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

BPDB likely to invite tender for setting up 10 solar power plants

The Bangladesh Power Development Board (BPDB) is preparing to float tenders for development of 10 grid-connected solar power plants in the private sector, each with a capacity of 50 MW, totaling 500 MW, reports UNB.According to official sources, the move came against the backdrop of the interim government's decision not...

BASIS seeks direct link in automation

The Bangladesh Association of Software and Information Services (BASIS) has proposed its direct involvement in automating the tax-exemption certification and integrating VAT collection into the NBR system.It also called for the removal of the 100-per cent cashless transaction requirement for tax exemptions of ICT entrepreneurs.The BASIS put forward a set...

Official opening of Kalurghat bridge in Nov

Almost a century-old rail-road bridge, known as the Kalurghat bridge, over Chattogram's largest river Karnaphuli, is scheduled to be officially open within November as the renovation works are coming almost to an end with only bridge painting and street light installation work left.Built in 1930, the 239-meter-long bridge is crucial...

SHAHJALAL ISLAMI BANK PROVIDES SCHOLARSHIP TO 350 STUDENTS

Shahjalal Islami Bank PLC has awarded scholarship to 350 poor and meritorious students who passed SSC exams across the country. Some 40 students received the scholarship cheques at a ceremony held at the Corporate Head Office of the bank on Wednesday. The scholarship money of the remaining 310 students will...

Nahid Afroz appointed as BCS administrator

The government appointed Nahid Afroz as the administrator of Bangladesh Computer Samity (BCS), a trade organisation under the Ministry of Commerce, so that she can hold an election to form a committee for the trade body.The administrator has been given an assignment to conduct an election within 120 days and...

Standard Bank Learning Centre Training begins

To enhance banking knowledge & efficiency, Shari'ah-based Standard Bank organised a two-day training on investment for the selective officials of Head Office & Branches of the bank. Md. Habibur Rahman, Managing Director & CEO of the bank, inaugurated the training as the chief guest at the bank's Learning Centre on...

OECD sees global growth stabilising at 3.2pc

PARIS, Sept 25 (Reuters): Global growth is in the process of stabilising as the drag from central bank rate hikes fades and falling inflation boosts households' incomes, the OECD said on Wednesday, marginally raising its outlook for this year.The world economy was projected to grow 3.2 per cent both this...

Attack, vandalism in Gazipur over control of 'cloth scrap' business

An apparel factory in Garipur's Sreepur Upazila has been attacked and vandalised over the control of a business tied to cloth scraps and waste fabric, referred to locally as 'jhut', reports bdnews24.comPanic over the incident disrupted traffic on the Dhaka-Mymensingh highway for half an hour.The incident occurred in front of...

MIST signs MoU with Walton for research, innovation

Walton Digi-Tech Industries Limited and Military Institute of Science and Technology (MIST) have signed a Memorandum of Understanding (MoU) for a three-year partnership aimed at promoting research, cooperation, innovation and technological advancement, reports BSS.According to an ISPR release issued in Dhaka on Wednesday, this strategic collaboration will focus on extending...

China announces new measures to boost employment

BEIJING, Sept 25 (AFP): China's leadership announced new measures to boost employment, state media reported on Wednesday, a day after Beijing unveiled a sweeping stimulus package to bolster its ailing economy.The world's number two economy has struggled to sustain a highly anticipated recovery from the Covid-19 pandemic and analysts say...

UniCredit overtures hold few fears for Germany’s Mittelstand

BERLIN, Sept 25 (Reuters): Germany's Commerzbank says its role as a key lender to the swathe of "Mittelstand" midsize companies that drive Europe's top economy is grounds to resist UniCredit's overtures. But Mittelstand leaders themselves are less convinced.Italy's UniCredit said on Monday it was preparing to increase its stake in...