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

BR seeks extra Tk1.95b for land acquisition, two years more

The Bangladesh Railway (BR) has sought an additional Tk1.95 billion for acquiring 3.347 acres of land for the Jamuna railway bridge construction projects, officials said on Tuesday.The BR has proposed an increase of the land acquisition cost by 56.41 per cent to Tk 5.422 billion from the existing estimation of...

Free flow of info curbs corruption, says CAAB Chairman

Civil Aviation Authority of Bangladesh (CAAB) Chairman Air Vice Marshal Md Mostafa Mahmood Siddiq Thursday said free flow of information plays a significant role in enhancing administrative efficiency and preventing corruption, reports BSS.He made the remarks while addressing a training programme virtually as the chief guest on the Right to...

Barapukuria Unit-I resumes power generation

DINAJPUR, Jan 22 (BSS): Electricity generation has resumed at Unit-1 of the Barapukuria coal-fired Thermal Power Plant here after a four-day shutdown caused by a boiler tube failure.Chief Engineer of the Barapukuria Thermal Power Plant under Parbatipur upazila, Md Abu Bakar Siddique, confirmed the development saying Unit-I restarted at 11:03...

EBL, icddr,b renew partnership for National Biohazardous Waste prog

Eastern Bank PLC (EBL) and icddr,b have renewed their partnership for the third consecutive year, reaffirming their joint commitment to improving public health and environmental sustainability in Bangladesh.A cheque handover ceremony under an existing MoU was held at the bank's head office in Dhaka on Thursday. Ahmed Shaheen, Additional Managing...

Community Bank, Sandhani Life sign bancassurance deal

Community Bank Bangladesh PLC and Sandhani Life Insurance Company Ltd have signed a bancassurance agreement aimed at providing integrated insurance services to customers across the country.Through this partnership, insurance products of Sandhani Life Insurance will be made available to customers through the distribution network of Community Bank, says a press...

Outward remittance repatriation approval now fully online via BIDA OSS portal

The Bangladesh Investment Development Authority (BIDA) has officially activated its outward remittance repatriation approval service through the BIDA One Stop Service (OSS) online portal, providing full digital processing for approvals related to royalty, technical know-how, technical assistance and franchise fees, reports BSS.The service, which had previously existed only in offline...

Children of UCB employees will get special discounts at Scholastica

United Commercial Bank PLC (UCB) has signed a Memorandum of Understanding (MoU) with Scholastica, one of the country's leading educational institutions, to create enhanced educational opportunities for the children of UCB employees. The signing ceremony was held at UCB's head office on Thursday. The agreement was signed by Syed Hasnain...

Meghna Bank holds annual business conference

The Annual Business Conference of Meghna Bank PLC was held at a city hotel recently. Uzma Chowdhury, Chairperson of the bank attended the event as the chief guest while Syed Mizanur Rahman, Managing Director, presided over the event. Key figures at the conference included Habibur Rahman, Independent Director, Member of...

US, Denmark to renegotiate 1951 Greenland defence pact

DAVOS, Jan 22 (AFP): The United States and Denmark will renegotiate a 1951 defence pact on Greenland, a source familiar with talks between President Donald Trump and NATO chief Mark Rutte told AFP Thursday.The source said that European allies would also step up Arctic security, but insisted that placing American...