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

MCCI fears 6.0pc inflation in Sept

A spike in inflationary pressure is projected for September on the back of a rising trend in the prices of key commodities in the international market.Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) predicted the overall point-to-point inflation close to 6.0 per cent at the end of this month.However, Bangladesh...

Petrobangla, IFIC Bank ink MoU to pay LNG terminal fee

State-run Petrobangla on Wednesday signed a memorandum of understanding (MoU) with IFIC Bank Ltd. to facilitate payment of terminal fee to Summit LNG Terminal Co Ltd.Petrobangla will make payment to Summit against the use of latter's LNG (liquefied natural gas) terminal through the IFIC Bank under this agreement.Summit's LNG terminal...

Thrust on tapping BD, South Africa economic potentials

Experts at a programme on Wednesday stressed the need for tapping trade and economic potentials between Bangladesh and South Africa.They said that there is huge potential between the two countries in different sectors like apparel, pharmaceuticals, fisheries, leather products and tourism.The experts also called for enhancing collaboration between the two...

Apparel tech, fabric expos begin in city

The 20th Textech Bangladesh International Expo-2019 began in the city on Wednesday, showcasing technology, machinery and other related services concerning the apparel sector.Industries Minister Nurul Majid Mahmud Humayun inaugurated the four-day exhibition at the International Convention City Bashundhara in the capital.The 16th Dhaka International Yarn and Fabric Show 2019 and...

Chittagong port to be made most modern: Khalid

CHATTOGRAM, Sept 04: Chittagong Port is the lifeline of the economy of Bangladesh, said State Minister for Shipping Khalid Mahmud Chowdhury. He said the government is further developing the country's prime sea port with the aim to make one of the top 50 ports in the world in future.He was...

Govt declares new MPA near Nihjum Deep

The government has announced a new Marine Protected Area (MPA) near the Nihjum Deep to safeguard oceanic species there and explore the country's Blue Economy potentials.The Ministry of Fisheries and Livestock (MoFL) demarcated some 3,188 square kilometres (sq-km) as the new MPA to check any unplanned activities inside Bangladesh territory...

PRAN Dairy organises awareness programme to produce safe milk

PRAN Dairy has organised an awareness-raising programme for farmers for safe milk production in the country, says a statement.The programme was inaugurated at the PRAN Dairy Complex at Shahjadpur in Sirajganj district on Wednesday.Speakers at the programme underscored the need for ensuring the supply of proper and adequate food for...

Commerce ministry to strengthen monitoring of onion price

The Ministry of Commerce (MoC) will strengthen further its monitoring to keep price of onion stable. There is adequate supply of this key spice item in the market, officials of the ministry said. When contacted, Md Ziaur Rahman-assistant trade consultant of the commerce ministry said at his secretariat office, "We...

Two garment factories at Ashulia shut over workers' unrest

Authorities shut down two garment factories over workers' unrest for the last four days at Ashuliya of Savar-on the outskirts of the capital.Suddenly the authorities notified on Wednesday morning that the factory would remain shut for an indefinite period of time.Earlier, workers of those factories had been demonstrating for the...

'BD advances toward prosperity'

RANGPUR, Sept 4 (BSS): Bangladesh is advancing towards prosperity for attaining the sustainable development goals (SDGs) to become developed country by 2041.Government officials and educationists said at a discussion on 'Publicity Programme on Advancement of Bangladesh toward Prosperity' in Pirganj upazila in the district this afternoon.The District Information Office organised...

News Briefs (05-09-2019)

Software cos require BASIS membershipThe government has made it mandatory for the country's software companies to obtain membership of the Bangladesh Association of Software and Information Services (BASIS). The department of trade organisation under commerce ministry issued a circular on September 02 to this end. The notice was sent to...

Petrobangla Secretary Syed Ashfaquzzaman (L)

Petrobangla Secretary Syed Ashfaquzzaman (L) and Deputy Managing Director of IFIC Bank Shah Md. Moinuddin (R) exchanging documents after signing a memorandum of understanding (MoU) on making payment of bill for LNG terminal fee in foreign currency at Petrobangla's borad room in the capital on Wednesday. Petrobangla Chairman Md. Ruhul...

Putin, Modi vow closer ties at Far East economic forum

VLADIVOSTOK, Russia, Sept 04 (AFP): Indian Prime Minister Narendra Modi said he would boost ties with Moscow as he met President Vladimir Putin at the Kremlin's showcase economic forum in the Russian Far East on Wednesday.Russia has hosted the three-day forum in its Pacific coast city of Vladivostok since 2015...

FBCCI President Sheikh Fazle Fahim (right)

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Sheikh Fazle Fahim (right) and Ontario Chamber of Commerce President and CEO Rocco Rossi signing a Memorandum of Understanding (MoU) on behalf of their respective organisations at the 13th Toronto Global Forum in Ontario, Canada on Wednesday in presence...

Japanese jobs for S Korean graduates dry up amid trade row

SEOUL, Sept 04 (Reuters): Song Min-su, a Japanese major in his final year at Hannam University, south of Seoul, has watched in dismay as a spat between South Korea and Japan over wartime forced labor has spiraled into a damaging political and economic row.Song, 25, has been pursuing his dream...