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

Future economy must be investment-centric: Amir Khasru

Economy of future Bangladesh will be based on investment-centric model rather than depending on high-powered money and unsustainable levels of debt, said Amir Khasru Mahmud Chowdhury, former commerce minister and standing committee member of BNP.The previous government kept Bangladesh's economy afloat through excessive borrowing and money printing, a model that...

Global Islami Bank posts Tk 9.39b loss in April-June quarter

Shariah-based Global Islami Bank suffered a massive loss of Tk 9.39 billion in the April-June quarter this year, a stark reversal from the Tk 170 million profit posted in the same period last year, as a significant portion of its assets turned non-performing.In a stock exchange filing on Wednesday, the...

Stocks fall for seventh straight day

The Dhaka Stock Exchange has slipped for the seventh consecutive session, with the benchmark index shedding another point to close at 5,314. The previous day, it stood at 5,315, reports bdnews24.com.The continuous decline has steadily eroded market capitalisation, which stood at Tk 7.1 trillion at the close on Wednesday, down...

Ctg port sees revenue rise in FY25

CHATTOGRAM, Aug 13: Chattogram port reported significant growth in its revenue income and the income surplus also increased in the fiscal year (FY) 2024-25, reflecting strong operational performance despite concerns of disruption following last year's July uprising. The port handled record container volumes, improved efficiency, and made substantial contributions to...

PPP Authority, ADB explore rural housing & solar energy for BD

The Public-Private Partnership (PPP) Authority welcomed on Wednesday a consultation mission led by Monica Mei V. Carino-Young from the Asian Development Bank (ADB) to discuss innovative partnership opportunities aimed at improving the quality of life for rural communities in Bangladesh, says a press release.In the meeting with Muhammad Rafiqul Islam,...

IPDC partners with SSG BD to boost SME growth

A memorandum of understanding (MoU) was signed between IPDC Finance PLC and Superstar Group (SSG) Bangladesh in the city on Wednesday. IPDC Finance will extend preferential financial services and solutions to SMEs operating within the value chain of Superstar Group, says a press release.The partnership is expected to create smoother...

AB Bank signs Strategic Partnership with FILPS Limited

AB Bank PLC and FILPS Limited have recently signed an agreement whereby AB Bank will be able to offer digital lending facilities to its customers, marking a significant step towards expanding the bank's digital banking capabilities. Syed Mizanur Rahman, Managing Director & CEO of AB Bank, and Biswas Dhakal, Chief...

MODHUMOTI BANK HOSTS 'TOWN HALL MEETING' IN NAOGAON

Modhumoti Bank has organised a 'Town Hall Meeting and Customer Conference' at the bank's Naogaon Branch in Naogaon recently. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank, was present as the chief guest and Arab Fazlur Rahman, Deputy Managing Director & Chief Business Officer, a special guest.

PRIME BANK PARTNERS WITH SECRET RECIPE & FAIR ELECTRONICS

Prime Bank PLC has recently signed a strategic partnership agreement with Secret Recipe and Fair Electronics, offering its customers exclusive offers on their foods and Hisense electronics products and services. As part of this collaboration, Prime Bank customers will now enjoy exclusive discounts at all Secret Recipe outlets. In addition,...

Nitol Ins holds claim settlement ceremony

A claim settlement ceremony of Nitol Insurance Company Limited was held at its head office in the city recently. Chairman of Hellenic Group Helal Moklesh Alam and Nitol Insurance Company Limited Chief Executive Officer SM Mahbubul Karim, Additional Managing Directors Brig Gen Mesbah ul Alam Chowdhury and Tapas Kumar Podder...

Perplexity AI offers Google $34.5b for Chrome browser

SAN FRANCISCO, Aug 13 (AFP): Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.The whopping sum proposed in a letter of intent by Perplexity is nearly double the value of...