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

Linde shareholders to get further 400pc cash dividend for 2024

Linde Bangladesh has declared a 400 per cent final cash dividend for 2024, taking the total return on investments to 4,500 per cent for the year. This is the highest-ever annual cash dividend declared by any company in Bangladesh's stock market, said market operators.The multinational company has already paid 4,100...

Govt scraps deal with another plant of Doreen Power

The government has canceled the power purchase agreement (PPA) with another 22MW plant of Doreen Power Generations and Systems, exposing investors to a greater risk of losing their investment. The plant in Narsingdi stopped power generation in December 2023 upon expiry of its 15-year contract with the government.In April 2023...

Submarine Cables revises down EPS for Q1, Q2

Bangladesh Submarine Cables has revised its earnings per share (EPS) for the first and second quarters of FY25 as it last time did not take into account all the shares issued to the government against share money deposits. The EPS has been recalculated to ensure conformity with the accounting rule....

Prime Bank to pay 20pc dividends for 2024

Prime Bank has announced 20 per cent annual dividends for its shareholders for 2024. The board of directors of the bank approved its audited financial statements at a meeting on Thursday and recommended the dividend-- 17.5 per cent in cash and 2.5 per cent in stock. The bank posted a...

NBR chairman vows action against tax evasion

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan urged revenue officials on Thursday to adopt a more empathetic approach toward businesses to support economic growth, reports UNB."If we are not empathetic towards businesspeople, the country's economy will not thrive. I urge revenue officials to be understanding-this is the...

Singapore-India owned company to invest $ 9.24m in BEPZA EZ

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to establish a 100 per cent export-oriented cigarette manufacturing industry in the BEPZA Economic Zone (EZ), reports BSS.The company will invest US$ 9.24 million to produce 9 billion cigarette sticks...

Commodity prices stable, even on downtrend

Commerce Adviser Sk. Bashir Uddin said on Thursday that the prices of commodities are stable even on downtrend during the holy month of Ramadan, reports BSS.The Commerce Adviser made this remark while addressing an Imam and Khatib gathering and Iftar mahfil held at the Jamia Madania Baridhara Madrasah Auditorium in...

Janata Bank arranges Remittance Service Fortnight

With a view to enhancing foreign remittance, Janata Bank PLC is observing a 'Foreign Remittance Service Fortnight marking the Ramadan and Eid-ul-Fitre from March 06 to March 27, says a press release.Managing Director of the bank Md Mazibur Rahman urged all concerned to provide unhindered services to the clients at...

BRAC Bank’s female top-performerS AWARDED

BRAC Bank has recognised the top-performing female staffers of its branch network, who achieved outstanding deposit business performance during the second half of 2024. The bank's Chairperson Meheriar M Hasan, Vice Chairperson Faruq Mayeenuddin Ahmed, directors Farzana Ahmed, Anita Ghazi Rahman, Lila Rashid and Salek Ahmed Abul Masrur and Managing...

US corporate bond spreads hit widest in about 6 months on recession fears

The spreads between the yields on corporate bonds and US Treasuries hit their widest since September this week, pointing to mounting investor worries about recession and a global trade war, reports Reuters.US investment-grade bond spreads hit 94 basis points on Tuesday, their widest level since September 18, according to the...

BLASCWOA demands tax holiday facility for 10 years

Bangladesh LPG Autogas Station & Conversion Workshop Owners Association (BLASCWOA) demanded tax holiday facility for 10 years to help keep businesses alive and flourish in this sector.The association’s president Mohammad Serajul Mawla placed these demands during a pre-budget meeting with National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan...

UBS considers sale of some real estate assets in asset management unit

LONDON, Mar 13 (Reuters): UBS is considering selling part of its asset management division that is largely focused on real estate investments, two people with knowledge of the matter told Reuters, as the bank looks to revamp the group's smallest business unit.The business area under review includes mainly Swiss real...

Games industry still a hostile environment for many women

PARIS, Mar 13 (AFP): Five years on from a first wave of harassment scandals that rocked the world of gaming, multiple women working in the industry tell AFP they have seen or experienced sexism in the workplace, fearing economic hardship in the sector will lead to backsliding."I have experienced circumstances...

Citigroup plans to slash IT contractors, hire staff to improve controls

LONDON/NEW YORK, Mar 13 (Reuters): Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.Citigroup's head of technology Tim Ryan told staff in recent weeks that the bank aims...