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

Fiscal perks to spur domestic e-bike production

The fiscal incentives on electric bikes (e-bikes) in the new budget have appeared as an opportunity for local manufacturers to make hefty investments to promote environment-friendly vehicles in Bangladesh. The proposed budget for the fiscal year 2025-26 has offered tax benefits for the production of e-bikes and their batteries.The average...

Private sector credit growth remains subdued

Despite some minor fluctuations, private sector credit growth in Bangladesh has maintained a downward trend since the fall of the Awami League government in the wake of the July Uprising, reports bdnews24.com.According to the latest data published by Bangladesh Bank, credit growth in April stood at 7.5 per cent, marking...

40pc of social assistance to be disbursed through digital payments

The government has allocated 40.05 per cent of total social assistance for distribution through digital cash transfers in the national budget for FY 2025-26, aiming to enhance transparency and efficiency in the sector.Social assistance remains the largest functional category within the broader social security framework, according to the budget papers,...

Freight Forwarders Assoc gets administrator

The government has appointed an administrator at the Bangladesh Freight Forwarders Association (BAFFA) after dissolving its board of directors for their failure to comply with necessary rules and regulations.In an official order issued on June 3, Deputy Secretary Nasrin Sultana of the Ministry of Commerce has been assigned to serve...

NRBC Bank workshop on financial inclusion

NRBC Bank hosted a workshop at its head office in the capital recently to raise awareness about financial literacy and financial inclusion activities among the marginalised people, says a statement.The event focused on findings from a recently concluded field-level survey in the Sundarbans area.The survey explored rural financing trends, access...

MIDLAND BANK HOLDS 12TH ANNUAL GENERAL MEETING

The 12th Annual General Meeting (AGM) of the Midland Bank PLC (MDB) was held in a hybrid mode recently, with physical presence of shareholders at the BN Sagorika Hall, Naval Headquarters, Dhaka. Chairman of the bank Ahsan Khan Chowdhury presided over the AGM attended by Rezaul Karim, Chairman, Executive Committee;...

EBL Partners with Akij Takaful to offer Islamic Life Insurance

Eastern Bank (EBL) has entered into a bancassurance partnership with Akij Takaful Life Insurance to offer a range of Shariah-compliant life insurance solutions to its customers. The introduction of takaful products through EBL's extensive branch network will make Islamic life insurance more accessible to a broader customer base, helping to...

Bizli Cables provides financial support for injured electricians

Bizli Cables, a leading cable brand from RFL Group, has provided financial support for the medical treatment of registered electricians injured in electrical accidents. As part of this initiative, financial aid was recently handed over to the families of Md. Jahangir Mia from Brahmanbaria and Md. Ismail from Munshiganj. Shah...