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

Stocks at their lowest in 6 months on panic sales over lockdown, margin rules

The broad index of the Dhaka bourse experienced a loss of 122.64 points on Thursday, marking the biggest single-day fall in the last six months, following panic sales triggered by the countrywide lockdown called by the party of the ousted government.The Dhaka Stock Exchange (DSE) opened the day's session on...

Jamuna Oil's profit hits all-time high on margin hike, interest gains

Jamuna Oil Company earned a record profit of Tk 6.48 billion in FY25, supported by higher sales margins and substantial income from bank deposits.The state-run oil distributor registered a 47 per cent year-on-year growth in profit for the year ended in June this year, according to a stock exchange filing...

DESCO back in profit in Q1 on increased distribution margin

Dhaka Electric Supply Company (DESCO) secured a profit of Tk 583 million in the first quarter through September this year, marking a strong turnaround from a loss of Tk 322 million in the same quarter last year.Higher distribution revenue and foreign exchange gains due to favorable exchange rates are two...

ICB's losses double in July-Sept

The state-owned Investment Corporation of Bangladesh (ICB) reported a loss of Tk 1.54 billion for the first quarter of FY26, more than double the loss incurred in the same period last year.The poor financial results came as no surprise to investors, as last month the investment bank declared a record...

City Bank publishes climate report following global sustainability standards

City Bank published Climate Report 2024 in alignment with International Sustainability Standards Board's (ISSB) IFRS S1 and IFRS S2 standards, according to a press statement.The report aims to provide investors, regulators, and stakeholders with information showing how sustainability and climate-related risks and opportunities are embedded in "our governance, risk management...

PUBALI BANK PROVIDES FINANCIAL ASSISTANCE TO MIST

Pubali Bank recently provided financial assistance to students of the Department of Electrical, Electronic and Communication Engineering at the Military Institute of Science and Technology (MIST) for their innovative project "MIST Mavirov". Pubali Bank's Managing Director and CEO Mohammad Ali handed over a cheque to Professor Didarul Islam, of MIST.

AL-ARAFAH ISLAMI BANK INKS DEAL WITH DEEN ISLAMIC

Al-Arafah Islami Bank has signed a strategic partnership agreement with Maverick Enterprise Limited (Deen Islamic), a digital Islamic platform to strengthen Islamic lifestyle solutions and enhance customer convenience. The signing ceremony took place at the bank's head office on Wednesday.The agreement was signed by Deputy Managing Director S. M. Abu...

Sweden's Modern Times seeking $450m IPO for India unit PlaySimple, sources say

MUMBAI, Nov 13 (Reuters): Swedish entertainment company Modern Times Group is planning to launch a $450 million initial public offering of its Indian game developer in Mumbai, two sources with direct knowledge of the matter said. Founded in 2014, Bengaluru-based PlaySimple offers mobile word games like the Daily Themed Crossword...

German envoy pledges to promote bilateral trade

German Ambassador Dr Rüdiger Lotz expresses the optimism that Bangladesh will soon rejoin the ranks of vibrant democracies as it prepares for what he calls "the biggest democratic elections in the world" in 2026, when over 127 million citizens are expected to vote."At a time when democracy faces challenges across...

BUFT National Quiz Competition ends

BGMEA University of Fashion & Technology (BUFT) successfully hosted the 'M&J Group Presents BUFT National Quiz Competition 2025', powered by Giant Group and organised in association with the BUFT Brand Ambassador Team, at the BUFT Auditorium in Dhaka recently. Faruque Hassan, Chairman of the Board of Trustees (BoT) of BUFT...

Shwapno launches 'Lakhopoti' campaign

Shwapno, the No. 1 retail chain brand in the country, has launched a new campaign titled 'Shwapno Protidin Lakhopoti' (Shwapno Everyday Lakhpoti).During the campaign that began on November 1, customers can win Tk 100,000 every day by shopping for just Tk 1,000 or more at any Shwapno outlet or through...

WTO affirms support for BD's trade transition post-LDC graduation

The World Trade Organization (WTO) has affirmed its commitment to providing robust support for Bangladesh as the nation approaches its scheduled graduation from Least Developed Country (LDC) status in 2026, reports BSS.To this end, WTO Deputy Director-General Xiangchen Zhang outlined comprehensive measures and transition periods designed to mitigate potential market...

Jalalabad Gas Transmission and Distribution System Ltd holds AGM

The 39th Annual General Meeting (AGM) of Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL), a company of Petrobangla, was held at the Petrobangla board room in the city on Wednesday. The meeting was presided over by the company's Board Chairman Md Ziaul Huq, Additional Secretary, Energy and Mineral Resources...

Shahjalal Islami Bank holds 907th EC meeting

The 907th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee. The members of the committee discussed various issues related...