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

Anxious over Beximco's future, Sukuk investors decide against bond conversion

Most of the unit holders of Beximco Green Sukuk have shown reluctance in converting bonds into shares in the third year, fearing losses.In a stock exchange filing on Monday, the Investment Corporation of Bangladesh (ICB), the trustee of the debt securities, said only 27 unit holders with bonds worth Tk...

Daffodil Computers to benefit owners by issuing debt-repaying shares

Experts and investors smell a rat in the recent decision of Daffodil Computers to issue shares to non-listed Creative International at face value in repayment of a debt of Tk 467 million. Both the organisations belong to the Daffodil Family, but Daffodil Computers have free float shares in the hands...

Eastern Bank first local agent to facilitate interbank Visa settlements

Eastern Bank has forged a strategic partnership with Visa on Monday, becoming first Bangladeshi Visa National Net Settlement Service (NNSS) Agent.Ali Reza Iftekhar, managing director (MD) and chief executive officer (CEO) of the bank, and Sabbir Ahmed, Visa country manager of Bangladesh, Nepal, and Bhutan, inked the deal at the...

Chinese company to invest $28.92m in BEPZA EZ

Ding Yu (BD) Enterprise Ltd, a Chinese company, will invest US$ 28.92 million in BEPZA Economic Zone (BEPZA EZ) to establish a garment manufacturing industry, reports BSS.The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company at the BEPZA Complex in the city on Monday.BEPZA Executive Chairman...

Sri Lanka's inflation rate drops to minus 1.7pc

Sri Lanka's consumer price inflation dropped to minus 1.7 per cent year-on-year in November after easing to minus 0.7 per cent in October, official data showed on Monday, as the country posted a strong rebound from its worst financial crisis in decades.The National Consumer Price Index captures broad retail price...

DVS integrated with e-GP system

DVS integrated with e-GP systemAn interoperability has been established between the electronic Government Procurement (e-GP) system of Bangladesh Public Procurement Authority (BPPA) and the Document Verification System (DVS) developed by the Institute of Chartered Accountants of Bangladesh (ICAB). The formal inauguration of this digital integration was held at the ICAB...

SBAC BANK SHARI'AH SUPERVISORY COMMITTEE MEETING HELD

SBAC BANK SHARI'AH SUPERVISORY COMMITTEE MEETING HELD Shari'ah Supervisory Committee of SBAC Bank PLC held a meeting at the head office of the bank on Monday. Moulana Md. Abdur Razzaque, Chairman of the committee, presided over the meeting in the presence of SBAC Bank Managing Director and CEO Habibur Rahman....

PRAN-RFL unveils first-ever sustainability report

FE REPORTPRAN-RFL Group, one of the largest business conglomerates in the country, has unveiled its first-ever sustainability report for the year 2023.The report reflected the group's unwavering commitment to enhancing present well-being while securing a sustainable future for all.Themed "Nurturing Lives, Sustaining Tomorrow," the report highlighted PRAN-RFL Group's comprehensive sustainability...

Saudi banks report 24pc profit growth

RIYADH, Dec 23 (Arab News): Saudi banks' aggregate profit reached SR7.7 billion ($2.05 billion) in October, marking a 23.67 per cent year-on-year increase, newly released data has revealed. According to the Saudi Central Bank, also known as SAMA, these figures represent profits before zakat and taxes. Cumulatively, from the beginning...