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

Noman Group ready to invest in polyester fabric manufacturing

Noman Group of Industries is set to expand its business in polyester-based fabric manufacturing mainly to cater to the growing demand for the manmade fiber across the globe. "We are planning to invest about Tk 5.0 billion in the next three years to set up a unit initially to produce...

GDCL to raise $40m for Spectra solar plant

Green Delta Capital Limited (GDCL) signed a mandate with Spectra Solar Park Limited (SSPL) under which GDCL will act as Mandated Lead Arranger to raise up to USD 40 million through syndicated loan & equity for 35 mw solar power plant of Spectra Solar Park Limited.Spectra Solar Park Limited (SSPL),...

BFSA launches survey on eateries

Restaurant owners pledged on Monday to provide safe food to customers, as the government has taken an initiative to declare selected eateries 'safe food zone'. Extending their support to the government's efforts to ensure safe food for all, they also promised not to sell adulterated food. They made the commitment...

bKash 'Baishakhi' cashback offer

bKash Limited, a mobile financial services provider, offers up to 20 per cent cash back for its customers on bKash payment at selected outlets of reputed brands on the occasion of Phahela Baishakh, says a press statement.The cashback offer, that started on April 1, is available at more than 600...

Pointed gourd shipment to EU resumes

Shipment of pointed gourd has resumed to European Union (EU) market after two and a half years which the sector insiders see as a big boost for diversifying the country's export basket.Fourteen exporters started exporting pointed gourd to the EU market on Saturday after collecting the nutritious vegetable from 'contract'...

Banks achieve 71pc target in disbursement of farm loan

Disbursement of farm loan by the scheduled banks achieved 71.18 per cent of the total target in the eight months to February last as banks strengthened disbursement drives, a central bank official said.The banks witnessed a high demand for credit from the country's agriculture sector, he added. The credit disbursement...

Sri Lanka central bank to keep rates steady

COLOMBO, Apr 2 (Reuters): Sri Lanka's central bank is expected to keep key interest rates unchanged on Wednesday after a rate review, but economists in a Reuters poll are not ruling out the possibility of a rate cut to help bolster economic growth that has slipped to a 16-year low.The...

Vietnam raises 2018 growth target to 6.7pc

HANOI, Apr 2 (Reuters): Vietnam's leader on Monday raised the 2018 growth target for this year to at least 6.7 per cent and said the Southeast Asian country must keep opening up for foreign and domestic investors.Prime Minister Nguyen Xuan Phuc also told a cabinet meeting that high inflation is...

BPDB Chairman Engineer Khaled Mahmood chairing BPDB’s central revenue meeting

Bangladesh Power Development Board (BPDB) Chairman Engineer Khaled Mahmood chairing BPDB’s central revenue meeting with the participation of its chief engineer, executive engineer and other high officials at Bidyut Bhaban in the capital recently

Ali Reza Iftekhar and Md Shahidul Haque exchanging documents after signing memorandum of understanding

EBL Managing Director and CEO Ali Reza Iftekhar and President of Bangladesh Foreign Service Association Md Shahidul Haque exchanging documents after signing a memorandum of understanding on co-branded Visa Signature Card at a ceremony held at the Ministry of Foreign Affairs in Dhaka on Sunday

Beijing-Delhi economic, trade ties witness remarkable results

NEW DELHI, Apr 02 (Xinhua): The 11th meeting of the China-India Joint Group on Economic Relations, Trade, Science and Technology held here recently has brought in new opportunities for deepening bilateral economic and trade cooperation. Trade has grown steadily over the past few years, providing mutual benefits to both countries....

Investment in Los Angeles real estate market falls

LOS ANGELES, Apr 02 (Xinhua): In the Los Angeles metropolitan, Chinese investment in commercial real estate slowed in 2017 following the imposition of capital controls, according to a report issued by real estate brokerage Cushman & Wakefield. The report released last week showed that last year acquisitions by Chinese investors...

Japan business mood worsens after two years

TOKYO, Apr 02 (Reuters): Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed on Monday, as rising raw material and labour costs weigh on an otherwise steady economic recovery.A strong yen and simmering fears of...