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

Heidelberg sees loss in Q3 on lower sales

Heidelberg Materials Bangladesh, a multinational cement maker, reported a loss of Tk 7.96 million for the third quarter (Q3) this year due to decreased sales volume amid an economic slowdown. Although the company posted profits in the previous two quarters of this year, it incurred losses in the July-September quarter...

Singer sustains losses in Q3 as political crisis, floods weigh

Singer Bangladesh suffered a net loss of Tk 185 million in the third quarter (July-September) of this year, due mainly to lower than expected sales amid recent political crisis and devastating floods.However, the multinational electronic and home appliance manufacturer made a profit of Tk 87.7 million in the same quarter...

MTB remains strong due to good corporate governance

Mutual Trust Bank (MTB) has remained strong due to its good corporate governance amid the challenges facing the country's financial sector, its Managing Director & CEO Syed Mahbubur Rahman said on Tuesday."We uphold a strong position for the good governance ensured by our board," he said at a press meet...

'Konka Shera Poribar' returns with Season 3

The family reality game show 'Konka Shera Poribar', brought to you by the country's leading consumer electronics and home appliance brand Konka, is all set to return. Following the success of its first two seasons, the show is back for its third season. This season, a variety of new segments...

Sadharan Bima to use Sonali Bank payment gateway

Sadharan Bima Corporation and Sonali Bank PLC signed a payment gateway agreement on Monday, says a press release. Under the agreement the Sonali Bank payment gateway will be used to collect insurance premiums and other fees and charges from insurance policyholders. Sadharan Bima General Manager Bibekananda Saha and Sonali Bank...

Govt moves to boost rural employment with new development projects

In an effort to revitalize rural economies and generate employment, the Interim Government has initiated new development projects aimed at injecting fresh capital into rural areas. At the same time, it plans to amend and refine ongoing projects that were initiated by the previous Awami League government, reports UNB.The move...

AB Bank signs MoU with Heritage Resort

AB Bank and Heritage Resort signed a Memorandum of Understanding (MoU) under which AB Bank cardholders will enjoy special discounts (up to 30% discount on weekend and up to 40% discount on weekdays) on room rent at the Resort. Tarique Afzal, Managing Director & CEO of the bank, and Menhazur...

BGMEA administrator starts office

Newly appointed administrator to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md Anwar Hossain started his office at BGMEA complex on Monday.Mr. Hossain, also Vice Chairman of Export Promotion Bureau (EPB), reached the complex in the capital's Uttara area on Monday afternoon.Upon his arrival at the Complex, it's Secretary General...

Third Quarter Business Conference-2024 held by South Asia Insurance Company Limited

Recently, the Third Quarter Business Conference-2024 of South Asia Insurance Company Limited was held. Chief Executive Officer Muhammad Nurul Alam Chowdhury presided over the conference. Also present were the company's Additional Managing Director Muhammad Barik Murshid, high officials of head office, and heads of various branches. The business development of...

EU lawmakers approve new $38 bn loan for Ukraine

STRASBOURG, France, Oct 22 (AFP): The European Parliament on Tuesday voted to hand war-torn Ukraine a loan of up to 35 billion euros ($38 billion) backed by profits from frozen Russian assets.Kyiv is desperate for funds as it seeks to prop up its economy, equip its military and keep its...

Most Asian markets drop as traders weigh US rates outlook

HONG KONG, Oct 22 (AFP): Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.Comments from top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts tempered...

Dealmakers expect bigger European private equity buyouts

LONDON, Oct 22 (Reuters): Buyout fund CD&R's keenly awaited 16 billion euro ($17.36 billion) deal to take control of Sanofi's consumer health unit, could herald an upsurge in big private equity transactions in Europe, investors and analysts say.A record amount of uninvested capital at funds, cheaper financing as interest rates...

Investors flee thematic ETFs as stock benchmarks soar

Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs, reports Reuters.The run for the exits, however, may slow if the broader market stumbles.While flows in equity ETFs overall...