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

CMSF set to manage dividends, streamline tax waiver process

The securities regulator has decided to engage the Capital Market Stabilisation Fund (CMSF) in distributing cash dividends to investors on behalf of listed companies, to ease the tax collection process and help investors secure tax waivers on dividend income.The CMSF, established in 2021 to settle claims of undistributed dividends, will...

BRAC Bank plans to become complete financial partner for CMSMEs

BRAC Bank plans to become a complete financial partner for cottage, micro, small and medium enterprises (CMSMEs) with technology-driven innovative products to make them more vibrant amid the persisting economic slowdown.As part of the strategy, the country's most SME-focused commercial bank recently launched a unique campaign titled "SME Means BRAC...

BSEC to forward findings to ACC against ICB officials

The securities regulator has decided to forward its investigation report on the involvement of Investment Corporation of Bangladesh (ICB) officials in the manipulation of Fortune Shoes' stock price to the Anti-Corruption Commission (ACC) and the finance ministry for necessary actions.The decision was taken at a meeting of the Bangladesh Securities...

DHAKA BANK INKS DEAL WITH BB FOR STARTUP REFINANCING SCHEME

DHAKA BANK INKS DEAL WITH BB FOR STARTUP REFINANCING SCHEMEDhaka Bank has signed a participation agreement with the Bangladesh Bank for Tk 5 billion Startup Fund Refinancing Scheme. Start-ups, which are introducing new products, services, or processes using technology or intellectual property to meet domestic or global demand, demonstrating rapid...

MODHUMOTI BANK SIGNS MOU WITH QUAZI ABEDIN TEX for PAYROLL SERVICES

MODHUMOTI BANK SIGNS MOU WITH QUAZI ABEDIN TEX for PAYROLL SERVICESModhumoti Bank signed a memorandum of understanding (MoU) with Quazi Abedin Tex Ltd. on Tuesday at the bank's head office, Gulshan, Dhaka to provide payroll services. Under this agreement, employees of Quazi Abedin Tex Ltd will be able to withdraw...

Jamuna Bank signs MoU with JMI Specialized Hospital

Jamuna Bank signs MoU with JMI Specialized Hospital Jamuna Bank PLC has signed a memorandum of understanding (MoU) with Apollo Clinic Licensee, JMI Specialized Hospital Ltd., at Jamuna Bank Tower in Dhaka on Tuesday. The MoU was signed by Noor Mohammed, Deputy Managing Director & CBO of Jamuna Bank, and...

Renata taps Canadian market with contraceptive pill Miley

Renata has entered the Canadian pharmaceutical market with the launch of a birth control pill, aiming to expand its export portfolio and diversify its global presence.The company introduced Desogestrel/Ethinyl Estradiol (0.15 mg/0.03 mg) tablets, a birth control pill that combines two hormones-desogestrel (a progestin) and ethinylestradiol (an estrogen)-to prevent pregnancy...

Call to raise awareness to boost remittance inflow

OUR CORRESPONDENTCHATTOGRAM, Sept 10: Chattogram City Corporation (CCC) Mayor Dr Shahadat Hossain has said the widespread use of hundi among Bangladeshi expatriates, driven by lack of awareness of digital money transfer apps, is costing the country valuable foreign exchange."Millions of expatriates in the Middle East struggle to send money home...

Akij Venture opens S Asia's largest packaged drinking water plant

Akij Venture Group has inaugurated South Asia's largest and most modern packaged drinking water production line in Dhamrai recently. The mega facility, developed under its subsidiary Akij Food & Beverage Ltd., will stand as a proud testament to Bangladesh's growing industrial infrastructure and development.Built with cutting-edge technology and state-of-the-art machinery...

Jet A-1 fuel price cut for domestic, international flights

Bangladesh Energy Regulatory Commission (BERC) on Wednesday cut the price of jet A-1 fuel, also known as aviation fuel, by 2.59 per cent to US$0.6333 per litre for international flights and by 3.54 per cent to Tk 96.09 per litre for domestic flights from the country's airports for September compared...

Sonali Bank signs agreement with BADC

Sonali Bank signs agreement with BADCSonali Bank PLC signed an agreement with Bangladesh Agricultural Development Corporation (BADC) to collect various fees and charges, including irrigation charges, fertiliser and seed sales and contractor/dealer licence renewal fees through the Sonali Payment Gateway. The agreement signing ceremony was held at the bank's head...

Shahjalal Islami Bank's financial support for treatment

Shahjalal Islami Bank's financial support for treatmentAs part of its Corporate Social Responsibility (CSR) Programme, Shahjalal Islami Bank PLC provided financial assistance to Mst. Fahmida Akter, a resident of Kachu Mia Colony of Sylhet District, for treatment and surgery on the bones of her both legs. SAVP & Manager of...

BANGLALINK'S ORANGE MEMBERS TO ENJOY SPECIAL DISCOUNT AT WALTON PLAZA

BANGLALINK'S ORANGE MEMBERS TO ENJOY SPECIAL DISCOUNT AT WALTON PLAZA Banglalink has recently signed a Memorandum of Understanding (MoU) with Walton Plaza to provide special discounts to its Orange Club members. The signing ceremony took place at the Walton Corporate Office. Under this partnership, Orange Club members can now avail...