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

Govt securities boost 20 banks' performance in Jan-Sept

Most of the listed banks secured a double-digit profit growth year-on-year in the nine months through September this year, driven by substantial income from investments in government securities.The net interest income, the core source of income for banks, was not as significant.Reputable banks reaped handsome profits from investments in government...

Kohinoor Chemicals earns record profit, declares highest-ever dividends

Kohinoor Chemicals reported a 35 per cent year-on-year growth in profit to Tk 509 million in FY24, the highest since its listing in the stock market.The oldest soap, cosmetics & toiletries manufacturer's earnings per share (EPS) jumped to Tk 15.12 for FY24 from Tk 11.19 the year before, according to...

Brands, buyers will have to 'help entrepreneurs'

Distinguished Fellow of the Centre for Policy Dialogue (CPD) Prof Mustafizur Rahman has said his proposition will be that brands and buyers will have to help entrepreneurs in terms of technology transfer, labour compliance, and other standards, reports UNB."I think it is a good business proposition for brands and buyers...

NBR lifts airfare excise duty, VAT for hajj pilgrims

The National Board of Revenue (NBR) has withdrawn the excise duty on inbound and outbound airfare for Hajj pilgrims, as well as the value-added tax (VAT) on three types of service charges, in a bid to reduce overall Hajj expenses, reports BSS."Costs for hajj pilgrims were increasing due to rising...

EBL, icddr,b partners in healthcare waste management and safe water access

Eastern Bank PLC (EBL) and icddr,b have taken a pioneering step in corporate social responsibility by investing in healthcare waste management and addressing water scarcity in coastal areas. The partnership was formalised with the signing of an agreement at the EBL's head office in Dhaka on Monday, says a statement.Building...

MTB CELEBRATES MILESTONE HELPING FISHING COMMUNITIES

As a part of the 25th anniversary celebration of Mutual Trust Bank (MTB), MTB Foundation recently distributed livelihood assets grant to a large number of marginalised fishing communities at Bheola Manik Char and Kaiyarbil areas of Chakaria, Cox's Bazar. Materials for crab farming, duck farming, dry fish processing, homestead gardening...

PUBALI BANK LAUNCHES 'ISLAMIC CORNER'

Pubali Bank, one of the country's leading commercial banks, launched 'Islamic Corners' across its branches nationwide to cater to the growing demand for Shariah-compliant banking services. The inauguration ceremony was held at a well-designed and customer-friendly 'Islamic Corner' at its 'Dhaka Stadium Corporate Branch' recently. The bank's Managing Director and...

PRAGATI LIFE TEAMS UP WITH GRAMEEN DIGITAL HEALTHCARE

Pragati Life Insurance Limited has signed a partnership agreement with Grameen Digital Healthcare Solutions (GDHS) to launch an integrated life and health insurance package for users of the Shukhee App. Md Jalalul Azim, Managing Director & CEO of Pragati Life, and Dr Ahmed Armaan Siddiqui, CEO of GDHS, signed the...

JANATA BANK FOUNDATION COURSE BEGINS ((batch 11/2024))

Janata Bank Staff College, Dhaka arranged a 30-day foundation course for officers (batch 11/2024) of Janata Bank PLC. Managing Director (CC) of the bank Md Golam Mortuza inaugurated the course recently.

ICSB AND AIUB SIGN MOU

The Institute of Chartered Secretaries of Bangladesh (ICSB) and American International University - Bangladesh (AIUB) signed a Memorandum of Understanding (MoU) on the AIUB Campus in Dhaka on Monday. Prof. Dr. Saiful Islam, Vice Chancellor of AIUB, and Abul Fazal Mohamed Rubayat, Chairman of Education Committee, ICSB, signed the MoU...

BARI AND SUPREME SEED COMPANY SIGN MOU

Bangladesh Agricultural Research Institute (BARI) and Supreme Seed Company Limited signed a Memorandum of Understanding (MoU) on Tuesday. BARI Director (Training and Communication Wing) Dr. Md. Ataur Rahman and Managing Director of Supreme Seed Company A.H.M. Humayun Kabir signed the MoU at the BARI seminar room. BARI Director General Dr....

India's slowdown is touching the untouchable

MUMBAI, Nov 5 (Reuters Breakingviews): India's biggest companies no longer offer a rose-tinted window onto the world's fifth-largest economy. Shoppers have been tightening their purse strings, for years. Now the austerity is spreading from the rural poor to the urban rich. That is the opposite of the recovery story that...

Major Gulf markets mixed ahead of US election

Major stock markets in the Gulf were mixed in early trade on Tuesday as investors took a cautious approach ahead of the US presidential election, while Saudi Aramco reported a drop in quarterly earnings, reports Reuters.Donald Trump and Kamala Harris both predicted victory as they campaigned across Pennsylvania and other...

How the US election could impact China's markets

China's currency and equities will bear the brunt of a protectionist shift in the US and are seen trading sensitively to the election's trade and foreign policy implications, reports Reuters.Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the...

Power brokers lose their grip on US politics

NEW YORK, Nov 5 (Reuters Breakingviews): Last month, BlackRock's leader Larry Fink said, opens new tab it "doesn't matter" who wins the US presidential election this Tuesday. He was singing a different tune in 2020, when President Joe Biden won against current Republican candidate Donald Trump. Back then, Fink praised...