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

Asiatic Labs' half-year profit surpasses FY25 earnings

Asiatic Laboratories has posted an impressive 86 per cent year-on-year growth in profit to Tk 164 million in the second quarter of FY26, driven by higher sales amid a stable forex market.With the latest quarterly earnings, its half-yearly profit-Tk 316 million-in July-December last year surpassed its annual profit of Tk...

Starlink deal opens new revenue stream for Kay & Que

Kay & Que (Bangladesh) has become the sales agent for Starlink Satellite Internet Service in Bangladesh, a move expected to increase the company's revenue and income in the coming quarters.The listed IT venture, belonging to the conglomerate Multimode Group owned by BNP Vice Chairman Abdul Awal Mintoo, currently earns revenue...

Brac Bank appoints Monzula Morshed as DMD & chief human resources Officer

BRAC Bank has appointed Monzula Morshed as deputy managing director and chief human resources officer.Her appointment will be effective from Sunday. She will also serve as a member of the bank's management committee, according to a press release. Monzula brings over 25 years of distinguished experience as a people and...

Sanaullah Shahid elected EC chairman of Shahjalal Islami Bank

Md. Sanaullah Shahid was unanimously elected as chairman of executive committee (EC) of Shahjalal Islami Bank in its 404th meeting of the board of directors on January 28.At the same meeting, Khandaker Sakib Ahmed was elected as vice-chairman of executive committee of the bank, according to a press release.Md. Sanaullah...

Uttara Finance gets new chairman

Md Mukhter Hossain was appointed as an Independent Director and Chairman of the Board of Directors of Uttara Finance & Investments Limited (UFIL) by Bangladesh Bank recently, says a press statement.Mr Hossain possesses a proven record as a strategic leader and decision-maker with deep knowledge across critical banking functions. His...

IFIC BANK ACHIEVES PCI DSS CERTIFICATION FOR THE 4TH CONSECUTIVE YEAR

As a reflection of IFIC Bank's continued commitment and capability in card data security management, the bank has achieved the internationally recognised Payment Card Industry Data Security Standard (PCI DSS) certification for the fourth consecutive year. The certification handover ceremony was held on Thursday at IFIC Tower, Dhaka. Syed Mansur...

Islami Bank holds board meeting_-

A meeting of the board of directors of Islami Bank Bangladesh PLC was held on Thursday at Islami Bank Tower. Dr. M. Zubaidur Rahman, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman of the executive committee, Md. Abdus Salam, chairman of the audit committee, Dr. M....

Global investors betting on 'rising star' Malaysia as foreign cash piles in

Malaysian assets are drawing global investors as a soft US dollar and rising geopolitical tensions spur diversification and the country's stability and growth are seen as an attractive alternative to stuttering regional rivals, reports Reuters.The increasing flow of foreign money illustrates a comeback for Malaysia, Southeast Asia's fourth-largest economy, after...

Korea's fight for FX stability undermined by its Wall Street mania

SEOUL, Feb 5 (Reuters): South Korea's efforts to stabilise its currency face a major obstacle at home - the record appetite of its retail investors for US stocks that is fuelling dollar demand as the won languishes at 17-year lows.The greenback's persistent strength against the won over the past year...

Stocks in retreat as traders reconsider tech investment

HONG KONG, Feb 5 (AFP): Stocks mostly fell on Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum.While the extreme volatility that greeted the start of the week has calmed, traders remained on...