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Berger profit falls 11pc on higher tax expenses

Berger Paints endured an 11 per cent year-on-year decline in profit to Tk 857 million in its first quarter (Q1) through June of the year 2025.Despite nominal revenue growth, the company's bottom-line growth was squeezed by increased tax expenses and foreign exchange losses. Berger's revenue grew 2 per cent year-on-year...

AB Bank hosts month-long 'Entrepreneurship Development Programme'

AB Bank hosts month-long 'Entrepreneurship Development Programme'AB Bank PLC recently concluded a month-long 'Entrepreneur Development Programme' under the SICIP project of SME & Special Programs Department of Bangladesh Bank in Cox's Bazar. During the event, certificates were awarded among 25 entrepreneurs and eligible applicants were given loans under open credit...

MEGHNA BANK TRAINING PROGRAMME ON AML/CFT COMPLIANCE

MEGHNA BANK TRAINING PROGRAMME ON AML/CFT COMPLIANCE To reinforce AML and CFT compliance in the banking sector and to raise awareness about money laundering and terrorist financing issues, Meghna Bank PLC organised a daylong training programme on AML/CFT for its employees in the Chattogram region recently. The training programme was...

Capital market to get benefit if listed companies comply with policies: DSE

Dhaka Stock Exchange (DSE) director Maj Gen (retd) Mohammad Quamruzzaman today said if listed companies comply with post-listing rules and regulations, investors of the companies as the capital market will benefit as well, reports BSS."To maintain the trust of investors, consistently fulfill the listing conditions is the correct and responsible...

Standard Bank hosts training on 'AML & CFT Compliance'

Standard Bank hosts training on 'AML & CFT Compliance'Standard Bank PLC organised a daylong training programme on 'AML & CFT Compliance' on virtual platform recently. Md. Habibur Rahman, Managing Director & CEO of the bank, inaugurated the event presided over by Deputy Managing Director & CAMLCO Md. Siddiqur Rahman. A...

7th meeting of new Executive Committee of Union Bank held

7th meeting of new Executive Committee of Union Bank heldThe 7th meeting of the newly formed Executive Committee of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka, on Tuesday. Chairman of the Executive Committee Md. Fariduddin Ahmad presided over the meeting.

BRAC Bank, EBL post robust Q2 growth on returns fuelled by surplus liquidity

BRAC Bank and Eastern Bank Limited (EBL) gained a significant year-on-year growth in profit in the second quarter through June this year, riding on increased investment income. During the April-June period, BRAC Bank's profit surged more than 23 per cent year-on-year to Tk 3.07 billion, while EBL recorded a 10.81...

Prime Bank Investment acknowledged by Euromoney Awards for Excellence

Prime Bank Investment (PBIL), the dedicated investment-banking arm and wholly-owned subsidiary of Prime Bank, has been named Best Bank for Securities Services and Best Investment Bank for Mergers & Acquisitions in Bangladesh at the Euromoney Awards for Excellence 2025, according to a press statement.The accolade highlights the bank's execution excellence...

Chamber Court clears way for holding UCB's AGM tomorrow

The Chamber Court of the Supreme Court's Appellate Division on Tuesday cleared the way for holding the United Commercial Bank PLC's 42nd Annual General Meeting (AGM) tomorrow (Thursday). Justice Farah Mahbub, Chamber Judge of the Appellate Division, on Sunday last stayed until August 4, 2025 two High Court orders that...

CITY BANK BRINGS CITY IMPEX FOR DIGITAL TRADE SERVICES

CITY BANK BRINGS CITY IMPEX FOR DIGITAL TRADE SERVICESCity Bank recently launched "CityImpex", an online platform to facilitate seamless trade services. Clients can execute all types of trade transactions through City Impex anytime &from anywhere in the world. The launching ceremony of the platform was held at City Bank's head...

Reckitt Benckiser profit slides on lower sales

Reckitt Benckiser (Bangladesh) experienced a marginal drop in profit in the second quarter to June this year, compared to the same quarter last year, owing to lower sales amid inflationary pressure.The UK-based multinational firm, which sells health and hygiene products, made a profit of Tk 140 million in April-June this...

Dollar shedding its tariff risk premium

LONDON, July 29 (Reuters): The dollar's surge since the US-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.The weekend's US-EU agreement averted a likely protracted trade war...