Summit Power's income rises 51pc in FY24 on import cost cuts
Summit Power secured a remarkable 51 per cent year-on-year growth in profit to Tk 3.34 billion in FY24, driven by lower import costs amid stable foreign exchange rates.Its consolidated earnings per share (EPS) rose to Tk 3.13 in FY24 from Tk 2.07 the year before, according to a stock exchange...
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Shipping Corporation's profit up on higher freight charges
Bangladesh Shipping Corporation (BSC) showed a 7 per cent year-on-year increase in profit to Tk 536 million in the second quarter of FY25. Factors that contributed to the profit growth were increased freight rates, enforcement of the Bangladesh Flag Vessels (Protection) (Amendment) Act, appreciation of the US dollar and higher...
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Regulator imposes fines of Tk 66.3m for stock price manipulation
The Bangladesh Securities and Exchange Commission (BSEC) has imposed fines worth Tk 66.3 million on seven individuals, including Md. Abul Khayer, and two companies, for manipulating the stock price of NRB Commercial Bank.It penalized two more individuals with fines of Tk 2 million for manipulating the stock price of Orion...
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Prime Bank launches books in Braille on financial literacy
Prime Bank published books on consumer & SME banking in Braille for visually impaired people, according to a statement. The bank's Chief Executive Officer Hassan O. Rashid handed over the books to Dr. Md. Habibur Rahman, deputy governor of the Bangladesh Bank (BB), at a ceremony at the BB recently....
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MTB FOUNDATION PARTNERS WITH QUASEM FOUNDATION FOR EYE CARE TO THE POOR
MTB Foundation signed an agreement with Quasem Foundation to implement a project titled 'Eyesight Restoration Camps', aimed at providing quality eye care services to low-income communities in the remote areas of Rangpur Division. Tasvir Ul Islam, general secretary, Quasem Foundation; and Samia Chowdhury, chief executive officer, MTB Foundation, signed the...
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ISLAMI BANK RANGPUR ZONE HOLDS AGENT BANKING CONFERENCE
Rangpur Zone of Islami Bank Bangladesh PLC organised an 'Agent Banking Business Development Conference' and a workshop on 'Prevention of Money Laundering & Terrorist Financing' on Monday at a community centre in Rangpur. Md Abdul Jalil, independent director of the bank, was present as the chief guest. Dr M Kamal...
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Social Islami Bank hosts Business Review Meeting
Social Islami Bank PLC arranged a Business Review Meeting on Monday at the head office of the bank. Md. Nazmus Saadat, Managing Director (Acting), was present as the chief guest. The meeting was chaired by A A M Habibur Rahman, Deputy Managing Director. Divisional Heads and Senior Executives of the...
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