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

Linden Energy shows interest

A US-based internationally focused energy development company seeks to supply liquefied natural gas (LNG) to Bangladesh for a 20-year period, officials say.In exchange, Linden Energy assures Dhaka of lobbying Washington to secure zero-tariff/lower-tariff entry of Bangladeshi items, including garment, to the US market.The Houston-based firm has recently placed its proposal...

US-Bangla's Dhaka-Male flight to save $1m in forex monthly

US-Bangla Airlines, country's largest private airlines in terms of fleet size, spread its wings on Friday to another South Asian destination--Maldivian capital Male-- that will refrain Bangladesh from losing one million US dollars monthly as foreign exchange, reports BSS."From today, as a local carrier we'll operate direct flight to Male...

Japan plans $490b stimulus to boost pandemic recovery

TOKYO, Nov 19, (AFP) : Japanese Prime Minister Fumio Kishida announced a record 56 trillion yen ($490 billion) stimulus for the world's third-largest economy Friday as he looks to shore up its patchy pandemic recovery.The fresh stimulus, expected to be approved by the cabinet later in the day, "is enough...

PUMA opens 3rd outlet in Dhaka

PUMA, the world-class German sportswear brand, has opened its 3rd flagship outlet in Bangladesh, says a statement. The global brand officially started its operations on Wednesday at level 2 of Bashundhara City Shopping Complex in Dhaka. The new outlet has been launched by PUMA's Exclusive Franchise Partner DBL Group. Initially...

SBP hikes interest rate by 150 basis points to 8.75pc

The State Bank of Pakistan (SBP) on Friday raised its benchmark interest rate by 150 basis points to 8.75 per cent as it grapples with surging inflation and uncertainty over the stalled International Monetary Fund (IMF) loan facility, reports Reuters."The MPC (Monetary Policy Committee) was of the view that there...

New e-commerce platform Durbar to be launched soon

Durbar, a new e-commerce platform, is going to be launched soon, with products from all over the world and a cash-on-delivery delivery method, reports BSS.Consumers can buy products from categories such as clothing, boutiques, home-appliance, IT, lifestyle, electronics, and smartphones more by using the website and mobile app of Durbar.Also,...

WTO members on track to conclude trade in services talks

GENEVA, Nov 19, (AFP): World Trade Organization talks on facilitating trade in services are on course to reach a successful conclusion at the WTO ministerial conference starting later this month, reporters were told Thursday.The negotiations, launched at the end of 2017, aim to facilitate trade in services by simplifying administrative...