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Saudi banks to see double-digit asset growth by early 2020
Reuters | Updated at 12:00am on April 08, 2019
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, supported by government plans to...
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Africa’s richest man withdrew $10m just to look at it
AFP | Updated at 12:00am on April 08, 2019
Nigerian billionaire Aliko Dangote, known as Africa’s richest man, told a forum in Ivory Coast on Saturday how he once took $10 million in cash...
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BOGSOA seeks financial stimulus for oceangoing ships
Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on April 08, 2019
Bangladesh Oceangoing Ship Owners’ Association (BOGSOA) on Sunday sought financial stimulus and other facilities enjoyed by export oriented industries.The BOGSOA leaders said that the oceangoing...
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Raise tax on tobacco to discourage use: experts
Staff Correspondent | Updated at 12:00am on April 08, 2019
Experts on Sunday said that the government must increase taxes on tobacco products to curb affordability, consumption and production of the products which are hazards...
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Stocks drop on liquidity shortage, GP plunge
Staff Correspondent | Updated at 12:00am on April 08, 2019
Dhaka stocks dropped on Sunday as investors maintained cautious trading fretting over the liquidity dearth in the country’s financial sector and Grameenphone’s tussle with the...
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Several banks discontinue export bill discounting
Staff Correspondent | Updated at 12:00am on April 08, 2019
A number of banks have stopped purchasing export bills through their offshore banking units, depriving a section of exporters from export bill discounting facility and...
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Telcos seek authorities’ quick step to restore power to BTSs after storms
Staff Correspondent | Updated at 12:00am on April 08, 2019
Association of Mobile Telecom Operators of Bangladesh on Sunday urged that the authorities concerned should take immediate measures to restore electricity supply to mobile network...
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MCCI, other trade bodies demand corporate tax cut for all firms
Staff Correspondent | Updated at 12:00am on April 08, 2019
Metropolitan Chamber of Commerce and Industry along with some other trade bodies on Sunday demanded corporate income tax cut both for listed and non-listed companies.At...
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Govt okays Tk 10cr for Sonali bag production
Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on April 08, 2019
The government has approved about Tk 10 crore to run a project for producing biodegradable Sonali bags from jute and conducting advance research on the...
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Export earnings near $31b in 9 months
Staff Correspondent | Updated at 12:00am on April 08, 2019
Country’s export earnings in the first nine months of the current fiscal year (2018-19) stood at nearly $31 billion due to an impressive performance of...