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

Leading drug makers show promise, with double-digit growth

The leading drug makers secured a double-digit year-on-year growth in profit in FY24, driven by higher sales amid stability in the forex market.Based on the profit growth, they declared higher cash dividends for FY24, compared to the previous year."The drug makers maintained their profit growth as the demand for generic...

Khulna Power's fate sealed after shutdown of plants

Khulna Power Company decided to shut down its remaining two power plants as the government has stopped demanding electricity from it.It had a total of three plants. KPCL Unit I of 110-megawatt capacity was sold a few years ago. After the closure of two other power plants -- KPCL Unit...

Negative equity needs immediate solution: Stakeholders to BSEC

FE ReportStakeholders urge the securities regulator to find a 'quick solution' to the problems arising out of negative equity, blaming forced sales in margin accounts for the sharp decline of the index this week.Representatives of the bourses, merchant banks, and asset management companies sat with the Bangladesh Securities and Exchange...

Major Gulf markets rise as Iran downplays Israel's strikes

Major stock markets in the Gulf rose in early trade on Monday as tensions eased after Iran played down Israel's strikes on military targets over the weekend, saying the air attack had caused only limited damage, reports Reuters.The strikes bypassed Tehran's oil and nuclear infrastructure and did not disrupt energy...

China launches new lending tool before year-end loan expiry

BEIJING, Oct 28 (Reuters): China's central bank launched a new lending tool on Monday to inject more liquidity into the market and support credit flow in the banking system ahead of the expiration of trillions of yuan in loans at the end of the year.The People's Bank of China said...

Male-to-female worker ratio in RMG sector on the decline

FE ReportChallenges such as traditional gender norms, inadequate childcare, pregnancy issues, limited job security, and age barriers hinder the long-term career prospects of female garment workers, resulting in a gradual decline in their participation in the apparel industry.The male-to-female worker ratio in the country's ready-made garment industry has been declining...

IFIC Bank Moulvi Bazar (Dhaka) branch relocated

IFIC Bank Moulvi Bazar (Dhaka) branch relocatedIFIC Bank's Moulvi Bazar (Dhaka) branch has moved to a new location, aiming to render better customer service on a larger scale. The opening ceremony, held at Chawk Bazar in old Dhaka on Sunday, was attended by Deputy Managing Director and Chief of Branch...

Citizens Bank opens Badda Sub-Branch

Citizens Bank opens Badda Sub-Branch Mohammad Masoom, Managing Director & CEO of Citizens Bank PLC, formally inaugurated Badda Sub-Branch at Middle Badda in Dhaka on Monday. Local elite and valued clients and other officials of the bank were present on the occasion.

Karmasangsthan Bank gets new chairman--

Dr A F M Matiur Rahman, a former secretary, has joined Karmasangsthan Bank as its chairman recently, says a statement. He has been appointed as the chairman of the bank for the next three years from the date of joining. Dr. Rahman started his career in the government service in...

GLOBAL MEDIKLAUD TO PROVIDE CLOUD-BASED HOSPITAL ERP SOLUTION FOR APOLLO CLINIC

GLOBAL MEDIKLAUD TO PROVIDE CLOUD-BASED HOSPITAL ERP SOLUTION FOR APOLLO CLINICGlobal Mediklaud (BD) Limited has signed an agreement with Apollo Clinic, Dhanmondi, Dhaka, to provide cloud-based Hospital Enterprise Resource Planning (ERP) system. The agreement was signed at a ceremony at the Apollo Clinic in Dhaka on Sunday. Shah Hasibur Rahman,...

DELTA LIFE HOLDS 'WOMEN WORKERS' CONFERENCE'

DELTA LIFE HOLDS 'WOMEN WORKERS' CONFERENCE' Gono-Grameen Bima Division of Delta Life Insurance Company Ltd. organised a 'Women Workers' Conference 2024' at Dream Holiday Park in Narsingdi on Sunday to recognise women's empowerment and celebrate their successes in the workplace. Director of the company Adibar Rahman was present as the...

Walton launches new e-bike

Walton has launched Takyon 1.00 (38 AH), a new electric bike that can travel up to 120 kilometres on a single charge.Using the electric bike costs just 15 paisa per kilometre. Priced at Tk 149,500, the e-bike is available in three colours -- red, gray, and blue. It can be...