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

Refiners want market-determined edible oil pricing mechanism

Local refiners have sought withdrawal of the existing government intervention in fixing edible oil prices and allow the sector to operate under a market-based pricing mechanism.According to them, the existing administrative price controls disrupt supply security and discourage investment in the country's edible oil sector.To protect the interests of both...

BB, UCB sign deal to provide easy loans for CMSMEs

Small entrepreneurs can obtain loans at an interest rate of just 7 per cent through United Commercial Bank PLC (UCB).UCB has signed an agreement with Bangladesh Bank to expand easy-term, low-interest financing for cottage, micro, small, and medium enterprises (CMSMEs) across the country, says a press release.Bangladesh Bank provides refinancing...

First-ever discount festival to be held in Dec

A three-day shopping festival offering consumers exclusive access to massive retail discounts under one roof will be held in Dhaka this December.The event styled 'Dhaka Discount Fest 2026' will take place from December 10 to 12 at the Bangladesh-China Friendship Conference Center (BCFCC) in Agargaon.The festival is expected to bring...

Delay in DP World's NCT deal may affect BD-UAE commitments

CHATTOGRAM, July 01: Chittagong Port Authority (CPA) Chairman Rear Admiral SM Moniruzzaman said the proposed involvement of UAE state-owned port operator DP World in managing Chattogram Port's New Mooring Container Terminal (NCT) is part of a broader Bangladesh-UAE partnership, warning that prolonged delays could affect commitments between the two governments.Speaking...

ISLAMI BANK LAUNCHES CUSTOMER SERVICE MONTH

Islami Bank Bangladesh PLC has launched 'Customer Service Month' with the slogan 'Building the Future Bangladesh in the March of Welfare-Oriented Banking'. Md. Altaf Hossain, acting Managing Director of the bank, inaugurated the campaign as the chief guest at Islami Bank Tower on Wednesday. Engineer Mohammad Jamal Uddin Mazumder, Additional...

Mohammed Masud Karim and Shabbir-Ul-Kabir

Mohammed Masud Karim and Shabbir-Ul-Kabir, who were elected chairman and vice-chairman of Central Insurance PLC, respectively, are greeted with a bouquet at the 270th board meeting of the company held on Tuesday. They have been elected for two years effective from July 1.

World Bank to phase out lending to China by 2031

WASHINGTON, United States, June 01 (AFP): The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.The source confirmed an earlier report of the development by the Financial Times."China has made...

IPDC FINANCE, BTI PARTNER TO ENHANCE HOME FINANCING SOLUTIONS

IPDC Finance PLC has signed an MoU with Building Technology & Ideas Ltd (bti) to expand access to home financing. The MoU was signed by Mohammad Monirul Islam, Head of Retail Business of IPDC Finance, and Mashrur Hasan Mim, Executive Director, Marketing of Building Technology & Ideas Ltd. Under the...

Container ship runs aground in Strait of Hormuz

Dubai, July 01 (UNB/AP) - A foreign container ship ran aground in the Strait of Hormuz after allegedly failing to follow a route approved by Iran, Iranian state television reported on Wednesday, as technical talks aimed at ending the Iran-US conflict got underway in Qatar.Iranian state media identified the vessel...

Trump earned over $1b from crypto ventures in 2025, filings show

NEW YORK, July 1 (AFP): President Donald Trump recorded around $1.2 billion in income from his cryptocurrency activities in 2025, according to documents released Tuesday by the US Office of Government Ethics.A 1978 law requires the president and vice president of the United States to declare their income as well...