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

NBR to request BB for devising mechanism

National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan on Sunday assured the women entrepreneurs of taking up their concerns over the need for increased access to bank loans with the Bangladesh Bank (BB) so that the central bank could develop some mechanism in this regard.The government is very positive...

Prices of fire safety equipment on rise

Owners and authorities of different institutions are putting emphasis on fire safety measures at buildings in the wake of two fatal fire incidents in the city, reports bdnews24.com.The sales of fire-fighting equipment have soared following the blazes at Old Dhaka's Chawkbazar on February 20 and Banani's FR Tower on March...

Govt approves Tk 100m to produce Sonali bags

The government has approved about Tk 100 million to run a project for producing biodegradable Sonali bags from jute and conducting advance research on the environment-friendly bags.The trustee board of Bangladesh Climate Change Trust Fund (BCCTF), formed under the Ministry of Environment, Forest and Climate Change in 2010, allocated Tk...

BOGSOA seeks financial stimulus for oceangoing ships

Bangladesh Oceangoing Ship Owners' Association (BOGSOA) on Sunday sought financial stimulus and other facilities enjoyed by export oriented industries.The BOGSOA leaders said the oceangoing ship sector was declared as industry in 1994 but they are yet to receive financial and other facilities, reports BSS.They raised the issue in a meeting...

Industries ministry arranges workshop

The Ministry of Industries organised a workshop on 'Implementation of the National Quality Policy (NQP) and Establishment of Bangladesh National Quality and Technical Regulation Council (BNQTRC)' at Bangladesh Standards and Testing Institution (BSTI) auditorium in the capital recently.Secretary of the ministry Md. Abdul Halim attended the workshop as the chief...

Turkey’s Erdogan eyes economic reforms

ISTANBUL, Apr 07 (AFP): Soon after his ruling party faced defeat in Ankara and Istanbul in last Sunday's election, Turkish President Recep Tayyip Erdogan was quick to promise reforms to revive the country's weakened economy.Stung by high living costs and a 2018 currency crisis, voters handed the AKP one of...

Cuba newsprint shortage sounds alarm for economy

HAVANA, Apr 07 (AFP): The newsprint shortages which forced Cuba's Communist daily to run a trimmed-down edition on Friday would pass off as a simple supply glitch in most other countries, but in Havana they carry chilling memories of the not-so-distant past.The last time the government cut back on newspapers...

Singapore's 'fake news' laws upset tech giants

SINGAPORE, Apr 07 (AFP): Tech giants have reacted with horror after Singapore proposed laws against "fake news" allowing authorities to order the removal of content and impose hefty fines, in what critics say is an assault on free speech.The government unveiled a bill last week containing tough measures, including powers...

China Mar forex reserves rise to seven-month high

SINGAPORE, Apr 07 (Reuters): China's foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a US-China trade deal offset concerns over slowing economic growth.Chinese reserves, the world's largest, rose by nearly $9.0 billion in March to...

Greece secures debt relief from eurozone

BUCHAREST, Apr 07 (AFP): Eurozone finance ministers released long delayed debt relief to Greece on Friday, saying the government had implemented reforms promised during the massive bailout that ended last year.Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe...

New NAFTA deal in trouble

MEXICO CITY, Apr 07 (Reuters): More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1.0 trillion in regional trade, the chances of the countries ratifying the pact this year are receding.The three countries struck the United States-Mexico-Canada agreement (USMCA) on...

'Business Intelligence Software'

Bangladesh House Building Finance Corporation (BHBFC) Chairman Prof Dr Md Salim Uddin inaugurating new software called 'Business Intelligence Software' at the BHBFC Board Room in the city recently in presence of its Managing Director Debasish Chakrabarty

Chinese investors snap up Greek 'Golden Visas'

ATHENS, Apr 07 (AFP): Chinese investors led the so-called Golden Visa boom in Greece, where residence permits issued to non-E.U countries citizens grew 46 per cent last year.Other crisis-hit countries like Portugal and Spain have used the scheme for years to lure investors in a bid to stoke an economic...

Md. Tariqul Azam

Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited, inaugurating a five-day training on "Credit Operations & Management" for credit officers organised by the training institute of the bank recently. Among others, Md. Amzad Hossain Fakir, Faculty of the institute, was present on the occasion

State Minister for Disaster Management and Relief Dr. Md. Enamur Rahman

State Minister for Disaster Management and Relief Dr. Md. Enamur Rahman, Mayor of Savar Municipality Hazi Mohammad Abdul Gani, Director of Bank Asia Ltd. Enam Chowdhury, Bank Asia President & Managing Director Md. Arfan Ali and Executive Director of Bank Asia Foundation Aminul Islam posing with the students who received...