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

Engage private sector to execute govt projects

Speakers at a seminar on Sunday called for involving the private sector especially in providing services related to implementation of the government projects. They also stressed the need for timely financing, capacity building of local experts and giving priority to local consulting firms for efficient implementation of the development projects....

ACU payment cuts forex reserve to $31b

Bangladesh has made a routine payment of US$1.13 billion to the Asian Clearing Union (ACU) against imports during the September-October period of this calendar year, officials said.After the payment, the foreign exchange (forex) reserve fell to $31.06 billion on Sunday from $32.17 billion on the previous working day, according to...

Increased banking activities help improve SME output: Study

Increased activities of bank branches coupled with easy access to credit facility could significantly help improve output of the small and medium enterprises (SMEs), a study has revealed.According to it, only one per cent growth of bank branches in a Thana area would increase firms' output as well as labour...

Ispahani Agro Limited (IAL) and Bangladesh Agricultural Research Institute (BARI) signed a Memorandum of Understanding

Ispahani Agro Limited (IAL) and Bangladesh Agricultural Research Institute (BARI) signed a Memorandum of Understanding on 'Collaboration to make BARI updated research, development and promotion of technology transfer through the Ispahani Agro Limited R&D and marketing channels' in Dhaka recently. The photo shows Director of IAL Fawzia Yasmin and Director...

BURO teams up with bKash

bKash Limited, a subsidiary of BRAC Bank, signed an agreement with BURO Bangladesh recently, allowing the microfinance institution to leverage bKash for loan disbursement and repayment service for its customers. The deal will help around 1.7 million households of BURO Bangladesh make their installment payments for savings scheme of the...

Economists dispute study findings

Experts and discussants have differed with the findings of a BIDS research paper on inequality and employment generation in the country. The research paper of Bangladesh Institute of Development Studies (BIDS) claimed that the growth has contributed to poverty reduction not as per expected rate as it was earlier, has...

Chief Justice Sayed Mahmud Hossain inaugurating a Fast Track booth of DBBL

Chief Justice Sayed Mahmud Hossain inaugurating a Fast Track booth of Dutch-Bangla Bank Limited (DBBL) on the Supreme Court premises in Dhaka on Thursday while Supreme Court BAR Association President Advocate Jainul Abedin and Secretary Barrister A.M. Mahbub Uddin Khokon, and DBBL Managing Director & CEO Abul Kashem Md. Shirin...

News Briefs-(12-11-2018)

Honda starts manufacturing in BangladeshBangladesh Honda Private Limited (BHL), the Japanese Honda Motor Company's joint venture in Bangladesh, has started motorcycle manufacturing in Bangladesh at its new factory in the Abdul Monem Economic Zone at Gazaria under Munshiganj district. Industries Minister Amir Hossain Amu on Sunday inaugurated the new plant...

'Meet the Exporter' programme

Managing Director and CEO of the Agrani Bank Limited Mohammad Shams-Ul Islam speaking at 'Meet the Exporter' programme organised by the bank at its board room in the city recently, which was attended by renowned businessmen and their representatives

Finance Minister Abul Maal Abdul Muhith giving away the fifth ICSB National Award (silver) for Corporate Governance Excellence

Finance Minister Abul Maal Abdul Muhith giving away the fifth ICSB National Award (silver) for Corporate Governance Excellence, 2017 in the engineering category to Engr Abu Noman Howlader (CIP), managing director, and Md Nazmul Hasan, company secretary of BBS Cables Ltd at a city hotel on Saturday. The Institute of...

British economy defies Brexit gloom with expanding growth

LONDON, Nov 11 (Xinhua): The British economy defied the headwinds of Brexit uncertainty to record improved GDP growth over the third quarter of this year, according to figures released on Friday.The British economy grew at 0.6 per cent over the third quarter (August-October), a 50-per cent jump in the rate...

Alibaba Singles’ Day sales hit $10b in first hour

SHANGHAI, Nov 11 (Reuters): Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 per cent from last year's early haul of 57 billion yuan. Singles' Day is the world's biggest online...

China-backed trade deal at centre stage of summit as US retreats

SINGAPORE, Nov 11 (AFP): World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.China, Japan, India and other Asia-Pacific countries could announce a broad agreement...

Vietnam targets lower budget deficit in 2019

HANOI, Nov 11 (Xinhua): Vietnam aims to lower its 2019 budget deficit to 3.6 percent of gross domestic product (GDP) from the 3.7-percent target set for this year.The budget plan was approved on Friday by the National Assembly of Vietnam, the country's top legislature, during its ongoing sixth session of...

Argentine recession seen bottoming out in first quarter: IMF

BUENOS AIRES, Nov 11 (Reuters): Argentina's shrinking economy will bottom out in the first three months of next year and start to recover in the second quarter, an International Monetary Fund official said on Saturday.The fund last month upped the size of its standby financing deal with Argentina to $56.3...