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

Listed cos say few female candidates up for board positions

Listed companies are yet to comply with the mandatory provision of appointing at least one female independent director in their boards but they put the blame on lack of eligible candidates.Only a handful of organisations among those listed, including BRAC Bank, have already hired women in the position of independent...

Stocks rebound on high hopes after capital gain tax cut

Stocks rebounded strongly on Monday, after a single-day break, as investor confidence was boosted by the news of capital gain tax cut for individual investors.The market appeared subdued initially and remained volatile until the first half of the session. However, it gained momentum in the latter half following the announcement...

City Bank's operating profit rises 77pc

City Bank reported an operating profit of Tk 16.53 billion for the duration from January to September, representing a 77 per cent growth compared to the previous year, according to a press release issued on Monday.However, due to high provisioning, the bank's consolidated profit after tax increased only 19 per...

SOUTHEAST BANK PROVIDES CSR FUND TO BAU FOR AGRI RESEARCH

Southeast Bank extended financial support to Bangladesh Agricultural University (BAU) for agricultural research under its 'Special CSR Fund'. The funds under corporate social responsibility (CSR) was handed over to Bangladesh Agricultural University Research System Director Professor Dr. M. Hammadur Rahman, Mymensingh, at a ceremony where the bank's Managing Director Nuruddin...

MTB INKS DEAL WITH DZN LABELS FOR PAYROLL SERVICES

Mutual Trust Bank (MTB) recently signed an agreement with DZN Labels to provide payroll banking services to its employees. The ceremony was held on October 28, 2024, at the MTB's corporate head office in the capital's Gulshan. The bank's Deputy Managing Director & Head of Retail Banking Md. Shafquat Hossain...

ADP project directors urged to update data in e-PMIS

Project directors (PDs) under the Annual Development Programme (ADP) have been urged to update all the project data in the electronic Project Management Information System (e-PMIS) of Implementation Monitoring and Evaluation Division (IMED).The call was made at a dissemination workshop for stakeholders of e-PMIS software organised by Bangladesh Public Procurement...

RFL starts exporting geysers to Oman

RFL, one of the country's leading business conglomerates, has started exporting geysers to Oman.The first consignment of geysers was dispatched to Oman recently from the factory of Rangpur Metal Industries Ltd, a concern of RFL Group, says a press release.At present, RFL geysers are being exported to India, Nepal and...

ETHIOPIAN DELEGATION CALLS ON CAAB CHAIRMAN

An Ethiopian delegation led by its Civil Aviation Authority Director General Getachew Mengiste Alemayehu pays a courtesy call on Chairman of the Civil Aviation Authority of Bangladesh (CAAB) Air Vice Marshal Mohammad Monjur Kabir Bhuiyan at the CAAB headquarters in the city on Monday.

Shahjalal Islami Bank donates Tk 1.0m to Thalassaemia Hospital

To facilitate better treatment for poor and destitute patients, Shahjalal Islami Bank PLC donated Tk 1.0 million to Bangladesh Thalassaemia Hospital. SEVP & Company Secretary of the bank Md Abul Bashar handed over a cheque to Dr AKM Ekramul Hossain Swapan, Executive Director of the hospital, at a formal ceremony...

BADC CHAIRMAN INSPECT ACTIVITIES AT DINAJPUR AND THAKURGAON

Chairman (Grade-1) of Bangladesh Agricultural Development Corporation (BADC) Ruhul Amin Khan visited various wings of BADC in Dinajpur and Thakurgaon to inspect their activities. He also participated in a view-exchange meeting organised by the district administration of Thakurgaon. Farmers, stakeholders, BADC representatives, and other officials of the district attended the...

BSCIC ARRANGES FIRE DRILL

The Bangladesh Small and Cottage Industries Corporation (BSCIC), in association with the Fire Service and Civil Defence Department, organised a two-day training and drill course on 'Fire Prevention, Extinguishing, Rescue, And Emergency Evacuation' that began on Monday. BSCIC Chairman Ashraf Uddin Ahmad Khan (Additional Secretary), was present as the chief...

Chinese solar firms go where US tariffs don’t reach

BEIJING, Nov 04 (Reuters): Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of US trade tariffs targeting it and three other Southeast Asian countries.Meanwhile, in nearby Indonesia and Laos, a slew of new Chinese-owned solar plants are...

India's factory growth accelerates in October

BENGALURU, Nov 04 (Reuters): India's manufacturing growth gained momentum in October after decelerating for three months as demand improved significantly, helping in job creation and leading to a better business outlook, according to a business survey released on Monday.The HSBC final India Manufacturing Purchasing Managers' Index INPMI=ECI, complied by S&P...

Tesla's Oct China-made EV sales fall 5.3pc

BEIJING, Nov 04 (Reuters): US automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3 per cent from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday.Deliveries of China-made Model 3 and Model Y vehicles fell 22.7 per cent from the previous month.Chinese rival...

Euro zone manufacturing slump shows signs of stabilising in October

LONDON, Nov 04 (Reuters): Euro zone manufacturing showed some signs of stabilisation in October as while activity contracted for a 28th month it did so at a shallower pace, according to a survey which showed an ongoing decline in demand had also eased.HCOB's final euro zone manufacturing Purchasing Managers' Index...