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

Stocks up for 2nd week with hopes high after monetary policy

Stocks stayed upbeat for two straight weeks, with the key index of the Dhaka Stock Exchange (DSE) crossing 5,200 on Thursday after three weeks amid renewed optimism.As the macroeconomic front improved and the central bank kept the policy rate unchanged at 10 per cent for the second half of the...

Lub-rref returns to profit in Q2 on lower costs

Lubricant oil blender Lub-rref (Bangladesh) returned to profit in its second quarter of FY25 after incurring a loss in the first quarter. However, its profit escalated 92 per cent year-on-year in the October-December quarter of FY25 while revenue plunged 4.47 per cent year-on-year in the same quarter. The company earned...

Renata ships Cabergoline to UK for first time

Renata exported the first consignment of Cabergoline 0.5mg tablets to the UK market, having received approval four months ago.This followed the launch of the generic drug in Australia in October last year, "highlighting the company's growing global presence," said the company in a stock exchange filing on Thursday. Cabergoline, a...

IFAD urges more rural investment in developing countries

As the world grows increasingly fragmented and the future uncertain, global leaders and financiers at the 48th Governing Council of the International Fund for Agricultural Development (IFAD) have emphasised the strategic importance of investing in rural areas of developing countries to achieve food and nutrition security, economic growth and stability,...

MUTUAL TRUST BANK SIGNS MOU WITH TERRAPAY FOR STUDENT FILE SERVICES

Mutual Trust Bank (MTB) and Terra Payment Services (UK) Limited (TerraPay) have officially signed a Memorandum of Understanding (MoU) to provide Student File Services to students aspiring to study abroad, making their higher study-related payments more convenient. The MoU exchange ceremony was held at MTB Centre, Corporate Head Office, 26...

UCB HOSTS 506TH MEETING OF BOARD OF DIRECTORS

United Commercial Bank (UCB) hosted its 506th meeting of the board of directors on Tuesday at the corporate office of the bank. UCB Chairman Sharif Zahir presided over the meeting. Among others, Managing Director & CEO Mohammad Mamdudur Rashid; the board's Vice-Chairman Md. Shazzad Hossoin; Executive Committee Chairman Md. Tanvir...

MERCANTILE BANK INKS DEALS TO INSTALL ATM/CRM AT METRO RAIL STATIONS

Mercantile Bank signed agreements with Dhaka Mass Transit Company Limited (DMTCL) to install ATM/CRM at Motijheel, Dhaka University and Farmgate metro rail stations. The event took place at the conference room of DMTCL Office at Uttara, Dhaka on Wednesday. The bank's DMD & CSBO Adil Raihan and DMTCL Company Secretary...

Shahjalal Islami Bank holds EC meeting ----

The 891st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee (EC). Members of the committee discussed various issues related to...

IPDC and Bangladesh Bank Drive Financial Inclusion in Rajshahi

IPDC Finance PLC and Bangladesh Bank jointly organised an 'Entrepreneur-banker exchange meeting' in Rajshahi on Wednesday, to accelerate financing for entrepreneurs in the Rajshahi silk industry cluster and engage with pre-finance beneficiaries under the Tk 250 billion scheme. The meeting was attended by key representatives from Bangladesh Bank, including Naushad...

DESCO Board of director holds 499th meeting

The 499th meeting of the Board of Directors of Dhaka Electric Supply Company Limited (DESCO) was held on Wednesday. The meeting was presided over by Chairman of DESCO Board and Chief Executive Officer (Secretary) of Public Private Partnership Authority Muhammad Rafiqul Islam. DESCO Managing Director Brigadier General Shamim Ahmed (retd)...

Janata Bank holds view-exchange meeting in Sylhet

A view-exchange meeting with all branch and area chiefs of the Sylhet division of Janata Bank PLC was held at the bank's divisional office in Sylhet recently. Deputy Managing Director of the bank Md Golam Mortuza was present as the chief guest in the meeting while Sylhet division General Manager...

Meena Bazar expands footprint to Mirpur-DOHS

Meena Bazar, a leading supershop brand, opened a new outlet in Dhaka (House 110, North Shagufta New Road, Mirpur DOHS) on Thursday, marking another milestone in the brand's expansion. Residents of Mirpur DOHS can enjoy home delivery services by placing orders via the hotline at 01933-117755. Additionally, they can explore...

Asian stocks rise, oil falls as Trump fans Ukraine peace hopes

HONG KONG, Feb 13 (AFP): Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks.The US president said he expected to meet his...

Cybersecurity firm SailPoint's IPO raises $1.38b in US stock market return

SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder, reports Reuters.The Austin, Texas-based company and its parent Thoma Bravo sold 60 million shares at $23 apiece, giving SailPoint...

India’s Adani quits $442m Sri Lanka power project

COLOMBO, Feb 13 (AFP): Indian conglomerate Adani Group has withdrawn from a troubled $442 million wind power project in Sri Lanka after the island nation's government sought to renegotiate the deal.Sri Lanka's Board of Investment (BOI) said on Thursday it had received a letter from Adani Green Energy Limited saying...