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

Commerce Ministry asks NBR to keep customs stations open round the clock

The Commerce Ministry has requested the National Board of Revenue (NBR) to take steps to keep customs houses/stations open round the clock every day till Eid-ul-Azha to ensure smooth supply of essential items in the market and keep prices stable, officials said. The ministry wants to ensure speedy clearance of...

Govt moves to prepare list of abandoned commercial properties

The government has asked the deputy commissioners (DCs) to provide it with the lists of abandoned commercial properties located in their respective districts. The Ministry of Commerce (MoC) at a recent meeting has taken some decisions on getting back the abandoned commercial properties aiming to earn revenues through its optimum...

Germany to provide EUR 200m for renewable energy, climate change projects

Germany will provide EUR 200 million, equivalent to Tk 1.8 billion, for six projects in Bangladesh mainly in the renewable energy, climate change and water resource sectors for attaining sustainable development goals. Of the amount, EUR 172 million will be available as financial cooperation and EUR 28 million as technical...

Digitial financial service linking thousands to mainstream economic activities: Experts

Digital Financial Service (DFS) sector have been playing a key role in financial inclusion of the people in the country, thus connecting thousands to the mainstream economic activities, experts at a conference on Tuesday observed.They said technological innovation, Mobile Financial Services (MFS), agent banking and other DFSs are now most...

BB joins hands with banks, NBFIs for RMG sector dev

The Bangladesh Bank (BB) on Tuesday signed participation agreements with five banks and two Non-bank Financial Institutions (NBFIs) to strengthen economic sustainability of the readymade garment (RMG) sector, reports BSS.Under the agreements, the central bank has enlisted the banks and FIs as the participating financial institutions (PFIs) under the 'Programme...

BHBFC earns Tk 1,689.60m profit in FY'19

The Bangladesh House Building Finance Corporation (BHBFC) has earned Tk 1,689.60 million (Tk 168.96 crore) profit in fiscal year 2018-19 (FY '19), reports BSS.The figure was 126.7 million (Tk 12.67 crore) higher than the previous fiscal year (FY '18).In the FY '19, the corporation allocated Tk 5,530.6 million (Tk 553.06...

BEF re-elects Kamran as its president

Kamran T. Rahman Habibullah N. Karim Kamran T. Rahman has been re-elected President of Bangladesh Employers' Federation (BEF) for the two-year term, 2019-2021.Mr. Kamran T. Rahman is a leading entrepreneur in the jute and tea sectors of Bangladesh. He is the Chairman and Managing Director of Pubali Jute Mills Limited...

MSBPL sets up new factory in Gazipur

McDonald Steel Building Products Limited (MSBPL) has set up a new steel pipe structure fabrication factory in Gazipur district, says a statement.The pre-fabricated structural steel of the new factory will be mainly used for stations of Dhaka Mass Rapid Transit (DMRT) Development project.State Minister for Industries Kamal Ahmed Mojumder inaugurated...

News Briefs-(31-07-2019)

Drug admin requests NBR to waive import duties, VAT on dengue test kitDirectorate General of Drug Administration (DGDA) on Tuesday requested the National Board of Revenue (NBR) to waive import duties and VAT on dengue test kit, raw materials for kit production and reagents. Considering the abnormal rise of dengue...

President of FBCCI Sheikh Fazle Fahim (7th from right)

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim (7th from right), President of Dutch Bangla Chamber of Commerce & Industry (DBCCI) Faruque Hassan (8th from right) and President of Bangladesh Textile Mills Association (BTMA) Mohammad Ali Khokon (9th from right) posing with others...

Nitol Insurance Company

Nitol Insurance Company Limited Chairman A K M Monirul Hoque (right) seen at its half yearly branch conference in the city recently. Chief Executive Officer of the company S M Mahbubul Karim presided over the programme

China-US trade talks to resume after G20 tariff truce

SHANGHAI, July 30 (AFP): US negotiators arrived in Shanghai on Tuesday to resurrect trade talks with Chinese officials, with both sides downplaying expectations of an imminent deal between the world's two biggest economies.The negotiations in the financial hub will be the first face-to-face discussions since US President Donald Trump agreed...

104th meeting of the board of directors of Takaful Islami Insurance

Takaful Islami Insurance Limited Chairman Anwer Hossain Khan, MP, presiding over the 104th meeting of the board of directors of the company at Banani Club in the city recently in presence of members of the board Emdadul Hoque Chowdhury, Anwar Hossain Chowdhury, Md Abul Hashem, Engr Khandaker Mesbahuddin Ahmed, Md...

Huawei warns on US ban

HONG KONG, July 30 (Reuters): Chinese tech giant Huawei Technologies warned on Tuesday a US trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23 per cent thanks to soaring smartphone sales at home.In its first results since Washington placed it on a so-called entity list...

Swiss prosecutors help Japan to investigate into ex-Nissan boss Ghosn

ZURICH, July 30 (Reuters): Swiss prosecutors said on Tuesday they are assisting Japanese authorities in their investigation into former Renault and Nissan Motor boss Carlos Ghosn, who faces charges of fraud and misconduct.Ghosn, who has denied wrongdoing and has been freed on $4.5 million bail, is pursuing claims against Nissan...