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

BIDA rolls out initiative to draw a stream of investments

As a unique move, the country's apex investment promotion agency Bangladesh Investment Development Authority (BIDA) recently introduced a dedicated team of relationship managers comprising private sector professionals to facilitate an investor's journey from seeking information to establishing an industry.The Investor Relationship Management (IRM) team under a public-private exchange programme, which...

HSBC launches Export Excellence Awards

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh has announced the launching of the 'HSBC Export Excellence Awards 2025'.The programme recognises and honours exporters from Bangladesh for their contribution to the sustainable growth of Bangladesh. Exporters will be able to nominate themselves for the title of 'Exporter of the...

Prime Bank Investment and Amanie Advisors sign MoU

Prime Bank Investment (PBIL), a leading investment bank, has entered into a strategic alliance with Amanie Advisors, a leader in Shariah advisory, to accelerate the development of Bangladesh's Shariah-compliant investment landscape. This is a pioneering cross-border B2B partnership that aims to catalyze Islamic investments in Bangladesh. Syed M Omar Tayub,...

SOCIAL ISLAMI BANK HOLDS 30TH ANNUAL GENERAL MEETING

The 30th Annual General Meeting (AGM) of Social Islami Bank PLC was held virtually on Monday. Chairman of the Board of Directors of the bank Prof. M. Sadiqul Islam chaired the meeting. Vice Chairman Maksuda Begum along with Board of Directors, Chairman of the Shari'ah Supervisory Committee, Managing Director Shafiuzzaman...

Meeting on loan distribution progress in CMSME sector held at Rupali Bank

A meeting on the progress of loan distribution in the CMSME sector was held at the head office of state-owned Rupali Bank PLC in Dilkusha, Dhaka, on Monday. All the branch managers were virtually instructed from the headquarters to achieve the loan distribution target in the sector. Managing Director of...

Saudi bank lending hits record $850b on corporate demand

RIYADH, Aug 18 (Arab News): Saudi banks' outstanding loans reached SR?3.2?trillion ($849.7 billion) in June, marking a 15.8 per cent increase compared to the same month of 2024. According to data from the Saudi Central Bank, known as SAMA, the majority of this growth, some 76 per cent, was driven...

Singapore key exports slip in July as US shipments tumble 42.7pc

SINGAPORE, Aug 18 (AFP): Singapore's non-oil domestic exports slipped 4.6 per cent in July from a year earlier, government data showed Monday, as shipments to the United States plunged by more than 40 per cent.Southeast Asia's second-largest economy is heavily reliant on international trade and is vulnerable to any global...