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

Regulator asks MFIs to get its nod for procuring fixed assets

The regulator has asked the Micro Finance Institutions (MFIs) to obtain its prior permission for procuring fixed assets through spending money from their accumulated surplus, sources saidThe Microcredit Regulatory Authority (MRA) imposed the restriction against the backdrop of alleged violation of a spending limit from the surplus fund by many...

MTB signs partnership deal with UnionPay

Mutual Trust Bank Limited (MTB) recently signed a partnership agreement with UnionPay International, the largest card payment organisation in the world in terms of number of cards under issuance, said a statement.Under the agreement, MTB will issue UnionPay debit and credit cards (both contact and contactless) as the first private...

Overseas employment shrinks due to poor ME demand

The country's overseas employment continued to decline in the recent months due to lower demand for workers in the Middle East (ME) countries, according to official statistics.The sector insiders and experts said it would be hardly possible to achieve the target set by the government for the current calendar year...

BIFFL, BlueMount Capital sign deal to secure int'l finance

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has signed a memorandum of understanding (MoU) with BlueMount Capital, an Australian-headquartered corporate finance house, to collaborate on international financing of infrastructure and green projects in Bangladesh. Under the MoU, BlueMount Capital will work with the BIFFL, one of Bangladesh's major government-owned non-banking financial...

Revenue earnings of Ctg tax region jump over threefold in eight years

CHATTOGRAM, Nov 12: Revenue earnings of the Chattogram tax region have surged over threefold in the last eight years.The Income Tax division in Chattogram realized taxes totalling Tk 101.12 billion in the last financial year, 2017-18, while the figure was Tk 27.50 billion in 2009-10. In view of its performance,...

Mobile app to ease taxpayers' hassle

Customs, Excise and VAT Commissionerate (Dhaka East) of the National Board of Revenue (NBR) has introduced a mobile application called 'VAT East' to simplify VAT services for taxpayers, reports UNB. Using the app, common people, taxpayers and VAT officials can do their emergency work quickly and accurately without any cost.VAT...

BRAC Univ Career Fair begins

The BRAC University Career Fair-2018 kicked off on the university campus in the city on Monday, aiming to establish a bridge between fresh graduates and alumni and the corporate world. With the theme 'Campus to Corporate', the two-day fair organised by the university will promote the hiring and networking process....

Review policies and laws to end child labour

The government should initiate and review its policies and laws in order to achieve the Sustainable Development Goal (SDG) Target 8.7, speakers at a national consultation said on Monday.The SDG Target 8.7 calls for immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and end...

News Briefs(13-11-2018)

Malaysia wants to expand trade with BDMalaysia External Trade Development Corporation (MATRADE), the export promotion agency of Malaysia, has assured Bangladesh of providing all-out support for expanding business ties between the two friendly countries. To further promote bilateral trade between Malaysia and Bangladesh, MATRADE in cooperation of the Bangladesh Malaysia...