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

RHD to pilot smart, AI-based tech with Korean grant fund

South Korea would provide Bangladesh with US$8.85 million in grants to build capacity in smart- and AI-based bridge maintenance technology across the country.The Roads and Highways Department (RHD) will shift from its manual bridge monitoring system to artificial intelligence (AI) and technology-driven approach, aiming to improve the effectiveness of regular...

UCB, PRAN-RFL Group team up to ease digital cash management

In a landmark move set to transform the digital financial landscape, United Commercial Bank PLC (UCB), a premier commercial bank in Bangladesh, and PRAN-RFL Group, the nation's leading industrial conglomerate, have signed a ground-breaking agreement, says a press release. This collaboration is aimed at simplifying, streamlining and enhancing the digital...

Source tax goes down to 5pc from 10pc

The National Board of Revenue (NBR) has halved the tax deducted at source on imported fresh fruits from 10 per cent to 5 per cent.On Thursday, the Income Tax Wing issued a Statutory Regulatory Order (SRO) in this regard.These fruits include fresh or dried oranges, fresh or dried citrus fruits,...

Gas reserves in European UGS facilities down to around 36%

MOSCOW, March 13 (TASS): Gas reserves in Europe's underground gas storage (UGS) facilities have fallen to around 36% for the first time in more than three years, while pumping into UGS facilities has slowed down amid a fall in temperature this week, according to data provided by Gas Infrastructure Europe...

AmCham hosts networking evening

The American Chamber of Commerce in Bangladesh (AmCham) hosted its prestigious Networking Evening followed by Iftar on Wednesday at the Sheraton Banani, reports BSS.Lieutenant General (Retd.) Abdul Hafiz, Special Assistant to the Chief Adviser (Defence and National Solidarity Development), attended the event.This exclusive event was attended by Megan Bouldin, Deputy...

UAE fund ploughs $2bn into Binance crypto exchange

DUBAI, March 13 (AFP): United Arab Emirates-based fund MGX has invested $2 billion to take a minority stake in cryptocurrency exchange Binance, the two sides said, calling it the biggest investment into a crypto company.MGX, headed by Sheikh Tahnoon bin Zayed Al Nahyan, brother of the UAE's president, also becomes...

893rd EC meeting of Shahjalal Islami Bank

Engineer Md. Towhidur Rahman, director of Shahjalal Islami Bank PLC (SJIB PLC) and member of the bank's Executive Committee (EC), presides over the 893rd EC meeting at its Corporate Head Office on Wednesday. SJIB Managing Director Mosleh Uddin Ahmed was also present among others.

Japan eyes boosting rice exports eightfold by 2030

TOKYO, March 13 (AFP): Japan wants to boost its rice exports almost eightfold by 2030, a ministry official said Thursday, despite currently suffering a domestic shortage of the grain.The country's rice consumption has more than halved over the past 60 years as diets have expanded to include more bread, noodles...

Chinese company to buy bankrupt German flying taxi firm

BERLIN, March 13 (AFP): Insolvent German flying taxi firm Volocopter is to be bought by a Chinese vehicle parts maker, just weeks after another German company in the field, Lilium, collapsed.The Chinese firm, Zhejiang Wanfeng Auto Wheel Co., put the price tag of the transaction at 10 million euros ($10.9...