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

Singer's new plant to reduce reliance on imports, boost profitability

Singer Bangladesh has started commercial operation of its new home appliance manufacturing plant, aimed at strengthening its position in the fast growing market.The Bangladesh Economic Zones Authority (BEZA) on Monday approved the operation of the plant at Araihazar in Narayangonj, according to a stock exchange filing on Tuesday.Spanning 135,000 square...

BAT to address post-budget packaging issues

Multinational cigarette manufacturer British American Tobacco Bangladesh decided to install laser printers in its Dhaka and Savar factories at the expense of Tk 249 million to improve operating efficiency. It made the disclosure on the Dhaka Stock Exchange (DSE) on Tuesday. An official of the company, wishing not to be...

UCB achieves milestone in new accounts

United Commercial Bank (UCB) opened over 0.1 million new accounts in just 36 working days, according to a statement. This achievement was accomplished through the bank's branches, sub-branches, agent outlets and digital platforms. A majority of these new accounts belong to individual customers and small entrepreneurs, a manifestation of the...

MTB LAUNCHES MASTERCARD VIRTUAL DEBIT CARD

Mutual Trust Bank launched 'Mastercard Virtual Debit Card' recently. The digital payment solution offers seamless and secure payment options for digitally connected consumers. Syed Mahbubur Rahman, managing director & CEO of the bank; Syed Mohammad Kamal, country manager of Mastercard Bangladesh; Md. Shafquat Hossain, DMD and head of retail, MTB;...

PRIME BANK PARTNERS WITH PRIME BANK GRAMMAR SCHOOL

Prime Bank signed an agreement with Prime Bank Grammar School to provide seamless banking services under its specialised segment `primeacademia'. M. Nazeem A. Choudhury, deputy managing director of the bank, and Maj Gen Dr Md Nayeem Ashfaque Chowdhury (Retd.), chief executive officer of Prime Bank Foundation, signed the deal at...

First sustainable hospital wastewater treatment plant launched

The first sustainable hospital wastewater treatment plant in the country was launched on Monday by icddr,b and partners, setting a new benchmark for environmental compliance.In a transformative step toward safeguarding public health and the environment, icddr,b, in partnership with the University of Technology Sydney (UTS) and ITN-BUET under the leadership...

Progress of Rooppur N-power plant to be reviewed as Rosatom DG due today

Terming the Rooppur Nuclear Power Plant a signature initiative in Bangladesh-Russia bilateral cooperation, Foreign Adviser Md Touhid Hossain on Tuesday said that both the countries will review the progress of the project during the visit of Alexey Likhachev, Director General of Rosatom.Mr Likhachev is expected to arrive in Dhaka today."I...

SM Mahmud Hossain’s death anniv observed

The first death anniversary of SM Mahmud Hossain, the founder chairman of CVC Finance Limited, was observed at the company's headquarters on Monday, says a statement.A condolence meeting and doa mahfil were held on the occasion. Family members of the late chairman, directors and shareholders of CVC Finance, as well...

Govt to procure one cargo of LNG from spot market

The government approved a proposal on Tuesday in principle for procuring one cargo of LNG from the spot market under the Direct Procurement Method (DPM) in a bid to meet the urgent need, report BSS.The approval came from the 8th meeting of the Advisers Council Committee on Economic Affairs in...

AGRANI BANK HOLDS BUSINESS REVIEW MEETING FOR FARIDPUR CIRCLE

Agrani Bank PLC held a Business Review Meeting for Faridpur Circle and Managers' Conference 2025 at the BRAC Learning Centre in Faridpur on Tuesday. The bank's Chief Executive Officer Md Anwarul Islam was present as the chief guest and Deputy Managing Director Tahmina Akhter as a special guest. General Manager...

Islamic Finance and Investment holds Board meeting ------

The 358th meeting of the Board of Directors of Islamic Finance and Investment PLC (IFIPLC) was held on Monday at its Head Office. Abul Quasem Haider, Chairman of the Board of Directors, presided over the meeting. Vice Chairmen Mostanser Billa and K. B. M. Moin Uddin Chisty, Directors Julia Rahman,...

LAKE CITY HOSTS CONCORD SPRING FESTIVAL

Concord Group organised a two-day celebrations of Concord Spring Festival 1431 at Dhaka's first satellite township, Lake City Concord, recently. Located just 20 minutes from Baridhara, this eco-friendly residential area was constructed using only green bricks and blocks. Marking the seasonal transition, Lake City Concord came alive with an array...

ACTRESS MIM TALKS ABOUT BKASH SERVICES IN ONLINE MEETING

Popular actress and model Bidya Sinha Mim joined an online 'Uthan Boithok' (courtyard meeting) to enlighten rural people about various easy and secure Mobile Financial Services provided by bKash, including loan and savings instalment deposits of microfinance institutions, all from the comfort of their homes. As part of the ongoing...

Takaful Islami Insurance Investment Committee Meeting held

The 7th meeting of the Investment Committee of Takaful Islami Insurance PLC was held on Monday at Dhanmondi in Dhaka. Chairman of the Committee Engr. Khandaker Mesbahuddin Ahmed presided over the meeting which was attended by Tahmina Afroz, Jahirul Islam, Shahanaz Parvin and Md. Iqbal Hossain, members of the Committee....

Crypto trading booms in India's smaller cities as job growth and incomes disappoint

NAGPUR, India, Feb 25 (Reuters): Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India.Nagose bought and sold stock options earlier but is...