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

BRAC, City banks' investment income offsets core business slowdown

Both BRAC Bank and City Bank secured a year-on-year growth in profit in the first quarter through March this year despite a decline in interest income as their investment income jumped. City Bank showed a 2.88 per cent year-on-year rise in net profit to Tk 0.93 billion in the first...

MTB unveils nation's first AI contact centre

Mutual Trust Bank (MTB) recently launched the country's first AI driven voice-based contact centre.This innovative solution is set to redefine MTB's customer services through a faster, smarter and seamless banking experience, according to a press statement.After the introduction of this AI-powered assistant, MTB customers can access essential banking services, such...

EPZs, EZs attract $480m investments in FY25

The Bangladesh Export Processing Zones Authority (BEPZA) has secured a total investment of US$480 million from 32 local and foreign companies during the 2024-25 fiscal year up to May 13.By attracting the investments, directed toward enterprises in the country's Export Processing Zones (EPZs) and the BEPZA Economic Zone (EZ), BEPZA...

Stocks take further blow as investors not swayed by supportive measures

The country's stock market continued to suffer erosion despite a decline in interest rates of Treasury bonds and market supportive measures announced by the interim government. Higher rates of Treasury bonds surpassing 12 per cent have been blamed for a diversion of funds from the equity market to fixed-income securities...

3 new RMG factories get LEED certification

Three new RMG factories in the country got LEED certification, which is testament to the country's unwavering commitment to environmental sustainability in the Ready-Made Garment (RMG) sector, reports BSS.The three new LEED certified RMG factories are: Tasniah Fabrics Ltd. Admin Building, Nayapaya, Kashimpur, Gazipur, Bangladesh; Tasniah Fabrics Ltd. RMG Building,...

AI-powered Lenovo laptop launched

Global Brand PLC, Lenovo's authorised distributor, has launched the new AI-powered Lenovo LOQ gaming laptop in Bangladesh market. Equipped with advanced technology and AI optimization, this laptop is ideal for gamers, streamers, and content creators, says a statement.The laptop features a 13th generation Intel Core i7-13650HX processor, 24GB DDR5X RAM,...

Sonali Bank signs deal with Karnaphuli Gas

Sonali Bank PLC signed an agreement with Karnaphuli Gas Distribution Company Limited (KGDCL) to collect gas bills and fees from customers through the Sonali Payment Gateway. The signing ceremony was held at the KGDCL head office conference room on Tuesday. KGDCL Managing Director Md. Salahuddin and the bank's Deputy Managing...

Union Bank holds 10th meeting of newly formed Audit Committee

The 10th meeting of the newly formed Audit Committee of the Union Bank PLC was held at the bank's Head Office in Dhaka on Monday. Chairman of the Audit Committee Sheikh Zahidul Islam presided over the meeting. Member of the Audit Committee & Independent Director Mohammad Saiful Alam and Managing...

South Asia Insurance hands over claim cheque

Muhammad Nurul Alam Chowdhury, Chief Executive Officer of South Asia Insurance Company Limited, handed over a fire insurance claim cheque to Md. Nurul Amin, a prominent businessman of Noakhali, Chaumuhani, recently. Md. Nurul Amin, proprietor of the insured M/s Al Noor Enterprise, Md. Abdur Razzak, Assistant Managing Director and Company...

UTTARA BANK holds 42nd Annual General Meeting

Uttara Bank PLC declared 35% dividend (17.50% cash and 17.50% stock) for the year 2024 and approved the Annual Report-2024 at its 42nd Annual General Meeting held on a digital platform on Monday. The meeting was presided over by Azharul Islam, Chairman of the Board of Directors of the bank....

JANATA BANK HOLDS SPECIAL TASK FORCE MEETING

Janata Bank PLC held a meeting of its special task force on the recovery of classified loans at the head office of the bank in Dhaka on Tuesday. Managing Director Md Mazibur Rahman presided over the meeting attended by Deputy Managing Directors Md Nazrul Islam and Md Ashraful Alam, and...

Samsung launches slimmest smartphone

SEOUL, May 13 (Reuters): Samsung Electronics made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple on the premium market.The S25 Edge launch is designed to appeal to increasing demand, especially from consumers in their...