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

DSE slips below 5000pts for second time in 6 months

The stock market witnessed yet another massive setback on Thursday, with the key index of the Dhaka Stock Exchange (DSE) plunging below the 'psychological' threshold of 5,000-mark again in six months despite regulatory efforts to elevate it.The relentless bearish spell remained dominant during the ninth session in a row as...

Singer's loss soars in Q1 on high borrowing costs

Despite higher sales, Singer Bangladesh suffered losses worth Tk 349 million in the first quarter of 2025, owing to significant finance costs.Interest expenses on borrowing jumped 201 per cent year-on-year to Tk 443 million in January-March this year due to rising interest rates. Singer's total debt surpassed Tk 19.50 billion...

Romana Rouf re-elected as chair of Bank Asia Securities

Romana Rouf Chowdhury was re-elected as chairman of Bank Asia Securities Limited at the 14th annual general meeting held on Wednesday.She is also one of the directors of Bank Asia, according to a statement.Ms. Rouf Chowdhury has an illustrious academic background, having graduated from BRAC University and earning an MBA...

Market operators get extra time for provisioning but with a condition

The securities regulator has extended the deadline for provisioning against negative equity in margin accounts and unrealised losses in dealer accounts to December this year but there is a condition to be met to get the extra time. The Bangladesh Securities and Exchange Commission (BSEC) asked merchant banks and brokerage...

Uttara Automobiles at 'Meet Bangladesh Exposition'

Uttara Automobiles Manufacturers Ltd, a sister concern of Uttara Group of Companies Ltd, participated in the 'Meet Bangladesh Exposition' held at the International Convention City Bashundhara (ICCB) in Dhaka. The event was organised under the aegis of the Ministry of Commerce, Government of Bangladesh, and funded by the World Bank.The...

BRAC BANK PROMOTES 2,000 EMPLOYEES

BRAC Bank has promoted 2,000 employees in recognition of their outstanding performance and contribution to the bank's sustained growth. This marks the largest single wave of promotions in BRAC Bank's history. The milestone was celebrated an event in Dhaka on April 22, where Selim R. F. Hussain, managing director and...

423rd Board meeting of Al-Arafah Islami Bank held

The 423rd Board meeting of Al-Arafah Islami Bank PLC was held on Thursday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. The overall business performance of the bank was reviewed and several policy decisions were made at the meeting. Directors of the bank Md. Shahin Ul...

Pragati Insurance Board meeting held

The 333rd meeting of the Board of Directors of Pragati Insurance Ltd was held at the Head office of the company in Dhaka recently. Syed M. Altaf Hussain, Chairman of the company, presided over the meeting. Directors Khalilur Rahman, Mohammed Abdul Awwal, Syedur Raman, Mohammed Abdul Malek, Nasir Latif, Md....

Trump trade war spreads more gloom across businesses

LONDON/SEOUL, Apr 24 (Reuters): Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as US President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy.Comments on Thursday from the world's biggest packaged food companies underscored worries...

Nokia reports net profit drop

HELSINKI, Apr 24 (AFP): Finnish telecoms equipment maker Nokia on Thursday reported a $68 million euro loss in net profit for the first quarter, citing the tariff wars and "rapidly evolving global trade landscape".The company said tariffs imposed by the United States could result in "some short-term disruption"."We are not...

UK online bank Revolut doubles annual profit

LONDON, Apr 24 (AFP): British online bank Revolut said Thursday it more than doubled net profit last year to œ790 million ($1.1 billion) as customer numbers surged particularly in France, its new second-biggest market."We not only accelerated our customer growth, welcoming nearly 15 million new users globally, but critically, we...

Vietnam and US start trade talks

HANOI, Apr 24 (AFP): Vietnam and the United States have started talks "on bilateral economic and trade issues" in the wake of threatened US tariffs, Hanoi said.US President Donald Trump this month threatened massive 46 per cent levies on Vietnam, with Washington accusing the country of facilitating Chinese exports to...