BB posts net profit of Tk 22,600cr in FY25
Bangladesh Bank recorded a net profit of Tk 22,600 crore in the fiscal year 2024鈥�25, largely boosted by higher returns from foreign currency investments and lending to the banks...
Tags : Investments
Phoenix Finance holds 30th AGM
Phoenix Finance and Investments Limited has held its 30th annual general meeting through hybrid system, said a press release...
German industry alliance lays out domestic investment push
More than 60 German companies said Monday they would fund new domestic investments worth at least 100 billion euros ($117 billion) each as Chancellor Friedrich Merz seeks to revive Europe鈥檚 largest economy...
AIBPLC hosts training on defaulted investments recovery
Al-Arafah Islami Bank PLC recently hosted a daylong training workshop on recovering defaulted investments through application of Artho Rin Adalat Ain, 2003, NI Act, 1881 and other relevant laws, said a press release...
Undisclosed money legalisation continues for real estate investments
The interim government has retained the opportunity to invest undisclosed money in real estate sector, particularly through the purchase or construction of apartments and buildings albeit with a sharp increase in associated tax rates...
Foreign investments in stock market dip by 20pc
Foreign investment in Bangladesh鈥檚 capital market plunged by 20 per cent in 2024, marking a sharp and prolonged retreat as investor confidence continued to erode amid deep structural flaws...
Businesses warn gas price hike to discourage investments
Manufacturers in the country鈥檚 different sectors have warned that the hike in the prices of gas for new industrial and captive connections and for existing industrial connections in case of additional use would discourage new investments...
Investments of Norway sovereign fund hit 8-year low
Norway鈥檚 sovereign wealth fund, the world鈥檚 largest fund, saw its investments in the Bangladesh capital market drop to an eight-year low in 2024, declining by 5.73 per cent to $141.93 million from $150.56 million in 2023, according to data from Norges Bank Investment Management...
Mamunur Rashid becomes MD of Phoenix Finance
Md Mamunur Rashid Molla has joined Phoenix Finance and Investments Limited as managing director, said a press release...
Dhaka Stocks rebound on sector-specific investments
Dhaka鈥檚 stock market saw a rise in its indices in the past week after a decline in the previous week, as some investors showed interest in specific sectors, encouraged by better-than-expected earnings reports from several companies...
Inflation, investment stagnation remain as concerns: Mintoo
Former Federation of Bangladesh Chamber of Commerce and Industry president Abdul Awal Mintoo on Monday cautioned that high inflation was likely to persist, and investments in Bangladesh could stagnate in the coming years...
Bangladesh鈥檚 outward FDI $81m in FY24, 39pc went to India: BB
India received about 39 per cent of the total outward foreign direct investments by Bangladeshi firms in the 2023-24 financial year...
Experts urge for legal framework to boost tech-driven investments
Experts on Monday called for enabling legal framework and enforcement practices in relation to data protection and intellectual property rights to foster technology-driven investments...
Govt to formulate national maritime port strategy
Shipping adviser Brigadier General (retired) M Sakhawat Hussain on Wednesday said that the government would formulate 鈥楴ational Maritime Port Strategy or NMPS鈥� for an effective and sustainable port management to attract more domestic and foreign investments...
US firms brace for more tariffs as election nears
From holding back investments to considering moving abroad, businesses in the United States are bracing for more economic turbulence as the presidential campaign kicks into high gear 鈥� with fresh tariffs rolled out and promises of more...
Tax regime reform, long-term policies needed to drive growth
Business leaders on Monday said that structural changes in the revenue sector and predictable long-term policies were imperative to ensure both local and foreign investments as well as to drive economic growth for addressing the ongoing economic challenges in the country...
Sourcing foreign currencies
THE much-talked-about draft Offshore Banking Act 2024 was placed in parliament and finally promulgated by the government on March 14, 2024. This act aims to boost our foreign currency reserves and attract more foreign investments from foreign firms registered abroad...