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

Bank Asia's acquisition of Alfalah expected to boost profit

Bank Asia has finally signed a memorandum of understanding (MoU) with Karachi-based Bank Alfalah to acquire the latter's Bangladesh chapter more than a year after the board of the former approved the acquisition. The deal was signed on Wednesday at the Bank Asia's corporate office in the capital, subject to...

Anisuzzaman promises budgetary support to market

Chief Advisor's special assistant Dr. Anisuzzaman Chowdhury has promised budgetary support to help revive the country's ailing capital market.His assurance came on Thursday at a meeting held with representatives from different associations of general investors at the office of the Bangladesh Securities and Exchange Commission (BSEC).Referring to what Anisuzzaman had...

Shahjalal Islami Bank looks to raise Tk 6b through bonds

Shahjalal Islami Bank wants to raise Tk 6 billion through 4th Mudaraba 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 -- Bangladesh Bank and...

Shariah advisory council, committee dissolved

The securities regulator has discarded the Shariah advisory council and its selection committee to facilitate the issuance of fresh Shariah-compliant securities.The Bangladesh Securities and Exchange Commission (BSEC) on Thursday dissolved the committees by issuing two directives.As per the Bangladesh Securities and Exchange Commission (Securities Market Shariah Advisory Council) Rules 2022,...

Light engineering expo kicks off

A two-day Bangladesh Light Engineering Expo 2025 kicked off in Dhaka on Thursday, aiming to boost the local light engineering sector by connecting domestic producers with international buyers and exploring new growth opportunities.The Bangladesh Engineering Industry Owners Association (BEIOA) in collaboration with the government's Export Competitiveness for Jobs (EC4J) Project...

'Market Intelligence Platform' launched to facilitate market access

Adoption of advanced technological knowhow is crucial for production in major sectors like garments, leather, footwear, plastics, and light engineering, as it can strengthen Bangladesh's position in the global market, speakers said on Thursday.They also called for better information resources for ensuring greater interactions between buyers and sellers and upgrading...

Workshop on 'Capacity Building of Textile Businesses'

Midland Bank PLC organised a training workshop titled 'Capacity Building of Textile and Apparel Businesses in Bangladesh under the Green Supply Chain Transition Programme' at a hotel in Dhaka on Wednesday. The event was supported by Global Supply Chain Support Fund, a joint initiative of Aavishkaar Capital, India, and KfW,...

UCB BOARD MARKS 513TH MEETING

United Commercial Bank (UCB) held its 513th board meeting. During the session, the board reviewed and approved the audited financial statements for the year ending 2024, along with the unaudited results for Q1 2025. In a strategic move, the UCB board resolved not to declare dividends for 2024, and will...

NCC BANK INAUGURATES SHARIAH-BASED MURADPUR BRANCH IN CTG

NCC Bank's Muradpur branch in Chattogram was inaugurated on Thursday for full-fledged Islamic banking operations. Md. Nurun Newaz Salim, chairman, NCC Bank, inaugurated the branch as chief guest. Abdus Salam, vice chairman; Khairul Alam Chaklader, chairman of the executive committee; and Syed Asif Nizamuddin, director; participated at the inauguration ceremony...

DHAKA WOMEN CHAMBER HOLDS ANNUAL GENERAL MEETING

The Annual General Meeting-2024 of Dhaka Women Chamber of Commerce & Industry (DWCCI) was held at Gulshan North Club in Dhaka on Wednesday, with its President Naaz Farhana in the chair. Sr. Vice President Sajeda Minhaz Mukul, Vice President Sharif Sene Shambil, General Secretary Rozana Wahab along with other members...

Google begins direct online sales of Pixel phones in India

NEW DELHI, May 29 (Reuters): Google on Thursday began direct online sales of its popular hardware devices in India, including Pixel phones, watches and earbuds, ahead of an anticipated launch of its first physical stores in the South Asian nation.The Alphabet -owned firm said it has for the first time...

Asian equities boosted by US court's tariff ruling

HONG KONG, May 29 (AFP): Asian stocks rallied with US futures Thursday after a US court blocked Donald Trump's sweeping global tariff blitz, dealing a hefty blow to the president's signature trade policy and providing some much-needed relief.The ruling provided an extra shot in the arm for investors already upbeat...