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

BD looks to join $25b TAPI gas pipeline

Bangladesh is still seeking to join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project - that is currently under implementation - to open up a new window for sourcing natural gas.A proposal from Bangladesh for joining the TAPI, also known as Trans-Afghanistan pipeline project, has been kept pending with the authorities concerned...

TIB calls for defining terms of country-specific SEZs

Transparency International Bangladesh (TIB) has called for defining the terms and conditions before setting up country-specific economic zones, and publishing them for the sake of national interest.The transparency watchdog, however, acknowledged the importance of developing Special Economic Zones (SEZs) in different parts of Bangladesh by countries like India, China and...

HC rules on ensuring security for railways in eastern zone

The High Court (HC) on Monday directed the director general of Bangladesh Railway to submit a report on October 24 regarding steps taken by the respondents in order to secure Boromchal Bridge under Kulaura upazila of Moulvibazar district after an accident took place on June 23 this year.A High Court...

NBR issues work order for e-fiscal devices

National Board of Revenue (NBR) has issued a work order to collect 10,000 Electronic Fiscal Device (EFD) to check value added tax (VAT) evasion at the retail and wholesale levels.The revenue authority placed its first order on Sunday as part of the plan to collect a total of one lakh...

India considers giving BD access to its two key west coast ports

The Indian government is considering providing Bangladesh with access to its two key sea ports on the country's west coast, according to a report published recently in ship-technology.com.The two ports are - Port of Jawaharlal Nehru (JNPT) in the east of Mumbai in India's Maharashtra state and Mundra Port on...

Tehran wants to strengthen trade ties with Dhaka

Iran is willing to strengthen the exhisting trade and cultural relation with Bangladesh in near future.Iranian President Dr Hassan Rouhani expressed the hope that Tehran's ties with Dhaka in the area of trade and culture will be strengthened further as both the countries enjoy friendly relations, reports BSS."Iran and Bangladesh...

Create history in industrial sector

Industries Minister Nurul Majid Mahmud Humayun on Monday pledged to map out programmes in a way that would bear testimony of envious successes in the country's industrial sector, asking the officials and employees of the ministry to supplement the efforts to make a dazzling history."Bangabandhu understood the heartbeat of Bengalis....

Ashiqur urges women to unitedly work to accelerate country's dev

Chairman of the Parliamentary Standing Committee on Ministry of Public Administration H N Ashiqur Rahman has urged all, including women, to unitedly work to accelerate the country's development to build a developed Sonar Bangla for paying due respect to Bangabandhu, reports BSS."Under the able leadership of Bangabandhu's daughter and Prime...

Trade resumes at Banglabandha Land Port

Trade activities in Banglabandha Land Port in the northern-most district of Panchagarh have resumed after a ten-day suspencion for Holy Eid-ul-Azha, the second largest religious festival of Muslims, reports BSS.The land port went on vacation for ten days on August 9 on the occasion of Eid-Ul-Azha, officials and traders said.Since...

January cotton delivery contract gains

Cotton futures closed higher on Monday on the Zhengzhou Commodity Exchange (ZCE), reports Xinhua.The most active cotton contract for next January delivery gained 30 yuan ($4.26) to close at 12,860 yuan per tonne.

US economists expect recession in 2020 or 2021

WASHINGTON, Aug 19 (AFP): A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday.The National Association for Business Economists found far fewer experts now think the next recession will start this...

Tokyo’s trade surplus with Washington soars ahead of talks

TOKYO, Aug 19 (AFP): Japan's politically sensitive trade surplus with the United States grew more than 15 per cent in July, data showed Monday, as negotiators from the two economic powerhouses prepare to restart talks over a free trade deal.According to Japanese finance ministry statistics, the trade surplus with Washington...

Russian inflation can meet 4.3pc target set in budget

MOSCOW, Aug 19 (TASS): Inflation in Russia can reach the target value of 4.3 per cent set in the budget as at 2019 year-end if current dynamics is kept, the Accounts Chamber says on Monday in its report on the federal budget performance in January - June 2019."Inflation dynamics generally...

Indian Rupee rises against US dollar

MUMBAI, Aug 19 (PTI): The rupee appreciated by 9 paise to 71.05 against the US dollar in early trade on Monday, tracking gains in domestic equities and indication of a revival in trade talks between the US and China.Forex traders said positive opening in domestic equity market and Donald Trump's...

Textile and Jute Minister Golam Dastagir Gazi,

Textile and Jute Minister Golam Dastagir Gazi, Jamuna Bank Foundation Chairman Nur Mohammed, Additional Managing Director of Jamuna Bank Mirza Elias Uddin Ahmed and high officials of the bank offering munajat at the bank's head office in the capital recently, marking the 44th death anniversary of the Father of Nation...