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

Relaxed rules not enough to draw banks' special funds into pooled instruments

The recent proposal to relax conditions, attached to the special fund, for boosting investments in pooled instruments has elicited an opposing view that banks will refrain from investing unless fund managers are made accountable. A majority of the mutual funds (MFs), irrespective of their nature, close-ended or open-ended, failed to...

Profit expected to grow 12pc, with revenue soaring 12 times

Legacy Footwear announced a new contract that it signed with a Chinese company to earn an additional revenue of Tk 366 million a year over the next five years. After the disclosure of the price-sensitive information on Thursday, the stock jumped 9.94 per cent to Tk 58.60 per share on...

BAT to invest Tk 2.9b to boost capacity of Savar unit

British American Tobacco Bangladesh Company (BATBC) is going to invest Tk 2.97 billion to expand the capacity of its Savar factory following the closure of its factory in the capital.In a stock exchange filing on Thursday, the tobacco manufacturer said its board approved the investment decision at a meeting the...

Biman to lease two aircraft soon to meet operational demand

Biman Bangladesh Airlines is set to lease at least two aircraft in the coming months to address an acute shortage of aircraft and meet growing passenger demand as global manufacturers are unable to deliver new aircraft before 2031, reports UNB."We will take lease at least two aircraft as global manufacturers...

UCB, BB launch EDP under SICIP in Bogura

United Commercial Bank PLC (UCB), in partnership with Bangladesh Bank (BB), has recently launched a month-long Entrepreneurship Development Programme (EDP) in Bogura, says a press release. Supported by the Skills for Industry Competitiveness and Innovation Program (SICIP) of the Ministry of Finance, this initiative aims to empower aspiring and existing...

Prime Bank's credit rating upgraded to AAA

Prime Bank's long-term credit rating has been upgraded to AAA which is the highest credit rating assigned by the Credit Rating Agency of Bangladesh (CRAB) in Bangladesh, while the short-term rating was reaffirmed to ST-1.This significant upgrade is a strong testament to Prime Bank's three-decade-long commitment to financial strength, responsible...

Gulf shares rise as Iran-Israel ceasefire holds

Stock markets in the Gulf rose in early trade on Thursday, extending gains from the previous sessions amid rising oil prices as a ceasefire between Israel and Iran appeared to be holding, reports Reuters.US President Donald Trump hailed the swift end to the air war between Iran and Israel and...

BATA APPROVES 445pc CASH DIVIDENDS

The 53rd annual general meeting of Bata Shoe Company (Bangladesh) Limited was held through a digital platform on Thursday. Chairman Mr. Rajeev Gopalakrishnan presided over the meeting. The shareholders approved a total cash dividend of 445 per cent. This includes a 340 per cent interim dividend already paid and a...

DHAKA BANK OPENS 35TH SUB BRANCH AT HAZRATPUR

Sheikh Mohammad Maroof, managing director & CEO of Dhaka Bank, formally inaugurated the bank's 35th sub-branch at Hazratpur under Kalatia Branch. Md. Mostaque Ahmed, deputy managing director & CEMO; Tipu Sultan, SEVP & head of Islamic Banking Division, and Altamas Nirjhor, EVP & head of General Services Division, were present...

MTB FOUNDATION for WATER, SANITATION ACCESS IN LAKSHIMPUR

MTB Foundation recently launched a "Water Access Hub and Sanitation Facilities" under the project "Jol Torongo" for the vulnerable community of Char Alexander, Lakshmipur, as part of its programmes marking World Environment Day 2025. The project was aimed at catering to a large underprivileged segment of Char Alexander by resolving...

FSIB holds board meeting

The 304th meeting of the board of directors of First Security Islami Bank (FSIB) PLC was held at the bank's head office in the city on Wednesday. Chairman of the bank Mohammad Abdul Mannan presided over the meeting. FSIB Vice Chairman Md Azizur Rahman, Chairman of Executive Committee Md Abdul...

Shell says not in talks to buy BP

LONDON, June 26 (AFP): British oil major Shell said Wednesday it was not in talks with BP to acquire its rival, after the Wall Street Journal reported there had been preliminary discussions."This is further market speculation. No talks are taking place," a Shell spokesman told AFP, adding that the firm...

S Korea’s president urges approval of $22.5b extra budget

SEOUL, June 26 (AFP): South Korea's President Lee Jae Myung called on parliament on Thursday to approve a $22.5 billion supplementary budget aimed at reviving the economy, in his first address to MPs since taking office.Lee was elected in a snap vote this month following the impeachment of his predecessor,...

BBC rolling out paid subscriptions in US

LONDON, June 26 (Reuters): The BBC is rolling out paid subscriptions in the United States, it said on Thursday, as the publicly-funded broadcaster explores new revenue streams amid negotiations with the British government over its funding.The BBC has in recent years seen a fall in the number of people paying...

India, US trade talks face roadblocks ahead of tariff deadline

NEW DELHI, June 26 (Reuters): Trade talks between India and the US have hit a roadblock over disagreements on import duties for auto components, steel and farm goods, Indian officials with direct knowledge said, dashing hopes of reaching a deal ahead of President Donald Trump's July 9 deadline to impose...