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

Linde's profit soars 264 times despite operating loss

Linde Bangladesh secured in the third quarter through September a profit 264 times higher than in the same quarter a year ago.During the same period, the company's business, however, did not go well, which is why it endured a loss of Tk 267 million. It could show a hefty profit...

Bank Asia in the red in Q3, squeezed by higher provisions

Bank Asia has reported a loss of Tk 1.03 billion for July-September this year, owing to higher provisions against loans and advances.The loss per share amounts to Tk 0.89 for the quarter, as opposed to a profit of Tk 0.18 earned in the same quarter a year earlier.The lender plunged...

BD should pursue FTAs with more countries

Bangladesh should pursue free trade agreements (FTAs) with more countries to address the challenges of LDC graduation and attract more foreign investment. Besides, its economic growth in the coming years should focus on quality and be driven by innovation, knowledge, and technology, areas where foreign companies can make significant contributions.Businesspersons...

Another BD factory gets platinum LEED certification

One more Bangladeshi garment factory, Cotton Field BD Limited, obtained the platinum LEED certification given by the US Green Building Council (USGBC), reports BSS.The factory located in Gazipur's Tongi scored 86 out of 110, according to USGBC, a membership-based non-profit organisation that promotes sustainability in building design, construction and operation.With...

Tax Service Month begins

The National Board of Revenue (NBR) may consider extending the deadline for income tax return submission due to disruptions caused by student-led mass movement in July and August."We will discuss the matter with the policymakers. If they agree, then the time may be extended. But there is no scope to...

SOUTHEAST BANK SIGNS MOU WITH BKASH

Southeast Bank recently signed a Memorandum of Understanding (MoU) with bKash to provide 24/7 cash management services to the distributors, agents and merchants of bKash through linked accounts with the bank. The service is designed to help businesses efficiently manage their cash flow. Nuruddin Md. Sadeque Hossain, the bank's managing...

MTB INKS DEAL WITH MIRPUR AGRICULTURAL SCHOOL

Mutual Trust Bank (MTB) recently signed an agreement with Mirpur Agricultural Workshop and Training School for providing payroll banking services to its employees. Syed Mahbubur Rahman, managing director, MTB; Md. Shafquat Hossain, deputy managing director, MTB, and James Gomes, director at MAWTS, exchanged documents, on October 29 at the bank's...

UCB, VISA LAUNCH 'CYBERSOURCE'

United Commercial Bank (UCB) partnered with Visa to bring CyberSource, a payment gateway solution, aimed at improving payment management for businesses and merchants. The service offers secure and efficient payments, tailored to diverse clients' needs. The launching event at UCB's corporate office in Dhaka marks a strategic move by UCB...

Ahmed Ismet new chairman for Bangladesh Development Bank

Veteran banker Ahmed Ismet has joined Bangladesh Development Bank PLC. as its chairman on Sunday, says a statement. The Financial Institutions Division of the Ministry of Finance recently appointed him as chairman of the Bank. Prior to joining the bank, Mr. Ismet was an Adviser to the Board of Wall...

Anwarul Islam new CEO of Agrani Bank

Md. Anwarul Islam officially took over as the Chief Executive Officer (CEO) of Agrani Bank PLC on Sunday. He was appointed as the CEO for a three-year term, says a statement. Anwarul Islam stared off his career as a senior officer at Agrani Bank in 1988. During his career, he...

M A Jabbar becomes BEZIA president

M. A. Jabbar, Managing Director of DBL Group, has become the President of the Bangladesh Economic Zones Investors' Association (BEZIA), says a statement.Mr Jabbar, a computer science graduate from the University of Texas at Dallas, USA, has been instrumental in developing a strong reputation and ongoing successes for DBL Group,...

Ethiopian Airlines starts operations in Bangladesh

Ethiopian Airlines has launched direct flights between Addis Ababa and Dhaka, making it the 40th airline to operate in Bangladesh.Its inaugural flight, a Boeing 787-9 Dreamliner aircraft, touched down at Hazrat Shahjalal International Airport at 8:30am on Sunday, reports bdnews24.com.The aircraft was welcomed in Dhaka with a traditional water cannon...

Dhaka airport’s 3rd terminal likely to open in mid-2025

Air Vice Marshal Monjur Kabir Bhuiyan, chairman of the Civil Aviation Authority of Bangladesh (CAAB), has revealed that it will take a few more months for Shahjalal International Airport's third terminal to become operational."Passenger services at the third terminal might start around the middle of next year or shortly after....

Chinese company to invest in Jhut recycling in Mongla EPZ

M/s Xingchen Textile Co Ltd, a Chinese company, will invest US$ 35.03 million to establish a textile industry in the Mongla Export Processing Zone (Mongla EPZ), reports BSS. The company will produce 20,000 tonnes of yarn and 12,000 tonnes of woven fabrics annually by recycling garment wastage, commonly known as...

Al-Arafah Islami Bank hosts Business Dev Conference

Al-Arafah Islami Bank PLC held a Business Development conference with the Managers of Chattogram Zone at a hotel in Chattogram on Saturday. Chairman of the bank Khwaja Shahriar was present as the chief guest while Managing Director and CEO Farman R. Chowdhury presided over the meeting. Directors Md. Shahin Ul...