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

Obstacles impede crafting of CSR guidelines

Framing of Corporate Social Responsibility (CSR) guidelines is facing delay due to some obstacles, State Minister for Finance and Planning MA Mannan said Tuesday."Frankly speaking, the activities to make the CSR guidelines are going on at a snail's pace as there remain some impediments," he said. But he didn't elaborate...

Govt to import 3,500 MW power thru' regional co-op

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said a total of 11,104 megawatts (MW) of power have been added to the national grid in the last nine years.He said that the government has a plan to further import 3,500 MW of power through regional cooperation by...

UAE approves first purchase invoice with VAT

The Ministry of Finance (MoF) of the United Arab Emirates on Tuesday issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system. In light of such activity, the MOF became the first federal entity to implement tax procedures and issue a tax...

Credit management, Rohingya, floods to upend economy: FBCCI

Irregularities in credit management in the banking sector, Rohingya influx and the floods in 2017 will continue to keep overall economy under pressure this year, says the president of the country's apex trade body, reports UNB.But at the same time, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)...

Janata Bank earns operating profit of Tk 11.71b

The Janata Bank Limited earned an operating profit of Tk 11.71 billion in 2017, the highest in four years.The amount was 16.63 per cent higher than that of 2016, according to a statement of the state-owned bank. Following the guidelines of the bank's board of directors strictly has led to...

CPA gets new chairman

CHITTAGONG, Jan 2: The govt. has appointed Julfiquer Aziz as chairman of the Chittagong Port Authority (CPA). He has been posted on deputation to the port chairman from Bangladesh Navy, a circular issued by the ministry of public administration said today.Prior to this appointment, Mr Aziz was the Member (Engineering)...

Norway's pipeline gas exports to Europe at record high in 2017

OSLO, Jan 2 (Reuters): Norway's pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7.0 per cent, preliminary data from the country's offshore gas systems operator Gassco showed on Tuesday.Europe's second-largest gas supplier after Russia exported 116 billion cubic meters (bcm) of...

Russian daily oil production up in December

MOSCOW, Jan 2 (Reuters): Russian oil output stood at 10.95 million barrels per day (bpd) in December, up from 10.94 million bpd in November, Energy Ministry data showed on Tuesday.In tonnes, oil output reached 46.322 million versus 44.782 million in November.Gas production was at 63.5 billion cubic meters (bcm) last...

ACI Limited launched beauty soap brand

ACI Limited launched on Tuesday a beauty soap brand at a function in Dhaka. Managing Director Syed Alamgir was present on the occasion among others.

Rangpur witnesses significant development in nine years

RANGPUR, Jan 2 (BSS): Implementation of massive development works during the past nine years has speeded up advancement of Rangpur with improvement in infrastructures, communication networks and socioeconomic conditions of the common people.Officials said the government has undertaken development works here for implementation at the cost of over Tk 30.06...

Best Electronics publishes recipe book

Eminent culinary artist Lobbi Rahman's microwave oven-based recipe book 'Whirlpool Quick Meals' has been published, says a statement.Best Electronics, the authorised distributor of Whirlpool, published the book and launched it in a 'grand ceremony' in the company's Head Office in Dhaka recently.Syed Asaduzzaman, Managing Director of Best Electronics, Ulka Hossain,...

BASIC Bank earns Tk 430m operating profit in 2017

BASIC Bank Limited has earned Tk 430 million (Tk 43 crore) operating profit in the just-concluded calendar year 2017, said a press release, reports BSS.The state-owned bank faced loss in 2014 and 2015, but it made operating profit of Tk 90 million (Tk nine crore) in 2016, the release added.

National Insurance unveils new logo

Bangladesh National Insurance Company Limited recently unveiled the new logo at a programme at its head office in Dhaka. Mostafa Kamal, Chairman of Meghna Group of Industries and Vice Chairman of Bangladesh National Insurance Company Limited, graced the occasion as the special guest. Mr. Kamal urged the members of the...

2018 vital to achieve dev goals: LGRD Minister

Local Government, Rural Development and Cooperatives Minister Khandker Mosharraf Hossain has said the 2018 calendar year is very important for the country to achieve its overall development goals, reports BSS."We've gained remarkable progress in implementation of the 2021 Vision announced by Sheikh Hasina. We'll be able to turn Bangladesh into...

Asian factories end year on mixed note

HONG KONG, Jan 2 (Reuters): Asia's factories ended a strong 2017 on a mixed note, with activity at multi-year highs in Taiwan and surprisingly picking up in China, but contracting in some economies in a sign that any interest rate hikes in the region will be slow and gradual.A trend...