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

Names of CIP card recipients for the year 2017

The exporters received CIP cards are: Md Rabiul Ahsan, proprietor of Uttara Pat Sangstha, Sheikh Nasir Uddin, chairman of Akij Jute Mills Ltd, Md Fazlur Rahman, managing director of Rahman Jute Spinners Ltd, Sheikh Faruq Hossain, managing director of Ohab Jute Mills Ltd, Mohammed Humayun Kabir, chief executive officer of...

SBC posts 10pc net profit

The lone state-owned non-life insurer Sadharan Bima Corporation (SBC) fetched an approximately 10-per cent net profit after tax in the 2018 calendar year.The healthy profit is attributable to premium earnings from the government's mega development projects.SBC earned a net profit to the tune of Tk 2.33 billion in the year...

25,000 workers deported in 9 months

About 25,000 Bangladeshi workers were deported from different countries, about 50 per cent from Saudi Arabia, in almost nine months period of this year due to various factors like overstaying and lack of legal documents at the job destination countries. Of the total, about 1,000 were female workers.According to data...

BD products pull crowd at Paris

Bangladeshi products are drawing the attention of the visitors at the 'Texworld Paris', being held in the French capital from September 16 to 19, reports BSS.A total of 16 Bangladeshi apparel, fabric and leather garment manufacturers are taking part in the four-day tradeshow, said a press release in Dhaka on...

Young business leader Mujib among 10 UN SDG pioneers

The United Nations Global Compact has announced 10 new SDG Pioneers - young business leaders including one from Bangladesh who are doing an exceptional job to advance the Sustainable Development Goals (SDGs).The young business leader selected from Bangladesh is Mashook Mujib Chowdhury, Sustainability Manager of DBL Group, reports UNB.The 2019...

Chemical warehouse to be set up in Tongi

Bangladesh Steel and Engineering Corporation (BSEC) has initiated a move to set up a chemical warehouse in Tongi, on the outskirts of the capital, aiming to ensure the relocation of chemical warehouses from Old Dhaka within the shortest possible time.This project apparently sidelines the Munshiganj chemical estate project, which was...

‘Ease tender process to foster project implementation’

State Minister for Shipping Khalid Mahmud Chowdhury has called for avoiding lingering of tender process ofdevelopment projects for quicker implementation of the projects, reports BSS."Tender process should be bidders-friendly in the greater national interest," he told a meeting of Annual Development Programme (ADP) at the conference room of the ministry...

Mannan made Karmasangsthan Bank’s DMD

General Manager of Karmasangsthan Bank Md. Abdul Mannan has been promoted to Deputy Managing Director (DMD) of the state-owned specialised bank, says a statement.Born on 30 June, 1967, he started his career as a senior officer of Janata Bank Ltd in 1993.He obtained M.Com degree in finance from the University...

Indonesian co to supply 18 patrol boats

Indonesian shipyard PT Lundin (North Sea Boats) has completed all preparations to supply and assist with the construction of 18 high-speed patrol boats for Bangladesh, according to a report by www.janes.com.Necessary preparation for final delivery of the vessels, which have been built to the company's proprietary 'X12' design, was completed...

US lawmakers urge Trump admn to restore India’s trade privileges

NEW DELHI, Sept 18 (Reuters): Forty-four members of the US Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting US industry.In June, the United States ended its preferential...

Md. Momin Ud Dowlah

Md. Momin Ud Dowlah (C), Chairman and Managing Director of Eon Group of Industries Limited, inaugurating its 19th anniversary celebration programme by cutting a cake at Eon Convention Center in the city recently