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

Renata's stock drops despite strong profit growth

The stock price of Renata PLC dropped 2.31 per cent on Sunday even as the drug maker reported an impressive profit growth and declared a hefty dividend for the financial year that ended in June last.The drug maker posted a net profit of Tk 3.62 billion in FY24, registering a...

MTB Foundation presents 'Bravery Award'

The MTB Foundation recently presented its 14th Bravery and Courage Award to the family of late Md Jubayer, who lost his life while trying to save a mother and her one-year-old son as they attempted to commit suicide by jumping in front of an oncoming train in Adorsha College Gate...

MA Kashem new chairman of Southeast Bank

MA Kashem was unanimously elected Chairman of Southeast Bank PLC at its 743rd Board Meeting held on Sunday, says a statement.Mr Kashem, the founder chairman and sponsor-director of the bank, is also the chairman of Rose Corner (Pvt.) Limited. He is a member of North South University Trust and a...

CCH extends dual delivery policy for importers

CHATTOGRAM, Sept 29: The Chittagong Customs House (CCH) has extended the permission for importers to take delivery of 38 types of imported goods, including food products specified by the National Board of Revenue (NBR) from both the jetties of the Chittagong sea port and private Inland Container Depots (ICDs). This...

Assets in actively managed ETFs top $1 tr worldwide

Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the end of August, according to data provider ETFGI, boosted by easier regulations and a wave of product innovation, reports Reuters.Active ETFs seek to outperform the indexes they are benchmarked to, including the S&P 500, the...

LankaBangla Finance launches co-branded titanium credit card

LankaBangla Finance PLC and STS Capital Ltd (STS Group), in partnership with Mastercard, recently launched a co-branded credit card offering exclusive benefits for STS Group's employees, teachers, and parents of students under the STS education umbrella, including Universal College Bangladesh (UCB), Interna-tional School Dhaka (ISD), Glenrich International School and STS...

ACI Motors launches Yamaha FZS Version 4.0

Yamaha has consistently been a global leader in modern and exceptional motorcycles. Bangladesh is no exception to this distinction. Ever since its partnership with ACI Motors in 2016, Yamaha has gained even more popularity among both young and experienced Bangladeshi bikers. Currently, ACI Motors is a technical collaboration partner of...

Trust Bank PLC Managers' Meet 2024

General Wakar-Uz-Zaman, OSP, SGP, psc, Chief of Army Staff, Bangladesh Army, and Chairman of Trust Bank PLC, was present as the Chief Guest at the Managers' Meet 2024 of the bank on Saturday at Radisson Blu Water Garden Hotel, Dhaka. Directors of the bank, high officials from the head office...

Shahjalal Islami Bank holds 384th Board Meeting

The 384th meeting of the board of directors of Shahjalal Islami Bank PLC was held at its corporate head office in the city recently. Chairman of the bank AK Azad presided over the meeting. The board has approved a number of investment proposals. Among others Vice-Chairmen of the board Mohammed...

Uttara Bank's Kansat Branch opens at new premises in C'nawabgonj

The Kansat Branch of Uttara Bank PLC was opened at its new premises at Kansat Gopalnagar Eidgah Market, Shibgonj in Chapainawabgonj on Sunday. Managing Director & CEO of the bank Mohammed Rabiul Hossain inaugurated the branch as the chief guest. Uttara Bank Deputy Managing Director Md Rezaul Karim, General Manager...

Nepal dam-building spree powers electric vehicle boom

KATHMANDU, Sept 29 (AFP): Taxi driver Surendra Parajuli's decision to buy an electric cab would have been unthinkable a decade ago, when chronic power cuts left Nepalis unable to light their homes at night.But a dam-building spree has led to dirt-cheap energy prices in a landlocked Himalayan republic otherwise entirely...

India to probe fire at Tata plant making components for Apple iPhones

BENGALURU, Sept 29 (Reuters): Indian authorities are set to begin a forensic investigation into the cause of a fire that broke out on Saturday at a Tata Electronics factory that makes components for Apple iPhones, a Tamil Nadu state official said on Sunday. The factory, for which Sunday was a...

Thailand's pension fund earmarks $11.6b for global investment overhaul

BANGKOK, Sept 29 (Reuters): Thailand's underperforming $77 billion social security fund will invest $11.6 billion in a new foray into global private assets, an executive told Reuters, part of a strategic overhaul to address its poor returns amid rising demand from an ageing population.Thailand's biggest state fund, which supports healthcare,...

DSE turnover drops below Tk 5b mark after six weeks

The daily trade turnover on the Dhaka Stock Exchange (DSE) fell below the Tk 5 billion mark on Sunday after six weeks, as investor sentiment remained subdued due to prevailing concerns.Turnover, a crucial indicator of the market, stood at Tk 4.81 billion on the country's premier bourse, down 9 per...

Jobs data to test US stock mkt's soft-landing hopes

NEW YORK, Sept 29 (Reuters): Investor hopes for a soft landing for the US economy will be put to the test next week, as the government releases closely watched labor market data following a series of disappointing jobs reports.Wall Street's benchmark S&P 500 index is up 20 per cent year-to-date...