Robi Axiata secured a record profit of Tk 9.37 billion in 2025, riding on the lower impact of currency devaluation and reduced operating expenses amid a challenging business environment.The second-largest telecom operator's profit jumped more than 33 per cent year-on-year despite a marginal 1 per cent revenue growth to Tk...
Read moreSAJIDA Foundation has planned to issue Bangladesh's first domestic Orange Bond worth Tk 2 billion (about $16.4 million), aiming to "support women-focused and inclusive development enterprises", according to a press release.The bond proceeds will be channeled into SAJIDA Foundation's core sectors, including livelihoods, health, housing, and financial inclusion.It is expected...
Read moreThe chairman of Olympic Industries is set to acquire more than five per cent of the company's shares from the market.According to a disclosure on Thursday, Aziz Mohammad Bhai plans to purchase 10 million shares from the block market at the prevailing market price, amounting to nearly Tk 1.553 billion.The...
Read moreMajor Gulf stock markets retreated in early trade on Thursday as investors assessed efforts by the US and Iran to de-escalate tensions through talks over Tehran's nuclear programme, even as both sides stepped up military activity in the region, reports Reuters.The White House said on Wednesday that this week's Geneva...
Read moreAl-Arafah Islami Bank has launched "Ramadan Remittance Campaign - 2026" to encourage and honour its expatriate remittance clients on the occasion of Ramadan. Under this campaign, remittance customers will have the opportunity to win attractive prizes including motorcycle, laptop, refrigerator and smartphone. The campaign will be conducted at all branches,...
Read moreEastern Bank (EBL) has partnered with Bangladesh Thalassemia Foundation to strengthen healthcare support for underprivileged patients suffering from thalassemia. To support the foundation's activities, Ziaul Karim, head of Communications and External Affairs at EBL, recently handed over a cheque to Professor Dr. Syeda Masooma Rahman, vice-chairman of the Foundation, at...
Read moreStarbucks faced fresh pressure on Wednesday from a coalition of investors including public-sector pension funds that urged shareholders to vote against the reelection of two directors, citing persistent failure to manage labor relations, reports Reuters.The move against Starbucks' lead independent director, Jorgen Vig Knudstorp, and Beth Ford, chair of the...
Read moreThe 913th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC was held at the bank's Corporate Head Office in Dhaka on Wednesday. The meeting was presided over by Md Sanaullah Shahid, Chairman of the Executive Committee. The members of the committee discussed various issues related to investment...
Read moreBata Bangladesh and Universal Medical College Hospital entered into a bilateral corporate healthcare agreement on Wednesday. The agreement was signed by Malik Mehedi Kabir, Human Resources Director, on behalf of Bata Managing Director Debabrata Mukherjee, and Nita Chakraborty, Head of Corporate Affairs, on behalf of the hospital's Managing Director Dr....
Read moreHONG KONG, Feb 19 (AFP): Tech firms led gains across Asian equities Thursday following a positive lead from Wall Street, where traders also welcomed strong US data that suggested the world's top economy remained in rude health.The advances came even as the figures tempered expectations for more interest rate cuts...
Read moreIndian stock benchmarks logged their biggest daily losses in more than two weeks on Thursday as escalating US-Iran tensions pushed crude prices higher and dampened sentiment in the world's third-largest oil importer, reports Reuters.The Nifty 50 fell 1.41 per cent to 25,454.35 and the BSE Sensex shed 1.48 per cent...
Read moreTOKYO, Feb 19 (Reuters): An expected rise in Japan's short-term interest rate to 1 per cent may trigger a significant reallocation of cash into deposits that could complicate the Bank of Japan's monetary policy implementation, a leading economist told Reuters on Thursday.The Bank of Japan exited a decade-long, massive stimulus...
Read moreIndex provider FTSE Russell on Wednesday proposed introducing a "fast-entry" mechanism for initial public offerings and revising eligibility requirements for its Russell US Equity Indexes ahead of several large listings, reports Reuters.The year is shaping up to be one of the busiest for new listings, with major offerings in the...
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