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

Move underway to introduce export certification system

A move is underway to introduce a certification system in the name of 'health certificate' for export of some food consignments especially halal food items to meet the demand of importers of such Bangladeshi products, sources said. The commerce ministry is now working to devise necessary strategies in this regard....

Korea keen to build another bridge over Meghna

Korea has shown interest in constructing another bridge over the River Meghna connecting Bhulta-Araihazar of Dhaka with Banchharampur of Chattogram under the modality of government-to-government public-private partnership.A proposal put forward by Daewoo Engineering and Construction Company Limited is set to be placed before the cabinet committee on economic affairs today...

Coronovirus, lack of irrigation hit tea production in Ctg

CHATTOGRAM, Aug 18: The production of tea in Chattogram zone in the last seven months has declined, compared to the same period last year, largely due to the coronavirus outbreak and lack of irrigation in the dry season. According to sources, the 21 tea gardens in Chattogram produced 4,460,727 kg...

IFIL holds board meeting

The 267th meeting of the Board of Directors of Islamic Finance and Investment Limited (IFIL) was held at its Head Office at Tejgaon on Tuesday, says a statement. Rezakul Haider, Chairman of the Board of Directors of IFIL, presided over the meeting where a number of investment proposals were approved.Among...

Jamuna Oil observes Nat'l Mourning Day

CHATTOGRAM, August 18: The National Mourning Day was observed by the Jamuna Oil Company Limited at Jamuna Bhaban, Agrabad in Chattogram. The day's programme began with Managing Director Md. Gias Uddin Ansary placing a floral wreath at 'Mujib Corner' on the Jamua Bhaban premises on behalf of the company. Later,...

BMPCA places 5-point proposal for better internet service

Urging the government to improve telecommunication infrastructures, Bangladesh Mobile Phone Consumers' Association (BMPCA) on Tuesday placed a five-point recommendation to ensure uninterrupted high speed internet service at low cost, reports UNB.BPMCA President Mahiuddin Ahmed at a press conference at Dhaka Reporters' Unity (DRU) said high speed internet facility is a...

Janata Bank held a virtual discussion

Janata Bank Limited held a virtual discussion and doa mahfil marking the National Mourning Day on Saturday. Its chairman Dr SM Mahfuzur Rahman, Managing Director & CEO Md Abdus Salam Azad and all branch managers from across the country took part in the event online

Led by Senior Secretary of Energy

Led by Senior Secretary of Energy and Mineral Resources Division Md. Anisur Rahman in presence of Petrobangla Chairman A B M Abdul Fattaha and along with a delegation of Petrobangla, GTCL officials placed a wreath at the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman on Saturday marking...

BADC held a discussion and doa mahfil

Bangladesh Agricultural Development Corporation (BADC) held a discussion and doa mahfil marking the National Mourning Day at the Krishi Bhaban in the city on Saturday, with its Chairman Md Sayedul Islam in the chair. Agriculture Minister Dr Abdur Razzak and Secretary Md Nasiruzzaman spoke at the event via online platform...

Indian govt keen to speed up stake sale in four banks

NEW DELHI/MUMBAI, Aug 18 (Reuters): Indian Prime Minister Narendra Modi's office has asked officials to speed up the process of trimming government stakes in at least four primarily state-owned banks within the current fiscal year, according to two officials familiar with the discussions.The sources said the four lenders are Punjab...

Argentina officially presents debt restructure offer to SEC

BUENOS AIRES, Aug 18 (AFP): Recession-hit Argentina on Monday officially presented its offer to the US Securities and Exchange Commission (SEC) to restructure a $66 billion debt under foreign legislation, the government said.It follows the passing of a law on Sunday officially approving the deal reached two weeks ago with...

Trump dangles cash for US firms moving from China

LONDON, Aug 18 (BBC): US President Donald Trump wants to offer tax credits to entice US firms to move factories out of China.He has also threatened to strip government contracts from firms that continue to outsource work to China.In a speech on Monday, Mr Trump vowed to create 10 million...

New US curbs to slam Huawei, hurt suppliers in short term

SHANGHAI/SEOUL, Aug 18 (Reuters): Ramped-up US restrictions on Huawei are likely to choke the Chinese company's access to even off-the-shelf chips, threaten its crown as the world's largest smartphone maker and disrupt global tech supply, executives and experts warned.The Trump administration on Monday expanded its curbs on Huawei and banned...

Citibank sues for $176m payment made in error

US banking giant Citigroup has asked a federal court to force hedge fund Brigade Capital to return $176m (£134m), reports BBC.The money is part of the $900m the bank accidentally transferred to creditors of the struggling cosmetics company Revlon.The bank says it meant to send Brigade just $1.5m to cover...

15,000 youths of Narsingdi become self-reliant in BSCIC training

NARSINGDI, Aug 18 (BSS): Around 15,000 youths (both male and female) in the district became self-reliant after receiving training and loan from Skill Development Centre of Bangladesh Small and Cottage Industries Corporation (BSCIC) in the last 40 years.Assistant General Manager (AGM) of BSCIC Mohammad Shazzad Hossain told the news agency...