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

Govt moves to repeal tax exemption on donations to institutions named after Sheikh Mujib

FE REPORTThe interim government moves to repeal a controversial tax provision that grants tax exemptions on donations made to the institutions named after Sheikh Mujibur Rahman. Under the provision, individual taxpayers are eligible for tax rebates on the amount donated to these institutions.Tax authorities are also reviewing and identifying beneficiaries...

Finance Adviser Dr Salehuddin Ahmed speaks at a press conference

Finance Adviser Dr Salehuddin Ahmed speaks at a press conference on the '100 days of interim government' at the Multipurpose Hall of the finance ministry in the city on Tuesday. —PID | Story on Page 8

10th Leathertech expo kicks off Nov 21

The 10th edition of 'Leathertech Bangladesh 2024', an international technology tradeshow focused on leather, footwear machinery, shoe materials, chemicals, and accessories for the footwear and leather goods sector, is going to be held at the International Convention City Bashundhara (ICCB) in Dhaka on November 21-23.With nearly 200 exhibitors from 10...

BD to receive $1.1b from ADB, WB by Dec

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday.He made the disclosure during a press conference at the Ministry of Finance, organised marking the interim government's 100-day...

MIDLAND BANK, BP MANUFACTURING SIGN CASH MANAGEMENT ARRANGEMENT

MIDLAND BANK, BP MANUFACTURING SIGN CASH MANAGEMENT ARRANGEMENTA Memorandum of Understanding (MoU) was signed between Midland Bank PLC and BP Manufacturing (BD) Co. Ltd. at the company's headquarters in Uttara EPZ, Nilphamari, recently. The agreement pertains to the implementation of the bank's online Cash Management solution -- the "Midland Cash...

ISLAMI BANK SHARI'AH SUPERVISORY COMMITTEE MEETING --

ISLAMI BANK SHARI'AH SUPERVISORY COMMITTEE MEETING A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held at Islami Bank Tower in Dhaka on Tuesday. Mufti Sayeed Ahmed, Chairman of the committee, presided over the meeting. Obayed Ullah Al Masud, Chairman of the bank, and Mohammed Monirul...

EASTERN BANK HOLDS AGENT BANKING WORKSHOP

EASTERN BANK HOLDS AGENT BANKING WORKSHOP Eastern Bank hosted the Annual Agent Banking Workshop 2024 at the bank's head office at Gulshan in Dhaka recently. The workshop included training and discussion sessions for EBL agents. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking, and Sharfuddin...

Abu Jafar new DMD of Al-Arafah Islami Bank

S M Abu Jafar has recently been promoted to Deputy Managing Director (DMD) of Al-Arafah Islami Bank PLC, says a statement.Before assuming his new role, Mr Jafar served as Senior Executive Vice President since 2021. With a banking career spanning over two decades, he began his professional journey in 2000...

IFIC BANK LAUNCHES 'IFIC SOMRIDDHI' WORKSHOP

IFIC BANK LAUNCHES 'IFIC SOMRIDDHI' WORKSHOP To mark the International Women's Entrepreneurship Day, IFIC Bank has launched 'IFIC Somriddhi' workshop, a new initiative designed to empower female entrepreneurs across Bangladesh. As part of this initiative, IFIC Bank has trained and certified 105 women entrepreneurs. "Through 'IFIC Somriddhi,' we aim to...