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

A thriving market needs policy against long-term bank borrowings

The potential of the country's capital market has largely been unexplored in business financing because of policies that support easy, unregulated access to loans from the banking sector. In consequence, the equity market has remained stunted for decades while the banking sector is on the verge of collapse for a...

ICB slips back into the red

State-run Investment Corporation of Bangladesh (ICB) reported a loss of Tk 0.75 billion for the first quarter through September of FY25 after a remarkable recovery in the final quarter of the previous fiscal year.It recovered from a loss of Tk 2.67 billion in the first nine months through March of...

EBL partners with Danish Embassy to recognise local climate actions

The Embassy of Denmark in Dhaka has signed a contract with Eastern Bank to acknowledge climate change adaptation and mitigation efforts.A joint 'Declaration of Intent' was signed by Danish Ambassador H.E. Christian Brix Møller and Eastern Bank's Additional Managing Director Ahmed Shaheen at the embassy in the capital to give...

NBL sets recovery plan, says chairman

National Bank chairman Abdul Awal Mintoo on Monday said the lender has set a turnout strategy, thereby intensifying its focus on remittance, cash recovery and international trade.As part of its reviving plan, he said, the bank has already strengthened its six overseas subsidiaries to collect more remittance.A special team is...

SOUTHEAST BANK provides financial support to FARMERS

Southeast Bank extended financial support to farmers across three significant areas in the agricultural sector as part of its corporate social responsibility (CSR). Mr. Nuruddin Md. Sadeque Hossain, managing director of the bank, distributed the financial assistance to grassroots farmers at the bank's head office. The bank collaborated with the...

Trump's big tax-cut plans could be slowed by a wary bond market

WASHINGTON, Nov 25 (Reuters): Donald Trump's Republicans are promising to hit the gas next year when they assume full control of the US Congress, with little to stop them from executing the president-elect's promises to slash taxes and reorder the global trade landscape.But the $28 trillion Treasury debt market is...

Walton offers price cuts on Avian computers

Walton Digi-Tech Industries Limited, the leading technology product manufacturing and marketing company in Bangladesh, has unveiled a significant price reduction on its AMD Ryzen processor-powered Avian series desktop computers.The price drop applies to a range of models -- the Avian WDPC340G13 model sees a minimum price reduction of Tk 10,225,...

JU hosts online income tax campaign

Jahangirnagar University (JU), in partnership with Tax Zone-11 of the National Board of Revenue (NBR), hosted a day-long programme to promote online income tax return filing on Monday.The Income Tax Information Service Center arranged the campaign at the university's Zahir Raihan auditorium, open from 9 am to 4 pm, allowing...

Taxes, curbs on new plastic could slash pollution, study finds

TOKYO, Nov 25 (AFP): Higher taxes and a controversial limit on virgin plastic production are among a set of policies that could slash the amount of plastic waste leaking into the environment, a new study has found.Researchers used artificial intelligence to pinpoint four new policies they say could reduce the...

EU launches WTO challenge against China's brandy duties

BRUSSELS, Nov 25 (AFP): The European Union on Monday formally launched a challenge at the World Trade Organization against China's move to impose anti-dumping measures on brandy imported from the bloc.Beijing's move last month appeared to be a tit-for-tat measure against Brussels after the EU imposed hefty additional import tariffs...

BOARD MEETING OF AL-ARAFAH ISLAMI BANK HELD

The 409th Board meeting of Al-Arafah Islami Bank PLC was held on Monday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. Overall business performance of the bank was reviewed and several policy decisions were taken at the meeting. Directors Md Shahin Ul Islam, Md Abdul Wadud,...

SONALI BANK ARRANGES CUSTOMER GATHERING--

Sonali Bank PLC, Local Office Dhaka, arranged a view exchange meeting with its borrowers to recover classified loans, disbursement of new loans and foreign remittance collection at the bank's head office in the city on Monday. Md Shawkat Ali Khan, managing director & CEO of the bank, attended the meeting...

BBA HOLDS LOTTERY FOR FLAT ALLOCATION

Bangladesh Bridge Authority (BBA) held the first phase of the lottery for flat allocations for those affected by land acquisition for the Dhaka Elevated Expressway PPP project at the conference room of BBA on Monday. The flats were built at the rehabilitation village at Diabari in Uttara, Dhaka. BBA Executive...

Google's US antitrust trial over online ad empire draws to a close

NEW DELHI, Nov 25 (Reuters): The US Department of Justice will make its final argument on Monday that Google illegally dominated online advertising technology, seeking a second antitrust win against the company.The closing arguments in Alexandria, Virginia, cap a 15-day trial held in September where prosecutors sought to show Google...

Investors mining new data to predict retailers' results

NEW YORK, Nov 25 (Reuters): Heading into holidays some expect to disappoint, Wall Street investors like Goldman Sachs are using new ways to monitor shoppers' actions and intentions to help determine the season's winners and losers.They are tapping into the quickly evolving field of "alternative data" to help them predict...