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

Two pvt jetties start operation

CHATTOGRAM, Sept 10: The Chittagong Port Authority (CPA) has handed over two newly constructed cargo-lightering jetties to two private industrial groups.Through a open tendering method, two major business houses-KSRM Group and Confidence Cement Ltd-have got a lightering jetty each for 10 years.The jetties have already unloaded iron steel and cement...

Eight entrepreneurs win MIDAS award

MIDAS recently honoured eight entrepreneurs who found success in different fields of business after taking financial and technical support from the company, said a statement.The awardees-six of whom were women-received MIDAS Entrepreneur-ship Award 2018, at an event that MIDAS organised to celebrate its 35th anniversary at its head office in...

Largest business delegation from Thailand due on Sep 16

A Thai business delegation is set to visit Bangladesh this month to discuss ways and means for expanding businesses between the two countries.The 15-member business delegation will stay here on a six-day visit from September 16.The Thai delegation would be visiting few industries, Dhaka Export Processing Zone (DEPZ) and Chittagong...

Cabinet clears policy to promote locally made bikes

The Cabinet on Monday approved the draft of the 'Motorcycle Industry Development Policy-2018,' aiming to expand the local motorcycle industry and reduce dependence on import, reports UNB.The approval was given at the weekly Cabinet meeting held at the Secretariat with Prime Minister Sheikh Hasina in the chair.Cabinet Secretary Mohammad Shafiul...

Pacific Avenue, Sonargaon hotel's latest addition

Pan Pacific Sonargaon, a leading luxury hotel in the capital, has brought a new experience of entertainment and drinking for sportspersons, sports lovers and sports socialites, as well as all other customers and guests.Their latest addition, 'Pacific Avenue' which also aims to cater to the taste of sports fans and...

As rupee reels India takes measures to stem fall

NEW DELHI, Sept 10 (Reuters): The Indian government is considering measures to stop further depreciation of the rupee including a special deposit scheme for non-resident Indians, local TV channels reported on Monday, citing finance ministry sources.Indian bonds and the rupee slumped on Monday as emerging market assets came under renewed...

Toyota to restart all assembly lines

TOKYO, Sept 10 (Reuters): Toyota Motor Corp said it would resume operations at all domestic assembly plants by Thursday as a transmission plant in Hokkaido was poised to restart production following last week's earthquake.A Toyota spokeswoman said partial production would resume on Tuesday at some plants including those near the...

Argentina faces key week for IMF loan negotiations

BUENOS AIRES, Sept 10 (AFP): Argentine President Mauricio Macri's government will continue discussions with the International Monetary Fund (IMF) this week as efforts to stave off an economic crisis multiply.It will be a crucial week for Macri and his government after a turbulent few months in which the currency has...

NAFTA deal must end Canada's milk protein scheme

WASHINGTON, Sept 10 (Reuters): Canada must end its low-price milk proteins policy to reach a US-Canadian deal to update the North American Free Trade Agreement, US Agriculture Secretary Sonny Perdue said.Canada has encouraged overproduction and flooded export markets for milk proteins used in cheese and yogurt, hurting US dairy farmers,...

Japan's economy grows faster

TOKYO, Sept 10 (AFP): Japan's economy grew faster than initially thought in the April-June quarter thanks to strong corporate investment, official figures showed Monday.The world's third-biggest economy grew 0.7 per cent quarter-on-quarter, up from the preliminary figure of 0.5 per cent, the cabinet office said.The latest figure - an annualised...

Modhumoti Bank Limited organised a day-long workshop on "SBS (Scheduled Bank Statistics) Reporting"

Modhumoti Bank Limited organised a day-long workshop on "SBS (Scheduled Bank Statistics) Reporting"held at Modhumoti Learning & Development Center - Explore on Sunday. Mr. Probir Kumar Sarker, Deputy General Manager, Statistics Department of Bangladesh Bank and Mr. Mosharaf Hossain, Joint Director,Statistics Department of Bangladesh Bank were the speakers in the...

Express Leather Products, Lotto signs agreement with Dhaka Bank

Mr. Emranul Huq, Additional Managing Director of Dhaka Bank Limited and Mr. Kazi Jamil Islam, Managing Director of Express Leather Products, Lotto exchanging documents while Mr. Md. Ziaur Rahman, SEVP & Head of Corporate Division of Dhaka Bank Limited and Mr. Kazi Jamil Islam, Managing Director of Express Leather Products,...