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

Brokers to face actions if uniform software not installed by April

Brokerage firms have got four more months to install uniform, un-editable back-office software from selective vendors to ensure protection of the investors' money.The Bangladesh Securities and Exchange Commission (BSEC) has recently issued a letter, extending the timeframe from December 31 this year, following a request by the DSE Brokers Association...

Summit Power gets 3 more months to publish financial results

The stock market regulator has granted Summit Power an additional three-month time to submit its pending financial statements.With the extended time, the power producer will have to submit its annual financial statement for FY24 along with the ones for the first and the second quarters of FY25 by March next...

NBR moves to boost VAT collection amid shortfall

The National Board of Revenue (NBR) has decided to launch a door-to-door campaign aimed at improving Value Added Tax (VAT) collection, as the revenue inflow from this sector has been deemed "unsatisfactory".According to data provided by the NBR, VAT collection up until October stood at Tk 411.92 billion, falling short...

ICMAB holds 53rd AGM

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) held its 53rd Annual General Meeting (AGM) at Ruhul Quddus Auditorium, ICMA Bhaban, in Dhaka on Friday. The event brought together members, past presidents, and council members to review the Institute's achievements and set the stage for future endeavors, says...

bkash again named ‘Best Brand’

bKash remains the country's Best Brand among top local and Multinational brands for the 6 consecutive years through a consumer survey of Bangladesh Brand Forum (BBF), reports BSS. Following the success of 2019 to 2023, country's largest MFS provider, bKash, retains its position as the overall best brand among the...

EASTERN BANK INKS BUSINESS DEAL WITH SHUBHANKAR AND CO.

Eastern Bank recently signed a business collaboration agreement with Shubhankar and Co. in the capital. Under the agreement, the public accounting firm will provide management consulting and financial reporting services for small and medium enterprises (SME) and retail clients of the bank. M. Khorshed Anowar, deputy managing director and head...

MODHUMOTI BANK SIGNS MOU with CHALDAL.COM CUSTOMERS DISCOUNTS

Modhumoti Bank on Sunday signed a memorandum of understanding (MoU) with Chaldal.com at the bank's head office in the capital's Gulshan to provide its cardholders with special discounts on purchase from the online grocery shopping platform. Md. Shafiul Azam, managing director and chief executive officer of the bank; Kamrul Hasan...

TRUST BANK SIGNS PAYROLL BANKING AGREEMENT WITH BKASH

Trust Bank recently entered into a strategic agreement with bKash to provide payroll banking facilities to the employees of the mobile financial services company. Mahboob Hossain, of Trust Bank's business division, and Mohammed Ferdous Yusuf, chief human resources officer of bKash, signed the agreement. Under this deal, bKash employees will...

Trump's first actions and job data to test market in January

NEW YORK, Dec 29 (Reuters): After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.The S&P 500 rose roughly 25 per cent in 2024...

NRBC BANK opens 109TH BRANCH IN JHALAKATHI

NRBC Bank started its banking operations in Kathalia, Jhalakathi, launching its 109th branch on Sunday. AKM Mostafizur Rahman, director and chairman of the bank's Risk Management Committee, inaugurated the branch as the chief guest. Zahirul Islam, the upazila nirbahi officer of Kathalia, was present on the occasion, among others. A...

India's widening bank liquidity deficit warrants more measures

MUMBAI, Dec 29 (Reuters): India's banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection.The banking system's liquidity shortfall has jumped to its highest level in nearly seven months due to tax outflows and central bank's regular foreign exchange...

Bangladesh Commerce Bank holds 26th AGM

The 26th Annual General Meeting (AGM) of Bangladesh Commerce Bank Limited was held virtually on Saturday. Md Ataur Rahman, Chairman, Board of Directors of the bank, presided over the meeting. Members of the Board Md Mohashin Miah, Kamrul Hoque Maruf, Md Golam Mortuza and Shaikh Ashafuzzaman and Managing Director &...

BARAKA POWER HOLDS 17TH ANNUAL GENERAL MEETING

The 17th Annual General Meeting (AGM) of Baraka Power Limited was held using hybrid system (both physical and online presence) at a hotel in Sylhet on December 26. Chairman of the company Faisal Ahmad Chowdhury delivered the welcome speech and Managing Director Fahim Ahmed Chowdhury made the closing remarks. Company...

SONALI BANK SIGNS DEAL WITH DEPARTMENT OF LIVESTOCK SERVICES

Sonali Bank PLC signed an agreement with Department of Livestock Services (DLS) to collect export-import related charges and fees through Sonali Payment Gateway. Sonali Bank General Manager Md Moniruzzaman and DLS Director (Administration) Dr Md Bayzer Rahman signed the agreement at DLS head office conference room on Sunday. Director General...

JANATA BANK PLC'S 832nd BOARD MEETING HELD

The 832nd meeting of the board of directors of Janata Bank PLC was held at its head office in the city on Sunday. Chairman of the bank Md Fazlur Rahman presided over the meeting. The meeting discussed various issues, including recovery of classified loans. Janata Bank Managing Director Md Mazibur...