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

Wage Board seeks authority to enforce recommendations thru mobile courts

The Minimum Wage Board has sought the authority to enforce its wage recommendations through mobile courts in the country's industrial sectors.In a proposal submitted to the labour and employment ministry on November 6, the board called for incorporating new provisions into the labour law to facilitate this.The proposals signed by...

BTTC urges NBR to cut import duties on dates before Ramadan

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the revenue authorities reduce import duties and taxes on dates to ensure a sufficient supply ahead of the upcoming fasting month of Ramadan.In a recent letter to the National Board of Revenue (NBR), it suggested extending the exemption until March...

Pragati Life settles Tk 3,052m in claims in 9 months

Pragati Life Insurance Limited has successfully settled Tk 3,052 million in claims over the first nine months of 2024, from January to September, marking an 11.73 per cent increase compared to the same period last year. The company processed a total of 98,266 claims during the first three quarters of...

UPGDCL Wins SAFA Best Annual Report Award

United Power Generation and Distribution Company Limited (UPGDCL), a concern of United Group, has been awarded the SAFA Best Presented Annual Report Award 2023 in the Power and Energy category, a prestigious recognition from the South Asian Federation of Accountants (SAFA) that highlights excellence in corporate reporting and transparency across...

MIDLAND BANK LAUNCHES AUTOMATED ATM & POS RECONCILIATION SYSTEM

Midland Bank has implemented a cutting-edge ATM & POS Reconciliation System in partnership with Flora Systems, based in Dhaka, and Thinkprise Solutions Pvt. Ltd., headquartered in Chennai, Tamil Nadu, India. This new system will streamline the bank's daily transaction reconciliation processes. The system is designed to reduce turnaround times (TAT),...

MODHUMOTI BANK EXECUTIVE COMMITTEE MEETING HELD

The 128th meeting of the Executive Committee of Modhumoti Bank PLC was held at the bank's Head Office in Dhaka on Thursday. The meeting was presided over by EC Chairman Salahuddin Alamgir. Among others, Mohammad Ismail Hossain, Nemai Kumar Saha, Humayun Kabir Bablu, Manwar Hossain and Managing Director & CEO...

EASTERN BANK OPENS SUB-BRANCH AT UTTARA

M Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank PLC. (EBL), formally inaugurates a sub-branch of the bank at Lake Drive Road at Sector 7 of Uttara in the city on Thursday. EBL Branch Area Head-Dhaka Farzana Ali, Manager of the sub-branch Rokib Ahmed Mojumder, senior...

ISLAMI BANK WINS 3 VISA PAYMENT EXCELLENCE AWARDS

Islami Bank Bangladesh PLC achieved Visa Payment Excellence Awards-2024 in three categories. The bank won the awards in 'Excellence in Consumer Cards-Debit', 'Excellence in Islamic Banking Cards' and 'Excellence in E-Commerce Payments' categories. Md Maznuzzaman, Mohammad Rezaul Karim and Md Mosharraf Hossain, executive vice presidents of Islami Bank, received the...

FIRST SECURITY ISLAMI BANK OPENS BAKILABAZAR SUB-BRANCH

First Security Islami Bank PLC inaugurated Bakila Bazar Sub-Branch in Chandpur on Wednesday. Md. Abdus Salam, EVP and Head of General Services Division of the bank, inaugurated the Sub-Branch as the chief guest. Shamsul Karim Mazumder, Head of Cumilla Zone, Shah Amran Farazi, Manager of Hajiganj Branch, along with other...

SOCIAL ISLAMI BANK BOARD MEETING HELD

Social Islami Bank held its 521st Board meeting at the bank's head office in Dhaka on Thursday. Chairman of the bank Dr M Sadiqul Islam presided over the meeting. Vice Chairman Maksuda Begum, and Directors Md Morshed Alam Khondoker and Md Anwar Hossain were present at the meeting. Managing Director...

Cash-strapped US farmers switch to generic crop chemicals

US farmers struggling with slumping incomes and depressed grain prices have been switching to cheaper generic pesticides and fungicides as they plan for spring planting next year, which market analysts said could hit the bottom lines of agrichemical companies like Bayer, reports Reuters.Signs of these financial impacts are already emerging....

Siemens posts record profits

BERLIN, Nov 14 (AFP): German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months.Siemens netted nine billion euros ($9.5 billion) in cash between October 2023 and September 2024, a...