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

Govt sets min. wage for cold storage workers at Tk 14K, with 5pc annual increment

The government has fixed Tk 14,000 as a minimum monthly wage for workers of the country's cold storage sector, which marks an increase of over 131 per cent.It has also incorporated a provision of a 5.0-percent annual increment.To this effect, the labour and employment ministry issued a gazette notification on...

Commerce adviser seeks policy reform proposals from ICAB

Commerce Adviser Sk. Bashir Uddin has urged the Institute of Chartered Accountants of Bangladesh (ICAB) to put forward specific policy reform proposals for the country's financial sector, particularly focusing on the direct and indirect tax regimes.The call came during his visit to the ICAB on Thursday, says a statement. The...

Global EV sales hit record high

Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday, reports Reuters.China continued to lead sales growth, accounting for almost 70% of...

ISLAMI BANK CHAIRMAN VISITS CONSULATE GENERAL IN JEDDAH

Obayed Ullah Al Masud, Chairman of Islami Bank Bangladesh PLC (IBBPLC), visited the Bangladesh Consulate General in Jeddah on Thursday and held discussions with Miah Md Mainul Kabir, Consul General of Bangladesh. They discussed the challenges facing the expatriates in Saudi Arabia and the role of IBBPLC in facilitating remittance...

NRBC BANK PROVIDES COLLATERAL-FREE LOANS TO WOMEN

NRBC Bank is supporting the development of disadvantaged communities in char and haor areas by offering financial services aimed at improving their lifestyles. As part of its initiative, the bank is providing collateral-free loans to women, enabling them to become entrepreneurs. At a loan disbursement ceremony held in Gaibandha on...

Shimanto Bank holds BAMLCO & DAMLCO Conference

Shimanto Bank has arranged a "Branch Anti-Money Laundering Compliance Officers and Departmental Anti-Money Laundering Compliance Officers Conference 2024" recently. AKM Ehsan, Acting Head of Bangladesh Financial Intelligence Unit (BFIU), was present as the chief guest and Rafiqul Islam, Managing Director & CEO of Shimanto Bank, as a special guest. The...

Gold could extend record run into 2025, Heraeus says

Gold could extend its record run into 2025 as further interest rate cuts from major central banks and the prospect of a weaker dollar will boost demand for the safe-haven asset, according to Heraeus Precious Metals, reports Reuters.Heraeus, a global leader in the precious metals business, expects gold prices to...

Nothing was done to explore gas sources over 15 years: Adviser

NARSINGDI, Dec 14 (UNB): No effort was made in the past 15 and a half years to explore new gas sources and Bapex (Bangladesh Petroleum Exploration and Production Company ) was kept idle , said Industries adviser Adilur Rahman Khan on Saturday.The adviser made the remarks while responding to questions...

New governing body of CDF elected

The new governing body of Credit and Development Forum (CDF) for 2024-2027 has been elected with Executive Director of Peoples Oriented Programme Implementation Murshed Alam Sarkar as its chairman and Chief Operating Officer of BIZ Iqbal Ahammad as vice chairman.On the other hand, Mohammad Rabiul Islam of Disha was elected...

NRB BANK HOLDS 'AML & CFT CONFERENCE'

NRB Bank PLC organised an 'AML & CFT Conference 2024' at the bank's Corporate Head Office in Dhaka on Friday to raise awareness among employees about prevention of money laundering & combating terrorism financing. Head of BFIU (Acting) A.K.M. Ehsan inaugurated the conference as the chief guest while Managing Director...

BARI hosts Workshop for Agricultural Machinery Stakeholders

The Farm Machinery and Postharvest Process Engineering Division (FMPE) of Bangladesh Agricultural Research Institute (BARI) hosted a workshop for agricultural machinery stakeholders at the FMPE Seminar Room on Saturday. The programme was funded by FMD project. Director General of BARI Dr. Md. Abdullah Yousuf Akhond presided over the session while...

PRAN-RFL CEO RECEIVES 'C-SUITE AWARD'

Ahsan Khan Chowdhury, Chairman and CEO of PRAN-RFL Group, received the 'Bangladesh C-Suite Awards 2024' for his outstanding contribution to the corporate sector. He was awarded in the 'Chief Executive Officer of the Year' category (FMCG). Also, RFL Group Managing Director RN Paul received the award in 'Managing Director of...

BERGER PAINTS COO HONOURED

Md Mohsin Habib Chowdhury, Chief Operating Officer and Director of Berger Paints Bangladesh Limited, has been honoured with the prestigious Chief Operating Officer (COO)/Operation Director of Year 2024 award at the Bangladesh C-Suite Awards ceremony held at a hotel in Dhaka on Thursday.

CHARTERED LIFE CEO WINS 'C-SUITE AWARD'

S M Ziaul Haque, Chief Executive Officer (CEO) of Chartered Life Insurance PLC, has been awarded as 'The Best CEO of the Year 2024' award at the 'Bangladesh C-Suite Awards 2024' ceremony held at a hotel in the city on Thursday.

US court rejects TikTok request to halt pending US ban

WASHINGTON, Dec 14 (Reuters): TikTok must now move quickly with a request to the Supreme Court to block or overturn a law that would require its Chinese parent ByteDance to divest of the short-video app by Jan. 19 after an appeals court on Friday rejected a bid for more time.TikTok...