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

WB may provide $170m for customs modernisation

The World Bank (WB) has expressed interest to help the National Board of Revenue (NBR) modernise its customs procedure for promoting regional trade and investments, officials said on Tuesday.The WB has assured Bangladesh of providing assistance worth US$170 million for upgrading the cross-border and regional trade facilitation works, said an...

Second stage of ADB annual meeting begins Sept 17

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17-18, reports BSS.A series of webinars open to the media and the public featuring finance and health ministers, development and industry experts, and ADB Management will explore issues and...

Guardian Life launches young professional dev programme

The Guardian Life Insurance Limited (GLI) has initiated an online programme titled 'Accelerate 'Guardian of the Future' for the development of young professionals, says a statement.It is a rigorous eight-hour 'Finishing School Programme' for the future guardians of the country, focusing on the new normal. It aims to empower graduating...

Light engineering industrial parks to be set up in five districts

The government is planning to set up dedicated light engineering industrial park in five districts -- Dhaka, Narayanganj, Jashore, Bogura and Narsingdi -- to harness the immense potential of the domestic light engineering industry, reports BSS.At the same time, Light Engineering Training Institute will also be set up. The decision...

Agreement signing ceremony between Agrani Bank and MIDAS Financing

An agreement signing ceremony of Term Loan of Tk 1.0 billion between Agrani Bank Limited and MIDAS Financing Limited was held on virtual platform recently. Shams-Ul-Islam, MD & CEO of Agrani Bank Limited, Mustafizur Rahman, Managing Director of MIDAS Financing Limited, along with high officials of both the organisations attended...

CECL signed a contract agreement with Aviation Dhaka Consortium

The Concord Engineers & Constructions Ltd. (CECL) signed a contract agreement with the Aviation Dhaka Consortium (ADC) comprising Mitsubishi Corporation, Fujita Corporation and Samsung C&T Corporation for the construction of Terminal-3 (Package-1, centre) at the Hazrat Shahjalal International Airport. Shahriar Kamal, Managing Director of Concord Group, and other high officials...

UK PM's plan to pick business winners stalls brexit talks

EU trade negotiations have stalled in part because of UK Prime Minister Boris Johnson's vision for more state intervention to bolster Britain, report Wall Street Journal.For decades, Britain's Conservative Party politicians decried the European Union for its supposed aversion to free markets.Now trade negotiations that will define the future relationship...

Taxpayer, conservation groups pressure US to halt drilling auctions

PENNSYLVANIA, Sept 08 (Reuters): US taxpayer and conservation groups on Tuesday will urge the Trump administration to halt plans to sell oil and gas leases on more than 300,000 acres of public lands this month, saying prices are unlikely to be competitive due to the weakened state of the drilling...

S Africa’s landowners fear for their property

WALKERVILLE, Sept 08 (Arab News): On an abandoned private farm south of Johannesburg, the sound of hammers bashing nails into corrugated iron, brooms sweeping away the dust and a faint chatter of voices can be heard on a nearby road.It is the sound of dozens of shacks being hastily built...

Japan's dept stores face bankruptcy

TOKYO, Sept 08 (Arab News): After more than three centuries in business, the Onuma department store in northern Japanese city of Yamagata began bankruptcy proceedings this year - one of many distinguished department stores across the country in dire straits.Known for fancy food halls, luxury items, impeccable service and, in...

German minister sceptical about Russia sanctions

BERLIN, Sept 08 (Reuters): German Economy Minister Peter Altmaier has questioned whether imposing sanctions on countries like Russia are effective, as a debate rages over whether to suspend the Nord Stream 2 pipeline from Russia to Germany over the poisoning of a Kremlin critic.Speaking on an ARD talk show, Altmaier...