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

Remittance inflow rises by 12pc in first four months of FY'19

The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recent months.The inward remittances rose by 12.17 per cent to $5.11 billion during the July-October period...

India hands over three river terminals to SAPEGIL

The Inland Waterways Authority of India (IWAI) in its first-ever Public Private Partnership (PPP) has handed over three river terminals to Summit Alliance Port East Gateway (SAPEGIL) on a supply, operate and maintain (SOM) model. The terminals - Garden Reach Terminal in Kolkata and, Gaighat and Kalughat Terminals in Patna...

Meridian Finance to scale up business with new products from next year

Meridian Finance & Investment Limited (MFIL) has planned to scale up its deposit portfolio starting from 2019 through introducing more need-based products. The company, which came into operation in December, 2015, will start setting up more sales offices and touch points, and will offer lucrative financial offers to create more...

CCCI urges Canada to invest in special economic zones

CHATTOGRAM, Nov 06: The Chittagong Chamber of Commerce and Industry (CCCI) has urged Canada to invest in the special economic zones in Bangladesh. Both the countries have excellent bilateral relations, but Canada is yet to make major investments in Bangladesh, which is offering lucrative incentives to foreign and local investors,...

RHD lacks plan to upgrade road markings

Roads and Highways Department (RHD) has no concrete project to ensure markings on the country's road network, which is necessary to avoid accidents.Sources said RHD also has no record of the roads that need markings, including signs and signals.They said usually the work of road signs and signals is completed...

Entrepreneurship Week from Nov 12

The Global Entrepre-neurship Week (GEW) 2018 will be observed in the country from November 12 to 17, says a press statement.The Daffodil International University (DIU) has organised the week-long event.Project Director of A2i Project of the Prime Minister's Office will inaugurate the event as the chief guest, organisers told a...

Vision brings in four new products

Vision Electronics, a local electronics brand, has rolled out four new products -- two models of 32-inch smart TV, front-loading washing machine and microwave oven of 30 liters, says a press statement. The Vision M-01-modelled 32 inch smart TV has dolby digital sound system which ensures perfect sound and the...

News Briefs-(7-11-2018)

IBFB celebrates its 13th annivThe International Business Forum of Bangladesh (IBFB), a non-profit and non-partisan research and advocacy based nationwide trade body, has celebrated its 13th anniversary at a city hotel on Monday. President of IBFB Humayun Rashid inaugurated the event and thanked everyone present at the event. Recalling the...

Toyota profit up 28pc

TOKYO, Nov 06 (AP): Toyota Motor Corp. reported a 28 per cent surge in its net profit in the last quarter, helped by growing sales in Europe, Asia and the Americas, and raised its earnings forecast for the full year.The top Japanese automaker said Tuesday that its July-September profit totalled...

Alamgir Shamsul Alamin (Kajal) presiding over the annual general meeting

President of the Real Estate & Housing Association of Bangladesh Alamgir Shamsul Alamin (Kajal) presiding over the annual general meeting of the association at a city hotel on Monday. Senior vice-president of the association Nurun Nabi Chowdhury (Shaon) MP also seen

Chairman of board of directors of Agrani Bank Limited Dr Zaid Bakht speaking

Chairman of board of directors of Agrani Bank Limited Dr Zaid Bakht speaking as the chief guest at an inaugural function of a six-week "Foundation Course for Newly-Recruited Senior Officers (Auditors)" organised by Agrani Bank Training Institute (ABTI) in the city Sunday. General Manager and Head of ICC Md Monowar...

China grants more trademark approvals for Ivanka firm

BEIJING, Nov 06 (Reuters): China granted initial approval for 16 new trademarks last month for the fashion brand of US President Donald Trump's daughter and adviser Ivanka, including voting machines, a search of official records on Tuesday showed.Ivanka announced in July she was shutting her fashion line to focus on...

Alibaba’s Ma calls trade war ‘stupidest thing in the world’

SHANGHAI, Nov 06 (AFP): The US-China trade war is the "stupidest thing in the world," Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened Monday partly to counter foreign criticism of its trade policies.Ma, who recently took back an earlier pledge to create a million jobs...

Australia’s central bank lifts economic growth forecast

SYDNEY, Nov 06 (AFP): Australia's central bank said on Thursday the economy was "performing well" and lifted its growth outlook while keeping interest rates at a record low but warned there were concerns about global trade.The announcement comes as worries also begin to emerge about the country's once booming housing...

SoftBank posts eight-fold jump in net profit

TOKYO, Nov 06 (AFP): Japan’s SoftBank Group said Monday it logged an eight-fold jump in net profit in the six months to September thanks to strong returns from its investment funds.Net profit rose to 840 billion yen ($7.4 billion) from 103 billion yen during the same period last year, the...