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

Local production of hybrid electric vehicles discouraged in FY27 budget: BAAMA

Local manufacturers of Plug-in Hybrid Electric Vehicles (PHEVs) anticipate an unfair competition with importers of such vehicles as the government has not offered any tariff benefit for them in the proposed budget for FY27.The Bangladesh Automobile Assemblers and Manufacturers Association (BAAMA) raised the concern in a letter recently sent to...

Beximco Pharma's delayed reports show record annual earnings

Despite significant challenges, Beximco Pharmaceuticals posted a profit of Tk 6.99 billion in FY25, the highest annual earnings since its stock market listing, driven by strong sales growth.In a significant development, the drug maker approved its overdue quarterly financial statements and the audited annual financial statement for FY25 at a...

National Housing Finance's 2025 profit shoots up 32 times

National Housing Finance posted a remarkable 32-fold growth in profit to Tk 95.26 million in 2025, supported by higher investment income and lower provisioning requirements amid improved loan recovery. The non-bank financial institution's earnings per share (EPS) rose to Tk 0.74 in 2025 from Tk 0.02 (restated) in the previous...

Global stocks hit by Fed rate reality check

LONDON, June 23 (Reuters): Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure...

Women earn professional driver certification through BRAC

Ten women received professional driver certificates at an event organised by BRAC's Road Safety Programme at BRAC Centre in Mohakhali, Dhaka on Monday.The event, titled Women Behind the Wheel: Celebrating Achievement, Advancing Road Safety and Inclusive Transport, marked the completion of an intensive three-month residential training programme covering theoretical and...

PUBALI BANK HOLDS CLS AGENT CONFERENCE 2026

Pubali Bank's retail business division organised the bank's CLS Agent Conference 2026 at the head office auditorium of the bank. The initiative is part of the bank's investment in the development and capacity building of its CLS Network, which complements the bank's ongoing efforts to enhance customer service standards, ensure...

Banks can now transfer consumer loan funds directly to vendors

Commercial banks will now be allowed to disburse certain consumer loans directly to vendors through electronic fund transfers, as part of efforts to align lending operations with the country's increasingly digital payment ecosystem.In a circular issued on Tuesday, the Bangladesh Bank (BB) permitted scheduled banks to transfer loan proceeds electronically...

Broiler chicken price nosedives after Korbani

Thousands of marginal poultry farmers are making losses as the price of broiler chicken drastically declined after Eid-ul-Azha. Sources in the poultry industry say that the demand for chicken always falls after Eid-ul-Azha as many families are consuming Korbani meat which is stored in their freezers.Stakeholders say the farmers cannot...

16th Social Business Day programmes on June 27-28

The 16th edition of Social Business Day, organised by the Yunus Centre and Grameen Group, will be held on June 27-28 at the Samajik Convention Centre in Savar. The event will be followed by the Academia Dialogue and the 3ZERO Club Convention on June 29 at the Yunus Centre, reports...

bKash tops Digital Marketing Award with 22 accolades

The country's largest mobile financial services provider, bKash, has achieved top success by winning 22 awards at the 'Digital Marketing Award 2026'. Of these, bKash received 11 awards directly, while the remaining 11 were achieved through its partner agencies, says a press releaseEvery year, Bangladesh Brand Forum recognises the best...

ICAB HOSTS RECEPTION FOR THREE MPS

The Institute of Chartered Accountants of Bangladesh (ICAB) has hosted a reception in honour of Nasser Rahman, MP; Fazley Houda, MP; and Mohd. Aslam Chowdhury FCA, MP-elect, who are associated with the CA family. They were elected to the 13th Jatiya Sangsad in the national polls held on February 12....

ONE Bank, Nagad join hands for instant fund transfer

ONE Bank PLC has launched an instant fund transfer service from its banking app to Nagad, one of the country's leading mobile financial service providers. The service was inaugurated at a programme held at ONE Bank's corporate headquarters in the capital's Gulshan area on Tuesday. Md. Motasem Billah, Administrator of...

SpaceX extends losses after $600b wipeout

Shares of Elon Musk's SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company's market value, with the highly valued technology sector on track to extend the rout, reports Reuters.The rocket and AI company's shares fell 1.9 per cent to $151.6...

Cathay Pacific to cut fuel surcharges from July 1

BEIJING, June 23 (Reuters): Hong Kong-based Cathay Pacific Airways will cut the surcharge it imposes to cover fuel costs for most of its passenger flights from July 1, its website showed on Tuesday.Jet fuel costs roughly doubled from the start of the Iran crisis in late February to early June,...

South Korea's KOSPI plunges nearly 10pc after regulator cautions on leveraged ETFs

SEOUL, June 23 (Reuters): South Korea's KOSPI plummeted 9.99 per cent, its steepest drop in more than three months, on Tuesday as overseas investors sold chipmakers following regulatory signals that the sector's rally had gotten overheated.The benchmark KOSPI closed down 910.71 points, its biggest daily plunge since March 4, at...