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

Biman reports Tk 2.72b profit in FY '19

Biman Bangladesh Airlines has reported a net profit of Tk 2.72 billion in the last fiscal year (FY 2018-19), according to an unaudited financial report of the company.Biman has automated the ticketing system, taken various steps for improving passenger service, purchased necessary equipments and deployed adequate manpower for on-time flight...

Thrust on removing NTBs, improving connectivity

Speakers at a workshop on Wednesday called for removing non-tariff barriers (NTBs), improving customs facilities in the both ends of land ports and ensuring better connectivity to increase trade between Bangladesh and Northeast India.Emphasising on the need for a market assessment study, they said both the countries should identify their...

Kamal hopes to recover embezzled bank money

Finance Minister A H M Mustafa Kamal said he will recover the entire volume of money, embezzled from banks by various conglomerates like Hallmark Group."My standpoint is still the same. We will recover all those (money)," he said when his attention was drawn to this regard.Mr Kamal was briefing newsmen...

Remove fear-factor, do not harass taxpayers: NBR chief

The Tax zone 13 under the National Board of Revenue (NBR) has awarded its best employees and officials to recognise their contribution in implementation of integrity and achieving revenue collection target.It also handed over certificates to the newly-recruited officials after completion of a two-week orientation course.National Board of Revenue Chairman...

BB has 'no data on remittance outflow'

The Bangladesh Bank (BB) does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials, reports UNB.Central bank's Governor Fazle Kabir and its deputy governor Abu Hena Razee Hasan said this while unveiling the monetary policy statement (MPS) at a press conference...

Ram Chandra joins BPC as chairman

Additional Secretary Ram Chandra Das has joined as new Chairman of Bangladesh Parjatan Corporation (BPC), says a press release.He was divisional commissioner of Barishal before joining the BPC. He joined government service from BCS 9th Batch in 1991.Das is also a listed artiste and lyricist of Bangladesh Betar and Bangladesh...

US, China wrap up trade talks after Trump tweetstorm

SHANGHAI, July 31 (AFP): Chinese and US negotiators held their first face-to-face talks Wednesday since agreeing to a trade war truce last month, but the short meeting in Shanghai was overshadowed by a Twitter tirade from President Donald Trump.Washington and Beijing have so far hit each other with punitive tariffs...

'No shortage of salt in country'

Stating that the country faces no shortage of salt but is equipped with adequate stock, Secretary of Ministry of Industries M Abdul Halim on Wednesday ruled out any possibility of exorbitant price of salt ahead of the holy Eid-ul Azha. "There is no shortage of salt in the country which...

Begum Soma Islam

Begum Soma Islam (4th from right), Chief Patron of Shimanto Poribar Kalyan Samiti, handing over a donation to Chokbazar fire victim Md. Tarikul Islam Ramim (5th from right), who is a student of Birshreshtha Munshi Abdur Rouf Public College and lost his family in the fire accident, at a function...

Najith Meewanage

Chief Operating Officer of Commercial Bank of Ceylon PLC Najith Meewanage along with other high officials of the bank handing over donations to 'Blind Education and Rehabilitation Development Organization (BERDO)' and 'Banophool Adibashi Green Heart College' under its' CSR activities in the capital recently

Managing Director and CEO of Midland Bank

Managing Director and CEO of Midland Bank Limited Md. Ahsan-uz Zaman (5th from right) and Joint Secretary and Project Director of a2i Programme Dr. Md. Abdul Mannan (4th from right) exchanging documents after signing a memorandum of understanding (MoU) in the capital on Tuesday. The purpose of this MoU is...

33rd AGM of Eastern Insurance

Eastern Insurance Company Limited Chairman Mujibur Rahman, Vice Chairman Azmal Hossain, Directors Matiur Rahman, Khaled S Ahmed, Durand Mehdadur Rahman, Nayeemur Rahman, Independent Director ATKM Ismail, Managing Director and CEO Mohammad Haroon Patwary and Company Secretary Md Shamsul Amin of the company are seen at the 33rd annual general meeting...

US Fed to join ranks of other central banks in stimulating economy

WASHINGTON, July 31 (AFP): The Federal Reserve is walking a tight rope of competing economic forces but is set on Wednesday to rejoin the central banks worldwide that are easing access to credit to keep growth from faltering.President Donald Trump, whose aggressive trade policies have thrown a wrench into the...

Yuan strengthens against US dollar, Rupee falls

BEIJING, July 31 (Xinhua): The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 21 pips to 6.8841 against the US dollar Wednesday, according to the China Foreign Exchange Trade System.In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2.0 per...

Md Zikrul Hoque

Deputy Managing Director of Janata Bank Limited Md Zikrul Hoque seen at the bank's Noakhali divisional branch managers' conference at a hotel in Feni recently with the bank’s Noakhali div headquarters General Manager Md Sahadat Hossain in the chair