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

Nine sugar mills asked to start sugarcane crushing this year

The government has asked nine state-owned sugar mills to start crushing of sugarcane for producing sugar during the current season. The ministry of industries (MoI) has already asked the authority of Bangladesh Sugar and Food Industries Corporation (BSFIC) to give green signal to nine out of 15 state-run sugar mills...

Freight train service resumes on Dec 17

Bangladesh and India are set to reopen train services, both freight and passenger, on Chilahati-Haldibari route, after 55 years of suspension.Prime Ministers of Bangladesh and India will inaugurate the freight service through a video conference on December 17, marking the Victory Day. The service will create scopes of fresh trade...

Focus on digitisation of financial services

The lack of digitisation in the social security system of Bangladesh has become apparent after the outbreak of the Covid-19 epidemic. However, the government of Bangladesh has shown good efforts in promptly containing the economic direness caused by the crisis by introducing various stimulus packages through efficient use of the...

Standard Chartered wins Mastercard Excellence awards

Standard Chartered Bank has been recognised for 'Excellence in Mastercard Credit Business (Domestic) 2019-20' and 'Excellence in Mastercard Credit Business (International) 2019-20' at the Mastercard Excellence Award 2020 event held recently, says a statement.Salman Fazlur Rahman, Private Sector Industry and Investment Advisor to the Prime Minister, was present as the...

Toll now can be paid through bKash

From now on, customers can pre-purchase toll trips of Mayor Mohammad Hanif Flyover through bKash payment and pass the flyover without stopping anywhere, reports UNB.While passing the flyover, registered commuters should follow the "t" sign marked lane which lets them pass without halting. They no longer need to stay in...

Jute goods manufacturing project launched

A project was launched with a view to contributing to environmental protection initiatives through manufacturing jute bags and diversified jute products, says a press release.The project -- Capacity Development for Employment through Eco-Friendly Jute Products -- was inaugurated on Saturday. It will be implemented by SPACE NGO, funded by Switzerland-based...

Md Jasim Uddin Akond

Md Jasim Uddin Akond, President of ICMA Bangladesh, Md. Anisuzzaman, Chairman, Chattogram Branch Council of ICMAB, and other guests at the 'Class Orientation programme' for July-December 2020 session, organised by the Chattogram Branch Council of ICMAB at the CMA Bhaban in Chattogram recently. Md. Ali Haider Chowdhury, Treasurer, ICMAB, and...

China calls for new talks with US after Biden win

BEIJING, Dec 07 (AFP): China's top diplomat on Monday called for the resumption of talks with the incoming US administration of president-elect Joe Biden, as relations between the world's two largest economies continued to nosedive.Beijing and Washington have locked horns over issues from trade and China's human rights record to...

Some stimulus packages maintained amid uncertainty

RIYADH, Dec 07 (Arab News): Dr Ahmed Alkholifey, Governor of the Saudi Central Bank (SAMA) lauded the stability of the Kingdom's financial sector in face of the repercussions of Covid-19 pandemic.Speaking during the Financial Stability Forum held on Dec 06, Alkholifey, said: "We are keen to monitor the asset quality...

Beijing exports surge by forecast-beating 21.1pc

BEIJING, Dec 07 (AFP): China's exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus.The reading is the latest spot of good...

Huawei CFO back in Canada court

VANCOUVER, Dec 07 (Reuters): Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court on Monday as witness testimony in her US extradition case resumes, amid news last week that her lawyers and US prosecutors held talks to reach a deal that could see her release and to...

World’s largest cinema operator continues expansion drive in KSA

RIYADH, Dec 07 (Arab News): AMC Entertainment Holdings, the world's largest movie exhibition company, has opened a sixth movie theater in Saudi Arabia as part of its ambitious plans to expand to 50 locations by 2024.The Kingdom allowed the reopening of cinemas for the first time in more than three...

Uber marks four years in BD

Uber on Monday marked four years of operations in Bangladesh, during which it has served more than 4.0 million riders and created livelihood opportunities for over 175,000 driver partners, reports UNB.As Bangladesh aims to transition from an LDC (Least Developed Country) and receive official Developing Country status by 2024, Uber...

Dubai economy expects 35pc growth in foreign investments

DUBAI, Dec 07 (Arab News): Dubai's economy is expecting a 35 per cent growth in foreign investment due to recent reforms in the UAE's Commercial Companies Law, according to the Director-General of Dubai Economy, Sami Al-Qamzi.The recent amendments will have a far-reaching impact on the flow and quality of foreign...

Bank of England rebuked over 'missing' $67b of cash

LONDON, Dec 07 (The New York Times): While the economic turmoil wrought by the coronavirus pandemic has left some people in Britain counting every penny, the country's central bank is apparently having trouble keeping track of billions of pounds.A parliamentary report released Friday said that 50 billion pounds (about $67...