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

Fiscal measures may hit real estate, construction sector hard

Several fiscal measures outlined in the proposed national budget for FY 2025-26 could severely impact the country's real estate and construction sector, which is already grappling with rising costs and declining demand, industry insiders have warned.As per the proposed budget, value added tax (VAT) on services of construction companies and...

New banknotes being sold at inflated prices in open market

Although Bangladesh Bank has released newly designed Tk 20, Tk 50, and Tk 1,000 notes ahead of Eid, scheduled banks are unable to supply them, while they are being sold at inflated prices on the open market.A visit to Motijheel and Gulistan reveals traders sitting under the open sky, openly...

Govt releases Tk 2.5b in cash incentives for exporters

The government has released Tk 2.5 billion in cash incentives for the country's exporters, marking the fourth and final installment of the export subsidy allocated for the current fiscal year (FY 2024-25).The Finance Division under the Ministry of Finance issued an official order regarding the disbursement on May 29.As in...

Sazzad new DMD at Grameen Bank

A K M Sazzad Hossain has been appointed as the Deputy Managing Director of Grameen Bank.Previously, he served as a Director at the non-governmental organisation, ASA. In addition, he held leadership positions in various programs under BRAC and BRAC International's Microfinance Program, says s statement.In 2005, Sazzad Hossain started off...

EBL marks World Environment Day

Eastern Bank PLC (EBL) has marked the World Environment Day 2025 with a week-long series of initiatives under the theme "True Transformation Starts from Within," says a statement. A key highlight of the celebration is the In-House Culture Development Session, where EBL recognized its Green Champions -- dedicated individuals and...

Guardian Life posts 34pc increase in Q1 claims settlement

Guardian Life Insurance Limited (GLIL) reported a 34 per cent increase in the insurance claims settlement in the first quarter of 2025, compared to the same period of the previous year. In this quarter, the insurance service provider settled claims worth approximately Tk 1.29 billion, up from Tk 960 million...

TRUST BANK PARTNERS WITH VISA TO LAUNCH 'VISA DIRECT FOR ACCOUNT'

Trust Bank PLC has signed an agreement with Visa to introduce 'Visa Direct for Account'. This collaboration is set to elevate Trust Bank's cross-border payment solutions. Ahsan Zaman Chowdhury, Managing Director & CEO of Trust Bank; and Sabbir Ahmed, Country Manager for Visa in Bangladesh, Nepal, and Bhutan; and other...

Prime Bank Partners with Incredible Pvt Ltd

Prime Bank PLC, one of Bangladesh's leading second-generation commercial banks, has recently signed a strategic agreement with Incredible Pvt. Ltd. at Prime Bank's corporate office in Dhaka recently. As part of this agreement, Prime Bank customers will be entitled to enjoy exclusive discounts of up to 25% on a wide...

PUBALI BANK SIGNS AGREEMENT WITH ACI

Pubali Bank PLC and Advanced Chemical Industries (ACI) PLC & ACI Logistics Limited (Shwapno) signed an agreement whereby ACI employees will enjoy advanced banking facility of Pubali Bank from their office premises without visiting any branches of the bank. Also, Pubali Bank's POS and Bangla QR facilities will be deployed...

China factory activity hits two-year low

BEIJING, June 4 (AFP): Chinese factory activity hit a more than two-year low in May, a closely watched survey showed Tuesday.The Caixin Purchasing Managers' Index fell to 48.3 in May, well below the 50-point threshold separating expansion from contraction.The figure was the lowest since September 2022 and well below the...