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

Govt formulates rules to provide one stop services for units in EPZs

The government has formulated rules to provide 23 types of required services from a central authority for the country's eight export processing zones under BEPZA, officials said.The Prime Minister's Office on June 25 issued a gazette notification on the 'one stop service (Bangladesh Export Processing Zones Authority - BEPZA) rules...

BAJUS raises gold price by Tk 175 per gram

Gold price in the local market has been increased by Tk 175 per gram, following a hike in international market.The new price of per gram 22-carat gold has been fixed at Tk 4,475 from previous rate, Bangladesh Jewellers' Samity (BAJUS) said in a statement issued on Wednesday.The new prices of...

Plots for new industries making diversified jute items: Humayun

The government will provide plots to the new entrepreneurs who are interested in diversified jute products in the country, said Industries Minister Nurul Majid Mahmud Humayun on Wednesday.He was speaking at the inaugural ceremony of a five-day exposition at jute goods display and sales centre in the city.Jute Diversification Promotion...

RCC announces Tk 5.471b budget

RAJSHAHI, July 03 (BSS): Rajshahi City Corporation (RCC) has announced a budget worth over Tk 5.471 billion (Tk 547.18 crore) for fiscal year 2019-2020, reports BSS.RCC Mayor AHM Khairuzzaman Liton announced the annual budget at a press conference at Nagar Bhaban in the north-western divisional city.No new tax has been...

US trade deficit hits five-month high as imports from Mexico soar

WASHINGTON, July 03 (AFP): America's politically-sensitive trade deficit jumped to a five-month high in May as imports of automobiles hit the highest on record, according to government data released Wednesday.The trade deficit with Mexico, a country President Donald Trump threatened with stinging tariffs, rose to the highest in a decade,...

WB lowers Malaysia's economic growth rate to 4.6pc in 2019

KUALA LUMPUR, July 03 (Xinhua): The World Bank (WB) has downgraded Malaysia's economic growth this year to 4.6 per cent, from 4.7 per cent earlier due to weaker-than expected investment and export activity, according to its economic report revealed Monday.The World Bank said in a report, the adjusted growth forecast...

Rate cut bets pin dollar near one-week lows vs yen

LONDON, July 03 (Reuters): The dollar slipped to a one-week low against the Japanese yen on Wednesday, undermined by the steady fall in US Treasury bond yields, fading optimism over the Sino-US trade deal and the possibility of fresh tariff hostilities with Europe.Meanwhile the Swedish crown briefly jumped to a...

US manufacturing stumbles

WASHINGTON, July 02 (Reuters): US manufacturing activity slowed to near a three-year low in June, with a measure of new orders received by factories tumbling, amid growing anxiety over an escalation in trade tensions between the United States and China.Other data showed construction spending unexpectedly fell in May as investment...

S’pore wants to build bay-terminal in Ctg

Singapore has expressed its interest to construct a bay-terminal at Chattogram sea port.Singapore's High Commissioner to Bangladesh Derek Loh conveyed his country's interest to build the bay-terminal when he met State Minister for Shipping Khalid Mahmud Chowdhury at his Secretariat office in Dhaka on Tuesday, reports BSS.During the meeting, they...

News Briefs-(04-07-2019)

VAT on sanitary napkin waived, says NBRThe National Board of Revenue (NBR) has said the misleading information in the online and social media about imposition of VAT on sanitary napkin is unexpected. In a statement it has said the board has waived VAT on the item instead of slapping any...

Premier Bank Limited Chairman Dr. H.B.M. Iqbal

The Premier Bank Limited Chairman Dr. H.B.M. Iqbal, Advisor Muhammed Ali and Managing Director & CEO M. Reazul Karim and senior executives posing with the participants of an orientation programme for the newly-recruited probationary officers (PO) and trainee junior officers (TJO)- Cash at the Learning & Talent Development Centre at...

Md. Arfan Ali and senior executives

President & Managing Director of Bank Asia Ltd. Md. Arfan Ali and senior executives of the bank posing with the participants of a day-long training on "Islamic Agent Banking Operations" for 32 agents and customer service officers (CSOs) of the bank at Bank Asia Institute for Training & Development (...

USDA delegation visited BARI

A United States Department of Agriculture (USDA) delegation visited Bangladesh Agricultural Research Institute (BARI) on Wednesday. (From L) USAID representative Mohammad Shebly, USDA International programme specialist Emanuela Montanari-Stephens, BARI Director General Dr. Abul Kalam Azad, USDA International programme specialist Jessica Mudjitaba-Fernandez and Executive Secretary of APAARI Dr Ravi Khetarpal posing...