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

Direct trade links with Tunisia to boost exports

Dhaka is keen to establish direct trade links with Tunisia to explore more markets for its readymade garments (RMG) in the North African country.The issue has been raised during a ministerial-level meeting held between the two countries in the Tunisian capital earlier this month. Bangladeshi readymade garments already have some...

Banks ‘must lower interest rates to borrowers’

An eminent banker of the country ruled out Sunday any liquidity crisis in banks, saying the problem lies with the distribution of fund.Managing director of Mutual Trust Bank Ltd (MTB) Anis A. Khan said the banks must offer lower interest rates to borrowers by introducing special products for savings as...

Apparel makers call for fair pricing

Bangladesh garment manufacturers have called for a 'commensurate adjustment' in pricing and sourcing garments from developing countries like Bangladesh, reports UNB.It (justified price) is increasingly crucial and needs to be looked at forthright by the global brands and retailers, they said.The apparel makers made the call at a conference on...

FBCCI team to join C'wealth Forum

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) left Dhaka for London on Saturday to join the Commonwealth Business Forum and Cardiff Business Seminar.Prime Minister Sheikh Hasina will also attend the programme to be held on April 16-18, said a press release.FBCCI President Md Shafiul...

Tripura urges Delhi to remove curbs on exports to Bangladesh

Tripura has requested the Indian central government to remove non-tariff trade restrictions on export of commodities through its land customs stations (LCSs) to Bangladesh. The restrictions have been hurting the interests of India's north eastern state.Tripura, which has seven LCSs on the India-Bangladesh border, has been exporting commodities worth only...

Coinsecure exchange says $3.0 million worth of bitcoins stolen

NEW DELHI, Apr 15 (Reuters): Coinsecure, an Indian cryptocurrency exchange, said nearly $3.0 million were stolen from its bitcoin wallet, the biggest reported so far in the country's fledgling virtual currency market.The theft is expected to further weaken trade in cryptocurrencies, which the government has likened to "Ponzi schemes" that...

Union Bank Ltd donates Tk 10m to PM's relief fund

Union Bank Limited, a new generation private commercial bank, has donated Tk 10 million (Tk 1.0 crore) to the Prime Minister's Relief and Welfare Fund as a part of its corporate social responsibility (CSR).Chairman of the bank Shahidul Alam handed over the cheque for the money to Prime Minister Sheikh...

ICMAB CBC holds CPD programme

Chattogram Branch Council of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a continuing professional development (CPD) programme at CMA Bhaban at Agrabad in the port city recently.Qazi Meraz Uddin Arif, Chairman, Chattogram Branch Council (CBC), ICMAB, presided over the CPD programme on 'Mana-gement Accounting Tools for...

Midland, IDCOL raise syndicated term loan for auto brick plant

The financial closing ceremony of a loan syndication involving Tk 598 million to finance the debt portion for setting up an environment-friendly brick manufacturing plant named 'Kushiyara Auto Bricks Limited' (KABL), was held at a city hotel recently, says a statement. Midland Bank Limited (MDB) and Infrastructure Development Company Limited...

News Briefs--(16-04-2018)

Marubeni looks to set up fertiliser factory in BD Japanese Marubeni Corporation on Sunday expressed its interest to set up a Nitrogen, Phosphorus and Potassium (NPK) fertiliser factory in Bangladesh. This was disclosed by Chief Executive Officer (CEO) for the South-West Asian region of the Marubeni Corporation Naoki Izumi when...

Prime Minister Sheikh Hasina receiving a cheque for Tk 10 million for the Prime Minister's Relief and Welfare Fund from Chairman of NRB Bank

Prime Minister Sheikh Hasina receiving a cheque for Tk 10 million for the Prime Minister's Relief and Welfare Fund from Chairman of NRB Bank Limited Mohammed Mahtabur Rahman at a function at her residence Gonobhaban in the city recently

Sheikh Fazle Noor Taposh, Chairman, Executive Committee of the Board of Directors of Modhumoti Bank Limited, along with others posing for photo

Sheikh Fazle Noor Taposh, Chairman, Executive Committee of the Board of Directors of Modhumoti Bank Limited, along with others posing for photo after inaugurating a programme welcoming the 'Bangla New Year 1425', organised by Dhanmondi Club and sponsored by the bank, at Rabindra Sorobor at Dhanmondi in the city on...

China’s dev offers ‘unprecedented opportunities’ for world

BEIJING, Apr 15 (Xinhua): Steady growth in China has promoted global economic recovery and trade growth, and provided unprecedented opportunities for other countries, according to the National Bureau of Statistics (NBS)."In recent years, Chinese economic growth held steady at a medium-high rate to become an indispensable engine and anchor for...

Walmart close to buying majority of India’s Flipkart

HONG KONG/MUMBAI, Apr 15 (Reuters): Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter...

Jin Lee new Asia Pacific Bancassurance Head of Chubb

SINGAPORE, Apr 15: Chubb announced on Friday the appointment of Jin Lee as the Head of Bancassurance for Asia Pacific, says Media OutReach release. In her new role, Ms. Lee's primary responsibility will be to oversee the DBS-Chubb partnership which spans across Singapore, Hong Kong, Taiwan, Indonesia and China. She...