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

Beacon Pharma delivers robust FY25 results on booming cancer drug sales

Beacon Pharmaceuticals posted an impressive 81 per cent year-on-year profit growth to Tk 947 million in FY25, driven by record sales and higher income from investment.The company's expanded distribution network also played a role in achieving the 17 per cent year-on-year revenue growth to Tk 12.54 billion in the year,...

Singer sees escalation of Q3 losses on higher finance costs

Singer Bangladesh's loss escalated 160 per cent year-on-year to Tk 480 million in the third quarter through September this year despite higher sales, due to a significant increase in finance costs.The multinational electronics and home appliance manufacturer has reported negative earnings of Tk 4.81 per share in the July-September quarter,...

AFWA calls for 'transparent probe' into latest Mirpur, Ctg factory fires

Asia Floor Wage Alliance (AFWA) has called for a transparent public investigation into both fires -- Mirpur and Chattogram factories with full disclosure of factory ownership and sourcing brands.Expressing its solidarity with victims and their families, the AFWA, a global coalition of labor and social alliance dedicated to achieving living...

Summit Power profit nosedives 88pc on plant shutdowns, impairment loss

Summit Power reported a whopping 88 per cent year-on-year decline in profit to Tk 0.41 billion in FY25 due to the shutdown of nearly half of its plants and an impairment loss of Tk 1.52 billion shown in its financial statements.As the government has shifted its power policy towards renewable...

Abdul Awal Mintoo awarded as top agri-food pioneer by World Food Prize

The World Food Prize Foundation has receognised Abdul Awal Mintoo, the founder of Lal Teer Seed Ltd, Lal Teer Livestock Development (BD) Ltd, and chairman of the board of directors of National Bank, as the top agri-food pioneer (TAP) 2025. This prestigious recognition, coinciding with the foundation's 39th anniversary, celebrates...

Freeze 38 bank accounts of Islami Bank ex-chairman: Court

A court on Thursday ordered to freeze 38 bank accounts of Md Obayed Ullah Al Masud, former chairman of Islami Bank Bangladesh PLC over graft allegations, reports BSS.Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the order, allowing a plea of the Anti-Corruption Commission (ACC).According to the ACC plea,...

Eight Pacific Jeans factories resume operations in CEPZ

CHATTOGRAM, Oct 23 (BSS): Eight factories of Pacific Jeans in the Chattogram Export Processing Zone (CEPZ) resumed operations on Thursday.Nearly 40,000 workers, along with over 4,000 staff and officials, returned to work peacefully this morning, said Chattogram Industrial Police Superintendent Abdullah Al Mahmud. Law enforcement agencies are maintaining regular surveillance...

Bangladesh Railway sets sights on new locomotives to revamp services

The government is taking steps to purchase a new fleet of modern locomotives to make Bangladesh's rail services more efficient and profitable, said Sheikh Moinuddin, Special Assistant to the Chief Adviser on Road Transport, Bridges and Railways, reports UNB. "We expect to complete the tender process within a month," he...

BRAC BANK TO OFFER CUSTOMISED EMPLOYEE BANKING SERVICES TO EAST WEST UNIVERSITY

BRAC Bank has signed an agreement with East West University (EWU) to provide customised employee banking services. Under this collaboration, the employees of EWU will enjoy a seamless banking experience through salary accounts, multi-currency debit cards, credit cards, loan facilities, deposit pension schemes, fixed deposits, and a host of exclusive...

MODHUMOTI BANK LAUNCHES SUB-BRANCH OPERATIONS

Modhumoti Bank (MMB) has officially launched its sub-branch operations to make banking services more accessible and closer to customers' doorsteps. The initiative commenced on Thursday with the inauguration of two new sub-branches in Banasree and Uttara Sector-12 in the capital. The sub-branches were inaugurated by the chief guest of the...

ISLAMI BANK, MASTERCARD LAUNCH DIGITAL PAYMENT ECOSYSTEM AT CU

Islami Bank Bangladesh in collaboration with Mastercard inaugurated fully cashless services at Chattogram University (CU) under Bangladesh Bank's "Cashless Bangladesh" initiative. The transformation will enable teachers, students and visitors to conduct cashless transactions around the campus. Professor Dr. Muhammad Yeahia Akther, vice chancellor of Chittagong University, was present as the...

JANATA BANK FOUNDATION COURSE FOR OFFICERS -

Janata Bank Staff College, Dhaka organised a 25-day 'Foundation Course for Officers' (Batch 13/2025). Managing Director of Janata Bank Md Mazibur Rahman inaugurated the course recently. Some 50 officers of the bank are taking part in the course.

COMMUNITY BANK BANGLADESH HOLDS ITS 69TH BOARD MEETING

The 69th Board Meeting of Community Bank Bangladesh PLC was held at thePolice Headquarters on Wednesday. The meeting was chaired by Baharul Alam, Inspector General of Police, Bangladesh and Chairman of Community Bank. The meeting made important decisions related to investment proposals. Kimiwa Saddat, Managing Director (Current Charge) of the...

STARLINK TEAM VISITS HEAD OFFICE OF GLOBAL BRAND

A Starlink team visited the head office of Global Brand PLC, the country's largest IT distributor company, recently as part of its business expansion efforts. Team members Oshan Weerasinghe, Brian Shin and Natalie Ryder held a meeting with Chairman of Global Brand Abdul Fattah, Marketing Head Selim Badal, and several...

BSOAB HAIR & BEAUTY CARNIVAL HELD

Beauty Service Owners Association of Bangladesh organised a grand event titled 'Revive Presents BSOAB Hair & Beauty Carnival 2025' at a hotel in Dhaka recently. The carnival celebrated beauty and creativity with participation of beauty experts and women entrepreneurs. A panel discussion on 'Use of local cosmetics and toiletries in...