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

Best Holdings reports profit plunge, blames it on political instability

Best Holdings, which has been falling on the Dhaka bourse since listing, experienced a further decline in profit in October-December (Q2) of FY25.Its consolidated profit plunged 97 per cent year-on-year in Q2 of FY25. The profit had slumped at the same rate in the first quarter through September last year...

MJL Bangladesh earns 37pc more in Q2, on higher revenue, cost cuts

Listed Lubricant seller MJL Bangladesh showed a 36.62 per cent year-on-year rise in profit to Tk 1.04 billion in the second quarter through December of FY25, supported by higher revenue and a reduction in costs. During the time, revenue grew 20.63 per cent year-on-year to Tk 12.01 billion. The earnings...

Sonali Bank signs deal with Govt Primary School Teachers Welfare Trust

Sonali Bank PLC signed an agreement with Government Primary School Teachers Welfare Trust (GPSTWT) to collect all types of charges-fees through the Sonali Payment Gateway, says a press release. The signing ceremony was held at the Directorate of Primary Education conference room in the city on Thursday. Adviser of Ministry...

MUTUAL TRUST BANK INKS DEAL WITH DEWAN FASHION WEARS LTD.

Mutual Trust Bank (MTB) recently signed an agreement with Dewan Fashion Wears Ltd. for providing payroll banking service to its employees. Managing Director and Chief Executive Officer Syed Mahbubur Rahman; and Managing Director of Dewan Fashion Wear Ltd Md. Kabir Hossain were among the officials seen exchanging the documents at...

SOUTHEAST BANK LAUNCHES VISA SIGNATURE CREDIT CARD

Southeast Bank officially launched its 'Premium Visa Signature' credit card designed to offer exclusive privileges to high-net-worth individuals, corporate professionals, and frequent travelers in Bangladesh. The launching event took place at the bank's head office in the capital, with distinguished guests from the bank and Visa in attendance, including the...

PRIME BANK SIGNS CASH MANAGEMENT AGREEMENT WITH DABUR BANGLADESH

Prime Bank recently signed an agreement with Dabur Bangladesh Private Ltd. to provide a comprehensive cash management solution. Under this agreement, Dabur will avail of PrimePay to initiate all types of domestic disbursements and will also utilise bank's countrywide branch network to manage their sales collection coupled with a robust...

SHAHJALAL ISLAMI BANK ORGANISES 'ANNUAL BUSINESS CONFERENCE-2025'

Shahjalal Islami Bank organised its 'Annual Business Conference-2025' on Thursday at Ocean Paradise Hotel and Resort in Cox's Bazar. The Conference was presided over by the bank's Managing Director Mr. Mosleh Uddin Ahmed, while the Chairman of the board of directors of the bank A. K. Azad was present as...

Union Bank holds board meet-

The 17th board meeting of newly-formed board of directors of Union Bank PLC was held at the bank's head office in the city on Thursday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of the Risk Management Committee Md Humayun Kabir, Chairman of the Audit Committee...

Tesla shares rise on plans for cheaper EVs, autonomous vehicle

Tesla shares rose about 3 per cent before the bell on Thursday as plans to roll out cheaper electric vehicles and paid autonomous car services by the automaker that missed Wall expectations for fourth quarter lifted investor sentiment, reports Reuters.With annual deliveries dropping for the first time last year, pressure...

Asian markets diverge in thin trade, with AI impact in focus

HONG KONG, Jan 30 (AFP): Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene.With most markets closed for the Lunar New Year break, there was little...

Microsoft reports 10pc quarterly profit growth

WASHINGTON, Jan 30 (AP): Microsoft said Wednesday that its profit for the October-December quarter grew 10 per cent as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.But while its overall profits and revenue beat Wall Street expectations, it slightly...