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

Envoy Textiles' go-green pursuit has economic motive too

Envoy Textiles has begun operations at its second fabric recycling plant to convert all waste into recycled yarn, in a bid to meet buyers' growing demand for environmentally friendly products.With the new plant running, the company's recycling capacity now stands at 18 MT per day. The facility not only processes...

From drugs to tower: Asiatic Laboratories bets on real estate

Asiatic Laboratories has unveiled plans to build a 32-storey tower in Dhaka's Tejgaon commercial area as part of its effort to diversify income beyond medicine manufacturing.The "high-tech" building, to be named Time Square - Dhaka, will be built on 20 kathas of land, according to a stock exchange filing on...

Chattogram port to go fully digital by February, says its Chairman

CHATTOGRAM, Sept 28 (BSS): Chattogram Port is set to achieve full digitisation by February 2026, according to Port Chairman Rear Admiral SM Moniruzzaman. He made the announcement on Saturday night while addressing the World Maritime Day celebration organised by the Bangladesh Merchant Marine Officers Association (BMMOA) at the Navy Convention...

MTB LAUNCHES 11TH ANNUAL SUSTAINABILITY REPORT 2024

Mutual Trust Bank (MTB) has unveiled its 11th Annual Sustainability Report for 2024, prepared following the Global Reporting Initiative (GRI) standards. Released under the tagline "Our Sustainability Journey is defined by action," the report showcases MTB's efforts in green financing, environmental stewardship, governance, and social responsibility, emphasizing the bank's commitment...

CITIZENS BANK INKS DEAL WITH BB FOR WOMEN ENTREPRENEURS

Citizens Bank recently signed a partnership agreement with the Bangladesh Bank (BB) under a refinancing scheme for women entrepreneurs in cottage, micro, small and medium enterprises (CMSMEs). Citizens Bank Managing Director Mr. Alamgir Hossain and BB SME & Special Programs Department Director (Current Charge) Mr. Muhammad Mustafizur Rahman signed the...

MODHUMOTI BANK HOLDS 138TH BOARD MEETING

The 138th meeting of the executive committee of the board of directors of Modhumoti Bank was held on Saturday at the bank's head office. The meeting was presided over by the bank's Executive Committee Chairman Mr. Salahuddin Alamgir. Among others, Mr. Mostafa Kamal, Mr. Mohammad Ismail Hossain, Mr.Nemai Kumar Saha...

Sonali Bank opens sub-branch in Bogura

Sonali Bank PLC opened a new sub-branch named 'Bagbari sub-branch' under the supervision of Gabtali Branch in Bogura on Sunday, says a press release. Managing Director and CEO of the bank Md Shawkat Ali Khan inaugurated the sub-branch as the chief guest while Deputy Managing Director Md Abu Sayed was...

Sony Expo 2025 extended till tonight

Considering the interest of buyers and visitors, the duration of Sony Expo 2025, the largest Sony product exhibition of the year ongoing at the five-star Hotel Intercontinental Dhaka in the capital, has been extended by two days, says a press release. The company says an exhibition of Japanese Sony products...

Taskforce working to recover NPL of Tk 220b, says Rupali Bank MD

State-owned Rupali Bank Managing Director (MD) Kazi Md Wahidul Islam has said a dedicated taskforce comprising bank officials is actively working to recover non-performing loan (NPL) of Tk 220 billion (22,000 crore), with Tk 17 billion (1,700 crore) already retrieved through its efforts, reports BSS.He came up with the development...

Drilling of 'Srikail-5 Appraisal-cum-Dev Well' of BAPEX begins

Under the project "Drilling of 2 Appraisal-cum-Development Wells (Sundalpur-4 and Srikail-5) and 2 Exploration Wells (Sundalpur South-1 and Jamalpur-1)," the drilling of the Srikail-5 Appraisal-cum-Development Well was formally inaugurated on Sunday by Managing Director of BAPEX Engineer Md. Fazlul Haque, says a press release.The event was attended by the General...

IUT Alumni Asssoc’s elected committee takes oath

Newly-elected members of the executive committee of the Islamic University of Technology Alumni Association (IUTAA) took oath. The oath-taking ceremony was held at IUT auditorium on Friday. The ceremony was chaired by the chief patron of IUTAA Prof Dr Mohammad Rafiqul Islam, Vice Chancellor of IUT. After the oath-taking, the...

World Pharmacists Day celebrated at ADUST

The Department of Pharmacy at Atish Dipankar University of Science & Technology (ADUST) celebrated the World Pharmacists Day-2025 with a series of vibrant events, including a colorful rally, various competitions, and a grand ceremony recently.Md Saidur Rahman, Secretary, Health Services Division, Ministry of Health and Family Welfare, was present as...

Food Adviser inspects new warehouse under construction in Ctg

CHATTOGRAM, Sept 28 (BSS): Food Adviser Ali Imam Majumdar has inspected the construction progress of a 500-metric ton capacity food warehouse in Anwara upazila here this morning.Arriving at the project site at 9:30 am, he reviewed the ongoing work and interacted with contractor teams and officials, stressing timely completion.The adviser...

S Arabia, S Korea deepen cooperation in innovation and SMEs

RIYADH, Sept 28 (Arab News): Saudi-Korean bilateral cooperation in innovation and enterprises is set to flourish after the two nations discussed expansion opportunities in high-potential sectors. A meeting between Saudi Arabia's Investment Minister, Khalid Al-Falih, and South Korea's Minister for SMEs and Startups, Han Seong-suk, in Seoul focused on strategically...

With US backing, Argentina gains time - but October vote will be crucial

LONDON, Sept 28 (Reuters): Argentina's "whatever it takes" moment with the United States this week may have given the country its best chance to escape decades of chaotic debt defaults and bailouts, investors say. But everything hinges on October's nationwide election.Argentine assets soared after US Treasury Secretary Scott Bessent said...