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

BEXIMCO Sukuk investors worry over cash injected in Shariah-compliant bonds

The shutdown of textile units of BEXIMCO has worried Sukuk investors as it injected about 30 per cent of the proceeds of Shariah-compliant bonds in the textile division. BEXIMCO, a flagship listed company of Beximco Group, is the first private enterprise to issue asset-backed Sukuk bonds worth Tk 30 billion...

Intraco Refueling Station to close one subsidiary in March

Intraco Refueling Station had to shut down one of its 15 refueling stations as the land owner wants to build a high-rise building on the spot, according to a stock exchange filing on Sunday. It had rented the property from Md. Earshadullah of Chandgaon, Chittagong and established one of the...

Boosting tax to GDP ratio, attracting more FDI are big challenges: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed has said that boosting the tax to GDP ratio and attracting more Foreign Direct Investment (FDI) are some of the big challenges before the government apparently in a bid to streamline further the country's economy, reports BSS."The reality is that many people are not paying...

DU wins CFA Institute research challenge

A team from the Faculty of Business Studies, Dhaka University (DU), won the final round in Bangladesh of the CFA Institute Research Challenge 2024-25, according to a statement. The competition was held in Dhaka recently. The DU team advanced to the sub-regional round this month, where they will compete virtually...

ICMAB partners CIPFA to improve public financial management

The Chartered Institute of Public Finance and Accountancy (CIPFA), UK, and The Institute of Cost and Management Accountants of Bangladesh (ICMAB) have signed a Memorandum of Understanding (MoU) to further strengthen public financial management in Bangladesh.Khalid Hamid, CIPFA International Director, and Mahtab Uddin Ahmed, President of ICMAB, exchanged the documents...

Installation of EFD/SDC mandatory at hotels, restaurants located on highways: NBR

Installation of Electronic Fiscal Device (EFD) or Sales Data Controller (SDC) machines has been made mandatory in all the highway restaurants of the country aiming to enhance declining Value Added Tax (VAT) collection, reports UNB.The move by the National Board of Revenue (NBR) has taken after consumers' complaint VAT is...

Cargo vessel from Pakistan set to arrive at Mongla port after 53 yrs

For the first time since independence, a cargo vessel from Pakistan carrying rice is set to reach Monga seaport this week, reports UNB.The Pakistan fagged-carrier vessel-loaded with 25 tonnes of rice left Karachi Qasim port a few days back and is expected to anchor at Chittagong port within two or...

BANK ASIA HOLDS ANNUAL BUSINESS MEET 2025

Bank Asia organised the "Annual Business Meet 2025" at the Palace Luxury Resorts, Sylhet, on February 27. The bank's Chairman Romo Rouf Chowdhury, Board Executive Committee Chairman Rumee A. Hossain, Director Sabeth Nayeem Choudhury, and Managing Director Sohail R. K. Hussain attended the event. The business performance of the bank...

SOCIAL ISLAMI BANK HOLDS AGENT BANKING CONFERENCE 2025

Social Islami Bank (SIBL) hosted its Agent Banking Conference 2025 at the bank's head office in the capital on February 26. The bank's acting managing director Md. Nazmus Saadat was present as chief guest, and Deputy Managing Director A.A.M Habibur Rahman chaired the event. Head of the Agent Banking Division...

EXIM BANK HOLDS 130TH SHARI'AH SUPERVISORY COMMITTEE MEETING

The 130th Shari'ah Supervisory Committee Meeting of Exim Bank was held at the bank's head office in Dhaka recently. Member of the committee Maulana Mohammad Abdur Razzak presided over the Meeting. Chairman of Exim Bank Md Nazrul Islam Swapan, Managing Director (Current Charge) M Akhter Hossain, Additional Managing Director Abdul...

JANATA BANK BRANCH MANAGERS' CONFERENCE HELD IN KHULNA

Janata Bank PLC held Khulna Divisional Branch Managers' Conference at a hotel in Khulna recently. Managing Director of the bank Mazibur Rahman was present as the chief guest and DMD Md Golam Mortuza as a special guest. The conference was chaired by Abul Kalam Azad, General Manager-In-Charge of the Khulna...

JAYA AHSAN BECOMES BRAND AMBASSADOR OF AMIN JEWELLERS

Renowned actress and National Film Award-winning star Jaya Ahsan has recently been appointed the brand ambassador of the country's prestigious jewellery brand, Amin Jewellers. On the occasion, she visited Amin Jewellers' flagship store at Bashundhara City Shopping Mall. Mirza Syeedul Islam Beg, Senior Consultant-Business Development, Amin Jewellers, and Ashraful Alam,...

Chinese mainland investors drive surge in Hong Kong stocks

SHANGHAI, Feb 28 (Reuters): China's mainland investors have played an unprecedented role in a rally on Hong Kong's equity market that has pushed the benchmark index to its highest level since 2022.Mainland investors typically buy or sell Hong Kong-listed shares via the southbound link of the Stock Connect scheme.Hong Kong's...

Saudi bourse extends losses on lacklustre earnings; Egypt gains

Saudi Arabia's stock market ended lower on Sunday, extending losses for a fourth session, amid disappointing corporate earnings, while Egypt's stock index was buoyed by upbeat company results, reports Reuters.Saudi Arabia's benchmark fell 0.6 per cent, hit by a 0.4 per cent drop in Al Rajhi Bank and a 3.4...