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

Foreign portfolios see fresh inflows into equities amid easing risk

The equity market has recently been receiving fresh inflows of investment from foreign investors as macroeconomic indicators started showing signs of economic recovery and the forex market attained stability. Stocks, which are lucrative to overseas investors, saw foreign stakes go up by June this year from the holdings six months...

Rahima Food soars 140pc in about two months

Rahima Food's share price has soared nearly 140 per cent in less than two months on the Dhaka bourse despite a sharp decline in profits in the first nine months of FY25.Following the unusual rally, the Dhaka Stock Exchange (DSE) issued a letter to the company, inquiring whether any undisclosed,...

'Single garment company' drew Tk 482b in loans from 16 banks, 7 financial instts

Labour Adviser M Sakhawat Hossain has claimed that a single garment company took Tk 482.48 billion in loans from 16 banks and seven financial institutions, with no clarity on where the money went, reports bdnews24.com.On Sunday, Sakhawat said authorities were "trying to get the money back"."From one bank alone, Janata...

Russian-built RNPP unit-1 to be operational in next five months

The first unit of the Russian-built nuclear power plant at Pabna's Rooppur (RNPP) with 1200 MW capacity is expected to launch production in December or January next as per schedule, officials said in Dhaka on Sunday, reports BSS."The unit will start producing power to its optimum level gradually, once its...

SOUTHEAST BANK LAUNCHES TIJARAH ISLAMIC VISA SIGNATURE CREDIT CARD

Southeast Bank has launched Tijarah Islamic Visa Signature Credit Card designed to cater to customers' diverse financial needs while adhering to Shariah-compliant principles. The card does not charge any interest and applies a modest tiered monthly maintenance fee to the outstanding transaction amount after the payment due date. The card...

MIDLAND BANK AWARDED 'EXCELLENCE IN PREPAID CARDS' BY VISA

Midland Bank (MDB) has been awarded the prestigious "Excellence in Prepaid Cards (Associate Client)" title at the Visa Excellence Awards, held on August 4 at Hotel Sheraton in the capital. The award ceremony was part of the "Visa Leadership Conclave 2025". The event was graced by Bangladesh Bank Governor Dr....

TRUST BANK INAUGURATES BOGURA BRANCH AT SHONOM COMPLEX

Trust Bank has launched its Bogura branch, the 120th branch of the bank, at Shonom Complex, Sherpur Road, Bogura. Major General S M Asadul Haque, ndc, psc, General Officer Commanding, 11 Infantry Division and Area Commander, Bogura Area, formally inaugurated the branch as chief guest. Trust Bank Managing Director &...

IFIC Bank hosts "Meet the Senior Management"

IFIC Bank PLC organised an event titled "Meet the Senior Management" at IFIC Tower recently to welcome newly-recruited Management Trainees in the Data Processing & IT System Management and Legal Affairs departments. Syed Mansur Mustafa, Managing Director of the bank, was present as the chief guest.

Pubali Bank gifts microbus to BCSIR

As a part of Corporate Social Responsibility (CSR), Pubali Bank PLC has gifted a microbus to the officials of Bangladesh Council of Scientific and Industrial Research (BCSIR). Mohammad Ali, Managing Director and CEO of Pubali Bank PLC, handed over the keys of the microbus to Dr Shahana Ahmed, Chairman of...

Al-Arafah Islami Bank concludes month-long training on SME entrepreneurship

The closing ceremony of the month-long Entrepreneur Development Training Programme organised under the SICIP project of the Special Programme Department of Bangladesh Bank under the initiative of Al-Arafah Islami Bank was held at the Bangladesh Rural Development Academy (BARD) in Cumilla on Sunday. Managing Director (CC) of the bank Md...

Saudi industrial output jumps 7.9pc in June on manufacturing gains

RIYADH, Aug 10 (Arab News): Saudi Arabia's industrial production climbed 7.9 per cent year on year to 111.9 in June, driven by a sharp rebound in manufacturing and higher crude output, official data showed. Figures from the General Authority for Statistics also revealed a 1.6 per cent month-on-month rise in...

KSA cement sales jump 21pc in Q2

RIYADH, Aug 10 (Arab News): Saudi Arabia's cement sector registered a sharp upswing in the second quarter of the year, with total sales by the Kingdom's 17 producers reaching 13.13 million tonnes. According to figures by Riyadh-based Al-Yamama Cement, this marks a 21 per cent increase compared to the same...

Indian textiles, jewellery at risk of 50pc Trump tariffs; pharma, phones exempt

NEW DELHI, Aug 10 (Reuters): US President Donald Trump imposed an additional 25 per cent tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil. The new import tax, effective 21 days after August 7, will raise duties on some Indian goods to as...

Egypt's annual inflation slows to 13.9pc in July

RIYADH, Aug 10 (Arab News): Egypt's annual urban inflation rate eased to 13.9 per cent in July, down from 14.9 per cent the previous month, as falling food costs helped temper price pressures, official data showed.Figures from the Central Agency for Public Mobilization and Statistics revealed that the monthly inflation...

China wants US to relax AI chip-export controls for trade deal

BEIJING, Aug 10 (Reuters): China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that...