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

Guests attend a programme titled 'Bangladesh Development Update: Special Focus - A Business Environment

Guests attend a programme titled 'Bangladesh Development Update: Special Focus - A Business Environment that Delivers Jobs' at the PRI conference room on Monday. PRI Chairman Dr Zaidi Sattar and senior economist at the World Bank Dr Dhruv Sharma were present. — FE Photo

'Ucchash Card' of IPDC brings new dimension

IPDC Finance PLC has officially launched "IPDC Ucchash Cards," a new customer privilege platform designed to provide exclusive lifestyle benefits, special discounts, and value-added experiences for its customers.The newly introduced card is non-payment and non-credit privilege card that enables IPDC customers to enjoy a wide range of partner offers across...

Transport ministry seeks Tk 4.0b grant to procure 100 EVs for BRTC

REZAUL KARIMThe road transport and bridges ministry has sought a Tk 4.0 billion grant from the finance ministry to procure 100 electric buses for the Bangladesh Road Transport Corporation (BRTC) fleet.The move is aimed at developing an environmentally friendly and sustainable public transport system in the country, officials said.As part...

High taxes fuelling illicit tobacco market: Experts

FE REPORTThe government continues to lose revenue due to the growth of the illicit tobacco market amid higher tax rates, said researchers at a programme on Monday. The purposes of the higher taxes on cigarettes are to generate revenue and discourage people from smoking on health grounds but the existing...

BRAC Bank leads low-interest loan disbursement

BRAC Bank and the participating banks have extended instant loan facilities to marginalised farmers and smallholder traders in Sirajganj under Bangladesh Bank's refinancing scheme for Tk 10/50/100 account holders. Under the guidance of Bangladesh Bank's Financial Inclusion Department, BRAC Bank, as the lead bank, organised an open loan programme to...

Excessive reliance on indirect taxes pushing up inflation: Speakers

Excessive dependence on indirect taxes is placing an additional financial burden on the public through inflationary pressure as well as discouraging investment growth, speakers at a discussion on Monday said.Keeping this in view, they suggested bringing massive structural reform, digitisation of tax systems, reducing standard VAT rate, and imposing higher...

Trust Bank signs deals with BB for two refinance schemes

Trust Bank PLC has signed two agreements for refinance schemes initiated by Bangladesh Bank to support the development of CMSME clusters and MSMEs across the country.The signing ceremony presided over by Nurun Nahar, Deputy Governor of Bangladesh Bank, was held on Monday. Among others, Husne Ara Shikha, Executive Director of...

Citizens Bank holds training on Islamic banking operations

Citizens Bank holds training on Islamic banking operations Citizens Bank arranged a training programme on Islamic banking operations at its Training Academy recently. Alamgir Hossain, Managing Director of the bank, inaugurated the event as the chief guest and delivered an insightful speech on various aspects, scope and operations of Islamic...

SBAC Bank joins BB's Tk 30 billion CMSME cluster fund--

SBAC Bank joins BB's Tk 30 billion CMSME cluster fundSBAC Bank PLC has signed an agreement to participate in the Bangladesh Bank Refinance Fund of Tk 30.00 billion to the Cluster Financing Scheme for the CMSME sector, aimed at accelerating economic growth. In the presence of Nurun Nahar, Deputy Governor...

Shwapno brings mega offer ahead of Eid-ul-Adha

With Eid-ul-Adha approaching, the country's largest retail chain Shwapno has introduced its "Eid Mega Offer" to make festive shopping more affordable, convenient, and accessible.Under the campaign, Shwapno Online and its official mobile application are offering discounts of up to 55 per cent, along with free home delivery and exclusive benefits...