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

SME index up 43pc in 6 months without a fundamental driver

The SME stock index soared more than 43 per cent in the six months through June 22 this year, driven largely by abnormal gains in most stocks despite weak corporate earnings and the absence of significant business developments.Data shows that 17 out of the 20 listed SME stocks registered gains...

BSEC clears way for Beximco Pharma board meeting to avert LSE delisting

The securities regulator has granted special clearance to Beximco Pharmaceuticals so it can hold a vital board meeting to stave off delisting from the London Stock Exchange (LSE).The permission was formally given on Sunday through a letter, according to a stock exchange filing on Monday.Consequently, Beximco Pharma has scheduled its...

IPDC Finance's price surge draws regulatory scrutiny

The stock market watchdog ordered the Dhaka Stock Exchange (DSE) to find out why the share price of non-bank financial institution IPDC Finance surged 57 per cent in just 14 trading sessions without any apparent disclosure.The shares of IPDC Finance were trading at just Tk 18.9 on June 1 and...

A.K.M. Tareq appointed as DMD of MTB

A.K.M. Tareq has joined Mutual Trust Bank (MTB) as deputy managing director & head of the branch banking division. Tareq brings over 29 years of banking experience across functions of branch banking, corporate banking and credit risk management, according to a press statement.Prior to joining MTB, he served as senior...

London shares slip after PM Starmer says will resign

London's domestically focussed FTSE index slipped to a one-week low on Monday, bogged down by political uncertainty after Prime Minister Keir Starmer said he will resign, reports Reuters.The internationally focussed FTSE 100 index slipped 0.1 per cent by 0930 GMT, while the midcap FTSE 250 dropped 0.7 per cent.Greater Manchester...

MIDLAND BANK CELEBRATES 13TH ANNIVERSARY

Midland Bank (MDB), a fourth-generation private commercial bank in Bangladesh, observed its 13th anniversary on Sunday through a "Quran Khatam and Doa Mahfil", seeking blessings for the continued progress and prosperity of the bank. The programme was held at the bank's head office in Gulshan-2, Dhaka. Imtiaz U. Ahmed, managing...

PRIME BANK INKS DEAL WITH RAY WHITE TO OFFER DISCOUNTS FOR CUSTOMERS

Prime Bank has signed an agreement with Ray White to offer exclusive discounts and special benefits to its customers. The agreement signing ceremony was held recently at Rupayan Shopping Square, Bashundhara, Dhaka. Under this partnership, Prime Bank customers will enjoy exclusive discounts on products and services offered by Ray White....

BGIC HOLDS 41ST ANNUAL GENERAL MEETING

The 41st Annual General Meeting (AGM) of Bangladesh General Insurance Company PLC (BGIC) was held on a virtual platform from the company's Head Office recently. Chairman of the company Towhid Samad presided over the meeting. BGIC, the first non-life insurance company in the private sector of Bangladesh, approved 11% cash...

Helio 46 smartphone launched

Smartphone brand Helio has launched its latest handset, the Helio 46, which combines impressive performance, a vibrant display, and advanced camera technology at an affordable price. The Helio 46 runs on the latest Android 16 operating system, offering users access to Google's newest features and a user-friendly interface, says a...

Hong Kong seeks to expand investment, IPO access for Chinese investors

Hong Kong is in discussions with Chinese authorities to broaden cross-border investment channels and grant mainland investors access to local initial public offerings, according to remarks from Financial Secretary Paul Chan in interviews with Chinese media outlets, reports Reuters.The proposals being discussed with the mainland include lowering entry thresholds for...

Most Gulf markets edge higher

Most Gulf markets inched higher on Monday after Iranian negotiators reported progress in peace talks with the United States, soothing fears that the process was faltering, reports Reuters.The first round of talks between senior US and Iranian officials in Switzerland concluded on Monday, mediators said, after a fraught opening marked...