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

IHG marks re-entry into BD with opening of InterContinental Dhaka

InterContinental Hotels Group (IHG), one of the world's leading hotel companies, has announced the opening of InterContinental Dhaka in partnership with Bangladesh Services Limited. The luxury hotel is situated in a prime and one of the most prestigious locations in the capital's Minto Road with easy access to the downtown...

NBR awards 144 top VAT-payers

The National Board of Revenue (NBR) on Monday observed the National VAT Day-2018 with a call for building awareness among the people about payment of VAT and tax.On the occasion of the National VAT Day and VAT Week, the revenue board brought out a colourful procession. The board employees along...

BGAPMEA gets new governing body

Abdul Kader Khan Bangladesh Garments Accessories & Packaging Manufactures & Exporters Association (BGAPMEA) on Monday formed its new governing committee for the period of 2018-19 and 2019-20. Md Abdul Kader Khan and Khandoker Latifur Rahman will lead the 21-member body as president and first vice-president respectively, said a statement. Mozaharul...

Malaysia eager to invest in BD

CHATTOGRAM, Dec 10: Malaysian High Commissioner in Bangladesh Nur Ashikin Mohd Taib on Monday showed her country's eagerness to make investment in Bangladesh.Bangladesh has made extensive development for which the businesses of their country were eagerly waiting to invest in this country, she observed."However, the entrepreneurs have stressed the need...

Orion Pharma approves 15pc cash div, Orion Infusion 14pc

Orion Pharma Limited has approved a cash dividend of 15 per cent for the year ended on June 30, 2018.The 53rd Annual General Meeting (AGM) of the company held in the city on Monday approved the dividend, presided over by company Chairman Mohammad Obaidul Karim, said a statement.Managing Director Salman...

DScE to launch bachelor course on entrepreneurial economics next year

Dhaka School of Economics (DScE), a constituent institution of the University of Dhaka, has planned to introduce Bachelor of Entrepreneurial Economics (BEE) course in 2019 to facilitate entrepreneurship development in Bangladesh."We're working on launching the four-year course from next year," DScE Director Qazi Kholiquzzaman Ahmad told a press conference at...

Jibika project lifts 20,000 out of extreme poverty

The Jibika project, a joint initiative of BRAC and US-based Oil giant Chevron Bangladesh, has helped lift 20,000 marginalised and vulnerable people out of extreme poverty in Sylhet region in the last three years. The figure was disclosed at a function styled as 'Sharing Experience of the Jibika Project' held...

Organisers invite entries for S Asia procurement innovation awards

Like the previous years, entries in various categories for South Asia Public Procurement Innovation Awards 2018 have been invited.South Asia Regional Public Procurement Network (SAPPN), the World Bank and Procurement iNET have launched the awards, said a release of the Central Procurement Technical Unit (CPTU) on Monday, reports BSS.According to...

Foreign cos to get land in hi-tech park

Exclusive zone will be created in Kaliakoir Bangabandhu Hi-Tech City for ensuring availability of land for foreign IT companies aimed at achieving the ICT export target of US$ 5.0 billion by 2021."Both local and foreign investors are enjoying attractive incentive package for investing in the country's IT parks and in...

Indian tycoon Vijay should be extradited: Court

Indian tycoon Vijay Mallya should be extradited from Britain to India to face fraud charges resulting from the collapse of his defunct Kingfisher Airlines, a London court ruled on Monday. India wants to bring criminal action against Mallya, 62, whose business interests have ranged from aviation to liquor, over $1.4...

Shibbir Mahmud inaugurating a new branch of IFIL

Chairman of the Board of Directors of Islamic Finance and Investment Limited (IFIL) Shibbir Mahmud inaugurating a new branch of the Shariah-based non-bank financial institution at Chowmuhani in Noakhali recently

German Oct trade surplus narrows

BERLIN, Dec 10 (Reuters): Germany's trade surplus narrowed in October with imports growing faster than exports which were slowed down by trade disputes between the United States and both China and the European Union.The Federal Statistics Office said on Monday seasonally adjusted exports rose by 0.7 per cent on the...