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

Impose ‘additional taxes on cash dividends exceeding 200pc’

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Monday proposed imposing additional taxes on the companies' cash dividends exceeding 200 per cent in order to check capital flight in the form of dividend payout. Nowadays, many multinational companies declare cash dividends ranging from 300 per cent to...

Creating employment for youths key to sustainable development

Experts at a dialogue on Monday laid emphasis on creating employment for young generation in order to achieve sustainable growth and development. They also called for protection of workers' rights, expansion of social security for working people and developing a coping mechanism for addressing the challenges of automation at work.The...

WB official visits CPTU today

Elmas Arisoy, Practice Manager for Solutions and Innovations in Procurement in the World Bank's Governance Global Practice, will visit the Central Procurement Technical Unit (CPTU) of the Implementation, Monitoring and Evaluation Division, Ministry of Planning, today (Tuesday), says a press statement.During her visit, she will take stock of reforms carried...

Relaunch of British Business Group

The British Business Group (BBG), Bangladesh has formally been relaunched at an event at the residence of the British High Commissioner in Dhaka, reports UNB."For over 13 years the BBG has been a strong partner in Bangladesh for the British Government and a responsible and respected voice within the business...

Iraq keen to import RMG from BD

Iraqi apparel traders are interested in importing garment products from Bangladesh mainly because of quality, Bangladesh Ambassador to Iraq Abu Maqsoud M Farhad said on Monday. "Though Iraq imports apparel from Turkey and China, Iraqi people and high officials are positive about the quality of Bangladesh-made apparel. And they are...

BCSIR scientists’ association elects Bhuiyan president, Habib secy

President Secretary Dr Mohammad Nazrul Islam Bhuiyan and Dr Mohammad Ahsan Habib have been elected president and general secretary respectively of the Bangladesh Council for Scientific and Industrial Research Biggani Sangha (BCSIR Scientists' Association) for the next two years.Dr Md Hossain Sohrab and Dr Md Kamal Hossain have been elected...

Rolls-Royce sells L’Orange to Woodward for 700m euros

LONDON, Apr 9 (Reuters): Britain's Rolls-Royce said it had agreed to sell its Germany-based diesel parts maker L'Orange to US-based engineering company Woodward Inc for 700 million euros ($859 million), as part of a plan to simplify its business.Rolls CEO Warren East has been trying to streamline the company during...

BOJ will eventually need to normalise policy: Kuroda

TOKYO, Apr 9 (Reuters): Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would eventually need to consider how to normalise its ultra-easy monetary policy.But he reiterated that it was too early to debate specific means to whittle down stimulus with inflation distant from the BOJ's 2.0...

Novartis bets big on gene therapy

ZURICH, Apr 9 (Reuters): Novartis is moving further into gene therapy with a $8.7 billion deal for AveXis that gives the Swiss drugmaker a rare-disease treatment seen reaping billions in sales and bolsters its technology base.The acquisition is the latest example of a surge of interest in biotech deal-making this...

Trump sees end to trade dispute with China

WASHINGTON, Apr 09 (AFP): US President Donald Trump on Sunday said he sees an end to the escalating trade dispute with China, after tit-for-tat retaliatory tariffs and threats that rattled markets. "China will take down its trade barriers because it is the right thing to do," Trump said in a...

Kinder Morgan stops work on controversial Canada pipeline

MONTREAL, Apr 09 (AFP): The US firm Kinder Morgan said Sunday it would suspend most work on a controversial oil pipeline in Canada's British Columbia because of fierce opposition by provincial authorities. A final decision on the Trans Mountain Expansion Project, which is supported by both the federal government headed...

Greenback extends gain into third week

LONDON, Apr 09 (Reuters): The dollar rose against its rivals on Monday, extending a two-week run, as investors unwound some short dollar bets on worries an escalating trade conflict between the United States and China may trigger buying of dollar assets.Most of its gains were chalked up against the Asian...

Philippines wants joint exploration with China

MANILA, Apr 9 (Reuters): The Philippines is looking to seal a deal with China to jointly explore for resources in a part of South China Sea.

'Shuddho', a brand of packaged vegetables and crops free of chemicals

Executive Director of ACI Logistics Ltd. Sabbir Hasan Nasir launching 'Shuddho', a brand of packaged vegetables and crops free of chemicals, brought to market by Shawpno, at a programme at the Daily Star Centre in the city on Monday

Participants of five-day Foundation Training Programme of Midland Bank

Managing Director and CEO of Midland Bank Md Ahsan-uz Zaman posing with the participants of a five-day Foundation Training Programme organised by Midland Bank Training Institute in the city recently