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

Central bank is to protect depositors, not investors, BB governor says

Bangladesh Bank Governor Ahsan H Mansur said the central bank would not be lenient while taking measures to discipline the banking sector.He said this at a virtual press conference from Dubai when his attention was drawn to the matter that 23 banks could not publish their financial statements for 2024...

IPDC Finance's profit up 98pc on high investment income

IPDC Finance has reported a 98.8 per cent year-on-year surge in profit to Tk 37 million for the first quarter through March this year, supported by high returns from investments in government securities. Investment income saw a sharp 134.8 per cent year-on-year surge to Tk 239 million as earnings from...

With overdue bills cleared, BD set for regular payments to LNG, oil suppliers

Bangladesh is now optimistic enough about paying the suppliers of liquefied natural gas (LNG) and petroleum products and international oil companies (IOCs) on a regular basis in the future."As all overdue bills are cleared now, making timely payments to energy suppliers in the future will no longer be a problem....

BRAC Bank, VisionSpring eye care to reach 61,500

A partnership of BRAC Bank and VisionSpring to screen the vision of workforce groups and communities requiring eye care will reach 61,500 individuals by the end of 2025, with 40 per cent of the target group already covered.More than 80 per cent of those, who have already received glasses, are...

Bank Asia Agent Banking introduces 'Wet Market Collection' service

Bank Asia Agent Banking for the first time has introduced wet market-centric customer service initiative 'Wet Market Collection' aiming to simplify, secure and digitize cash handling for small-large scale traders in local wet markets and make daily transactions more efficient and reliable.Ziaul Hasan, deputy managing director and head of Channel...

Nestle launches NIDO 5+

Nestlé Bangladesh PLC launched its latest product, NIDO School Age 5+, especifically designed for school-going children, on Monday. The Ambassador of Switzerland to Bangladesh, Reto Renggli, launched the product as the chief guest. NIDO 5+is the only Swiss brand that is specifically formulated with 20 vitamins and minerals for children...

New BJSA chair, vice chair elected

The Bangladesh Jute Spinners Association (BJSA) has elected Tapas Pramanik as its chairman and Sk Farook Hossain as vice chairman.The new executive committee of the association for 2025-2026 and 2026-2027 was formed at its 46th Annual General Meeting held at a city convention centre recently.The minutes of the previous meeting,...

NATIONAL FINANCE AND TROPICAL HOMES SIGN MOU FOR LOAN SERVICES

National Finance and Tropical Homes Limited have entered into a strategic partnership with the signing of a Memorandum of Understanding (MoU). As part of the agreement, clients purchasing properties from Tropical Homes will now enjoy preferential loan rates and expedited service from National Finance. Irteza Ahmed Khan, Managing Director of...

In Tesla's wake, more big companies propose voting "Dexit" to depart Delaware

WILMINGTON, DEL., May 14 (Reuters): In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state's longtime reputation as Corporate America's capital, Reuters has found.Five companies with a stock market...