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

Cut cargo fares, allocate more space for fresh produce

Local exporters have requested the government to rationalise cargo fares and allocate more cargo space for exporting fresh vegetables and fruits, aiming to boost earnings from the sector.The Bangladesh Fruits, Vegetables & Allied Products Exporters Association (BFVAPEA) has recently written to different state agencies, including the ministries of commerce and...

DCCI urges NBR to simplify tax structure for CMSMEs

The Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday called on the National Board of Revenue (NBR) to streamline the tax structure in order to create a more supportive environment for Cottage, Micro, Small, and Medium Enterprises (CMSMEs).The trade body made the call at a meeting with NBR Chairman...

Dr Shafiqur made Biman MD & CEO

Dr Md Shafiqur Rahman has been appointed as the managing director (MD) and chief executive officer (CEO) of Biman Bangladesh Airlines, reports UNB. Biman Board of Directors made the appointment on Wednesday, according to a press release.Dr Rahman, a former Director of Marketing and Sales at Biman, began his career...

Govt to procure 60,000 tonnes of fertiliser, 10,000 tonnes of lentil

The advisory council committee on government purchase at a meeting on Wednesday approved the procurement of fertiliser and lentils to meet local demand for these essential commodities.Finance adviser Dr Salehuddin Ahmed presided over the meeting held at the cabinet division conference room at the Secretariat. Briefing newsmen after the meeting,...

IDLC customers can now pay using bKash

Customers of IDLC Finance PLC, a leading non-banking financial institution in the country, can now conveniently pay loan instalments, fees and charges for all other services through bKash anytime, anywhere, in a secure and efficient manner, says a press release.IDLC and bKash have recently joined hands to introduce this new...

UCB PLC holds board meeting under new leadership

The newly formed board of United Commercial Bank PLC (UCB) held its first meeting at its corporate head office on Wednesday. UCB Chairman Sharif Zahir presided over the meeting. Md. Shazzad Hossoin, Vice-Chairman of UCB; Md. Tanvir Khan, Chairman of the Executive Committee; Md. Yusuf Ali, Chairman of the Risk...

PUBALI BANK HOLDS ORIENTATION PROGRAMME FOR NEW JUNIOR OFFICERS

Human Resources Division of Pubali Bank PLC has organised a five-day orientation programme for newly recruited 136 junior officers. The course is designed to familiarise the participants with the concepts, principles, rules, regulations, laws and practices of the bank. Managing Director & CEO Mohammad Ali was present at the inaugural...

EBL opens 38th sub-branch in Sirajganj

M Khorshed Anowar, Head of Retail and SME Banking of Eastern Bank, inaugurates the 38th sub-branch of the bank at Chandaikona of Sirajganj district on Wednesday. EBL Head of Outstation Istiak Ahmed, other senior officials of the bank, and local dignitaries were present on the occasion.

World Bank urges India to boost labour-intensive exports for jobs

NEW DELHI, Sept 04 (Reuters): India should focus on labour-intensive exports to boost employment, The World Bank (WB) said on Wednesday, noting that the country's manufacturing industry has not fully seized opportunities from China's exit from these sectors."India should also try to conquer less advanced markets," said Auguste Tano Kouame,...

Saudi-Singaporean ties to strengthen in sustainability

JEDDAH, Aug 04 (Arab News): Saudi-Singaporean industrial ties are set to strengthen after senior officials from the countries met to explore cooperation in sustainable growth, small and medium enterprises, and advanced manufacturing technology.During his official visit to the Asian island, the Kingdom's Minister of Industry and Mineral Resources Bandar Alkhorayef...

Swedish telecoms company to cut 3,000 jobs

STOCKHOLM, Sept 04 (AFP): Swedish telecoms operator Telia said Wednesday it will cut 3,000 jobs as part of a cost-cutting drive that aims to generate approximately $250 million in annual savings.The company said the job cuts were part of an organisational overhaul that will enable it to return dividends to...

US antitrust trial targets Google’s digital ad business

NEW YORK, Sept 04 (Reuters): Alphabet's Google faces trial in a second antitrust case next week where the US Department of Justice will challenge how the search giant monetizes advertising through a system that prosecutors say harms news publishers.The case is part of the Biden administration's effort to rein in...

Australia posts ‘soft’ growth as economic gloom remains

SYDNEY, Sept 04 (AFP): Australia's ailing economy recorded another quarter of near moribund growth, with data Wednesday showing second-quarter gross domestic product expanded just 0.2 per cent from the previous three months.The Australian Bureau of Statistics said government spending had just about offset "subdued" consumer activity in the three months...

Dollar Tree cuts annual forecasts on weaker demand

NEW YORK, Sept 04 (Reuters): Discount store operator Dollar Tree cut annual forecasts on Wednesday, as it struggled to lure in price-sensitive shoppers for its more profitable higher-margin goods amid sticky inflation, sending shares down about 9 per cent in premarket trading.Peer Dollar General also cut its annual forecasts after...

Rupee hits record low amid negative global cues

MUMBAI, Sept 04 (Reuters): The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed wedged between negative global cues and support from the central bank.The rupee hit a lifetime low of 83.98 to the US dollar...