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

Motorbike sales zoom up

Motorbike sales have seen a significant rise in the country over the past several years as the import-based industry gets a boost from the government's policy support.According to trade insiders, about 0.25 million motorbikes were sold annually before 2015. The figure has now almost doubled to 0.44 million. Following a...

ECNEC approves project to reclaim four rivers

The Executive Committee of the National Economic Council (ECNEC) approved on Tuesday 15 projects involving Tk 132.18 billion, reports UNB.The 'Navigability development and reclamation of old Brahmaputra, Dharla, Tulai and Punorbhoba rivers' project is one of the 15 projects. Of the total cost of the projects, Tk 84.79 billion will...

Mirsarai Economic Zone to have technology centre

CHATTOGRAM, Oct 2: The government is going to set up a technology centre in the Mirsarai Economic Zone to facilitate export diversification, create skilled workforce and support technical development.The technology centre (TC) will be established on an area of 10 acres of land in the Economic Zone (EZ) and it...

Remittance inflow rises 32pc in Sept

The expatriate Bangladeshis have sent home over $1.13 billion in September, an increase of about 32 per cent from the same period a year earlier, reports bdnews24.com.In the first three months (July-September) of the current fiscal year, expatriates remitted over $3.86 billion, which is 13.73 per cent higher than the...

FBCCI for reducing land registration fee

Leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have called for reducing the registration fee for lands and apartments, reports UNB.They also called for changing the provision of paying registration fee in every selling and buying, and stressed upgrading the land-keeping system.The issues were discussed at...

NOVOAIR offers Kolkata, Cox's Bazar holiday packages

NOVOAIR has been offering two nights three days holiday package for Cox's Bazar and Kolkata at a reasonable price for the credit card holders of 18 banks.The offer is valid from October 01 2018 till March 31 2019.A release issued on Monday said that the installment for the Cox's Bazar...

Samsung, Edison Electronics sign partnership deal

Samsung and Edison Electronics Ltd. signed VRF partnership agreement at a ceremony in the capital recently, says a statement.Under the new partnership agreement, customers will enjoy Samsung VRF air-conditioning system with Samsung warranty and services from Edison Electronics.Country Manager of Samsung Seungwon Youn and Chairman of Edison Group Aminur Rashid...

Govt to hold talks with ENOC for LPG terminal

Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up a liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday, reports Reuters."ENOC has sent us a proposal for a joint venture project to build a liquefied petroleum gas terminal," said Sayed...

'Modern technology-based remittance payment system'

Managing Director of First Security Islami Bank Ltd. Syed Waseque Md Ali addressing a view exchange meeting on 'Modern technology-based remittance payment system', organised by the First Security Islami Exchange, Italy S.R.L, in Rome recently

'SME Financing: Bangladesh Bank Guidelines and Appraisal of Credit Proposal'

Deputy Managing Director & DCBO of Mercantile Bank Md Zakir Hossain and DMD & CSBO Adil Raihan seen at a workshop titled 'SME Financing: Bangladesh Bank Guidelines and Appraisal of Credit Proposal' organised by the Mercantile Bank Training Institute in the city recently

Agent Banking Operation of Modhumoti Bank

Vice-Chairman of Bhanga Upazila Sarwar Hossain along with Senior Vice President and Head of Agent Banking Operation of Modhumoti Bank Limited Moklesur Rahman inaugurating the 'Modhumoti Digital Banking' at the Upazila Parishad auditorium in Bhanga, Faridpur, recently

NZ posts largest ever monthly trade deficit

WELLINGTON, Oct 02 (Reuters): New Zealand posted its largest monthly trade deficit on record in August as exports failed to keep up with a surge in key imports, official data showed, although analysts pointed to some bright spots in the numbers.Statistics New Zealand figures showed the monthly trade deficit had...

India to borrow Rs 2.47tr during Oct-Mar period

India will borrow gross Rs 2.47 trillion ($34.08 billion) from the market between October and March through dated securities, lower than budgeted estimates, Economic Affairs Secretary Subhash Chandra Garg said, reports Reuters.Reuters had previously reported the borrowing for the second half of the fiscal year was likely to be lower...

18th AGM of Desh General Insurance Company

Chairman of Desh General Insurance Company Limited Md Jashim Uddin posing for photo with directors at the 18th annual general meeting (AGM) of the company at a city hotel recently

Carmakers step up warnings over Brexit without a deal

PARIS, Oct 02 (Reuters): Carmakers ratcheted up their Brexit warnings on Tuesday, with France's PSA Group and Germany's BMW both saying UK production would suffer if Britain leaves the European Union without a deal.With less than six months before Britain is due to quit the EU on March 29, businesses...