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

Experts focus on CAs’ multi-expertise in 4IR

Speakers at a webinar said the chartered accountants should have multi-expertise during the time of Fourth Industrial Revolution (4IR). They also said the current audit practice in Bangladesh is mostly based on manual or hard copy documentation. It consumes more time and is complex to monitor by the governing authorities...

Community-based award launched

The launching ceremony of the first community-based award programme under The Duke of Edinburgh's International Award was held in the capital’s Pink City Model Town area on Saturday, said a press release. Pink City Home Owner Co-Operative Society Limited became the first residential community partner of The Duke of Edinburgh's...

Citibank, N.A. contributes Tk 22m

To mitigate the impact of COVID-19, Citibank, N.A. contributed BDT 2 crore 28 lac to United Nations Development Programme (UNDP) in Bangladesh, said a statement.The contribution has supported the distribution of food & hygiene kits through the Strengthening Women's Ability for Productive New Opportunities (SWAPNO) project in Bangladesh, reaching close...

Rupayan Housing Estate hands over project docs

Bashundhara Rupayan Housing Estate handed over the ownership of their commercial project 'Rupayan Shopping Square' to the buyers.The company handed over the project documents to the buyers' representatives at the club house of "Rupayan City Uttara" in the city recently, said a press releaseRupayan Group Adviser Captain PJ Ullah, Adviser...

After $4.6b RMG export shock, recovery hope reignited by June

Readymade garment exports to the tune of $4.6 billion were lost during March-May amid the Covid-19 pandemic, but the gap almost vanished by June demonstrating hope for a recovery of the sector, a recent rapid survey finds.The study shows that in 2020 the RMG industry accounted for 82 per cent...

Sukuk to aid dev work, says BSEC chief

The closing ceremony of a four-day long 'Workshop on Issuance and Management of Sukuk in Bangladesh' jointly organized by Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) and International Shariah Research Academy for Islamic Finance (ISRA), Malaysia was held recently. Chairman of Bangladesh Securities and Exchange Commission Prof. Shibli...

IEB Khulna Centre holds 52nd AGM

The 52nd annual general meeting (AGM) of the Institution of Engineers, Bangladesh (IEB) Khulna Centre was held on digital platform on Saturday, said a press release.Engr Mohammad Shafique Uddin, chairman IEB Khulna Centre and managing director of West Zone Power Distribution Company Limited, presided over the AGM of the Institution...

Chief Executive Officer Kamal Quadir

Chief Executive Officer Kamal Quadir and Chief External and Corporate Affairs Officer of bKash Maj Gen (Retd) Sheikh Md Monirul Islam handed over high flow oxygen ventilators to Prof Dr Abul Bashar Mohammad Khurshid Alam, Director General of Directorate General of Health Services (DGHS) and Brigadier General AKM Nasir Uddin,...

Australia to spend more on jobs in budget

MELBOURNE, Oct 04 (Arab News): The Australian government said on Sunday it will earmark an additional A$1.2 billion ($859 million) in wage subsidies in the 2020/21 budget and that its frameworks assume that there will be a novel coronavirus vaccine next year.In the run up to the Oct. 6 budget,...

Sony, Kioxia seeking US approval to supply to Huawei

TOKYO, Oct 04 (Reuters): Japan's Sony Corp and memory chipmaker Kioxia Holdings Corp have applied for US approval to continue supplying Huawei Technologies Co Ltd, Nikkei reported on Sunday.If confirmed, the move follows other tech companies such as Intel Corp that recently received licences from US authorities. With US-China ties...

Johnson 'optimistic' over deal ahead of EU talks

LONDON, Oct 04 (Arab News): UK Prime Minister Boris Johnson said he was "pretty optimistic" a Brexit deal could be reached as he prepared for talks on Saturday with EU chief Ursula von der Leyen to determine the next steps in the fraught negotiations.Johnson told The Daily Telegraph that the...

India to waive certain interest levies on loans

AGRA (India), Oct 04 (Reuters): The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees ($272,888) under a Covid-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers.While the government did...

China can not meet Phase 1 farm purchase commitment

CEDAR GROVE (Wisc), Oct 04 (Reuters): China may fall short of annual agricultural product purchasing commitments made in its Phase 1 trade deal with the United States due to "non-agricultural trade issues,"US Department of Agriculture Secretary Sonny Perdue said on Friday."I'm not sure they're going to make it, but they're...

Investment bank PJ Solomon lays off staffers in energy group

NEW YORK, Oct 04 (Reuters): PJ Solomon LP laid off staffers in its energy group due to the slowdown in acquisitions and divestitures stemming from the COVID-19 pandemic and sinking oil prices, the US investment bank said on Friday.Oil and gas dealmaking has cratered this year as exploration companies focus...

Third Iranian fuel tanker arrives in gasoline-starved Venezuela's waters

CARACAS, Oct 04 (Reuters): The final vessel in a flotilla of three Iranian fuel tankers entered gasoline-starved Venezuela's waters on Saturday, in the latest sign of cooperation between the two countries amid protests over shortages in the South American nation.The Faxon, carrying around 234,000 barrels of fuel, was directly north...