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

Govt calls 'emergency' meeting as prices of essentials shoot up

The government has convened an emergency meeting with the stakeholders this month after the prices of some essential commodities shot up, officials said.The ministry of commerce (MoC) is going to sit with the stakeholders on January 23 aimed at devising plan for strengthening market monitoring drive through increasing logistic support...

New panel pushes for BGMEA polls

Leaders of the existing Bangladesh Garment Manufacturers and Exporters Association (BGMEA) are inactive and not friendly to readymade garment manufacturers in the country, a group of apparel makers alleged Thursday. The allegation came during an introduction programme of a new panel for the BGMEA election 2017-18, they said. There must...

Chevron to sink $400m into two compressor stations

US-based Chevron Bangladesh will build two compressor stations at Bibiyana and Jalalabad gas fields respectively to ramp up natural gas output from the country's northeastern region.The company is now in talks with top officials of the state-run Petrobangla and the Energy and Mineral Resources Division (EMRD) under the Ministry of...

Rice prices rise further despite Aman harvest, imports

The ongoing Aman harvesting season and an all-time high import hardly could benefit consumers as rice became pricier again last week, augmenting sufferings of the commoners further.Seasonal coarse rice Swarna and BR-11 were sold at Tk 52-Tk 55 a kg at retail markets in the capital while hybrid varieties at...

Int'l engineering confce begins in Ctg today

CHITTAGONG, Jan 11: The two-day international civil engineering conference will begin in the port city tomorrow (Friday).Southern University Bangladesh (SUB) will organise the civil engineering conference in association with Chittagong centre of the Institution of Engineers Bangladesh (IEB).Engineers and experts from home and abroad will present research papers in the...

Bangladesh achieves significant economic success : Speakers

By virtue of realistic and vibrant steps taken by the government, Bangladesh has attained remarkable success in economic and social sectors in the last nine years, said speakers at a post-rally discussion in Rajshahi city on Thursday, reports BSS.They said the successes are visible in all the major and vital...

Canada keen to invest in aviation sector

The Canadian government has expressed its keen interest to invest in the aviation sector of Bangladesh and extend cooperation to certification of aircraft, aviation safety and security, reports BSS.The interest was shown when Canadian High Commissioner to Bangladesh Benoit Pre Fontaine made a courtesy call-on Civil Aviation and Tourism Minister...

News Briefs(11-01-2018)

Regal offers discount on furniture at DITFFurniture brand Regal has come up with new designs at the Dhaka International Trade Fair (DITF). The furniture brand is showcasing 197 furniture items with aesthetic designs. Moreover, customers will get huge discount on purchasing products from the pavilion. Visitors will be able to...

May to meet financiers as UK’s 'lost decade' looms due to Brexit

LONDON, Jan 11 (Reuters): Prime Minister (PM) Theresa May meets financiers from firms including Goldman Sachs on Thursday to discuss the impact of Brexit on Europe's financial capital, as London's mayor said Britain could face a "lost decade" of low growth and investment.As May plots Britain's course for Brexit, London's...

ROK plan to ban cryptocurrency trading rattles market

SEOUL, Jan 11 (Reuters): South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.The clampdown in South Korea, a crucial source of...

India's fixed income body sets higher levels for Dec-end bond yields

MUMBAI, Jan 11 (Reuters): India's fixed income trade body set yields for government bonds at levels higher than the actual closing levels for the quarter from October to December, a top official of the market association told Reuters on Thursday. FIMMDA sets the final closing levels for all the country's...

Dollar regains some of recent losses

LONDON, Jan 11 (Reuters): The dollar recouped some of its recent losses on Thursday after China's regulator dismissed a report that the country could halt its buying of US treasuries, boosting the greenback following its biggest one-day fall in a month.The dollar has been struggling to gain traction in the...

Toyota, Mazda announce $1.6b plant

MONTGOMERY, Jan 11 (Reuters): Toyota Motor Corp and Mazda Motor Corp said on Wednesday they will build a $1.6 billion joint assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump, who wants automakers to expand US production.Toyota President Akio Toyoda and Mazda...

RFL Plastics Limited organised dealers' conference

RFL Plastics Limited organised dealers' conference at RFL Industrial Park at Kaliganj in Gazipur on Wednesday. R N Paul, Managing Director of RFL, and Moniruzzaman Mondol, Executive Director of RFL Plastics, were present at the function, among others.

Bashundhara LP Gas Ltd. has started its 4th round nationwide awareness campaign

Bashundhara LP Gas Ltd. has started its 4th round nationwide awareness campaign "safety campaign". A total of 100 housewives took part in the programme Thursday at Hotel Valley Garden Hall Room in Sylhet where film actress Sadika Parvin Popy was present.