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

Why BSRM remains profitable while GPH Ispat slips into losses amid adversities

Economies of scale are helping Bangladesh Steel Re-Rolling Mills (BSRM) make profits during a tough period of sluggish market demand, while GPH Ispat has slipped into the red.The steel industry navigated one of its toughest phases in FY25 as construction in both the public and private sectors faced a setback,...

Dhaka bourse dips to one-month low amid rising political tension

The benchmark index of the Dhaka Stock Exchange (DSE) fell to a one-month low on Sunday as jittery investors continued selling amid growing political concerns.Market analysts said investor sentiment had already been fragile following the merger of five banks and the move to liquidate nine non-bank financial institutions. Fresh political...

Oman's Islamic banking assets rise to $24b on credit growth

JEDDAH, Dec 21 (Arab News): Oman's Islamic banking assets climbed to about 9.2 billion Omani rials ($23.9 billion) by the end of October, underscoring steady expansion in the sultanate's financial sector as credit growth remains robust. Assets held by Islamic banks and Islamic windows accounted for 19.5 per cent of...

Shwapno again wins Best Brand award

Shwapno has achieved the 6th position among the top 15 leading brands in Bangladesh, as recognised by the Bangladesh Brand Forum at the 17th Best Brand Award ceremony held at a hotel in Dhaka.At the same event, Shwapno was also honoured as the Best Superstore for the 10th consecutive year,...

Renaissance Dhaka hosts shayari evening

Renaissance Dhaka Gulshan Hotel hosted a soulful chapter of its signature global series, Evenings at Renaissance, through a special cultural edition titled Shayari Evening - a celebration where poetry, music, and emotion met in perfect harmony, says a press release.Rooted in the Renaissance tradition of honouring local culture, heritage, and...

Uttara Bank disburses agri loans

Md Abul Hashem, Managing Director & CEO of Uttara Bank PLC, handed over cheques for agri credit amount among underprivileged, indigenous people recently. Md Rezaul Karim, Deputy Managing Director, Md Atiqur Rahman, Deputy General Manager & Zonal Head (Chattogram Zone), and local dignitaries were also present.

IFIPLC holds 369th board meeting

The 369th meeting of the board of directors of Islamic Finance and Investment PLC (IFIPLC) was held at its head office in the city on Sunday. SM Bakhtiar Alam, Chairman of the board of directors of IFIPLC, presided over the meeting. Among others, IFIPLC Vice Chairmen Abul Quasem Haider and...

Morgan Stanley seen as front-runner for SpaceX IPO

NEW YORK, Dec 21 (Reuters): Morgan Stanley is emerging as a leading contender for a key role in SpaceX's blockbuster initial public offering, as the bank's close ties to CEO Elon Musk give it an edge in his decision, according to three people familiar with the matter.A selection process, or...

Elon Musk becomes first person worth $700b

NEW YORK, Dec 20 (Reuters): Tesla CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index.Musk's 2018 pay package, once worth $56 billion, was restored by the...