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

Decathlon strengthens local leadership to drive next phase of growth in Bangladesh

Decathlon shares a landmark moment in Decathlon Bangladesh's journey: the appointment of Sayef Ahmed as the new Country Production Leader, marking a pivotal moment in Decathlon's journey in the country, says a press release. This leadership transition is more than just a milestone. It represents a renewed focus on local...

US says Indonesia to cut tariffs, ease critical mineral limits with deal

WASHINGTON, July 23 (AFP): The US tariff deal with Indonesia is set to ease critical mineral export restrictions from the Southeast Asian country to the United States, the White House said Tuesday, as President Donald Trump hailed a "huge win" for companies.The deal, first announced last week, notably lowered a...

Cold storage owners for adding potatoes to spl rice sales drive

FE REPORTCountry's cold storage owners have urged the government to include potato to be sold along with rice among 5.5 million poor people under its special food-friendly programme, scheduled to begin in next month.Under the special programme, the government is set to sell rice at Tk 15 per kg among...

Midland Bank, TF Industrial sign cash management deal

A Memorandum of Understanding (MoU) was signed between Midland Bank PLC (MDB) and TF Industrial Co., Ltd. at the bank's Head Office recently. TF Industrial Co., Ltd. is a 100 per cent Chinese owned manufacturing company in Bangladesh. Established in November?2023 and located in Gazipur, the company manufactures baby diapers...

Social Islami Bank, Ramada sign corporate deal

Social Islami Bank, Ramada sign corporate dealAn agreement was signed between Social Islami Bank PLC and Ramada by Wyndham Cox's Bazar Kolatoli Beach on Wednesday at the head office of the bank. In presence of Shafiuzzaman, Managing Director of Social Islami Bank, the agreement was signed by Mohammad Wahiduzzaman, Head...

Saudi delegation aims to invest billions in Syria

RIYADH, Saudi Arabia, July 23 (AFP): A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference aimed at securing billions of dollars in deals to help rebuild war-battered Syria.The oil-rich Gulf kingdom has been one of the major backers of the new Syrian government...

Trump agrees to small cut in Philippine tariffs

WASHINGTON, July 23 (AFP) : US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos.Welcoming Marcos to the White House, Trump called him a "very tough negotiator" and said:...

Al-Arafah Islami Bank completes transparent hiring, assessment

Al-Arafah Islami Bank PLC has conducted several internal and external audit assessments on transparency of banking activities, risk management, efficient human resource management and quality of financial reporting, says a press release. Various auditors and regulatory authorities have observed that the Bank has not followed the proper process in the...

AB Bank PLC. handed over two battery-run vehicles to Islamic University of Technology (IUT)

AB Bank PLC. handed over two battery-run vehicles to Islamic University of Technology (IUT) for providing transportation support for its teachers, students and other staffers. Z M Babar Khan, Additional Managing Director of AB Bank, handed over keys of the vehicles to Prof. Dr. Mohammad Rafiqul Islam, Vice Chancellor of...

Tax return not mandatory for 'Savings Certificates' up to Tk 1.0m

The government has announced that individuals could purchase 'Savings Certificates' up to Tk 10 lakh without showing income tax return submission documents, reports UNB.However, an income tax return will still be mandatory for investments exceeding this amount. Previously, the threshold for exemption was Tk 5 lakh.The National Savings Directorate, under...

Md Maroof appointed MD of SABINCO

With a career spanning over two decades, Mr Maroof is a distinguished leader in the banking and financial services sector, specializing in debt capital markets, loan syndications and advisory services, says a press release.He began his professional journey in 2002 at Arab Bangladesh Bank Limited and quickly rose through the...