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

Improve doing business index to attract investment: ICCB

Bangladesh is likely to be the biggest mover in the global gross domestic product (GDP) in 2030 through becoming the 26th largest economy in the world as predicted by HSBC Global Report "the World in 2030"."The country is going to become the 26th largest economy in the world from the...

Don't use microcredit funds for foreign trips Regulator asks MFIs

The Microcredit Regulatory Authority (MRA) has instructed the micro-finance institutions (MFIs) not to use the fund meant for microcredit for overseas travel of its high officials, including the CEOs. In a circular issued recently, the regulator also suggested avoiding unnecessary foreign trips in order to save money. The MFIs were...

BR decides to build Kalurghat Bridge with dual gauge track

Bangladesh Railway (BR) has finally decided to construct a dedicated railway bridge with dual gauge rail track at Kalurghat in Chattogram city.It will replace the century-old rail bridge which has already become vulnerable to train movement, official sources said.Earlier, the state-owned train operator decided to replace the old bridge with...

CSR Centre releases annual report

The CSR Centre has launched its annual CSR report titled "Report on CSR in Bangladesh 2018: Achieving Impact through CSR Action" at a city hotel recently. The report disseminated how the corporate are engaged in CSR programmes and projects in Bangladesh and abroad. As Bangladesh is implementing the SDGs at...

IOM to create job portal for migrant workers

The International Organisation for Migration (IOM) has teamed up with Bdjobs.com Ltd. to create an online job portal for overseas jobseekers to provide latest job-related information and connect them directly with employers. Both the organisations have signed a Memorandum of Understanding (MoU) to this end recently, according to a press...

FinExcel organises training

Financial Excellence Limited (FinExcel) organised a training on 'Corporate Account Management' in the capital recently, says a statement.Chairman of Financial Excellence Limited Syed Abu Naser Bukhtear Ahmed inaugurated the two-day training programme at a ceremony.Mid-level executives from BRAC Bank Limited participated in the training programme.

BEZA one-stop service centre by Mar

Preparations are underway to establish a one-stop service (OSS) centre by next March to facilitate local and foreign investors in the country's economic zones (EZs).The Bangladesh Economic Zones Authority (BEZA) is setting up the OSS with the support of Japan International Cooperation Agency (JICA).The BEZA disclosed this at a seminar...

Sonali Investment Ltd holds AGM

The eighth Annual General Meeting (AGM) of Sonali Investment Limited, a subsidiary of Sonali Bank Limited, was held in the capital on Wednesday.Chairman of board of directors of Sonali Bank Ltd. and Sonali Investment Ltd. Md Ashraful Moqbul presided over the meeting, says a statement.Chief Executive Officer (CEO) and Managing...

German economy shrinks

FRANKFURT AM MAIN, Nov 14 (AFP): Germany, Europe's largest economy and top exporter, went into reverse in the third quarter, shrinking 0.2 per cent after a gain of 0.5 per cent in the previous three months, official data showed on Wednesday.It was the first quarter-on-quarter fall in gross domestic product...

Chairman of IFIL Shibbir Mahmud presiding over 243rd meeting of the Board of Directors

Chairman of Islamic Finance and Investment Limited (IFIL) Shibbir Mahmud presiding over the 243rd meeting of the Board of Directors of the company in the capital on Wednesday with Executive Committee Chairman Anwar Hossain Chowdhury and Managing Director and Chief Executive Officer (CEO) AZM Saleh and Audit Committee Chairman Md....

Mohiuddin Monem wins NBR accolade for fifth consecutive year

ASM Mohiuddin Monem A.S.M. Mohiuddin Monem, Deputy Managing Director of Abdul Monem Ltd. and Chairman of ServicEngine Ltd., has been honoured as a top taxpayer by the governmet for five consecutive years from the fiscal year (FY) 2013-2014 to FY 2017-2018, says a statement of the company.In his reaction, Mohiuddin...

Sri Lanka raises key rates in surprise move to support currency

COLOMBO, Nov 14 (Reuters): Sri Lanka's central bank unexpectedly raised its key policy rates on Wednesday, a move aimed at defending a faltering rupee currency as foreign capital outflows pick up amid a deepening political crisis and rising U.S. interest rates.Immediately after the tightening, however, the rupee dropped to a...

EU plan to enable non-dollar Iran trade falters

PARIS/VIENNA/BRUSSELS (Reuters): A special European Union initiative to protect trade with Iran against newly-reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment. EU diplomats said the main European powers - Germany, France and Britain - would raise pressure...

Flipkart CEO quits amid misconduct probe

MUMBAI, Nov 14 (AFP): The chief executive and co-founder of Indian e-commerce giant Flipkart, majority owned by US group Walmart, quit on Tuesday following an investigation into "serious personal misconduct".A joint statement from the two companies said that Binny Bansal denied the unspecified allegations and that the independent probe "did...