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

Appoint ombudsman for banking sector

With defaulters securing important positions in the government and corporate governance remaining extremely weak, it is not possible for the banks to recover the huge volume of non-performing loans from defaulters, observed economists, bankers and civil society members at a function in Dhaka Saturday. Prof. Dr Mainul Islam, a noted...

Azarbaijani oil co bilks its suppliers

The departure of Azerbaijan's state-run oil and gas company Socar AQS from Bangladesh has thrown half a dozen local and international energy service providers into trouble.Socar left the country without finishing the drilling job it was assigned for, a senior Petrobangla official said.The Azerbaijani firm also kept its dues to...

BBF recognises 17 innovations

Bangladesh Brand Forum distributed Bangladesh Innovation Award-2019 on Saturday, recognising 17 groundbreaking innovations and unique ideas developed by both startups and established companies.The award was given on the sidelines of Bangladesh Business Innovation Summit 2019, an initiative of Bangladesh Innovation Conclave (BIC), organised by Bangladesh Brand Forum (BBF) at Hotel...

Students defer protest for two days

Students of Bangladesh University of Engineering and Technology (BUET) postponed their protest on Saturday for two days - Sunday and Monday - for smooth holding of the university's admission test, scheduled for tomorrow (Monday).A spokesperson on behalf of the BUET students announced it in a briefing in front of Shaheed...

PM again warns against wrongdoing on campuses

Prime Minister Sheikh Hasina again issued a warning on Saturday against wrongdoing on the campuses of educational institutions, asserting that strict actions will be taken against the wrongdoers whoever they may be, reports BSS."Our words are clear that we'll never tolerate any crime on campus … we didn't allow it...

IOCs stripped of waiver

The waiver of Value Added Tax (VAT) for international oil companies on local production and supply of gas no longer exists in the new law, although their contract has such a provision.Petrobangla will have to pay the VAT at 15 per cent from the current fiscal year. The state-run oil...

Briefing 13-10-2019

MNCs count cost of bearish onslaughtMost of the listed multinational companies (MNCs) on the Dhaka Stock Exchange lost share prices ranging between 1.0 per cent and 5.4 per cent last week amid the price correction witnessed by most of the local companies. Page 9FIFA president Infantino due Oct 16FIFA President...