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

Getting Bins lands big firms in trouble

Large companies that are producing backward linkage products are facing difficulties in obtaining business identity. The National Board of Revenue issues central Business Identification Numbers.In the 1991 Vat law, companies that maintain a central accounts system were enjoying the central registration facility.However, the complexities erupted after the new Vat law,...

Chinese co wants to invest in food processing sector

A Chinese company, High-Tech Seed Ltd, expressed on Monday interest to invest in food processing sector of Bangladesh, officials said. Company chairman Jiang Sanquiao expressed the interest at a meeting with agriculture minister Dr Muhammad Abdur Razzaque at Bangladesh Secretariat in the capital, considering the business potential. An agriculture ministry...

Thrust on ensuring safe migration

Migrant rights groups suggested on Monday the need for internal coordination among ministries, NGOs and other stakeholders concerned to ensure safe and orderly migration of Bangladeshi workers.They were speaking at a workshop titled 'Brainsto-rming, Conceptualization and Identifying Key Stakeholders to Develop Framework for Coordination along with Draft Strategy Plan'.Different Non-Governm-ental...

Pubali Bank Limited Chairman M. Azizul Huq

Pubali Bank Limited Chairman M. Azizul Huq (6th from R) inaugurating the bank's Islamic banking window at CDA corporate branch in Chattogram recently with the bank's Managing Director Md. Abdul Halim Chowdhury (5th from R), directors, senior executives and local elite present

Md. Ahsan-uz Zaman (3rd from R, front row)

Managing Director and CEO of Midland Bank Limited (MDB) Md. Ahsan-uz Zaman (3rd from R, front row) and CEO of Prime Islami Life Insurance Limited (PLIL) Md. Apel Mahmud (2nd from R, front row) exchanging documents after signing a memorandum of understanding on behalf of their respective organisations in the...

UNCTAD info-graphic

UNCTAD info-graphic depicts the world's top-10 ports in terms of increase in the Liner Shipping Connectivity Index (LSCI), 2019. China has retained its lead as the country best connected to others by sea. Bangladesh ranked 93rd in the index for 13-year period

Huawei CFO’s arrest at airport to be focus of Vancouver hearing

VANCOUVER, Sept 23 (Reuters): Lawyers for Huawei Chief Financial Officer (CFO) Meng Wanzhou will be in a Canadian courtroom on Monday to press for details surrounding her arrest at Vancouver's airport nearly 10 months ago.Meng (47), was detained on Dec 01 at the request of the United States, where she...

UAE expects 2.4pc GDP growth in 2019

DUBAI, Sept 23 (Reuters): The United Arab Emirates (UAE) expects its economy to grow 2.4 per cent in 2019, driven by faster growth in the oil sector, the central bank said in a report on Sunday.The economy grew 1.7 per cent in 2018, according to preliminary data released by the...

Myanmar draws up standards for 26 agri-products to boost export

YANGON, Sept 23 (Xinhua): Myanmar has drawn up standards and specifications for 26 agricultural products to ensure them meet international standards and to bolster export through improving the quality of the products, according to the Agriculture and Market Information Agency Monday.Standards of rice, beans and pulses, watermelon, banana, pomelo and...

NZ govt removes tax barriers for economic development

WELLINGTON, Sept 23 (Xinhua): New Zealand government removed two kinds of taxes to support local companies for a more productive, sustainable, and inclusive development on Monday.As part of the release of the government's economic plan, Finance Minister Grant Robertson and Minister for Small Business and Revenue Stuart Nash on Monday...

S Korea’s ICT export posts double-digit fall

SEOUL, Sept 23 (Xinhua): South Korea's export of information and communications technology (ICT) products fell in double digits last month on weak demand and lower product price, a government report showed Monday.The ICT export declined 24.5 per cent over the year to 15.23 billion US dollars in August, according to...

Kiev: Small and medium-sized enterprises

Kiev: Small and medium-sized enterprises business owners holding posters reading “Stop destroying small business” and shouting slogans during a demonstration outside the presidential office in Kiev on Monday to call for a presidential veto on new laws about Registars of Settlement Transactions — AFP