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

RMG exporters seek re-fixing of cash incentives on local yarn

Apparel exporters have called for the restoration and re-fixing of cash incentives on the use of local yarn, citing the deteriorating condition of domestic spinning mills and the need to improve export competitiveness.They have proposed restoring the cash incentive on the use of local yarn in export-oriented apparel production to...

Max SIMs under single NID cut down to five

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to reduce the number of SIM cards that can be registered under a single National Identity Card (NID), setting a new ceiling of five per individual, to be effective from 1 January 2026.Under the revised policy, any SIMs exceeding the limit will...

BB clarifies cash withdrawal limits for five merging banks

Bangladesh Bank (BB) on Friday issued a clarification regarding the withdrawal of funds by depositors of five banks currently undergoing a merger process, cautioning the public against misinformation circulating in various media outlets, reports BSS. "The process to allow depositors of these five banks to withdraw a maximum of Taka...

BAFEDA HOLDS 32ND ANNUAL GENERAL MEETING

The 32nd Annual General Meeting (AGM) of Bangladesh Foreign Exchange Dealers' Association (BAFEDA) was held at a city hotel on Wednesday. Md Shawkat Ali Khan, Chairman of BAFEDA and MD and CEO of Sonali Bank, presided over the meeting. BAFEDA Executive Secretary Md Abul Hashem moderated the meeting.

CDA Master Plan for Ctg in the works

CHATTOGRAM, Dec 26: The Chattogram Development Authority (CDA) is working to prepare a new master plan for the port city now. The new Master Plan for Chattogram will be finalised by June next as the primary plan has already been completed. The CDA is implementing the project, titled Preparation of...

India's Coforge to acquire Encora in $2.35b deal to boost AI offerings

Indian IT services provider Coforge said on Friday it would acquire artificial intelligence firm Encora at an enterprise value of $2.35 billion to boost its in-house AI capabilities and expand its presence in the US and Latin America, reports Reuters.Indian IT firms are exploring funding projects related to AI technology,...