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

DSEX keeps sliding on adverse reaction to policy intervention

The Dhaka bourse on Thursday failed to break out of losing streak despite the regulatory move limiting stocks' daily allowable correction to 3 per cent from 10 per cent. In a market review, EBL Securities said the depressed market observed a further backlash as investors negatively reacted to the regulator's...

Why IFIC Bank shelves plan to leave Nepal

IFIC Bank backtracked on its two-year plan to sell its stake in Nabil Bank of Nepal as policy changes in the South Asian country diminished the possibility of gaining the expected profit from the deal. Instead, it considers keeping its 7.77 per cent share in Nabil Bank, Nepal's number one...

Investors keen on GP in depressed market after 72pc profit growth disclosure

Grameenphone (GP) rose more than 1 per cent to Tk 235 per share on the Dhaka bourse on Thursday after it reported a 72 per cent year-on-year profit growth for the first quarter this year.The leading telecom operator secured a quarterly profit of Tk 13.4 billion in January-March this year,...

Reckitt Benckiser stagnates for high finance cost

Reckitt Benckiser (Bangladesh) reported a profit of Tk 151.7 million for January-March this year, almost the same as for the same quarter last year, despite a decline in sales revenue.The UK-based multinational company that sells health and hygiene-related products earned revenue of Tk 1.32 billion in Q1 this year, down...

Subscription of Beximco zero coupon bonds opens April 28

Bangladesh Export Import Company (BEXIMCO) has announced to commence subscription of 'Beximco 1st Unsecured Zero Coupon Bond' on Sunday (April 28), aiming to collect Tk 15 billion.The bond subscription will continue until May 15, according to a statement published on Thursday.A zero-coupon bond is a debt security that does not...

MTB wholesale banking recognised as BD's best in 2024

Mutual Trust Bank's (MTB) Wholesale Banking Division has been named 'Best in Wholesale Banking' for 2024 by International Business Magazine, according to a statement. The award recognises the division's commitment to providing exceptional banking services to Bangladesh's corporate sector.MTB's success is built on strong customer relationships, attracting new clients and...

EBL-merchant mariners co-branded cards launched

Eastern Bank Limited (EBL) and the Bangladesh Merchant Marine Officers' Association (BMMOA) recently launched co-branded VISA Signature and VISA Platinum credit and debit cards, in collaboration with VISA. A formal launch event was held at the BMMOA office in the city, attended by Captain Golam Mohiuddin Quadrey, vice president of...

UCB opens sub-branch at Lalbagh

United Commercial Bank (UCB) recently opened a new sub-branch in Dhaka's Lalbagh area. The inauguration ceremony was held at the new branch and attended by Md Sekander-E-Azam, senior executive vice president and head of Transaction Banking & Head of Branch Distribution Channel of UCB. Jahangir Alam Babul, local ward commissioner...

Startup BD to invest Tk 10m in Pulse Tech

Startup Bangladesh Limited, a government-backed venture capital (VC) firm, is set to make a strategic investment worth Tk 10 million in Pulse Tech, a local healthcare venture, to expand retail pharmaceutical operation in the country.To this effect, the Startup BD made the formal announcement at a signing ceremony held at...

ICCAB gets new leaders for 2024-25

Probir Chandra Das, Deputy Managing Director & CFO of National Life Insurance Co. Ltd., and Moinul Hye Asif, EVP and Head of Risk & Compliance of Metlife, have been elected Chairman and General Secretary of the Insurance Companies CAMLCOs Association of Bangladesh (ICCAB) for 2024-25 recently, says a press release.Other...

Tahmina Akhter joins Agrani Bank as DMD

Tahmina Akhter joined as a Deputy Managing Director (DMD) at the state-owned Agrani Bank PLC on Thursday, says a press release. She was assigned to this post through a circular of the Financial Institutions Division of the Ministry of Finance on April 24. Previously, Tahmina served as Deputy Managing Director...

Unilever BD collaborates with IBA for research on plastic circularity

Unilever Bangladesh (UBL), the country's leading Fast Moving Consumer Goods (FMCG) company, is collaborating with the Institute of Business Administration (IBA), University of Dhaka, on two new areas under its industry-academia partnership. The initiatives include commissioning research to increase understanding of plastic circularity in the context of Bangladesh and providing...

CHATTOGRAM PORT DAY OBSERVED

The Chittagong Port Authority (CPA) observed the 137th Chattogram Port Day on Thursday, marking the 137th founding anniversary of the Chittagong seaport, one of the oldest natural ports in the subcontinent and also the prime one in the country. On the occasion, CPA Chairman Rear Admiral Mohammad Sohail hoisted the...

Anhui Provincial People's Congress TEAM visits BCCCI

A 17-member delegation of Anhui Provincial People's Congress from China led by Wei Xiaoming, Vice Chairman of the Anhui Provincial People's Congress, visited Bangladesh China Chamber of Commerce & Industry (BCCCI) office in Dhaka on Tuesday and discussed trade and investment potentials in Bangladesh by China's Anhui province. Song Yang,...

BCSIR Receives International ISO/IEC - 17025:2017

National Analytical Research and Services (INARS) of BCSIR has achieved Water Quality parameter International Certificate ISO/IEC - 17025:2017 for testing water worldwide Bangladesh Accreditation Board (BAB) Director General (Additional Secretary) Md. Anwarul Alam handed over the Accreditation Certificate to BCSIR Chairman Prof. Dr. Aftab Ali Shaikh at his office on...