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

Apex Footwear gains 33pc higher profit in Q2, on rise in exports, cost cut

Apex Footwear experienced a significant year-on-year growth in profit in the first six months (H1) and the second quarter of FY25, riding on increased revenue earnings.Its other income and operating efficiency also facilitated the profit growth.The country's leading shoemaker and exporter has reported a 33 per cent year-on-year growth in...

eLAP emerges as big enabler of small, medium businesses

Electronic Loan Application Proposal (eLAP) emerges as a high-yielding digital intervention that helps BRAC Bank expand its SME (small and medium enterprises) business faster in a sluggish business climate.The digitised loan processing system is not only assisting the country's largest SME-concentrated commercial lender to save time but also cutting operatiing...

Eastern Housing's profit up 19pc in Q2, with zero finance cost

Eastern Housing secured a 19.25 per cent year-on-year profit growth in the second quarter through December of FY25 as it got rid of borrowing costs the year before. In the second quarter of FY25, it earned Tk 229.88 million, resulting in earnings per share of Tk 2.46 for the period....

Abdul Aziz joins EXIM Bank as AMD

Abdul Aziz (Zumma) recently joined EXIM Bank as additional managing director. Before joining the bank, he held the same position at Shahjalal Islami Bank, according to a statement.Abdul Aziz began his professional journey as an officer at NCC Bank in 1986. He later joined First Security Islami Bank as assistant...

BEPZA attracted 29pc of FDI in FY24

Bangladesh Export Processing Zone Authority (BEPZA) has contributed 29 per cent of total Foreign Direct Investment (FDI) of the country in the fiscal year 2023-24, reports UNB.BEPZA Executive Chairman Major General Abdul Kalam Mohammad Ziaur Rahman revealed this figure at a press conference at the BEPZA Complex in the capital...

Thai Airways opens new Dhaka Town Office

Thai Airways marked a milestone with the inauguration of its new Dhaka Town Office to explore more market potentials in Bangladesh, reports BSS. Thai Ambassador to Bangladesh Makawadee Sumitmor inaugurated the office, located at the Gulshan avenue in the capital on Monday. The event was also attended by Wit Kitchathorn,...

MTB TO PROVIDE CASH MANAGEMENT SERVICES TO IFAD MOTORS

Mutual Trust Bank (MTB) inked a deal with IFAD Motors Limited, the authorised distributor and manufacturer of Royal Enfield motorcycles in Bangladesh, to provide it with the bank's state-of-the-art cash management solution. MTB's comprehensive digital cash management platform integrates payment, collection, and reconciliation services into an efficient and unified system.

NCC BANK HOSTS 'ANNUAL BUSINESS CONFERENCE-2025'

NCC Bank PLC hosted its two-day 'Annual Business Conference-2025' at a resort in Habiganj, Sylhet, recently. The primary focus of this gathering was to enhance the bank's business by delivering exemplary customer service. Chairman of the bank Md Nurun Newaz Salim inaugurated the conference as the chief guest while Managing...

SOUTHEAST BANK SIGNS PARTNERSHIP DEAL WITH VISA

Southeast Bank recently entered into a strategic partnership with Visa, aiming to deliver seamless digital payment services to its Visa cardholders. The agreement will also help the bank execute marketing campaigns and implement digital payment technologies. The partnership is expected to make transactions of customers more secure, efficient, and user-friendly.

Most Gulf markets in red amid US trade worries; Saudi gains

Most major stock markets in the Gulf were subdued on Monday due to uncertainty surrounding US trade policy, although the Saudi Arabian bourse bucked the trend, rising on strong gains from real estate companies, reports Reuters.US President Donald Trump reaffirmed his commitment to enforcing tariffs, with a recent dispute with...

TRUST BANK RECEIVES REMITTANCE AWARD

Trust Bank PLC won the 'Top Ten Remittance Award 2025' at the World Conference Series 2025 themed 'Branding Bangladesh' organised by the Centre for NRB in Dhaka recently. Foreign Affairs Adviser Md Touhid Hossain was present as the chief guest while MS Shekil Chowdhury, chairperson of Centre for NRB, presided...

ISLAMIC FINANCE AND INVESTMENT HOLDS MANAGERS' CONFERENCE

Islamic Finance and Investment PLC (IFIPLC) held the 1st Managers' Conference for the year 2025 at its Head Office in Dhaka on Saturday. Chairman of the company Dr Abul Quasem Haider was present as the chief guest while Vice Chairman Mostanser Billa and Independent Director Irteza Reza Chowdhury were present...

BCSIR holds stakeholder workshop

Bangladesh Council of Scientific and Industrial Research (BCSIR) held a stakeholder workshop titled 'BTRI's Role in Biomedical Research for Improving the Quality of Health Services-2025' at the IFST Auditorium of BCSIR on Monday. BCSIR Chairman Dr. Samina Ahmed was present as the chief guest and the special guests were Member...

SQUARE TOILETRIES HOSTS FAMILY SPORTS DAY 2025

Square Toiletries Limited hosted its Family Sports Day 2025 at Samara village in Sonargaon, Narayanganj, on Friday last, uniting officers and families from the Rupsi Plant, Adhuria Depot, and Dhaka Office. With around 1,550 participants, the event featured a day of sports and festivities. The programme began with the ceremonial...

Meta to invest up to $65b in AI projects in 2025

LOUISIANA, Jan 27 (AP): Meta Platforms, led by CEO Mark Zuckerberg, is planning a substantial investment of up to $65 billion (£559,051 crore) in artificial intelligence initiatives for 2025.The funds will primarily be directed towards building a massive new data centre and expanding the company's AI workforce, Zuckerberg revealed in...