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

Payra port signs deal with Belgian company on capital dredging today

A Belgian company will provide Tk 86.43 billion for capital dredging of the Payra Port's main channel to ensure smooth operational activities of the port, officials said.An agreement to this effect will be signed between the Payra Port Authority (PPA), which is under the ministry of shipping, and the Payra...

Heavy tax burden impeding growth of telecom industry

The government should look to rationalise the current 'high' corporate tax on the mobile operators in order to foster digitisation in Bangladesh, said a top official of a leading mobile phone operator. "Currently, we are running our operations in a highly competitive market carrying a heavy tax burden," said Ritesh...

ADB to provide $ 200m

The Asian Development Bank (ADB) will provide US$ 200 million in loans to help improve the rural road network in Bangladesh.An agreement was signed between the government and the Manila-based lender in this connection on Sunday, according to a statement.Secretary to the state-run Economic Relations Division (ERD) Monowar Ahmed and...

Concord offers low price entertainment

Concord Entertainment Co. Ltd. has announced entertainment at low price for pleasure-seekers who want a day out at Fantasy Kingdom and Foy's Lake.Fantasy Kingdom in the outskirts of capital Dhaka and Foy's Lake in the port city of Chattogram are two renowned places in the country for picnic and other...

ABCCI holds AGM

The annual general meeting (AGM) 2018 of Australia Bangladesh Chamber of Commerce and Industry (ABCCI) was held at a city hotel on Saturday.The meeting was presided over by ABCCI President Obaidur Rahman while other ABCCI board and general members were present, said a statement.ABCCI Secretary General Shakil Ahmed Khan presented...

Ministry asks BAB to help increase export items

Secretary In-Charge of the Industries Ministry M Abdul Halim on Sunday asked the officials of Bangladesh Accreditation Board (BAB) to play an active role in increasing the country's export basket for developing its economy, reports BSS."BAB is providing all kinds of support to develop the country's infrastructure for improving domestic...

Beijing’s 2018 FDI up 3.0pc

BEIJING, Jan 13 (Reuters): Foreign direct investment (FDI) in China rose three per cent in 2018 to $135 billion, state-run CCTV reported.China, second-largest economy of the world, also will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country.

China to tackle US trade dispute in 2019

BEIJING, Jan 13 (AFP): China will work to straighten out trade frictions with the US this year, the country's commerce minister told state media, following talks with US negotiators this week.A large US delegation ended a three-day visit to Beijing on Wednesday in the first face to face trade talks...

DP World signs acquisition deal for Chile port operator

DUBAI, Jan 13 (Reuters): Major port operator DP World said on Sunday it had agreed to acquire a 71.3 per cent stake in Chile's Puertosy Logistica (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group.Pulogsa operates a long-term concession for Puerto Central in San Antonio and owns...

Aramco's bond to be in 10b range

ABU DHABI, Jan 13 (Reuters): Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia's energy minister said on Sunday.Khalid al-Falih, speaking at a conference in Abu Dhabi, did not specify the currency of the planned debt issuance but last week he said at...

A 9-member delegation of ICAB

A 9-member delegation of the Institute of Chartered Accountants of Bangladesh (ICAB), led by its President AF Nesaruddin FCA, greeting newly appointed Commerce Minister Tipu Munshi with a bouquet at Bangladesh Secretariat on Sunday. The delegation briefly exchanged views on trade, commerce and CA profession in the country

339th board meeting of MIDAS

Outgoing Chairman of Micro Industries Development Assistance and Services (MIDAS) Parveen Mahmud FCA welcoming the new Chairman Anjan Chowdhury at the 339th board meeting of MIDAS in the city recently. Mr Anjan Chowdhury also welcoming the new board members Ali Imam Majumder and Dr SM Akbar while other board members...

Union Bank distributing blankets among helpless cold-affected people

As a part of Corporate Social Responsibility (CSR), Managing Director of Union Bank Limited Omar Farooque and senior executives distributing blankets among the helpless, cold-affected people at different places in the city at midnight recently

BREB Chairman Major General (Retd) Moin Uddin distributing prize to a raffle draw winner

Bangladesh Rural Electrification Board (BREB) Chairman Major General (Retd) Moin Uddin distributing prize to a raffle draw winner of an annual picnic programme organised by Sports, Cultural and Welfare Council of BREB at Sonargaon Royal Resort in Narayanganj on Saturday