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

Singer swings to Q2 profit as lower finance costs offset weak demand

Singer Bangladesh returned to profitability in the second quarter (Q2) ended June 2026, buoyed by higher sales and lower finance costs, although weak consumer demand continued to weigh on its overall business performance.The multinational electronics and home appliance maker posted a net profit of Tk 136 million for the April-June...

BAT Bangladesh Q2 profit doubles on sales growth, lower operating costs

British American Tobacco (BAT) Bangladesh reported strong earnings growth in the second quarter ended June 2026, with net profit more than doubling on higher sales and lower operating expenses despite continued pressure on cigarette volumes.The multinational tobacco company posted a net profit of Tk 2.03 billion for the April-June quarter,...

Akij Insaf Group opens The Grandeur and Playfinity

Akij Insaf Group has launched The Grandeur and Playfinity, two new lifestyle destinations aimed at enhancing dining, entertainment and family recreation.The two ventures were formally inaugurated by Sk. Jamil Uddin, managing director of Akij Insaf Group, marking their official opening.The Grandeur and Playfinity are designed to offer premium leisure experiences...

PRIME BANK SIGNS AGREEMENT WITH DHS AUTOS

Prime Bank PLC has signed an agreement with DHS Autos Ltd at the Prime Bank Corporate Office in Dhaka recently. Under the partnership, Prime Bank Priority Banking customers will enjoy exclusive service offers from DHS Autos Ltd. The agreement was signed by Joarder Tanvir Faisal, Head of Consumer Assets &...

MERCANTILE BANK OPENS ATM BOOTH AT NOAKHALI CLUB, DHAKA

Mercantile Bank PLC has inaugurated a new ATM booth on the premises of Noakhali Club, Dhaka Limited to provide round-the-clock transaction services and enhanced financial convenience to club members and the local community. M.A. Khan Belal, Chairman of the Executive Committee of Mercantile Bank, attended the ceremony as the chief...

MIDLAND BANK SIGNS MOU WITH CREDENCE HOUSING

Midland Bank PLC has signed a Memorandum of Understanding (MoU) with Credence Housing Limited to provide convenient and attractive home loan facilities to the customers of Credence. Imtiaz U. Ahmed, Managing Director & CEO of Midland Bank, and Zillul Karim, Managing Director of Credence Housing, signed the agreement recently. Under...

SOUTHEAST BANK TO RAISE AUTHORISED CAPITAL

Southeast Bank PLC held its 9th Extraordinary General Meeting (EGM) and 31st Annual General Meeting (AGM) on a digital platform on Thursday, where shareholders approved an increase in the bank's authorised capital to Tk 20 billion from Tk 15 billion. They also approved a 3% cash dividend and a 7%...

IPDC, AMADER PROPERTIES SIGN HOME FINANCE DEAL

IPDC Finance PLC has signed a Memorandum of Understanding (MoU) with Amader Properties to provide exclusive benefits and value-added offers to customers seeking home ownership. The MoU was signed by Mohammad Shahidul Islam, Head of Distribution, Retail Business of IPDC Finance, and Md. Abdur Razzak, Managing Director of Amader Properties....

Chinese chipmaker CXMT to list in Shanghai on July 27 after Asia's biggest IPO this year

SINGAPORE, July 23 (Reuters): Chinese memory chip manufacturer CXMT Corp's shares will start trading in Shanghai on Monday, it said on Thursday after raising 57.92 billion yuan ($8.6 billion) in Asia's biggest initial public offering so far this year.The debut will spotlight China's state-led push to turn public capital into...

Nasdaq tops profit estimates on high-profile listings, robust data revenue

Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, boosted by several high-profile listings on its exchange and strong demand for its data services in a volatile market environment, reports Reuters.The quarter was marked by a string of marquee listings on its exchange, including SpaceX's record-breaking IPO, which saw...

US investors rethink bonds' role as inflation reshapes portfolios

NEW YORK, July 23 (Reuters): Some US investors who once relied on bonds to cushion equity selloffs are making more room for commodities, infrastructure, private credit and other inflation-sensitive assets to protect themselves against inflation.Inflation, heavy government borrowing, policy uncertainty and bouts of stocks and bonds falling in tandem have...