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

Drug makers' growth hinges on whether they can raise money

The country's pharmaceutical industry has great potential to grow further, with the rising income and aged population and expansion of export markets, but it has not yet built capacity to explore fund-raising options, including IPO. Of as many as 200 local companies, only 19 firms of the industry have listed...

Stocks edge up as tension over next polls eases

Stocks extended the winning streak for the second straight session on Sunday, the first trading day after Eid holidays, driven by investors' buying interest in selective blue chip shares.Market analysts said the market reacted positively to the recent developments on the political front over next polls. Chief Adviser Prof Muhammad...

Four more apparel units get LEED certification

Four more readymade garment (RMG) factories in Bangladesh have secured Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC).Obtaining of such LEED certification gives a clear indication of the sector's growing commitment to green manufacturing and a continued stride towards sustainable industrialisation.Of the newly...

MUTUAL TRUST BANK LAUNCHES 'MTB NRB ACCOUNT'

Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank (MTB) has recently launched the MTB NRB Account, a revolutionary financial solution tailored specifically to meet the unique needs of non-resident Bangladeshis (NRBs) at MTB head office. This innovative product simplifies the account opening process and offers NRBs secure,...

Bagerhat’s women weave global impact with eco-friendly crafts

BAGERHAT, June 15 (UNB): In a quiet corner of Bagerhat's Basabati area, the hum of sewing machines, the rustle of coconut husks and the steady hands of women workers are quietly shaping a story of empowerment, innovation and global reach.Here, female entrepreneur Rozy Ahmed has established a women-led cottage industry...

BRAC BANK PROMOTES 'PROBASHI PORIBAR' ACCOUNT

BRAC Bank has organised a customer engagement event in Daudkandi, Cumilla, aimed at raising awareness among remittance beneficiary families about the benefits of using formal banking channels, with a focus on the bank's specialised remittance products, such as 'Probashi Poribar' and 'TARA Probashi Poribar' accounts. Held at the Daudkandi Agent...

US-China trade truce leaves military-use rare earth issue unresolved

BEIJING/SINGAPORE, June 15 (Reuters): The renewed US-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters.Beijing has not committed to grant export...

Investors on edge over Israel-Iran conflict, anti-Trump protests

NEW YORK, June 15 (Reuters): Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to US-wide protests against US President Donald Trump that threatened more domestic chaos.Israel launched a barrage of strikes across Iran on Friday and...

Gulf markets fall as Israel-Iran conflict escalates

DUBAI/BANGALORE, June 15 (Arab News): Stock markets across the Gulf fell on Sunday morning after Israel and Iran launched fresh attacks on each other overnight, sparking fears of a widening conflict in the Middle East.Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders in strikes...

Amazon to invest $13b in Australia's data defence infrastructure

SYDNEY, June 15 (Reuters): Amazon will invest A$20 billion ($12.97 billion) from 2025 to 2029 to expand, operate and maintain its data defence infrastructure in Australia, bolstering the nation's artificial intelligence capabilities, it said in a blog post on Saturday.The investment is Amazon's largest global technology commitment in Australia, with...

UAE posts 4pc GDP growth in 2024

JEDDAH, June 15 (Arab News): The UAE's gross domestic product reached 1.77 billion dirhams ($481.4 billion) in 2024, recording 4 per cent growth, with non-oil sectors contributing 75.5 per cent of the total, highlighting diversification progress.The Central Bank of the UAE has maintained its real GDP growth forecast at 4...

Almarai to acquire Pure Beverages Industry Co. in $277m deal

RIYADH, June 15 (Arab News): Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position. Pure Beverages Industry Co. is a bottled drinking water producer in the Kingdom, known for...