Perfect Care launched Home and Personal Products

GPH Ispat Limited plans to raise Tk 241.9 crore by issuing rights shares to fund a new furnace for its expanded plant. The company will offer 1 rights share for every 3 shares at Tk 15, pending regulatory approval. This decision was made at an extraordinary general meeting, where leaders highlighted the move's significance for future growth.

IDLC Finance PLC posted a 25.30% profit growth, with net profit reaching Tk 125.4 crore and EPS rising to Tk 3.02 in the first three quarters of 2024. Customer deposits grew 2.30% to Tk 82.32 billion, and the loan portfolio hit Tk 111.7 billion. Operating income rose 11.32%, while expenses increased by only 2.18%. Despite challenges, IDLC achieved a return on equity of 8.65% and maintained a non-performing loan ratio of 4.98%.

The government has approved the procurement of 55,000 liters of soybean oil for its Open Market Sale (OMS) program and plans to import a total of 120,000 metric tonnes of fertiliser to meet local demands. The Trading Corporation of Bangladesh (TCB) will purchase the soybean oil from City Edible Oil Limited for Tk 868.4 million.

Amid soaring egg prices, Bangladesh has imported 231,000 eggs from India at Tk5.70 each, with a total cost exceeding Tk7.50 per egg after duties. The government has approved a phased import of 45 million eggs, with another 9 million expected next month.

Bank Asia PLC is offering home finance through its Islamic Banking services at a record-low 10.50% profit rate, with no compounding profit or pre-maturity fees. Salaried applicants need employment documents, while business owners must provide trade and financial records. Additional documents, like agreements with developers or construction approvals, are required based on the purpose.