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

Apex Foods rides shrimp export rebound to 13pc profit growth in FY25

Shrimp exporter Apex Foods posted a 13 per cent year-on-year rise in profit to Tk 36.54 million in FY25, driven by renewed international demand that boosted Bangladesh's overall shrimp exports.While the frozen food exporter's yearly revenue figure has not been disclosed yet, its nine-month revenue was up 3 per cent...

Bangladesh equity market worst performer in Sept

The Bangladesh equity market was the worst performer globally in September this year, as the prime index plunged 3.2 per cent amid broad-based profit-booking pressure following three consecutive months of recovery.In contrast, South Korea emerged as the best performer, posting a return of more than 10 per cent in September,...

EBL, bKash partner for 24/7 automated cash management service

Eastern Bank PLC (EBL) has signed a partnership agreement with bKash Limited to launch 24/7 automated cash management services for bKash's agents, distributors, and partners across the country.Under the deal, bKash's network of agents and distributors maintaining accounts with EBL will gain round-the-clock access to automated fund transfers, instant settlements,...

Prime Bank signs deal with Far East Knitting to offer travel benefits

Joarder Tanvir Faisal, executive vice president and head of cards and retail assets of Prime Bank PLC, and Syed Mazharul Haq, head of accounts of Far East Knitting and Dyeing Industries Ltd. & Asianet Ltd., signed a partnership agreement at Prime Bank’s corporate office in Dhaka to offer exclusive travel...

Move to provide training to 38,400 youths

The Department of Youth Development is set to provide servicing training to 38,400 educated youths to help enhance their earnings and also develop entrepreneurships.To this effect, the Ministry of Youth has submitted a project proposal titled "Entrepreneur Development Project through Mobile Servicing Training for Job-seeking Youth," to the Planning Commission...

Blue-Wealth Assets to launch second mutual fund

Blue-Wealth Assets Limited is set to launch its second mutual fund, the 'Blue-Wealth First Stable Return Fund', with an initial target size of Tk 300 million, says a press statement. The company will serve as both the sponsor and asset manager of the fund. The chairman of the asset management...

New directors appointed to Board of Community Bank

Bangladesh Bank has approved the appointment of six new directors and three independent directors to the Board of Community Bank Bangladesh PLC in accordance with regulatory requirements, says a press statement.According to the official notification, the newly appointed directors are A.K.M Awlad Hossain, Additional Inspector General (Admin), Bangladesh Police; Md....

Chemists, druggists demand 25pc hike in commission from pharma cos

Bangladesh Chemists and Druggists Association (BCDA) has demanded that pharmaceutical companies increase the sales commission for drug retailers by 25 per cent and warned of tougher programmes if their demand is not met within 15 days.The association's central executive committee came up with the demand at a press conference at...

Daraz launches 10.10 Brand Rush campaign

Daraz Bangladesh, the country's leading e-commerce platform, launched the much-awaited 10.10 Brand Rush Campaign on Thursday. Packed with unbeatable offers, thrilling contests, and exclusive brand collaborations, this campaign will run until October 16 to deliver an exhilarating shopping experience to millions of customers nationwide, says a press statement.Customers can enjoy...

Govt adopting multimodal transport plan

The government is working to adopt a multimodal transport plan, which is a strategic initiative designed to establish a coordinated and highly efficient national transportation system, reports BSS.This plan aims to integrate road, rail and waterway networks to ensure cost and time-efficient transportation across the country.Sheik Moinuddin, Special Assistant to...

Shahjalal Islami Bank holds 904th EC meeting

The 904th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee. The members of the committee discussed and made decisions...

Germany views BD as potential investment destination: Amir Khasru

BNP Standing Committee Member Amir Khasru Mahmud Chowdhury said on Thursday Germany views Bangladesh as a potential destination for future investment, reports BSS."Germany considers Bangladesh a promising country for investment. However, a stable political environment and a government formed through an acceptable election are essential for attracting foreign investment," he...

IMF asks Sri Lanka to beef up anti-graft operations

COLOMBO, Oct 09 (AFP): The International Monetary Fund asked cash-strapped Sri Lanka on Thursday to strengthen its anti-corruption agency and accelerate prosecutions after a review of a bailout that began in 2023.The IMF said Sri Lanka's reforms were paying off, but the South Asian nation should maintain the momentum amid...

Musk's record Tesla package will pay him tens of billions even if he misses most goals

LOS ANGELES, Oct 9 (Reuters): When Tesla directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of "Mars-shot milestones" to earn $878 billion in Tesla stock over 10 years.The board's proposal said Musk would...