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

Asset managers' last-ditch effort to keep investors with pooled funds

The country's mutual fund (MFs) industry is in a tight spot as unitholders, frustrated over no return and persistent erosion in the equity market, have increasingly been withdrawing their investments. The disinterest shown in open-ended funds has raised concerns among fund managers as investors have already turned away from close-ended...

DESCO to issue more preference shares to govt

The stock market regulator has given permission to the Dhaka Electric Supply Company (DESCO) to issue another 2.38 million preference shares to the government against share money deposits.The state-owned power distributor will issue shares worth Tk 23.81 million at a face value of Tk 10 each, according to a stock...

Saudi Arabia restructures $32b sukuk to strengthen debt strategy, local market

JEDDAH, May 26 (Arab News): Saudi Arabia has completed a sukuk restructuring and new issuance of over SR120 billion ($32 billion), advancing its strategy to enhance fiscal sustainability, optimize debt management, and deepen the local debt market. According to the National Debt Management Center, the Kingdom finalized its sixth early...

AB BANK LAUNCHES ISLAMIC BANKING DEPOSIT PRODUCTS

AB Bank recently launched three new Shariah-compliant deposit products. AB Maahir offers higher quarterly profits than general Mudarabah savings accounts with a minimum balance of Tk 5,000. AB Islamic DPS is a monthly installment-based deposit plan with tenure up to 20 years and includes free Takaful insurance coverage up to...

Premier Bank Foundation opens Japanese language centre

As part of an initiative of Premier Bank Foundation, a Japanese language centre was recently opened through an inaugural ceremony at Dr. Momtaz Begum University of Science and Technology located in Bhairab, Kishoreganj district. Maho Nakayama, director of Japan's Sasakawa Peace Foundation, graced the occasion as chief guest. Mr. Mohammad...

Sony-Smart Electronics Fair kicks off

A two-week-long 'Sony-Smart Electronics Fair 2025' kicked off on the ground floor of Saptak Square at Dhanmondi in Dhaka on Sunday. The fair will run through June 6, says a statement.Visitors to the fair can purchase a wide range of Sony-Smart products at special discounted prices. In addition to the...

BD-China trade confce on June 1

A daylong 'Bangladesh-China Conference on Investment and Trade' will be held on June 1 at "Biniyog Bhaban" (Investment Building) in the city, reports BSS.Bangladesh Economic Zones Authority (BEZA) and Bangladesh Investment Development Authority (BIDA) are going to jointly organise the event.Chief Adviser Prof Muhammad Yunus is scheduled to inaugurate the...

SONALI BANK SIGNS MOU WITH BIDA TO FACILITATE ACCOUNT OPENING

Sonali Bank PLC and five other government agencies signed a memorandum of understanding (MoU) with Bangladesh Investment Development Authority (BIDA) to integrate five services aimed at expediting the process of starting a business in Bangladesh. Deputy Managing Director of Sonali Bank Subhash Chandra Das signed the MoU on behalf of...

Janata Bank's six-day Credit Management Training Course begins

A six-day Credit Management Training Course (Batch 01/15) organised by the Janata Bank Staff College of Janata Bank PLC began on Saturday. Managing Director of the bank Md Mazibur Rahman inaugurated the course as the chief guest. DGM of Staff College, in-charge and other executives of the bank were present...

Agrani Bank's 30-day foundation course held

A concluding ceremony of a 30-day foundation course for the 90th and 91st officers (cash) Batch organised by the Agrani Bank Training Institute (ABTI) was held in the city on Sunday. Agrani Bank PLC Deputy Managing Director Md Abul Bashar distributed certificates among the participants as the chief guest while...

CHARTERED LIFE AND COMMERCIAL BANK OF CEYLON SIGN AGREEMENT

An agreement has been signed between Chartered Life Insurance PLC and Commercial Bank of Ceylon. CEO (Acting) of Chartered Life Mohammed Amdad Ullah and CEO of Commercial Bank of Ceylon Najith Meewanage signed the agreement on behalf of their respective organisations. Under this agreement, all the employee of Commercial Bank...

LANDMARK ACHIEVEMENT BY NOTUNDHORA ASSETS

Notundhora Assets Limited is the first housing company in the country to receive a recommendation for the approval of a private housing project from the National Housing Authority. Notundhora Assets has recently received this exceptional recognition through an official approval letter signed by the Chairman of the National Housing Authority....

Saudi Arabia's non-oil exports climb 13.4pc in Q1

RIYADH, May 26 (Arab News): Saudi Arabia's non-oil exports rose 13.4 percent to SR80.72 billion ($21.52 billion) in the first quarter of 2025 compared to a year earlier, underscoring the Kingdom's ongoing efforts to diversify its economy. According to preliminary data released by the General Authority for Statistics, national non-oil...

Shares in China-listed Apple suppliers fall after Trump's tariff threats

SHANGHAI, May 26 ((Reuters): China-listed Apple supplier stocks lost ground on Monday after US President Donald Trump threatened tariffs on imported iPhones.Shares in Luxshare, which assembles iPhones and makes AirPods, fell 2.2 per cent while Chinese mobile screen maker Lens Tech lost 1.8 per cent. Airpod maker Goertek declined 1.1...

EU sees 'new impetus' in US trade talks

BRUSSELS, May 26 (Reuters): US President Donald Trump's decision to drop his threat to impose 50% tariffs on European Union imports from next month gave 'new impetus' to trade talks, the EU said on Monday, as global stock markets climbed and the euro rallied.Back-tracking on the new tariffs he announced...