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

GP Q1 profit drops 53pc on higher finance costs, tax expenses

Grameenphone's net profit for the first quarter of 2025 plunged 53 per cent year on year to Tk 6.34 billion, owing to sharp declines in data pricing amid lingering macroeconomic pressures.The leading telecom operator's earnings per share stood at Tk 4.69 for the January-March quarter as against Tk 9.91 in...

Golam Mainuddin elected Chairman of Apex Footwear

Golam Mainuddin has been unanimously elected as the Chairperson of the Board of Directors of Apex Footwear Ltd. at the 282nd Board Meeting of the company held on Wednesday, says a statement. He previously served as an Independent Director on the company's Board, providing valuable oversight and governance expertise. His...

Prime Bank's Q1 profit grows 59pc

Prime Bank PLC has posted a 59 per cent growth in net profit year on year in the January-March quarter this year, riding on higher interest and investment income.The second generation private commercial bank has reported Tk 2.09 billion in net profit after tax on consolidated basis for three months...

Stock market rout deepens despite regulatory efforts

Stocks plummeted for a second consecutive week, marking this year's biggest single-week fall, with investors rushing to flee risky assets amid increasing economic uncertainty. Despite the regulatory efforts to prop up the market, the bearish spell continued throughout this week as the benchmark equity index dropped below the 'psychological' threshold...

TRAINING ON BANCASSURANCE FOR OFFICIALS OF MIDLAND BANK

The Bangladesh Insurance Academy conducted a three-day training programme on Bancassurance at its office in Dhaka for the officials of Midland Bank. The closing ceremony of the training was held on Wednesday, with Md. Ahsan-uz Zaman, Managing Director & CEO, Midland Bank PLC, as the chief guest. Saswata Ray, Managing...

Global equity funds see second week of inflows

Global equity funds attracted inflows for a second straight week through April 23, supported by signs of a potential de-escalation in the tariff war between the US and China, which boosted demand for riskier assets, reports Reuters.According to LSEG Lipper data, global equity funds saw a net $9.11 billion inflow...