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

Private Medical College Assoc seeks tax exemption

Private medical college authorities have sought tax exemption on the earnings of the colleges in the upcoming budget for fiscal year (FY) 2019-20, saying that these educational institutions are nonprofit entities.They also called for tax waiver on medical equipment required for their healthcare facilities.The Bangladesh Private Medical College Association (BPMCA)...

Commercialisation of farming in next five years, says minister

Agriculutre Minister Dr Md Abdur Razzaque said on Wednesday that the government would commercialise agriculture within the next five years in the intersts of the farmers. "There will be true commercialisation of agriculture within the next five years. The importance of agriculture will increase in the years to come," he...

SBAC Bank to focus on small businesses

South Bangla Agriculture and Commerce (SBAC) Bank Limited plans to foray into manufacturing and small businesses to create employment as the bank enters its seventh year, the bank's chairman said Wednesday. The new generation bank also wants to invest more in rural areas to make rural economy vibrant, he said....

Labour unrest halts production at RMG factories in DEPZ

Owners of around half a dozen of garment factories in the Dhaka Export Processing Zone (DEPZ) in Savar were forced to suspend their productions on Wednesday in the wake of labour unrest.Sources said the labour unrest started brewing in a factory namely Talisman Ltd. on Tuesday as its workers raised...

Country’s shipping sector globally expanding: Khalid

State Minister for Shipping Khalid Mahmud Chowdhury has said that the country's shipping sector had achieved unprecedented success in the past decade and now it is expanding every day."Cruise service on Dhaka-Kolkata-Dhaka route had started on March 29 (this year)," he mentioned adding, "Shipping sector is not only expanding domestically...

Japan plans tighter oversight of regional banks' profits

TOKYO, Apr 03 (Reuters): Japan's financial watchdog on Wednesday proposed rules to expand its oversight of regional banks, including broad stress tests, with more focus on lenders' future profitability.The move comes in the wake of growing concern among policymakers over the plight of regional banks, which have seen profits hit...

Tokyo prosecutors weigh charges against Ghosn

TOKYO, Apr 3 (AFP): Ousted Nissan boss Carlos Ghosn took to Twitter on Wednesday vowing to tell his side of the story, as Tokyo prosecutors reportedly weighed fresh charges over suspected financial misconduct.In the latest twist in a rollercoaster of a case, Japanese media reported authorities were probing a possible...

‘US Mar pvt-sector hiring slows’

WASHINGTON, Apr 03 (AFP): Hiring in the US private sector slowed for the second month in a row in March, hitting its slowest pace in 18 months, survey data showed on Wednesday.The monthly data from payrolls firm ADP comes two days before the more closely watched government report on employment...

Top ASEAN nations seek to boost investment in local currencies

BANGKOK, Apr 03 (Reuters): The central banks of Thailand, Indonesia, Malaysia and the Philippines will chart out a framework this week to promote trade and investment in local currencies, in the latest move by emerging economies to trim exposure to volatile global markets.The four central banks will sign a letter...

ECB in no hurry to spare banks’ negative interest rates

FRANKFURT AM MAIN, Apr 03 (AFP): The European Central Bank (ECB) will consider carefully before moving to soothe the effects of negative interest rates on eurozone lenders, board member Sabine Lautenschlaeger told AFP Tuesday."We need first to better understand if and to which extent banks are affected on a net...

Pound rises versus dollar on May’s Brexit gamble

LONDON, Apr 03 (AFP): The British pound rose against the dollar Wednesday after Prime Minister Theresa May offered cross-party talks with the leader of the opposition Labour Party, Jeremy Corbyn, in a political gamble aimed at resolving the Brexit impasse.Sterling won a boost after Conservative leader May declared late Tuesday...

Rupee rises 9.0 paise to 68.65 against US dollar

MUMBAI, Apr 03 (PTI): The rupee appreciated by 9 paise to 68.65 against the US dollar in opening trade Wednesday, driven by weakening of the greenback in overseas markets and sustained foreign inflows.The rupee opened at 68.72 at the interbank forex market, then gained further ground and touched a high...

Toyota to give royalty-free access to hybrid-vehicle patents

TOKYO, Apr 03 (Reuters): Japan's Toyota Motor Corp will offer free access to its hybrid-vehicle patents through 2030, it said on Wednesday, seeking to expand use of the lower-emission technology even as the global industry shifts toward fully electric cars.The pledge by one of the world's biggest automakers to share...

News Briefs-(04-04-2019)

Walton offers Baishakhi discount Electronics giant 'Walton' has offered a 14.26 per cent cash discount on all models of its LED and smart televisions on the occasion of 'Pahela Baishakh 1426' to be celebrated across the country on April 14. Under the ongoing nationwide 'Walton Digital Campaign Season 4', customers...

Anis A Khan handing over a cheque for Tk 10 million to Prime Minister Sheikh Hasina

Managing Director & CEO of Mutual Trust Bank Limited (MTB) Anis A Khan handing over a cheque for Tk 10 million to Prime Minister Sheikh Hasina for the 'Prime Minister's Relief and Welfare Fund' to support the fire victims of Churihatta, Chawkbazar, Dhaka, at a ceremony at Ganobhaban in the...