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

IDRA pushes deep reforms to strengthen insurance sector

The interim government has launched a sweeping reform agenda for Bangladesh's insurance sector, targeting long-standing governance failures, weak regulation and eroded public trust that have driven insurance penetration to historic lows.The reforms aim to stabilise troubled insurers, protect policyholders and rebuild confidence in an industry critical to economic resilience, Dr...

BD cuts source tax on savings certificates for small investors

The government has reduced the tax deducted at source (TDS) on profits from savings certificates, or Sanchaypatra, to 5 per cent from 10 per cent for investments of up to Tk 0.5 million, officials said.The National Board of Revenue (NBR) issued a clarification following complaints from investors who alleged that...

ShopUp teams up with Holy Makkah Municipality to transform Hajj supply chains

ShopUp has announced a landmark expansion of its global footprint through a strategic partnership between its Saudi-based brand, Sary, and Al-Balad Al-Amin Technologies-the investment arm of the Holy Makkah Municipality, says a press release.The partnership establishes a new joint venture dedicated to activating a unified digital platform designed to organise...

Standard Bank holds Business Review Meeting of Dhaka region

Standard Bank holds Business Review Meeting of Dhaka regionStandard Bank PLC organised a Business Review Meeting at the bank's head office with the participation of heads of all branches of Dhaka region. Managing Director (Acting) of the bank Md. Siddiqur Rahman presided over the meeting while Chairman Mohammed Abdul Aziz...

Md Arfanul Hoque new chairman of Petrobangla

Additional Secretary Md. Arfanul Hoque has joined Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) as its chairman on deputation recently.Mr Hoque served as the additional secretary in the Energy and Mineral Resources Division before taking over as chairman of Petrobangla. He belongs to the 18th batch of Bangladesh Civil Service...

First 'Incubation Hub' launched at RU to encourage industry-oriented research

RU CORRESPONDENTRajshahi University (RU) has launched its first-ever 'Incubation Hub' with the aim of transforming university education and research into industry-oriented initiatives, creating entrepreneurs, increasing domestic production, and building a self-reliant nation.The Incubation Hub has been established under the initiative of the Molecular Biology and Protein Science Laboratory (MBPSL) of...

Al-Arafah Islami Bank services resume fully today following CBS upgrade

Following the successful completion of the Core Banking System (CBS) upgrade at Al-Arafah Islami Bank, all banking services resume today.The upgrade was carried out to enhance technological capabilities, establish a modern banking infrastructure, and ensure safer, faster, and uninterrupted banking services for customers, says a press release. In line with...