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

Indo-Bangla Pharma eyes exports to offset business woes

Loss-making drug manufacturer Indo-Bangla Pharmaceuticals has announced a plan to export medicines to Afghanistan for what it claims is to overcome difficulties to access dollars to import raw materials. If the plan is translated into action, Afghanistan will be the first export destination of products made by Indo-Bangla Pharmaceuticals. According...

MUTUAL TRUST BANK APPROVES 10PC STOCK DIVIDENDS

A 10 per cent stock dividend was approved at Mutual Trust Bank's 26th annual general meeting (AGM) held on Wednesday. Rashed Ahmed Chowdhury, chairman of Mutual Trust Bank (MTB), presided over the meeting. Directors Khwaja Nargis Hossain, Syed Nasim Manzur, Tapan Chowdhury, and Daniel De Lange; alternate director Md. Riasad...

Stocks break 5,000 barrier amid signs of economic turnaround

Stocks extended rally for the sixth straight session on Wednesday, with the key index of the Dhaka bourse surpassing the 5,000-point threshold after three months, defying worries over proposed higher-than-expected US tariff imposition.Improving macroeconomic indicators seem to have helped offset concerns over US imposition of a 35 per cent reciprocal...

Chinese airlines fail to remit earnings, seek finance ministry's intervention

Chinese airlines operating in Bangladesh are reportedly facing complexities in remitting earnings to their headquarters due to "non-approval" from the central bank, officials have said. One of the airliners alone has over $2.5 million in earnings stuck. The company is "losing its income due to fluctuation in foreign currency exchange...

Forum launched to drive green transformation in dairy sector

The first annual Dairy Value Chain Forum was officially launched at a city hotel on Wednesday, marking a significant milestone in Bangladesh's journey toward driving green transformation of the dairy industry. The forum is a flagship initiative under the Green Dairy Partnership in Bangladesh, a five-year project funded by the...

Tariff volatility drives investors to actively managed funds

Global investors are pivoting towards actively managed equity funds this year as market volatility rises on worries over US tariffs and the stock market rally broadens beyond a few mega-cap tech stocks, reports Reuters.According to LSEG Lipper data, active equity funds secured a record inflow of $127 billion in the...

Asian markets mixed as Trump flags fresh tariffs, eyes on trade talks

HONG KONG, July 9 (AFP): Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals.Investors took in their stride news that Trump had sent letters to...

Two more RMG units get LEED certificates

Two more RMG factories of Bangladesh have got the Leadership in Energy and Environmental Design (LEED) certificates from the US Green Building Council (USGBC), reports BSS.It's a testament to the country's unwavering commitment to environmental sustainability in the Ready-Made Garment (RMG) sector, according to the leaders of RMG sector.The two...

Indonesia signs energy, grain deals with US

JAKARTA, July 9 (AFP): Indonesia's state oil company and agricultural firms have signed deals to increase their purchases of US goods, the country's chief economic minister told AFP on Wednesday, as Jakarta lays the groundwork to avoid the worst of President Donald Trump's tariffs.Southeast Asia's biggest economy has pledged to...

PUBALI BANK INAUGURATES COLLECTION BOOTH AT DMCH

Pubali Bank has inaugurated a collection booth at Dhaka Medical College Hospital (DMCH) to provide fast and modern services. Through this booth, various fees, including diagnostic test fees, of hospital patients will be collected. Dhaka Medical College Hospital Director Brigadier General Md. Asaduzzaman inaugurated the booth as chief guest. Pubali...

MODHUMOTI BANK HOLDS 87TH BOARD MEETING

The 87th meeting of the board of directors of Modhumoti Bank was held on Wednesday. Chairman of the board of directors Humayun Kabir participated in the meeting. Board members Mohammad Ismail Hossain, Nemai Kumar Saha, Salahuddin Alamgir, Mostafa Kamal, Tanjima Binthe Mostafa, Humayun Kabir Bablu, Sultana Jahan, Ferdousi Islam, Tanveer...

SONY-SMART OPENS NEW SHOWROOM IN MADARIPUR

Sony-Smart inaugurated its 30th showroom in Madaripur recently, bringing the world-renowned Japanese brand Sony's genuine electronics products and services within easy reach of residents of Madaripur Sadar and surrounding areas. Smart Technologies (BD) Ltd. is the official distributor of Sony's globally acclaimed products in Bangladesh and operates under the brand...

LHB contributes Tk 22.5m to Labour Welfare Fund

LafargeHolcim Bangladesh PLC (LHB) has contributed approximately Tk 22.5 million to the Bangladesh Labour Welfare Foundation Fund, under the Ministry of Labour and Employment, reaffirming its commitment to the well-being of workers. The contribution was made in compliance with the provisions of the Bangladesh Labour Act 2006. On behalf of...

Union Bank holds 45th Board meeting

The 45th 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 Board of the Directors Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management Committee Md. Humayun Kabir,...

bKash-Banglalink campaign winners receive prizes

Recharging highest amount from bKash to Banglalink numbers, customers won coupons for motorbike, AC and Fridge. Besides, 50 highest recharging customers have received cashback ranging from Tk 300 to Tk 1,000 each day during the campaign period (29 May to 4 June). bKash and Banglalink organised this campaign to make...