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

LafargeHolcim defies industry slump with 36pc profit surge in Q3

LafargeHolcim posted a 36 per cent year-on-year profit growth to Tk 1.20 billion in July-September - a remarkable feat at a time when the construction industry is reeling from sharp cuts in both public and private investment.The success was achieved due to higher sales of premium products and aggregates, the...

LR Global CEO banned for life, must recover investment in 30 days

The stock market regulator has ordered LR Global Bangladesh Asset Management Company to recover the investment it made in Padma Printers & Colour three years ago in breach of securities rules.The Bangladesh Securities and Exchange Commission (BSEC) at the same time has imposed fines on six top officials of the...

Sena Insurance Q3 profit drops on higher claims, costs

Sena Kalyan Insurance saw its third-quarter profit slump by 16.7 per cent year-on-year to Tk 32.40 million, as revenue from its core underwriting business fell sharply while management expenses continued to climb.The army-run general insurer saw a 67 per cent year-on-year decline in profit from its fire, marine, motor and...

BD seeks Korean investments in textiles, electronics, renewables

The Bangladesh Investment Development Authority (BIDA) has urged Korean investors to leverage Bangladesh's dynamic investment landscape, highlighting the country's strategic advantages and ongoing pro-business reforms aimed at facilitating foreign direct investment (FDI).At an investment seminar titled 'Gateway to Growth: Invest in Bangladesh', held at a hotel in Seoul on Tuesday,...

MTB, VISA LAUNCH FIRST MULTIPURPOSE STUDENT CARD

As part of the nationwide "Cashless Bangladesh" awareness programme, Mutual Trust Bank (MTB), in collaboration with Visa, launched the country's first Multipurpose Student Card on October 10 at Pundra University of Science & Technology, Bogura. The innovative card combines a student ID and payment card into one, enabling seamless digital...

DUTCH-BANGLA BANK, PRAGATI LIFE HAND OVER 1st BANCASSURANCE CLAIM

Dutch-Bangla Bank and its partner Pragati Life Insurance have handed over first insurance claim upon the tragic demise of a customer. The handover ceremony took place at the bank's head office. A cheque covering claim amount was handed over to the nominee of the deceased policyholder. The event was attended...

PRIME BANK, BRAC HEALTHCARE TO OFFER DISCOUNTS ON SCREENING PACKAGES

Prime Bank entered into a strategic partnership with BRAC Healthcare Limited to offer exclusive discounts on a range of health screening packages for its valued customers. A signing ceremony to mark this partnership was recently held at Prime Bank's corporate office in Dhaka. Under this collaboration, Prime Bank customers will...

BRAC BANK, GEN UPSKILL WOMEN ENTREPRENEURS

BRAC Bank, in collaboration with Global Entrepreneurship Network (GEN) - Bangladesh, hosted a two-day internationally standardised event to upskill women entrepreneurs. Supported by Gates Foundation, the event known as Entrepreneurial Masterclass, was titled 'UddogTARA Global Edge 2025'. It aimed to improve business knowledge and capabilities of women business owners from...

AGRANI BANK TRAINING COURSE FOR CASH OFFICERS

Agrani Bank Training Institute (ABTI) organised a 30-day foundation training course for officers (cash) of 94th and 95th batches. Managing Director of Agrani Bank PLC Md Anwarul Islam inaugurated the course recently. Agrani Bank Deputy Managing Director Md Abul Bashar and General Manager (Admin) Md Jalal Uddin were present as...

FRESH ANONNA, DU JOIN HANDS TO PROMOTE MENSTRUAL HEALTH AWARENESS

Fresh Anonna Sanitary Napkin, a flagship brand of Meghna Group of Industries, and Dhaka University through its Department of Women & Gender Studies (WGS) have partnered to promote the intersection of learning and social change to campus. As part of an ongoing menstrual-hygiene awareness drive, Fresh Anonna installed sanitary napkin...

Gold takes a breather after record rally

Gold prices fell 2 per cent on Tuesday as investors booked profits after the metal hit another record high in the previous session, driven by expectations of US interest rate cuts and strong safe-haven demand, reports Reuters.Spot gold was down 2.1 per cent at $4,264.91 per ounce, as of 1119...

Apple nears $4 trillion valuation as shares surge on strong iPhone 17 demand

Apple shares surged to an all-time high on Monday, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone, reports Reuters.Data from research firm Counterpoint showed the iPhone 17 series outperformed its predecessor in...

US Fed to trim rates twice more this year

BENGALURU, Oct 21 (Reuters): The Federal Reserve will lower its key interest rate by 25 basis points next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year.A month ago, economists had expected...