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

Listed foreign firms' Q1 earnings slump amid stubborn inflation, energy disruptions

This year has so far brought no relief to listed multinational companies (MNCs), with earnings declining in the first quarter compared to the same period last year as inflation has not let up.Persistently high inflation, squeezing consumer demand, and rising operating costs due to increases in the costs of raw...

Bangladesh Finance continues recovery with 120pc profit jump

Non-bank financial institution Bangladesh Finance posted a 120 per cent year-on-year jump in first-quarter profit to Tk 20.71 million, supported by higher investment income and the reversal of provisions.Its earnings per share (EPS) rose to Tk 0.11 for the January-March quarter from Tk 0.05 in the same period a year...

MTB CAPITAL ACTS AS ARRANGER FOR TECHNO DRUGS' TK 500M CONVERTIBLE BOND-

MTB CAPITAL ACTS AS ARRANGER FOR TECHNO DRUGS' TK 500M CONVERTIBLE BONDTechno Drugs approved the issuance of a convertible, redeemable bond at its 196th board meeting held on Thursday. The issuance remains subject to shareholders' and regulatory approval. The company was listed on the capital market in 2024 and raised...

BRAC BANK OFFERS CASH MANAGEMENT SOLUTIONS TO KARMASANGSTHAN BANK -

BRAC BANK OFFERS CASH MANAGEMENT SOLUTIONS TO KARMASANGSTHAN BANK BRAC Bank has partnered with Karmasangsthan Bank to offer enhanced digital cash management solutions across the country. Under the agreement, BRAC Bank will collect loan instalments and savings deposits from customers of Karmasangsthan Bank and the two banks will establish application...

AL-ARAFAH ISLAMI BANK, DCIMCH SIGN AGREEMENT -

AL-ARAFAH ISLAMI BANK, DCIMCH SIGN AGREEMENT Al-Arafah Islami Bank signed a memorandum of understanding recently with Dhaka Central International Medical College and Hospital (DCIMCH). Under this agreement, the Shariah-based bank's directors, officers and employees, all cardholders and their dependent family members will get special discount benefits on various healthcare services...

Britain's pound, stocks and bonds fall on political uncertainty

LONDON, May 17 (Reuters): British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK assets in the mire.Sterling fell to a five-week low and is down almost 2 per cent against the dollar this week, set for...

Bond yield spike is risk to unprepared equities market, investors warn

PROVIDENCE, Rhode Island, May 17 (Reuters): Investors are warning that lofty US stock markets have not yet priced in the risk of rocketing inflation and are vulnerable to a sharp spike in bond yields.Equity markets have been propelled by robust first-quarter earnings and expectations of boosts from artificial intelligence, overshadowing...

SHAHJALAL ISLAMI BANK HOLDS 408TH BOARD MEETING --

SHAHJALAL ISLAMI BANK HOLDS 408TH BOARD MEETING The 408th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held at its Corporate Head Office in Dhaka recently. The meeting, presided over by Board Chairman Mohammed Younus, approved a number of investment proposals. Vice-Chairmen Mohiuddin Ahmed and Fakir...

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE-----

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCEThe Comilla Divisional Office of Janata Bank PLC held a branch managers' conference on May 13. Managing Director of the bank Md Mazibur Rahman attended the event as the chief guest. The conference was presided over by General Manager of the Comilla Divisional Office Umme...

SONALI INVESTMENT HOLDS 16TH AGM---

SONALI INVESTMENT HOLDS 16TH AGMThe 16th Annual General Meeting (AGM) of Sonali Investment PLC, a subsidiary of Sonali Bank PLC, was held at the bank's head office conference room in Dhaka on Sunday. Chairman of Sonali Investment and MD & CEO of Sonali Bank Md. Shawkat Ali Khan presided over...

STEP FOOTWEAR SIGNS MOU WITH IBN SINA TRUST

STEP FOOTWEAR SIGNS MOU WITH IBN SINA TRUST Step Footwear, the country's leading footwear brand, signed a Memorandum of Understanding (MoU) with and Ibn Sina Trust recently to ensure improved, high-quality and affordable healthcare services for Step Footwear employees. Step Footwear Managing Director Shamim Kabir and Ibn Sina Trust AGM...