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

Lack of open space hits metro rail projects

The scarcity of open space in the city is gradually limiting the scope of constructing metro rail, project officials and experts said.They said the ongoing metro rail projects have already hit a snag due to lack of adequate space for depots and construction yards.According to them, one hectare of land...

Two more PCBs to open offices in HK

Two more private commercial banks (PCBs) are going to set up representative offices in Hong Kong with no objection from the central bank, officials said.The PCBs are Exim Bank Ltd and The City Bank Ltd."We've issued no-objection certificates to the PCBs for establishing the representative offices in Hong Kong," a...

Set up monitoring desk at DCs' offices: Supro

An alliance of non-governmental organisations (NGO) called on the government to set up a separate desk at each district commissioner's office to ensure better monitoring on the implementation of SDGs in the country.The Sushasoner Jonny Procharavijan (Supro) also demanded that the government prepare a working plan involving extremely underprivileged communities...

Govt to bring all unions under Internet facility by June 2019

Posts, Telecommuni-cations and IT Minister Mustafa Jabbar said on Monday that the government will bring all unions of the country under the Internet facility by June 2019."The government is making the digital service accessible to the grassroots level as part of its 'Digital Bangladesh' initiative. All the unions will get...

BBS Cables holds dealers' conference

The BBS Cables Limited Dealer Conference 2018 was held in the capital on Sunday, says a statement.Around 1,150 dealers of BBS Cables Ltd. from different parts of the country joined in the conference.The dealers who met the yearly sales target set for their respective zones were awarded at the conference....

Anwar Landmark gets new executive director

Noor-E-Alam Siddike has joined Anwar Landmark Ltd., a concern of Anwar Group of Industries, as its Executive Director (Sales and Marketing) with effect from September 15, says a press statement.During his 15 years' career, Noor-E-Alam has successfully served in different renowned organisations. Prior to joining Anwar Landmark, he worked as...

Chairman and Managing Director of Uttara Group of Companies Matiur Rahman

Chairman and Managing Director of Uttara Group of Companies Matiur Rahman and directors Mujibur Rahman and Rafiqur Rahman of Eastern Motors Ltd. (EML) seen at the Annual Dealer Conference 2018 of EML, the sole distributor of the Bridgestone tyre, in Cox's Bazar recently

Chairman of the Premier Leasing & Finance Limited Dr Mizanur Rahman Shelley

Chairman of the Premier Leasing & Finance Limited Dr Mizanur Rahman Shelley along with Managing Director Abdul Hamid Mia and other officials inaugurating a branch of the company at Senpara Parbata, Mirpur, in the city on Monday

Head of Retail Business of United Commercial Bank Limited Taufiq Hassan

Head of Retail Business of United Commercial Bank Limited Taufiq Hassan and EAM and Director of Finance of Pan Pacific Sonargaon Dhaka Asif Ahmed exchanging documents after signing an agreement on behalf of their organisations in the city recently, under which UCB Platinum & Gold Credit cardholders now can enjoy...

Low interest rates spawn rise of zombie firms

LONDON, Sept 24 (Reuters): Decades of falling interest rates have led to a sharp increase in the number of "zombie" firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.Economists generally define a zombie firm as one that is at...

German business morale falls

BERLIN, Sept 24 (Reuters): German business morale deteriorated less than expected in September, a survey showed on Monday, suggesting that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy.The Munich-based Ifo economic institute said its business climate index fell to 103.7 from a revised...

CCCS fines Grab, Uber

SINGAPORE, Sept 24 (Reuters): Singapore's anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer.US-based Uber Technologies Inc sold its Southeast Asian business...

'Bangladesh Master Brand Awards-2018'

Executive Director of Walton Group Humayun Kabir receiving a crest of 'Bangladesh Master Brand Awards-2018' from Professor Nazmul Ahsan Kalimullah, vice-chancellor of Begum Rokeya University and Dr Mahmuder Rahman, principal of Dhaka National Medical College and Hospital in the city on Sunday. Walton Hi-Tech Industries Limited (WHIL) has been honoured...

US, China impose fresh tariffs in bitter trade war

BEIJING, Sept 24 (Reuters): The United States and China imposed fresh tariffs on each other's goods on Monday.The world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth. Soon after the new duties went into effect, China...

Singapore's CPI growth rises

SINGAPORE, Sept 24 (Xinhua): Singapore's Consumer Price Index (CPI) grew 0.7 per cent in August, 0.1 percentage points higher than that in July, said the Ministry of Trade and Industry and Monetary Authority of Singapore (MAS) in a joint release on Monday.The MAS Core Inflation, which excludes the costs of...