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

Profits of banks, NBFIs may increase due to cut in corporate tax rate

Stakeholders in the banking, insurance and financial institutions (FIs) sectors have expressed satisfaction over the budget proposal to cut the corporate tax rates.They expected that the tax-cut measure in the budget proposed for the fiscal year 2018-19 would help increase the profitability of the companies. It would also allow the...

DSE welcomes budget

FE ReportDhaka Stock Exchange (DSE) has appreciated the budgetary measures for fiscal year 2018-19, especially the importance laid on small and medium enterprises (SMEs) and setting up of industries in the districts.The government's initiative would enhance the industrial development of the country, the premier bourse said in a statement, offering...

Thrust on companies act modernisation

FE ReportSpeakers at a programme on Saturday called for rapid modernisation of the Companies Act, 1994 to attract more local and foreign investment in the country.They said Bangladesh needs to improve its 'Ease of Doing Business Index' to lure more investment, aiming to achieve the Sustainable Development Goals (SDGs) in...

BSRM incorporates subsidiary in HK

Bangladesh Steel Re-Rolling Mills Ltd. (BSRM) has incorporated a subsidiary company, 'BSRM (Hong Kong) Limited', in Hong Kong as per decision of the company's board of directors. It will be engaged in trading of steel products, procurements, and inspection of raw materials/spare parts etc. for the BSRM Group. — CSE...

Most textile cos report better earnings in Q3

FE ReportMost of the listed textile companies have reported increased earnings for the January-March quarter (Q3) of 2018 as compared to the same period of previous year.According to un-audited financial statements, the earnings per share (EPS) of Square Textile was Tk. 0.61 in the Q3 of 2018 as against Tk....

Former chief of army staff Nur Uddin Khan

Former chief of army staff Nur Uddin Khan inaugurating an ATM booth of Rupali Bank's own brand at Dhaka Cantonment branch of the bank recently. Former adviser of a caretaker government Major General (retired) Motiur Rahman and deputy managing director of the bank, Mohammed Kamruzzaman Chowdhury seen, among others

CEO of LafargeHolcim Bangladesh Rajesh Surana along with other high officials

CEO of LafargeHolcim Bangladesh Rajesh Surana along with other high officials of the company seen at an art competition titled 'The World In My Eye' for the children of LafargeHolcim employees on the occasion of the World Environment Day at the corporate office of the company in the city Saturday

General Manager (Marketing) of Vision Electronics Mahabubul Wahid

General Manager (Marketing) of Vision Electronics Mahabubul Wahid posing for a photograph with the winners of Russia tour campaign of electronics brand Vision, after handing over the prizes to them in the city recently