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

Maiden commodity exchange to get ‘visible shape’ as rules finalised

The Chittagong Stock Exchange (CSE) now has no bar to commence the operation of its Commodity Exchange (CX) as the securities regulator approved the regulations of the country's maiden CX.The approval came on Tuesday at a meeting of the Bangladesh Securities and Exchange Commission (BSEC).Although the port city bourse received...

Stocks fall for fifth straight day on sell-offs of blue chips

The broad index of the Dhaka bourse on Tuesday experienced another sharp fall by 41 points, extending the losing streak for the fifth session in a row and hitting the lowest level in around five years. The DSEX, broad index of the Dhaka Stock Exchange (DSE), dipped below 4700-mark as...

DBA suggests listing CDBL for ‘greater transparency’

The DSE Brokers Association of Bangladesh (DBA) has suggested listing the Central Depository Bangladesh Limited (CDBL) for greater transparency, accountability and public participation. It has written a letter in this regard to Dr. Anisuzzaman Chowdhury, chairman of the capital market development committee and special assistant to the Chief Adviser, requesting...

Dhaka seeks Turkish expertise in forest restoration

Adviser to the Ministry of Environment, Forest and Climate Change Syeda Rizwana Hasan has expressed a strong interest in leveraging Turkish expertise for forest restoration, especially in areas impacted by human-wildlife conflict.During a meeting with Ramis SEN, Ambassador of Turkiye, at her office in Dhaka on Tuesday, Adviser Rizwana Hasan...

Japan to provide $15.5bn tariff help to SMEs

TOKYO, May 27 (AFP): Japan's government announced Tuesday a package worth $15.5 billion aimed at shielding small to medium-size businesses (SMEs) from the impact of US tariffs.The package worth 2.2 trillion yen ($15.5 billion) will include help with corporate financing and easing of loan conditions at a government-backed lending institution,...

Hotel Sarina gets new General Manager

Hotel Sarina Dhaka has appointed Channa Ekanayake as its new General Manager, says a statement. Mr. Ekanayake brings over 20 years of experience in the global hospitality industry and is set to lead Hotel Sarina Dhaka towards continued excellence in service delivery, operational efficiency, and guest satisfaction. His career has...

Closing workshop for 'Green Cooling Initiative III Project' held

The closing workshop for the 'Green Cooling Initiative (GCI) III Project' was held recently, marking the successful completion of the project in Bangladesh.The Green Cooling Initiative (GCI) III, GIZ Bangladesh, and the Ozone Cell of the DoE, jointly organised the event at the Department of Environment (DoE) in Dhaka, with...

MERCANTILE BANK HOLDS GREEN FINANCING WORKSHOP

Mercantile Bank organised a workshop on "Sustainable and green financing in banking sector" at its training institute on May 24. Respective officials from 39 branches attended the workshop. Mati Ul Hasan, managing director of the bank, inaugurated the programme. In his address Mr. Hasan highlighted the importance of sustainable finance...

PRIME BANK PARTNERS WITH NILOY MOTORS

Prime Bank has partnered with Niloy Motors Limited to enable credit card holders of the bank to purchase motorcycles from Niloy Motors with EMI facility. A signing ceremony was recently held at Prime Bank's Gulshan corporate office. Mamur Ahmed, SEVP, head of distribution of Prime Bank, and Tanim Quraishi, head...

MODHUMOTI BANK SIGNS DEAL WITH AMAL UK LIMITED

Modhumoti Bank has signed an agreement with AMAL UK Limited, UK, on Tuesday to enable the company's customers to send remittances through the bank in Bangladesh. The deal was signed at the bank's head office in Gulshan, Dhaka. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, and Mr....

IFIC BANK HOSTS CLUSTER FINANCING 2025 WORKSHOP IN MUNSHIGANJ

Under the directive of the Bangladesh Bank and with the theme "Integrated Development and Financing," IFIC Bank -- country's largest bank in terms of branch and sub-branch network -- successfully organised a day-long workshop titled "Cluster Financing 2025 - Munshiganj." The event took place recently at a convention centre in...

NCC BANK SIGNS MOU WITH NATIONAL PENSION AUTHORITY

NCC Bank has recently signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA) to support the Universal Pension Scheme. Under this agreement, NCC Bank will assist customers in registering and depositing monthly contributions to four pension schemes: Progoti, Surakkha, Somota, and Probash. Additionally, customers will be able...

COMMUNITY BANK SIGNS BUSINESS AGREEMENT WITH OPPO

Community Bank Bangladesh PLC signed a business agreement with OPPO. Kimiwa Saddat, Managing Director (Current Charge), Community Bank; and Jade Lu, Sales Director, OPPO; signed the agreement at the bank's head office on Monday. Under this agreement, both companies will offer exclusive products & services to the potential customers.

AGRANI BANK SIGNS deals WITH EIGHT DATA CONNECTIVITY SERVICE PROVIDERS

Agrani Bank PLC signed agreements with eight vendors to receive data connectivity service for various departments of the bank. Chairman of the bank Syed Abu Naser Bukhtear Ahmed and CEO Md Anwarul Islam along with representatives of the service providers were present at the signing ceremony held at the bank's...

Investors brace for record Canadian government debt issuance as budget delayed

TORONTO, May 27 (Reuters): Canada's government debt issuance is expected to surpass a pandemic-era record high this fiscal year, which could raise borrowing costs and add to calls for the ruling Liberal Party to be more transparent on its spending plans. Prime Minister Mark Carney has said his government, which...