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

Mirza Azam blames FinMin for delay in jute upgrades

A move to categorise jute goods as processed agricultural products could not be materialised in nearly last two years due to apathy from some relevant government agencies, especially the finance ministry, State Minister for Textiles and Jute Mirza Azam said on Monday."The evil soul of World Bank is still alive...

Borrowing by top 20 defaulters makes up 40pc of soured loans

Credit risk has emerged as the most challenging for banks, involving as much as 88 per cent of the overall assets of the country's financial sector, an academic said on Monday.To overcome this challenge, local and overseas professionals laid emphasis on paying more attention to making credit risk management stronger...

DCCI calls for sorting out land acquisition hurdles to zone dev

A trade body has identified the delay in land acquisition process as one of the bottlenecks for the development of economic zones (EZs) in the county.The Dhaka Chamber of Commerce and Industry (DCCI) also stressed the need for ensuring direct road and waterways connectivity with such zones to reap the...

Japanese firm partners with Yunus Centre to launch social business

Yoshimoto Kogyo Company of Japan has recently teamed up with Yunus Centre and Yunus Shiiki Social Business Research Centre at Kyushu University in Fukuoka to launch a joint venture social business company in Japan.The social business company will address social problems of Japan in innovative ways by mobilising comedians and...

Leaders of the FBCCI led by its President Md Shafiul Islam call on Vietnamese President

Leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its President Md Shafiul Islam (Mohiuddin), call on Vietnamese President Tran Dai Quang at a hotel in the capital on Monday. FBCCI Senior Vice President Sheikh Fazle Fahim and Vice President Md Muntakim Ashraf are also...

Testing limits at home, Polish firms look abroad for growth

GDYNIA, Poland, Mar 5 (Reuters): Trans Polonia Group faces a problem confronting many ambitious mid-sized Polish companies: it is starting to outgrow its home market.The group's trucks already supply a quarter of the fuel delivered by road to filling stations across Poland, and Trans Polonia (TPG) has decided that to...

Belt and Road Initiative yields fruitful results: NPC spokesman

BEIJING, Mar 5 (Xinhua): The Belt and Road Initiative has yielded fruitful results during the past five years, Zhang Yesui, spokesman for the first session of the 13th National People's Congress (NPC) has said."This year marks the fifth anniversary of the Belt and Road Initiative proposed by Chinese President Xi...

Commercial Bank of Ceylon signs memorandum of understanding with NOVOAIR

Commercial Bank of Ceylon signs a memorandum of understanding with NOVOAIR Limited to offer zero per cent interest EMI facility on COMBANK credit cards. Najith Meewanage, Chief Operating Officer of Commercial Bank of Ceylon, and Mes-Bah-Ul-Islam, Head of Marketing and Sales of NOVOAIR Limited, attend the signing ceremony held in...