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

Final draft empowers regulator to declare bankruptcy

Final draft of Insurers Resolution Ordinance-2025 has been prepared, empowering the insurance regulator to declare a troubled company bankrupt and sell personal assets of directors, if needed, to settle claims. The draft ordinance promises extensive power to the Insurance Development and Regulatory Authority (IDRA) to facilitate ownership changes, liquidation, or...

Sonar Bangla Insurance posts lowest earnings in 2024

Sonar Bangla Insurance has reported a profit of Tk 8.4 million for 2024, the lowest since its listing in the stock market, thanks to a sharp fall in premium income after the political changeover in August last year.The company's profit was Tk 16.7 million the year before, marking a 50...

La Rosa to lead Chevron portfolio across key global exploration

Javier La Rosa has been appointed to lead a broad Chevron portfolio that includes several of the company's key global assets. His new role as president of Base Assets and Emerging Countries (BAEC) is effective July 1, 2025. He will be based at Chevron's headquarters in Houston, says a statement.La...

Foreign firms should share profits with the public: ICB chief

The chief of the Investment Corporation of Bangladesh (ICB) on Wednesday urged the securities regulator to actively pursue the listing of profitable multinational companies. Speaking at a discussion organised by the DSE Brokers Association of Bangladesh (DBA) at the DSE Tower in the capital's Nikunja, Professor Dr. Abu Ahmed, chairman...

ICAB gets new president

The Institute of Chartered Accountants of Bangladesh (ICAB) has elected N. K. A. Mobin as its new president. Also, four new vice presidents of the Institute have been elected. They are Suraiya Zannath, Md Rokonuzzaman, Muhammad Mehedi Hasan and Md Moniruzzaman. They took over charges of respective offices on Tuesday...

Japanese investors urged to explore EPZs in BD

The Bangladesh Export Processing Zones Authority (BEPZA) hosted a high-level investment seminar in Tokyo, Japan, on Wednesday, urging Japanese investors to explore lucrative opportunities in the country's Export Processing Zones (EPZs) and the BEPZA Economic Zone.The seminar followed the recent visit of Chief Adviser Professor Muhammad Yunus to Japan, during...

Amari Dhaka introduces summer weekend brunch

Amari Dhaka is introducing a weekend summer brunch at Amaya Food Gallery, starting June 28. The brunch will be held every Saturday from 11:30 am to 3:30 pm, offering a wide selection of local and international dishes through live cooking stations, says a statement.As part of the launch, a special...

Bengal Commercial Bank hosts Micro Credit Conclave

Bengal Commercial Bank (BGCB) organised 'Micro Credit Conclave 2025' at the BGCB Training Centre in Dhaka on Wednesday, with the participation of the Bank's Micro Credit team. Tarik Morshed, Managing Director & CEO of the bank, attended the programme as the chief guest while K. M. Awlad Hossain, Additional Managing...

UNITED FINANCE AGM APPROVES 10PC CASH DIVIDEND

The 36th Annual General Meeting of United Finance PLC was held on a digital platform on Tuesday. The shareholders approved a cash dividend of 10% for 2024 at the AGM. Chairman of United Finance Najmul Hasan; Directors Moinuddin Hasan Rashid, Mahenoor Sultana Rashid, Khondaker Zayed Ahsan, Kayes Khalil Khan and...

BARI gets National Environment Award 2024

The Bangladesh Agricultural Research Institute (BARI), Gazipur has been honoured with the National Environment Award 2024 in the category of 'Environmental Research and Innovation in Technology.' The award was presented at a grand ceremony held at the Bangladesh-China Friendship Conference Centre in Dhaka on Wednesday on the occasion of World...

NOTUNDHORA RECOGNISED AS HIGHEST LAND DEVELOPMENT TAXPAYER

Notundhora Assets Ltd, a housing company, has been recognised by the Upazila Revenue Committee concerned as the highest taxpayer in the field of Land Development Tax for the third consecutive year (Bengali year 1431). Shahin Miah Shikder, Executive Director of the company, received a special honorary crest from Shahina Akter,...

RBI to withdraw surplus funds to dampen money market's mood

MUMBAI, June 25 (Reuters): The Indian central bank's decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut and cash boosting measures has prompted an uptick in money market rates which may continue in the coming days, traders said.The Reserve Bank of India (RBI)...

Fed kicks off effort to ease bank leverage rules

WASHINGTON, June 25 (Reuters): The Federal Reserve meets on Wednesday to advance a proposal that would ease leverage rules for banks, which would grant the industry a long-sought win they say will help big firms facilitate Treasury market trading.The central bank's Washington board will consider a plan to revamp the...

WB announces Lebanon, Syria reconstruction projects

BEIRUT, June 25 (AFP): The World Bank (WB) announced on Wednesday it had approved $250 million to support Lebanon's post-war reconstruction and a $146 million grant to rehabilitate neighbouring Syria's electricity sector.Lebanon is reeling from last year's devastating war between Israel and Iran-backed Hezbollah, while Syria faces massive needs after...

Tesla sales skid in Europe despite EV rebound

PARIS, June 25 (AFP): Tesla missed out on Europe's rebounding EV sales last month as the political activities of its CEO Elon Musk appear to continue to repel customers, industry data showed Wednesday.Tesla sold 40.2 per cent fewer cars in Europe in May than in the same month last year,...