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

RACE regains control over mutual funds as regulator halts its probe

RACE Asset Management has regained its control over fund management after the withdrawal of two orders issued by the securities regulator eight months back. Also, the authorized and unauthorized beneficiary owners' (BO) accounts opened by RACE, which had been suspended by the previous commission over alleged fund mismanagement, are to...

Asiatic Laboratories' profit up 16pc in Q2

Asiatic Laboratories reported a 16.13 per cent year-on-year growth in profit to Tk 88.12 million in the second quarter of FY25 through December last year. The earnings per share stood at Tk 0.72 for October-December of FY25, up from Tk 0.62 for the same quarter of the previous year.Asiatic Laboratories...

CITY BANK, IFAD MOTORS INK CASH MANAGEMENT SOLUTION DEAL

City Bank signed an agreement to facilitate IFAD Motors Limited with cash management solution for distribution of Royal Enfield motorcycles in Bangladesh. The signing ceremony was held recently at the bank's head office. City Bank Managing Director & Chief Executive Officer Mashrur Arefin and IFAD Motors Limited Managing Director Taskeen...

PRIME BANK & BKASH ENTER INTO PAYROLL AGREEMENT

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed a new payroll agreement with bKash Limited. Under this agreement, Prime Bank will provide a seamless payroll management solution that will streamline salary disbursements and offer exclusive banking services to bKash Limited's employees....

SOUTHEAST BANK SIGNS MOU WITH SIKDER INSURANCE COMPANY

Southeast Bank signed a memorandum of understanding (MoU) with Sikder Insurance Company Limited (SICL) to provide banking services, including payroll banking, Corporate Payment Module, and other financial solutions. The bank's Managing Director Nuruddin Md. Sadeque Hossain and SICL Managing Director & CEO Sk. Abdur Rafique exchanged the agreement. This partnership...

RMG exports to EU post moderate growth

Bangladesh's Ready-Made Garment (RMG) exports experienced moderate growth during the July-January period of the current fiscal year (FY25) with the European Union (EU) continuing to be a pivotal market, reports BSS.The Export Promotion Bureau's (EPB's) recently published country-wise export data for the July-January period of the current fiscal year (2024-25)...

Rafiqul Islam joins as Additional DG at BWDB

Engineer Md Rafiqul Islam Choube took over as the Additional Director General (West Region) at the Bangladesh Water Development Board (BWDB) on February 11, says a statement. Prior to his new assignment, he served as the chief engineer (civil), Monitoring. Mr Rafiqul joined the BWDB as an assistant engineer (civil)...

Dr Kamrul appointed BAEC Chairman

Dr Md Kamrul Huda, the Chief Scientific Officer and Director of the Quality Management Department of the Bangladesh Atomic Energy Commission (BAEC), has been appointed as the Chairman (current charge) of the BAEC, says a statement.During his 33-year career at the BAEC, Dr Kamrul Huda has carried out various types...

ABB condemns attack on BB-appointed administrator at Nagad

The Association of Bankers, Bangladesh Limited (ABB) has strongly condemned the recent attack on the Bangladesh Bank-appointed Administrator at Nagad, Muhammad Badiuzzaman Didar.In a statement, ABB Chairman Selim R. F. Hussain denounced the assault, saying that such acts are a blatant attempt to undermine governance, accountability, and the rule of...

SONALI BANK STAFF COLLEGE TRAINING COURSE BEGINS

Sonali Bank PLC MD & CEO Md Shawkat Ali Khan inaugurated a 12-day training course titled 'Project Financing: Appraisal & Capital Assessment' organised by the Sonali Bank Staff College at its hall room in Dhaka on Sunday. Principal of the Staff College Shahida Khanam presided over the ceremony.

UTTARA BANK OPENS NEW PREMISES OF CHAPRASHIRHAT SUB-BRANCH

Md Jahangir Alam, Deputy General Manager & Zonal Head (Cumilla Zone) of Uttara Bank PLC, inaugurated the new premises of the bank's Chaprashirhat Sub-Branch (Hazi Mansion, DC Market, Chaprashirhat, Kabirhat, Noakhali) on Sunday. Local dignitaries were present on the occasion.

UNION BANK HOLDS ANNUAL MANAGER'S CONFERENCE 2025

The Annual Manager's Conference 2025 of Union Bank PLC was held at the bank's Head Office in Dhaka recently. Chairman of the Board of the Directors of the bank Md Fariduddin Ahmad was present as the chief guest. Chairman of the Audit Committee Sheikh Zahidul Islam, Independent Director and Member...

MICLO OPENS 15TH OUTLET IN CHATTOGRAM

'MICLO Bangladesh' has opened its 15th outlet at Sanmar Ocean City at West Nasirabad in Chattogram recently. Popular singer and actor Tahsan Khan and actress Tasnia Farin inaugurated MICLO's new showroom. Inspired by the Japanese lifestyle, 'MICLO' is committed to providing high-quality and desirable apparel within customers' purchasing power.