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

Physically-challenged still get raw deal in hiring

Employers dictate the terms in recruitment tests for the physically-challenged people as the existing policy is fraught with flaws and complexities.Despite completing higher education, the physically-challenged people get a raw deal during recruitment tests for both private and government jobs, say students who went through the pang of discrimination.They are...

Three-day dev fair kicks off on Jan 11

A three-day development fair will begin across the country on January 11 aiming to showcase the government's success in development and involve the common people in its development activities, officials said.The fair titled 'Development Fair-2018' will be organised in each district and upazila simultaneously. Prime Minister Sheikh Hasina will inaugurate...

SME loan disbursement up by 21.60pc in nine months

The credit disbursement for the small and medium enterprises (SMEs) increased by 21.60 per cent in the first nine months of 2017 compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data, reports BSS."The growth of SME loan disbursement witnessed upward trends as the...

Spadework on for BD-Lanka container feeder service

A new container feeder service between Chittagong and Colombo may set sail by April, officials said, as spadework for the shipping operations is underway.Bangladesh Shipping Corporation (BSC) and Ceylon Shipping Corporation (CSC) will charter one feeder vessel each to begin the service on the Chittagong-Yangon-Colombo route. The waterway connectivity will...

Depth of stock market remains elusive

The country's stock market passed 2017 registering some records, including seven-year high turnover value, amid fluctuation observed in broad index and turnover value during the year.However, the market is yet to see the depth as required, market observers said.Financial literacy programme also accentuated the year as Prime Minister Sheikh Hasina...

BMBA elects Nasir as president

Mohammed Nasir Uddin Chowdhury, director of LankaBangla Investments Ltd, has been elected the president of Bangladesh Merchant Bankers Association (BMBA) for 2018-19.The incumbent secretary general Khairul Bashar Abu Taher Mohammad, chief executive officer (CEO) of MTB Capital, was elected the secretary general for another term.Both were elected at a meeting...

New vice chairman of Standard Bank

Lion Mohammed Abdul Aziz has been elected as Vice Chairman of Standard Bank Limited recently. He is the Founder Director of Standard Bank Limited. In 1994, he joined Midland Credit Cooperative Society as Managing Director & Chairman. Later he established business ventures including hotel, garments etc. He is the former...

RCCI leaders seek to boost trade with SAARC nations

RANGPUR, Dec 31 (BSS): Leaders of Rangpur Chamber of Commerce and Industry (RCCI) on Sunday laid emphasis on enhancing trade and commerce with the SAARC nations to speed up economic development in the region. They also stressed the need to create young entrepreneurs in order to promote private-sector enterprises, trade,...

Chinese power company opens office in Dhaka

NEPC, a giant power engineering company of China, has set up its office in Dhaka with a long term plan to penetrate Bangladesh market through setting up more power stations as well as importing power generation machineries and equipment. The NEPC (Northeast No. 1 Electric Power Construction Co Ltd) is...

BDBL earns Tk 1.08b operating profits

Bangladesh Development Bank Limited (BDBL) earned operating profits of over Tk 1.08 billion in 2017, reports BSS. The amount is 66.24 per cent higher than the Tk 650.5 million the state-owned bank earned in 2016, said a press release.

DPDC, GP sign agreement on pre-paid meter vending

Dhaka Power Distribution Company Limited (DPDC) on Sunday signed an agreement with mobile phone operator Grameenphone (GP) for vending its pre-paid meters, reports BSS.Joint Secretary and Company Secretary of DPDC Jayanta Kumar Sikder and Head of Financial Services of GP Rasheda Sultana signed the agreement on behalf of their respective...

GD Assist Limited signed a Memorandum of Understanding with Imago Sports management

GD Assist Limited, a subsidiary of Green Delta Insurance signed a Memorandum of Understanding with Imago Sports management. Under this exclusive contract, GD Assist will work with Imago Sports Management to promote sports treatment and health services in Bangladesh. Managing Director of GD Assist, Syed Moinuddin Ahmed and Co-Founder of...

Shafiqul Alam, Managing Director and CEO of Jamuna Bank Foundation

Shafiqul Alam, Managing Director and Chief Executive Officer (CEO) of Jamuna Bank Foundation, speaks at a free eye camp, diabetes, gynae and general treatment and blanket distribution programme in Munshiganj recently.

30th Annual Sales Conference of General Pharmaceuticals

Managing Director of General Pharmaceuticals Limited Dr Momenul Haq and others at the 30th Annual Sales Conference of the company in Cox's Bazar town on Saturday.

A business discussion of Northern General Insurance Company

A business discussion of Northern General Insurance Company Limited, Chittagong zone, was held at the Chittagong Club in the port city recently, with company Chairman Abdul Matin in the chair. Directors and senior officials of the company were also present.