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

New facility to cut lead time, transport costs

Lead time and transport costs are likely to be reduced significantly as a new provision will allow investors at export processing zones to use same containers for export-import shipments.Investors and officials said the facility, which has long been sought by investors, mainly by Japanese, will help cut congestion, transport costs,...

Detailed design for 31.2 km MRT Line-1 underway

Japanese experts have been preparing the detailed design of 31.24-km Mass Rapid Transit Line-1 (MRT Line-1) on Airport and Purbachal routes, reports BSS."During the coronavirus pandemic, consultants appointed for the project are engaged in Home Office Assignment/Home Assignment in Japan for preparing the detailed design of the MRT line-1," Managing...

Invest in data management: UN

UN Secretary-General Antonio Guterres has urged all to invest in and support the vital role of data in meeting the challenges, reports UNB."Let us commit to invest in and support the vital role of data in meeting the challenges of our time," he said in a message marking the World...

Insurance web portal launched

An insurance web portal has been launched in the city recently, aiming to provide information about various insurance services available in the country.Through this web portal -- finlite.com.bd -- clients can choose both life and non-life insurance products and get the services from any insurer online easily.Using the web portal,...

AK Khan & Co gets new CEO

KAM Majedur Rahman has joined the AK Khan & Company Limited as its Chief Executive Officer (CEO) recently, says a statement. Mr Rahman, a former banker with expertise in strategic planning, business development, information technology, risk management and capital market operation has worked in key positions in banks in Bangladesh,...

China’s super rich got $1.5t richer during pandemic

BEIJING, Oct 20 (AFP): China's super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce and gaming boomed during pandemic lockdowns, an annual rich list said Tuesday.An extra 257 people also joined the billionaires club in the world's number-two economy by...

Sweden bans Huawei, ZTE from upcoming 5G networks

STOCKHOLM, Oct 20 (Arab News): Swedish regulators on Tuesday banned the use of telecom equipment from China's Huawei and ZTE in its 5G network ahead of the spectrum auction scheduled for next month.The Swedish Post and Telecom Authority (PTS) said auctions the setting of the license conditions followed assessments by...

Walmart cranks up advertising drive, with or without TikTok

PENNSYLVANIA, Oct 20 (Reuters): Walmart Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo.The world's largest retailer is making better use of its wealth of shopper data to link promotions...

Ice cream sales deliver cool quarter for KSA’s Sadafco

LONDON, Oct 20 (Arab News): Ice cream sales helped to boost earnings at Saudia Dairy and Foodstuff (Sadafco) in the second-quarter as the food processor maintained its market share in the Kingdom.Second-quarter net profit rose 7.9 per cent to $18.7 million (SR70.2 million) compared with a year earlier, the company...

Md Tajul Islam inaugurating the Jamuna Bank Foundation Dialysis Centre

LGRD and Cooperatives Minister Md Tajul Islam inaugurating the Jamuna Bank Foundation Dialysis Centre at Laksam in Cumilla as the chief guest recently. Nur Mohammed, chairman of the Jamuna Bank Foundation and chairman, EC Committee of the board of the bank, Mirza Elias Uddin Ahmed, managing director and CEO of...

Fareast Islami Life Insurance Company held Service Centre and Divisional Incharge Conference-2020

Fareast Islami Life Insurance Company Limited held the Service Centre and Divisional Incharge Conference-2020 in the city recently with its Chairman Md Nazrul Islam as the chief guest and its Vice Chairman Prof Dr Iffat Jahan and Chief Consultant Md Ali Hossain as special guests. Chief Executive Officer Md Hemayet...

Bogura Zone of IBBL organised webinar on 'Compliance of Shari'ah in Banking Sector'

Bogura Zone of Islami Bank Bangladesh Limited (IBBL) organised a webinar on 'Compliance of Shari'ah in Banking Sector' recently. IBBL Director Khurshid-Ul-Alam, Additional Managing Director Mohammed Monirul Moula, Shari'ah Supervisory Committee Member Secretary Prof Dr Mohammad Abdus Samad, Head of Bogura Zone Md Abdus Sobhan and Executive Vice President Md...