Govt Plans 20% Source Tax on Bank-Interest for Public Universities

LankaBangla Finance PLC and STS Capital Ltd, a subsidiary of STS Group, have collaborated with Mastercard to launch a co-branded credit card tailored for employees, teachers, and guardians associated with the STS education network, which includes Universal College Bangladesh (UCB), International School Dhaka, and Glenrich International School. 

The Bangladesh Economic Association (BEA), which consists of economic graduates, has rejected the formation of an ad hoc committee established by defeated members following the recent election. The newly elected officials of the BEA pointed out that this group announced the creation of the ad hoc committee through various media outlets.

United Commercial Bank (UCB) has signed an agreement with BAF Shaheen College Chattogram to improve the tuition fee payment process. The agreement was signed at BAF Base Zahurul Haque in Patenga, Chattogram, during a ceremony attended by senior officials from both institutions. The collaboration introduces a specially designed online payment platform, a dedicated collection booth, Upay, and various alternative channels to streamline fee collection.

United Commercial Bank (UCB) PLC has signed a memorandum of understanding (MoU) with Buet Graduates Club Limited to introduce a co-branded credit card specifically for alumni of the Bangladesh University of Engineering and Technology (Buet). The co-branded credit card aims to provide club members with enhanced convenience in financial transactions and access to the full range of benefits offered by the bank’s credit card services.

As part of Dhaka Bank's CSR program, an agreement was signed with Sher-e-Bangla Agricultural University to distribute rice, vegetable, and fruit seedlings, along with fertilizers and pesticides, to 1,000 flood-affected farmers free of cost. Students from the university will provide advisory services to support the farmers throughout the season. The agreement was signed on 19 September 2024 by representatives of Dhaka Bank and Sher-e-Bangla Agricultural University.

Khan Brothers PP Woven Bag Industries has decided to sell its ownership to BSB-Cambrian Education Group due to ongoing financial difficulties stemming from a severe working capital shortage. This decision follows a recent directive from the Bangladesh Securities and Exchange Commission (BSEC) to investigate a notable surge in Khan Brothers' stock prices on the Dhaka Stock Exchange.