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

Banks, NBFIs asked to provide data of entities over financial frauds

Banks and non-bank financial institutions (NBFIs) have received letters from the revenue authority asking them to provide information about fixed assets of and transactions conducted by business groups infamous for financial scams committed during the ousted regime. As many as 90 financial institutions received the letter for the second time...

Padma Islami Life Insurance to sell land to settle claims

Padma Islami Life Insurance is going to sell its 20-decimal land in Comilla for Tk 19 million to settle claims as the sector watchdog has intensified efforts to bring discipline in the claim settlement process.It has the second-lowest claim settlement ratio in the country after BAIRA Life Insurance, according to...

Iqbal Ahmed reelected as chairman of NRB Bank

Iqbal Ahmed has been reelected as the chairman of the board of directors of NRB Bank on Sunday, according to a press release. He was founding chairman of the bank. He is currently the chairman and chief executive of Seamark Group of Companies and IBCO Food Industries Limited.Mr. Iqbal, a...

MTB PARTNERS WITH DHL TO REDUCE CARBON FOOTPRINT

Mutual Trust Bank (MTB) signed an agreement with DHL Express on Gogreen Plus- Carbon Reduced service. Through this partnership, MTB will significantly mitigate its carbon footprint by utilizing sustainable aviation fuel (SAF), reinforcing its commitment to achieving Net Zero emissions. MTB's Managing Director & CEO Syed Mahbubur Rahman and DHL's...

SIBL INAUGURATES TWO NEW SUB-BRANCHES IN CTG, FENI

Social Islami Bank Limited (SIBL) virtually inaugurated two new sub-branches in Mirsharai, Chattogram, and Daganbhuiyan, Feni, from its head office on Monday. The bank's acting managing director Md. Nazmus Saadat attended the inaugural ceremony as chief guest. With these new sub-branches, SIBL continues its mission to expand access to modern,...

DSE to remain closed March 30 to April 3 for Eid-ul-Fitr

The stock market is going for a full one-week vacation for the occasion of Eid-ul-Fitr.The vacation will begin on March 30 and will continue until April 3.The Dhaka Stock Exchange (DSE) will have its last trading session on March 27 before the vacation. It will then resume trading on April...

China equity issuance doubles as tech race draws back global investors

SYDNEY, March 24 (Reuters): Global investors are increasingly re-rating mainland China's stock markets after two years of sitting on the sidelines, which bankers said will help drive renewed activity in a market where equity issuance doubled in January-March versus a year earlier.Easing government scrutiny of technology majors and the emergence...

ICAB webinar on 'Evolving Role of Accountants in AML Compliance'

The Institute of Chartered Accountants of Bangladesh (ICAB) organised a webinar on 'Evolving Role of Accountants in AML Compliance' on Monday. A. F. M. Shahinul Islam, Head of Bangladesh Financial Intelligence Unit (BFIU), Bangladesh Bank, joined the webinar as the chief guest while Nasir Uddin Ahmed, Council Member & Past...

Energy sector leaders discuss restructuring plan for economic growth

Energy sector leaders recently met with representatives from multiple banks to discuss a restructuring plan aimed at boosting the national economy and securing a sustainable future. The meeting focused on revising financial strategies to promote long-term growth, job creation, and responsible energy development, says a press release.Energypac PLC organised the...

IPDC Finance hosts 'Joyee Corporate Connect'

IPDC Finance, in collaboration with the World Bank's We-Fi initiative, hosted the 'Joyee Corporate Connect' recently. The two-day fair served a dynamic platform connecting women entrepreneurs (WEs) with corporate buyers to drive supplier diversity, inclusive economic growth, and sustainable business practices. The event was attended by prominent local and multinational...

Janata Bank holds Asset-Liability committee meeting

An Asset-Liability Management Committee meeting of Janata Bank PLC was held in the city on Monday. Managing Director of the bank Md Mazibur Rahman presided over the meeting. Janata Bank deputy managing directors Md Golam Mortuza, Md Foyez Alam and Md Nurul Alam and general managers and deputy general managers...

DBCCI hosts business networking rapid dialogue

Dutch-Bangla Chamber of Commerce & Industry (DBCCI) hosted an Iftar Mahfil and business networking rapid dialogue on "Key Points on Dutch Trade Policies, Import/Export Rules, and Regulatory Compliance" in the city on Sunday. President of DBCCI Md Shakawat Hossain Mamun presided over the session. Istiaque Uddin Ahmed, Director (Finance), Ministry...

US retailers haggle with suppliers after Trump tariffs

NEW YORK, Mar 24 (Reuters): US retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.The outcome of their talks will determine when and by how much merchandise prices rise - and...

China holds key position in Aramco’s investment strategy

RIYADH, Mar 24 (AFP): Energy giant Saudi Aramco sees China as one of its key global investment destinations, with ongoing efforts to explore further opportunities across the power generation, chemicals, and technology sectors, according to its CEO. Speaking at the China Development Forum in Beijing, Amin Nasser emphasized his company’s...