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

JMI Hospital Requisite injects fresh funds into Apollo-partnered hospital

JMI Hospital Requisite Manufacturing has approved a further investment of Tk 115 million in its newly inaugurated subsidiary - JMI Specialized Hospital.The leading medical device manufacturer and flagship company of JMI Group will purchase machinery and provide working capital to the hospital.Company Secretary Md. Safiqur Rahaman said the board had...

Govt assurance raises hopes of general shareholders in Islamic bank merger

A government announcement concerning shareholders of the five troubled Islamic banks being merged has raised hopes among general shareholders."The matter of protecting investors' interests is being carefully examined in the merger process," reads an official statement issued by the Ministry of Finance on Monday.Though the press release did not explicitly...

BD Lamps cuts quarterly loss by 79pc on higher sales

Bangladesh Lamps, widely known as BD Lamps, cut its losses by 79 per cent year-on-year to Tk 12.5 million in the first quarter through September, driven by higher sales.The electric bulb and energy-saving light manufacturer saw its overall sales rise around 16 per cent year-on-year to Tk 488 million during...

MIDA eyes deep-sea fishing in Maheshkhali's transformation push

The Maheshkhali Integrated Development Authority (MIDA) has identified deep-sea fishing and blue economy expansion as the new frontier for Maheshkhali's transformation, placing the sector alongside industrialisation, energy hub development, and deep-sea port as its fourth strategic pillar, reports UNB.The decision came at a high-level stakeholder consultation held in the city...

DBL Ceramics turns waste into TileChalk for students

DBL Ceramics has launched an innovative sustainability initiative, TileChalk, transforming previously unusable residue sludge from its ceramic manufacturing process into classroom chalk for underserved schools across Bangladesh.Once the primary writing tool in classrooms, traditional chalk has been largely replaced by plastic-based whiteboard markers, contributing to the growing plastic waste problem....

SOUTHEAST BANK LAUNCHES 9 AGENT BANKING OUTLETS

Southeast Bank formally launched nine agent banking outlets - "Shagotom" to facilitate the people outside the formal banking system across the country, especially in the rural and semi-urban areas in Feni, Tangail, Cumilla, Noakhali, Dhaka & Manikganj. Abidur Rahman Chowdhury, managing director (current charge), Southeast Bank, virtually inaugurated the outlets....

BRAC BANK INAUGURATES NEW BRANCH IN NIKUNJA

BRAC Bank inaugurated a branch at Nikunja in the capital to provide the best services and a delightful banking experience to its customers. BRAC Bank's Managing Director & CEO Tareq Refat Ullah Khan formally inaugurated the branch at Asian Tower in Joar Sahara Commercial Area in Dhaka on Sunday. Deputy...

MTB FOUNDATION CELEBRATES ANNIVERSARY WITH GRANT DISTRIBUTION

MTB Foundation, as part of MTB's anniversary celebration and its project titled 'Creating Alternative Livelihood for Vulnerable Fishing Communities through Income Generating Activities (IGAs)', distributed livelihood assets grant to vulnerable fishing communities. A large number of households of Lalpur Union and Chandpur Pourasabha in Chandpur district received the grant. Samia...

Modhumoti Bank 90th board meeting held

The 90th meeting of the Board of Directors of Modhumoti Bank PLC was held on Monday. Humayun Kabir, Chairman of the Board of Directors, presided over the meeting. Members of the Board Mohammad Ismail Hossain, Nemai Kumar Saha, Salahuddin Alamgir, Mostafa Kamal, Tanjima Binthe Mostafa, A Mannan Khan, Md Mahbubur...

Islami Bank holds board meeting-----

A meeting of the board of directors of Islami Bank Bangladesh PLC was held at the Islami Bank Tower in the city on Monday. Chairman of the bank Prof Dr M Zubaidur Rahman presided over the meeting. The board decided to hold the Annual General Meeting (AGM) of the bank...

RUPALI BANK LAUNCHES BUSINESS CRASH PROGRAMME

Rupali Bank PLC launched a 75-day Business Crash Programme on Sunday, with a special focus on opening new accounts, collecting deposits, disbursing CMSME loans, recovering classified loans, and rescheduling classified loans. Managing Director Md Wahidul Islam inaugurated the campaign at the head office of the bank in Dhaka on Monday....

Asian equity markets drop after Trump reignites tariff row

HONG KONG, Oct 13 (AFP): Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.However, the losses were tempered slightly by a more conciliatory tone on Sunday when Trump described Chinese...

JPMorgan to invest up to $10b in US companies critical to nat’l security

NEW YORK, Oct 13 (Reuters): JPMorgan Chase on Monday unveiled a plan to hire more bankers and invest up to $10 billion in US companies considered critical to US national security and economic resilience.The move is part of a broader 10-year $1.5 trillion initiative to facilitate, finance and invest in...

Goldman Sachs loses senior bankers after leadership reshuffles

NEW YORK, Oct 13 (Reuters): Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shakeups and a sluggish start to 2025 drove them to seek new opportunities, according to three sources familiar with the situation.Some bankers left because they...

Samsung set for highest Q3 profit in three years

SEOUL, Oct 13 (Reuters): Samsung Electronics is expected to post its highest third-quarter profit since 2022, driven by higher memory chip prices supported by server demand as customers rebuild inventories, analysts' estimates showed.The world's biggest maker of memory chips is projected to report an operating profit of 10.1 trillion won...