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

Lack of agencies' coordination, poor technical ability key hurdles: Experts

Lack of effective coordination among the agencies concerned, poor technical capacity and inadequate skilled manpower still remain the key challenges for ensuring environment-friendly economic growth in the country.As a result, despite significant economic growth, the country has to incur huge loss every year on account of environmental hazards, experts opined...

Ispahani Agro to work for USAID's rice, diversified crops activity

The Ispahani Agro Ltd (IAL) will work together with the USAID-funded Feed the Future Bangladesh Rice and Diversified Crops (RDC) to develop market systems that will provide farmers in south-west region of the country with improved access to inputs, markets and rice production advisory services.In this regard, the IAL signed...

'Not illegal' to carry rupees abroad on return from India

MUSCAT, Feb 18: The Indian Embassy in Muscat has said that it's not exactly 'illegal to carry currency up to Rs25,000 abroad'.The confusion arose after the Omani consulate in Mumbai, in an advisory issued on its Twitter account on February 14, urged Omanis not to carry any Indian currency when...

Bangladesh enters 4G era today

Mobile phone users will be able to experience the fastest data service from today (Monday) following the handover of 4G/LTE licence by the telecom regulator in the evening.Private mobile phone operators - Grameenphone, Robi and Banglalink - are set to introduce the service immediately after receiving the license, said officials,...

Investments with Islamic banking soar 19 per cent

Investments with the Islamic banking accounts have increased by 19.03 per cent in the October-December quarter of 2017, compared to the corresponding period of the previous year."The Islamic banking segment continued to show rapid expansion in terms of growth of assets, deposits, investments and number of account holders," a Bangladesh...

Gulfood fair begins in Dubai

Gulfood 2018, a food and beverage commodity expo, began at Dubai World Trade Centre (DWTC) in the UAE on Sunday, report agencies. PRAN, a leading food processor in Bangladesh, has joined the fair. The group is displaying over 300 products in eight stalls in Gulfood, one of the largest food...

BCSA to procure 106m jute sacks from BJMC

Bangladesh Jute Mills Corporation (BJMC) will provide 106 million jute sacks worth Tk 4.44 billion to the Bangladesh Cold Storage Association (BCSA) by December 31 this year, reports UNB.BJMC and BCSA signed a Memorandum of Understanding (MoU) in this regard on Sunday at the conference room of the Textiles and...

Passport offices earn Tk 17.5m in Rajshahi

RAJSHAHI, Feb 18: Passport and visa offices in the region have earned revenue amounting to Tk 17.5 million during its service week from February 4 to 11, reports BSS.Rajshahi divisional and seven regional passport and visa offices earned the revenue during this period, said Abjaul Alam, Assistant Director of Divisional...

Bill to exempt sugarcane growers from road tax

A bill was placed in parliament on Sunday to repeal the existing 'Sugar Road Development Cess Ordinance', aiming to exempt the sugarcane growers from paying taxes for development of roads in sugar mill catchment areas, reports UNB.Industries Minister Amir Hossain Amu placed the 'Sugar (Road Development Cess Ordinance) (Abolish) Bill,...

Anti-graft agency detains Latvian central bank boss

The head of Latvia's central bank, Ilmars Rimsevics, was detained by the country's anti-corruption agency on Sunday, reports BBC.His home and offices at the Bank of Latvia were both raided by officers.The country's Corruption Prevention Bureau gave no details about its investigation, or the nature of the raids.Latvia's Prime Minister,...

China sees more tourists during New Year holiday

BEIJING, Feb 18 (Xinhua): China has hosted 214 million tourists in the first three days of the Chinese Lunar New Year holiday, up 9.7 per cent from the same period last year, the China National Tourism Administration (CNTA) said Saturday. Tourism revenue rose 9.9 per cent to 258.2 billion yuan...

UK farmers 'need Brexit fund'

British MPs scrutinising the government's plans for the agriculture industry after Brexit want funding for farmers when EU subsidies end, they said in a report published on Sunday, reports BBC.Without an EU-UK trade deal, farm exports face tariffs from March 2019.UK shoppers would also likely see price rises from EU...

CIMA holds Business Leaders' Summit

The Chartered Institute of Management Accountants (CIMA) Bangladesh organised a Business Leaders' Summit in the capital recently to look at the changing trends and future prospective of businesses nationally, says a statement.The summit comprised three sessions. The themes of the sessions were to look at the disruptions in the business...

NRB Bank Limited Md Mehmood Husain attends photo session

Managing Director and Chief Executive Officer (CEO) of NRB Bank Limited Md Mehmood Husain attends a photo session at the training, titled "Prevention of Money Laundering & Terrorist Financing" at the bank's Corporate Head Office in the capital recently as the chief guest.

FRC Bangladesh CQK Mushtaq and others seen at CIMA Bangladesh

Chairman of Financial Reporting Council (FRC) Bangladesh CQK Mushtaq and others are seen at the Chartered Institute of Management Accountants (CIMA) Bangladesh-organised Business Leaders' Summit in the capital recently.