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

Digital Innovation Fair focuses on commercially viable solutions

FE ReportSpeakers at the closing ceremony of the Telecom and Digital Innovation Fair 2025 underscored the importance of transforming creative ideas into commercially viable solutions to address real-life challenges and accelerate national development.Held at the Bangladesh Telecommunication Regulatory Commission (BTRC) headquarters in Dhaka on Wednesday, the daylong fair showcased 32...

PHOENIX INSURANCE AGM APPROVES 10PC CASH DIVIDEND

PHOENIX INSURANCE AGM APPROVES 10PC CASH DIVIDEND The 39h Annual General Meeting of Phoenix Insurance Company Ltd. was held virtually on Wednesday. The meeting was presided over by Chairman of the company Mohammed Shoeb. The meeting approved a 10% cash dividend for the year 2024. During the year 2024, the...

900TH EC MEETING OF SHAHJALAL ISLAMI BANK HELD

900TH EC MEETING OF SHAHJALAL ISLAMI BANK HELD The 900th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC.(SJIB PLC) held at its Corporate Head Office in Dhaka on Wednesday. The meeting was presided over by Akkas Uddin Mollah, the Chairman of Executive Committee (EC) of the bank....

Mobile recharge made easy in bKash app

Customers can now recharge their registered mobile numbers with a single tap from their bKash app. This 'one-tap' facility can be availed for up to Tk 1,000 mobile recharge without requiring a PIN or biometric verification. It will make mobile recharging easiest, seamless and time-saving, says a press statement.To enhance...

S Arabia announces $6.4b in Syria investments

DAMASCUS, July 24 (Reuters): Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.The deals, unveiled by Saudi Investment Minister Khalid Al-Falih at a Damascus forum, are...

Singer reports back-to-back loss for Q2, promising rebound by year end

Singer Bangladesh has reported a loss of Tk 310 million for the second quarter through June this year despite higher sales due to a significant increase in finance costs.The multinational electronic and home appliance manufacturer, however, said the loans it had taken funded the construction of its new manufacturing plant...

Orange sukuk, gender bonds mulled to support women-led MSMEs

FE ReportBangladesh is preparing to make a major stride toward inclusive and sustainable development through the introduction of orange sukuk.Orange sukuk is an innovative Shariah-compliant financial instrument that integrates gender equality, environmental protection, and social inclusion into capital markets.It has features akin to orange bonds, aimed at empowering women, supporting...

Pubali Bank inaugurates New Market Islamic Banking Branch, Bogra

Pubali Bank inaugurates New Market Islamic Banking Branch, BograWith the commitment to provide modern Islamic banking services, Pubali Bank recently inaugurated New Market Islamic Banking Branch, Bogra. Mohammad Ali, managing director and CEO, was present as chief guest. Mohammad Esha, deputy managing director of the bank, was present as special...

MTB named best commercial bank in Bangladesh

Mutual Trust Bank (MTB) has been named Best Commercial Bank Bangladesh 2025 by the US-based Global Excellence Chronicle Magazine Awards.Over the years, MTB has championed responsible banking, prioritising sustainable growth, financial inclusion and strong corporate governance, according to a press statement.In 2024, MTB recorded the highest profit in its history....

PRIME BANK PARTNERS WITH HATIL FOR DIGITAL CASH SERVICES

PRIME BANK PARTNERS WITH HATIL FOR DIGITAL CASH SERVICESPrime Bank and HATIL Complex Limited recently signed an agreement to provide HATIL seamless payroll banking and comprehensive digital cash management services. HATIL employees will enjoy exclusive privileges through Prime Bank's highly customised offerings. Additionally, the company will utilize PrimePay to initiate...

BANK ASIA SIGNS MOU WITH APOLLO IMPERIAL HOSPITALS

BANK ASIA SIGNS MOU WITH APOLLO IMPERIAL HOSPITALSBank Asia PLC has signed an MoU with Apollo Imperial Hospitals Chattogram to offer exclusive healthcare privileges for its cardholders. Under this collaboration, all Bank Asia credit cardholders can now enjoy up to 10% discount on OPD (Outpatient Department) and IPD (Inpatient Department)...

Linde's profit grows 6pc in Q2

Linde secured a 6 per cent year-on-year growth in profit to Tk 107 million in the second quarter through June this year even after lower sales.Its revenue dropped 3.24 per cent year-on-year to Tk 537 million in the quarter to June. A reduction in operating expenses after the sale of...