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

United Power secures higher profit after bulk electricity tariff hike

United Power Generation & Distribution Company secured a 5 per cent year-on-year growth in profit to Tk 2.92 billion in the second quarter of FY25, driven by higher revenue amid bulk power tariff hike.The power generation company's consolidated earnings per share (EPS) stood at Tk 4.98 in the second quarter,...

DESCO returns to profit in Q2, on higher distribution revenue

Dhaka Electric Supply Company (DESCO) returned to profit in the second quarter of FY25 as its distribution revenue escalated 115 per cent year-on-year to Tk 2.23 billion during the period.DESCO earned Tk 261.68 million in October-December last year while it had a loss of Tk 434.66 million during the same...

ACI to set up herbal medicine unit

Advanced Chemical Industries (ACI) has decided to set up a new subsidiary --- ACI Herbal and Nutraceuticals -- to tap into the herbal medicine market amid growing demand.The new entity will have an authorised capital of Tk 1 billion and a paid-up capital of Tk 100 million, said the business...

Pursue economic diplomacy for enhanced market access

A taskforce has suggested pursuing economic diplomacy to ensure enhanced access of Bangladeshi goods and services to international markets, reports BSS."To ensure that Bangladeshi goods, services, and skilled labour gain greater access to broader international markets, a proactive approach to economic diplomacy is needed," says a report of the taskforce.Education...

BRAC Bank, BPC partner to simplify payments for tourists

BRAC Bank has partnered with Bangladesh Parjatan Corporation (BPC) to introduce seamless payment solutions for local and international tourists.Under this collaboration, the corporation will accept payments through BRAC Bank's Point of Sale (POS) terminals and Bangla QR codes, allowing tourists to transact using VISA, MasterCard, JCB, Diner's Club, and Discover...

Shayema Akter joins IFIPLC as Independent Director

Shayema Akter, FCA, has recently joined Islamic Finance and Investment PLC (IFIPLC) as the company's first female Independent Director, says a statement.Shayema Akter has more than 20 years of professional exposure. She is a Senior Director of S.F. Ahmed & Co. Chartered Accountants. Shayema Akter is a fellow member of...

MTB UNVEILS NEW LOGO

Mutual Trust Bank (MTB) unveiled its new logo at 'MTB Annual Town Hall 2025', hosted with the theme 'Navigating Challenges, Building Trust'. The recent meeting at a venue in the capital brought together about 3,000 employees from across the country. MTB's Founding Chairman and also the current Chairman Syed Manzur...

UCB, DGEPAY COLLABORATE TO DRIVE DIGITAL BANKING

To enhance digital payment services nationwide, United Commercial Bank (UCB) signed a strategic memorandum of understanding with payment gateway service provider, DGePay. The signing ceremony was held at the UCB corporate office on Tuesday. The collaboration will facilitate advanced payment gateway services. UCB's payment gateway has already beenprocessing online ticket...

MERCANTILE BANK HOLDS TOWN HALL MEETING AT CHATTOGRAM

Mercantile Bank held its 'Town Hall Meeting' at Chittagong Club, Chattogram, on Saturday. The bank's Managing Director Mati Ul Hasan was present as chief guest at the meeting and delivered his speech highlighting non performing loan, future planning, deposits and modern customer services. All heads of branches and sub-branches, executives...

JANATA BANK ROLLS OUT NEW DEPOSIT SCHEME

Janata Bank PLC has launched a deposit scheme titled 'Janata Bank deposit Pension Scheme (JBDPS). Managing Director Md. Golam Mortuza inaugurated the new scheme on Sunday. Under the scheme, customers can deposit amounts ranging from Tk 500 to Tk 25,000 on a monthly basis for a term of 5 or...

Islami Bank Sylhet Zone holds agent banking conference

Sylhet Zone of Islami Bank Bangladesh PLC organised an agent banking business development conference and workshop on 'Prevention of Money Laundering & Terrorist Financing' on Sunday at a hotel in Sylhet city. Md. Saiful Islam Khan, Executive Director of the Bangladesh Bank, addressed the conference as the chief guest. Md....

MOHAKHALI BRANCH OF SOCIAL ISLAMI BANK HOSTS CLIENT GET-TOGETHER

Mohkhali Branch of Social Islami Bank organised a 'Client Get-together' recently. Md. Nazmus Saadat, Managing Director (Acting) of the bank, was present as the chief guest. The programme was presided over by Md Firoz Ahmed, Manager of Mohakhali Branch. Md Abdul Mottaleb, Manager of Principal Branch, and Shamim Ara Khanom,...

Safe food crucial for hypertension control: Experts

Speakers at a webinar said on Sunday unsafe food and poor food habits are major contributors to the rising cases of hypertension and other non-communicable diseases in Bangladesh, reports UNB.The webinar, titled "Safe Food to Combat Hypertension Risk," was organised by the research and advocacy organisation PROGGA (Knowledge for Progress),...

Looming tariffs worry Wall Street over earnings hit, inflation pressure

NEW YORK, Feb 2 (Reuters): Investors are bracing for a looming hit to US corporate profits and pressure on inflation if President Donald Trump makes good on his tariff threats, with markets seen as not fully factoring in risks from higher levies on foreign imports.President Donald Trump is vowing to...