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

Task force suggests direct listing of cos with over Tk 10b yearly turnover

FE REPORTThe capital market reform task force has recommended direct listing for multinational firms and large companies, with an annual turnover surpassing Tk 10 billion, in addressing the dearth of quality stocks.Currently, only state-owned enterprises are given the opportunity of direct listing on the stock exchanges.The task force also proposed...

Maksons Spinning Mills loss more than double in Q2 of FY25

Maksons Spinning Mills saw its losses more than double in the second quarter through December last year of FY25, owing to a significant year-on-year reduction in revenue. The loss per share jumped to Tk 1.77 in the quarter from Tk 0.86 in the corresponding period of the previous year, according...

BAT Bangladesh to give 300pc cash dividend

British American Tobacco Bangladesh Company Limited (BAT Bangladesh) has approved a 300 per cent cash dividend for 2024, according to a press release.The approval was given at the 52nd annual general meeting (AGM) of the company, which was held virtually and attended by a significant number of shareholders on Tuesday....

Social Islami Bank gets new managing director

Shafiuzzaman has joined Social Islami Bank (SIBL) as managing director on Thursday, according to a press release. Prior to assuming this role, he served as additional managing director & chief credit officer at Bank Asia, where he played a key role in credit risk management, corporate asset marketing and strategic...

Green Delta Ins declares 25pc cash dividend

Green Delta Insurance has declared a 25 per cent cash dividend for its shareholders for the year ended December 31, 2024.The announcement was made at the company's 39th annual general meeting (AGM), which was held virtually on Thursday. Shamsun Nahar Begum Chowdhury, chairperson of the company, presided over the meeting.The...

Trump announces 25pc tariffs on foreign-built vehicles

WASHINGTON, Mar 27 (AFP): US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week.Wall Street slumped ahead of Trump's Wednesday afternoon announcement, while the world's top-selling automaker Toyota plunged more than three...

Shippers' Council holds Doa and Iftar Mehfil

Shippers' Council holds Doa and Iftar Mehfil Shippers' Council of Bangladesh (SCB) organised a Doa and Iftar Mahfil at Fortune Square Convention Hall in the city recently. SCB Chairman Md Rezaul Karim presided over the event. SCB Senior Vice Chairman Md Ariful Ahsan and Vice Chairman Ganesh Chandra Saha were...

First Security Islami Bank holds Board Meeting--

First Security Islami Bank holds Board MeetingThe 292nd meeting of the board of directors of First Security Islami Bank PLC was held at its head office in the city recently. Mohammad Abdul Mannan, Chairman of the board, presided over the meeting. Md Azizur Rahman, Vice Chairman, Md Abdul Quddus, Chairman...

LankaBangla Finance inspires future generations with Ramadan Values

LankaBangla Finance PLC, a leading financial institution, is extending its commitment not only to financial services but also to nurture social consciousness and ethical values, says a press release.In alignment with the spirit of Ramadan, the company has launched a unique initiative aimed at promoting moral principles in children and...

BDBL Securities Ltd holds 14th AGM

BDBL Securities Ltd holds 14th AGMThe 14th Annual General Meeting (AGM) of BDBL Securities Limited (BSL) was held at Karwan Bazar in the city recently. Board Chairman and Bangladesh Development Bank PLC's Managing Director & CEO Md Jashim Uddin presided over the meeting.

Govt to procure LNG, rice, fertiliser to meet growing demand

The government approved separate proposals on Thursday for procuring two cargos of LNG, 70,000 tonnes of fertiliser and 50,000 tonnes of non-Basmati boiled rice in a bid to meet the growing demand of the country, reports BSS.The approval was given at the meeting of the Advisers Council Committee on Government...

BoA mortgage applications jump 80pc in Q1

NEW YORK, Mar 27 (Reuters): Bank of America saw an 80 per cent jump in mortgage applications between January and March, its executive of consumer lending said, as buyers were tempted by increasing home inventory and lower long-term bond yield."We're seeing a steady increase in home buying activity, and it's...