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

BSRM posts record profit in FY25 on higher sales, lower input costs

Bangladesh Steel Re-Rolling Mills (BSRM) has secured a record profit in FY25 in a challenging business environment, driven by higher sales and lower input costs.It earned a consolidated profit of Tk 6.14 billion in the year, a 42 per cent year-on-year increase from the year before, according to a stock...

Why fresh funds are so urgent

The Investment Corporation of Bangladesh (ICB) is hopeful of returning to profit if it gets immediate liquidity support to overcome its liabilities.The largest investment bank, which is highly dependent on the secondary market for revenue generation, has already shown signs of recovery, securing a 90 per cent year-on-year growth in...

BD, China vow to strengthen cooperation marking 50 years of diplomatic ties

Bangladesh and China have reaffirmed their commitment to deepening cooperation and advancing shared development as the two nations marked the 50th anniversary of diplomatic relations, reports BSS.The pledge came at a seminar titled "Join Hands to Act on the Four Global Initiatives and Promote Common Development of Bangladesh and China"...

Ikhtier Khan new vice chairman of Mercantile Bank Securities

Mercantile Bank Securities Limited (MBSL) has elected Md Ikhtier Khan Prince as its new Vice Chairman recently, says a press release.This was disclosed at the 75th board meeting of MBSL held recently. Mr Prince is a seasoned business leader with extensive experience in industrial and financial ventures. He is the...

IFIC Bank stands beside women on tech advancement

IFIC Bank has been conducting a nationwide campaign under the initiative "Stand beside Women on Tech Advancement" distributing computers to educational institutions across the country. As part of the initiative, IFIC Bank has donated computers and books at Holy Family School, Mymensingh recently.Representing IFIC Bank at the event were Khandaker...

PRIME BANK PARTNERS WITH BTI TO OFFER DISCOUNTS ON APARTMENTS

Prime Bank has entered into a strategic partnership with building technology & ideas ltd (bti), one of Bangladesh's most reputed real estate developers, to offer exclusive discounts on flat purchases to its valued customers. A formal signing ceremony marking this collaboration was recently held at Prime Bank's Corporate Office in...

BRAC BANK, BGBA ORGANISE WORKSHOP TO STRENGTHEN BUYING HOUSES

BRAC Bank, in collaboration with the Bangladesh Garment Buying House Association (BGBA), organised a workshop in the capital to promote seamless trade and payment solutions for the buying house sector. The event, held at the BGBA premises, brought together over 100 buying house owners and industry leaders. A.K.M. Faisal Halim,...

NRBC Bank holds foundation training course-

The closing ceremony of a 10-day foundation training course for the officials of NRBC Bank PLC ended at its Training Institute in the city on Thursday. Dr Md Touhidul Alam Khan, Managing Director and CEO of NRBC Bank, attended the event as the chief guest and distributed certificates among the...

ICB, subsidiary cos launch customer service programme

The Investment Corporation of Bangladesh (ICB) and its subsidiary companies jointly launched a customer service fortnight programme at its subsidiaries head office in the city on Sunday. Chairman of the board of directors of ICB Prof Abu Ahmed inaugurated the programme on "Youth Festival 2025," as the chief guest. Niranjan...

Rupali Bank launches customer service fortnight programme

Rupali Bank PLC launched a customer service fortnight programme at its head office in the city on Sunday. Md Ahsan Kabir, Additional Secretary of the Financial Institutions Division under the Ministry of Finance, inaugurated the programme. Managing Director of Rupali Bank Kazi Md Wahidul Islam was also present at the...

Agrani Bank launches fortnight-long services for customers

Agrani Bank PLC inaugurated fortnight-long services for customers as part of the youth festival-2025 programme. Md Syed Kutub, Additional Secretary, Financial Institutions Division, Ministry of Finance, and the bank's Director, inaugurated the programme at the bank's head office on Sunday. Md Anwarul Islam, Managing Director of the bank, was present...

S Arabia hits 79pc digital transactions in its cash to code journey

JEDDAH, Oct 19 (Arab News): Saudi Arabia has achieved a major milestone in its financial transformation, reaching a 79 per cent cashless transaction rate in 2024 - surpassing its 2025 target ahead of schedule, according to an official.In an exclusive interview with Arab News, Khaled Al-Dhaher, vice governor for supervision...

US-China trade war clouds global economic outlook as 'new normal' emerges

WASHINGTON, Oct 19 (Reuters): International finance chiefs are returning home with a measure of relief over the surprising resilience of the global economy to the cascade of policy shocks through the first nine months of Donald Trump's second US presidency but also drained by seemingly never-ending uncertainty over what lies...

Oman launches centre to boost national cybersecurity industry

RIYADH, Oct 19 (Arab News): Oman has launched the Hadatha Centre for Cybersecurity Manufacturing at Middle East College, marking a major step toward advancing the country's digital economy.The initiative - spearheaded by the Ministry of Transport, Communications, and Information Technology through the National Information Security Centre, in collaboration with Middle...

MENA sovereigns stable as reforms, fiscal strength cushion risks: Fitch

RIYADH, Oct 19 (Arab News): Sovereign ratings in the Middle East and North Africa remain resilient despite regional conflicts mainly supported by ongoing reforms and strong fiscal buffers, Fitch Ratings said. In its latest regional peer review, the credit rating agency said there are currently no sovereigns rated below CCC+...