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

RHD working on new mass transit plan after WB funding pledge

State-run Roads and Highways Department (RHD) has moved to launch another project to establish a bus-based mass transit system from airport to the Mohakhali bus terminal.The department is going ahead with the plan after getting funding assurances from the World Bank, officials said.The department has now been working on building...

Anwar Group signs Top of Mind as AOR

Anwar Group, a pioneering industrial leader in the private sector, has signed the Top of Mind as its Agency of Record (AOR), says a press statement. The agreement signing ceremony took place at the head office of Anwar Group in the city recently.Chief Marketing Officer of Anwar Group of Industries...

Withdraw VAT on computers: BCS

The Bangladesh Computer Samity (BCS) on Sunday urged the government to withdraw proposed value added tax (VAT) on computers and related accessories.The prices of computers and accessories would go up by 11 per cent if the proposal for VAT made in the budget for fiscal year 2018-19 is approved, it...

Govt moves to transport fuel oil thru pipeline

The government has initiated a move to implement a pipeline project involving over Tk 28.68 billion for transporting white petroleum from Chattogram to Dhaka and Chandpur, reports BSS."The Planning Commission has received a draft project proposal in this regard from the Energy and Mineral Resources Division," said a senior official.The...

BD to import 50,000 tonnes of wheat

Bangladesh's state grains buyer issued an international tender to import 50,000 tonnes of milling wheat, officials said on Sunday, as it looks to secure supplies, reports Reuters.The deadline for offers is July 3, and the wheat is to be shipped within 40 days of signing the deal, said the officials...

International Chamber of Commerce Bangladesh (ICC-B) Secretary General Ataur Rahman and ICC Austria officials posing with bankers from Bangladesh Bank

International Chamber of Commerce Bangladesh (ICC-B) Secretary General Ataur Rahman and ICC Austria officials posing with bankers from Bangladesh Bank, commercial banks and Bangladesh Chemical Industries Corporation (BCIC) officials at the concluding session of the Trade Finance Week in Austrian capital Vienna on Friday

Energy summit begins June 26

A two-day 'Bangladesh Energy and Power Summit 2018' will be held in the city on June 26-27, reports UNB.The international conference will be held at Pan Pacific Sonargaon Dhaka.WISPOL Group, an event management company of China, and the Energy & Power, a Dhaka-based fortnightly, have jointly organised the event, said...

Thrust on more investment in light engineering sector

Experts at seminar on Sunday stressed the need for taking time-befitting work plans and implementing those to harness the potential of light engineering industry in the country, reports UNB.If more investment is made in this industry, modern technologies are introduced and entrepreneurs are trained well, this sector would contribute to...

22nd Annual General Meeting of Northern General Insurance

Chairman of the Board of Directors of Northern General Insurance Co. Ltd. Abdul Matin presiding over the company's 22nd Annual General Meeting, which approved 10 per cent cash dividend, at IDEB Bhaban in the city recently

Ericsson needs industries to embrace 5G

Ericsson needs a range of industries to embrace 5G network services if the company is to get a long-term boost that would allow it to progress from cost-cutting to expansion.The Swedish mobile network equipment maker struggled with flagging revenue since 4G sales peaked in the middle of the decade.For now,...

India hopes to open Iran's Chabahar port by 2019

NEW DELHI, June 24 (Reuters): India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement.New Delhi made the announcement despite a threat of renewed US sanctions against Tehran.The Indian-backed Chabahar port complex in Iran is being developed as part of a new...

BlackBerry quarterly results beat estimates on software strength

Canadian software maker BlackBerry Ltd. reported quarterly revenue and profit that topped analysts' estimates, driven by strong growth in its high-margin software and services business.US-listed shares of BlackBerry rose 2.6 per cent to $11.89 in premarket trading, reports Reuters.The Waterloo, Ontario-based company said revenue from its enterprise software and services...

FSA orders improvements at cryptocurrency exchanges

Japan's financial regulator has said it has ordered cryptocurrency exchanges, including bitFlyer Inc., to make improvements to lax measures on money laundering, reports Reuters.The Financial Services Agency (FSA) slapped six exchanges with business improvement orders after it found flaws in their anti-money laundering systems and controls during on-site inspections.BitFlyer, one...