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

Rising costs, weak demand drag down SME earnings in FY25

Most of the listed small and medium enterprises (SMEs) witnessed a year-on-year decline in profit in FY25, driven by higher business costs amidmacroeconomic challenges.According to market analysts, overall economic activities remained subdued after the political shift last year that squeezed demand and impacted profitability of companies, including that of SMEs....

Anlima Yarn faces survival threat as liabilities soar, auditor cautions

Anlima Yarn Dyeing Ltd. is at risk of going out of business, warned its auditor.Its liabilities are double the value of its assets that can be converted into cash within a year to clear the obligations due within the same period, according to the latest financial statements for the first...

ICMAB launches startup incubation centre to foster entrepreneurship

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has officially opened the ICMAB Startup Incubation Centre (ISIC), a pioneering initiative designed to cultivate a dynamic ecosystem of innovation and entrepreneurship. Shish Haider Chowdhury, Secretary of the ICT Division, Ministry of Posts, Telecommunication and Information Technology, inaugurated the centre...

Long-term planning, management major hurdles

Bangladesh Energy Regulatory Commission (BERC) Chairman Jalal Ahmed says Bangladesh holds significant potential to expand renewable energy generation, particularly in the coastal region, but faces challenges in management and long-term planning.Addressing these issues, he said, was the key to ensuring a just and sustainable energy transition. He made the remarks...

Javed Karim takes over as LGED chief engineer

Javed Karim has officially taken over as chief engineer (Routine Duties) of the Local Government Engineering Department (LGED).Mr Karim took charge on Monday following the issuance of government notification by the Development-1 Branch of the Local Government Division under the Ministry of Local Government, Rural Development and Co-operatives (LGRD), says...

Bengal Islami Life congratulates its Sponsor Director

Bengal Islami Life Insurance Limited has congratulated its Sponsor Director, Md. Iqbal Hossain Chowdhury, Managing Director of JCX Development Limited and Director of Bengal Commercial Bank, on his election as Vice President of the Bangladesh Jewellers Association (BAJUS) for the 2025-2027 term.Mr Chowdhury's visionary leadership, entrepreneurial excellence, and steadfast commitment...

DSE to elect two shareholder directors on December 15

The Dhaka Stock Exchange (DSE) will hold an election for the posts of two shareholder-directors on December 15, as the three-year tenure of the existing board members will expire this year in line with the demutualisation scheme.This year, Md. Shakil Rizvi, managing director of Shakil Rizvi Stock Limited, and Mohammad...

IFIC Bank’s ex-MD fined Tk 50m for misleading bond promotion

The Bangladesh Securities and Exchange Commission (BSEC) has slapped ex-managing director of IFIC Bank with a fine of Tk 50 million for deceptive promotion of a zero-coupon bond.According to a press release issued after the commission's meeting on Tuesday, the penalty was handed down for breach of securities laws in...

PUBALI BANK DONATES MICROBUS TO BANGLADESH MEDICAL COLLEGE

Pubali Bank has donated a microbus to Bangladesh Medical College as part of its social responsibility. Mohammad Ali, managing director and CEO of Pubali Bank, was present as chief guest at the event organised at the Bangladesh Medical College auditorium. Mr Ali also handed over the keys of the microbus...

PRIME BANK, RANGS join hands TO OFFER DISCOUNTS ON MITSUBISHI VEHICLES

Prime Bank recently signed an agreement with Rangs Limited to offer customers exclusive discounts on Mitsubishi vehicles. Rangs Limited is the authorised distributor for Mitsubishi vehicles in Bangladesh. Mamur Ahmed, senior executive vice president & head of branch distribution, Prime Bank; and Mohammad Hamdur Rahaman (Simon), chief executive officer of...

Loan demand from US mid- and large firms improves, Fed survey shows

Business loan demand from large and mid-sized US firms strengthened by the most in about three years in the third quarter while demand from small firms was essentially unchanged from the prior quarter, a Federal Reserve survey showed on Monday, reports Reuters.But the survey also showed banks on balance continue...

Edison Group unveils Helio 45 smartphone

Edison Group, one of the country's most trusted and pioneering technology brands, has launched its latest smartphone, the Helio 45.With cutting-edge performance, a vibrant display, and advanced camera technology, the Helio 45 is designed to deliver a next-level smartphone experience for Bangladeshi consumers seeking premium features at an accessible price....

EU lawmakers debate sunset clause, conditions for Trump tariff deal

BRUSSELS, Nov 4 (Reuters): The European Parliament began debating on Tuesday whether to make the EU-US tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration.Under the deal, the United States is broadly imposing 15 per cent tariffs on EU...

Amazon's $38b OpenAI deal shows it is no longer an AI laggard

Amazon's $38 billion cloud deal with OpenAI marks a major endorsement for the e-commerce giant's cloud business after recent setbacks, including ceding market share to rivals and an outage that disrupted large parts of the internet, reports Reuters.After years of leading the cloud computing industry with its highly profitable Amazon...

EU says it discussed rare earth supply stability with China, including general licences

BRUSSELS, Nov 4 (Reuters): EU and Chinese officials in a meeting last week have discussed how to maintain supply of rare earths on which Beijing imposed controls in April, including possible general licences, the European Commission said on Tuesday.The White House said on Saturday that China will issue general licences...