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

Auditors key to fighting fraud in ins sector

Experts at a webinar said that if auditors play their due role in auditing insurance companies, irregularities and fraudulent activities will be checked and good governance will be established in the sector.They said the insurance sector has been neglected for so many years and that is why the country has...

BD losing Tk 40m a day due to export ban on crab, eel fish

Bangladesh is losing around Tk 40 million per day due to the ban on export of live mud crab and eel fish to China, industry insiders have said.While the exporters are at stake as a result, they said, a good number of extremely poor people of the coastal areas, who...

Bilateral meeting with Switzerland in Nov

Bangladesh could be a lucrative investment destination for Switzerland as the government has taken all necessary measures to make the process of investment easier and faster. Commerce minister Tipu Munshi said this during a meeting with Nathalie Chuard, the newly appointed Ambassador of Switzerland to Bangladesh, at the office of...

ACCA launches CAT qualification

The Association of Chartered Certified Accountants (ACCA) Bangladesh has launched the Certified Accounting Technician (CAT) qualification in Bangladesh through an online programme recently. Deputy Minister of Education Mohibul Hassan Chowdhury inaugurated CAT as the Chief Guest.Students can earn this qualification passing only nine papers and acquiring one year of experience....

Huawei selects 10 students for training

Huawei, the world's leading ICT solutions provider, has announced 10 outstanding ICT talents from five renowned universities of Bangladesh.The champions have been announced in a virtual gala event on 'Seeds for the Future 2020' held recently with Deputy Minister for Education Mohibul Hassan Chowdhoury as the chief guest, says a...

Nagad, the state-owned mobile financial service

Nagad, the state-owned mobile financial service, handed over Tk 11,215,576 to the postal department as part of the service revenue, which is counted as the postal department's net income for 2019-20 fiscal year. The photo shows Posts and Telecommunications Minister Mustafa Jabbar receiving a cheque for the amount from Nagad...

Global leaders focus on trade in services

BEIJING, Sept 06 (Xinhua): Government leaders worldwide and officials in international organisations have applauded the 2020 China International Fair for Trade in Services (CIFTIS) unveiled on Friday in Beijing, stressing the importance of services trade and cooperation with China in promoting global economic recovery.Trade in services must underpin most national...

TikTok troubles narrow gap between Beijing, Zhang Yiming

BEIJING, Sept 06 (Reuters): ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but US demands to sell his crown jewel TikTok are testing the boundaries with Beijing.A year ago, ByteDance was approached by the Chinese government with offers of help...

WB support sought to build power project on Swat river

ISLAMABAD, Sept 06 (The Dawn): The Khyber-Pakhtunkhwa government is seeking World Bank assistance for the development of 88MW run-of-river hydropower project on the Gabral tributary of the Swat river to generate about 339 gigawatt hours of electricity annually.The World Bank is currently evaluating the project which will be located near...

Taiwan opposition against easing restrictions on US pork imports

TAIPEI, Sept 06 (Reuters): Taiwan's main opposition party the Kuomintang (KMT) began a push on Sunday for a referendum to block the easing of restrictions on US pork imports, which if passed could threaten a long-mooted free trade deal with Taipei's key ally Washington.President Tsai Ing-wen announced last month that...

Nissan Motor unveils cost-saving process

TOKYO, Sept 06 (Arab News): Nissan says it has developed a new way to produce high-tech auto parts that highlights the Japanese automaker's engineering finesse, even as it faces a criminal trial in the continuing scandal involving former Chairman Carlos Ghosn.Nissan Motor Co. said it has achieved a "breakthrough" in...

Japan's Sompo to buy US crop insurer from CGB Enterprises

TOKYO, Sept 06 (Reuters): Japanese insurer Sompo Holdings Inc will buy Diversified Crop Insurance Services, the US crop insurance unit of US grain shipper CGB Enterprises Inc, Sompo said.The acquisition will make Sompo one of the largest crop insurance providers in the world, with combined gross written premiums of over...

Agricultural Bank of China reports net profit decline

BEIJING, Sept 06 (Xinhua): The Agricultural Bank of China, one of the country's largest commercial lenders, saw its net profit slide 10.8 per cent year on year in the first half of this year (H1).The bank raked in 109.19 billion yuan (about 15.97 billion US dollars) in net profit in...

Israeli business team to visit UAE

TEL AVIV, Sept 06 (Arab News): The heads of Israel's two biggest banks will travel to the United Arab Emirates this month, the first such visits since the two countries agreed to normalize relations.One delegation led by Bank Hapoalim will leave on Sept. 8 and visit Abu Dhabi and Dubai,...