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

ESG reporting gains pace among Bangladeshi companies

The number of Bangladeshi firms more than doubled to 16 in terms of reporting on Environmental, Social and Governance (ESG) compliance in the last two years, according to Bloomberg. ESG is the most recognised sustainability matrix worldwide, and the global investment data provider Bloomberg leads in rating publicly traded firms...

Jamuna Oil, Meghna Petroleum see billions stuck in cash-strapped banks

State-run Jamuna oil and Meghna Petroleum are at 'high credit risk' as their investments in fixed deposit receipts (FDRs) equivalent to Tk 16.95 billion are stuck with banks facing acute liquidity crises.The banks are Global Islami Bank, Union Bank, First Security Islami Bank, Social Islami Bank, National Bank, Padma Bank,...

BRAC Bank launches country's first SME innovation lab

BRAC Bank has launched the country's first SME innovation lab - "Finnovision" - to help small businesses thrive.The initiative reinforces the bank's pioneering role in strengthening cottage, micro, small and medium enterprises (CMSMEs) through innovation, inclusion and sustainability solutions, according to a press release. Bangladesh Bank Executive Director Husne Ara...

BSC approves 25pc cash dividend after record profit

The board of directors of Bangladesh Shipping Corporation (BSC) has approved a 25 per cent cash dividend for FY25 at its 48th annual general meeting (AGM), held in Chattogram on Monday.Brigadier General (retd) Dr M Shakhawat Hossain, adviser to the Ministry of Shipping and chairman of the BSC board, presided...

Petrobangla, BMTF sign deal to monitor industrial gas supply

In a major step toward digitizing the nation's energy infrastructure, Petrobangla, the state carbohydron agency, and the Bangladesh Machine Tools Factory Limited (BMTF) signed a contract on Monday to implement a sophisticated GPS-based monitoring system for gas metering stations, reports UNB.The contract was signed at the boardroom of the Bangladesh...

Hakkani Pulp AGM approves 5pc dividend

The 29th Annual General Meeting (AGM) of Hakkani Pulp & Paper Mills PLC was held on Saturday in hybrid mode, combining both physical and virtual participation. Chairman of the company Mohammed Golam Rasul Muktadir presided over the meeting, says a press statement. At the AGM, the shareholders approved a 5%...

Mahbub becomes member of IFAC PAODAG

For the First time from Bangladesh, Mahbub Ahmed Siddique, Chief Operating Officer of the Institute of Chartered Accountants of Bangladesh (ICAB), has been selected by the International Federation of Accountants (IFAC) as a member of Professional Accountancy Organization Development & Advisory Group (PAODAG) for the 2026-2028 term, says a press...

Edison Group launches 'Helio 55' smartphone

Edison Group has introduced the Helio 55, a new flagship smartphone priced at Tk 14,999.Aimed at providing premium features at an affordable price, the Helio 55 offers a solid performance, sleek design, and useful specifications, says a press statement.The Helio 55 is powered by a 2.0 GHz Octa-Core G92 processor,...

United Finance extends support to BANCAT's Cancer Care Home, Mosabbir Alok Nibash

United Finance PLC has partnered with the Bangladesh Cancer Aid Trust (BANCAT) to support its cancer care home, Mosabbir Alok Nibash, says a press release.BANCAT, a non-profit organisation, provides financial assistance for medical treatment and holistic care to cancer patients across the country. The organisation currently operates two Mosabbir Alok...

Usmania Glass Sheet Factory holds 39th AGM

The 39th Annual General Meeting (AGM) of Usmania Glass Sheet Factory Ltd (UGSFL) was held in a hybrid mode on Sunday, with Md Fazlur Rahman, Chairman of BCIC and the UGSFL Board, in the chair.Board of Directors of UGSFL Md Moniruzzaman, Joint Secretary & Director (Commercial) of BCIC, Muhammad Abdur...

CROWN CEMENT DECLARES 21PC CASH DIVIDEND

Shareholders of Crown Cement have approved 21 per cent cash dividends for the year ended June 30, as recommended by the company's board of directors. The approval was given during the 31st annual general meeting of the company, which was held on a digital platform on Monday. Crown Cement Chairman...

SOUTHEAST BANK ORGANISES TRAINING FOR ASSISTANT OFFICERS

Southeast Bank successfully organised a foundation training course for its newly appointed trainee assistant officers (cash). The sessions were conducted by experienced trainers from the Bangladesh Bank along with in-house resource persons. Southeast Bank Managing Director Md Khalid Mahmood Khan concluded the training programme with a speech and awarded certificates...

MJL Bangladesh holds 27th AGM

The 27th Annual General Meeting (AGM) of MJL Bangladesh PLC was held on a virtual platform on Monday. Chairman of the company Abdul-Muyeed Chowdhury presided over the meeting. The shareholders of the company approved a 52 per cent cash dividend. MJL Managing Director Azam J Chowdhury, Directors Tanjil Chowdhury, Dr...

Sonali Bank holds ALCO meeting

The 255th Asset-Liabilities Committee (ALCO) meeting of Sonali Bank PLC was held at its head office in the city on Monday. ALCO Chairman and Managing Director & CEO of Sonali Bank Md Shawkat Ali Khan presided over the meeting. Deputy Managing Directors, General Managers and ALCO members also attended in...

South Asia Insurance celebrates 26th anniversary

The 26th anniversary of South Asia Insurance Company Limited was celebrated at the company's head office in Dhaka recently. The event was held under the chairmanship of Muhammad Nurul Alam Chowdhury, Chief Executive Officer of South Asia Insurance Company. The event was conducted by Md. Abdur Razzaque, Assistant Managing Director...