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

Inflation, weak demand weigh on listed MNCs' H1 earnings

Listed multinational companies delivered mixed but largely weaker earnings in the first half (January-June) of 2026 as persistent inflation, subdued consumer demand and higher operating costs continued to squeeze profit margins.Market analysts said prolonged inflation eroded consumers' purchasing power, while elevated energy costs and sluggish economic activity weighed on sales...

LafargeHolcim Q2 profit rises 8pc on higher sales

LafargeHolcim Bangladesh PLC posted an 8 per cent year-on-year increase in net profit in the second quarter (April-June) of 2026, driven by higher revenue, strategic price adjustments and strong demand for premium products.The multinational cement manufacturer reported a profit after tax of Tk 1.05 billion for the April-June quarter, up...

Marico declares 500pc interim cash dividend

Marico Bangladesh has declared a 500 per cent interim cash dividend based on audited financial statements for the three-month period ended in June this year.The India-based personal care products manufacturer, whose financial year runs from April to March, reported 4 per cent year-on-year revenue growth in April-June quarter 2026.However, the...

IPDC finance reports 37.6pc profit growth in first half of 2026

IPDC Finance, the country's first private financial institution, reported a 37.6 per cent year-on-year (YoY) growth in net profit after tax, reaching Tk 207 million in the first half of 2026. The performance was driven by higher net interest income, investment earnings and prudent cost management, according to a press...

MODHUMOTI BANK GREETS NEWLY ELECTED BOARD LEADERSHIP

The 98th meeting of the Board of Directors of Modhumoti Bank PLC has unanimously elected Salahuddin Alamgir as the Chairman, Mohammad Ismail Hossain as the Vice Chairman, Mostafa Kamal as the Chairman of the Executive Committee, and A Mannan Khan as the Chairman of the Risk Management Committee of the...

PRIME BANK HOLDS 'EMPOWERING YOUTH SEASON 2.0' AT UIU

Prime Bank PLC held another session of its flagship "Empowering Youth-Season 2.0" initiative at United International University (UIU), bringing together industry leaders and aspiring graduates to bridge the gap between academia and the corporate world.Rup Ratan Pine, Executive Director (Grade-I) of Bangladesh Bank, attended the session as the Chief Guest...

SOUTHEAST BANK CO-SPONSORS HAJJ AND UMRAH FAIR

Southeast Bank PLC has extended co-sponsorship to the Hajj Agencies Association of Bangladesh (HAAB) for organising the Hajj and Umrah Fair 2026.The three-day fair will be held from Thursday to Saturday at the Bangladesh-China Friendship Conference Centre in Dhaka.Md Musfiqur Rahman, executive vice president and head of the Logistics and...

HSBC CELEBRATES SAUDIA'S JOURNEY IN BANGLADESH

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh has recently hosted an exclusive event: 'Powering global connectivity' - to celebrate Saudia's journey of 46 years in Bangladesh and the enduring partnership between Saudia and HSBC at a local hotel in Dhaka, Bangladesh. The event was graced by Afroza Khanam, MP,...

UNION CAPITAL HOLDS ITS 28TH AGM

The 28th annual general meeting (AGM) of Union Capital was held on Wednesday at Gulshan Shooting Club, Gulshan-1, Dhaka through hybrid platform. Dr. Qazi Moinuddin Mahmud, chairman & independent director of Union Capital, presided over the meeting. Mohammad Anwarul Hoque, Mohammad Eklas Uddin, Parimal Chandra Chakraborty and Barrister Mohammad Mashiur...

SONALI BANK SIGNS MOU WITH CUMILLA CITY CORPORATION

Sonali Bank signed a memorandum of understanding (MoU) with Cumilla City Corporation (CCC) to collect various fees and charges through the Sonali Payment Gateway. The MoU signing ceremony was held at CCC conference room on Wednesday. Md. Yousuf Mollah, CCC administrator, and Md. Golam Siddique, general manager incharge of GM...

Unilever agrees 2-year worker protection after $65b McCormick merger

LONDON, July 29 (Reuters): Unilever, has agreed to protect employment terms of workers in its European and British food business for two years after the planned 2027 completion of its $65 billion merger of the unit with US spice maker McCormick, according to a memo.The previously unreported guarantee, twice as...

Qualcomm wins BMW chip supply deal for future vehicle platforms

Qualcomm said on Wednesday it has signed a long-term deal to supply chips for German luxury automaker BMW's future digital cockpit and advanced driver-assistance systems through the next decade, reports Reuters.The agreement comes as competition intensifies in the automated driving market, with Nvidia and Mobileye Global also aiming to supply...

Musk's X says Australia social media ban crackdown undermines international law

SYDNEY, July 29 (Reuters): Elon Musk's X accused Australia of trying to give its internet regulator unfair information-gathering powers and undermining US law with plans for tougher enforcement of a teen social media ban.Australia's world-first law barring accounts for under-16s took effect last December, drawing criticism from social media companies,...

Colgate-Palmolive India's quarterly profit rises

Colgate-Palmolive India reported a rise in quarterly profit on Wednesday, helped by healthy demand in its core oral care product portfolio as well as premium offerings, reports Reuters. The Indian unit of US-based Colgate Palmolive, reported a net profit rise of 6.9 per cent to 3.43 billion rupees ($35.84 million)...

Global stocks muted as investors count down to Fed verdict, tech earnings

Global shares struggled to push higher on Wednesday, as modest gains in Europe and the US did little to soothe investors spooked by a punishing selloff in Asia, where unease over AI valuations has frayed nerves, reports Reuters.With sentiment towards AI-linked chipmakers turning sharply negative amid mounting fears over competition...