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

Tax measures on plastic waste collection contradict environmental goals

Existing tax measures on the collection of plastic waste seem contradictory to the government's stance to curb environmental pollution, speakers said during a dialogue organised by Business Initiative Leading Development in the capital.Currently, a Value Added Tax (VAT) is imposed on the collection of plastic wastes while recycling is subject...

NBR faces revenue shortfall in first four months of FY25

The National Board of Revenue (NBR) has fallen behind in revenue collection for the first four months of the current FY24-25, according to officials data made available on Wednesday.The revenue collection saw a shortfall of Tk 307.67 billion at the end of October against the target of Tk 1321.12 billion,...

Amazon, IKEA join ocean cargo shippers to boost demand for new green fuels

Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on vessels powered by near-zero emissions e-fuels like e-methanol, reports Reuters.The group known as the...

Pran-RFL's new agro-processing park to create 3,000 jobs

The Kaliganj Agro Processing Limited (KAPL), an industrial park being developed by one of Bangladesh's leading conglomerates, Pran-RFL Group, is progressing rapidly. With an investment of Tk 7.5 billion already made out of a total projected investment of Tk 15 billion, the park is on track to become a major...

BRAC BANK CONDUCTS CPR AND FIRST AID TRAINING

Reinforcing its commitment to a healthy workplace, BRAC Bank recently hosted an awareness training programme focused on life-saving cardiopulmonary resuscitation (CPR) and First Aid techniques for its coworkers. A total of 50 Dhaka-based officials took part in the training. From now on, they will work as CPR and First Aid...

COLLEGE STUDENT WINS TK 2M IN WALTON'S 'DOUBLE MILLION' OFFER

Md Rashed Ali, a college student from Meherpur, has won Tk 2.0 million after purchasing a Walton brand refrigerator as part of the company's ongoing 'Digital Campaign Season-21'. The Season's 'Double Million' offer, which started on October 10, provides customers with the chance to win significant cashbacks, when purchasing fridge,...

Bitcoin rises above $90,000

Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as US president and his administration will be a boon for cryptocurrencies, reports Reuters.The world's biggest cryptocurrency has become one of the most eye-catching movers in the week...

Update labour law, ensure decent working conditions in RMG sector

Bangladesh needs to work more on updating its labour law, regulations and policies for ensuring decent working conditions in its garment sector and achieving sustainable development goals by 2030.Even though Bangladesh is about to graduate from the least developed country (LDC) status, there is still a lot of work to...

Chief Adviser Prof Muhammad Yunus holds talks with Social Business Group

Chief Adviser Prof Muhammad Yunus holds talks with Social Business Group on the sidelines of the 29th Conference of Parties (COP29) in Baku, Azerbaijan on Wednesday.—PID

Global luxury sales to fall 2pc in 2024, among weakest years on record

MILAN, Nov 13 (Reuters): Sales of personal luxury goods are set to fall 2 per cent this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry's customer base, according to consultancy Bain & Company.In its closely-watched report on the 363-billion-euro ($386...

France-Bangladesh chamber hosts networking event

The France Bangladesh Chamber of Commerce and Industry (CCIFB) on Wednesday arranged a business networking event, with a focus on internal development and strengthened bilateral ties between the two countries' businesspeople.It hosted senior executives, entrepreneurs, and industry experts from both countries at a hotel in the capital.The chamber highlighted key...

Global EV sales up 35PC in October

Global sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, led by a 54 per cent jump in sales in China, market research firm Rho Motion said on Wednesday, reports Reuters.European sales rose just 0.8 per cent, but were...

IBCF meeting reviews Islamic Banking Act-2024

A meeting of Islamic Banks Consultative Forum (IBCF) was held recently, with Mohammad Abdul Mannan, the Chairman of IBCF and First Security Islami Bank PLC, in the chair. The meeting discussed in details the proposed draft of Islamic Banking Act-2024 published by Bangladesh Bank. The meeting was attended by Mohammed...

Islami Bank relocates Kanchpur Branch

The Kanchpur Branch of Islami Bank Bangladesh PLC has been shifted to Habibullah Tower, Kanchpur, Narayanganj. Mohammed Monirul Moula, managing director of the bank, inaugurated the branch at the new location on Tuesday as the chief guest.

bKash wins 'Visa Payment Excellence Awards-2024'

bKash, the country's largest mobile financial services (MFS) provider, has won the "Visa Payment Excellence Awards-2024" in two categories for its significant contribution to the digital payment ecosystem. By enabling highest volume of transactions through bKash wallet, the company has won in the "Wallet Partnership" category for three times in...