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

Walton's profit surges 12pc in Q2, on higher revenue, lower finance cost

Local tech giant Walton Hi-Tech Industries secured a 12.4 per cent year-on-year growth in profit in the second quarter through December to Tk 1.55 billion as its revenue increased but finance cost fell. The earnings per share rose to Tk 5.13 in October-December last year from Tk 4.56 in the...

Marico's profit soars 27pc on higher revenue, finance income

Multinational company Marico Bangladesh registered a 27 per cent year-on-year growth in profit in the third quarter through December last year, driven by increased revenue and finance income. The company's income grew almost at the same pace in the nine months through December last year, compared to the same period...

SOUTHEAST BANK TRAINING INSTITUTE ORGANISES WORKSHOP

Southeast Bank Training Institute on Monday organised a day-long workshop on 'Money and Banking Data (SBS-1, SBS-2, and SBS-3) Reporting and Recent Changes'. The primary objective of the workshop was to improve the professional knowledge of bank officials while emphasising the importance, process, and recent changes in security by security...

Singer in the red in 2024, first time in 6 years

Despite a growth in revenue and gross profits, Singer Bangladesh endured a loss of Tk 489 million in 2024 for the first time in six years. Apart from higher finance costs and forex loss, the rise in operating expenses and costs of sales contributed to the annual loss. The company...

Padma Oil's cost cuts drive profit up over 74pc in Q2

State-owned oil distributor Padma Oil secured a 74.52 per cent year-on-year growth in profit to Tk 1.25 billion in the second quarter of FY25.This staggering profit growth was due to a more-than-nine-fold increase in operating income and a more than 50 per cent increase in non operating income in the...

DBCCI holds 23rd and 24th AGMs

The 23rd and 24th Annual General Meetings (AGMs) of the Dutch-Bangla Chamber of Commerce & Industry (DBCCI) was held on Monday at a city hotel, says a statement.The outgoing DBCCI President, Md Anwar Shawkat Afser, who presided over the meeting, gave a briefing on various activities taken by the Chamber...

Workshop for women entrepreneurs

IPDC Finance PLC's flagship women's empowerment initiative, Joyee, organised an upskill training programme and workshop for women entrepreneurs in Rajshahi recently. Titled "Training on Financial Literacy & Capacity Building - An Initiative of Joyee 360," the program is designed to equip women entrepreneurs with essential skills and knowledge to drive...

Mongla Port to be developed as connectivity and trade hub

Mongla Port, the country's second-largest seaport, will be transformed into a hub for international connectivity and trade, said Shipping Adviser Brig Gen (retd.) Dr. M. Sakhawat Hossain.He said this at a meeting with a delegation from Abu Dhabi Ports Group of the United Arab Emirates (UAE) at the Secretariat on...

40 BD firms set to take part in 'Ambiente 2025'

A total of 40 Bangladeshi firms are set to take part in a five-day trade show, 'Ambiente 2025', scheduled for February 7 to 11 at Frankfurt am Main in Germany, reports BSS.Over 3,694 exhibitors from 81 countries are expected to participate in the fair.Artisan Ceramics, Protik Ceramics, and Paragon are...

GP, itel launch co-branded smartphone

Mobile phone operator Grameenphone, in collaboration with handset brand itel, has launched co-branded smartphone, reports BSS. This move aimed at catering more connectivity of people as it has designed considering affordability, said a press release on Tuesday.Yasir Azman, chief executive officer of Grameenphone, said this initiative marks a significant step...

StanChart and Friendship boost productivity for char farmers

Standard Chartered Bangladesh, in partnership with Friendship, has successfully completed the second phase of their agricultural development initiative, aimed at empowering char-based communities with essential farm-to-market support.This collaboration has transformed the lives of around 10,000 climate-affected farmers across 36 chars, enabling them to increase agricultural output, rise above poverty, adopt...

FIRST SECURITY ISLAMI BANK HOLDS 286TH BOARD MEETING

The 286th meeting of Board of Directors of First Security Islami Bank PLC was held on Sunday at FSIB Head Office in Dhaka, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. Md Azizur Rahman, Vice Chairman; Md Abdul Quddus, Chairman of Executive Committee; Prof Md Saiful Alam,...

ISLAMI BANK HOLDS SHARI'AH SUPERVISORY COMMITTEE MEETING ---

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Tuesday at Islami Bank Tower in Dhaka. Mufti Sayeed Ahmad, chairman of the committee, presided over the meeting. Mohammed Monirul Moula, managing director of the bank, and Prof. Dr. Mohammad Abdus Samad, member secretary of...

AL-ARAFAH ISLAMI BANK HOLDS 414TH BOARD MEETING

The 414th Board meeting of Al-Arafah Islami Bank PLC was held on Tuesday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. 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...

KARNAPHULI INSURANCE CO HOLDS 'ANNUAL CONFERENCE-2025'

Karnaphuli Insurance Company Ltd held its 'Annual Conference-2025' in Dhaka recently. Chairman of the company Nizam Uddin Ahmed was present as the chief guest and Vice Chairman Nasir Uddin Ahmed as a special guest. Chief Executive Officer ANM Fazlul Karim Munshi presided over the event.