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

Revenue shortfall, weak tax culture undermining development goal

Bangladesh's chronic revenue shortfall and lack of tax compliance are at the heart of its fiscal and developmental challenges, said Anisuzzaman Chowdhury, special assistant to the chief adviser of the interim government, on Monday.He made the observation at a post-budget discussion organised by the Metropolitan Chamber of Commerce and Industry...

Food grain import costs set to outpace volume growth this fiscal

The country's food grain import cost is set to be considerably higher than the growth of its import volume in the outgoing this fiscal, available data revealed. According to the Ministry of Food, imports of food grain both by private traders and the government are expected to reach nearly 7.0...

Standard Bank gets new EC Chairman

Ferdous Ali Khan has been elected as the Chairman of the Executive Committee of the Board of Directors of Standard Bank PLC in its 411th meeting held recently, says a statement. A pioneer in the tailoring industry, Mr Khan founded the country's renowned tailoring brand 'Ferdous Tailors & Fabrics' in...

Exim Bank's acting MD resigns

M Akhtar Hossain, acting managing director of Exim Bank, has recently resigned from his post at the Shariah-based lender amid ongoing discussions regarding the merger of five Islamic banks.Mr Hossain, a seasoned banker, joined Exim Bank as additional managing director in January this year, following his departure from Shahjalal Islami...

Afroza Shahin appointed new MD of TEAM Group

Afroza Shahin, wife of the founder and former managing director of TEAM Group, Abdullah Hil Rakib, has been appointed as the new managing director of the group following his tragic and untimely death.On June 8, Abdullah Hil Rakib and his close friend, Captain Md Saifuzzaman Guddu, a senior pilot at...

New mobile app launched to check market prices

From now on, people can check retail prices of goods across the country using their mobile phones.On Monday, Alim Akhter Khan, Director General of the Directorate of National Consumer Rights Protection (DNCRP), officially launched an Android app called 'Bazardor' at a programme, held at DNCRP office in the city.At the...

Trust Bank PLC and ACI Logistics sign Agreement

An Agreement has recently been signed between Trust Bank PLC and ACI Logistics Ltd (Shwapno Supershop). Under this Agreement, Trust Bank Credit Card holders can avail up to 15% cashback while shopping at any Shwapno Supershop outlet or on its E-commerce platform. In presence of Ahsan Zaman Chowdhury, Managing Director...

SBI hosts AML/CFT training session

State Bank of India, Bangladesh Operations, organised an "AML / CFT Training & Awareness Session" with a view to creating awareness among the staffs to instill a proactive culture. The training was held on the Country Office premises recently. A. K. M. Nurunnabi, Additional Director, and Ibna Ahsan Kabir, Joint...

Airlines weigh Middle East cancellations

Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the U.S. attacked key Iranian nuclear sites and Tehran vowed to defend itself, reports Reuters.Cancellations in recent days to typically resilient aviation...