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

DSE mobile app users vanish in large numbers as market return evaporates

The number of active users of the DSE mobile app dropped to an eight-year low due to the prolonged depressed market trend and the imposition of service charge on app users.The number of mobile app users was 26,067 at the end of FY25, a 21 per cent fall from the...

Eastern Bank eyes zero-coupon bonds to reduce short-term interest burden

Eastern Bank will issue zero-coupon bonds to raise Tk 8 billion, shifting from the previous floating-rate structure, to reduce short-term interest payment obligations.In a filing on Thursday, the listed private commercial bank disclosed its decision.Earlier this year, the board of directors of the bank decided to issue unsecured, non-convertible, fully...

Asia's budding dividend zeal needs more support to flourish

HONG KONG, July 10 (Reuters): While US and European companies have reduced their average dividend payouts over the past decade, Asian corporates have maintained consistent payout ratios, reflecting the region's improving balance sheets, shifting investor preferences and increasingly supportive regulatory environment.To maximize shareholder value, economic theory argues that excess cash...

SOUTHEAST BANK HOSTS WORKSHOP TO SUPPORT WOMEN ENTREPRENEURS

Southeast Bank Training Institute recently hosted a day-long workshop titled "Women Entrepreneur Development Program" for the officials who work at the bank's Women Entrepreneur Help Desk. This programme aims to strengthen the activities of the officials concerned and to help women entrepreneurs. Sayma Banu, director (training), delivered the welcome speech...

PRIME BANK, EXCEL TELECOM INK DEAL TO OFFER FINANCING SOLUTIONS FOR SAMSUNG DEVICES

Prime Bank recently signed a memorandum of understanding (MoU) with Excel Telecom Pvt. Ltd., the manufacturing partner and authorised national distributor of Samsung Bangladesh, at the bank's corporate office. Prime Bank's consumer banking division will offer convenient digital financing solutions to its retail customers for purchasing Samsung devices. The signing...

South Korea moves to curb unfair stock trading

SEOUL, July 10 (Reuters): South Korea's financial regulators and stock bourse operator have prepared measures to curb unfair trading practices, including illegal short-selling, after President Lee Jae Myung ordered a "one-strike out" policy for violators. A joint task force of the Financial Services Commission (FSC), the Financial Supervisory Service and...

Unifa Accessories to invest $48.6m in BEPZA Zone

Unifa Accessories (BD) Co. Ltd., a China-British Virgin Islands-owned company, is set to invest US$ 48.66 million to establish a bag and fashion accessories manufacturing industry in the BEPZA Economic Zone (BEPZA EZ) in Mirsharai, Chattogram.An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and...

Nestlé Bangladesh begins export of Ceregrow to Sri Lanka

Nestlé Bangladesh PLC has officially launched its export operations to Sri Lanka, introducing the home-grown Nestlé CEREGROW, a nutritious junior cereal with milk, produced in Nestlé Bangladesh's only factory located in Sreepur, Gazipur, says a press statement.The milestone was marked by a ceremonial event attended by High Commissioner of Sri...

Tariffs drive US clothing imports from China to 22-year low in May

LONDON/NEW YORK, July 10 (Reuters): The value of apparel imports from China to the US fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep US tariffs.China has for years been the biggest exporter of clothes to the US,...

Groot to be remembered on July 13 for legacy in vegetable farming

Simon N. Groot, the late founder of East-West Seed and 2019 World Food Prize laureate, will be fondly remembered in Bangladesh on July 13 for his transformative contributions to the country's vegetable farming.Simon N. Groot, the Dutch agricultural pioneer, passed away peacefully on July 6 at his hometown in Enkhuizen...

Govt appoints administrators to two trade associations

The Ministry of Commerce (MoC) has appointed administrators to oversee operations at two trade associations, citing governance issues and non-compliance with regulatory requirements. The two associations are Bangladesh CNG Filling Station and Conversion Workshop Owners Association (CFSCWOA) and Bangladesh Acid Merchant Association (BAMA).Muhammad Rehan Uddin, acting director general of the...

JANATA BANK HONOURED AT 'E-GOVERNANCE AND INNOVATION SHOWCASING’

Janata Bank PLC secured the first position in the 'State-owned Commercial Bank' category for the successful implementation of the e-Credit Management System Innovation Action Plan 2025. The recognition was conferred by the Financial Institutions Division of the Ministry of Finance at a programme titled 'e-Governance and Innovation Showcasing 2024-25' held...

Seven & i posts stronger profit

TOKYO, July 10 (Reuters): Japan's Seven & i Holdings said on Thursday operating profit rose 9.7% in the March to May quarter, beating analysts' estimates, helped by improved performance by its overseas convenience stores business.The 7-Eleven operator is under pressure to improve its earnings in the face of a $47...