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

RHD unlikely to get WB funding this year

A slow progress in preparing the technical project on the start of the bus-based mass transit system in city's southern part has delayed getting the project's assistance from the World Bank by a year, sources said.They said a time gap between the start of Bus Rapid Transit (BRT) lines North...

WTO praises BD's trade policy

Commerce Minister Tipu Munshi said on Wednesday that members of the World Trade Organisation (WTO) praised the country's trade policy that contributed to the nation's progress in different sectors over the last few years.The appreciation came during the fifth trade policy review (TPR) meeting on Bangladesh in Geneva, Switzerland on...

Bahrain-based Investcorp to invest in Bangladesh

Bahrain-based multinational financial institution Investcorp has expressed its interest to invest in Bangladesh's different sectors like infrastructure, consumer goods and technology. A visiting delegation of the company expressed the interest at a press conference in the capital on Wednesday, concluding their two-day visit in Dhaka.Executive Chairman of the Investcorp Mohammed...

Pay 15pc VAT to claim rebate, says NBR chief

The National Board of Revenue (NBR) chairman has said a 15 per cent VAT (Value Added Tax) would be applicable to businesses that claim VAT rebate.Multiple VAT rates lower than 15 per cent would also be imposed on other products and services, he added.Md Mosharraf Hossain Bhuiyan said this at...

ONE Bank opens booth at Ahsanullah University

ONE Bank Limited, a private commercial bank, has opened a banking booth and an ATM booth on the campus of Ahsanullah University of Science & Technology in the capital, says a statement.Managing Director of ONE Bank Ltd. M. Fakhrul Alam and Pro-Vice Chancellor and Treasurer of Ahsanullah University of Science...

Yamaha brings in FZS V3 model motorbikes

Yamaha, which launches improved new model motorcycles every year for the bike lovers, will introduce Yamaha FZS V3 model motorbike in Bangladesh very soon, says a statement.The popular FZ series of Yamaha's new upgraded FZS V3 model bikes have arrived in the country after remaining 10 years in the market.Executive...

News Briefs (11-04-2019)

Five power sector entities win awards Prime Minister's Energy Adviser Dr Tawfiq-e-Elahi Chowdhury on Wednesday said the innovative programmes of the power division increased confidence of the people. 'Alor Feriwala', an initiative for providing quick power connection to slum dwellers has reposed confidence on the people," he said this while...

Congress quizzes US bank CEOs about role in economy

WASHINGTON, Apr 10 (Reuters): Chief executives of some of the largest US banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.JPMorgan Chase & Co's Jamie Dimon, Bank of America Corp's Brian Moynihan, Citigroup Inc's Mike Corbat, Goldman Sachs...

UK economy grows faster than expected ahead of Brexit

LONDON, Apr 10 (BBC):Stockpiling by manufacturers ahead of Brexit helped the UK economy grow by 0.3 per cent in the three months to February.The Office for National Statistics pointed to manufacturers "changing the timing of their activities" as the UK's exit from the EU approaches.Although growth was stronger than the...

ECB keeps its easy policy unchanged

FRANKFURT, Apr 10 (Reuters): The European Central Bank (ECB) kept its ultra-easy monetary policy unchanged as expected on Wednesday, giving recent stimulus measures time to work their way into the economy and counter spreading global gloom.With economic powerhouse Germany skirting a recession, the ECB has already backtracked on plans to...

'Business Development Meeting' of Dhaka and nearby branches of Modhumoti Bank

Managing Director and CEO of Modhumoti Bank Limited Md. Shafiul Azam, senior executives, head of operations, divisional heads and branch managers posing at a 'Business Development Meeting' for the Dhaka and nearby branches at the head office of the bank in the capital recently

President and Managing Director of Bank Asia Md. Arfan Ali

President and Managing Director of Bank Asia Ltd Md. Arfan Ali and Country Director of Oxfam-Bangladesh Dipankar Datta exchanging documents after signing an agreement on behalf of their respective organisations at the corporate office of the bank recently. The deal on 'Promoting Access to Finance (A2F) to Rural Based Micro,...

Khurshed Alam

Khurshed Alam, Head of Retail Business of LankaBangla Finance Ltd (LBFL), and Imrul Hasan, Director & CEO of AMARROOM.COM, exchanging documents after signing a memorandum of understanding (MoU) on behalf of their respective organisations in the city recently. Under this MoU, LBFL Cardmembers will enjoy additional 10 per cent discount...