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

Don't slap ban or duty on raw jute export

Raw jute exporters called on the government on Monday to refrain from imposing any ban or duty on the export of raw jute to protect this sector.The Bangladesh Jute Association (BJA) and the Shippers Council of Bangladesh (SCB) came up with the demand at a press conference at a city...

Mutual Trust Bank signs MoU with UPSL

The Mutual Trust Bank Limited (MTB) signed a Memorandum of Understanding (MoU) with United Property Solutions Limited (UPSL) at a function at United House, Madani Avenue, in the city on Monday.Under the MoU, the clients of UPSL will be able to avail home loan with 50 per cent waiver on...

Asia Ins re-elects Yussuf Abdullah chairman, Mahbubul vice-chairman

Yussuf Abdullah Harun, MP, and Mahbubul Alam, president of the Chattogram Chamber of Commerce and Industry (CCCI), have recently been re-elected chairman and vice-chairman of the board of directors of Asia Insurance Limited respectively.This was disclosed at the 143rd board of directors meeting of the company through digital platform on...

Full electrification in grid regions by December: Nasrul Hamid

RAJSHAHI, Sept 21: State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Monday, 'The government of Sheikh Hasina will ensure a balanced distribution of electricity in all areas of the country. 100 per cent electrification will be completed in grid regions of the country by December this...

Call for cost audit certification by CMA firms for listed cos

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a webinar on "Public Financial Management in Bangladesh" on Sunday, says a statement. Mohammad Muslim Chowdhury, Comptroller and Auditor General of Bangladesh, joined the programme as Chief Guest and Md. Mamun-Al-Rashid, Member (Secretary), Industry and Energy Division of Planning...

Dr Engr Rashid Ahmed Chowdhury inaugurating the relocated 'Kapilmuni Bazar Branch'

Bangladesh Commerce Bank Limited Chairman Dr Engr Rashid Ahmed Chowdhury inaugurating the relocated 'Kapilmuni Bazar Branch' of the bank by appearing on the digital platform as the chief guest on Sunday while its Managing Director (Current Responsibilities) Zafar Alam presided over the programme

Prof Dr Abul Hashem

Prof Dr Abul Hashem, chairman of BASIC Bank Limited, Md Razib Pervez and Md Rafiqul Islam, directors, Md Rafiqul Alam, managing director of BASIC Bank Limited, paid homage by placing a wreath at the portrait of Bangabandhu Sheikh Mujibur Rahman at Dhanmondi 32 on Monday

Britain has taken robust action to stop dirty money

LONDON, Sept 21 (Reuters): Britain has taken robust action to crack down on dirty money in recent years, its government said on Monday in response to reports that HSBC, Barclays and other banks moved large sums of allegedly illicit funds despite red flags about the origins of the money."Criminals should...

UAE dives into Lake Manzala project

CAIRO, Sept 21 (Arab News): The UAE National Marine Dredging Company (NMDC) has announced that it won the rights to the expansion project of Lake Manzala in Egypt, valued at 600 million UAE dirhams ($163 million).The company's announcement of the new project came following a disclosure published on the Abu...

UK firms voluntarily return £215m in furlough cash

LONDON, Sept 21 (BBC): UK firms have voluntarily returned more than £215m to the government in furlough scheme payments they did not need or took in error.According to HMRC figures, some 80,433 employers have returned cash they were given to help cover workers' salaries.The money returned is a tiny part...

Ending VAT-free shopping 'will hit UK tourism and retail'

LONDON, Sept 21 (BBC): A government plan to end VAT-free shopping for international visitors at the end of the year could cost the UK billions of pounds in lost income, travel and retail bosses have warned.In a letter to the chancellor, the heads of firms such as Marks & Spencer,...