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

Help to rebuild economy, keep business out of politics, CA tells RMG industry

Professor Muhammad Yunus, Chief Adviser of the interim government, called on the country's garment manufacturers on Wednesday to support the rebuilding of Bangladesh after 15 years of economic plunder under the dictatorship of Sheikh Hasina, reports UNB.Speaking to the leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at...

No alternative to overhauling BFIU, ACC, relevant institutions: TIB

Transparency International Bangladesh (TIB) has emphasized that there is no alternative to strengthening and comprehensively reforming institutions to effectively combat corruption and money laundering and to ensure accountability by identifying those involved in such crimes, reports UNB.Despite substantial evidence of undeclared assets belonging to former land minister Saifuzzaman Chowdhury Javed...

New principal coordinator named for SDGs at CA's office

Lamiya Morshed has been appointed as the Principal Coordinator for Sustainable Development Goals (SDGs) affairs at the office of the Interim Government's Chief Adviser Prof Muhammad Yunus with the status of a senior secretary on a contractual basis, reports UNB.The Public Administration Ministry issued a notification to this end on...

Rupali Bank gets new chairman

Former deputy governor of Bangladesh Bank Nazrul Huda has been appointed as Director and Chairman of Rupali Bank PLC. The government has appointed this experienced banker as chairman of the state-owned Rupali Bank for a term of 3 years. The appointment was made through a notification issued by the Finance...

IFIC Bank PLC -

IFIC Bank PLC Managing Director Syed Mansur Mustafa spoke at the MD's Town Hall Meeting at the Multipurpose Hall of IFIC Tower in Dhaka on Wednesday.

Delta Life Insurance Company distributed umbrellas

Delta Life Insurance Company Limited distributed umbrellas among the students of anti-discrimination movement and policemen controlling traffic at Gulshan-2 in the city on Tuesday. The students were working tirelessly to control traffic defying rain or shine. Delta Life EVP (HR) Md Asaduzzaman Mallik, EVP (Group) Rajib Kanti Saha, SVP (Establishment)...

Benapole-Khulna-Mongla commuter train resumes operation

KHULNA, Aug 14 (BSS): The Khulna-Benapole-Mongla commuter train has started its operation today after 11 days shut down during quota reforms in government services and anti-discrimination students' movement.The Rail Way authority stopped the operation on Khulna-Benapole-Mongla route from last July seeming people security during country wide anarchy, vandalism and arson...

Bank accounts of ex-home minister Asaduzzaman Khan, family seized

The Bangladesh Financial Intelligence Unit (BFIU) has ordered the seizure of the bank accounts of formar home minister Asaduzzaman Khan, his wife Lutful Tahmina Khan, and their son and daughter, reports bdnews24.com.The BFIU issued the order on Tuesday.According to the BFIU directive, all personal and business accounts in the name...

Workers strike at world's biggest copper mine in Chile

SANTIAGO, Aug 14 (BSS): Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity.The Escondida mine in northern Chile yearly digs up around five percent of the...

UK annual inflation rises first time this year

LONDON, Aug 14 (AFP): Britain's annual inflation rate rose in July for the first time this year and is now back above the Bank of England's target, official data showed on Wednesday.The Consumer Prices Index (CPI) climbed 2.2 percent in the 12 months to July compared with a 2.0-percent annual...

New Chairman of the Chittagong Port Authority

New Chairman of the Chittagong Port Authority (CPA), Rear Admiral S.M. Moniruzzaman, met with the former officials of the port on Wednesday. The Retired Port Officers Welfare Association (RPOWA) greeted the new CPA chairman with a bouquet.

Reliance, Disney offer concessions to win antitrust nod for India media merger

NEW DELHI, Aug 14 (Reuters): Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said.Antitrust experts have warned that the...

N Zealand cuts rates for first time in four years

WELLINGTON, Aug 14 (AFP): New Zealand's central bank cut interest rates Wednesday for the first time in four years as worldwide efforts to rein in inflation draw to an end, though officials offered a warning about the global economic outlook.The Reserve Bank of New Zealand announced a 25-basis-point reduction in...

UBS to sell Credit Suisse's US mortgage servicing business

ZURICH, Aug 14 (Reuters): UBS on Tuesday agreed to sell Credit Suisse's US mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.Tuckner, who was speaking on a call with analysts following publication of the bank's latest results, said the transaction was expected to...

Egypt plans to add 30GW of renewable energy capacity

RIYADH, Aug 14 (Arab News): Egypt aims to save $4.1 billion annually in fuel costs by adding 30 gigawatts of new renewable energy capacity, as revealed in a recent government meeting.This initiative is part of the country's larger strategy to boost electricity generation from sustainable sources and lessen reliance on...