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

Interest income shock halves Jamuna Oil's Q2 profit

Jamuna Oil Company's profit halved year-on-year to Tk 691 million in the second quarter of FY26 as it failed to realise interest income from deposits in Islamic banks that have been merged to salvage them from a liquidity crisis.The state-run company holds fixed deposit receipts (FDRs) amounting to Tk 10.66...

Peninsula Chittagong comes out of the red, aided by cost cuts

The Peninsula Chittagong posted a profit of Tk 6.27 million in the second quarter (October-December) of FY26, rebounding from losses in the same quarter a year earlier, mainly due to reduced salary and tax expenses.The listed hotel recorded less than 3 per cent growth in sales to Tk 111.45 million...

IDCOL hosts climate action consultation with Korean delegation

The Infrastructure Development Company Limited (IDCOL) hosted a stakeholder consultation meeting with a visiting delegation from the Korea Environmental Industry & Technology Institute (KEITI) on Sunday to discuss renewable energy, energy efficiency technologies, and Bangladesh's climate action mechanisms.The consultation brought together senior officials from IDCOL, representatives of the Economic Relations...

BFFEA calls for lifting suspension of vannamei post-larvae import approvals

Voicing concerns over the recent suspension of all new and existing approvals for the import of post-larvae for vannamei shrimp farming, the country's shrimp and fish exporters have urged the government to withdraw the decision.Bangladesh Frozen Food Exporters Association (BFFEA) in a statement termed the decision 'suicidal' and alleged that...

BRAC Bank becomes number 1 for 4 consecutive years

BRAC Bank has once again secured its position as the top-performing bank in secondary market trading in government securities (GSEC) for the fourth consecutive year, as per the latest yearly report on GSEC published by the Bangladesh Bank. In FY25, BRAC Bank expanded its market share to 17.03 per cent,...

MIDLAND BANK SIGNS MOU WITH BRIDGE HOLDINGS LTD

Midland Bank signed a memorandum of understanding (MoU) with Bridge Holdings Limited on January 19. The MoU signing ceremony was held at the Bridge Holding's head office in Gulshan-2, Dhaka. Md. Zahid Hossain, managing director (current charge) of Midland Bank, and Md. Harun-ur Rashid, chairman, Bridge Holdings Ltd, signed the...

SHAHJALAL ISLAMI BANK INKS REMITTANCE DISBURSEMENT AGREEMENT WITH NAGAD

Shahjalal Islami Bank inked a remittance disbursement deal with Nagad at its corporate head office on Sunday to ensure that remittances sent by expatriates reach their beneficiaries quickly and seamlessly. Mosleh Uddin Ahmed, managing director, Shahjalal Islami Bank, and Md. Motasem Billah, administrator of Nagad, signed the agreement. Under the...

Al-Arafah Islami Bank holds training course on Leadership Development

A three-day training course titled "Leadership Development in Branch Management" has started at Al-Arafah Islami Bank Training Institute. Managing Director and CEO of the bank Mohd. Rafat Ullah Khan inaugurated the training workshop as the chief guest on Sunday. Deputy Managing Director Md. Asaduzzaman Bhuiyan was present at the event....

UNITED FINANCE TEAMS UP WITH UNITED HEALTHCARE SERVICES

United Finance PLC and United Healthcare Services Ltd. have entered into a strategic partnership aimed at enhancing customer wellbeing through a range of value added healthcare services, exclusive discounts, and tailored wellness packages. The agreement was signed by Mohammad Faizur Rahman, Chief Executive Officer, Healthcare Division, United Group, and Mohammad...

US rate check masks stiff hurdle to coordinated yen intervention

TOKYO, Jan 26 (Reuters) : The unusual rate check by the New York Federal Reserve that triggered a spike in the stubbornly weak yen has lowered the threshold for intervention, but coordinated Japan-U.S. selling of dollars still looks highly unlikely at this stage.The Fed's action late on Friday was the...

SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini

Jan 23 (Reuters): The U.S. Securities and Exchange Commission on Friday agreed to dismiss its enforcement case against a cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in its lending program recovered their assets in full.The SEC and the exchange now known as Gemini Space Station...

Most Gulf markets in red on geopolitcs

Most Gulf stock markets slipped in early Monday trading, weighed by a mix of geopolitical and policy worries - ranging from US-NATO tensions over Greenland and uncertainty around tariffs to growing questions about the US Federal Reserve's independence, reports Reuters.