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

EPB to launch pension scheme with own fund

The government is considering to introduce a pension scheme in the Export Promotion Bureau (EPB) to be financed by the own fund of the bureau soon.Commerce Minister Tofail Ahmed has already written a letter to Finance Minister Abul Maal Abdul Muhith seeking his consent in this regard, officials said.The finance...

World cup fever pushes up TV sales

Sales of television (TV) sets have marked a significant rise in the run-up to FIFA World Cup 2018, traders said.Consumers are mostly attracted by promotional offer from well-known electronics brands, they said.Moreover, festival allowances received by service holders ahead of Eid-ul Fitr have contributed to this surge. Sources said the...

E-carnival kicks off in city

An exposition on e-commerce began on the BRAC University campus on Sunday, aiming to help promote the sector among young entrepreneurs.E-commerce start-ups, mostly run by university students, are taking part in the two-day expo titled 'The e-carnival 3.0'.The Business Club of BRAC University, 'BIZ BEE', organised the edition of the...

Bhutan boulder export to BD hits bump in Indian territory

The growing export of Bhutanese boulders to Bangladesh has faced some problems recently while crossing the Indian territory.In two such incidents, boulder trucks were stopped in the Indian territory and charges were realised.The export of Bhutanese boulders to Bangladesh increased more than 500 per cent in the last one year.In...

ICT industry seeks tax exemption for ITES, Internet service

The ICT industry stakeholders have sought tax exemption for Information Technology Enabled Service (ITES), Internet service and networking equipment in the budget for fiscal year (FY) 2018-19.They made the call at a post-budget press conference at the National Press Club in the city on Sunday.The programme was jointly organised by...

NRBC Bank launches Shikkhaguru

NRBC Bank has launched 'Shikkhaguru', a special scheme with easy loan and other facilities for teachers of the country, says a statement. Special Assistant Secretary to the Prime Minister and Chairman of Kakoli High School & College Selima Khatun inaugurated the product at Dhanmondi Mohila Branch of the bank on...

Prime Bank gets vice chairmen

Mafiz Ahmed Bhuiyan Imran Khan The Board of Directors of Prime Bank Limited have unanimously elected Mafiz Ahmed Bhuiyan and Imran Khan as the new vice chairmen of the bank. They were elected for next two years in a recent board meeting, said a press statement.Mafiz Ahmed Bhuiyan is a...

China's inflation remains benign

BEIJING, June 10 (Xinhua): China's inflation remains benign as consumer price growth is mild and factory prices of industrial products slightly rising in May. National Bureau of Statistics (NBS) data showed Saturday that China's consumer price index, a main gauge of inflation, rose 1.8 per cent year-on-year in May.NBS statistician...

Trudeau to compromise on NAFTA clause

LA MALBAIE, Quebec, June 10 (Reuters): Canadian Prime Minister Justin Trudeau on Saturday rejected a U.S. demand for a sunset clause in NAFTA.However he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.US President Donald Trump insists that Canada and Mexico agree...

India strikes rice deal with China

NEW DELHI, June 10 (Reuters): China and India signed two deals - one on rice and the other on Brahmaputra River - on Saturday.Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the deals as they began the two-day Shanghai Cooperation Organisation (SCO) summit.Under the rice deal, certain...

Gucci tightens grip on suppliers

FLORENCE, Italy, June 10 (Reuters): Gucci is bringing more manufacturing in-house, as luxury firms step up efforts to meet rampant demand from Chinese shoppers with slicker operations.Gucci, the fashion powerhouse of Kering, also outlined plans at its strategy update to almost halve its reliance on independent leather goods suppliers.The step...

US jobs bonanza all but ensures Fed rate hike in June

WASHINGTON, June 10 (AFP): The US Federal Reserve this week will raise the key interest rate for the second time in 2018.It is working to stay one step ahead of inflation.A hiring spree in May helped drive the unemployment rate down to levels eerily similar to those recorded almost five...

Bangladesh's delegation to the Tallinn e-Governance Conference 2018 in Tallinn

State Minister for Information and Communication Technology (ICT), Zunaid Ahmed Palak, Managing Director of aamra companies, Syed Farhad Ahmed, and Bangladesh Ambassador to Denmark, Md. Abdul Muhith poseing with another member of Bangladesh's delegation to the Tallinn e-Governance Conference 2018 in Tallinn, Estonia recently

KAFCO donated the ambulance to Anjuman Mufidul Islam

Chief Corporate Officer of Karnaphuli Fertilizer Company Ltd. (KAFCO), Rabiul Haq Chowdhury, and Chief Operating Officer, Azizur Rahman Chowdhury, handing over a key of an ambulance to Vice President of Anjuman Mufidul Islam, Chattogram, M A Malek, and its General Secretary, Najmul Huq Chaudhury, recently in the port city. KAFCO...

Energypac Power Generation

Managing Director and CEO of Energypac Power Generation Ltd. Humayun Rashid, Director Enamul Haque Chowdhury, Head of Operation (Motor Vehicle Division) Jashim Uddin Sapon and Head of Unit (Ankai Bus) Faiaz H Chowdhury posing with Managing Director of Asia Aircon Shadhon Chandra Deb at a ceremony marking delivery of luxury...