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

ICB lays bare wounds in hope of immediate govt support

The state-owned Investment Corporation of Bangladesh (ICB) has finally revealed its true financial picture, declaring a loss of Tk 12.14 billion for FY25 after making full provisions that had previously been deferred."Corrupt people, linked to the past regime, misused public money to serve their own purpose. There are loans provided...

Horlicks rebound fuels Unilever Consumer Care's strong Q3 recovery

Unilever Consumer Care bounced back strongly in the third quarter through September this year, supported by higher sales of Horlicks amid easing inflationary pressure, compared to the same quarter last year.Sales of Horlicks gradually climbed over the past three consecutive quarters to September after a sharp year-on-year decline in 2024...

Bata slips deeper into the red in Q3 after protest-linked vandalism

Despite higher sales, Bata Shoe Company saw its losses escalate 153 per cent year-on-year to Tk 144 million in the third quarter through September this year, having to navigate "exceptional circumstances.""Several retail locations were affected by acts of vandalism, which disrupted operations and had a material impact on financial performance,"...

Al Haramain, Mahid Securities lose TREC licences

The Dhaka Stock Exchange (DSE) has revoked the Trading Right Entitlement Certificate (TREC) licences of two brokerage firms - Al Haramain Securities and Mahid Securities - due to violations of rules.The prime bourse on Wednesday announced the regulatory decision on its website. Al Haramain Securities and Mahid Securities received their...

Prime Bank reports 27pc Q3 profit growth

Prime Bank secured a 27 per cent net profit after tax (NPAT) growth on consolidated basis in Q3, the period which ended on September 30.The board of directors of the bank adopted its Q3 un-audited financial statements at their meeting held on Wednesday, according to a press release.The NPAT was...

MTB FOUNDATION OPENS MTB UCEP TRAINING INSTITUTE FOR YOUTH

Celebrating Mutual Trust Bank's (MTB) anniversary, MTB Foundation, in partnership with UCEP Bangladesh, recently inaugurated the project "MTB UCEP Skills Training Institute (MUSTI)", to provide training in five specialised trades to 1,200 underprivileged youth for over a period of three years. MUSTI, the flagship project under the Education sector of...

PUBALI BANK, BMU INK DEAL FOR ONLINE OPD TICKETING SYSTEM

Patients of Bangladesh Medical University's (BMU) outpatient department (OPD) no longer have to stand in long queue as Pubali Bank has signed an agreement for the implementation of online ticketing system of OPD with the institution. Pubali Bank Managing Director & Chief Executive Officer Mohammad Ali; BMU Vice Chancellor (acting)...

MERCANTILE BANK ORGANISES TRAINING ON RISK AWARENESS

To enhance employees' understanding of risk management and promote a culture of risk awareness, Mercantile Bank Training Institute on October 26 organised a day-long risk awareness training, where the bank's 48 officials from different branches and divisions participated. The bank's Deputy Managing Director & Chief Risk Officer (CRO) Md. Zakir...

Apple hits $4 trillion market value as new iPhone models boost sales

Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race, reports Reuters.Its stock briefly reached $269.89, giving Apple a...