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

Jute ministry rejects proposal on export project plan

Textiles and jute ministry has turned down a commerce ministry proposal for a project plan to expand the export of jute and jute goods, officials said."Any scope to take a project for enhancing the export of jute and jute goods is limited as production at state-run jute mills is fully...

Jamuna Bank signs deal with Felicity IDC

Jamuna Bank Limited and Felicity IDC on Thursday signed an agreement, under which the bank will host their entire Disaster Recovery Site and Infrastructure with the latter at their international standard and carrier-neutral TIER-III Data Centre at Bangabandhu Hi-Tech City on a collocation basis, says a statement.Managing Director and CEO...

Adopted strategies to help expand renewable energy use: Nasrul

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Friday adopted strategies would expedite use of clean and renewable energy alongside its expansion and diversification, reports BSS."In Bangladesh, adopted strategies would expand renewable energy by playing an effective role to diversify the use of clean energy," said...

BSCIC disburses Tk 3.0m loans in Rajshahi

RAJSHAHI, Nov 5, (BSS): A total of 15 entrepreneurs were given loan worth Taka 3.0 million on (30 lakh) aimed at facilitating them to strengthen their respective enterprises for the sake of boosting income-generating activities alongside job opportunities. From its own fund, the local office of the Bangladesh Small and...

World food prices at 10-yr high in Oct: FAO

World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday, reports Reuters.The Food and Agriculture Organization's (FAO) food price index, which tracks international prices of the most...

Gold prices back above $1,800 an ounce

Gold prices climbed back above $1,800 an ounce on Friday, after data showing the U.S. created more jobs than expected, though a disappointing number of people chose to join the workforce last month and rising inflation dulled prospects for stronger economic growth, reports MarketWatch.U.S. companies added 531,000 jobs in October,...

US trade deficit surged in September amid buying spree

WASHINGTON, Nov 5, (AFP): With American firms on a buying spree for computers and industrial goods amid higher fuel prices, the US trade deficit surged in September to another record, the government reported Thursday. But purchases of autos declined amid the ongoing shortage of semiconductors, the data showed.US exports fell...

Egypt raises Suez Canal transit tolls

CAIRO, Nov 5, 2021 (AFP): Egypt's Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after netting record revenues last tax year even amid the coronavirus pandemic.The new fees will come into place from February 2022, but tourist vessels and liquefied natural...