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

National Tea out of production as workers demand arrears before joining work

Production at the state-run National Tea Company (NTC) has remained suspended for nearly three months as workers have abstained from work for non-payment of wages. Wages of around four months are due as the company suffers an acute shortage of working capital. About 12,000 permanent workers now seek the intervention...

Renata to issue preference shares to slash bank loans

Renata is going to raise Tk 3.25 billion through preference shares to ease its finance cost burden by paying off short-term bank loans.Against the backdrop of high interest rates, the drug manufacturer's finance costs shot up in the recent quarters, leading to erosion of its bottom-line growth.The board of directors...

NBR plans online tax reforms to simplify process for taxpayers

The National Board of Revenue (NBR) is set to implement several initiatives aimed at reducing taxpayer hassles and enhancing revenue collection for the national exchequer, reports UNB.According to NBR sources, upcoming changes include the introduction of online corporate tax filing, an online tax return submission system for income tax lawyers,...

Parveen elected chairperson of Shasha Denims

Parveen Mahmud FCA has recently been elected as the chairperson of Shasha Denims Ltd, says a statement. The company's Board of Directors elected her as the chairperson at a meeting held on November 14.

SOUTHEAST BANK LAUNCHES 16 AGENT BANKING OUTLETS

Southeast Bank officially launched 16 agent banking outlets to facilitate banking services to people across the country, especially in the rural and semi-urban areas of Cox's bazar, Cumilla, Dhaka, Faridpur, Gazipur, Jhalakathi, Khulna, Natore, Noakhali, Satkhira, Shariatpur and Tangail. Named as 'Shagotom'(welcome), their main objective is to uphold the trend...

ISTCL HOLDS 24TH AGM

The 24th annual general meeting of ICB Securities Trading Company Limited (ISTCL) was held on Saturday at the company's head office in the capital's Kakrail. The meeting was presided over by Md. Abul Hossain, chairman of the ISTCL's board of directors. He is also the managing director of its holding...

Trump's return could extend US stocks' dominance over global rivals

NEW YORK, Nov 24 (Reuters): US stocks are extending their lead over global peers and some investors believe that dominance could grow if President-elect Donald Trump can implement his economic platform without becoming mired in a full-blown trade war or ballooning the federal deficit.The S&P 500 has gained over 24...

Bangladesh Gas Fields Company holds 69th AGM

The 69th Annual General Meeting of Bangladesh Gas Fields Company Limited (BGFCL) was held on Sunday at Petrobangla in Dhaka. Mohammad Mohsin, Chairman, BGFCL Board, presided over the meeting. The Chairman of Petrobangla (Grade-1) Zanendra Nath Sarker and the shareholders and BGFCL's Board of Directors attended the meeting.

UNION BANK HOLDS BRANCH MANAGER CONFERENCE

With a view to reviewing the achievements of Business Plan-2024 and providing guidelines for preparation of Business Plan-2025, a branch managers' conference of Union Bank PLC was held at its head office in the city on Sunday. Chairman of the board of directors of the bank Md Fariduddin Ahmad was...

SONALI BANK ARRANGES CUSTOMER GATHERING

Sonali Bank PLC’s Narayanganj corporate branch arranged a view-exchange meeting on recovery of classified loan, new loans and foreign remittance at Narayanganj on Saturday on the occasion of 'Meet the Borrower & Customer Gathering'. Md Shawkat Ali Khan, MD & CEO of Sonali Bank, attended the programme as the chief...

JANATA BANK STARTS RTGS ACTIVITIES

Janata Bank PLC started Real Time Gross Settlement (RTGS) activities through its JB NIKASH SOLUTION on Sunday. Managing Director Md Mazibur Rahman inaugurated the software as the chief guest. Higher executives of the bank were present on the occasion.

REPRESENTATIVE CONFCE OF BKB'S CBA B-985 HELD

A representative conference of the Employees Union CBA B-985 of Bangladesh Krishi Bank (BKB) was held at its head office in the city on Sunday. Mostafuzul Karim Majumdar, joint general secretary of Jatiyatabadi Sramik Dal central Committee, was present as the chief guest in the conference while CBA B-985 president...

SMART TECHNOLOGIES BRINGS IN GOOGLE TV

Smart Technologies (BD) Limited (Sony-Smart), the official distributor of Sony in Bangladesh, unveiled its new range of Google TVs on the occasion of World Television Day. The launching ceremony took place at the Sony-Smart showroom in Dhaka recently. Md Tanvir Hossain, Director of Smart Technologies (BD), officially launched the new...

MEGHNA BANK HOLDS STRATEGIC BUSINESS MEETING

Meghna Bank PLC organised a Strategic Business Meeting-2024 at a resort at Pubail in Gazipur recently. Kazi Ahsan Khalil, Managing Director and CEO of the bank, presided over the meeting. Kimiwa Saddat, Deputy Managing Director, and Sadequr Rahman, Deputy Managing Director, were also present.

IBN SINA PHARMACEUTICAL HOLDS 40TH AGM

The 40th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry PLC was held on a virtual platform on Sunday. Kazi Harun or Rashid, Chairman of the company, presided over the meeting. The AGM approved a 63 per cent cash dividend after evaluating the financial report for FY 2023-24...