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

Power Div seeks 47pc hike in ADP allocation for next FY

The Power Division has sought a budgetary allocation of Tk 316.27 billion for the next fiscal year (FY), up by 47.39 per cent than that of the current fiscal.If the allocation is made, it would be the highest one given to any sector under the Annual Development Programme (ADP) for...

Karmasangsthan Bank requests for Tk 2.0b fund

The state-run Karma-sangsthan Bank (KB) has requested the government to release a sum of Tk 2.0 billion in paid-up capital for it, aiming to implement its five-year work plan, officials said.The managing director of the specialised bank in a letter to the finance ministry on March 14 made the request...

Commercial launching of iPay Systems today

iPay Systems Limited, a digital payment platform in the country, is going to commercially launch its activities today (Wednesday), reports BSS. Finance Minister AMA Muhith will launch the system as the chief guest at a function at the Radisson Blu Dhaka Water Garden hotel in the city, said a press...

AMTOB strongly supports effective launch of MNP

A working committee of Bangladesh Telecommunication Regulatory Commission (BTRC), mobile phone operators and Mobile number portability (MNP) licensee is working together to finalise a consumer-friendly MNP process, reports UNB.As soon as the workable MNP process is finalised, the MNP licensee in collaboration with all the related stakeholders will launch the...

Abdul Matlub Ahmad, President of India-Bangladesh Chamber of Commerce and Industry

Abdul Matlub Ahmad, President of India-Bangladesh Chamber of Commerce and Industry (IBCCI), addressing the annual regional meeting of the Confederation of Indian Industry (CII), Eastern Region, at a hotel in Kolkata recently

Hike in prices of construction materials concerns realtors

Realtors on Tuesday voiced concerns over the price spirals of key construction materials, which, according to them, may harm the country's real estate sector. They also sought the government's intervention to arrest the price hike.At a press conference in the capital, Real Estate and Housing Association of Bangladesh (REHAB) said...

Beijing urges Washington not to act emotionally on trade

BEIJING, Mar 20 (Agencies): Chinese Premier Li Keqiang called on the United States Tuesday to avoid acting "emotionally" and to avoid a trade war, as President Donald Trump considers new punitive measures against Beijing."We hope that both parties can maintain reason, not act emotionally, and avoid a trade war," Li...

China's cross-border e-commerce trade sees 80pc growth in 2017

BEIJING, Mar 20: Cross-border e-commerce is booming in China as trade figures show it surged 80.6% in 2017 from a year earlier to 90.24 billion yuan ($14.32 billion).The growth rate has been over 50% for three consecutive years, show statistics from China Customs.With China's online retail market growing at breakneck...

Taiwan export orders post first decline in 19 months

TAIPEI, Mar 20 (Reuters): Taiwan's export orders in February unexpectedly fell 3.8 per cent from a year earlier, mainly due to Lunar New Year distortions, although broader demand for the island's technology sector appeared to remain intact.Export orders in February stood at $32.45 billion, with the on-year pace easing from...

German investor confidence plunges

FRANKFURT AM MAIN, Mar 20 (AFP): Confidence among investors in Europe's largest economy Germany plunged in March, with a monthly barometer dropping to its lowest level in 18 months, reflecting fears of a transatlantic trade war.A regular survey of 220 analysts and investors from the ZEW institute gave a reading...

Kaplan holds career fair

SINGAPORE CITY, Mar 20: Kaplan in Singapore, one of Singapore's leading private education provider, launched the second edition of its career fair last Friday, says a Media OutReach release.With FindSGJobs as the organising partner, employers at the fair included the likes of Singapore Airlines, Certis Cisco, TWG Tea and Pandora,...

Dhaka Regency Hotel & Resort

Executive Director of Dhaka Regency Hotel & Resort Shahid Hamid and Bangladesh China Chamber of Commerce and Industry (BCCCI) Senior Vice President Shah Md Sultan Uddin Iqbal shaking hands while exchanging documents after signing a deal in the capital recently