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

First bilateral chamber with ME countries to be launched tomorrow

The Saudi Arabia-Bangladesh Chamber of Commerce and Industry (SABCCI) will officially be launched tomorrow (Tuesday). It will be the first bilateral chamber with a Middle Eastern nation.Already, the newly formed chamber has organised a three-day Saudi Arabia-Bangladesh Business Summit that will begin today in Dhaka. The summit aims to strengthen...

IFIC Bank promotes its officials

A total of 136 officers of IFIC Bank PLC were promoted to various positions in October in recognition of professional competence, dedication, and relentless efforts in advancing the institution.With this, as part of the ongoing process of professional excellence, the total number of officers promoted to various positions has reached...

Summit challenges LNG deal cancellation in HC

Summit Oil and Shipping Company Limited (SOSCL), a subsidiary of Summit Group, has filed a writ petition with the High Court (HC) challenging the government's cancellation of its long-term liquefied natural gas (LNG) supply contract.The petition seeks a rule asking the respondents to explain why the cancellation order, issued by...

Guardian partners with CliniCall to protect interests of remitters

Guardian Life Insurance Limited, one of the country's leading insurance service providers, has officially signed an agreement with health-tech company CliniCall Limited, which introduces an innovative insurance and healthcare package exclusively designed for Bangladeshi remittance workers and their families.The signing ceremony took place at the Guardian's head office in Dhaka....

Eunusur Rahman new chairman of Jamuna Oil

Md Eunusur Rahman, former senior secretary to the Financial Institutions Division, has been appointed as new the chairman of the Board of Directors of Jamuna Oil Company Limited, says a press statement. The board of directors endorsed his appointment as the chairman at its 538th meeting, held on September 30,...

Palli Sanchay Bank seeks 10-yr tax, VAT exemption

State-owned Palli Sanchay Bank (PSB) has sought a 10-year exemption from income tax and Value Added Tax (VAT) to facilitate investments aimed at socio-economic development of poor rural people.The bank's Managing Director (MD) Salma Banu recently requested the government to take necessary steps to grant the benefit for the period...

MetLife Bangladesh earns 'Great Place to Work' certification

MetLife Bangladesh has once again been recognised as a "Great Place to Work", earning the prestigious international certification for the second consecutive year.This achievement makes MetLife the only insurance company in Bangladesh to receive this honour, reaffirming its commitment to fostering a positive and empowering workplace culture, says a press...

Trump's budget 'grim reaper' eyeing big cuts amid shutdown

WASHINGTON, Oct 5 (AFP): He is perhaps the most powerful man in Washington at the moment, after Donald Trump.Russell Vought, the right-wing ideologue who heads the Office of Management and Budget, is using the US government shutdown to deliver his brand of shock therapy to American bureaucracy.Shutdowns usually result in...

DNCC to reclaim Dhaka's walkways with armed Ansar deployment

The Dhaka North City Corporation (DNCC) has taken an initiative to make parts of the city walkable again.The DNCC has decided to deploy 400 armed Ansar members to keep the city's footpaths permanently free from illegal occupation by street vendors and hawkers, reports UNB."The main objective of deploying Ansar members...