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

Equity market shrinks more than 37pc in 16 years: DBA

Bangladesh's stock market, if adjusted to inflation, has been reduced by 37.6 per cent in the past 16 years, according to a research paper of the DSE Brokers Association of Bangladesh (DBA). The annual average return of the index was 4.2 per cent between 2009 and 2024 whereas average inflation...

Meghna Petroleum's profit surges 68pc on high bank deposit income

State-run Meghna Petroleum registered a 68 per cent year-on-year growth in profit to Tk 1.63 billion in the October-December (Q2) quarter of FY25, backed by a jump in operating profit and non-operating income.Non-operating income, however, played a pivotal role in pushing up the profit in the quarter.The company's operating profit...

Sida pledges support for Bangladesh to secure EU trade preferences

Swedish International Development Cooperation Agency (Sida) expressed its desire to support Bangladesh in qualifying for EU's trade preferences. Dr. Jakob Granit, Director-General of Sida, mentioned this intention during his visit to Bangladesh. "Bangladesh is on a solid path of reform and development. We wish to build a broader partnership with...

All urged to work for keeping commodity prices under control

Commerce Secretary Mahbubur Rahman urged all concerned on Wednesday to work sincerely for keeping the prices of commodities under control in the country, reports BSS.Mahbubur made the call while exchanging views with the officials of the Ministry of Commerce and the chiefs of the various departments and agencies under the...

Peoples Ins gets new director

Mohammed Mizan Victor Mohsin was appointed as a new director of Peoples Insurance Company Limited at the 442nd meeting of the board of directors on Wednesday.Mr. Mohsin is the son of Mohammed Mohsin, vice-chairman of the PHP family, according to a press release.He completed his graduation in psychology and marketing...

SOUTHEAST BANK HOLDS TRAINING WORKSHOP ON OEMS

Southeast Bank organised a training workshop titled "Importance of timely and errorless reporting of export transactions in Online Export Monitoring System (OEMS)" at the bank's training institute in the capital recently. Nuruddin Md. Sadeque Hossain, managing director of the bank, inaugurated the workshop. A total of 70 officers from various...

MTB INAUGURATES 121ST BRANCH AT LOHAGARA, NARAIL

Mutual Trust Bank (MTB) opened its 121st branch in Lohagara, Narail recently. Syed Mahbubur Rahman, managing director & CEO of the bank, inaugurated the branch as chief guest. Md. Khalid Mahmood Khan, additional managing director & CBO; Abdul Mannan, deputy managing director & head of branch banking division; Mirza Hashibul...

SCHOOL BANKING CONFERENCE- 2025 IN BHOLA

The School Banking Conference- 2025 was held in Bhola on Saturday, aimed at encouraging school students to develop a habit of saving. Imtiaz Ahmad Masum, director of the Bangladesh Bank in Barishal, attended the conference as chief guest. Mirza Azhar Ahmad, deputy managing director & chief operating officer (COO) of...

AGRANI BANK FOUNDATION COURSE ENDS -

The certificate distribution ceremony of a 30-day foundation course organised by the Agrani Bank Training Institute (ABTI) was held on Wednesday. Agrani Bank's Chief Executive Officer Md Anwarul Islam was present as the chief guest and Deputy Managing Director Md Abul Bashar as a special guest. ABTI Director and Deputy...

Standard Bank holds its 407th Board Meeting

The 407th Board Meeting of Shari'ah-based Standard Bank PLC was held on Wednesday at its Head Office in Dhaka. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. It was attended by Vice Chairman A K M Abdul Alim, Director & Founder Chairman Kazi Akram Uddin...

Hajj Finance Company holds customers' gathering

Hajj Finance Company Limited, a Shariah-based Bangladesh-Malaysia joint venture non-banking financial institution, held a customers' gathering at the company's head office in the city on Wednesday. Chairman of the company Dr Abu Tweb Abu Ahmed was present as the chief guest at the gathering while Vice-Chairman ABM Zahurul Huda was...

Stocks, dollar jump as House advances Trump's tax cut plans

LONDON, Feb 26 (Reuters): Global shares and the dollar rose on Wednesday after House Republicans advanced U.S. President Donald Trump's tax cut plans, while Treasury yields nudged higher after the previous day's sharp fall.The Republican-controlled U.S. House of Representatives late on Tuesday narrowly passed Trump's $4.5 trillion tax-cut plan, sending...