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

Local compressor makers to get tax benefit until 2021

FE ReportLocal industries would enjoy tax benefit until 2021 on import of raw materials and spare parts for manufacturing compressors.The VAT wing of the National Board of Revenue (NBR) issued two separate Statutory Regulatory Orders (SROs) in this regard on October 21, 2018.Through those SROs, the NBR has offered exemption...

ADB to use UNDP strength for CHT community dev

FE Report The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) on Tuesday signed an administrative arrangement to promote sustainable management of community development for Chittagong Hill Tracts (CHT).ADB Country Director Manmohan Parkash and UNDP Bangladesh Country Director Sudipto Mukerjee signed the arrangement on behalf of their...

Managing Director and CEO of Al-Arafah Islami Bank Limited (AIBL) Farman R Chowdhury

Managing Director and CEO of Al-Arafah Islami Bank Limited (AIBL) Farman R Chowdhury, senior executives and 23 branch managers of the bank's Dhaka North Zone attending 'Business Development Meeting' at the bank's head office in Dhaka, with Executive Vice President and Head of AIBL Dhaka North Zone Md. Monjurul Alom...

Tap business opportunities utilising relation with UN

FE ReportSpeakers at a seminar on Tuesday laid emphasis on tapping the business and economic opportunities utilising the relation between Bangladesh and the United Nations (UN).They said Bangladesh could highlight its image as a leading contributor to the UN peacekeeping missions for expanding the export business.The opinion came at the...

Govt launches TTCs to increase skilled manpower

The government has launched three Technical Training Centres (TTCs) to increase skilled manpower for employment at home and abroad. Expatriates' Welfare and Overseas Employment (EWOW) Minister Nurul Islam inaugurated the TTCs through a video conferencing at his ministry on Tuesday. The TTCs have been set up in Manikganj, Narail and...

India, Bangladesh to sign connectivity deals after high-level talks from today

Greater trade and people's movement will top the agenda of Bangladesh-India secretary-level talks scheduled from today (Oct 24) to Oct 26 in New Delhi, according to a report by The Financial Express of India. Transportation of goods to and from India's North Eastern region (NER) via Chattogram and Mongla Ports...

Anwar Hossain Chowdhury, chairman of the Executive Committee of Islamic Finance

Anwar Hossain Chowdhury, chairman of the Executive Committee of Islamic Finance and Investment Limited (IFIL), presiding over the 133rd meeting of the Executive Committee of IFIL at its boardroom in the city on Tuesday. Members of the committee S M Bakhtiar Alam, Liaquat Hossain Moghul, KBM Moin Uddin Chisty, Independent...

Ginger prices soar in local market

FE ReportThe prices of ginger, one of the main spices, soared at city markets in the last three days, compounding woes of the consumers further.One kilogram (kg) of ginger was sold at Tk 170 on Tuesday, a 40-45 per cent rise in 72 hours.Many traders attributed the skyrocketing of prices...

Aarong to celebrate 40 yrs in business

Aarong, a concern of BRAC, has taken a three-day programme from tomorrow (Thursday) to celebrate four decades of its journey.The celebrations will be held at the Army Stadium in the capital marking the 40th founding anniversary of Aarong which upholds rich heritage of craft and artisan of Bangladeshi.Officials of Aarong...

Managing Director and Chief Executive Officer (CEO) of South Bangla Agriculture and Commerce

Managing Director and Chief Executive Officer (CEO) of South Bangla Agriculture and Commerce (SBAC) Bank Md. Golam Faruk handing over a cheque for Tk 50,000 to meritorious student Sajib Baroi, who got the chance to study at Sylhet MAG Osmani Medical College, as part of the bank's corporate social responsibility...