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

BASIS seeks Tk 5.0b allocation in next budget for TA projects

ICT businesses on Sunday urged the government to allocate Tk 5.0 billion for Technical Assistance (TA) projects and Tk 2.0 billion as ICT development fund in the national budget for the fiscal year 2019-20.A delegation of Bangladesh Association of Software and Information Services (BASIS) and other business leaders placed the...

Fazle Fahim takes charge as FBCCI president

Newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim has sought cooperation from all to run the country's apex trade body successfully."We will move the FBCCI forward with cooperation from all," Mr Fahim said after he took charge from outgoing president M...

Data mismatch makes policy making difficult

A mismatch between data provided by the ministries of planning and agriculture has been creating difficulties in policy making, speakers at a programme on Sunday said.In the production data of major crops, there exist a huge difference between the Bangladesh Bureau of Statistics (BBS) and different departments under the agriculture...

Bangabandhu Satellite's commercial operation begins

The commercial operation of Bangladesh's first communication satellite Bangabandhu-I (BS-I) began today providing feed to local television (TV) channels, reports BSS.To this end, six TV channels struck deals with the Bangladesh Communication Satellite Company Limited (BCSCL), the assigned entity for handling BS-I, at the ceremony of launching anniversary celebration in...

JS body against condensate import

The Parliamentary Standing Committee on Power, Energy and Mineral Resources Ministry today recommended that condensate should not be imported, reports BSS.The committee strongly recommended taking measures for not giving permission to import condensate at any cost, according to a release.This was recommended at the 3rd meeting held in the Jatiya...

China's top diplomat calls for US restraint on trade, Iran

SHANGHAI, May 19 (Reuters): China's senior diplomat Wang Yi told US Secretary of State Mike Pompeo on Saturday that recent US words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China's foreign ministry said.Speaking to Pompeo by telephone, Wang said the...

Canada aims to ratify trade deal after lifting of tariffs

OTTAWA, May 19 (AFP): Ottawa plans to proceed "full steam ahead" on ratification of a free trade agreement with the US and Mexico, Canada's foreign affairs minister said Saturday, after the neighbors scrapped reciprocal tariffs on steel and aluminum imports.Canada had been "very clear" that as long as the tariffs...

Huawei won’t bow to US pressure: Founder

BEIJING, May 19 (AFP): Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media.President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales...

Leveraging ICT organises seminar in city

A seminar on 'Bangladesh National Digital Architecture' was held at CIRDAP International Conference Centre in the city on Sunday for secretaries of different ministries.Leveraging ICT (LICT) organised the event for growth, employment and governance project under the ICT Division, said a press release.Cabinet Secretary Md. Shafiul Alam was present as...

France, UK, Germany welcome 5G equipment of Huawei

PARIS, May 19 (Reuters): A number of European countries have chosen not to follow the United States' lead in banning Chinese telecom giant Huawei equipment from their markets.France will allow Huawei, based in Guangzhou, Guangdong province, China, to build its 5G network infrastructure, while preserving national security, French President Emmanuel...

Swiss voters approve tax, pension overhaul

ZURICH, May 19 (Reuters): Swiss voters easily approved on Sunday a shake-up of the country's corporate tax system, heading off what its finance minister had called an existential threat to Switzerland's role as a business hub, projections for Swiss broadcaster SRF showed.The projections from the gfs.bern polling outfit saw the...

US consumer sentiment robust

WASHINGTON, May 19 (Reuters): US consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy's outlook, but much of the surge was recorded before an escalation in the trade war between the United States and China, which could hurt activity.The University of Michigan said...

‘Too early to assess Lanka economic damage’

COLOMBO, May 19 (Reuters): The International Monetary Fund said it was holding its forecast for Sri Lanka's 2019 economic growth at 3.5 per cent in spite of devastating Easter bombings, saying it was too early to assess financial damage.The April 21 bombings, which killed more than 250 people in churches...

MOU between BNO and Daraz.com

Director of lubricant brand BNO Salauddin Yousuf and Executive- Branding of online market place Daraz.com Shihab Shawon exchanging documents after signing a memorandum of understanding (MOU) at a ceremony in the city recently

KESC Bangladesh and SUEZ Water Technologies & Solutions signs agreement

Kingsley Engineering Service Corporation (KESC) Bangladesh CEO Md Asiqur Rahman and SUEZ Water Technologies & Solutions Director MA Mohit exchanging documents after signing an agreement on behalf of their respective organisations in the city recently in presence of other high officials