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

Falling yields give fresh bout of energy to T-bond secondary market

Trading in Treasury bonds in the secondary market has surged by 64 per cent year-on-year to Tk 537 million in the July-September quarter, against the backdrop of declining yields of the debt securities.Bond prices are inversely related to interest rates, so sellers now see an opportunity to make capital gains.Long-term...

LankaBangla Finance posts 37pc profit drop, skips dividend for 2024

LankaBangla Finance has announced no dividend for 2024 after posting a 37.25 per cent year-on-year decline in profit to Tk 274.8 million.The announcement came as a major disappointment for shareholders, who had expected stronger results in 2024 compared with the previous year.By the end of the first nine months of...

BD achieves milestones in local currency bond market reforms: IMF

The International Monetary Fund (IMF) has noted that Bangladesh has achieved a significant progress in the development of local currency bond market, reports BSS.The multilateral lender in its Global Financial Stability Report released on Wednesday observed that confronted with higher financing needs and falling concessional flows, Bangladesh identified local currency...

Govt moves to digitise visa fee payments, says BIDA Chief

Executive Chairman (State Minister) of the Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun said on Wednesday that the government is undertaking significant efforts to modernise its visa system by digitising fee payments and refining overall visa policy, reports BSS."Substantial work is currently underway to digitize the payment...

Maj Gen Md Moazzem Hossain joins BEPZA as Executive Chairman

Major General Mohammad Moazzem Hossain has joined the Bangladesh Export Processing Zones Authority (BEPZA) as its 18th Executive Chairman, reports BSS. He has joined the Chief Adviser's Office as Executive Chairman of BEPZA. He succeeded Major General Abul Kalam Mohammad Ziaur Rahman.Prior to joining BEPZA, Major General Moazzem Hossain served...

Canadian HC visits Ctg Port

CHATTOGRAM, Oct 15: Canadian High Commissioner (HC) to Bangladesh Ajit Singh, along with his delegation, paid a courtesy visit to Chittagong Port, the prime seaport of the country. He was accompanied by Debra Boyce, Senior Trade Commissioner, and Marcu Davies, Political Counsellor.The delegation met with Commodore Ahmed Amin Abdullah, Member...

Association of Insurance Executives elects new committee

The Association of Insurance Executives held a meeting on Monday to elect its new executive committee for a two-year term, effective from December 29, 2025.The meeting unanimously elected Md. Hafiz Ullah, independent director of Karnaphuli Insurance Company Limited and Meghna Life Insurance Company Limited, as president of the association, and...

Habibur Rahman new DMD of NCC Bank

Md. Habibur Rahman has joined NCC Bank as deputy managing director (DMD) on Monday.Prior to this, he served as SEVP & head of Wholesale Banking Division-02 at Mutual Trust Bank (MTB), where he played a key role in expanding the corporate and institutional banking business, according to a press statement.In...

Md. Mahbub Alam joins Southeast Bank as AMD

Md. Mahbub Alam joined Southeast Bank as additional managing director (AMD) on Tuesday.Prior to joining Southeast Bank, he served as a deputy managing director at NCC Bank, according to a press statement.He started his career with the Bangladesh Institute of Development Studies in 1995. His banking career started with Uttara...

PRIME BANK PARTNERS WITH DUSAI RESORT & SPA TO OFFER DISCOUNTS

Prime Bank has entered into a strategic partnership with Dusai Resort & Spa to provide exclusive benefits for its valued debit cardholders. A signing ceremony to mark the partnership was recently held at Prime Bank's corporate office in the capital. Through this collaboration, Prime Bank's Visa Signature, Visa Platinum, MasterCard...

MTB LEADS 'CASHLESS BANGLADESH' CAMPAIGN

With the objective of advancing the Cashless Bangladesh initiative and expanding digital transactions through Bangla QR, Mutual Trust Bank (MTB), as the lead bank, successfully organised a two-day seminar, campaign, and roadshow titled "Cashless Bangladesh" in Bogura. The programme brought together officials from the Bangladesh Bank, Visa representatives, merchants, and...

JAMUNA BANK PARTNERS WITH BKASH for AUTOMATED CASH MANAGEMENT SERVICES

Jamuna Bank signed an agreement with bKash to provide 24/7 cash management services for bKash distributors, agents and merchants. The signing ceremony took place on October 15 at Jamuna Bank's head office in Gulshan, Dhaka, with Mirza Elias Uddin Ahmed, MD & CEO of Jamuna Bank, and Kamal Quadir, CEO...

Bengal Islami Life Ins holds annual conference

Bengal Islami Life Insurance Limited held its Annual Conference-2025 at a local hotel in Cox's Bazar on Thursday. The event was presided over by the company's Chief Executive Officer MM Monirul Alam. More than 600 successful development officers from across the country participated in the conference. The chief guest of...

Dhaka Regency celebrates 'Local Culinary Heritage'-

Dhaka Regency Hotel & Resort has announced a special culinary event titled 'The Local Culinary Heritage of Bangladesh', to celebrate the rich and diverse flavours of Bangladeshi cuisine. The event, which began on Wednesday will run until October 25, will take place every day from 6:30pm to 10:30pm. It aims...

Sonar Bangla Ins elects new chairperson, vice-chairperson

Md Motaleb Hossain has been unanimously elected as Chairperson and Shahidul Islam Niru as Vice-Chairperson of Sonar Bangla Insurance Limited.This was disclosed at the 149th meeting of the board of directors of the company held in the city Monday, says a press release. Md Motaleb Hossain, Sponsor Director of Sonar...