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

Smuggling threatens tea trading

Tea smuggling through border has constituted a potential threat to the business of local manufacturers, industry insiders said.The smuggling of various items, such as tea, has increased in volume through frontier areas, affecting the local tea market adversely, they added.The troubled tea gardeners have thus demanded that the government take...

Make health insurance mandatory

Experts at a seminar on Sunday called for making the health insurance mandatory in the country, saying that voluntary micro health insurance scheme has been proved ineffective in Asian countries.They also said the overall trend of health sector is on the decline even as the out-of-pocket (OOP) expenditure was supposed...

Govt promoting young entrepreneurs: Palak

State Minister for ICT Division Zunaid Ahmed Palak said on Sunday that the government is promoting innovations and entrepreneurship among the young generation to help them become self-reliant, reports BSS."The ICT Division is encouraging youths to generate innovative ideas to become self-reliant by utilising information and communication technology," he told...

Australia-BD trade confce in November

The 'Australia-Bangladesh Trade Conference, 2019' is going to be held in Sydney from November 13 to 15 with a view to expanding trade and business between the two friendly nations, reports BSS.The Bangladesh High Commission in Australia in association with the Australia Bangladesh Business Council (ABBC) will organise the conference.The...

AGM of Midland Bank held

The sixth annual general meeting (AGM) of the shareholders of Midland Bank Limited (MDB) was held at the boardroom of the bank's Head Office in the city Saturday, says a statement. Nilufer Zafarullah, Chairman of the board of directors of the bank, presided over the meeting attended by sponsors and...

Govt working for infra dev in rural areas: Shahriar

State Minister for Foreign Affairs Shahriar Alam has said the government has been working relentlessly for infrastructural development in the rural areas, reports BSS."The grassroots people are enjoying facilities of many of the development schemes implemented in every nook and corner of rural areas and social change has become visible...

Rangpur div producing surplus meat and eggs

The livestock sector has achieved autarky producing surplus meat and eggs in Rangpur division meeting nourishment of local population and contributing to achieve the sustainable development goals (SDGs), reports BSS.Officials at divisional office of the Department of Livestock Services (DLS) in Rangpur city said the animal husbandry, poultry and diary...

EPZs seek tax exemption similar to EZs

Industries at the Export Processing Zones (EPZs) have sought tax exemption and non-financial incentive similar to the investors at the Economic Zones (EZs) to attract more foreign investment and increase exports, reports BSS.The Bangladesh Export Processing Zones Authority (BEPZA) sent a letter to the Chairman of National Board of Revenue...

Fruit fair kicks off in Khulna

Department of Agricultural Extension (DAE) at Fultala upazila office in Khulna district launched the 'Fruit Fair 2019' aiming to create mass awareness among the people for planting saplings of trees.Narayan Chandra Chanda, MP, addressed at the inaugural session of the fruit fair as the chief guest, reports BSS.He opened the...

Make tax payment system more people friendly: Tajul

Local Government, Rural Development and Cooperatives (LGRD) Minister Md Tajul Islam on Sunday said people will feel encouraged to pay taxes properly if they are provided with smooth services, reports BSS."People will feel encouraged to pay taxes accordingly if they get proper service from local government institutions which will help...

China remains strong magnet for foreign investment

BEIJING, Sept 15 (Xinhua): China's latest foreign direct investment (FDI) data have testified the country's stronger appeal to foreign investors who have shown widespread optimism in a fast-growing market.In the January-August period, FDI expanded 6.9 per cent year on year to 604 billion yuan (about 85.36 billion US dollars). FDI...

Blame game as wheels come off India’s auto sector

NEW DELHI, Sept 15 (AFP): When India's Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters.They started a campaign using ironic hashtags such as Boycott Millennials and SayItLikeNirmalaTai last...

EU ministers ignore budget rule revamp for Italy

HELSINKI, Sept 15 (AFP): The EU's most powerful members ignored on Saturday a call by Italy to reform the European Union's budget rules, handing an early setback to the pro-European government in Rome.EU finance ministers meeting in Helsinki discussed a possible update to the EU's rules on public spending, but...

US Fed to cut rates again

WASHINGTON, Sept 15 (AFP): Facing a dauntingly uncertain economic horizon and ceaselessly pelted with insults and demands for stimulus from the US president, the Federal Reserve is set to cut interest rates in the coming week.Though Chairman Jerome Powell has at times struggled to send markets a clear message, since...

State Minister for ICT Division Zunaid Ahmed Palak (3rd from right)

State Minister for ICT Division Zunaid Ahmed Palak (3rd from right) and Managing Director and CEO of Eastern Bank Ltd (EBL) Ali Reza Iftekhar (2nd from right) formally launching EBL's journey with the national ID real-time verification portal -- porichoy.gov.bd -- at a ceremony at the ICT Division auditorium at...