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

Foreign Ministers of Bangladesh and Malaysia exchange documents after signing an instrument

Foreign Ministers of Bangladesh and Malaysia exchange documents after signing an instrument on cooperation in research and capacity building in counter-terrorism and a bilateral document on investment in the presence of Prime Minister Tarique Rahman and his Malaysian counterpart Anwar Ibrahim at the Malaysian Prime Minister's Office on Monday.— PID

Pricing gap may cost govt Tk 40.6b in cigarette tax revenue: PPRC

The government could lose more than Tk 40.6 billion in annual cigarette tax revenue due to a mismatch between official prices and actual retail sales in the low- and medium-tier segments, according to a study by the Power and Participation Research Centre (PPRC).The findings were unveiled at a press conference...

Dhaka Bank signs deal with SME Foundation

Dhaka Bank PLC has signed participation agreement with SME Foundation under the Food Value Chain Improvement Project (FVCIP) funded by JICA and the Revolving Fund through the Special SME Credit Wholesaling Program. Under these agreements, Dhaka Bank will provide financing support to CMSME Businesses across the country at concessional interest...

Gold price increases by Tk 4,432 per bhori

The price of gold at the local market has risen by Tk 4,432 per bhori (11.664 grams).The latest hike has pushed the rate of 22-carat gold to Tk 230,772 per bhori, including VAT, under the revised pricing. BAJUS Standing Committee on Pricing and Price Monitoring at a meeting on Monday...

Govt aims to cut business startup time to 14 days: Minister

The government is aiming to reduce the time required to start a business in Bangladesh to just 14 days by simplifying licensing procedures and eliminating bureaucratic bottlenecks, Commerce Minister Khandaker Abdul Muktadir said on Monday.The initiative is part of broader efforts to create a more business-friendly environment, he said at...

Fire at New Mooring Terminal disrupts container handling

CHATTOGRAM, June 22: A fire broke out at the New Mooring Container Terminal (NCT) of Chittagong Port on Monday afternoon, forcing a temporary suspension of container handling operations at Jetty No. 4.Officials of the Chittagong Port Authority (CPA) said the blaze originated in the engine of a Rubber Tyred Gantry...

BPC incurs Tk 170b in losses on fuel imports since March: Minister

The state-run Bangladesh Petroleum Corporation (BPC) has lost more than Tk 170 billion in the past three and a half months, Energy Minister Iqbal Hassan Mahmood Tuku has said.He disclosed the figure in parliament on Monday, citing letter-of-credit (LC) payments for fuel imports between March 1 and June 11, reports...

SHAHJALAL ISLAMI BANK HOLDS WORKSHOP ON FINANCIAL LITERACY

Shahjalal Islami Bank PLC organised a half-day financial literacy workshop on the use of cashless transactions at Uttara Branch recently. Managing Director of the bank Mosleh Uddin Ahmed was present as the chief guest, while it was moderated by Mohammed Abu Shayem, Head of the Risk Management Division and Financial...

NCC BANK HOLDS SHARI'AH SUPERVISORY COMMITTEE MEETING

The 10th meeting of the Shari'ah Supervisory Committee of NCC Bank was held at the Board Room of NCC Bank Bhaban recently. Chairman of the committee Dr. H.M. Shahidul Islam Barakati presided over the meeting. Chairman of the Bank Md. Nurun Newaz Salim and Director & Chairman of the Executive...

CITIZENS BANK HOLDS SHARI'AH SUPERVISORY COMMITTEE MEETING

The first meeting of the Shari'ah Supervisory Committee of Citizens Bank PLC was held recently at the bank's head office in Dhaka. The meeting was chaired by Professor Dr. Mohammad Abdus Samad, Chairman of the Shari'ah Supervisory Committee. Alamgir Hossain, Managing Director of Citizens Bank, Md. Mostafizur Rahman and Md....

AL-ARAFAH ISLAMI BANK HOLDS WORKSHOP ON LITIGATION MANAGEMENT-

Al-Arafah Islami Bank held a daylong training course titled 'Litigation Management' at the bank's training institute. Managing Director and CEO of the bank Mohd. Rafat Ullah Khan inaugurated the course virtually as the chief guest on Saturday. Joint District Judge of the Financial Debt Court, Dhaka Md. Mosarraf Hossain was...