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

Unilever Consumer Care's profit falls 12pc as royalty charges return

Unilever Consumer Care's profit dropped 12 per cent year-on-year to Tk 121 million in January-March this year, weighed down by sluggish sales amid persistent inflation and the reimposition of royalty charges by its parent company.Earnings per share (EPS) fell to Tk 6.29 in the March quarter from Tk 7.16 in...

Titas Gas to issue 283m preference shares to govt

Titas Gas Transmission and Distribution Company has received regulatory approval to issue nearly 283 million preference shares to the government against accumulated share money deposits, in a move aimed at complying with a five-year-old directive.According to a disclosure filed with the stock exchanges on Monday, the company will issue irredeemable,...

MTB HOSTS WORKSHOP ON FDI -

MTB HOSTS WORKSHOP ON FDI Mutual Trust Bank, in association with the MNC Banking Department, successfully organised a workshop on foreign direct investment (FDI) in the country through its training institute recently. The event brought together key stakeholders including policymakers, regulators, foreign investors, and business leaders to discuss strategies for...

Masud Khan reappointed chairman of Unilever Consumer Care

Masud Khan has been re-appointed for a second term as chairman of Unilever Consumer Care Ltd, a subsidiary of Unilever, one of the world's leading consumer goods companies.The company's board of directors on Monday approved his appointment.Following the meeting convened to approve the quarterly financial statements for January-March this year,...

PRIME BANK INKS DEAL TO PROVIDE DISCOUNTS ON DFSK VEHICLE PURCHASE-

PRIME BANK INKS DEAL TO PROVIDE DISCOUNTS ON DFSK VEHICLE PURCHASEPrime Bank recently signed an agreement with MA Enterprise & MRM Ventures (DFSK BD) to offer exclusive benefits to its customers on purchases of Dongfeng Sokon (DFSK) vehicles. The signing ceremony was held recently at Prime Aspire, Gulshan Avenue, Dhaka....

Hassan O. Rashid takes charge as EBL MD

Hassan O. Rashid has taken charge as the managing director (MD) of Eastern Bank (EBL). Rashid served as the chief executive officer of Prime Bank before joining EBL, according to a press release.With over 31 years of professional experience across both local and multinational banks, he brings a wealth of...

Asia bond outflows surge to 4-year highs on inflation concerns

Asian bonds recorded their largest monthly foreign outflows in four years in March as disruptions to oil and gas supplies from the Middle East conflict fueled inflation concerns, weighing on demand for fixed-income assets, reports Reuters.Investors pulled a net $7.57 billion from regional bonds in South Korea, Thailand, Malaysia, India...

European defence stocks cool as investors reassess war winners

LONDON, April 20 (Reuters): Investors have cooled on European defence stocks as profit taking and stretched valuations collide with growing uncertainty over the future of warfare, with the Iran conflict again highlighting the effectiveness of low-cost drones.MSCI's Europe Aerospace and Defence Index dropped 9.2 per cent in March, its biggest...

SONALI BANK SIGNS AGREEMENT WITH BKASH-

SONALI BANK SIGNS AGREEMENT WITH BKASHSonali Bank PLC and bKash Limited have signed an agreement to introduce "add money" services, enabling transfers from Sonali Bank accounts to bKash accounts through the Sonali e-Wallet app, as well as fund transfers from bKash accounts to Sonali Bank accounts. The signing ceremony was...

RUPALI BANK HOLDS 31ST SMT MEETING

RUPALI BANK HOLDS 31ST SMT MEETING The 31st meeting of the Senior Management Team (SMT) of Rupali Bank PLC was held at the bank's head office in Dhaka on Monday, with SMT Chairman and Managing Director of the bank Kazi Md Wahidul Islam in the chair. Deputy Managing Directors Tahmina...

BD, India 'uniquely positioned' to lead regional economic integration: Pranay Verma

Indian High Commissioner Pranay Verma has said Bangladesh and India, as the two largest economies of the region and close neighbours with focus on building connectivity, are 'uniquely positioned' to lead the regional economic integration, and build resilient and future-ready supply chains.He made the remarks while welcoming a delegation of...

Middle East markets fall on renewed US-Iran tensions

Gulf equities retreated in early trade on Monday, on fears the ceasefire between Washington and Tehran could unravel after the US seized an Iranian cargo vessel, while traffic through the Strait of Hormuz remained largely suspended, reports Reuters.Hopes for a more lasting peace in the region dimmed after Iranian state...