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

Petroleum product distributors' business overshadowed by fixed income

Petroleum and lubricant product distributors in the country witnessed a significant year-on-year jump in profit in FY24 as their non-operating income shot up amid rising interest rates. Of the four listed distributors, Eastern Lubricants experienced a 25.34 per cent year-on-year rise in income to Tk 0.036 billion in the year...

SHAHJALAL ISLAMI BANK AWARDED FIRST PRIZE BY ICMAB

SHAHJALAL ISLAMI BANK AWARDED FIRST PRIZE BY ICMABShahjalal Islami Bank won the first prize (gold award) at 'ICMAB Best Corporate Award-2023' for its performance in various indicators based on the banks annual reports for 2023. The bank received the award from the Institute of Cost and Management Accountants of Bangladesh...

The urgency of climate finance: Is the world ready to commit?

BAKU, Nov 17 (Arab News): As global leaders gather in Baku for the COP29 UN climate change conference, the focus on climate finance has never been more pressing. This year's conference theme, "Accelerating Climate Action for Sustainable Development," suggests that climate action must advance economic stability as well as address...

MTB OFFERS COLLATERAL-FREE LOAN TO BASIS MEMBERS

MTB OFFERS COLLATERAL-FREE LOAN TO BASIS MEMBERSMutual Trust Bank (MTB) partnered with the Bangladesh Association of Software and Information Services (BASIS) to offer collateral-free loans to BASIS members. This strategic collaboration aims to provide BASIS members with easy access to credit facilities. Md. Khalid Mahmood Khan, AMD and chief business...

Techno Drugs' post-IPO profit plunges 24pc in Q1

Newly-listed Techno Drugs endured a 24 per cent year-on-year decrease in profit to Tk 78 million in the first quarter through September of FY25, mainly due to lower sales for dwindling demand from the government.The earnings per share (EPS) fell to Tk 0.63 for July-September this year from Tk 1.09...

ICB CAPITAL MANAGEMENT HOLDS ANNUAL GENERAL MEETING

ICB CAPITAL MANAGEMENT HOLDS ANNUAL GENERAL MEETINGThe 24th annual general meeting of ICB Capital Management Limited (ICML), a subsidiary of Investment Corporation of Bangladesh (ICB), was held on Friday at the head office of the company in the capital's Kakrail. Md Abul Hossain, chairman of the board of directors of...

EASTERN BANK HOSTS FINANCIAL LITERACY PROGRAMME

EASTERN BANK HOSTS FINANCIAL LITERACY PROGRAMME Eastern Bank hosted a financial literacy programme as the lead bank at the Royal Palace Convention Hall in Narsingdi on Tuesday. The event was organised as part of Bangladesh Bank's (BB) financial literacy programme. Fifteen cheques were distributed to beneficiaries from various banks. The...

Most Asian bonds faced foreign outflows in Oct on US election jitters

Foreigners sold off most Asia ex-China bond markets in October as they were cautious ahead of the US presidential election, reports Reuters. The potential for a Donald Trump victory, which ended up being the actual result, raised concerns of increased inflation from his planned tariffs and tax cuts, which lowered...

Lobby group asks Trump for investment rules overhaul

A trade group has asked the incoming Trump administration to consider a "comprehensive plan" for updating the US Securities and Exchange Commission's regulatory framework for investment companies, according to a letter seen by Reuters, reports Reuters.The letter from the Investment Company Institute is the latest financial sector wish list to...

Investors circle the Trump trade's global market victims

LONDON, Nov 17 (Reuters): Big global investors are exiting popular trades that bet on US President-elect Donald Trump's tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election's biggest market victims.After US stocks and the dollar bounced on Trump's...

Pangaon terminal activities decreasing due to high freight rate

CHATTOGRAM, Nov 17: Customs-related problems, high freight rates, and a number of accidents are seen as primary reasons for the significant reduction in activities at the Pangaon Inland Container Terminal (ICT) by the Buriganga River in Keraniganj. The Chittagong Port Authority (CPA) sources said that a total of 147 ships...

POPI to enjoy employee banking benefits from BRAC Bank

BRAC Bank has entered into a partnership with People's Oriented Program Implementation (POPI), a non-government organization, to extend exclusive employee banking propositions, says a press release. Under the partnership, POPI employees will enjoy a convenient and delightful banking experience, including access to salary accounts, multi-currency debit cards, credit cards, loan...