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

Submarine Cables FY25 profit beats expectations on Q4 revenue growth

Bangladesh Submarine Cables posted a 1.5 per cent year-on-year profit growth to Tk 1.86 billion for FY25, driven mainly by higher revenue in the final quarter.The annual result exceeded expectations, as the company had earlier reported a 17 per cent drop in profit during the first nine months through March...

Pubali, Jamuna Bank to raise Tk 13b through subordinated bonds

Pubali Bank and Jamuna Bank have received regulatory approval to raise Tk 13 billion through subordinated bonds in order to strengthen their capital base under Basel-III compliance, as per Bangladesh Bank's December 2014 guidelines on risk-based capital adequacy.The approval was granted on Tuesday at a meeting of the Bangladesh Securities...

BRAC Bank recognised as sustainable SME financier in Asia

BRAC Bank has been honoured as the "Sustainable SME Financier of the Year - Asia" for its Water, Sanitation and Hygiene (WASH) financing programme.Additional Managing Director and Head of SME Banking Syed Abdul Momen received the award at the prestigious Global SME Finance Awards 2025 on September 15 in Johannesburg,...

BANK ASIA AGENT BANKING ORGANISES BUSINESS REVIEW MEETING

Bank Asia Agent Banking organised a day-long district managers business review meeting on Saturday at Rangs Tower, Purana Paltan, Dhaka, to evaluate the current business performance and formulate strategies to achieve budgetary targets. District managers from all 64 districts of the country participated in the programme.The meeting was presided over...

India regulators plan quicker entry processes for foreign investors

MUMBAI, Sept 23 (Reuters): India's markets regulator and its central bank are in advanced discussions to ease entry processes for new overseas investors, four sources said, at a time when foreign flows into the economy remain weak.The changes would include fewer and standardised documentation and less scrutiny on investors that...

From crisis to cannabis: Sri Lanka's president surprises with pro-market pivot

COLOMBO, Sept 23 (Reuters): Sri Lanka's first leftist president has surprised investors by embracing pro-market reforms in his first year, and plans fresh steps to boost investment and energy supplies after crippling shortages during the 2022 economic collapse, officials say.President Anura Kumara Dissanayake's election promise to rework a $2.9 billion...

OptimaPlast to set up plastic product manufacturing unit in NSEZ

OptimaPlast Industries Private Limited, a local manufacturer of plastic products, is set to invest $3.96 million in the National Special Economic Zone (NSEZ) in Chattogram to establish a new industrial unit. The company will set up its plant on 3.0 acres of land to produce a range of plastic goods...

TishCAN hosts Fundraising Fair for breast cancer warriors

TishCAN successfully hosted the Pink Carnival, a vibrant two-day fundraising charity fair dedicated to supporting breast cancer warriors. The event took place on 19-20 September, from 11 AM to 8 PM, at Pink Terrace, Road 63, Gulshan 2, says a press release.The Pink Carnival, presented by Kazi Farms Kitchen as...

Reality show Konka Shera Poribar Season to resume on NTV

The family reality game show "Konka Shera Poribar" is set to resume on NTV, courtesy of the country's leading electronics and home appliance brand 'Konka'. The event, which is gaining popularity, is coming this time with Season-4, says a press release. This new season is usually the puzzle, the game...

A hat-trick of wins for Platinum Hotels by Sheltech at SATA 2025

Platinum Hotels by Sheltech has brought home three major accolades at the South Asian Travel Awards (SATA) 2025, solidifying its position as a leading name in Bangladesh's hospitality industry, saya a press release.Platinum Hotels by Sheltech is a premier hospitality brand under Sheltech (Pvt.) Ltd., one of Bangladesh's most prominent...

JANATA BANK HOLDS ASSET-LIABILITY MANAGEMENT COMMITTEE MEETING --

Janata Bank PLC held a meeting of the Asset-Liability Management Committee at the bank's head office on Monday. Managing Director Md. Mazibur Rahman presided over the meeting. Deputy Managing Directors Md. Golam Mortuza, Md. Fayez Alam, Md. Nazrul Islam and Md. Ashraful Alam along with General Managers and Deputy General...

RUPALI BANK HOLDS ASSET-LIABILITY MANAGEMENT COMMITTEE MEETING

Rupali Bank PLC held a meeting of the Asset-Liability Management Committee at the bank's head office in Dhaka on Tuesday. Managing Director Kazi Md. Wahidul Islam presided over the meeting. Deputy Managing Directors Parsoma Alam, Hasan Tanvir and Md Harunur Rashid along with General Managers and Deputy General Managers attended...

Union Capital Limited holds 27th AGM

The 27th Annual General Meeting of Union Capital Limited was held on Tuesday in the city with Chairman and Independent Director of the company Munshi Shafiul Haque presiding over the meeting. Among the directors, Nadeem A. Chaudhury, Independent Director nominated by Bangladesh Securities & Exchange Commission (BSEC), Associate Professor of...

Bank fossil fuel financing twice that for alternatives: study

PARIS, Sept 23 (AFP): Some of the world's leading banks provided more than twice as much finance for fossil fuels between 2021 and 2024 than for sustainable alternatives, a new study said Tuesday.The study by Reclaim Finance and partners such as WWF, Urgewald and Rainforest Action Network, said "the biggest...

Sunset for Windows 10 updates leaves users in a bind

PARIS, Sept 23 (AFP): Microsoft's plan to halt updates for its Windows 10 operating system in mid-October has raised hackles among campaign groups and left some users worried they must buy new computers to be safe from cyberattacks.Here is what you need to know about the planned end of support...