platform for innovation and technological collaboration, says a statement.This year, six...

PBIL, EDGE JOIN HANDS TO TRANSFORM INVESTMENT BANKING LANDSCAPE

Prime Bank Investment Limited (PBIL), a merchant bank in Bangladesh, and EDGE Research & Consulting Limited (EDGE), an investment research and advisory firm, signed a memorandum of understanding (MoU) to provide investment banking services to a wide range of institutional clients. The agreement was signed at PBIL's headquarters in the...

DHAKA BANK PARTNERS WITH J.P. MORGAN TO IMPROVE INWARD REMITTANCE

Dhaka Bank and J.P. Morgan Payments have teamed up to doost inward remittance services in Bangladesh by implementing JP Morgan Payments' Xpedite Select Receipt. The solution aims to streamline and secure cross-border receipts in 40 different currencies, delivering the funds directly to beneficiaries in Bangladesh. The collaboration was formalised on...

Sonali Bank holds review meeting with its higher Management

The 15th review meeting between the Board of Directors and Senior Management Team (SMT) of Sonali Bank PLC was held at the bank's head office in the city on Wednesday. Chairman of Board of Directors Mohammad Muslim Chowdhury presided over the meeting while SMT Chairman and bank's Managing Director and...

Janata Bank holds foundation training course for officers

A 30-day foundation training course for officers organised by the Staff College of Janata Bank PLC was held in the city recently. Managing Director of the bank Md Mazibur Rahman inaugurated the course as the chief guest. A total of 50 officers of the bank attended the training course.

Auto Shanghai showcases new EV era despite tariff speedbumps

SHANGHAI, Apr 23 (AFP): The world's largest auto expo opened its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions.With nearly 1,000 exhibitors present, foreign carmakers are raring to show they can keep pace with the ultra-competitive Chinese firms...

China says 'door open' for talks as Trump mulls lowering tariffs

BEIJING, Apr 23 (Agencies): China said on Wednesday that the door was "wide open" for trade talks with Washington, a day after U.S. President Donald Trump signalled that high tariffs on goods from China would "come down substantially," although he said "it won't be zero."Bringing further relief to global markets...

UK borrowing exceeds forecasts, adding to govt pressures

LONDON, Apr 23 (AFP): The UK government borrowed more than expected last fiscal year, official data showed Wednesday, underlining the pressures the Labour government faces as it also contends with US tariffs.Public sector net borrowing-the difference between spending and tax receipts-stood at £151.9 billion ($202.4 billion) in the year to...