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

Electrolyte drinks, 15 more products need BSTI nod

The Bangladesh Standards and Testing Institution (BSTI), the country's product quality control and certification agency, brought electrolyte drinks under its mandatory standard certification scheme along with 15 other products, bringing their companies under regulatory grip.In addition to electrolyte drinks, the 15 other products are: printed silk sarees, dishwashers, washing machines,...

National Housing Finance approves 10pc cash dividend

The 25th Annual General Meeting (AGM) of National Housing Finance PLC was held on a virtual platform on Wednesday. In the meeting, the shareholders of the company have approved a 10 per cent cash dividend for the year 2023. The meeting was presided over by Mahbubur Rahman, Chairman of the...

Sammilita Babosayee Parishad calls for reforms within FBCCI

The Sammilita Babosayee Parishad has called for significant reforms within the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).They also urged abolition of the current quota and nomination systems in favour of direct elections for all leadership positions.The parishad emphasised that these reforms should precede any elections, along with...

Hasmot Ali elected Chairman of Union Insurance

The 24th virtual Annual General Meeting of Union Insurance Co. Ltd. was held on Sunday. The AGM was presided over by Vice Chairman of the Company Mohammed Hasmot Ali. The shareholders approved 10% cash dividend and expressed their satisfaction with the overall business performance of the company, says a statement....

Al-Arafah happy to be partner in development

Al-Arafah Islami Bank PLC Chairman Khawaja Shahriar said on Sunday the bank was playing an important role in the country's agriculture, economy, trade, industry and infrastructure development. "We are happy to be a proud partner in the overall development and prosperity of the country," he said at an event held...

B’baria's 'Chhanamukhi' gains GI status

Chhanamukhi, a unique and beloved sweetmeat from Brahmanbaria, has been recognized as a Geographical Indication (GI) product, reports BSS.Assistant Director of the Department of Patents, Designs and Trademarks (DPDT) Md Majnu Bhuiyan confirmed on Sunday that Bangladesh became one and only owner of the product.Brahmanbaria's Chhanamukhi sweet has been registered...

Eastern Bank opens Priority Center in Sylhet town

Ali Reza Iftekhar, Managing Director and CEO of EBL, inaugurates the 22nd Priority Center of the bank for premium customers at their Upashahar Branch in Sylhet town on Sunday. EBL Deputy Managing Director and Head of Retail and SME Banking M. Khorshed Anowar, Head of Business Syed Zulkar Nayen, Head...

Social Islami Bank "Foundation Training on Banking"

Social Islami Bank launched three week-long foundation training on banking of the newly-joined probationary officers on 29 September at the bank's head office. Maksuda Begum, Vice Chairman & Chairman of EC Committee of Social Islami Bank PLC, inaugurated a three-week foundation training on banking for the newly-recruited probationary officers of...

UN pledges full support for Bangladesh’s smooth LDC graduation

UN Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Rabab Fatima, has met Chief Adviser Prof Muhammad Yunus and assured him of her office's full support for Bangladesh's smooth transition toward LDC graduation, reports UNB.The meeting was held in New...

UAE keen to invest in Chattogram port

The United Arab Emirates (UAE) is keen to invest in Chattogram port for financial benefit of the both countries.UAE ambassador in Bangladesh Abdullah Ali Al Hamoudi on Sunday expressed the interest in a meeting with Adviser of the Interim Government on Shipping, Textiles, and Jute Brigadier General (Retd) M Sakhawat...

Sonali Bank observes Int'l Day for Access to Information

Sonali Bank PLC observed International Day for Universal Access to Information with the theme 'Mainstreaming Access to Information and Participation in the Public Sector'. In this connection, the bank arranged a rally in front of its head office on Sunday. Sonali Bank CEO and Managing Director (Current charge) Sanchia Binte...

Rupali Bank observes Int'l Day for Access to Information

Rupali Bank PLC observed International Day for Universal Access to Information with the theme 'Mainstreaming Access to Information and Participation in the Public Sector'. In this connection, the bank arranged a rally in front of its head office on Sunday. Rupali Bank Managing Director (Current charge) Parsuma Alam, Deputy Managing...

Turkey's entry to BRICS ‘to benefit entire world’

MOSCOW, Sept 29 (TASS): The possible membership of Turkey in BRICS will benefit not merely Ankara alone but the entire world, Speaker of the Grand National Assembly (the parliament) of Turkey Numan Kurtulmus said in an interview with TASS First Deputy Director General Mikhail Gusman."Turkey's presence in BRICS will indeed...

US auto sales could fall by 25,000 a year under rules barring Chinese vehicles

WASHINGTON, Sept 29 (Reuters): The Commerce Department said Friday that US auto sales could drop by up to 25,841 vehicles a year and prices rise if proposed rules go ahead that would ban Chinese vehicles that connect to the internet and key Chinese software and hardware.US automakers and others selling...

China cuts rates, injects liquidity

BEIJING, Sept 29 (Reuters): China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing ramps up stimulus to pull economic growth back towards this year's roughly 5 per cent target and fight deflationary pressures.More fiscal measures are expected to be announced before China's...