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

Production at CUFL resumes after eight months

CHATTOGRAM, Oct 15: Production at the state-owned Chattogram Urea Fertiliser Company Limited (CUFL) resumed on Monday, eight months after it was suspended for unavailability of gas supply as well as for renovation of the machinery.The factory resumed its production after receiving a limited gas supply from Karnaphuli Gas Distribution Company...

Govt considers removing VAT on edible oil imports

The government is considering withdrawal of 5.0 per cent value-added tax (VAT) at the import stage of soybean and palm oils, aiming to keep the supply and prices stable in the market.The commerce ministry would soon request the National Board of Revenue (NBR) to take necessary measures in this regard...

StanChart partners with T.K. Group

Standard Chartered Bangladesh recently implemented a unique structured trade solution for T.K. Group, helping them navigate challenging market conditions to procure critical commodities with unmatched efficiency. The facility is supporting import of critical commodities such as refined, bleached, and deodorised (RBD) palm olein; crude degummed soybean oil (CDSO); wheat; and...

Grameenphone Academy launches 'Freelancing Factory'

Grameenphone, through its free Learning Management System, Grameenphone Academy, has launched 'Freelancing Factory', an initiative designed to equip students with the necessary training, and mentorship required to build a freelancing career. This programme aims to bridge job market gaps, unlock economic potential, and empower the next generation, ushering in a...

DCCI calls for automation in port operations

Dhaka Chamber of Commerce and Industry (DCCI) President Ashraf Ahmed on Tuesday called for automation in port operations, increasing logistics facilities and reducing gap regarding coordination among related organizations, reports BSS."Automation in port operations, increasing logistics facilities, improving coordination of related government agencies, improving balance of payment conditions, increasing foreign...

Global public debt to top $100tn: IMF

The world's total public debt is set to exceed $100 trillion this year for the first time and may grow more quickly than forecast as political sentiment favours higher spending and slow growth amplifies borrowing needs and costs, the International Monetary Fund said on Tuesday.The IMF's latest Fiscal Monitor report...

Apple rolls out new iPad mini with AI features

Apple on Tuesday launched its new generation of the iPad mini packed with AI features including writing tools and an improved Siri assistant, as the iPhone maker races to boost its devices with artificial-intelligence capabilities, reports Reuters.The new iPad mini is powered by Apple's A17 Pro chip, which is used...

FIRST SECURITY ISLAMI BANK BOARD MEETING HELD -

A meeting of the Board of Directors of First Security Islami Bank was held at the board room of FSIB Head Office in Dhaka on Monday, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. The Board expressed satisfaction with recovering defaulted investments amounting to Tk 6.0 billion...

Midland Bank and A P FEED sign MoU

Midland Bank and A P FEED signed a Memorandum of Understanding (MoU) at the bank's corporate head office in Dhaka recently. Maruf Haider, Executive Vice President, Institutional Banking Division, Midland Bank, and Masudul Hasan, Proprietor, A P FEED, signed the MoU. Under the MoU, A P FEED will use the...