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

NBFIs show signs of distress, only four keeping up growth

Only four non-bank financial institutions (NBFIs) out of 16 secured a higher profit year-on-year in January-September this year, driven by an increase in return from government securities. IDLC Finance, DBH Finance, United Finance, and LankaBangla Finance stand out in the industry for their consistently good financial performance. Their operating efficiency,...

Walton's Q1 profit declines 26pc on higher finance costs

Walton Hi-Tech Industries' profit fell 26 per cent year-on-year to Tk 1.49 billion in the first quarter of FY25 for higher finance expenses amid rising interest rates.The electronic and home appliance giant's earnings per share slid to Tk 4.92 for July-September this year from Tk 6.67 for the same quarter...

Crown Cements' Q1 profit down 89pc due to political turmoil

Crown Cements' profit plunged 89 per cent year-on-year in the first quarter through September for shrinking revenue amid political turmoil and higher finance cost.Its July-September profit fell to Tk 37 million from Tk 345 million in the same quarter a year ago.Earnings per share (EPS) fell to Tk 0.25 for...

Boost milk production to minimise imports: Adviser

Fisheries and Livestock Adviser Farida Akhtar has urged steps to reduce imports of milk, stating that the growing dependence on foreign sources is harming the country's local cattle and milk production. She emphasised the need to increase domestic production to address the current milk deficit, warning that continued import reliance...

Mazibur Rahman joins Janata Bank as MD

Md Mazibur Rahman joined the state-owned Janata Bank PLC as its Managing Director on November 7, says a statement.Prior to his new assignment, Mr Rahman served as the Managing Director of Probashi Kallyan Bank.He started off his banking career in 1998 as a senior officer at Rupali Bank PLC.In his...

Abdul Matin new COO of Praava Health

Praava Health, a fastest-growing healthcare brand, has recently appointed Mohammad Abdul Matin Emon as its Chief Operating Officer (COO), says a statement. Mr Emon has an accomplished and diverse career as a leader within large corporations and as an entrepreneur himself. He was a pioneer in Bangladesh's health tech ecosystem...

MTB'S SILVER JUBILEE CELEBRATION: FOUNDATION PROVIDES EYE CARE IN PATUAKHALI

As part of the 25th anniversary celebration of Mutual Trust Bank (MTB), MTB Foundation organised a special community healthcare programme, focusing on eye health, at Komlapur, Patuakhali, Barishal. The programme was attended by MTB Foundation CEO Samia Chowdhury.

ICB ASSET MANAGEMENT COMPANY LAUNCHES NEW WEBSITE

Prof Abu Ahmed, Chairman of the Board of Directors of ICB Asset Management Company Limited, inaugurated the company's new website (www.icbamcl.gov.bd) recently. ICB Managing Director Md Abul Hossain and ICB Asset Management Company Limited Chief Executive Officer Mahmuda Akhter were present on the occasion.

PURBANI GROUP CELEBRATES ITS GOLDEN JUBILEE

Purbani Group, one of the largest and oldest 100 per cent export-oriented textile conglomerates in Bangladesh, celebrated the Golden Jubilee of its remarkable journey at a glittering event held at the United Convention Center in Dhaka recently. Abdul Hai Sarker, Chairman and CEO of the Purbani group, was present as...

First electric power tiller unveiled in BD

Farmers Market Asia, a pioneering force in global sustainable agri-solutions, and Cassetex, a leading electric vehicle solutions company, jointly launched the region's first electric power tiller at the International Exhibition on Electric Vehicle & Mobility Industry (BEVMX) 2024 in Dhaka on Sunday, says a statement.Cassetex, the country's first battery swapping...

Asian stocks struggle as China support plan falls flat

HONG KONG, Nov 11 (AFP): Most Asian markets fell Monday after China's keenly awaited plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win.Stocks rallied last week on...