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

China wants to import sea fishes, jute products from Bangladesh

China has expressed keen interest to import sea fishes, shrimps, crabs, jute products and mangoes from Bangladesh.The interest was evinced as Chinese Ambassador to Bangladesh Yao Wen made a courtesy call on Fisheries and Livestock Adviser Farida Akhter at her Secretariat office in Dhaka on Wednesday, reports BSS.During the meeting,...

Sky Bees Ltd to invest $45.95m in BEPZA EZ

Sky Bees Limited, a local company, will invest US$ 45.95 million to establish an Unmanned Aerial Vehicle (UAV, commonly known as drone) manufacturing industry in the BEPZA Economic Zone (BEPZA EZ), reports BSS.This will be the first factory to manufacture drones in the zones under BEPZA, creating employment opportunities for...

Diversify loan policy of banks, FIs for marginalised SMEs

Speakers at a meeting on Thursday underscored the need of diversifying SME loan policy of banks and financial institutions (FIs) and making those inclusive to keep a place for the marginalised groups among SMEs.They said banks and FIs copy one another for designing loans, they do not innovate new products...

BD to get 40 MW power from Nepal thru' India, deal signed

A tripartite 40 MW power agreement was signed among Nepal, Bangladesh and India on Thursday. Syeda Rizwana Hassan, Adviser for Environment, Forest, Climate Change, and Water Resources, witnessed the signing of a 40-megawatt electricity agreement between Nepal, Bangladesh, and India. The Bangladesh Power Development Board (BPDB), Nepal Electricity Authority (NEA),...

BADC gets new chairman _

Md Ruhul Amin Khan joined as Chairman of Bangladesh Agricultural Development Corporation (BADC) on Wednesday. He started his career as an 11th batch officer of BCS (Administration) cadre in 1993. Prior to joining BADC, he was serving as managing director of National Foundation for Development of the Disabled Persons. He...

EPB for ensuring cargo facilities at Ctg, Sylhet airports

Export Promotion Bureau (EPB) vice-chairman Md Anwar Hossain has laid emphasis on ensuring cargo facilities at Chattogram and Sylhet airports like that at the Hazrat Shahjalal International Airport, reports BSS."Bangladesh has huge potentiality to export agricultural products such as vegetable and fruits and live and frozen fish. But due to...

ISLAMI BANK BOARD MEETING HELD_

A meeting of the Board of Directors of Islami Bank Bangladesh PLC was held at Islami Bank Tower on Thursday. Md. Obayed Ullah Al Masud, Chairman of the bank, presided over the meeting. Md. Abdul Jalil, Chairman, Executive Committee; Prof Dr. M. Masud Rahman, Chairman, Risk Management Committee; Md. Abdus...

SOCIAL ISLAMI BANK HOLDS BUSINESS REVIEW MEETING _

Social Islami Bank organised a business review meeting at the bank's head office on Wednesday. Mohammad Forkanullah, Managing Director (Acting), was present as the chief guest. Abdul Hannan Khan, Deputy Managing Director, Md. Nazmus Saadat, Head of MDS & Investment Wing, Abul Ahsan Muhammad Habibur Rahman, Head of IC &...

BERGER PAINTS HOLDS 51ST AGM

The 51st Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held virtually on Wednesday. Gerald K Adams, Chairman of the company, presided over the meeting. Rupali Haque Chowdhury, Managing Director, along with other directors Anil Bhalla, Parveen Mahmud, Reazul Haque Chowdhury, Rishma Kaur, Kanwardip Singh Dhingra, Sunil Sharma,...

Saudi industry leaders unite with global icons in Uzbekistan to discuss growth of economy

TASHKENT, Oct 03 (Arab News): Industry leaders from Saudi Arabia joined fashion icon Naomi Campbell and other prominent figures at a pivotal conference in Uzbekistan dedicated to the creative economy. Taking place in Tashkent from Oct. 2 to 4, the forum serves as a platform for members of the global...

Samsung to cut job in some Asian operations

SEOUL, Oct 03 (AFP): Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed.The world's largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a...

Turkish inflation falls less than expected in September to 49.4pc

ISTANBUL, Oct 03 (AFP): Turkish annual inflation slowed less than expected in September to 49.4 per cent, official data showed Thursday, a figure which analysts said could disappoint central bank officials after a series of interest rate hikes.Turkey's central bank began to raise rates last year in efforts to battle...

Adani Group to supply clean energy for Google's India cloud operations

NEW DELHI, Oct 03 (Reuters): India's Adani Group will supply clean energy to power Google's cloud services and operations in India, the ports-to- power conglomerate said on Thursday.The group, owned by billionaire Gautam Adani, will supply energy from a new solar-wind hybrid project located at its 30 gigawatt (GW) Khavda...

Dollar bears eye shifts in global yields

NEW YORK, Oct 03 (Reuters): Traders gauging how to best play a sliding US dollar are eyeing the relative strength of economies around the world, as rate cuts from global central banks shake up currency markets.The US dollar index fell 4.8 per cent against a basket of currencies in the...