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

Hasina asks employees to work for brightening Biman's image

Prime Minister Sheikh Hasina asked on Wednesday Biman Bangladesh Airlines' employees to work with utmost sincerity for brightening the image of the airlines and as well as the country, reports UNB."I want every single person in Biman to work with utmost sincerity so that it (Biman) must not have any...

NBR's TP Cell still a lame duck

Transfer Pricing Cell (TPC) of National Board of Revenue (NBR) has been in a dysfunctional state during the last five years due to lack of necessary expertise and skills of taxmen on international taxation.Subsequently, NBR could not make the cell vibrant despite several initiatives since its formation in 2014.Main objective...

Power, Energy Week begins today

The government celebrates the Power and Energy Week 2018, starting from today (Thursday), to mark the significant increase in the country's electricity generation capacity to 20,000 megawatt (MW).The capacity was around 4,942 MW in 2009.Prime Minister Sheikh Hasina will formally inaugurate the week at a function at the International Convention...

Commuters suffer in gridlock on first day of traffic campaign

Acute traffic congestion on many key roads across the capital marked the first day of the month-long traffic campaign on Wednesday, causing immense sufferings to the commuters.Dhaka Metropolitan Police (DMP) launched the campaign to reduce violation of traffic rules, bring discipline on the city streets and remove unfit, unregistered and...

Danish Arla Foods to plough Tk 9.0b into Bangladesh

Global dairy giant Arla Foods plans to further strengthen its footprint in Bangladesh reaching out to uncovered segment of the population while supporting them with affordable and better nutrition.With the objective, the world's fourth-largest dairy producer through its brand, Dano, wants to invest Tk 9.0 billion in the coming years...

KSA moves to 'fix' recruiters to hire BD workers

The Kingdom of Saudi Arabia (KSA) embassy in Dhaka has taken a new move to 'select' a number of local recruiting agencies to submit visas to the embassy for hiring manpower from Bangladesh, said sources concerned. Under the new 'Drop Box' system, all the manpower recruiters here will have to...

IDB to fund $1.0m cotton dev scheme

The Islamic Development Bank (IDB) is set to finance a $1.0 million project in Bangladesh under its newly innovated 'reverse linkage' modality.The Jeddah-based lender will sign a memorandum of understanding with the government during its president Bandar Al Hajjar's upcoming Dhaka visit this weekend."The project is aimed at enhancing the...

Rohingya crisis hits Myanmar economy

SINGAPORE, Sept 05 (Reuters): A Myanmar foreign investment official said on Wednesday he "totally underestimated" the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country's reputation. Asked at an investor forum in Singapore what...

Next polls Bangladesh's internal matter: Indian HC

Indian High Commissioner in Dhaka Harsh Vardhan Shringla said on Wednesday the next national election is an internal matter of Bangladesh and India will not make any comment on that, reports UNB."That's an internal matter of Bangladesh," he said adding that they maintain the position not to make any comment...

Transport workers oppose decision to ban Leguna

Bangladesh Auto-rickshaw Auto-tempo Transport Workers Federation (BAATWF) has protested the Dhaka Metropolitan Police's (DMP) ban on the plying of the human haulier, locally known as Leguna, in the city's main road, reports UNB.In a joint statement, president of BAATWF Rezaul Islam and secretary, Golam Faruque said ban on such vehicles...