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

Walton's free float surges to 30pc: What does it mean to investors?

Free float of Walton Hi-Tech Industries was 1.49 per cent even six months back. Then by January this year, the number of publicly tradable shares jumped to more than 30 per cent. The free float increased so quickly, as six sponsor-directors gifted shares to their family members to comply with...

Green Delta's profit plunge on decline in premium income

The country's largest private general insurance company Green Delta Insurance has reported an 11.78 per cent lower profit to Tk 540 million for 2024, compared to the year before, as its premium income fell.However, the company has declared a 25 per cent cash dividend for shareholders for 2024, as much...

BB governor expects record remittance inflow this year

Bangladesh is on track to set a record for inward remittances through legal channels this year, as expatriates regain trust in the banking system, said Bangladesh Bank Governor Dr Ahsan H Mansur, reports UNB.The governor made the remarks while addressing concerns over recent media reports alleging loan irregularities involving an...

Berger Paints signs deal with Sheltech Group

Berger Paints Bangladesh Ltd has entered into a significant partnership with Sheltech Group, a leading local conglomerate in Bangladesh, says a press release. The agreement was signed by Md Sharif Hossain Bhuiyan, Executive Director (Operations), Sheltech (Pvt) Ltd and AKM Sadeque Nawaj, Chief Business Officer, Berger Paints Bangladesh Ltd at...

MUTUAL TRUST BANK SPONSORS 'CQ UNIVERSITY AUSTRALIA EDUFEST'

Mutual Trust Bank (MTB) was the title sponsor of the "CQ University Australia EduFest", presented by Pacific Global Network. The event took place at a renowned five-star hotel on Monday. During the event, over 800 students received counselling on higher education opportunities and the process of remitting study-related payments abroad....

MIDLAND BANK INAUGURATES GAZIPUR BRANCH

Midland Bank (MDB) inaugurated its Gazipur branch at Smart Plaza, Holdin No: 154/1, Joydebpur Bazar Road, Ward No: 26, Gazipur City Corporation, on Wednesday. The bank's Managing Director & CEO Md. Ahsan-uz Zaman inaugurated the branch as chief guest along with Head of Institutional Banking Division Javed Tarek Khan, Head...

DHAKA BANK, DMTCL SIGN CRM INSTALLATION DEAL AT METRO STATIONS

Dhaka Bank entered into a strategic partnership with Dhaka Mass Transit Company Limited (DMTCL) to install cash recycling machines (CRM) at 16 stations along the MRT Line-6 of metro rail. The agreement was formalised at a signing event on Wednesday at DMTCL's headquarters, Metrorail Bhaban, Diabari Depot, in the capital's...

Union Insurance Company Settled Fire Insurance Claim

Talukder Md Zakaria Hossain, CEO of Union Insurance Company Ltd, handed over a fire insurance cheque to proprietor of Dhaka Bangabazar's fire -gutted M/S NAZ SHOES' Md. Saifur Rahman, at a function recently. Head of Claim Mohammad Azad Hossain and Company Secretary Shafquat Moula were present on the occasion, among...

South Asia Ins holds annual business confce

The "Annual Business Conference-2025" of the South Asia Insurance Company Limited was held at a city hotel recently. The conference was presided over by chief executive officer of the company Muhammad Nurul Alam Chowdhury. Chairman, Directors, head of all branches and senior executives of the company attended the event.

National Bank holds annual general meeting

The 40th and 41st Annual General Meetings (AGM) of National Bank Limited were held at a city convention centre on Wednesday. The meeting was presided over by Abdul Awal Mintoo, Chairman and Sponsor Director of the bank. Also present were Moazzam Hossain, Vice Chairman and Sponsor Director; Zakaria Taher, Chairman...

Southeast Bank holds workshop on "Meet with The Trade Leaders"

Southeast Bank Training Institute has recently organised a day-long workshop on "Meet with The Trade Leaders." Managing Director of the bank Nuruddin Md Sadeque Hossain inaugurated the workshop as the chief guest. A total of 32 officials from different branches of the bank participated in the workshop.

UCB PLC holds 506th board Meeting

Sharif Zahir, Chairman of United Commercial Bank PLC (UCB PLC), presides over the 506th Meeting of the Board of Directors of the bank, at its Corporate Office in the city on Wednesday. Among others, Vice-Chairman of the Board Md Shazzad Hossoin; Executive Committee Chairman of the Board Md Tanvir Khan;...

Train operation on Jamuna Rly Bridge begins

SIRAJGANJ, Feb 12 (UNB): The much-awaited train operation on the newly built railway bridge over the Jamuna River has begun.The Dhaka-bound intercity train 'Silk City Express' from Rajshahi crossed the bridge at 11:17am on Wednesday and reached the Tangail end at 11:24 am, making history as the first train to...

Trump tariffs a 'lose-lose' for emerging Asia

ORLANDO, Florida, Feb 11 (Reuters): US President Donald Trump loves tariffs and big numbers, so it's no surprise that the first targets in his trade war have been economies that boast the biggest trade surpluses with the United States in dollar terms.But if America's bilateral deficits are measured as a...

Asian stocks mostly rise as Powell rate warning taken in stride

HONG KONG, Feb 12 (AFP): Most equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank "did not need to be in a hurry" to cut interest rates again.The remarks, reflecting similar sentiments from another...