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

Energypac sinking in the red, with higher finance cost, shrinking revenue

Energypac Power Generation (EPGL) is at risk of going out of business with its finance cost persistently going up and revenue shrinking. It bore half of its revenue as finance cost last year. Finance cost grew even further in FY25. The company went into the red in FY22 and has...

Wahidul Islam joins Rupali Bank as MD

Kazi Md Wahidul Islam has officially joined Rupali Bank PLC as its Managing Director on Tuesday, says a statement.Wahidul Islam was appointed as the Managing Director for three years through a notification issued by the Financial Institutions Division on December 12. Prior to joining the state-owned Rupali Bank, he served...

Three stockbrokers come under probe

The Bangladesh Securities and Exchange Commission (BSEC) has launched an investigation into the operations of three brokerage firms this month to dig up irregularities involving BO accounts with negative equity.The firms under regulatory scrutiny are PFI Securities Limited, Premier Bank Securities Limited, and Shyamol Equity Management Limited.Three officials of the...

SOUTHEAST BANK HOLDS 72ND MEETING OF SHARIAH SUPERVISORY COMMITTEE

Southeast Bank held the 72nd meeting of its Shariah Supervisory Committee. The meeting was presided over by Mufti Shah Mohammad Habibullah Mahmud Quasemi, chairman of the Shariah Supervisory Committee. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, participated in the meeting. The meeting conducted an in-depth review of the...

NCC BANK ANNOUNCES STRATEGIC PARTNERSHIP WITH VISA

The National Credit and Commerce (NCC) Bank and Visa recently signed a strategic partnership deal. M. Shamsul Arefin, managing director of NCC Bank, and Sabbir Ahmed, country manager for Visa in Bangladesh, Nepal, and Bhutan, inked the deal. Under this collaboration, both organisations will work together to launch innovative products...

Raise dollar exchange rate for shrimp, fish exports to Tk 125.50

Bangladesh Frozen Foods Exporters Association (BFFEA) has urged the government to raise the exchange rate for US dollars for processed frozen shrimp and fish exports from Tk 118.90 to Tk 125.50.In a letter submitted to the finance ministry on Tuesday, the association has expressed concern over the growing challenges faced...

Berger awards six architectural projects

The 11th cycle of the Berger Award for Excellence in Architecture concluded with an award ceremony at a city hotel on Tuesday. At the event, six outstanding architectural projects were recognised for their excellence. These projects were selected from a pool of 116 nominated entries and the respective architects were...

Walton and Safe distributors’ confce held

The Annual Distributors Conference-2024 for Walton and Safe brands' electrical appliances was held in Cox's Bazar.The event brought together more than 1,000 distributors, along with members of the Board of Directors, sales executives, and senior officials of both brands, says a statement.The 'Walton Electrical Appliance Annual Distributors Conference-2024' was held...

UNILEVER AND KEWKRADONG BANGLADESH CONDUCT CLEANUP AT ST. MARTIN'S ISLAND

Unilever Bangladesh Limited (UBL) in collaboration with Kewkradong Bangladesh (KB) conducted a coastal cleanup at St. Martin's Island. A team of 350 volunteers removed 1,500 kilograms of marine debris from the island's beach, ensuring its safe disposal on the mainland. The debris collected primarily consisted of food wrappers, plastic beverage...

Sonali Bank distributes blankets in Tangail

Sonali Bank PLC distributed blankets and mosquito-curtains among poor, helpless and homeless people at Sakhipur Tangail in under the bank's Corporate Social Responsibilities (CSR) activities. The bank's MD & CEO Md Shawkat Ali Khan handed over blankets among the destitute on the Takterchala Government Primary School premises on Wednesday.

NRBC BANK OPENS 108TH BRANCH IN RAJBARI

NRBC Bank has started banking operations at Ratandia Bazar in Kalukhali, Rajbari, by opening its 108th Branch named 'Kalukhali Branch'. Akhtarul Islam Bachchu, a shareholder of the bank, inaugurated the branch as the chief guest. Former senior vice-president of Rajbari BNP Advocate Abdur Razzak Khan, Advocate Emdadul Haque, businessman Wajed...

Toyota global production down for 10th month despite rising sales

TOKYO, Dec 25 (Reuters): Toyota Motor's global production decreased for a 10th straight month in November, the Japanese carmaker said on Wednesday, although its worldwide sales grew for the second consecutive month on solid demand in the United States and China.The world's biggest automaker manufactured 869,230 vehicles globally in November,...