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

BIDA to add 7 new services on OSS portal to facilitate business

Bangladesh Investment Development Authority (BIDA) has signed separate Memorandums of Understanding (MoUs) with four agencies to add seven new services to BIDA's online 'one-stop service' (OSS) platform, aiming to facilitate businesses.The four agencies are Sylhet City Corporation, Rangpur City Corporation, Karnaphuli Gas Distribution Company, and Southeast Bank. BIDA Executive Member...

TotalEnergies pauses funding for Adani Group

NEW DELHI/PARIS, Nov 25 (Reuters): French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.The Indian business group's billionaire chairman, Gautam Adani, and seven other people were last week charged by US authorities...

Over 500K taxpayers file tax returns online

More than 500,000 individual taxpayers have filed their income tax returns online for FY 2024-2025.The National Board of Revenue, or NBR, said in a media statement that the milestone was reached by Sunday, reports bdnews24.com.The statement highlighted a significant increase compared to the same period last year, when 217,471 returns...

Shakir Amin promoted to AMD of NRB Bank

NRB Bank PLC has promoted Md Shakir Amin Chowdhury to Additional Managing Director (AMD).Prior to his new assignment, he has been serving as the Deputy Managing Director, says a statement.Managing Director Tarek Reaz Khan, on behalf of the Board of Directors and Senior Management, handed over the promotion letter to...

IFIC BANK DONATES DESKTOP COMPUTERS TO STUDENTS

IFIC Bank PLC, as part of its 'Stand Beside Women in Tech Advancement' campaign, donated desktop computers and educational materials to Khulna Collegiate Girls' School and KCC Women's College to inspire young women to embrace technology and enhance digital skills. Sharif Asif Rahman, Secretary of Khulna City Corporation, was present...

UCB HOLDS WORKSHOP FOR TEA CLUSTER ENTREPRENEURS

United Commercial Bank PLC (UCB) recently organised a workshop for tea cluster entrepreneurs in Panchagarh district. The event aimed to enhance financial literacy and explore growth opportunities within the tea industry. Nawshad Mustafa, Director, SMESPD of Bangladesh Bank, was present as the chief guest. Rezaul Karim Siddique, Agriculture Analyst; Muhammad...

WORKSHOP ON 'PREVENTION OF MONEY LAUNDERING' ---

A daylong workshop on 'Prevention of Money Laundering and Combating Financing of Terrorism' was organised by Bangladesh Financial Intelligence Unit (BFIU) for all scheduled bank officials of Thakurgaon district. Jamuna Bank PLC acted as the lead bank in the workshop. Md Mostakur Rahman, Director of BFIU, was present as the...

SBAC BANK HOSTS WORKSHOP ON PREVENTION OF MONEY LAUNDERING

SBAC Bank PLC organised a training workshop on 'Prevention of money laundering & combating financing of terrorism' at the Training Institute of the bank recently. Syed Golam Shahajarul Alam, Additional Director, and Mehedi Hasan, Deputy Director of Bangladesh Financial Intelligence Unit (BFIU), were present as guest speakers. Md. Altaf Hossain...

ONE BANK HOLDS TRAINING IN NOAKHALI

ONE Bank PLC organised a daylong training on 'Prevention of Money Laundering and Combating Financing of Terrorism' at the Noa Convention Centre in Noakhali for the executives and officers of Noakhali Zone Branches and Sub-branches, including Cumilla and Laksham Branch, on Saturday. Monzurul Alam Chowdhury, ADMD & CAMLCO, ONE Bank,...

Thai banks have large excess liquidity

BANGKOK, Nov 25 (Reuters): Thailand's banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday, reflecting banks' reluctance to lend.The banking system has had a lot of excess liquidity over the past 10 years, as reflected by deposits...

Investment strategies ‘must align with SDGs to drive sustainable global growth’

RIYADH, Nov 25 (Arab News): Investment strategies must be compatible with sustainable development goals to ensure economically viable and environmentally responsible global growth, a top official said at the World Investment Conference.Speaking on the first day of the Riyad-based event, James Zhan, chair of the WIC executive board, said reforming...

UAE banking sector sees 3.9pc growth in deposits

RIYADH, Nov 25 (Arab News): The UAE banking sector recorded a 3.9 per cent quarterly increase in deposits during the third quarter, driven primarily by a 5.6 per cent rise in time deposits, according to a recent report. This solid growth in deposits outpaced the 3.5 per cent rise in...

Indian farmers shift from rapeseed to other crops as temperatures soar

MUMBAI, Nov 25 (Reuters): Rapeseed and mustard planting in India is set to drop despite higher prices, as above-average temperatures during the sowing season prompt farmers to switch to crops less affected by heat and which offer equally good returns, industry officials told Reuters.Lower production of India's main winter-sown oilseed...

British business group hits out at Labour's tax hikes

LONDON, Nov 25 (AFP): British business lobby group, the CBI, on Monday hit out over the Labour government's tax hikes on firms, saying the "heavy burden" risked cuts to hiring and investment.The government's maiden budget last month contained a significant tax hike for businesses, which finance minister Rachel Reeves insisted...