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

BSEC seeks ACC probe into RACE over disputed tax reporting

The country's largest asset manager, RACE Management, has been found to have reported a fictitious tax charge of Tk 96.8 million in the FY24 financial statements of six funds under its management.Following the discovery, the Bangladesh Securities and Exchange Commission (BSEC) referred the matter to the Anti-Corruption Commission (ACC) for...

Stocks cross 5,600 mark on increased appetite for bank stocks

The benchmark index of the Dhaka Stock Exchange (DSE) surpassed the 5,600-point threshold once again after six months as investors showed buying appetite in bank stocks amid improved post-election sentiment.Market analysts cited the ongoing market recovery as being driven by broad-based investor participation due to post-election political stability and macroeconomic...

To win Europe's embrace, China needs to uncap the yuan

LONDON, Feb 26 (Reuters): With Washington raising barriers, China's push to shift trade toward Europe is running into one big demand: let the yuan rise against the euro and level the playing field.German Chancellor Friedrich Merz landed in Beijing this week to meet Chinese President Xi Jinping, the most prominent...

UCB OPENS NEW BRANCH IN DAGANBHUIYAN, FENI

United Commercial Bank (UCB), as part of its ongoing initiative to expand banking services across the country, has inaugurated a new branch in Daganbhuiyan, Feni. The branch has been launched with the aim of delivering modern, fast, and reliable banking services to local customers. This marks UCB's 234th branch, located...

PRIME BANK INKS DEAL WITH AKTER PROPERTIES TO OFFER DISCOUNTS ON APARTMENT PURCHASE

Prime Bank recently signed a strategic agreement with Akter Properties at a ceremony held at Prime Aspire in Dhaka. Under this agreement, customers of Prime Bank-who will avail of home loans from the bank to purchase apartments from Akter Properties-will enjoy an exclusive five per cent discount on the base...

Hoe Yun Jeong called on Finance Minister Amir Khosru Mahmud Chowdhury

Country Director of Asian Development Bank Hoe Yun Jeong called on Finance Minister Amir Khosru Mahmud Chowdhury at the latter's office in the city on Thursday. — PID

SHAHJALAL ISLAMI BANK HOLDS 405TH BOARD MEETING

The 405th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Board Chairman Mohammed Younus. The Board approved a number of investment proposals at the meeting. Vice-Chairmen of the Board...

ALCO MEETING HELD AT JANATA BANK

Janata Bank PLC held an Asset-Liability Management Committee (ALCO) meeting at the bank's head office on Wednesday, with Managing Director Md Mazibur Rahman in the chair. The meeting was attended by Deputy Managing Directors Kazi Abdur Rahman and Md Foyez Alam, along with general managers and deputy general managers. The...

JIBAN BIMA HOLDS ANNUAL BUSINESS DEV PLANNING CONFCE

Jiban Bima Corporation held the Annual Business Development Planning Conference-2026 at the conference room of the corporation's head office on Wednesday. Md. Sayeed Kutub, Managing Director of Jiban Bima, presided over the event. Md. Liaquat Ali Khan, General Manager of the Development Division, reviewed the business performance in 2025. After...

World shares eke out record highs as Europe turns subdued

LONDON/SINGAPORE, Feb 26 (Reuters): World stocks were at all-time highs on Thursday as nerves around AI disruption continued to fade, while Japan's yen regained its footing after its latest flop and gold ticked higher ahead of talks between the US and Iran.A dive back into tech after Nvidia's results overnight...

Private credit in emerging markets surges to record, says industry group

LONDON, Feb 26 (Reuters): Investors ploughed a record $22.3 billion of private credit into emerging markets last year, according to data released on Wednesday, amid banks tightening their lending and wobbles in traditionally safe markets.The total is nearly 40 per cent higher than the previous record in 2022, according to...

India revamps mutual fund rulebook, opens room for higher gold and silver exposure

India's markets regulator on Thursday overhauled rules for mutual funds, introducing newer categories of schemes, curbing portfolio overlaps and allowing more exposure to gold and silver, reports Reuters.The move is part of the regulator's efforts to tighten mutual fund rules through clearer classifications and standardized disclosures, strengthening investor protection in...