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

Meghna Petroleum logs record profit on higher margins, bank income

Meghna Petroleum posted a record profit of Tk 6.64 billion in FY25, driven by higher sales margins and substantial income from bank deposits.The annual profit grew by 23 per cent year-on-year for the year ended in June this year, according to a stock exchange filing on Monday. With that, the...

Power Grid swings back to profit in Q1 of FY26

Power Grid secured a profit of Tk 3.64 billion in the first quarter through September this year, marking a strong rebound compared to a loss of Tk 2.56 billion in the same quarter last year, supported by higher revenue and favourable foreign exchange rates.The state-owned sole power transmission entity recorded...

Orion Infusion to expand production with own funds

Listed life-saving injectable producer Orion Infusion has planned to invest another Tk 205 million from its own funds to increase the production capacity of IV fluids by 30 per cent.According to a disclosure on Monday, the company's revenue will go up by Tk 255 million after the implementation of the...

BRAC BANK, ASIA COATINGS TO OFFER TRANSACTION BANKING SOLUTIONS

BRAC Bank has entered into a partnership with Asia Coatings Pvt. Ltd. to offer advanced transaction banking solutions, including efficient receivable management. Through this collaboration, Asia Coatings will leverage BRAC Bank's agent banking and digital banking solutions. The system will connect nearly 300 distributors and retailers, enabling real-time collections and...

CITY BANK, UNICEF join hands TO EMPOWER YOUTH WITH GREEN SKILLS

City Bank and UNICEF recently announced a new partnership to equip marginalised adolescents and young people, particularly girls, with green and entrepreneurship skills under a pilot project, Skills4Youth. The partnership was formalised at a recent signing ceremony in the capital.

Norway's sovereign wealth fund to abstain from Novo Nordisk board vote

COPENHAGEN, Nov 10 (Reuters): Norway's sovereign wealth fund said on Monday it will abstain from voting on Novo Nordisk's board chair or other nominees at the obesity drugmaker's extraordinary shareholder meeting this week, adding to pressure over governance at the company.Norges Bank Investment Management (NBIM), the world's largest sovereign wealth...

Denmark partners with BD to reinforce human rights, media freedom

Denmark has launched new partnership to strengthen human rights, trauma-informed mental health, and media freedom in Bangladesh.In this connection, it has announced its support of DKK 25 million for a consortium of Danish organisations namely DIGNITY, IMS (International Media Support), and the Danish Institute for Human Rights, according to a...

ADB to deepen cooperation with BIMSTEC

Asian Development Bank (ADB) has reaffirmed its commitment to deepening cooperation with BIMSTEC and exploring new avenues of collaboration, underscoring the Bank's strong emphasis on partnerships with regional organisations like BIMSTEC, reports BSS.The assurance was made when BIMSTEC Secretary General Indra Mani Pandey met with ADB President Masato Kanda and...

Yamaha and ACI Motors celebrate 9th anniversary

Yamaha and ACI Motors marked their 9th year of collaboration with a spectacular celebration, hosting the 'Yamaha Bike Carnival' at the Bangladesh-China Friendship Exhibition Centre in Dhaka on Saturday.Thousands of bikers and members of Yamaha Riders Club (YRC) from different regions of the country joined the event, says a press...

Energypac wins HELI Loyalty Award

Energypac, a leading power engineering company, has been honoured with the Loyalty Award at the 2025 HELI Global Distributor Conference in recognition of its 20-year partnership in distributing HELI forklifts and material handling product across the country.The award was presented during the annual conference of Anhui HELI Industrial Vehicle Import...

Sonali Bank Board holds meeting with its SMT-

The 17th review meeting between the Board of Directors and Senior Management Team (SMT) of Sonali Bank PLC was held at the bank's head office conference room on Monday, with the Board Chairman, Mohammad Muslim Chowdhury, in the chair. SMT Chairman and Sonali Bank MD & CEO Md Shawkat Ali...

Nagad facilitates cadet college admission fee payments

The application fee for admission to all cadet colleges in the country can be paid through Nagad, the digital financial service arm of the Bangladesh Postal Department. As in previous years, no additional charges will apply, says a press statement.There are currently 12 cadet colleges in Bangladesh -- nine for...

China suspends 'special port fees' on US vessels

BEIJING, Nov 10 (AFP): China said Monday it would suspend for one year "special port fees" on US vessels "simultaneously" with Washington's pause on levies targeting Chinese ships, as a fragile trade truce between the superpowers continues to take shape.The United States and China have been involved in a volatile...