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

Tax waiver for HNIs in ins, other areas sought

Venture Capital and Private Equity Association of Bangladesh (VCPEAB) has sought policy support to promote alternative investment fund industry."Investment by high net worth individuals (HNI) in Alternative Investment Fund should be given tax exemptions for investments in insurance and other types of investment instruments. Tax rebate should also be given...

Stocks extend winning streak on BB move

Stocks posted the highest single-day gain in the past two months on Monday, as investors gained confidence thanks to the central bank's market supportive measures.The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors, including institutional investors.DSEX, the prime index...

bKash partners with Visa to offer wallet load facility through cards

bKash, a mobile financial service provider, has partnered with Visa, the global leader in payments technology, to enable the loading of bKash wallets through Visa cards by 'Add Money' service. Soon, millions of bKash customers will be able to load their wallets using Visa debit and credit cards and pay...

MTB supports children of BERDO

Mutual Trust Bank Limited (MTB) and Blind Education and Rehabilitation Development Organisation (BERDO) recently signed a Memorandum of Understanding (MoU) to support the visually impaired children of BERDO, said a statement. Md. Saidul Huq, Executive Director, BERDO and Azam Khan, Group Chief Communications Officer, MTB signed the MoU on behalf...

BRAC Bank inks EB service deal with RDRS

From now on, all members of the staff of RDRS Bangladesh will enjoy exclusive the employee banking services of BRAC Bank Limited, a leading private commercial bank of the country, says a statement.RDRS Bangladesh is a multi-sectoral development agency established in 1972 that provides development support to over 2.0 million...

News Briefs (24-09-2019)

IDLC finances kitchen mkt veg retailersIDLC Finance has decided to create access to finance for about 450 Kitchen Market Vegetable Retailers as part of its vision of financial inclusion. Traditionally, these Kitchen Market Vegetable Retailers did not have access to formal credit mainly due to lack of proper documents and...

Sonali Life Ins declares handsome bonus

Sonali Life Insurance Company Ltd. has declared the highest bonus rate among all the 4th generation life insurance companies, said a statement. As on 31st Dec, 2018, in accordance with company's valuation of the asset and liabilities, Sonali Life Insurance Company Ltd has declared Tk 70 as bonus per thousand...

APO to take initiatives to increase sectoral productivity

Asian Productivity Organisation (APO) Society for Bangladesh will take short and long term work-plan to implement the National Productivity Master Plan for increasing productivity in different sectors including industry, service and agriculture with assistance of industries ministry, reports UNB. This information was revealed on Monday at a meeting of newly-elected...

Resolve manmade problems

WASHINGTON, Sept 23 (AFP): Accustomed to being the first woman in influential leadership positions and speaking frankly to men in power, Christine Lagarde says manmade threats to the global economy can be "man-fixed."Lagarde only last week left her post as head of the International Monetary Fund (IMF) after eight years,...

Japan roboticists predict rise of the machines

SEIKA, Sept 23 (AFP): Set in 2019, cult 80s movie "Blade Runner" envisaged a neon-stained landscape of bionic "replicants" genetically engineered to look just like humans.So far that has failed to materialise, but at a secretive research institute in western Japan, wild-haired roboticist Hiroshi Ishiguro is fine-tuning technology that could...

DSE/CSE News in Brief (24-09-2019)

DSE NEWSSale confirmationMercantile Bank Limited: Dr. Toufique Rahman Chowdhury, one of the sponsors of Mercantile Bank Limited, has reported that he has completed his sale of 3,14,430 shares of the company at prevailing market price through stock exchange as per declaration disseminated on 22.08.2019.Mutual Trust Bank Ltd.: Mr. Md. Abdul...

European shares edge lower after dismal France data

European shares edged lower on Monday after weaker-than-expected business activity data from France, the bloc's second-largest economy, while investors remained cautious following mixed signals from US-China trade talks, reports Reuters.French business activity expanded at a slower than expected pace in September as manufacturing sector growth eased to a near standstill,...

A M M Golam Towhid

A M M Golam Towhid, Managing Director of Syngenta Bangladesh, handing over a dividend cheque to Md. Haiul Kuaium (centre-left), Chairman of Bangladesh Chemical Industries Corporation (BCIC) and also Chairman of the Board of Directors of Syngenta Bangladesh Limited. The board of directors of Syngenta Bangladesh Limited declared 15 per...

Salman Karim (4th from R)

Salman Karim (4th from R), Managing Director of Confidence Infrastructure Ltd & Confidence Batteries Ltd, receiving ‘JCI - TOYP 2019’ award from Jatiya Sangsad (Parliemnet) Speaker Dr. Shirin Sharmin Chaudhury in an event styled 'TOYP 2019' in the city recently for his outstanding entrepreneurial accomplishment and contributions to country's economy...

CEO of Delta Life Insurance

Chief Executive Officer (CEO) of Delta Life Insurance Company Ltd Adeeba Rahman (C) showing off two prestigious laurels - 'Life Insurance Company of the Year Award' and 'CEO of the Year in Life Insurance Award' - given to her and her company by CMO-Asia at an award-giving event, styled 'Bangladesh...