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

Call to establish PPP infrastructure platform

The Dhaka Chamber of Commerce and Industry (DCCI) and the Public-Private Partnership (PPP) Authority Sunday laid emphasis on creating a PPP infrastructure platform for doing business smoothly. The call came when the board of directors of the DCCI called on chief executive officer of the state agency Syed Afsor H....

Govt considers partial lifting of embargo on raw jute exports

The government is considering allowing exports of 17,589.26 tonnes of uncut low-grade jute as the shipment procedures of which were completed before the ban.The state-run department of jute has sent a letter to the ministry of jute recently, saying the authorities can allow the shipment of this quantity of Bangla...

Guardian Life to insure Rancon Holdings employees

Guardian Life Insurance is set to cover the life and health of the employees of Rancon Holdings Limited.The two companies signed a Memorandum of Understanding (MoU) on Sunday in Dhaka for the purpose.The Guardian Life Insurance will insure a total of 1,500 employees of the Rancon including 1,000 family members...

Tofail leaves for S'pore

Commerce Minister Tofail Ahmed left Dhaka on Sunday for Singapore to attend a business seminar there, according to a handout issued by the ministry of commerce (MoC). The seminar styled "To Promote Trade and Commerce between Bangladesh and Singapore" will be held today (Monday). Issues relating to trade and business...

BGFCL books Tk 3.927b pre-tax profit in FY17

BRAHMANBARIA, Feb 11: The Bangladesh Gas Fields Company Limited (BGFCL) earned over Tk 3.927 billion (Tk 392.78 crore) pre-tax profit in the fiscal year 2016-2017.Nazimuddin Chowdhury, BGFCL Chairman and Secretary of the Energy and Mineral Resources Division disclosed this while presiding over the 62nd Annual General Meeting (AGM) of the...

Midland Bank opens agent banking centre at Shahjadpur

Midland Bank Limited (MDB) opened an Agent Banking Centre at Moshipur village under Garadaho union at Shahjadpur upozila in Sirajgonjon district recently, says a statement. MDB Managing Director Ahsan-uz Zaman formally inaugurated the booth of the Agent Banking Centre in a ceremony as the chief guest to take modern banking...

India will stick to fiscal deficit target

MUMBAI, Feb 11 (Reuters): India will stick to its budgeted fiscal deficit target for the coming financial year, Finance Minister Arun Jaitley said.However, Jaitley dismissed concerns that any sharp increase in global oil prices could make it difficult for the government to attain its deficit target for the next financial...

Japan govt mulls promoting BoJ exec director Amamiya to deputy governor

TOKYO, Feb 11 (Reuters): Japan's government is considering promoting Bank of Japan's Executive Director Masayoshi Amamiya to one of the bank's two deputy governors, Jiji news agency reported on Sunday, citing unidentified sources.The government has decided to nominate Haruhiko Kuroda for a rare second term as governor of the central...

China central bank will continue to skip open market operations

BEIJING, Feb 11 (Reuters): China's central bank said it will continue to skip open market operations for the 13th straight trading day today.The People's Bank of China (PBOC) said it will skip open market operations on Sunday to maintain stable liquidity in the banking system.It said Contingent Reserve Arrangement and...

China registers over 20m new companies in past five years

BEIJING, Feb 11 (Xinhua): Some 21.6 million companies were registered in the past five years in China, thanks to the government's push for entrepreneurship and innovation to bolster growth. Since China introduced mass entrepreneurship and innovation policies in 2014, more than 4,200 new hackspace companies have been created, serving over...

Australia's big banks focus on job cuts due to revenue crunch

SYDNEY, Feb 11 (Reuters): Australia's big banks are responding to a revenue crunch by cutting jobs and other costs, prompting fears on the eve of an inquiry into their businesses that the industry's tarnished reputation is about to take another hit.Regulators' demands that banks hold more capital and their scrutiny...

South Korea's exports fall in early Feb

SEOUL, Feb 11 (Xinhua): South Korea's exports fell in the first 10 days of February due to less business days, the customs office data showed Sunday. Exports, which account for about half of the economy, reached 14.8 billion U.S. dollars during the Feb. 1-10 period, according to the Korea Customs...