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

8.38pc expats return home due to Covid-19: Study

The highest number of Bangladeshi expatriates returned home from Saudi Arabia during the Covid-19 pandemic, according to a study.The study on the returnees conducted by Karmojibi Nari during the period between November 2019 and July 2020 found that due to coronavirus, 35 per cent expatriates came back home from Saudi...

Evaly wins e-Commerce Movers Award

Evaly.com.bd won the e-Commerce Movers Award for its food delivery service 'efood', says a press release. A total of 100 e-commerce organisations and 12 individuals were awarded the e-Commerce Movers Award on the occasion of the sixth founding anniversary of the E-commerce Association of Bangladesh (E-Cab) on Sunday. The award...

Three firms to invest $10.32m

Three companies will invest $10.32 million for setting up food- and agro-processing industries on six acres of land at Jamalpur Economic Zone (JEZ).As per their proposals to the Bangladesh Economic Zones Authority (BEZA), the ventures are expected to generate 550 jobs.To this effect, they inked land lease agreements with the...

Consumers partly to blame for AC blasts, experts say

In January this year, Swapnil Ahmed Pias, the son of journalist Moazzem Hossain Nannu, died after a similar blast in his room triggered a fire, reports bdnews24.com.Dr Samanta Lal Sen, the coordinator of Sheikh Hasina National Institute of Burn and Plastic Surgery, said they have treated many patients with burn...

HC orders collection of unpaid tax from Google, Facebook, YouTube

The High Court has ordered the authorities to collect revenue, including tax at source and other taxes on all sorts of transactions for advertisement, domain sale, licence and other fees, from internet-based platforms like Google, Yahoo, Facebook, YouTube and Amazon, reports bdnews24.com.The National Board of Revenue, Bangladesh Bank, Bangladesh Telecommunication...

BIWTA organised a workshop

Bangladesh Inland Water Transport Authority (BIWTA) organised a workshop on 'The feasibility study on river management through enhancing navigability of rivers, easing waterlogging, reclaiming wetlands and increasing irrigation and landing facilities in Khulna division', with Khulna city Mayor Talukder Abdul Khaleque as the chief guest. Khulna Divisional Commissioner Dr Md...

EU holds 'great expectations' for president-elect Biden in trade

BRUSSELS, Nov 09 (Reuters): The European Union (EU) has "great expectations" of a new US president and hopes the United States (US) will re-engage in multilateral trade talks, EU officials said on Monday.EU ministers responsible for trade were meeting by video conference on Monday, two days after Democrat Joe Biden...

UK sees goodwill for Brexit trade deal

LONDON, Nov 09 (Reuters): Britain said on Monday it was open to a "sensible" compromise on fishing and that there was goodwill on both sides to progress towards a Brexit trade deal as a new round of talks began in London.The United Kingdom (UK) left the European Union (EU) in...

Rise in exports offers Germany hope of avoiding Q4 slump

BERLIN, Nov 09 (Reuters): German exports rose by more than expected in September, and foreign trade gave Europe's largest economy a boost going into the fourth quarter as it struggles to avoid slipping into a double dip contraction.Seasonally adjusted exports rose 2.3 per cent on the month after an upwardly...

SoftBank H1net profit up 46.7pc to $18 billion

TOKYO, Nov 09 (AFP): SoftBank Group said Monday its first-half net profit soared 346.7 per cent, sealing a strong recovery after a massive annual loss, as tech stocks rally and the firm sheds assets to shore up its finances.Net profit for the six months to September came to 1.88 trillion...