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

Square Pharma's profit up 23pc in Q3 on higher revenue

Square Pharmaceuticals earned 23 per cent more to Tk 6.05 billion in January-March (Q3), FY25, compared to the same period of the previous year, as operating profits significantly jumped year-on-year. Sales of medicines were remarkably high during the month of Ramadan in the quarter, boosting revenue. The remarkable bottom-line growth...

Power Grid in the red, with higher foreign debts

Power Grid experienced a loss of Tk 1.85 billion in the third quarter through March of FY25 as the burden of repayment against foreign loans intensified.The state-owned power transmission entity had a profit of Tk 2.17 billion in the same quarter a year ago, according to its unaudited financial statements...

Titas Gas's loss swells in Q3 on higher expenses

Titas Gas Transmission and Distribution showed a hefty loss of Tk 2.36 billion in the third quarter of FY25 despite a 3.4 per cent year-on-year revenue growth. It was unable to generate enough income to cover the cost of producing and delivering the gas.The natural gas distributor's loss per share...

Marico to pay record annual dividend, driving yield up to over 15pc

Marico Bangladesh has declared a 1,950 per cent final cash dividend for January-March this year, with which it is going to pay record cash dividends of 3,840 per cent for its latest financial year. Due to the record dividend declaration, the company's dividend yield is set to reach an all-time...

PRIME BANK, ICB ASSET MANAGEMENT INK MOU

Prime Bank and ICB Asset Management Company Limited (IAMCL) signed a memorandum of understanding (MOU) to enhance the sales of units of open-end mutual funds managed by IAMCL. Recently, a signing event was held at the ICB head office in Dhaka. The event was attended by Professor Abu Ahmed, chairman...

IFIC BANK INKS DEAL TO PROVIDE PAYROLL SERVICES TO ICB

IFIC Bank has signed a memorandum of understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services to ICB employees. The agreement was formalised on Tuesday at a signing ceremony held at the ICB Conference Room in BDBL Bhaban, Rajuk Avenue, Dhaka. The MoU was signed...

MODHUMOTI BANK 84th BOARD MEETING HELD

The 84th meeting of the Board of Directors of Modhumoti Bank PLC was held on Tuesday. Chairman of the Board of Directors Humayun Kabir and members Mohammad Ismail Hossain, Nemai Kumar Saha, Salahuddin Alamgir, Mostafa Kamal, Tanjima Binthe Mostafa, Humayun Kabir Bablu, Sultana Jahan, A. Mannan Khan, Ferdousi Islam, Tanveer...

United Finance holds 231st board meeting

United Finance PLC held the 231st meeting of its Board of Directors at the company's Head Office in Dhaka on Monday. The meeting was presided over by Najmul Hasan, Chairman of the Board, and attended by all members of the Board of Directors. Key agenda discussed during the meeting included...

Why China won't 'weaponise' its US Treasuries stash

ORLANDO, Florida, April 29 (Reuters): China's 'nuclear' option in its financial war with the United States has long been assumed to be rapidly liquidating its outsized Treasury bond holdings, as this could crash the dollar, jack up interest rates and disrupt the US economy.Concerns about this potential threat have returned...

Biggest risk to markets is a fragmented world, says Norway wealth fund CEO

OSLO, April 28 (Reuters): The world economy appears to be fragmenting, posing the biggest risk to markets currently as it brings low growth and higher inflation, the CEO of Norway's $1.8 trillion sovereign wealth fund told Reuters.The fund, which invests the Norwegian state's revenues from oil and gas production, is...