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

Grameenphone posts 2pc Q2 profit rise, to pay out 98pc of H1 earnings

Despite a decline in revenue, the country's leading telecom operator Grameenphone secured a marginal year-on-year growth of 2.07 per cent in profit to Tk 8.79 billion in April-June (Q2) this year.A reduction in income tax expenses mainly helped the company manage the marginal profit growth in Q2 this year.Apart from...

Uttara Bank profit down 59pc amid surge in loan provisions

Uttara Bank experienced a 59 per cent tumble in earnings year-on-year in April-June (Q2) of the calendar year 2025 following a sudden increase in provision requirement. Strict disciplinary measures by the central bank led to increased provisioning in both Q2 and H1 through June this year, company officials said. Preferring...

Prime Bank recognised in 'Sustainability Rating 2024' for 3rd year

Prime Bank has once again been recognised by the Bangladesh Bank in the prestigious 'Sustainability Rating 2024', marking the third consecutive year of this achievement.This continued recognition highlights Prime Bank's strong and consistent commitment to promoting sustainable development and environmental responsibility in Bangladesh's banking sector, according to a press statement.The...

CAAB races to start int'l flights from Cox's Bazar despite major hurdles

Undeterred by infrastructural and administrative challenges, the Civil Aviation Authority of Bangladesh (CAAB) is pressing ahead with its plan to begin overseas flights from Cox's Bazar International Airport by the end of July.Although nearly 40 percent of the airport's expansion work remains incomplete and complications persist over land acquisition, eviction...

IPDC and Mercedes-Benz open EV charging station

In a significant step toward promoting sustainable transportation, IPDC Finance PLC has officially launched the operation of a state-of-the-art Electric Vehicle (EV) charging station at its corporate headquarters in Dhaka. The charging station has been set up by Rancon Motors Ltd., the official distributor of Mercedes-Benz in Bangladesh, as part...

ADB's new operating model offers opportunity to accelerate change

Ambitious reforms introduced through the Asian Development Bank's (ADB) New Operating Model (NOM) show promise in enhancing cross-regional collaboration and country-focused operations, reports BSS.However, clearer communication, streamlined processes, and a more inclusive approach to implementation are essential for the reform to succeed, according to a new evaluation by ADB's Independent...

MERCANTILE BANK INAUGURATES SUB BRANCH IN PATUAKHALI

Mercantile Bank inaugurated Alipur sub branch ('Alipur Uposhakha') in Patuakhali on Thursday to provide easy and tech-savvy banking services to customers. A.S.M. Feroz Alam, sponsor director of the bank, launched the sub branch virtually as the chief guest, while Mati Ul Hasan, managing director of the bank, presided over the...

MODHUMOTI BANK attends BD VS PAK ONLINE TICKET SALE briefing

Modhumoti Bank, official ticket selling sponsor partner for Bangladesh Cricket Board (BCB), attended a press conference that announced online ticket sale for the three-match Bangladesh, Pakistan T20 series, set to start on July 20. The briefing was held at the BCB Media Center of Sher-E-Bangla National Cricket Stadium, Mirpur on...

Al-Arafah Islami Bank holds 432nd Board Meeting

The 432nd Board meeting of Al-Arafah Islami Bank PLC was held on Thursday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were taken at the meeting. Directors of the Bank Md Shahin Ul...

US corporates expected to buoy stock markets with buy backs, says Citadel Securities

LONDON, July 17 (Reuters): Companies in the US are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of US equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy.A corporate repurchase window, when companies can buy their...

US tariffs would eat up German growth

DURBAN, South Africa, July 17 (Reuters): The Bundebank expects growth of 0.7 per cent in Germany in 2026 but this could be eaten up if US tariffs of 30 per cent threatened by President Donald Trump were implemented, the central bank's President Joachim Nagel told Reuters in an interview."If tariffs...

Sustainable Development Conference held in Bangkok

The 11th Sustainable Development Conference (SDC2025) was held in Bangkok, convening a distinguished assembly of international leaders, policymakers, academics, and sustainability experts. Organised by the Tomorrow People Organization, this three-day global event has attracted participants from over 25 countries, all committed to tackling pressing global issues and advancing innovative solutions...

Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy litigation

WILMINGTON, Delaware, July 17 (Reuters): Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users' privacy, a lawyer for the shareholders told a Delaware...

US retail sales beat expectations

WASHINGTON, July 17 (Reuters): US retail sales rebounded more than expected in June, suggesting the economy was regaining momentum and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.The economy's improving fortunes were reinforced by other data from the Labor...