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

Sonali Paper rebounds in Q2 on higher revenue, lower finance cost

Sonali Paper & Board Mills returned to profit in the second quarter (Q2) through December 2024 of the current fiscal year, supported by higher revenue and a reduction in finance costs.The paper manufacturing company earned a profit of Tk 122.6 million in October-December last year, whereas it suffered a loss...

CA urges SCB global CEO to highlight BD’s potential

Chief Adviser Professor Muhammad Yunus on Monday called upon the Standard Chartered Bank (SCB) global CEO to speak on behalf of Bangladesh, highlighting the reforms being undertaken by the interim government since August.Bangladesh has been a victim of a massive disinformation campaign in recent months, Professor Yunus said and sought...

Jamuna oil's income surges on higher non-operating income

Jamuna oil showed a 16.72 per cent year-on-year surge in profit to Tk 1.4 billion in its second quarter of FY25 as its interest income escalated. Earnings per share rose to Tk 12.68 in the second quarter of FY25 from Tk 10.86 in the same period the year before. Jamuna...

BRAC Bank, Grameen Healthcare to provide eye care to the poor

BRAC Bank partnered with Grameen Healthcare Services Limited to provide free eye care and screening to over 42,000 underprivileged people in Bogura and Thakurgaon, according to a statement.BRAC Bank Managing Director and CEO Selim RF Hussain and Grameen Healthcare Managing Director Shamsul Haque Ahmed signed the partnership agreement at Grameen...

Three more cos relegated to junk status

Stock exchanges have downgraded three more companies to the status of junk stock over their failure to complete the distribution of approved dividends within the stipulated time.Both the Dhaka and Chittagong stock exchanges on Monday informed investors through their websites that ACME Pesticides, SK Trims, Alif Manufacturing Company, and Advent...

Mostafa Quamrus Sobhan new chair of Rupali Insurance

The board of directors of Rupali Insurance Company Limited has elected Mostafa Quamrus Sobhan as its new chairman.The announcement was made at the 212th board meeting of the company, following the demise of former chairman Mostafa Golam Quddus, said a press release.Mostafa Quamrus Sobhan, also the managing director of Dragon...

EBL TO MANAGE TOLL COLLECTION OF CHATTOGRAM ELEVATED EXPRESSWAY

Eastern Bank (EBL) will manage toll collection and deposit of Shaheed Wasim Akram Flyover (Chattogram Elevated Expressway) in Chattogram. Chattogram Development Authority (CDA) Chairman Engineer Md Nurul Karim and EBL Managing Director and CEO Ali Reza Iftekhar signed an agreement to this effect at Hotel Agrabad, Chattogram on Monday. Project...

Canada seeks FIPA deal to boost trade ties

Canada welcomes its engagement with Bangladesh to continue technical discussions towards a Foreign Investment Promotion and Protection Agreement (FIPA) to expand trade and investment ties between the two countries.Ahmed Hussen, Minister for International Development of Canada, expressed such when he called on Chief Adviser Professor Muhammad Yunus at the Chief...

Convocation of IUBAT

Syeda Rizwana Hasan, Adviser to the Ministry of Environment, Forest and Climate Change, speaks at the convocation of the International University of Business Agriculture and Technology (IUBAT) at the BICC, Sher-e- Bangla Nagar, in the capital on Monday.

JANATA BANK CHAIRMAN VISITS SAPTAPADI MARKET BRANCH IN BOGURA

Chairman of Janata Bank PLC Mohammad Fazlur Rahman visited the bank's Saptapadi Market Branch on Sunday. Bagura Area Deputy General Manager Md Nazrul Islam and other officials along with local elite and clients were present during his visit.

World, tech leaders grapple with AI challenges at Paris summit

PARIS, Feb 10 (AFP): Political and tech industry leaders descended on Paris Monday for a two-day summit on artificial intelligence, hoping to find common ground on the revolutionary technology set to remake business and society across the world.Co-hosted by French President Emmanuel Macron and Indian Prime Minister Narendra Modi, the...

Nokia CEO Lundmark to be replaced by Intel AI chief Hotard

HELSINKI, Feb 10 (AFP): Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.Lundmark, who has served as Nokia's CEO since 2020, will leave his position on...