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

LafargeHolcim's profit plunges 45pc as demand falls

LafargeHolcim Bangladesh witnessed a 45 per cent year-on-year decline in profit in the third quarter through September (Q3) this year due to lower sales amid lingering macro-economic challenges.The cement manufacturer's sales dropped 2 per cent year-on-year to Tk 6.27 billion in the quarter, according to its financial statements published on...

3 cos elevated from junk status

The Dhaka Stock Exchange (DSE) on Monday decided to elevate three companies to 'A' and 'B' categories from 'Z' category after they had reported disbursement of cash dividends.The companies are Union Insurance, Shepherded Industries, and Advent Pharmaceuticals. The decision will be brought into effect today. The prime bourse upgraded the...

IDLC Finance's profit up 80pc in Q3, driven by capital gains

IDLC Finance secured an 80 per cent higher profit in its third quarter through September this year, compared to the same quarter a year ago, on capital gains from good shares. According to a stock exchange filing on Monday, the non-bank financial institution (NBFI) secured earnings of Tk 503 million...

Brac Bank hosts product fair for women entrepreneurs

BRAC Bank organized a two-day entrepreneurs' fair at its head office as part of a programme that aimed to promote women entrepreneurs and help them broaden their market reach.The fair was held on September 29-30, and featured the products of 20 women business owners who have excelled through the bank's...

Beximco Pharma has to explain why same auditor was hired for a decade

The stock market regulator served a show-cause notice to Beximco Pharmaceuticals and its auditor as the drug maker had its financial statements audited by the same firm for a decade in violation of securities rules.The newly-formed securities commission sought an explanation from the company and the auditor on September 30...

MTB FOUNDATION OBSERVES WHITE CANE SAFETY DAY

Mutual Trust Bank (MTB) Foundation recently observed White Cane Safety Day 2024 in partnership with Centre for Services and Information on Disability (CSID) through an event. It raised awareness about the white cane as a symbol of independence and mobility for the visually impaired. Distribution of white canes, braille kits...

PUBALI BANK welcomes NEW RECRUITS

A five-day-long orientation programme has been arranged for 218 newly recruited deputy junior officers of the Pubali Bank. The course is designed to familiarise the participants with the concepts, principles, rules, regulations, laws and practices of bank. Mohammad Ali, managing director, and Ismat Ara Huq, general manager, spoke at the...

Europe's banks under investor pressure to keep earnings growth alive

LONDON, Oct 21 (Reuters): Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall.Bank share prices have broadly delivered a double-digit rise this year, driven by stock buyback programmes...

Asian markets mixed as traders digest China rate cut

HONG KONG, Oct 21 (AFP): Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.Another record day on Wall Street on Friday was unable...

Major Gulf markets mixed on regional conflict, rate cuts

Major stock markets in the Gulf were mixed in early trade on Monday amid simmering tensions in the region and weakening oil prices, reports Reuters.Hundreds of Beirut residents fled their homes late on Sunday with multiple explosions heard across the Lebanese capital, as Israel prepared to attack sites linked to...

Global uncertainties propel gold to record high, silver soars

Gold rallied for a fifth straight day on Monday, hitting a record high on uncertainties around the US election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts, while silver hit a near 12-year peak, reports Reuters.Spot gold gained 0.6 per cent to $2,735.38 per ounce, as...

Bashundhara launches 'Alora 2in1'

Bashundhara Toiletries has launched 'Alora 2in1', an innovative product for hair and body wash.As Bangladesh's first 2-in-1 solution for both hair and skin, Alora features a unique blend of premium ingredients that cleanse, nourish, and revitalize, says a statement.'Alora 2in1' is formulated with two powerful combination of vitamin E and...

BKB gets new chairman

Noted economist Dr. Mohammad Zahid Hossain joined Bangladesh Krishi Bank (BKB) as its chairman on Sunday, says a statement. Previously, he served as a Principal Economist in the South Asia Department of the Asian Development Bank (ADB), where he oversaw Bangladesh country programming and economic analysis-related works.He also worked as...

OMERA LAUNCHES LPG SOLUTION APP

Omera LPG launched the country's most convenient home delivery platform for LPG cylinders, the LPG Solution app, at a programme marking the International Chef's Day 2024 at a hotel in Dhaka. This app enables customers to easily order LPG cylinders, ensuring hassle-free home delivery along with a range of support...

SONALI BANK SIGNS DEAL WITH SADHARAN BIMA CORPORATION

Sonali Bank PLC signed an agreement with Sadharan Bima Corporation to collect all types of insurance premium and other charges and fees from the customers through Sonali Payment Gateway (SPG). Sonali Bank General Manager Md Moniruzzaman and Sadharan Bima Corporation General Manager Bibekananda Saha signed the agreement at the bank's...