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

Renata's profit shrinks 34pc in Q2, as cost escalates

Drug maker Renata earned a 34 per cent lower profit to Tk 0.56 billion in the second quarter of FY25, compared to the same quarter a year ago, as it witnessed a 10.78 per cent year-on-year jump in the cost of goods sold.It failed to boost profit despite a 15.27...

Berger earns higher profit, supported by revenue growth

Multinational company Berger Paints has experienced a 10.50 per cent year-on-year growth in profit to Tk 883 million in October-December (Q3) riding on a revenue growth.It experienced a 0.43 per cent year-on-year growth in profit in April-June (Q1) while the growth was 25 per cent in July-September (Q2) of its...

National Tea sinks in the red, with acute fund shortage

The troubled National Tea Company (NTC) experienced losses of Tk 700 million in FY24, the fifth year in a row that it remains in the red, amid an acute shortage of working capital and a rise in production cost. This time the loss exceeded that of the previous years. The...

MERCANTILE BANK ORGANISES SHARIAH BANKING SESSION

Mercantile Bank organised a day-long session titled 'Knowledge Sharing on Shariah Banking: an Interactive Session' at Fars Hotel in the capital on Saturday. Top management and senior executives of the bank, different divisional heads from head office, regional heads and head of branches, in-charges of Islamic Banking Windows from different...

KEPZ Trust Hospital opens in Ctg

CHATTOGRAM, Jan 26: Korean Export Processing Zone (KEPZ) Corporation (BD) Ltd, a subsidiary of Youngone Corporation, has officially opened the 100-bed KEPZ Trust Hospital at Anwara in Chattogram. Kihak Sung, Chairman and CEO of Youngone and KEPZ Corporation, inaugurated the hospital as the chief guest on Saturday.The inaugural ceremony was...

Govt makes decisions based on merit and investor proposals

The government makes decisions based on merit and investor proposals, not relationships, adviser to the Ministry on Textiles and Jute Sheikh Bashir Uddin said on Sunday. "Please use resources of the institutions, benefit yourselves and the country and thus contribute to the economy and employment generation," the adviser, who is...

SHELTECH (PVT.) LTD OPENS ITS CHATTOGRAM OFFICE

Sheltech (Pvt.) Ltd inaugurated its Chattogram Office at Rubiya Heights (2nd Floor) at Zakir Hossain Road, South Khulshi, recently. Md. Sharif Hossain Bhuiyan, Executive Director of Operations, Shajahan, Chief Operating Officer, Hosneara Parvin, Chief Business Officer, and other senior officials of Sheltech attended the inaugural ceremony. With a legacy of...

SONALI BANK BOARD HOLDS MEETING WITH SENIOR MANAGEMENT TEAM

The 14th review meeting between the Board of Directors and Senior Management Team (SMT) of Sonali Bank PLC was held at the bank's head office on Sunday. Chairman of the bank Mohammad Muslim Chowdhury presided over the meeting while SMT Chairman and Sonali Bank MD & CEO Md Shawkat Ali...

IPDC HOSTS DISCUSSION ON HOUSING AND SME DEVELOPMENT

IPDC Finance PLC held a discussion on affordable housing and SME business development potential at a hotel in Rajshahi recently. The meeting delved into key opportunities for economic growth in Rajshahi, focusing on affordable home loans, SME business prospects, and the region's social development needs. Md. Abul Kalam Azad, Additional...