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

Ctg port posts record cargo handling in 2018

CHATTOGRAM, Jan 02: A set of measures taken by the Chittagong Port Authority in association with its stakeholders helped it improve performance in the containerised cargo handling in the just-concluded calendar year.Last year the port set new record in all three segments-- containerised cargo handling, total volume of cargo in...

Little progress in metro rail recruitment

The state-owned metro rail company is going very slow on recruiting people for the metro rail system although three mass rapid transit (MRT) projects are progressing well.Sources said the Dhaka Mass Transit Company Limited (DMTCL) started the recruitment process through inviting applications for 17 posts in April last.Later, it has...

Bangladesh stands second among India's border trade partners

India's border trade with its six neighbouring countries - Nepal, China, Pakistan, Bangladesh, Bhutan and Myanmar - accounted for a little over $12 billion, which was just 1.56 per cent of India's total global trade of $769 billion in fiscal year 2017-18.India carries out its border trade with the farther...

Int'l entrepreneurial expo begins in city Jan 18

An International Entrepreneurial Expo and Summit 2019 will begin in the capital on January 18.The Dhaka School of Economics (DScE) will organise the two-day event."This exposure will give self-confidence and add value in the domestic and global value chain as well as encourage skill enhancement for job employability in the...

China slowdown, trade disputes weigh on Asia factory activity

HONG KONG, Jan 02 (Reuters): Factory activity weakened across Asia in December as the Sino-US trade war and a slowdown in Chinese demand hit production in most economies, strengthening the case for a pause in interest rate hikes in the region in 2019.A series of purchasing managers' indexes for December...

ECB installs administrators at Italian bank

FRANKFURT AM MAIN, Jan 02 (AFP): Supervisers at the European Central Bank (ECB) said Wednesday they had ordered temporary administrators to take over floundering Italian lender Banca Carige, after most of its board resigned.Five departures "made the installation of temporary administration necessary to steer the bank in order to stabilise...

Rupee edges lower against dollar

MUMBAI, Jan 02 (PTI): The rupee deprecated by 23 paise and fell to 69.70 per dollar mark in early trade Wednesday amid strengthening of the American currency and lower opening in domestic equities.Forex traders said sustained foreign fund outflows also weighed on the local unit. However, lower crude oil prices...

News Briefs-(3-1-2019)

Shipping ministry forms 'Working Group' The shipping ministry has formed a five-member 'Working Group' to prepare plan for implementation of its programmes as envisaged in the election manifesto of the government. The group will create an 'Action Plan' to implement the plans embarked by the shipping ministry, an official release...

Powell's approach sets up for rocky 2019

WASHINGTON, Jan 2 (Reuters): Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on the US central bank.

Md. Ahsan-uz Zaman inaugurating Agent Banking Centre at Lobonchora

Midland Bank Limited (MDB) Managing Director & CEO Md. Ahsan-uz Zaman inaugurating the bank's Agent Banking Centre at Lobonchora in Khulna Sadar on Wednesday with senior executives of the bank and local elite present

FBCCI President Md. Shafiul Islam Mohiuddin and Senior Vice President Sheikh Fazle Fahim

FBCCI President Md. Shafiul Islam Mohiuddin and Senior Vice President Sheikh Fazle Fahim, on behalf of the FBCCI Foundation, distributing warm clothes among the cold-hit people in the capital on Wednesday with FBCCI Director and Managing Director of FBCCI Foundation Md. Habib Ullah Dawn and other FBCCI directors present

BGIC celebrating the New Year 2019

Bangladesh General Insurance Company Ltd. (BGIC) celebrating the New Year 2019 at its head office in the city on Tuesday while the company's Chairman Towhid Samad was present as chief guest. Managing Director Ahmed Saifuddin Chowdhury presided over the function that called for making efforts to maintain the growth of...

Muhammad Nazrul Islam presiding over 489th board meeting of RAKUB

Chairman, Board of Directors of Rajshahi Krishi Unnayan Bank (RAKUB), Muhammad Nazrul Islam presiding over the 489th board meeting of the bank at its headquarters in the capital recently with Managing Director Kazi Alamgir and Rajshahi Divisional Commissioner Md Noor-ur-Rahman present