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

Big cos ripping off poultry farmers, consumers with profiteering

The Bangladesh Poultry Association (BPA) on Monday alleged that a few big companies are dominating the poultry market, siphoning off an additional Tk 59.20 billion in profits through syndicates operating in the feed and chicken sectors.This situation has severely impacted marginal farmers, forcing many to shut down their farms. Also,...

NRBC Bank launches ‘Home Loan’ product for expats

NRBC Bank will disburse loan facility to expatriates for construction of houses and apartments in Bangladesh. For this purpose, special 'Home Loan' product has been launched. Under this product, expatriates can take loan facilities and pay loan instalments from abroad. These loan instalments can be paid in foreign currency. NRBC...

StanChart cardholders to enjoy Qatar Airways Ticket Discount

Standard Chartered Bangladesh has recently signed a Memorandum of Understanding with Qatar Airways. As a part of the agreement, Qatar Airways will offer up to 12% discounts on base fare for Qatar Airways Privilege Club members and 8% discount for non-members of air-tickets to all Standard Chartered cardholders. The agreement...

BRTA service resumes

The Bangladesh Road Transport Authority (BRTA) resumed all services on Monday as its server has become operational once again, reports bdnews24.com.The BRTA issued an urgent notification stating: "Now that the server and IS installed in the BRTA building are operational, services related to motor vehicle registration, transfer of ownership, fitness,...

BRAC Bank organises AML training in Ctg

BRAC Bank organised, a daylong workshop on the 'Prevention of Money Laundering and Combating Financing of Terrorism' for its officials in Chattogram recently. Arief Hossain Khan, Executive Director of Bangladesh Bank, attended the training as the chief guest. Md Arifuzzaman, Director of Bangladesh Bank, delivered the keynote address, while Md...

12pc of India's spice samples fail quality standards

HYDERABAD, Aug 19 (Reuters): Nearly 12 per cent of tested spice samples failed to meet quality and safety standards, according to data obtained by Reuters of tests by Indian authorities after several countries took steps over contamination risks in two popular brands.The Food Safety and Standards Authority of India conducted...

Russian wheat export prices decline

MOSCOW, Aug 19 (Reuters): Russian wheat export prices declined last week amid lower global prices and weak demand, as analysts expect new crop supplies to increase and exert further downward pressure.The price of 12.5 per cent protein Russian new crop wheat scheduled free-on-board (FOB) with delivery in late September was...

BYD plans car plant in Karachi

KARACHI, Aug 19 (Reuters): Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.BYD is the first major new electric vehicle (NEV) entrant in the Pakistani market, where there...

S Arabia to sign real estate deals with US

RIYADH, Aug 19 (Arab News): Multiple US-Saudi real estate agreements are set to be signed during a five-day visit by a leading official from the Kingdom to the North American country.Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail began his tour on Aug. 18, engaging in high-level meetings with...

Rupee ends higher following choppy price action

MUMBAI, Aug 19 (Reuters): The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit touch its highest in two weeks.The rupee closed at 83.87 against the US dollar, up from its close at 83.94 on Friday. The currency hit 83.85 during...

AMD to acquire server builder ZT Systems for $4.9b in cash

NEW YORK, Aug 19 (Reuters): AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.AMD plans to pay for 75 per cent of the ZT Systems acquisition with...

Video gamers set for world’s biggest trade show

PARIS, Aug 19 (AFP): The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures.Organisers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000...

Extreme weather drives travellers to cooler destinations this summer

LONDON, Aug 19 (Reuters): Florida resident Kathy Pafunda is reading books and perusing maps to plan a Norway getaway next summer, following visits over the last two years to cool-weather destinations Alaska, Utah, Minnesota and Iceland."We like to escape during the summer months, especially when going outside feels like taking...