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

How ICB's dividend plan for FY25 may boomerang on unitholders

The state-run Investment Corporation of Bangladesh (ICB) has proposed that mutual funds (MFs) be allowed to distribute dividends from profits in the current fiscal year without meeting provisional requirements but experts say it will cause capital erosion. Both fund managers and unitholders will eventually endure consequences as the MFs will...

Govt measures imminent to make visible changes in market

Special assistant to the chief adviser, Dr Anisuzzaman Chowdhury has assured that the existing problems surrounding the capital market will be quickly resolved for its sustainable development.His assurance came on Sunday at a meeting at the Dhaka Stock Exchange (DSE). The newly-formed Capital Market Development Committee led by Mr Chowdhury,...

Indian shares log weekly gains on ceasefire with Pakistan, US deal hopes

India's benchmark equity indexes posted a weekly rise as investors cheered a truce with Pakistan, trade talks with the United States and expectations of domestic interest rate cuts, reports Reuters.The Nifty 50 rose 4.21 per cent to 25,019.80 for the week and the BSE Sensex gained 3.62 per cent to...

IPDC Finance holds 100th board audit committee meeting

IPDC Finance PLC has marked a major milestone in its journey of corporate governance with the successful conclusion of its 100th Board Audit Committee meeting on May 13, says a statement. This landmark 100th session has been convened under the leadership of Sarwar Azam Khan, Chairman of Board Audit Committee,...

S Arabia’s expat remittances hit near 9-year high at $4.13b

RIYADH, May 18 (Arab News): Expatriate remittances from Saudi Arabia soared to SR15.5 billion ($4.13 billion) in March 2024, marking a 29.61 per cent year-on-year increase.According to data released by the Saudi Central Bank, also known as SAMA, this is the highest monthly level recorded in nearly nine years.The surge...

Pubali Bank launches Co-Branded Card with BUET

Pubali Bank launches co-branded card with the Bangladesh University of Engineering and Technology (BUET). The exclusive card launching ceremony was attended by BUET Vice Chancellor Professor Dr. Abu Borhan Mohammad Badruzzaman as chief guest. Pubali Bank Managing Director and CEO Mohammad Ali presided over the event.

Modhumoti Bank donates for education

Modhumoti Bank donated Tk. 5 million to four educational institutions in Konkapoit, Chauddagram upazila, Cumilla under the bank's CSR programme. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank, handed over the cheques to the representatives of the institutions.

Southeast Bank Signs MoU with National Pension Authority

Southeast Bank has signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA) to facilitate the collection of monthly contributions under the Universal Pension Scheme (UPS). The agreement was signed at a ceremony at the Finance Department, Ministry of Finance, Dhaka on May 15. This strategic partnership enables...

ICAB team meets CIPFA members in the UK

A two-member delegation of the Institute of Chartered Accountants of Bangladesh (ICAB), led by its President Maria Howlader, recently held a meeting with the team of the Chartered Institute of Public Finance and Accountancy (CIPFA), UK at the Chartered Accountants' Hall in London, UK. The other member of ICAB delegation...

Chartered Life Ins signs deal with Generic Healthcare

Chartered Life Insurance PLC has recently signed an agreement with Generic Healthcare Ltd. CEO (Acting) of Chartered Life Mohammed Amdad Ullah and Founder, Managing Director & CEO of Generic Healthcare Ltd Dr Faisal Rahman signed the agreement on behalf of their respective organisations. Under the deal, policy holders of Chartered...

Department of Environment organises DRAWING competition

The Department of Environment organised a drawing competition for children and adolescents at the Bangladesh Shilpakala Academy on Saturday. The competition, marking the World Environment Day, focused on the theme "Say No to Plastic Pollution". The event was attended by Director General (DG) of Department of Environment Dr Md Kamruzzaman,...

Some Chinese companies eye Singapore listings to expand markets amid trade war

SINGAPORE, May 18 (Reuters): At least five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in Southeast Asia amid global trade tensions.The companies include a...

China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan

BEIJING, May 18 (Reuters): China on Sunday announced anti-dumping duties as high as 74.9 per cent on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.The commerce ministry's findings conclude a probe launched in May 2024, shortly after the US...