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

Titas to issue preferred stock amid record-breaking losses

State-owned Titas Gas is going to issue preference shares worth nearly Tk 3.52 billion against funds received from the government to comply with a four-year-old regulatory order.In this regard, Titas Gas will hold a board meeting on March 6 for fixing the date of extraordinary general meeting (EGM) to receive...

Zaheen Spinning sinks deeper into the red

Zaheen Spinning showed a 10-time higher loss in the second quarter of FY25, compared to the same quarter of the previous year, as its production remained closed. Its losses amounted to nearly Tk 123 million in the October-December quarter of FY25. A massive fire broke out at Zaheen Spinning at...

EBL refutes customer's claim

Eastern Bank has strongly refuted the allegation of fund embezzlement, which has been raised in a lawsuit filed by a customer, Murtoza Ali.The bank said Mr Ali unjustly implicated its board of directors and management committee, insisting that they had no involvement in the fraudulent activities.EBL denied the allegation at...

DCCI, Sharjah Chamber ink MoU for mutual benefits

Dhaka Chamber of Commerce and Industry (DCCI) and Sharjah Chamber of Commerce and Industry (UAE) on Thursday signed a memorandum of understanding (MoU) for mutual benefits of Bangladesh and the United Arab Emirates (UAE). President of the DCCI Taskeen Ahmed and Chairman of Sharjah Chamber Abdallah Sultan Al Owais signed...

UCB Investment secures The Asset Triple A Awards 2025

UCB Investment Limited (UCBIL) has secured all five eligible awards at The Asset Triple A Awards for Sustainable Finance 2025, according to a statement.The company was recognised as Best Bond Advisor and Best Equity Advisor under the Best Advisor Awards, along with Best Bond, Best Equity and Best Rights Issue...

MTB BANCASSURANCE HOSTS COMMUNITY ENGAGEMENT PROGRAM

Mutual Trust Bank (MTB) Bancassurance organised a community engagement programme at Gulshan Society Lake Park on Sunday to promote bancassurance and health awareness. The initiative was aimed at raising awareness among morning joggers about life and non-life insurance products that MTB offers in collaboration with Guardian Life Insurance Limited, Pragati...

Modhumoti Bank Risk Management Committee meeting held

The 42nd meeting of the Risk Management Committee of the Board of Directors of Modhumoti Bank PLC was held on Thursday. The meeting was presided over by Mostafa Kamal, Chairman of the Risk Management Committee. Members of the committee Sultana Jahan, and A. Mannan Khan, Managing Director & CEO Md....

Sonali Bank holds Business Conference in Sylhet -

Sonali Bank PLC, General Manager's (GM) Office, Sylhet, arranged a Divisional Business Conference at a city hotel on Thursday. MD & CEO of the bank Md. Shawkat Ali Khan attended the conference as the chief guest. GM of GM office, Sylhet, Md. Delower Hossain presided over the conference while Deputy...

Islamic Finance celebrates 24th anniversary

Islamic Finance and Investment PLC (IFIPLC) celebrated its 24th anniversary on Thursday. Abul Quasem Haider, Chairman of the Board of Directors of IFIPLC, inaugurated the celebration programme as the chief guest by cutting a cake at its Head Office in Dhaka. Vice Chairmen Mostanser Billa, Independent Directors Irteza Reza Chowdhury...

Shahjalal Islami Bank holds 892nd EC meeting

The 892nd meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee (EC). The members of the committee discussed various issues...

US copper futures rise as tariff worries mount

LONDON, Feb 27 (Reuters): US copper prices extended gains on Thursday, outperforming the London benchmark as worries about US import tariff plans inflated the regional premium and concerns about economic growth for the wider market.The most active May copper futures on the US Comex exchange rose 1 per cent to...

China steps up scrutiny of capital flows as yuan depreciates

SHANGHAI, Feb 26 (Reuters): Chinese authorities are rolling out fresh measures to limit capital flight, including increased scrutiny of overseas investments, as the yuan currency comes under mounting pressure.President Donald Trump's tariffs threats are heightening Sino-U.S. tensions and discouraging inbound foreign investment. The yuan has lost 2.2% to the dollar...