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

Day-long agitation ends with demand for resignation of BSEC top brass

Employees of the securities regulator have demanded the resignation of the chairman and all commissioners following their decision to send an executive director into forced retirement. After a day-long agitation on Wednesday, they placed the demand at a press briefing. Earlier, employees of the Bangladesh Securities and Exchange Commission (BSEC)...

Unilever Consumer Care to give highest dividend in 5 years despite lower profit

Despite a 31 per cent year-on-year decline in profit in 2024, Unilever Consumer Care recommended the highest dividend - 520 per cent -- in five years for shareholders for the year. The multinational company's annual income plummeted to Tk 667 million in 2024, mainly due to lower sales and the...

Bangladesh Finance unveils new product for NRBs

Bangladesh Finance has launched a new service platform, named "Bangladesh Finance BIR," exclusively designed for non-resident Bangladeshis (NRBs).Under the platform, the non-bank financial institution will offer exclusive savings facilities in both conventional and Shariah-based models, along with home loans, SME loans, women entrepreneurship loans, and agricultural loans for account holders...

Govt may raise TCB dealers’ commission by Tk 0.50

The government may increase the commission of the Trading Corporation of Bangladesh (TCB) dealers by Tk 0.50 to offset the impacts of various issues, including rising transport costs, sources say.It came as TCB recently sent a proposal to the commerce ministry seeking an increase in the commission. The state-run organisation...

Ashit Kumar, Jhahedul Alam elected as directors of Standard Bank

Asit Kumar Saha and Jhahedul Alam have been elected as directors of Standard Bank PLC, says a press release. The decision came at the 403rd board meeting of the bank held on December 15, 2024 and with the approval of Bangladesh Bank dated February 03, 2025.A distinguished entrepreneur Mr Ashit...

Abdul Bari joins as CEO of First Finance

Shah Md Abdul Bari joined as the Chief Executive Officer in First Finance Limited on Tuesday, says a press release. Shah Md Abdul Bari started his banking career in 1988 with National Bank Limited as Probationary Officer. During his illustrious career of over 36 years, he worked with excellent reputation...

Dressmakers, designers having hectic days ahead of Eid in Ctg

CHATTOGRAM, Mar 05: Tailor's and fashion houses are now crowded with buyers in the port city as Eid ul-Fitr, the largest religious festival of Muslims, is set to be observed at the end of Ramadan .Tailors have submerged themselves completely in work, as they are flooded with receiving order for...

ITFC, MUTUAL TRUST BANK SIGN MURABAHA AGREEMENT

The International Islamic Trade Finance Corporation (ITFC) and Mutual Trust Bank PLC (MTB) signed a Master Murabaha Agreement to strengthen trade finance support for small and medium enterprises (SMEs) and the private sector in Bangladesh. Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank, and Nazeem Noordali, officer-in-charge...

Islami Bank unveils 'Internal Control and Compliance Manual'

Islami Bank Bangladesh PLC has unveiled the 'Internal Control and Compliance Manual' Version-3.06. Obayed Ullah Al Masud, Chairman of the bank, unveiled the manual as the chief guest on Tuesday. Mohammad Khurshid Wahab, Chairman of the executive committee, Md Abdus Salam, Chairman of the audit committee, Prof Dr M Masud...

Community Bank holds board meeting-

The 61st board meeting of Community Bank Bangladesh PLC was held at the Police Headquarters on Wednesday. Inspector General of Police (IGP) and Chairman of Community Bank PLC Baharul Alam presided over the meeting. AKM Shahidur Rahman, Director General of Rapid Action Battalion; SM Sazzat Ali, Commissioner, Dhaka Metropolitan Police;...

Southeast Bank organises training programme

Southeast Bank Training Institute organised a specialised training programme on 'Loan Documentation and Branch Budget Preparation'. This comprehensive training programme provided participants with in-depth insights into key aspects of loan documentation, including legal frameworks, risk assessment, compliance requirements, and industry best practices. External and internal speakers were the resource persons...

Saudi real estate loans hit $236b as Kingdom captures global buyer interest

RIYADH, Mar 05 (Arab News): Saudi Arabia's real estate loans surged 15.12 per cent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024, driven by robust demand from both retail and corporate borrowers, official data showed. According to the Kingdom's central bank, also known...

Malaysia signs deal with Arm to bolster chip ambitions

KUALA LUMPUR, Mar 05 (AFP): British chip giant Arm Holdings signed an agreement with Malaysia on Wednesday to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-China tech trade war.Malaysia is a key player in the vital chips sector but has been largely focused on packaging,...

China to boost food imports from Latin America

SINGAPORE/BEIJING, Mar 05 (Reuters): China's new tariffs on US farm goods are poised to reshape global trade flows, prompting the world's top agricultural importer to source more meat, dairy and grains from countries in South America, Europe and the Pacific.Shipments to China from key soybean supplier Brazil, top wheat exporter...