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

NBR chief assures bond facility for exporting gold products

National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan on Sunday assured the gold traders and Jewellers of providing bond facility if they import gold with the intention to export back as finished products.He made the assurance at the inaugural session of a three-day 'Gold Fair - 2019', which aims...

Farm loan disbursement to cross FY '19 target

The farm credit disbursement is expected to cross the target by the end of this fiscal year (FY) as the central bank has beefed up efforts to make such credit available to the farmers, officials said.The expectation came after achieving more than 93 per cent of the annual agriculture loan...

UKBCCI wants to invest in special economic zone

The British-Bangladeshi businessmen have expressed their interest to have an exclusive economic zone for them. They also responded positively to a government idea of organising an investment summit in the country. Members of the UK Bangladesh Catalysts of Commerce and Industry (UKBCCI) also expressed their interest to invest in various...

Economists sceptical about high GDP growth rate

Terming the official data 'inconsistent', speakers at a panel discussion on Sunday said there remains 'mismatch' between the government GDP growth projection and major economic indicators.They also called for ensuring credible and timely data that could eventually help policymakers move towards evidence-based decision-making.The observations came at a panel discussion titled...

Thrust on removing trade barriers between Dhaka, Jakarta

CHATTOGRAM, June 23: Indonesian Ambassador to Bangladesh Rina P. Soemarno met with President of Chattogram Chamber of Commerce and Industry (CCCI) Mahbubul Alam at the CCCI Bhaban in the port city on Saturday.They exchanged views on business and investment between the two countries, especially bilateral trade and tariff-related barriers during...

Germany's Metro says $6.6b bid undervalues company

FRANKFURT, June 23 (Reuters): Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.On Friday, EP Global Commerce, an acquisition vehicle owned by the Czech and...

US currencies may become next global battleground

WASHINGTON, June 23 (AFP): US President Donald Trump's renewed focus on what he calls "unfair" exchange rates could presage a new global battlefield that has the potential to do great damage to the world economy.Trump has spent two years attacking the underpinnings of the global trading system, launching multi-front tariff...

Myanmar's foreign trade deficit registers $1.05b

YANGON, June 23 (Xinhua): Myanmar registered 1.05 billion US dollars of trade deficit as of June 14 in present fiscal year (FY) 2018-2019, according to the Commerce Ministry on Saturday.From October 2018 to June 14 this year, the country's export value reached 11.8 billion US dollars while its import totaled...

Khulna Division General Manager of Janata Bank

Khulna Division General Manager of Janata Bank Limited (JBL) Md Mahbubor Rahman presiding over its Khulna Division branch managers' conference in Khulna city recently with Chief Executive Officer & Managing Director Md. Abdus Salam Azad and other high officials of the bank present

General Manager of Anti-Money Laundering

General Manager of Anti-Money Laundering Division of Pubali Bank Limited Ershadul Haque presiding over a workshop on 'AML, CFT and Prevention of Trade Based Money Laundering (TBML)', jointly organised by Anti-Money Laundering Division and Dhaka Central Regional Office of the bank in the city recently with Managing Director & CEO...

Md Ashadul Islam

Md Ashadul Islam, senior secretary of Financial Institutions Division of Ministry of Finance, and Debasish Chakrabarty, managing director of Bangladesh House Building Finance Corporation (BHBFC), exchanging documents after signing an agreement on behalf of their respective institutions in the city recently

Dr Mohammed Abdur Rashid

Dr Mohammed Abdur Rashid, professor of University of Dhaka, and member of Shariah Supervisory Committee of Sonali Bank Limited (SBL), presiding over the 20th meeting of the committee of SBL at its conference room in the city on Sunday in presence of SBL Director Dr Md Nurul Alam Talukdar and...

9th AGM of Continental Insurance

Continental Insurance Limited Chairman AKM Azizur Rahman presiding over the 19th annual general meeting (AGM) of the company in the city recently. The AGM approved 5.0 per cent stock and 5.0 per cent cash dividend for the year ended on December 31, 2018