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

Biman to return two aircraft to shed losses

Biman Bangladesh Airlines will return the two faulty Egyptian aircraft in March and May next year, more than a year before termination of the lease agreement to help prevent further losses. Experts and industry insiders said Biman is going to incur additional losses as it will have to return the...

More Japanese companies seek to invest in Bangladesh

Japanese Ambassador to Bangladesh Hiroyasu Izumi has said the Japanese investors are keen to invest in Bangladesh considering the lucrative offer and ideal atmosphere for foreign investment, reports BSS."The Japanese investors expressed more interest to invest in Bangladesh at recently-held the third round of Public-Private Economic Dialogue between Bangladesh and...

Three-day IT fair begins in Ctg tomorrow

CHITTAGONG, Nov 9: A three-day Information Technology (IT) fair will begin at the World Trade Centre in the port city on Saturday.As many as 26 IT firms from home and abroad will participate in the fair jointly organised by the Chittagong Chamber of Commerce and Industry (CCCI) and the Society...

Provide bonded warehouse facilities to emerging export-oriented sectors

Experts at a programme on Thursday suggested that the government should provide bonded warehouse and back-to-back LC facilities to emerging export-oriented sectors as enjoyed by ready-made garment (RMG) to help diversify the country's export basket.According to them, potential sectors like pharmaceutical, leather goods and footwear, light engineering and plastic need...

Govt awards taxpayers in different categories

The government honoured 658 taxpayers across the country in recognition of their praiseworthy payment of income tax for the tax year 2016-17. Of the taxpayers, 141 received tax cards under 36 categories at a function Wednesday after the conclusion of a countrywide tax fair the outcome of which the revenue...

Anwar Cement Sheet, BAU sign research deal

Anwar Cement Sheet Limited recently signed a special agreement with Bangladesh Agricultural University (BAU), Mymensingh to do research on the usefulness of Anwar Cement Sheet Ltd. regarding poultry and dairy sector, says a statement.The Chief Marketing Officer of Anwar Group, AKM Zabed, and Associate Professor of Pathology Department of BAU,...

Veg, fish, onion get costlier

Prices of vegetables, fish and onion increased further at different kitchen markets in the city last week.Most of the vegetables witnessed a Tk 5-10 rise and sold between Tk 60 (pointed gourd) and Tk 140 (local bean) per kilogramme (kg) in different city markets.Snake gourd, long bean, okra and brinjal...

Clarification

The Bangladesh Chemical Industries Corporation (BCIC) has clarified its position regarding a report published in the FE in its November 1, 2017 issue titled "Syngenta wants to buy BCIC stake in its Bangladesh entity".The clarification, signed by the corporation's deputy manager Md Akhtaruzzaman, said the proposal for buying BCIC's 40...

TPP trade deal talks reach critical point at Asia-Pacific summit

DANANG, Vietnam, Nov 9 (Reuters): Talks on pushing ahead the Trans Pacific Partnership (TPP) trade deal without the United States (US) reached a critical point on Thursday as ministers from the 11 countries discussed a proposed agreement in principle.Talks on the TPP, ditched by US President Donald Trump in one...

Venezuela's PDVSA misses debt payments, used Russian bank to pay ONGC

NEW DELHI, Nov 9 (Reuters): Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday.ONGC...

Wal-Mart gears up to compete on Black Friday

CHICAGO, Nov 9 (Reuters): Wal-Mart Stores Inc said on Thursday its US stores will feature color-coded sections for different product categories on Black Friday, as it prepares to compete for shoppers on one of the busiest shopping days of the year.Toys, electronics, apparel and other departments will be color-coded in...

Subaru plans to expand Japan recall count

TOKYO, Nov 9 (Reuters): Automaker Subaru Corp said it plans to recall about 400,000 vehicles in Japan this month after finding it had been following improper procedures for final inspections at domestic plants, expanding the count from a previously estimated 255,000.The maker of the Legacy sedan and the Outback SUV...