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

BAT to pay 3-year-high dividends as dollar crisis lessens

Having paid a decade-low dividend last year, British American Tobacco (BAT) Bangladesh has decided to provide three-year-high dividends for 2024. With a 150 per cent final dividend declared for the year on Thursday, it is going to pay 300 per cent cash dividends for the year. The dividends amount to...

Power Grid's profit surges 387 per cent in Q2

Power Grid Company has declared a 387 per cent growth in profit in the second quarter through December of FY25, compared to the same quarter of FY24, on higher energy transmission and a reduction in finance cost. Its profit stood at Tk 3.98 billion in October-December last year. EPS stood...

IIFC holds 25th annual general meeting

The 25th Annual General Meeting of Infrastructure Investment Facilitation Company (IIFC) was held at the IIFC Conference Room in Dhaka on Tuesday, with Md Shahriar Kader Siddiky, Chairman, IIFC, and Secretary, Economic Relations Division, Ministry of Finance, in the chair, says a statement.Md Ehsanul Hoque, Senior Secretary, RTH Division and...

ICAB and ICAEW presidents discuss future collaboration

Maria Howlader, President of the Institute of Chartered Accountants of Bangladesh (ICAB), met with Malcolm Bacchus, President of the Institute of Chartered Accountants in England & Wales (ICAEW), on the sidelines of the SAFA events at the Yashobhoomi Convention Centre in New Delhi, India, recently. The two institutions have a...

SOUTHEAST BANK HOLDS 754TH BOARD MEETING

The 754th board meeting of Southeast Bank was held on Thursday. The meeting was presided over by the bank's Chairman M.A. Kashem. Vice Chairperson Rehana Rahman, Md. Rafiqul Islam (representative of Asia Insurance Limited), Md. Nurul Islam (representative of Single Click IT Solution Private Limited), Independent Directors Mohammad Delwar Hossain,...

BRAC BANK INAUGURATES ITS SECOND BRANCH IN COX'S BAZAR

BRAC Bank has opened a new branch in the tourist city of Cox's Bazar. A second branch containing spacious premises and modern facilities equipped to provide the best-in-class banking services in the country's top holiday destination signifies the bank's commitment to reach out to diverse customers. The bank's Chairperson Meheriar...

Bangladesh Bank's Khasru Parvez appointed as new Beximco receiver

Khasru Parvez, executive director of Bangladesh Bank, has been appointed as the custodian - officially called the receiver - to oversee the properties and assets of all Beximco Group companies aside from Beximco Pharmaceuticals Ltd., reports bdnews24.comParvez was appointed to the role on Tuesday, said central bank spokesperson Arif Hossain...

Major Gulf mkts mixed as Trump proposals continue to weigh

Major stock markets in the Gulf were mixed on Thursday as US President Donald Trump's latest announcements continued to weigh on investor sentiment, reports Reuters.Trump said this week the US would take over the war-ravaged Gaza Strip and develop it economically after Palestinians are resettled elsewhere, actions that would shatter...

Asian equities see sharp foreign outflows in January

Foreign investors pulled heavily out of Asian stocks in January, deterred by higher US Treasury yields and rising concerns that regional exports could suffer under additional tariffs from President Donald Trump's administration, reports Reuters.Foreigners divested stocks worth $12.5 billion, on a net basis, in India, Taiwan, South Korea, Thailand, Indonesia,...

390th Board Meeting of Shahjalal Islami Bank held

The 390th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held on Wednesday at the Corporate Head Office of the bank. The meeting was presided over by its Chairman A. K. Azad. The Board approved a number of investment proposals. Vice-Chairmen Mohammed Younus and Mohiuddin Ahmed,...

Concord Architects & Interior Décor and IPDC PRITI sign MoU

Concord Architects & Interior Decor Limited (CAIDL), a leading interior solutions company, has recently signed an agreement with IPDC PRITI at their corporate office. Under this agreement, IPDC PRITI cardholders and Home Loan clients are set to enjoy exclusive benefits on design consultancy services & execution from Concord Architects. Additionally,...

US banks raise equity to jumpstart deals, bolster balance sheets

NEW YORK, Feb 06 (Reuters): US regional banks are capitalizing on improving investor sentiment by raising billions of dollars in equity to pursue deals and beef up their balance sheets.Since Donald Trump's US election victory in November, banks have raised $1.7 billion through share sales, according to LSEG data, close...

German factory orders jump but outlook still gloomy

FRANKFURT, Feb 06 (AFP): German industrial orders rebounded more than expected in December, data showed Thursday, but officials cautioned it was unlikely the start of a sustained turnaround for Europe's struggling top economy.New orders, closely watched as an indicator of future business activity in Germany, rose 6.9 per cent month-on-month,...

Bank of England expected to cut key UK interest rate to 4.50pc

LONDON, Feb 06 (AP): The Bank of England (BoE) is widely expected to cut interest rates for the third time in six months later Thursday, even though inflation remains above its target.Most economists think the nine-member Monetary Policy Committee will lower the bank's main interest rate by a quarter of...

China's economy gets New Year boost from holiday travel and shopping

BEIJING, Feb 06 (AFP): China's sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war. Train stations and airports across the country were jam-packed...