Business Desk :Executive Committee Chairman of Islami Bank Bangladesh Limited and Bangladesh House Building Finance Corporation’s Chairman Professor Dr. Md. Salim Uddin said that ‘Bangladesh is well on track for adopting Financial Technology (FinTech) for sustainable growth’.He said this in an ‘Executive Development Program’ organized by Islami Bank Training & Research Academy (IBTRA) on Saturday held through virtually. Mohammed Monirul Moula, Managing Director & CEO of the bank addressed the program as chief moderator. Muhammad Qaisar Ali and Md. Omar...
Staff Reporter :Social Welfare Nuruzzaman Ahmed on Tuesday said that the present government is working to lessen barriers to create...
Economic Reporter :In order to stimulate the economy in Covid-19 realities, job creation and investments in India-Bangladesh joint venture is the best way to benefit both the nations, said Sheikh Fazle Fahim, president of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI).He was addressing a webinar titled “India-Bangladesh Trade and Investment: Stakeholders Interaction” organised by the Federation of Indian Chambers of Commerce and Industries (FICCI) on Monday, according to a press release.Ms Riva Ganguly Das, high commissioner of India...
Business Desk :A conference titled “Belt and Road Meets Digital Bangladesh” was held at Shenzhen Stock Exchange in China on May 6 where more than 25 Bangladeshi Technology Companies had the opportunity to interact with about 100 Chinese investors and companies, says a press release on Saturday.Shenzhen is the technology capital of China and more than 2100 companies are listed on the Shenzhen Stock Exchange, the 8th largest stockmarket globally with a combined market value of $ 3.3 trillion.This was...
Economic Reporter :To support marginal farmers who are facing additional challenges due to the ongoing Covid-19 pandemic, Bayer has introduced a new global initiative – ‘Better Farms, Better Lives’. The free distribution of Bayer’s hybrid rice seeds to smallholder farmers was kicked off at Dhanbari upazilla of Tangail district recently through a video conference.Dr Muhammad Abdur Razzaque, Agriculture Minister of Bangladesh, Peter Fahrenholtz, German Ambassador to Bangladesh, M Nasirumazzan, Secretary of Agriculture Ministry, D Narain, Senior Bayer Representative South Asia,...
Economic Reporter :Potentially anticompetitive practices in the pharmaceutical industry are among topics to be discussed at a global meeting on competition next week in Geneva.The 15th Intergovernmental Group of Experts Meeting on Competition Law and Policy, which takes place from October19 to 21, marks the 70th anniversary since the UN first discussed ‘restrictive businesspractices’, according to a message received here from Geneva on Friday.Bangladesh has a strong position in the pharmaceuticals sector. The local pharma market is valued at around...
Reuters, Washington :As a partial shutdown of the U.S. government entered its eighth day, with no quick end in sight,...
Economic Reporter :One of the major reasons behind the revenue deficit is the persons, who are supposed to pay taxes, are not paying taxes, said Dr Mostafizur Rahman, distinguished fellow of the Centre for Policy Dialogue (CPD).He further said Black money whitening opportunities have reportedly been given in the budget, which is an obstacle to put a lid on corruption.He made the comment while addressing the Shadow Parliament as the chief guest on this year’s budget amid Covid-19 pandemic organised...
Business Desk :Speakers at a webinar said blockchain technology has the potential to impact all recordkeeping processes, including the way transactions are initiated, processed, authorized, recorded, and reported.Changes in business models and business processes may impact back-office activities such as financial reporting and tax preparation.Experts made the observations at a virtual webinar on ‘Blockchain: New dimension for audit profession’ organised by the Institute of Chartered Accountants of Bangladesh (ICAB) on Sunday, ICAB said in a statement on Monday.They said both...
AFP, Sendai :Britain’s possible exit from the European Union took centre stage at a G7 meeting in Japan Saturday, as UK finance minister George Osborne warned a ‘Brexit’ could doom trade deals with EU countries.The comments came during two days of talks largely focused on how the club of rich nations can stoke the lumbering world economy, with terrorism financing and a sharp divide over currency policy also on the table.As the vote on Britain’s future in the EU draws...
The bosses of more than a third of Britain’s top companies on Tuesday urged voters to keep the country in the European Union, warning that a “Brexit” would threaten jobs. Some 198 business leaders including Roger Carr, chairman of BAE Systems, BP CEO Bob Dudley and Ron Dennis, chief of F1 team McLaren, wrote a joint letter published in the Times, backing Prime Minister David Cameron’s deal to reform the EU. “Following the prime minister’s renegotiation, we believe that Britain...
Business Desk :The Bangladesh Securities and Exchange Commission (BSEC) will approve application of any company’s initial public offering within two weeks if it submits papers properly, top officials of the commission said on Tuesday.“We have a checklist. If the issuer companies follow the list and submit the necessary papers properly, we can approve initial public offering within two weeks,” said Prof Shibli Rubayat Ul Islam, chairman of the stock market regulator. “We have already approved an IPO recently in two...