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

Why and how Iran-Israel war may deliver a blow to equity market

Bangladesh's equity market has not yet witnessed a significant impact of the Iran-Israel conflict, but experts and market operators fear that its escalation with the US stepping in will gradually start biting it. There are concerns that if the conflict intensifies further, global food and energy prices will rise, increasing...

Nasim Manzur, Tapan Chowdhury, Zareen Mahmud elected to MTB Board

Mutual Trust Bank (MTB) elected Syed Nasim Manzur and Tapan Chowdhury as directors and Zareen Mahmud Hosein as an independent director to its board, according to a statement.SYED NASIM MANZURSyed Nasim Manzur, an eminent Bangladeshi industrialist, is the managing director of Apex Footwear Limited, a leading leather footwear manufacturer and...

Acme Pesticides seeks more time to complete IPO fund utilisation

Acme Pesticides has sought another 18-month extension to fully utilise its IPO (initial public offering) fund as it failed to complete fund utilisation even within an extended time frame.The company has already used most of the IPO proceeds in line with the prospectus, but could not complete utilisation due to...

Ziad Shatara appointed as Robi CEO

Ziad Shatara has been appointed as managing director (MD) and CEO of Robi Axiata by the company's board of directors.The appointment is effective from September 1, according to an official statement of Robi. With over 30 years of experience in steering telecommunication businesses across diverse markets, including Jordan, Italy, Bangladesh,...

BD’s apparel exports to EU surge to $8.07b

Bangladesh's apparel exports to the European Union (EU) witnessed a notable surge, reaching US$8.07 billion during the January-April period of 2025, up significantly from $6.51 billion in the same period of 2024, reports UNB.This impressive growth represents a 23.98 per cent rise in the country's readymade garment (RMG) exports, largely...

Bengal Islami Life launches OPD Rider service

Bengal Islami Life Insurance Limited recently inaugurated the "Bengal OPD Rider (Outpatient Treatment)" service at a grand ceremony at the 3D Auditorium of Krishibid Institution Bangladesh at Farmgate in the capital. This outpatient treatment service will be provided to Bengal Islami Life's health takaful customers in collaboration with Milvik Bangladesh,...

Mercantile Bank to issue bonds worth Tk 8b

Mercantile Bank wants to raise Tk 8 billion by issuing subordinated bonds to strengthen its capital base under Basel-III compliance as per the Bangladesh Bank's December 2014 guidelines on risk-based capital adequacy.The bond issuance is subject to the approval of the regulatory authorities concerned- the Bangladesh Bank and the Bangladesh...

SOUTHEAST BANK'S REGIONAL CONFERENCE IN KHULNA

Southeast Bank successfully held its regional conference titled "Leadership Circle - 2025" on Sunday in Khulna, aiming to align strategic business goals, address operational challenges, and chart a future-focused roadmap for the Khulna region. The conference was attended by Mr. Mohammed Rashedul Amin, deputy managing director of Southeast Bank; Mr....

IFIC BANK ORGANISES CURRENCY MANAGEMENT WORKSHOP

IFIC Bank, the country's largest commercial bank in terms of branch and sub-branch network, organised a day-long workshop, titled "Currency Management by Scheduled Bank Branches" with the aim of making currency management in the bank more streamlined, disciplined, and modernised. The workshop was held on Saturday at the IFIC Training...

Janata Bank launches foundation course for officers

A 25-day Foundation Training Course for Officers (Batch 05/2025) organised by Janata Bank PLC began at the Janata Bank Staff College in the city recently. Managing Director of the bank Md Mazibur Rahman inaugurated the course. A total of 50 Senior Officers are taking part in the course.

IMF warns US strikes on Iran could disrupt global economy

JEDDAH, June 23 (Arab News): The International Monetary Fund has warned that US airstrikes on Iran could amplify global economic uncertainty, with potential spillovers far beyond energy markets, its head told Bloomberg on Monday.IMF Managing Director Kristalina Georgieva said that the fund is closely monitoring the situation in the Middle...

India’s business activity surges

BENGALURU, June 23 (Reuters): India's private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring.The HSBC Flash India Composite Purchasing Managers' Index (PMI), compiled by S&P...

Eurozone business activity almost flat again

BRUSSELS, June 23 (AFP): Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion-albeit at a slowing, sluggish pace, a closely watched survey showed Monday.The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 50.2, the same...

Saudi Arabia's non-oil industrial production up 5.3pc

RIYADH, June 23 (Arab News): Saudi Arabia's non-oil industrial activities posted robust growth of 5.3 per cent in 2024, highlighting the success of the Kingdom's economic diversification efforts under Vision 2030.The overall Industrial Production Index however declined by 2.3 per cent, driven primarily by a 5.2 per cent contraction in...