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

Robi's annual profit more than doubles on operating efficiency

Robi Axiata earned a record profit of Tk 7.03 billion last year riding on what it claimed was operating efficiency and strategic investments in a challenging business climate. Its annual profit soared 119 per cent year-on-year but revenue grew less than 1 per cent to Tk 99.50 billion in 2024,...

Olympic Industries plans to boost chocolate production

Biscuit manufacturer Olympic Industries has planned to increase its market share in the chocolate industry through a new investment of Tk 136.64 million. The money will be spent on procuring machinery and other accessories to boost the company's annual chocolate production by 3,300 tonnes, according to a stock exchange filing...

Mercantile Bank launches new features in 'MBL Rainbow' app

Mercantile Bank added new features in its digital banking app "MBL Rainbow", according to a statement.Managing Director Mati Ul Hasan launched the newly added services at the bank's Head Office on Sunday.Mati Ul Hasan said in his speech that from now on customers can instantly open a bank account with...

Govt to export 11,000 tonnes of hilsa to KSA, UAE for BD expats

The government has decided to export 11,000 tonnes of hilsa to the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) for Bangladeshi expatriates, reports UNB."Following the request from Bangladeshi expatriates, who contribute significantly to the country's economy through remittances and have shown solidarity during July movement, plan...

Phoenix Finance gets new MD

Md Mamunur Rashid Molla has joined as the new Managing Director of Phoenix Finance & Investments Limited. Previously, he was serving as the Managing Director & CEO of CVC Finance Ltd. Mr Molla started off his career at Prime Bank PLC in 1995. Later, he worked with the Premier Bank...

Eco Sentinels win Youth Innovation Challenge 2025

Eco Sentinels emerged as winners in the Khulna and Barishal segment of the Youth Innovation Challenge 2025, part of the ongoing Youth Startup Summit 2025.Organised by Startup Bangladesh Ltd. and hosted by the ICT Division, the summit aims to inspire and empower young entrepreneurs across Bangladesh, reports UNB.The event, taking...

SOUTHEAST BANK, VISA DISTRIBUTE 'HAJJ CARDS'

Southeast Bank and Visa organised 'Hajj Card Conference' at FARS Hotel & Resorts in the capital recently. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, presided over the programme and handed over 'Hajj Cards' to Zafor Iqbal Khan, proprietor, IBM Travels; Zahid Alam, proprietor, Bangladesh Air Travels; and Junayed...

PREMIER BANK SHIFTS GULSHAN CIRCLE 2 BRANCH

Premier Bank recently shifted its Gulshan circle-2 branch to a spacious new location to provide modern and "best-in-class" customer services to valued customers. Mohammad Abu Jafar, managing director and CEO of Premier Bank, inaugurated the new outlet as chief guest.

ICB HOLDS TRAINING IN CAPITAL MARKET

The Investment Corporation of Bangladesh (ICB) organised a day-long in Capital Market of Bangladesh at its head office in the capital on Monday. Professor Abu Ahmed, chairman of the ICB board of directors, attended the programme as chief guest, and Md. Abul Hossain, ICB managing director, inaugurated the training session....

SONALI BANK HOLDS BUSINESS CONFERENCE IN KHULNA

Sonali Bank PLC, General Manager's Office, Khulna, arranged a Business Conference at a hotel in Khulna city on Monday. The bank's MD & CEO Md Shawkat Ali Khan was present as the chief guest while General Manager of GM office, Khulna, Mir Hasan Mahammad Zahid presided over the conference. Deputy...

MAKSONS SPINNING MILLS HOLDS 20TH ANNUAL GENERAL MEETING

The 20th Annual General Meeting of Maksons Spinning Mills PLC was held on Monday in a hybrid mode. Chairman of the company Mohammad Ali Khokon presided over the meeting. The Board of Directors recommended no dividend for the financial year 2023-2024, which was unanimously approved by the shareholders at the...

TAKAFUL ISLAMI INSURANCE HIOLDS BRANCH MANAGERS' CONFERENCE-2025

The Branch Managers' Conference-2025 of Takaful Islami Insurance PLC was held in Dhaka recently. Chief Executive Officer Abul Kalam Azad presided over the conference which was attended by Tahmina Afroz, Chairman of the company, as the chief guest. Vice Chairman Emdadul Haq Chowdhury and Director Jahirul Islam were present as...

PUBALI BANK SECURITIES LIMITED OPENS DIGITAL BOOTH IN RAJSHAHI

Pubali Bank Securities Limited, a subsidiary of Pubali Bank, inaugurated a digital booth at the Alupatti Branch of the bank in Rajshahi on Sunday. Mohammed Ahsan Ullah, Managing Director and CEO of Pubali Bank Securities Ltd, was present as the chief guest and Kamrul Ali Ahmed Babu, Proprietor of Bismillah...

China's tech rally rests on 'hot money'

HONG KONG, Feb 17 (Reuters): China's apparent breakthrough in AI and rapprochement with tech giants has sent Hong Kong stocks and internet giants soaring, but the buyers behind it are flighty and brokers say global investors are wary of big bets while markets swing wildly.Hong Kong's Hang Seng has roared...

China's Xi holds rare meet with business leaders amid US tech rivalry

BEIJING, Feb 17 (Reuters): President Xi Jinping held a rare meeting on Monday with some of the biggest names in China's technology sector, such as Alibaba founder Jack Ma, urging them to "show their talent" and be confident in the power of China's model and market.The tightly choreographed pro-business rally,...