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

Regulator "over-dependent" on task force for urgent reforms

Market intermediaries accuse the securities regulator of having shifted its responsibilities to the Financial Institutions Division (FID) and task force so that it does not have to take the blame for any misstep. The Bangladesh Securities and Exchange Commission (BSEC) in October formed the task force for suggesting market reforms....

Does Far Chemical's elevated status portray its true picture?

Far Chemical Industries will be elevated to the status of B category stock from existing Z category as it has paid 1 per cent dividends to investors.Earlier, the stock market watchdog placed it on the list of junk stocks for the company's failure to disburse the dividends it had recommended....

DBA at loggerheads with CSE over extended trading time

Stock brokers of the Dhaka bourse have urged the Chittagong Stock Exchange (CSE) to withdraw its decision extending its trading period by 45 minutes, which will come into effect on January 26.The port city bourse on Wednesday sent letters to its brokerage firms informing them of the revised trading period.Presently,...

Abdul Mannan becomes DMD of MTB

Abdul Mannan has recently became Mutual Trust Bank's (MTB) deputy managing director (DMD), according to a statement.Prior to the promotion with effect from January 01, he served as senior executive vice president and head of MTB's Branch Banking Division.With over 17 years of dedicated service at MTB, Mr Mannan has...

DBBL to issue bonds worth Tk 12b

The market watchdog approved the proposal of Dutch-Bangla Bank Limited (DBBL) to float subordinated bonds worth Tk 12 billion.The listed private commercial bank disclosed the information in a filing on Wednesday. The bank took the decision to float its 5th installment subordinated bonds in December 2023. The Bangladesh Securities and...

TRUST BANK RELOCATES BRANCH, RENAMES IT 'ARMY STADIUM BRANCH'

Trust Bank relocated 'Army Stadium Branch', which was previously located at and named after Radisson Water Garden Hotel. Major General Md Masudur Rahman, ndc, psc, Adjutant General, Bangladesh Army, and vice chairman, Trust Bank, inaugurated the new premises of the branch at the capital's Captain's World - 2, Banani, Airport...

Asian traders cheer Trump AI pledge but China tariff woes return

HONG KONG, Jan 22 (AFP): Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump's first full day in office amid hopes he will take a more cautious approach on trade than initially feared.Software investment giant SoftBank soared more than 10 percent-leading Tokyo-listed...

Remove tariff, non-tariff barriers

The businessmen of Bangladesh and Pakistan on Wednesday called upon their respective governments to remove all tariff and non-tariff barriers to boost bilateral trade for the mutual benefit of the two brotherly countries. They made the request during a business-to-business (B2B) meeting at the Gulshan office of the Federation of...

StanChart empowers 3,500 farmers

Standard Chartered Bangladesh, in collaboration with Sustainable Agriculture Foundation Bangladesh (SAF Bangladesh), has successfully developed two farming smart model villages in Rangpur District, says a press release. This transformative initiative aims to uplift underprivileged rural communities by fostering sustainable agriculture and creating opportunities for growth. Through this programme, over 3,500...

Two-day basic training on PPP conducted for key transport, infrastructure agencies

A two-day basic training session on Public-Private Partnerships (PPP) was successfully conducted at the Public-Private Partnership Authority (PPPA) office in Agargaon, says a press release. The training programme was designed for key agencies involved in Bangladesh's transportation and infrastructure sectors, including the Department of Roads & Highways (RHD), Bangladesh Road...

Shariah supervisory board meeting of IDLC Asset Management held

The 21st Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently with Dr Syed Muhammed Emdad Uddin in the chair, says a press release. Dr M Mahabbat Hossain, Prof Mamtaz Uddin Ahmed, Dr Muhammad Manzur-E-Elahi and Mufti Yusuf Sultan (other...

EXECUTIVE COMMITTEE MEETING OF ANSAR-VDP UNNAYAN BANK -

206th meeting of the Executive Committee of the Board of Directors of Ansar-VDP Unnayan Bank was held on Monday with Chairman of Ansar-VDP Unnayan Bank and Director General of Bangladesh Ansar and Village Defense Party Major General Abdul Motaleb Sazzad Mahmud in the chair. Managing Director Mir Mofazzul Hossain and...

Pubali Bank opens Islamic Banking Corner

Pubali Bank PLC has initiated the establishment of 'Islamic Banking Corners' nationwide to meet the growing demand for Islamic banking services. Through these corners, customers will have easy access to a full range of Islamic banking services. In this regard, a modern and customer-friendly 'Islamic Banking Corner' was inaugurated at...

Expo Paint and Coatings - Dhaka opened at ICCB Hall

Expo Paint and Coatings - Dhaka was opened at the ICCB Hall 1 on Tuesday. Mohsin Habib Chowdhury, President of BPMA, inaugurated the event as the chief guest while Kamal Ahmed, Chairman of Bangladesh Paints, Dyes, and Chemicals Merchants Association, was the guest of honour. This flagship event brought together...

China vows to defend 'interests' against Trump tariff threats

BEIJING, Jan 22 (AFP): China on Wednesday vowed to defend its "national interests" against tariff threats from US President Donald Trump after warned he could impose a 10 per cent duty on imports from the country by the end of next week.Trump, speaking to reporters at the White House a...