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

Bangladesh faces steeper market losses than neighbours. Experts say it's not justified

The main market in Bangladesh witnessed rapid erosion of stocks than in Pakistan and India on Wednesday over fear of possible spill-over impacts of further escalation of the conflict between the two countries. Investors in Bangladesh seem to have gone into a panic, having learnt that India struck nine sites...

Reckitt Benckiser's profit rises marginally on revenue growth

Reckitt Benckiser (Bangladesh) posted a marginal 1.1 percent year-on-year increase in profit to Tk 153.35 million for the first quarter of 2025, supported by an 11.05 percent year-on-year growth in revenue.The earnings per share (EPS) of the multinational producer of toiletries and pharmaceutical products rose to Tk 32.45 for the...

Raoshan Kabir new GM of Biman Bangladesh Airlines

A B M Raoshan Kabir recently took charge as General Manager (GM) of the Public Relations Division of Biman Bangladesh Airlines, says a press release.On May 06, he joined the current workplace. He succeeded Bosra Islam, former General Manager of Public Relations of the Airlines. Earlier, Kabir was a general...

Experts urge strategic partnership to boost Korean investment

Speakers at a seminar on Wednesday stressed the importance of establishing a strategic partnership to facilitate Korean investment in Bangladesh.They identified a number of sectors, including infrastructure development, logistics, electronics, ICT, digital services, renewable energy and textiles, as potential areas for Korean investment.They also called for necessary reforms, especially in...

Mastercard, MTB provide Business Credit Card Solution for Renata

Mastercard, in partnership with Mutual Trust Bank PLC (MTB), has provided Business Credit Card Solution for Renata PLC. Through this card, Renata can manage its business expenses efficiently and effectively. The ceremony was attended by Syed Mahbubur Rahman, Managing Director & CEO, Mutual Trust Bank PLC; Syed Kaiser Kabir, Managing...

MERCANTILE BANK SIGNS MOU WITH BANGLADESH BANK

A memorandum of understanding (MoU) was signed between Bangladesh Bank and Metcantile Bank recently towards implementing an entrepreneurship development programme under the Skills for Industry Competitiveness and Innovative Program (SICIP). Nurun Nahar, deputy governor, Bangladesh Bank, Md. Khasru Parvez, executive director, Bangladesh Bank, and Dr. Md. Zahid Hossain, deputy managing...

PIONEER INSURANCE COMPANY LIMITED HOLDS 29TH AGM

The 29th annual general meeting (AGM) of Pioneer Insurance Company Limited was held virtually on Tuesday. Zakir Ahmed Khan, independent director of the company, presided over the meeting in the absence of Syed Nasim Manzur, chairman of the company. Directors Tapan Chowdhury, Alamgir Shamsul Alamin, Sylvana Sikder, Fahama Khan, M.A....

BANK ASIA SIGNS MOU WITH BANGLADESH BANK

Bank Asia signed a memorandum of understanding (MoU) with Bangladesh Bank to implement an entrepreneurship development programme titled Skills for Industry Competitiveness and Innovation Program (SICIP). Nurun Nahar, deputy governor of Bangladesh Bank, and Sohail R K Hussain, managing director of Bank Asia, attended the MoU signing ceremony at Bangladesh...

Agrani Remit App launched in Malaysia

Agrani Bank PLC has launched 'Agrani Remit App' with the aim of enabling fast, easy, secure, and legal remittance transfers from Malaysia to Bangladesh. Through this app, remittances can be sent to any branch of Agrani Bank, other banks in Bangladesh, as well as bKash and Nagad. The app was...

'3-ply Bashundhara Toilet Tissue' launched

Bashundhara Tissue, a concern of the Bashundhara Group, officially unveiled its latest innovation, '3-ply Bashundhara Toilet Tissue,' at a ceremony held at the Bashundhara Industrial Headquarters (BIHQ) in Dhaka on Wednesday. The newly launched product is designed with three layers for enhanced softness, strength and absorbency. The launching ceremony was...

DURANTA BICYCLE LAUNCHES CAMPAIGN TO PREVENT AIR POLLUTION

'Duranta', the bicycle brand of the country's leading business conglomerate RFL Group, has launched month-long awareness campaign named 'bishbayu' to promote the use of eco-friendly vehicles and help create a pollution-free environment. RN Paul, Managing Director of RFL Group, inaugurated the campaign at a function held at PRAN-RFL Centre in...

BMW expects car tariffs to fall from July in upbeat take on trade war

FRANKFURT/LONDON, May 07 (Reuters): BMW expects US car tariffs to decline from July, based on its contacts with US officials, a more upbeat assessment of the trade situation than many rivals and leading the German luxury automaker to confirm its 2025 outlook.The company warned, however, that tariffs imposed by US...