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

Export earnings in Sep up 55pc

The country's single-month earnings from merchandise goods hit a record 54.64 per cent growth to reach $3.14 billion in September 2018.The earnings also surpassed the target set for the month by 14.74 per cent, according to official data, released by the Export Promotion Bureau (EPB) on Monday.The country fetched $2.03...

BTRC busts six illegal VoIP centres, seizes 11,000 SIM cards last month

The telecoms regulator seized nearly 11,000 SIM cards from illegal VoIP (Voice over Internet Protocol) call centres across the country last month.VoIP equipment worth Tk 3.7 million were also seized and eight people arrested during drives in six places in September.Bangladesh Telecommunication Regulatory Commission (BTRC) revealed this at a press...

BERC goes slow on gas price hike move

The Bangladesh Energy Regulatory Commission (BERC) is now going slow on its move to increase gas prices in the country, reports UNB.The BERC was long waiting for a government decision on supplementary duty (SD) waiver on import of pricey liquefied natural gas (LNG) and has been planning to raise gas...

Lankan rupee falls to 170.60 per dollar

COLOMBO, Oct 08 (Reuters): The Sri Lankan rupee slumped to yet another all-time low on Monday, as a broadly stronger dollar and selling in government securities left the local currency vulnerable for further losses, market sources said.The currency hit 170.60 per dollar, the fourth straight session of record lows, going...

PBoC lends 47.47b yuan in September

BEIJING, Oct 08 (Reuters): The People's Bank of China (PBoC) extended 47.47 billion yuan ($6.88 billion) of loans to local financial institutions in September via its standing lending facility (SLF), it said on Monday.The total outstanding amount of SLF loans was 47.45 billion yuan at the end of September, the...

HK FX reserves $426.4b in Sept

HONG KONG, Oct 07 (Reuters): Hong Kong's official foreign currency reserve assets stood at $426.4 billion at end-September, the Hong Kong Monetary Authority said on Saturday, up 0.4 per cent from $424.8 billion at end-August.

2nd Managers' Conference- 2018 of Sylhet East and West Region of Pubali Bank

The 2nd Managers' Conference- 2018 of Sylhet East and West Region of Pubali Bank Limited was held recently. Md. Abdul Halim Chowdhury (3rd from left), Managing Director of Pubali Bank Ltd. graced the conference as Chief Guest. Mohammad Ali, Deputy Managing Director of the bank was present as Special Guest....

Mohammodi Khanam, Managing Director & CEO of Prime Insurance Company Ltd, handed over cheques

Mohammodi Khanam, Managing Director & CEO of Prime Insurance Company Ltd, handed over cheques of health insurance claims to Rizwan Dawood Shams, Deputy Managing Director and Sayeed Iqbal, Assistant General Manager, HR of IPDC Finance Ltd recently. In this year, Prime Insurance handed over Tk 1. 63 million as health...

Muhammad Awal Khan, MD of BASIC Bank

Muhammad Awal Khan, MD of BASIC Bank Ltd. and R.N. Paul, Managing Director of PRAN-RFL Group, inaugurating an ATM booth of BASIC Bank Limited at Lalmai of Cumilla on Sunday.

AIIB approves project worth $455m in India

BEIJING, Oct 08 (Xinhua): The Asian Infrastructure Investment Bank (AIIB) has recently approved a 455-million-US dollar loan project for Andhra Pradesh, India, making it the eighth project approved by AIIB in India.The new loan project aims to build and upgrade the road network of Andhra Pradesh. The road network is...

WB finances rural project in E China

BEIJING, Oct 08 (Xinhua): The World Bank has decided to lend 200 million US dollars to a transport project in east China to improve the maintenance and management of rural roads.The project will focus on road networks in 10 counties in Anhui Province and is expected to directly benefit 1,661...

S Korean financial firms to tighten loan rules

SEOUL, Oct 08 (Xinhua): South Korean financial companies planned to tighten loan-related rules for households in the fourth quarter of this year as the government unveiled measures to control speculative investment in the real estate market, central bank survey showed on Monday.The lending attitude index for local banks, which gauges...

ADB announces $7.1b financial package for Pakistan

ISLAMABAD, Oct 08 (Xinhua): The Asian Development Bank (ADB) announced on Sunday a massive investment package worth 7.1 billion US dollars for Pakistan.Vice President of ADB, Wencai Zhang said in a statement issued on Sunday, "ADB plans to significantly increase the country's sovereign operations to 7.1 billion US dollars over...