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

No proper assessment as ADP, climate projects overlapped

None of the projects under annual development programme (ADP) or climate change trust fund is undertaken through proper assessment and targeting to address climate change issues resulting in overlapping of the activities, said a study by the Transparency International Bangladesh (TIB).There is 54 per cent climate change related activity in...

S Korean on-site check for BD food exporters

South Korea has embarked on an on-site inspection of some Bangladeshi food companies to see any possible health hazard from the imported items.A two-member team of the Korean food and drug safety authority are already in Bangladesh for the purpose, according to the Export Promotion Bureau (EPB).Bombay Sweets, Square Food...

'Showcase Bangladesh' in Kuala Lumpur today

The "4th Showcase Bangladesh-Go Global" will be held at the Royale Chulan Hotel in Kuala Lumpur on Thursday, reports BSS.The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is organising the fourth edition of the exposition in the Malaysian capital for promoting Bangladeshi products in the Malaysian market.Bangladesh Commerce Minister Tipu...

Korean SME entrepreneurs urged to invest in BD

Industries Minister Nurul Majid Mahmud Humayun has called on South Korean entrepreneurs of small and medium enterprises (SME) to invest in the potential sectors of Bangladesh such as leather and ceramics. The minister made the call when South Korean Ambassador to Bangladesh Hu Kang-il met him at his ministry office...

Banks 'have role in employment generation, financial inclusion'

Banks and non-bank financial institutions are in the business not only to maximise their profits but they also have a role to play in employment generation, financial inclusion and minimising gender gap in business, said a central bank official on Tuesday. Speaking at a certificate distribution propgramme, Bangladesh Bank General...

Furniture export posts 18.5pc growth

The export earnings from the country's furniture industry witnessed an 18.53 per cent growth in the last fiscal year (FY19) totaling $74.89 million, reports BSS.This figure was also 7.0 per cent higher than the fiscal target of $70 million, according to the latest data of the Export Promotion Bureau (EPB)....

Banglalink signs agreement with Fardin Group

Banglalink, one of the leading digital communications service providers in Bangladesh, signed a corporate agreement with Fardin Group, a renowned plastic manufacturer, at Banglalink's HQs on Tuesday. Under the agreement, officials of Fardin Group will use Banglalink's SIMs, bundle offers, Internet packs and other digital services.Rubaiyat a Tanzeen, Enterprise Business...

BDBL Bangabandhu Parishad office-bearers

Eng Sirajul Islam and Md Nur Uddin Chowdhury have been made president and general secretary of Bangabandhu Parishad, BDBL chapter, respectively, says a statement. Dr SA Malek, General Secretary of Bangabandhu Parishad, approved the 71-member committee on Tuesday. Other office-bearers are Md Sahjahan and Regent Mahmud Sania - vice presidents,...

India needs major rainfalls to reverse economic slowdown

India needs this year's monsoon season to deliver heavier rainfall that will boost farm output and economic growth - but the country has been disappointed so far, reports CNBC.Asia's third-largest economy ended June - the first month of the monsoon season - with total rainfall 33 per cent below its...

ArcelorMittal South Africa to cut more than 2,000 jobs

JOHANNESBURG, July 10 (Reuters): The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2,000 jobs as it struggles with cheap imports, rising costs and a flagging local economy, it warned on Wednesday.Shares in the company, majority-owned by ArcelorMittal, dropped more than...

News Briefs- (11-07-2019)

BIWTC to build own oil tankers by June '21Bangladesh Inland Water Transport Corporation (BIWTC) will build two shallow draft oil tankers within the next two years. The capacity of each oil tanker, to be built by June, 2021, will be 0.4 million (four lakh) liters and the corporation will build...

Managing Director and CEO of Dhaka Bank Limited Syed Mahbubur Rahman

Managing Director and CEO of Dhaka Bank Limited Syed Mahbubur Rahman and Managing Director of Rancon Group Romo Rouf Chowdhury exchanging documents after the two organisations signed an agreement for providing online cash management services to Rancon Holdings Ltd. in the city recently

SBAC Bank Ltd Mostafa Jalal Uddin Ahmed

Managing Director (CC) of South Bangla Agriculture & Commerce (SBAC) Bank Ltd Mostafa Jalal Uddin Ahmed, deputy managing director Tariqul Islam Chowdhury and Principal of SBAC Bank Training Institute Md Nazrul Islam posing with others at a training programme on 'Credit Appraisal & Finance' at the bank's headquarters in the...

Japan curbs could drag on, hurt global economy, says Moon

SEOUL, July 10 (Reuters): Japan's export curbs on key materials used by South Korean tech companies could drag on despite diplomatic efforts to end the dispute, South Korea's president said on Wednesday, pledging to help firms to reduce their reliance on Japanese suppliers.Japan tightened restrictions last week on exports of...

Apple starts China app dev programme in services business push

SHANGHAI, July 10 (Reuters): Apple Inc has started a programme in Shanghai to help Chinese developers create apps as part of the iPhone maker's efforts to build out its services business in one of its most critical overseas markets.The programme, or accelerator, will hold lectures, workshops and networking sessions for...