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

Market needs immediate actions, not endless debates: Experts

There is a notable overlap between terms of references (ToRs) set for two separate reform committees of the country's capital market, posing a question as to whose recommendations will get priority during enforcement. Also, there are too many ToRs to address by the taskforce formed by the Bangladesh Securities and...

How does BRAC Bank achieve outstanding deposit growth?

BRAC Bank PLC has achieved impressive deposit growth, recording a 35 per cent compound annual growth rate over the past three years-significantly outperforming the industry average of 7.5 per cent. Notably, branches contributed 75 per cent of this growth, said Sheikh Mohammad Ashfaque, deputy managing director (DMD) and head of...

Walton Hi-Tech’s profit down over 7pc on higher borrowing cost

Despite higher sales, Walton Hi-Tech Industries' profit dropped 7.10 per cent year-on-year to Tk 3.92 billion in the third quarter of FY25, thanks to higher finance costs.The electronic and home appliance giant's earnings per share came down to Tk 12.94 for January-March this year from Tk 13.93 for the same...

Runner Automobiles rebounds in Q3 on higher sales of three wheelers

Runner Automobiles made a turnaround in the January-March quarter this year after suffering a huge loss in the same quarter last year, driven by robust sales growth, particularly in the three-wheeler segment.The country's pioneering motorcycle manufacturer reported a consolidated profit of Tk 68.32 million in January-March, against losses worth Tk...

IMF-WB meetings end with little tariff clarity

WASHINGTON, Apr 27 (Reuters): Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump's multi-layered tariff assault and on just how much pain it will bring to the world economy.Most headed home with more questions than...

Trust Bank to set up ATM booths at Metro Rail stations

An agreement has been signed between Trust Bank PLC and Dhaka Mass Transit Company Limited (DMTCL) for setting up Trust Bank PLC's Automated Teller Machine (ATM)/Cash Recycler Machine (CRM) at 16 Metro Rail stations of MRT Line-6. Ahsan Zaman Chowdhury, Managing Director & CEO, Trust Bank PLC, and A K...

ICSB webinar on 'Chartered Secretary Profession-Opportunities, Challenges'

Institute of Chartered Secretaries of Bangladesh (ICSB) has organised a Webinar titled "Chartered Secretary Profession-Opportunities and Challenges" on Saturday, says a statement.M Nurul Alam, Acting President of ICSB, delivered the welcome speech and chaired the webinar. Mohammad Iqbal Chowdhury, Director & Chief Executive Officer of Lafargeholcim Bangladesh PLC, presented the...

Islami Bank holds Shari'ah Supervisory Committee meeting ----

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held at Islami Bank Tower in Dhaka on Sunday. Prof Dr. Abu Bakr Rafique, vice chairman of the committee, presided over the meeting. Md. Omar Faruk Khan, managing director (current charge), and Prof. Dr. Mohammad Abdus Samad,...

Union Bank holds 30th Meeting of the newly formed Board

The 30th Board Meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Sunday. Chairman of the Board of the Directors of the bank Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management...

Toyota Motors considers investing in potential $42b buyout of key supplier

TOKYO, Apr 27 (Reuters): Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries - a buyout that reportedly could cost $42 billion."We are currently exploring various possibilities, including partial investment," the automaker said in a filing with the Tokyo...

Egypt's annual unemployment rate down to 6.6pc

RIYADH, Apr 27 (Arab News): Egypt's unemployment rate declined to 6.6 per cent in 2024, down 0.4 per cent from the previous year, driven by lower joblessness across both urban and rural areas and by growth in sectors such as agriculture, retail, and construction, official data shows. The Central Agency...