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

NBR to automate tax audits to end harassment

The tax authority plans to eliminate human intervention in the auditing of taxpayers' files by implementing an automated scrutiny system soon, the revenue board chief said on Sunday. This decision came in response to complaints from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) regarding undue harassment during...

NRBC Bank's donation for flood victims

NRBC Bank donated Tk 10 million under its Corporate Social Responsi-bility, along with donation from Directors and other donation equivalent to one-day salary of all levels of employees for the flood-affected people, says a press release. Out of the amount, Tk 5.0 million has been donated to the Chief adviser's...

Nagad opens account to facilitate donations for flood victims

Nagad, one of the country's leading mobile financial service providers, has introduced a specialised account as directed by the government, aiming to facilitate easy contribution to the state relief fund for flood victims.Unlimited donations can be made via this newly launched merchant account (01886969859), says a press release.Following directives from...

Hatem new BKMEA president

Mohammad Hatem, Managing Director of MB Knit Fashion Ltd., has succeeded Salim Osman as the President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).Mr. Osman resigned from the post of President due to health issues, according to a statement issued by BKMEA on Sunday.The announcement was made at a...

PRAGATI LIFE INSURANCE HOLDS 24TH AGM

The 24th Annual General Meeting (AGM) of Pragati Life Insurance Limited was held virtually on Thursday. Director of the company Syed M. Altaf Hussain presided over the meeting. The shareholders unanimously approved 14 per cent cash dividend for the year 2023. Directors Mohammed Abdul Awwal, Md. Shafiur Rahman, Mohammed Abdul...

Thai central bank will use policy mix for economic recovery

BANGKOK, Aug 25 (Reuters): Thailand's central bank will use a policy mix to address uneven recovery in Southeast Asian's second-largest economy, its governor said on Saturday.Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthi-wartnarueput told a press conference."We are ready to make adjustments that are appropriate...

US new home sales rise

Sales of new US single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering, reports Reuters.New home sales jumped 10.6 per cent to a seasonally adjusted annual rate of...

Asia spot LNG prices ease from 8-month top on weaker demand

SINGAPORE, Aug 25 (Reuters): Asian spot liquefied natural gas (LNG) prices eased last week from a more thaneight-month top on the back of easing spot demand and as European gas prices also fell.The average LNG price for October delivery into north-east Asia LNG-AS was at $13.80 per million British thermal...

Brazil’s central bank chief warns fiscal issues impact monetary policy transmission

JACKSON HOLE, Aug 25 (Reuters): Brazil's central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing fiscal issues, citing the growing burden of public debt driven by expanded government spending.Speaking at the Kansas City Federal Reserve's annual economic conference in Jackson Hole, Wyoming,...

Bank of China President Liu Jin resigns

BEIJING, Aug 25 (Reuters): Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to a filing released by the bank on Sunday.Bank of China...

Canada rail employees ordered back to work

OTTAWA, Aug 25 (AFP): Canada's industrial relations board on Saturday ordered striking rail workers back on the job and imposed binding arbitration to settle labor disputes at two major freight carriers that threatened to upend the North American economy.Stoppages began Thursday morning at both Canadian National Railway (CN) and Canadian...

Telegram CEO Pavel Durov arrested at French airport

PARIS, Aug 25 (BBC): Telegram chief executive Pavel Durov has been arrested by French police at an airport north of Paris.Mr Durov was detained after his private jet had landed at Le Bourget Airport, French media reported.According to officials the 39-year-old billionaire was arrested under a warrant for offences related...