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

Short supply pushes up prices

The city markets are witnessing a supply shortage of personal computers (PCs), laptops and relevant ICT accessories due to increased demand for the products amid Covid-19 pandemic.The demand for the ICT equipment and tools rose significantly as many professionals are working from home while students are joining online classes and...

VAT on local LPG cylinder cut to 5.0pc

Local producers of liquefied petroleum gas (LPG) cylinders will enjoy a reduced rate of VAT on its production from now on.The National Board of Revenue (NBR) has slashed the value added tax (VAT) on the local production of LPG cylinder to 5.0 per cent from 15 per cent.Officials said they...

Students now can pay fees thru' online

Students of all government and non-government educational institutions of the country now can pay their fees online through Sonali Bank Limited. In this connection, Genex Infosys Limited signed a partnership agreement with Sonali Bank Limited at the bank's head office in the city on Monday, said a press release.High officials...

Tanners seek cash aid from EU fund for workers

The country's tanners have sought support from the European Union's (EU) fund for terminated, disabled and insolvent labourers, industry insiders said.Earlier, the EU announced a €113 million fund to assist the Bangladesh government in delivering cash aid to workers in the export-oriented industries affected by the Covid-19 pandemic.The package included...

Northern Islami Ins elects new chairman, vice chairman

S. M. Ayub Ali Chowdhury and Md. Sarwar Salim have been elected as Chairman and Vice Chairman of Northern Islami Insurance Ltd. respectively at a meeting of the board of directors recently, said a statement.S. M. Ayub Ali Chowdhury is one of the sponsor-director of Northern Islami Insurance Ltd. A...

Speaker Dr. Shirin Sharmin Chaudhury unveiled the cover of a book

Speaker Dr. Shirin Sharmin Chaudhury unveiled the cover of a book titled 'Sheikh Hasina: Durgom Pother Nirvik Jatri' (Sheikh Hasina: Fearless Voyager of the Impassable Path) on a digital platform on Monday. Editor of the book and Posts and Telecommunications Minister Mustafa Jabbar was also present.

Professor Dr Md Salim Uddin (top, 2nd from left)

Professor Dr Md Salim Uddin (top, 2nd from left), chairman of Bangladesh House Building Finance Corporation, presenting a paper on 'Impact of Covid-19 on business: The Bangladesh perspective' at a webinar organised by the Bureau of Business Research, Faculty of Business Administration, University of Chittagong, recently

Mercantile Insurance Company held 24th AGM virtually

Mercantile Insurance Company Ltd. held its 24th annual general meeting (AGM) virtually on Sunday, with its Chairman M Kamal Uddin (top, middle) in the chair. The meeting approved 7.0 per cent cash dividend for the year ended December 31, 2019.

Dr Zahid Bakht presiding over 684th board of directors meeting

Agrani Bank Limited Chairman Dr Zahid Bakht presiding over the 684th board of directors meeting of the bank through virtual conference in the city on Monday. The board of directors also offered a special Munazat to mark birth anniversary of Prime Minister Sheikh Hasina

Huawei CFO back in Canadian court fighting US extradition

VANCOUVER, Sept 28 (Reuters): Huawei Technologies Chief Financial Officer Meng Wanzhou will be back in a Canadian courtroom on Monday as her lawyers resume their fight to block the United States' efforts to extradite her.Meng, 48, was arrested in December 2018 on a warrant from the United States charging her...

Egypt launches $3.4m hydrocracking complex to produce petroleum products

CAIRO, Sept 28 (Arab News): A new hydrocracking complex worth $3.4 million was inaugurated on Sunday by the Egyptian president in a ceremony north of Cairo.The complex will produce 4.7 million tons of high-value petroleum products as part of Egypt's ambitious programme to enhance its refining industry, a local report...

Uber wins back London licence despite 'historical failings'

LONDON, Sept 28 (Reuters): Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled on Monday that the company was a fit and proper operator.Transport for London (TfL) refused to grant the Silicon Valley-based company a new...