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

Private insurers' premium income declines by Tk 7.22 billion

Total premium income of private sector insurance companies declined by Tk 7.22 billion to Tk 96.34 billion in 2016 from Tk 103.56 billion in 2015.It was disclosed at the 30th annual general meeting (AGM) of Bangladesh Insurance Association (BIA) held at the Samson H Chowdhury Centre of Dhaka Club in...

Another power hub at Payra to cost $12b

A move is underway to create a 9,000mw power generation hub at Payra of Patuakhali in the southwestern region of Bangladesh, reports UNB.Disclosing the plan, State Minister for Power and Energy Nasrul Hamid said Payra would be another power hub like the two others being developed at Maheshkhali and Matarbari...

Abul Barakat-Jamaluddin Ahmed panel sweeps BEA election

Dr Abul Barakat and Dr Jamaluddin Ahmed FCA have been elected President and General Secretary respectively of Bangladesh Economic Association (BEA) for the next two-year term.Md Mostafizur Rahman Sarder was also re-elected treasurer for 2018-2019, says a statement.A valiant freedom fighter, Dr Barakat is a professor of the Department of...

Gold price goes up by Tk 1,400 per bhori

The price of gold in the local market will go up by Tk 1,400 per bhori (11.664 grams) from today (Monday). According to the new rate, 22-carat gold will be sold at Tk 49,339 per bhori while 21-carat Tk 47,123 and 18-carat Tk 41,874, according to a Bangladesh Jewellers' Association...

1.1m Bangladeshis to go abroad with jobs by this year

Since the government is following a strict policy to ensure safe migration, some 1.1 million (11 lakh) Bangladeshi workers would go abroad with employment by the end of this year as the overseas job sector is witnessing a boom. "The overseas job markets are witnessing a boom and 0.997 million...

Moazzam Hossain BMCCI president

Syed Moazzam Hossain, Managing Director of SMH Engineering Limited, and Shabbir Ahmed Khan of Khan & Deen Traders, have been elected President and Secretary General respectively of Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) for the 2018-2019 term.They were elected at the 16th annual general meeting (AGM) held in the...

JETRO to conduct market research during DITF

Japan External Trade Organisation (JETRO) has placed a proposal to the government, seeking to conduct a consumer market research during the upcoming Dhaka International Trade Fair (DITF) 2018, officials said. With the support of IDE (Institute of Developing Economies) JETRO and Uniqlo, JETRO plans to do the research on issues...

ACCA talks on ‘Ethics and trust’

The Association of Chartered Certified Accountants (ACCA) recently organised a discussion on its report titled 'Ethics and Trust in a Digital Age' based on surveys carried out earlier this year, says a press statement.Comptroller and Auditor General Masud Ahmed was the chief guest at the discussion held at a city...

Japan provides audio-visual equipment to Nat'l Zoo

The government of Japan on Sunday handed over audio-visual equipment worth US$60,291 to Bangladesh National Zoo for educational exhibition under the scheme of Grant Assistance for Cultural Grassroots Projects, reports UNB.Ambassador of Japan to Bangladesh Hiroyasu Izumi and Kazi Wasi Uddin, Additional Secretary of the Ministry of Fisheries and Livestock,...

China-Bangladesh joint venture online shopping co to hit market soon

A China-Bangladesh joint venture online shopping company, '10takabuy.com', is going to be launched in the country very soon, aiming to ensure the delivery of quality and timely products at reasonable prices for local and international customers, reports UNB.An agreement to this end was signed between Musk Marketing Ltd, a sister...

19,000 visitors throng REHAB fair

Around 19,000 visitors thronged the venue of the real estate sector's annual exposition, 'REHAB Fair 2017', in the last four days, reports UNB.The five-day fair, which is being held at Bangabandhu International Conference Centre, ends today (Monday).Abdur Rashid, public relations officer of Real Estate and Housing Association of Bangladesh (REHAB),...

4G to speed up growth of ICT, e-commerce: Experts

IT experts and businessmen have expressed their firm hope that Bangladesh would see an expeditious growth of Information and Communication Technology (ICT) services and e-commerce once the 4G telecommunication service is introduced in the country, reports BSS. High-speed internet service would lead to expansion of different types of services, propelling...

Christmas and New Year celebrations at Pan Pacific Sonargaon

On the occasion of Merry Christmas and New Year, the Pan Pacific Sonargaon Dhaka has offered various treats to its customers, says a press statements. The 25th December will feature Christmas Day Lunch and Special Christmas Buffet Dinner. The merriment will be multiplied manifold for the kids with a Christmas...

AGM of Commonwealth of Independent States-Bangladesh Chamber of Commerce and Industry

The Annual General Meeting (AGM) of Commonwealth of Independent States-Bangladesh Chamber of Commerce and Industry (CIS-BCCI) was held at Gulshan Club in the capital on Saturday. CIS-BCCI President Habib Ullah Dewan chaired the meeting.

Cycling tour to start from Dec 27

Fortune Tour De Bangladesh is going to arrange a cycling tour across Bangladesh from December 27. It will be organised by Bangladesh Edible Oil Limited, said a statement. A total of thirty riders will take part in the tour from the northern part of Bangladesh. The ride will start from...