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

Question about pricing remains as 4G services on the horizon

Mobile telecom operators in Bangladesh are all set to roll out 4G services after acquiring spectrum and tech neutrality, but the questions the mobile users are asking is what will the upgrade mean to them.In an auction by the regulator BTRC on Tuesday, Grameenphone and Banglalink bought new frequencies as...

Prudential guidelines for VC can catalyse investment, say experts

Speakers at a workshop stressed Thursday the need of prudential guidelines for venture capital to attract investment and expand its market. They said venture capital was the only way of getting fund for hundreds of new and innovative business ideas, which do not have the capacity to provide collateral against...

Peaceful politics may lift exports, imports: MCCI

The country's export earnings and import payments may advance in the foreseeable future, aided by the current peaceful political situation, an elite chamber has said.The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka projected that export receipts may reach US$ 3.56 billion at the end of February and $ 3.69...

State vessels Bangali, Madhumati in trouble as losses mount

State-owned vessels Bangali and Madhumati are counting deep losses despite classy looks and modern services, the Implementation Monitoring and Evaluation Division or IMED has said in a report.The IMED found a daily loss of Tk 100,000 and a combined annual loss of Tk 70 million from the vessels, reports bdnews24.com.Bangali...

CSR can contribute towards deeper financial inclusion

Former governor of Bangladesh Bank Professor Dr Atiur Rahman has stressed greater social responsibility of the corporates to contribute more to the society from which they make all the profits.He made the observation while speaking as a guest of honour at the inaugural session of the International Conference on "Changed...

Nestle disappoints in 2017, no plan to increase L'Oreal stake

VEVEY, Switzerland, Feb 15 (Reuters): Nestle expects organic sales to grow 2-4 per cent this year, the Swiss food giant said on Thursday after they rose a mere 2.4 per cent in 2017 and a goodwill impairment on its skin health business hit net profit.Last year's organic growth -- which...

Nissan says room left to build more cars at existing China plants

YOKOHAMA, Japan, Feb 15 (Reuters): Nissan Motor Co Ltd's Chinese joint venture factories in Zhengzhou and Xiangyang still have the capacity to build more vehicles, and the Japanese automaker will prioritise using those plants before building a new one, a senior executive said.Speaking to reporters at Nissan's headquarters in Yokohama...

News Briefs-(16-02-2018)

Brazilian envoy praises progress in garment sectorCHITTAGONG, Feb 15: Brazil's Ambassador in Bangladesh Joao Tabajara De Oliveira Junior today said the diplomatic relations between Bangladesh and Brazil are "very excellent." He said that the volume of import and export of goods between the two countries is good as both the...

India's WPI inflation eases to 2.84pc in Jan

NEW DELHI, Feb 15 (Reuters): India's annual wholesale price inflation (WPI) eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.Annual wholesale price inflation last month slowed to 2.84 per...

SL central bank chief expects 2018 GDP growth of 5.0-5.5pc

COLOMBO, Feb 15 (Reuters): Sri Lanka's economic growth should be between 5 per cent and 5.5 per cent in 2018, its central bank governor said on Thursday."Forward-looking indicators are showing signs of improvements. First quarter 2018 output indicators look positive," Indrajit Coomara-swamy told reporters after the central bank held key...

Europe’s 2017 sees best economic growth in a decade

BRUSSELS, Feb 15 (Xinhua): The European economy, in the strongest expansion in a decade, registered 2.5 per cent gross domestic product growth in 2017, the Eurostat agency said on Wednesday. That's the growth rate for both the 19-member eurozone and the 28-member European Union, whose last strongest expansion was in...

Indonesia keeps policy rate unchanged

JAKARTA, Feb 15 (Reuters): Indonesia's central bank kept its policy rate unchanged on Thursday as expected, as it looks to maintain stability in the struggling rupiah currency following an unexpected spike in global volatility.Bank Indonesia (BI) held its seven-day reverse repurchase rate at 4.25 per cent for the fifth policy...

Cyprus economy registers highest growth in 10 years

NICOSIA, Feb 15 (AFP): Bailed-out eurozone member Cyprus recorded its best growth in a decade last year, official data showed Wednesday, on the back of record tourist arrivals and a resurgence in construction. The Mediterranean island's GDP expanded by four percent in 2017, up from three per cent growth in...

Singapore's annual exports swell in Jan

SINGAPORE, Feb 15 (Reuters): Singapore's annual exports in January surged despite another decline in electronics shipments, thanks to a welcome jump in sales of petrochemical products.Non-oil domestic exports (NDOX) rose 13.0 per cent in January year-on-year, data from the trade agency International Enterprise Singapore showed on Thursday, accelerating from the...

Sudan inflation climbs to 52pc

KHARTOUM, Feb 15 (AFP): Sudan's annual inflation rate soared to 52 per cent in January, officials said Wednesday, on the back of food price rises that have triggered protests and a security crackdown on opposition groups. The January inflation rate more than doubled the 25-per cent figure recorded in December,...