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

Influx of BD workers from KSA continues unabated

The influx of Bangladeshi workers from Saudi Arabia continued unabated following raids by the Arab country against irregular foreign workers, sources said.According to the welfare desk at the Hazrat Shahjalal International Airport and Brac, some 1,561 Bangladeshi workers were deported from Saudi Arabia in the first two weeks of this...

BSFIC sends SOS for Tk 12.70b fund

The Bangladesh Sugar and Food Industries Corporation (BSFIC) has sent a distress signal to the government, seeking immediate sanction of Tk 12.70 billion to save the state-owned sugar mills.The corporation sought the fund as subsidy to cover for losses incurred due to mills selling sugar at the government-fixed rate, which...

Study soon to fix Eid-time rawhide prices

The government is all set to conduct a study on the fixing of rawhide prices and the skin buy-and-sale process to ensure rational rates during Eid-ul-Azha.The mechanism is aimed at avoiding the repeat of a debacle in the prices of the skins of sacrificial animals this year, officials said.Commerce ministry...

None to be poor by paying tax: Nasir

CHATTOGRAM, Nov 14: None will be poor by paying tax. Payment of tax increases the trade and commerce legally.Chattogram City Corporation (CCC) Mayor A J M Nasir Uddin said this while addressing the inaugural function of the weeklong divisional tax fair as the chief guest today in the port city.Commissioner...

Light machinery makers to get special incentive: Kamal Majumder

The government will provide special incentive for producing light machinery in the country, State Minister for Industries Kamal Ahmed Majumder said at a function on Thursday, reports BSS."We will bring all light machinery producing industries at a place for ensuring quick services," he said while speaking as the chief guest...

NBR accords reception to 119 best tax payers in Khulna, Rajshahi divs

The National Board of Revenue (NBR) in separate functions accorded reception to 119 highest tax payers in Khulna and Rajshahi on the occasion of income tax fair, reports BSS.Among them, 77 taxpayers of Khulna division were accorded reception in Khulna city and 42 of Rajshahi division were honoured in Rajshahi...

'Govt achieves tremendous success in different sectors'

Speakers at a programme have said the government, led by Prime Minister Sheikh Hasina, achieved tremendous success in different sectors in the last ten years, reports BSS."If the development trends continue, Bangladesh will be a middle-income country by 2021 and developed one by 2041 undoubtedly side by side with achieving...

BSVCFICA gets new executive body

Sharif Afzal Harun Or Rashid Sharif M Afzal Hossain has been elected President of the Bangladesh Survey & Valuation Companies Firms & Individual Concerns Association (BSVCFICA) for a three-year term 2019-2022.Engineer Md Harun Or Rashid Sumon has been elected Secretary of the Association for the next three years in an...

Dhaka, Moscow ink deal on economic ties

Russia will provide all sorts of cooperation to Bangladesh for developing the country's different sectors, including trade, economy, science and technology, reports BSS.In this regard, a protocol deal was signed on Thursday between the two friendly nations at the closing day of the three-day meeting of the delegations of the...

UAE, Egypt launch $20b joint investment programme

ABU DHABI, Nov 14 (AFP): The United Arab Emirates (UAE) and Egypt launched a $20 billion joint investment programme on Thursday to develop "economic and social projects".Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan made the announcement during a visit to the Emirati capital by Egyptian President Abdel Fattah...

China’s economy shows again signs of weakness

BEIJING, Nov 14 (AFP): China's economy betrayed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production while investment growth hit a record low as the trade US war takes its toll.The readings are the latest to give a headache to leaders...

US household debt nears $14t in Q3

NEW YORK, Nov 14 (AFP): Borrowing by American households rose for the 21st straight quarter in the July-September period and is more than $1.0 trillion above the prior peak set in 2008 at the outset of the global financial crisis, the New York Federal Reserve Bank said on Wednesday.Amid attractive...

McDonald’s to speed shift away from plastic in Europe

BRUSSELS, Nov 14 (AFP): Fast food giant McDonald’s is speeding up its move to minimise the use of plastic in its restaurants in Europe, where legislation on single-use items is becoming increasingly restrictive.The US burger behemoth announced on Thursday the introduction of new packaging in all its restaurants in Europe...

Dr. S.M. Abu Zafar (inset) addressing

Senior Consultant General of Apollo Hospital Dhaka Professor Dr. S.M. Abu Zafar (inset) addressing at a session on 'Breast Cancer Awareness' at the Knowledge Centre of Shimanto Bank Ltd in the city recently. Female officers of the bank participated at the session supported by Apollo Hospital Dhaka

Popular film actors Sadika Parvin Popy (7th from L)

Popular film actors Sadika Parvin Popy (7th from L) and Symon Sadik (next to her, in dark glasses) inaugurating an exclusive distributor's showroom of Walton named 'Brothers Electronics' by cutting a ribbon and a giant cake in Kazipur of Sirajganj district on Wednesday