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

32.34pc factories fail to pay wages for February

About 32.34 per cent or 3,266 industrial units, including readymade garment (RMG) factories operating across the country under the jurisdiction of Industrial Police (IP) failed to pay wages for the month of February until Sunday as per the government instruction.On the other hand, nearly 63.45 per cent or 6,408 factories...

Restore 20pc cash incentive for handicraft exports

The Ministry of Industries has submitted a proposal to restore a 20 per cent cash incentive on handicraft exports, responding to a request from industry representatives seeking stronger policy support for the sector.In an official communication issued on March 3, the ministry forwarded an application from Banglacraft urging the government...

BSEC, ADB discuss strategies to boost capital market to 40pc of GDP

The Bangladesh Securities and Exchange Commission (BSEC) and the Asian Development Bank (ADB) have charted a transformative course to quadruple the size of the national capital market, aiming to elevate its contribution from the current 10 percent of GDP to at least 40 percent within the next three years, reports...

Tk 2.77tn distributed among over 40m clients in FY 25: MRA

Under the initiative of the Microcredit Regulatory Authority (MRA), a regional seminar titled "Bank-MFI Linkage" was held at the auditorium of Gram Unnayan Karma (GAK), a microfinance institution based in Bogura, on Saturday.Chief Executive Officers from 68 MRA-licensed microfinance institutions operating in Bogura, Sirajganj, Pabna, and Joypurhat districts attended the...

Abnormal price hikes making life difficult: CAB

Speakers at a protest rally on Sunday expressed grave concern over the proliferation of adulterated products and the abnormal price hikes of essential commodities, stating that these factors have made life unbearable for the common people, reports UNB.The Consumers Association of Bangladesh (CAB) organized the rally and a protest meeting...

Mercantile Bank arranges training on sustainable and green financing

Mercantile Bank Training Institute has recently organised a comprehensive training programme on "Sustainable and Green Financing". Mati Ul Hasan, Managing Director of the bank, was present as the chief guest, while Shah Md. Sohel Khurshid, DMD & CCO, attended the event as the special guest. S.M. Salim Uddin, Head of...

IDCOL-financed 18.69 MWp rooftop solar project of Akij Ceramics Ltd inaugurated

The 18.69 MWp rooftop solar project of Akij Ceramics Ltd financed by Infrastructure Development Company Limited (IDCOL) was inaugurated in Trishal today, marking a major step in Bangladesh's industrial clean energy transition. Ulrich Kleppmann, Head of Development Cooperation, German Embassy Dhaka, attended the event as the chief guest, while Michael...

NRB Bank becomes Mastercard principal member

Mastercard has handed over principal membership licensing to NRB Bank PLC, enabling the bank to issue Mastercard credit card, debit card, prepaid card and SME card products in Bangladesh. Through this partnership, NRB Bank will offer its customers secure and seamless domestic and international payment solutions across ATM, POS, and...

BB issues new rules for bank dividend reporting

Bangladesh Bank (BB) has come up with a new directive mandating all scheduled banks to report any dividend declaration against shares within 7 days of their respective board meeting.The central bank issued the instruction to safeguard the interests of depositors and ensure the overall financial stability of the country's banking...

Govt to form fact-finding committee to probe price disparities: Muktadir

CHATTOGRAM, March 15 (BSS): Commerce, Industries, Textiles and Jute Minister Khandaker Abdul Muktadir today announced the formation of a Fact-Finding Committee to investigate the unacceptable price gap between wholesale and retail markets.He said the Ministry of Commerce will establish the Fact-Finding Committee to identify the actual causes behind the irrational...