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

US buyers pile pressure on Congress for GSP renewal

American buyers have been mounting pressure on the Congress for renewal of GSP (generalised system of preferences) as they are compelled to pay higher taxes for importing Bangladeshi goods since expiry of the facility in July 2013, trade diplomats have said. The Bangladesh embassy in Washington informed the Ministry of...

Pvt helicopter service gaining popularity in Bangladesh

Private helicopter and air ambulance service have emerged as one of the potential investment areas in the country as businessmen and other skilled professionals now prefer the chopper service to avoid long travels and wastage of time, industry insiders said. People have even booked helicopters in advance before and after...

Short-termism causes financial crisis : Atiur

Bangladesh Bank (BB) Governor Dr Atiur Rahman said short-termism was one of the root causes of the global financial crisis which originated in the advanced economies. The governor's observation came in the Ethics and Finance session of the high level IMF Conference on Future of Finance, held at George Washington...

RHD moves to build country part sans Myanmar nod

The Ministry of Road Transport and Bridges moves to construct the country part of the Bangladesh-Myanmar friendship road as the other side delayed its readiness for a fresh joint survey on the route, official sources said. A consensus was reached at foreign ministry levels of the two countries recently to...

Yunus Social Business Centre to be opened at UNSW

The University of New South Wales (UNSW), Australia has decided to open Yunus Social Business Centre that will work on promoting the social business concept as well as its practice as a way to tackle social problems. The UNSW, located in Sydney, made the announcement when Nobel Laureate Prof Dr...

News Briefs

ICMAB chief meets CIPFA delegation President of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) Mohammed Salim met a delegation of the Chartered Institute of Public Finance and Accountancy (CIPFA) during his recent visit in UK. He met CEO Rob Whiteman, Director of Education Adrien Pulham and Head...

Photo: President of the Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Photo: The Westin Dhaka arranged a charity run in the city

Proposal to give cash incentives to 37 more agro products under scrutiny

The government is scrutinising a proposal of the apex trade body FBCCI for providing cash incentive to a number of products to help boost the country's exports, sources said. The Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) recently placed the proposal to the Ministry of Commerce (MoC), seeking...

Middle income status will change BD ties with UN, hopes Walker

Outgoing United Nations (UN) resident coordinator in Dhaka Neal Walker has said the expected elevation of Bangladesh's status as a Middle Income Country in next few years would result in a changed pattern of its ties with the UN. "We hope to see an evolution of the UN partnership in...

Tk 20.52b nets, 2.09m tonnes Hilsha \\\'seized in 8 days\\\'

Current nets worth Tk 20.52 billion and 2.09 million tonnes of Hilsha were seized in eight days since the 11-day ban on catching, selling and transportation of Hilsha began on October 5, said Fisheries and Livestock Minister Muhammed Sayedul Hoque on Monday. During the period, a total of 708 mobile...

4.55m tonnes fish output by 2021 targeted

Fish production in the country is expected to hit 4.55 million tonnes by 2021. "It will be possible to achieve the target of fish production by 2021 as the government has taken various measures for overall development of the fisheries sector. The production target is 4.55 million tonnes against the...

Imam joins Polar Ice Cream as COO

Mr Shah Masud Imam has recently joined Polar Ice Cream as Chief Operating Officer (COO), said a press release. Earlier, Mr Imam served Unilever, Reckitt Benckiser and Coca-Cola and has a diverse experience in consumer goods businesses. He also served Standard Chartered Bank as head of Corporate Affairs and HR....