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

PC sends back Ishwardi ICD project proposal due to flaws

The Planning Commission (PC) has sent back a project proposal of Bangladesh Railway (BR) to set up an Inland Container Depot (ICD) at Ishwardi due to showing excessive cost of consultancy services, sources said.They said the project evaluation committee (PEC) in a meeting last month found that the development project...

Huawei seeks to set up innovation centre in BD

Chinese telecommunication company Huawei has expressed its interest to establish a world-class innovation centre in Bangladesh.The technology company also wants to increase its investment in various sectors of Bangladesh such as big data analysis, advance computing, cyber security analysis and fifth generation (5G) telecommunication network. A delegation comprising two top...

Launch entrepreneurship related courses in varsities

The Bangladesh Investment Development Authority (BIDA) has proposed introducing entrepreneurship related courses in the universities aiming to address the country's unemployment problem.BIDA Executive Chairman Kazi M Aminul Islam made the proposal to Chairman of University Grants Commission (UGC) Professor Dr Kazi Shahidullah during a meeting at the latter's office in...

Gold prices go further up

Local jewellers have revised the prices of gold upward again within a couple of days, effective from today (Thursday).As per the latest revision, the prices of three categories of gold -- 22, 21 and 18-carat - increased by Tk 100 per gram, according to a press release issued by the...

Govt approves loan proposal to implement Sreepur power plant

The government has approved a proposal for receiving loan from the German KFW IPEX-Bank for implementing the Sreepur 150-megawatt (MW) HFO Power Plant Project, reports BSS.With Finance Minister A H M Mustafa Kamal in the chair, the approval came from the 27th meeting of the Standing Committee on Non-concessional Loan...

Locally-raised cattle reign city makeshift markets

Locally-raised cattle are reigning in the capital's makeshift cattle markets as huge numbers of sacrificial animals have already gathered from various districts across the country, reports UNB.There are huge number of locally-reared cattle in Bangladesh to meet the massive local demand for sacrificial animals during Eid-ul-Azha, the second biggest religious...

BPGMEA gets new president, directors

Md Jashim Uddin has been elected president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for the session 2019-2020. Giasuddin Ahmed has been elected senior vice president while K M Iqbal Hossain and Quazi Anwarul Haque vice presidents of the association, said a statement.The BPGMEA election was held under...

News Briefs-(08-08-2019)

BTRC cancels 124 VSP licencesThe Bangladesh Telecommunication Regulatory Commission (BTRC) cancelled licences of 124 voice over internet protocol service providers (VSPs). Sources said 106 licences were cancelled for their failure to pay government dues on time and 18 for not complying with application requirements. To this end, a letter issued...

India central bank makes fourth rate cut this year as growth slows

MUMBAI, Aug 07 (AFP): India's central bank on Wednesday cut interest rates for the fourth time this year, as New Delhi battles sluggish economic growth and high unemployment.The Reserve Bank of India (RBI) said the benchmark repo rate - the level at which it lends to commercial banks - would...

PNG asks China to refinance $8.0b public debt

PORT MORESBY, Aug 07 (AFP): Papua New Guinea (PNG) has asked Beijing to refinance its $8 billion debt, in a request likely to rile Australia and the US as they try to maintain their influence in the Pacific in the face of a rising China.Beijing has been strengthening ties with...

SoftBank says Vision Fund 2 can start investing soon

TOKYO, Aug 07 (Reuters): SoftBank Group Corp's second Vision Fund could start investing as soon as next month, founder and Chief Executive Masayoshi Son said, as the technology conglomerate reported a leap in profits at its first $100 billion fund.SoftBank said last week it had secured $108 billion in pledges...

Managing Director & CEO of The Premier Bank

Managing Director & CEO of The Premier Bank Limited Md. Reazul Karim FCMA (3rd from left) and president of The Institute of Cost and Management Accountants of Bangladesh (ICMAB) M. Abul Kalam Mazumdar FCMA (3rd from right), among others, taking part in a Continuing Professional Development (CPD) programme on "Insight...

Parliamentary standing committee member

Parliamentary standing committee member and Meherpur-2 MP Mohammad Shahiduzzaman inaugurating the 1038th branch of Bangladesh Krishi Bank (BKB) at Bamundi Bazar under Gangni upazila in Meherpur on Tuesday with BKB Managing Director Md. Ali Hossain Prodhania present

Wakar Hasan distributing relief

Deputy Managing Director of One Bank Limited Wakar Hasan distributing relief to flood-hit people at Sirajganj Sadar upazila on Wednesday with officials of the bank and the upazila administration present

Dr Md Nurul Alam Talukder distributing certificate

Member of the board of directors of Sonali Bank Limited Dr Md Nurul Alam Talukder distributing certificate on the concluding day of a two-week training course on "Emerging Leadership Development: Pre-Managers/New Managers" organised by Sonali Bank Staff College at Uttara recently. Among others, Principal of Sonali Bank Staff College Selina...