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

Most multinational cos hit by unrest, floods

The dwindling demand for products amid persistent high inflation and lingering macroeconomic challenges hit the multinational companies, with sales and profit narrowing year-on-year in the nine months through September this year.Their production costs have gone up due to higher energy prices and increased input costs, while supply-chain disruptions amid unrest...

Policy support needed for mutual fund industry : Experts

The mutual fund industry needs to be revived with policy support to improve the health of the capital market, experts said at a meeting at the ICB head office."We are lagging behind neighbouring countries in this regard. Everyone needs to work together to develop the mutual fund industry," said Md....

CDA shelves plan to build five controversial ramps

CHATTOGRAM, Oct 31: At last, the Chattogram Development Authority (CDA) has shelved the plan to construct five controversial ramps of Chattogram Elevated Expressway in response to public protests.Local people had long been staging street demonstrations against the CDA's decision to construct the ramps.Sources said the five ramps included one connecting...

Hasan BASIS president, Sohel SVP

M Rashidul Hasan has been nominated as the new president of the Bangladesh Association of Software and Information Services (BASIS) and Md Mostafizur Rahman Sohel as senior vice-president.This changeover follows the resignation of former president Russell T Ahmed and vice-president (finance) Iqbal Ahmed Fakhrul Hasan, creating vacancies that needed immediate...

Winner of Vision's campaign gets flat

The winners of the first phase of the flagship 'Dream Home' campaign by Vision Emporium, an electronics retail chain, have been announced, says a statement.Mashiyat Ara Maria from Lalmonirhat has won a flat under the campaign. She received the key of the flat at a ceremony held in Lalmonirhat recently....

Trustee meeting of CAPM BDBL Mutual Fund 01 held

The Trustee meeting of CAPM BDBL Mutual Fund 01 was held on Wednesday, says a statement. The meeting approved the accounts and unaudited report of the mutual fund for the first quarter that ended on September 30, showing the total NAV of CAPM BDBL Mutual Fund 01 at Tk 556,160,411...

National Tubes returns to profit as crisis of raw materials eases

The state-run National Tubes returned to profit in FY24 after two consecutive years, riding on a steep rise in revenue income.The company has reported a net profit of Tk 695 million for FY24 while it endured a loss of Tk 18.32 million the year before. Its loss in FY22 was...

NEW DEAL ENABLES EBL CARDHOLDERS ELIGIBLE FOR SPECIAL BENEFITS AT COX'S BAZAR HOTEL

Best Western Heritage, a leading luxury hotel in Cox's Bazar, is offering special benefits to EBL cardholders as per an agreement signed between the hotel and Eastern Bank (EBL). M. Khorshed Anowar, deputy managing director of the bank, and Md. Shamim Hasan, head of sales and marketing of the hotel,...

Shahjalal Islami Bank holds 386th board meeting

The 386th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held on Wednesday at Corporate Head Office of the bank. The meeting was presided over by Chairman A. K. Azad. The Board approved a number of investment proposals. Vice-Chairmen of the Board Mohammed Younus & Mohiuddin...

WALTON OPENS FIRST FRANCHISES SHOWROOM AT ASHULIA

Global electronics brand Walton has launched 'Franchise business network' to deliver international quality products and services to customers faster. The new sales network kicked off with the opening of its first franchise showroom in Ashulia, Savar. Popular film actor Amin Khan inaugurated the showroom at Diamond Tower on Dhaka-Aricha highway...

TAKAFUL ISLAMI INSURANCE BOARD MEETING HELD

The 141st meeting of the Board of Directors of Takaful Islami Insurance Limited was held at Dhanmondi in Dhaka on Tuesday. Chairman of the company Tahmina Afroz presided over the meeting attended by all members of the Board and Chief Executive Officer Abul Kalam Azad. The Board of Directors approved...

Sonali Bank Staff College course ends

Sonali Bank Staff College organised a five-week-long course titled "Foundation Course for Newly Appointed Senior Officer & Equivalent and Officer & equivalent" that ended with a certificate award ceremony on Thursday. Sonali Bank Chairman Mohammad Muslim Chowdhury handed over certificates to the officers as the chief guest. Sonali Bank Staff...

COP29 at risk from graft, fossil fuel interests: Report

PARIS, Oct 31 (AFP): UN climate summits risk "being undermined by undue corporate influence and fossil fuel industry capture", two corruption watchdogs said Thursday as oil-and-gas producer Azerbaijan prepares the next global meeting.Azerbaijan's hosting of the COP29 talks in November is the second straight year the world's premier climate negotiations...

Major Gulf markets gain on Israel-Hezbollah ceasefire hopes

Most major stock markets in the Gulf rose in early trade on Thursday, buoyed by hopes for a potential ceasefire deal between Israel and Hezbollah, reports Reuters.Lebanon's prime minister expressed hope on Wednesday that a ceasefire deal with Israel would be announced within days as Israel's public broadcaster published what...

Companies boost social and climate reporting amid ESG backlash

Many US companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows, reports Reuters.The trend shows the importance investors and regulators now place on environmental, social and governance (ESG) issues, analysts said, amid rapid global...