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

Old advice in new package of "action plan" to calm market

An "immediate action plan" of the securities regulator has coincided with the suspension of its 21 officials in a seemingly calculated move to contain negative impacts of the punitive action on the equity market. A press release issued by the Bangladesh Securities and Exchange Commission (BSEC) cited age-old expert recommendations...

City Bank's annual profit up 59pc, surpassing Tk 10b

City Bank's annual profit surpassed Tk 10 billion in 2024 for the first time since its inception in 1983, securing a remarkable 59 per cent year-on-year growth driven by substantial income from investments in government securities.The first generation commercial bank's consolidated net profit stood at Tk 10.14 billion in 2024,...

Unilever Consumer Care profit down 38pc in Q1

Despite higher sales revenue, Unilever Consumer Care's profit plummeted 38 per cent year-on-year to Tk 138 million in the first quarter through March this year due to higher costs and the re-imposition of royalty charge by the parent company.The Horlicks manufacturer's earnings per share (EPS) fell sharply to Tk 7.16...

DWCCI launches FAME Project to promote inclusive economic empowerment

The Dhaka Women Chamber of Commerce & Industry (DWCCI), in collaboration with Geres and South Asian Women's Development Forum (SAWDF), has officially launched the 'FAME Project - Feminism, Action, and Mobilization for an Inclusive Economy' at an event held in Dhaka recently, says a statement.Led by Naaz Farhana, President of...

Global investors urged to explore opportunities under PPP model

The Public-Private Partnership Authority (PPPA) hosted the 'Divisional PPP Conference Chattogram 2025' recently, bringing together key government agencies, private investors and development partners to explore investment opportunities and promote sustainable infrastructure through the PPP model.Muhammad Rafiqul Islam, Secretary and CEO of PPPA, was present as the chief guest, says a...

Health and well-being marketing fest 2.0 held

The "ACI Nutrilife Presents Health and Well-being Marketing Fest 2.0" organised by Brand Practitioners Bangladesh was held in the city recently, says a press release. The event brought together top executives, physicians, nutritionists, brand professionals, and marketers from across the healthcare, nutrition, pharmaceutical, hygiene, and wellness sectors.This year's theme was...

PUBALI BANK INKS DEAL WITH BANGLADESH BRIDGE AUTHORITY FOR TOLL COLLECTION

Pubali Bank and Bangladesh Bridge Authority signed an agreement for toll collection from Padma Bridge by using electronic toll collection (ETC) system through the bank's mobile banking app PI. Mohammad Ali, managing director & CEO of Pubali Bank, and Mohammad Abdur Rouf, secretary of Bridge Division and executive director of...

DHAKA BANK DISTRIBUTES GIFTS TO HAJJ PILGRIMS, BANK OFFICIALS

Dhaka Bank distributed special gifts to honour Hajj Pilgrims and bank officials. Mr. Md. Mostaque Ahmed, deputy managing director and chief emerging market officer, handed a special gift to a customer as he inaugurated the programme. Among others, Mr. Mokaram Hossain, SEVP and head of Garments, and H. M. Mostafizur...

Renata's profit drops 20pc despite revenue growth

Renata showed a 20 per cent decline in profit to Tk 587.62 million for the third quarter to March of FY25 despite a significant revenue increase, owing to costlier raw materials, higher energy price and finance costs. Revenue was up 16.07 per cent to Tk 10.71 billion in the January-March...

EXIM BANK INAUGURATES HAJJ BOOTH AT ASHKONA HAJI CAMPS

Exim Bank inaugurated a Hajj booth at the Ashkona hajj camp on Monday, April 28 to provide services to the pilgrims during the Hajj season. M Akhter Hossain, managing director (current charge), was present as chief guest in the inaugural ceremony held at the Hajj booth of Exim Bank, while...

Union Bank holds 31st meeting of the newly formed Board

The 31st Board Meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Wednesday. Chairman of the bank Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management Committee Md. Humayun Kabir, Chairman of...

Chartered Life signs agreement with Blossom Group

A group insurance agreement has been signed between Chartered Life Insurance PLC and Blossom Group. Mohammed Amdad Ullah, CEO (Acting) of Chartered Life, and Muntasir Hasnat, Executive Director of Blossom Group, signed the agreement on behalf of their respective organisations. Under this agreement, Chartered Life Insurance PLC will provide Group...

US economy contracts in the first quarter

WASHINGTON, Apr 30 (Reuters): The US economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher costs from tariffs and underscoring the disruptive nature of President Donald Trump's often chaotic trade policy.The Commerce Department's advance...

China creates list of US-made goods exempt from 125pc tariffs

SHANGHAI, Apr 30 (Reuters): China has created a list of US-made products that would be exempted from its 125 per cent tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.China...

Samsung Electronics posts 22pc jump in Q1 net profit

SEOUL, Apr 30 (AFP): South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 per cent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.The firm said it expected improved earnings in the second half if "uncertainties are diminished".The...