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

Six-month wait and no payout yet for unitholders

Unitholders of Asian Tiger Sandhani Life Growth Fund have yet to receive their dues, even six months after the fund's closure, with uncertainty deepening as the delay drags on.The trustee of the mutual fund said the payment could not be made earlier because it took time to secure regulatory approval...

Dulamia Cotton Spinning Mills to pay 3pc dividend despite suspended operations

Dulamia Cotton Spinning Mills has declared a 3 per cent cash dividend for general shareholders for FY25, its first payout in 16 years, despite the company remaining out of operation since 2018.It managed to declare profits after many years due to rental income, said company secretary Kazi Ekramul Hoque.According to...

SWIFT working on blockchain-based overhaul

LONDON, Sept 29 (Reuters): Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working "at pace" on making cross-border payments instantaneous and on a system capable of handling the various new forms of digital money.SWIFT, a key part of the world's financial...

BB, MERCANTILE BANK ORGANISE ENTREPRENEURSHIP DEVELOPMENT TRAINING

Bangladesh Bank (BB) and Mercantile Bank kicked off a month-long entrepreneur development training programme in Narayanganj on Monday. The initiative is financed by the Asian Development Bank (ADB) and implemented by the Finance Division of Ministry of Finance under the 'Skills for Industry Competitiveness & Innovation Program (SICIP)'. BB Additional...

ICB ASSET MANAGEMENT, IBN-SINA TRUST SIGN CORPORATE HEALTH AGREEMENT

ICB Asset Management and Ibn-Sina Trust recently signed a corporate health agreement. Under this agreement, officers and employees of ICB Asset Management and their family members will receive special healthcare facilities from The Ibn-Sina Trust. The signing ceremony was attended by ICB Chairman Professor Abu Ahmed, Managing Director Niranjan Chandra...

PRIME BANK HOLDS TRAINING ON prevention of laundering, terrorism financing

Prime Bank recently organised a day-long training programme on how to prevent money laundering and combat the financing of terrorism (CFT), in collaboration with the South Regional Office and Jashore branch. The programme was presided over by Md. Ziaur Rahman, deputy managing director & CAMLCO of Prime Bank, who delivered...

MODHUMOTI BANK ORGANISES MONEY LAUNDERING PREVENTION WORKSHOP

Modhumoti Bank successfully organised a workshop on "Prevention of Trade-Based Money Laundering (TBML) & Credit-Backed Money Laundering (CBML)" on Saturday at the bank's Learning & Development Center (Explore) in PragatiSarani. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, attended as the chief guest. Shahnawaj Chowdhury, additional managing director,...

BRAC BANK HOSTS AGENT MEET FOR NILPHAMARI REGION

BRAC Bank held Agent Meet 2025 for the Nilphamari Region in Thakurgaon recently, aimed at strengthening field-level engagement and accelerating financial inclusion. Md Iqbal Mohasin, Director of the Financial Inclusion Department (FID), Bangladesh Bank; Pinaki Ranjan Sarker, Joint Director, FID, Bangladesh Bank; and Nazmur Rahim, Deputy Managing Director and Head...

New BLFCA Committee meets with Bangladesh Bank Governor

The newly elected Executive Committee members of Bangladesh Leasing and Finance Companies Association (BLFCA) led by its Chairman M Jamal Uddin, Vice Chairman Kanti Kumar Saha and Vice Chairman Kyser Hamid met with Bangladesh Bank Governor Dr. Ahsan H. Mansur and other senior officials of the central bank recently. They...

Shahjalal Islami Bank HOLDS 89th meeting of Shari'ah Supervisory BOARD

The 89th meeting of Shari'ah Supervisory Committee of Shahjalal Islami Bank PLC (SJIBPLC) was held at the Corporate Head Office of the bank recently. The Chairman of the committee Hazrat Maulana Mufti Shahed Rahmani presided over the meeting. The meeting discussed various issues related to Shari'ah compliance in overall Islamic...

Italy reaps tax windfall thanks to inflation, job growth

ROME, Sept 29 (Reuters): Italy's tax take is rising faster than expected thanks to job growth and inflation, putting the budget deficit on track to dip below the European Union ceiling of 3 per cent of gross domestic product in 2025, a year ahead of schedule.Tax revenues rose by more...

AstraZeneca plans full US listing, but defuses fears of UK exit

AstraZeneca laid out plans on Monday to directly list its shares in the United States, as the drugmaker seeks to maximise gains from its biggest market and investor pool, even as it said that it was not exiting London, reports Reuters.The decision to remain UK-based will be of some relief...

Germany assumes 15pc US tariff rate to apply to pharma, heavy trucks

BERLIN, Sept 29 (Reuters): Germany expects the United States to apply a 15 per cent tariff rate to pharmaceuticals and heavy trucks, a government spokesperson said during a regular press conference on Monday.US President Donald Trump unveiled sweeping new import tariffs last week, including 100 per cent duties on patented...

Brazil bank lending slows further in August as tight monetary policy bites

BRASILIA, Sept 29 (Reuters): Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy.Credit growth over the past 12 months slowed to 10.1 per cent in August, down from 10.8 per...