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

Bangladesh becoming Saudi investors' hotspot

Bangladesh is increasing drawing attention from Saudi businessmen and investors who are keen on investing here, said Foreign Affairs Adviser Md Touhid Hossain.Leading Saudi companies like ACWA Power and SABIC are exploring opportunities in the renewable energy, logistics and infrastructure sectors, the adviser told a programme organised by the Saudi...

FICCI urges strategies to boost business climate

A delegation of the Foreign Investors' Chamber of Commerce and Industry (FICCI) on Sunday met finance and commerce adviser Dr Salehuddin Ahmed and underscored necessary reforms in the financial sector.FICCI president Zaved Akhtar led the delegation at the meeting hosted at Dr Salehuddin's office. The chamber body focused on crafting...

bKash offers discount on Puja shopping

Like previous years, bKash has brought attractive discount and cashback offers for online and offline shopping to make Durga Puja shopping easier, affordable and exciting for customers, says a statement. These offers can be enjoyed on bKash payment at online or offline shops of well-known brands, covering a wide range...

Govt to increase Probashi Kalyan Bank's capital

The government has decided to raise the Probashi Kalyan Bank's authorised and paid-up capital to Tk 20 billion and Tk 13 billion respectively, aiming to bolster its financial base and enhance the loan disbursement capacity.The volume of the authorised capital of the bank currently stands at Tk 5.0 billion and...

STANDARD BANK BOARD MEETING HELD

The 398th Board meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Monday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Directors Kazi Akram Uddin Ahmed, Kamal Mostafa Chowdhury, Ashok Kumar Saha, Ferozur Rahman, S.A.M. Hossain, Mohammed Shamsul Alam,...

Shanta Equity wins Euromoney Award

Shanta Equity, a leading player in the capital market, has earned recognition as 'Best for Equities in Bangladesh' at the prestigious Euromoney Securities Houses Awards 2024. This accolade underscores Shanta Equity's significant impact in advancing the country's capital markets and its remarkable achievements in equity market transactions, says a statement....

Push for reforms in FBCCI

Boishamma Birodhi Sanskar Parishad or Anti-Discrimination Reform Council on Monday called for significant reforms in the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to address what it describes as long-standing inefficiencies, political influence, and neglect of small and medium enterprises.The council has demanded that all affiliated associations and...

DNCC extends deadline for renewal of trade licence fee

The Dhaka North City Corporation (DNCC) has extended the deadline for renewal of trade licence fee without surcharge until November 30 in a bid to facilitate the process for the traders.The city authority has also extended the 10 per cent rebate facility for those who pay all four installments together...

European carmakers warn on profits

LONDON, Sept 30 (Reuters): European carmaker Stellantis joined on Monday bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.The automakers are struggling with weak demand in China and the United States and a...

13th AGM of AGRANI SME FINANCING COMPANY HELD

The 13th Annual General Meeting (AGM) of Agrani SME Financing Company Limited, a wholly-owned non-banking financial institution of Agrani Bank PLC, was held at the bank's head office in the city on Sunday. Chairman of the company and Chief Executive Officer (current charge) of the bank Wahida Begum presided over...

Central Bank of Egypt issues over $1b in treasury bills

JEDDAH, Sept 30 (Arab News): Egypt's central bank has issued treasury bills worth 50 billion Egyptian pounds ($1.06 billion) as the country seeks to manage liquidity and support government financing amid rising inflation. One tranche offers 30 billion pounds in 91-day bills maturing on Dec. 31, and while the other...

German inflation slows further to 1.6pc in Sept

FRANKFURT, Germany, Sept 30 (AFP): German inflation slowed in September to its lowest level since early 2021, official data showed Monday, sliding further below the European Central Bank's two-per cent target rate.The annual inflation rate in Europe's biggest economy declined more than expected to 1.6 per cent, down from 1.9...