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

City Gr to pour $ 100m into dedicated zone

City Group has decided to pump US$ 100 million this year into a dedicated economic zone as part of its expansion plan.The consumer goods colossus would set up several industrial units on 77.96 acres of land in Roopganj upazila of Narayanganj near the Shitalakkha River.Chairman and managing director (MD) of...

VAT online project gets revision in cost, time

The government revised the VAT online project for the second time with increased cost and extended implementation period.The Executive Committee of the National Economic Council (ECNEC) endorsed the development project along with 13 others on Tuesday at a total cost of Tk 62.28 billion at its meeting at the Planning...

Small firms start getting ADB-funded firepower

A total of 19 financial institutions have started disbursing money from an Asian Development Bank (ADB) fund meant for small firms, which can meet the financial needs of genuine entrepreneurs.The ADB and the government have allocated US$240 million or equivalent to approximately Tk 1.92 billion for the small and medium...

FBCCI demands 5.0pc interest rate on flat loan

The country's apex trade body on Tuesday demanded of lowering the interest rate on flat purchase loan to 5.0 per.The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) also called for rescheduling the repayment period to at least 10 years to help give an impetus to the country's real...

Proposal to create nat'l database gets govt nod

The government has finally approved a proposal for creating a national database of investors aiming to modernise management of savings tools and convert those to a sustainable source of deficit financing, officials said.To this effect, the Ministry of Finance has asked the Internal Resources Division (IRD) to take necessary measures.The...

Dhaka int'l textile, garment machinery expo starts Feb 8

The Dhaka International Textile and Garment Machinery Exhibition (DTG) 2018 will kick off at Bangabandhu International Conference Centre (BICC) in the capital on February 8, says a statement.The Bangladesh Textile Mills Association (BTMA) and Yorkers Trade & Marketing Service Co, Ltd will jointly organise the four-day exposition where a large...

Tesla says CEO Musk to get paid only when co performs well

NEW YORK, Jan 23 (Reuters): Tesla Inc said on Tuesday its Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if Tesla and all of its shareholders do extraordinarily well.The compensation will be based on a performance award, which will...

Bacardi to buy out Patron tequila in $5.1b deal

MEXICO CITY, Jan 23 (Reuters): Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at US $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit.The deal comes five months after Diageo bought George Clooney's Casamigos tequila for...

India's growth set to lead global economy, says a survey

India's economy holds the brightest growth prospects amongst the world's seven largest economies, according to results from the Global Trade Barometer released on Monday by DHL, the world's leading logistics company, says a Media Outreach statement.The first ever DHL Global Trade Barometer, an early indicator of global trade developments calculated...

News in Brief --(24-01-2018)

11 states to sign Asia-Pacific trade deal in Mar sans USTOKYO, Jan 23: Eleven countries aiming to forge a new Asia-Pacific trade pact after the United States pulled out of an earlier version will hold a signing ceremony in Chile in March, Japan's economy minister said on Tuesday in a...

Chairman of Society for the Welfare of Autistic Children Anwar Hossain and executive director of Bangladesh Protibondhi Foundation Shamim Ferdous receiving donation

Chairman of Society for the Welfare of Autistic Children Anwar Hossain and executive director of Bangladesh Protibondhi Foundation Shamim Ferdous receiving donation cheque from chief operating officer of Commercial Bank of Ceylon Najith Meewanage at a function in Dhaka recently

Sri Lankan Airlines celebrated the first anniversary of its operations in Bangladesh

Sri Lankan Airlines celebrated the first anniversary of its operations in Bangladesh by cutting cake at a function in Dhaka recently. Sri Lankan Airlines Country Manager Shermal Perera and Bangladesh General Sales Agent Chairman Mahbubul Anam were, among others, present on the occasion.

Reliance Finance Limited shifts its Agrabad branch to WTC

Reliance Finance Limited has shifted its Agrabad branch to World Trade Center (WTC) in Agrabad Commercial Area of Chittagong City. Vice Chairman Abdus Samad inaugurated the branch as the Chief Guest recently. Managing Director Dr Md Jalal Uddin and top executives of the company were present, among others.

'21st Protocol Formalities and Articulation Course' of BSTD

Officials of Petrobangla, Titas Gas Transmission and Distribution Company Ltd, Sylhet Gas Fields Ltd, Karnaphuli Gas Distribution Company Ltd, banks, insurance companies and other government, autonomous and private organisations pose for photo after taking part in the '21st Protocol Formalities and Articulation Course' of BSTD at its head office in...