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

Marico posts record quarterly revenue on strong Parachute sales

Marico has secured double-digit revenue growth year-on-year to Tk 5 billion in the second quarter through September this year, the highest quarterly revenue since its listing on the secondary market.The growth, achieved in an adverse macroeconomic situation, was driven by the company's flagship brand Parachute coconut oil and the launch...

Land sales boost Eastern Housing's Q1 profit by 27pc

Eastern Housing declared a 27 per cent rise in profit to Tk 201.79 million for the first quarter through September of FY26 as revenue from land sales experienced a boost and finance income grew modestly.The company witnessed higher growth in land sales compared to its apartment business in Q1 of...

Runner Automobiles returns to profit in FY25 on strong three-wheeler sales

Runner Automobiles returned to profit in FY25, driven by robust sales growth, particularly in the three-wheeler segment, after enduring losses for two consecutive years.The country's pioneering motorcycle manufacturer reported a consolidated profit of Tk 102 million in FY25 against a loss of Tk 61 million a year earlier."The thriving business...

Abdul Mutaleb appointed as CEO of CDBL

Md. Abdul Mutaleb has been appointed as managing director (MD) and chief executive officer (CEO) of Central Depository Bangladesh Limited (CDBL), effective from October 21.Mr. Mutaleb is a seasoned ICT professional with over 37 years of experience in the financial sector, specialising in depository services, stock market operations, and technology...

IPDC Finance profit jumps 74pc in Jan-Sept on higher investment income

IPDC Finance showed a strong financial recovery in the first nine months of 2025, with profit soaring 73.8 per cent year-on-year to Tk 262 million.The growth was driven by higher investment returns, steady lending income, and cost discipline amid economic headwinds, according to a press release issued on Tuesday."This strong...

UTTARA MOTORS HOLDS DEALERS CONFERENCE

Over 200 authorised Bajaj motorcycle dealers from across the country attended the Annual Dealers Conference 2025 of Uttara Motors Ltd in Cox's Bazar. Uttara Motors is the sole distributor of Bajaj motorcycles in Bangladesh. Matiur Rahman, chairman & managing director of Uttara Group of Companies, presided over the conference. In...

DCCI INKS MOU WITH DSE

A memorandum of understanding (MoU) was signed between Dhaka Chamber of Commerce & Industry (DCCI) and Dhaka Stock Exchange (DSE) on Tuesday at DSE tower. DCCI President Taskeen Ahmed and DSE Chairman Mominul Islam signed the document. According to the cooperation agreement, DCCI and DSE will engage in research, seminars,...

SOUTHEAST BANK LAUNCHES 8 AGENT BANKING OUTLETS

Southeast Bank formally launched eight agent banking outlets - "Shagotom" to facilitate the people outside the formal banking system across the country, especially at the rural and semi-urban areas at Chapainawabganj, Gazipur, Manikganj, Barishal, Rajbari and Tangail. Abidur Rahman Chowdhury, managing director (Current Charge) of Southeast Bank, virtually inaugurated the...

ICB CAPITAL MANAGEMENT LIMITED HOLDS 25TH AGM

The 25th Annual General Meeting (AGM) of ICB Capital Management Limited (ICML), a subsidiary of the Investment Corporation of Bangladesh (ICB), was held at the company's head office in Dhaka on Monday. The meeting was presided over by the Chairman of the ICML Board of Directors, Niranjan Chandra Debnath. Chief...

EASTERN BANK UNVEILS 'SUSTAINABILITY REPORT 2024'

Eastern Bank (EBL) unveiled its Sustainability Report 2024 at a ceremony held at its Dhaka head office on Tuesday. Ali Reza Iftekhar, managing director; Ahmed Shaheen, additional managing director; Masudul Hoque Sardar, chief financial officer; Mouri Rezwana, head of Regulatory Reporting; Mahdiar Rahman, acting chief risk officer; Nafis Ahmed, acting...

BB, MERCANTILE BANK FINISH ENTREPRENEURSHIP DEVELOPMENT PROGRAMME

Mercantile Bank organised the certificate giving and closing ceremony of the month-long Entrepreneurship Development Programme as part of 'Skills for Industry Competitiveness & Innovation Programme (SICIP)' with the supervision of Bangladesh Bank. With the finance of Asian Development Bank and an initiative of the Ministry of Finance, the event was...

Saudi hosts world's business elite with eyes on gigaprojects, AI

RIYADH, Saudi Arabia, Oct 28 (AFP): Saudi Arabia opened a major investment conference featuring heads of state and the global business elite on Tuesday as it seeks support for its sprawling "gigaprojects" and sky-high AI ambitions.Chinese Vice President Han Zheng, joined by several ministers and more than 150 business leaders,...

As Trump-Xi trade talks near, investors turn to history as a guide

NEW YORK/LONDON, Oct 28 (Reuters): Investors are heading into this week's trade talks between the US and Chinese leaders with a sense of deja vu, excited by the proclamations of a truce and apprehensive the real deal may offer far less to celebrate.Stock markets across the world jumped on Monday...