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

REHAB calls for revoking 'discriminatory' and 'flawed' DAP

Terming the latest Detailed Area Plan (DAP) 2022-2035 'discriminatory' and 'flawed', the country's realtors on Wednesday urged the interim government to revoke it and implement the previous DAP 2010.The Real Estate and Housing Association of Bangladesh (REHAB) also said the house building sector, which has been suffering from multifarious challenges...

NBR aims to improve tax-GDP ratio to address chronic budget deficits

The National Board of Revenue (NBR) has initiated measures to improve Bangladesh's tax-GDP ratio, aiming to break free from the persistent culture of deficit budgets that has plagued the country since independence, reports UNB."Increasing the tax-GDP ratio remains a significant challenge for the NBR," said an official document. "There is...

Prime Bank offers support for injured protesters

Prime Bank Limited (PBL) is interested in helping treat injured and maimed protesters of the recent movement that toppled Sheikh Hasina's regime on August 05."Prime Bank is eager to come forward and contribute to treating injured and maimed protesters currently receiving treatment at various hospitals countrywide," said PBL chairman Tanjil...

DHAKA BANK opens 32ND SUB-BRANCH

Md Mostaque Ahmed, Deputy Managing Director & CEMO of Dhaka Bank PLC, inaugurated its 32nd Sub-branch in Tongi under Sonargaon Janapath Branch, Dhaka on Monday. Tipu Sultan, SEVP & Head of Islamic Banking Division, Altamas Nirjhor, SVP & Head of General Services Division, and H.M. Mostafizur Rahaman, Head of Retail...

Bengal Commercial Bank Holds Board Meeting --

Bengal Commercial Bank PLC (BGCB) held its 32nd meeting of the Board of Directors at the bank's Head Office in Gulshan, Dhaka, on Wednesday. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Mahbubul Alam and Ghulam Mohammed Alomgir, Vice Chairmen of the bank; members of the Board...

Target raises profit forecast after price cuts boost sales

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores, reports Reuters.Shares of the Minneapolis-based retailer rose 13.8 per cent in premarket trading, after the chain said it...

Rise in UK borrowing narrows budget options for new govt

LONDON, Aug 21 (AFP): UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.Finance minister Rachel Reeves has already warned of "difficult decisions" over whether to cut...

China's Didi Global swings to profit in Q2

SHANGHAI, Aug 21 (Reuters): China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million yuan loss a year earlier as it continues to build back its business badly hit by a regulatory crackdown.The company saw...

Turkish central bank holds rates at 50pc for fifth month

ISTANBUL, Aug 21 (Reuters): Turkey's central bank held interest rates steady at 50 per cent for a fifth straight month on Tuesday as expected, and repeated it remains vigilant to inflation risks even as it expects disinflation to continue.In a hint of when rates might come down, the bank said...