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

Robi's Q3 profit jumps 28pc on cost cuts, forex gains

Despite tough market competition, Robi Axiata secured a 28 per cent year-on-year surge in profit to Tk 2.42 billion in the third quarter through September this year, supported by higher revenue.Consolidated earnings per share (EPS) rose to Tk 0.46 in the July-September quarter this year from Tk 0.36 in the...

United Power's profit hits new high, yet investors react to restrained dividend

United Power Generation & Distribution Company has posted an impressive 48 per cent year-on-year growth in profit to Tk 11.98 billion in FY25 - the highest annual profit since its listing.It attributed the profit increase to higher production, a hike in bulk tariffs, stable foreign exchange rates, and lower finance...

Renata's FY25 profit slumps 38pc on higher input, finance costs

Renata has posted a 38.6 per cent lower profit to Tk 2.22 billion for FY25 compared to the previous year, despite handsome revenue growth, as the cost of raw materials, labour, and finance increased.The drug maker showed Tk 19.36 as earnings per share for FY25, down from Tk 31.53 a...

Reckitt Benckiser returns to growth on higher sales, cost cuts

Reckitt Benckiser gained 21 per cent year-on-year profit growth to Tk 246 million in the third quarter through September this year, owing to higher sales and lower finance costs.That marks a turnaround, as the company's business had remained sluggish since 2021 after the pandemic waned, followed by the Russia-Ukraine war...

Chief Adviser Professor Muhammad Yunus poses for photograph with a delegation from Japan's NBCC

Chief Adviser Professor Muhammad Yunus poses for photograph with a delegation from Japan's National Business Support Combined Cooperatives (NBCC) after a meeting held at the State Guest House Jamuna on Sunday. — PID

Focus on skilled workers to navigate the Fourth Industrial Revolution

Bangladesh should put greater emphasis on the development of skilled human resources to meet the challenges and opportunities brought about by rapidly changing economic activities, driven by evolving information and technology, experts said at a discussion on Monday. They also stressed the need for modernisation of the country's education system,...

Karmasangsthan Bank holds public hearing programme

As part of the 'Youth Festival 2025' celebration, Karmasangsthan Bank organised a flagship programme titled 'Customer Service Fortnight'. On Monday, Public Hearing and Grievance Redress programmes were held simultaneously at 33 branches across the bank's regional offices nationwide, says a press statement.Deputy Managing Director Meher Sultana attended the programme at...

PRIME BANK PARTNERS WITH GLG ASSETS TO OFFER DISCOUNTS ON FLAT PURCHASES

Prime Bank entered into a strategic partnership with GLG ASSETS, one of Bangladesh's most reputed real estate developers, to offer exclusive discounts on flat purchases for its valued customers. A formal signing ceremony marking this collaboration was recently held at Prime Bank's corporate office in Gulshan. Under this agreement, Prime...

PREMIER BANK CELEBRATES 26 YEARS OF BANKING

Premier Bank marked its 26th anniversary on Sunday, celebrating a remarkable journey under the theme "Banking for Greater Good." The event was inaugurated by Dr. Arifur Rahman, chairman of the board of directors, at the bank's head office in Banani, Dhaka. Among other members of the board of directors, Md....

JANATA BANK HOLDS TRAINING COURSE IN RANGPUR

Overseas Banking Department of Janata Bank PLC has organised a three-day training course titled 'SWIFT ISO 20022 (MX) Migration: Introducing PACS' at Rangpur Divisional office. Managing Director of the bank Md Mazibur Rahman inaugurated the course on Saturday. A total of 20 officers participated in the training course. Mohammad Anis,...

SOUTH ASIA INSURANCE CO HOLDS BRANCH MANAGERS' CONFERENCE

South Asia Insurance Company Ltd held its '3rd Quarterly Branch Managers' Conference -2025' at the company's Head Office in Dhaka recently. The event was presided over by Muhammad Nurul Alam Chowdhury, Managing Director and CEO of the company. The conference brought together all branch heads and senior executives from the...

NESTLÉ CONDUCTS FREE 'MEDICAL CAMP'

Nestlé Bangladesh organised a free 'Medical Camp' for the community near its Sreepur Factory recently, reaffirming its vision to enhance the quality of life for everyone. Over 500 individuals -- men, women, and children - underwent vital health check-ups at four doctors' stations, which provided essential health services and consultations.

India races to reform financial sector as foreigners pull $17b

MUMBAI, Oct 27 (Reuters): Rattled by nearly $17 billion in foreign outflows this year, India is doubling down on financial sector reforms in a push to beef up capital buffers and lift investment in the country amid wider worries about the economic hit from US tariffs.Several measures to anchor foreign...

China presses for stronger economic, trade ties after Trump departs ASEAN summit

KUALA LUMPUR, Oct 27 (Reuters): China pressed on Monday for stronger economic ties and more open trade at a regional summit in Malaysia dominated by the shadow of steep US tariffs after proceedings attended by President Donald Trump.In a flurry of deal-making on his first stop during a five-day tour...

Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns

Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday, reports Reuters.The appeal comes ahead of the November 6 annual meeting, with Tesla's board having faced repeated criticism for not acting in...