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

BD sticks to its decision on fumigation checks

Bangladesh sticks to its decision to continue carrying out fumigation checks on import of cotton from the USA. Md Mahbubul Islam, joint secretary of the agriculture ministry said, "We will not go beyond our existing rules regarding fumigation on import of cotton from the US to the country's ports concerned."He,...

Shipping Corp. leases out vessels after buying with China funding

The leasing out of six newly-procured bulk carriers of the Bangladesh Shipping Corporation (BSC) to international operators instead of operating those on its own have raised questions. Between July last year and February this year, the state-run Corporation bought the bulk carriers with funding from Export-Import Bank of China to...

Minister asks authorities to ensure quality of farm machinery

Agriculture Minister Dr Mohammad Adbur Razzaque on Wednesday asked the authorities concerned to ensure quality of agro-machinery, instead of emphasising on their prices, to help boost crop production in the country. He also directed the Department of Agriculture Extension (DAE) to submit to his ministry the total demand for specific...

Hilsa glut in Chandpur brings down prices in southern dist

CHANDPUR, Aug 21 (UNB): Machghat, the largest wholesale Hilsa market in the district, is flooded with the silver fish caught in Hatia, Sandwip, Dhalchar, Barguna, Nijhum Dwip, Charfesson, Pathorghata and Bhola.Hilsa caught from Padma and Meghna rivers weighing about one kilogramme are being sold at Tk 900 while the fish...

SAARC development fund meet in colobmbo tomorrow

The 31st board meeting of SAARC Development Fund (SDF) will begin in Colombo tomorrow (Friday), reports BSS.The meeting aims at taking decisions on key issues to further promote regional integration and economic cooperation among the member countries.The information came up when Chief Executive Officer (CEO) of SDF Dr Sunil Motiwal...

Easy credit poses tough challenge for Russian economy

MOSCOW, Aug 21 (AFP): New machines popping up in Russian shopping centres seem innocuous enough - users insert their passport and receive a small loan in a matter of minutes.But the devices, which dispense credit in Saint Petersburg malls at a sky-high annual rate of 365 percent, are another sign...

China's Sinopec expects to win BD refinery bid

Chinese company Sinopec Engineering is currently leading the race in the bid to build a major oil refinery in Bangladesh, according to a report published on https://en.businesstimes.cn.The company, which is one of the leading contractors for China's Belt and Road Initiative, announced this week that it is confident that it...

News Briefs-(22-08-2019)

PM opens Biman's 3rd Dreamliner 'Gangchil' todayGangchil, the third Boeing 787-8 Dreamliner of Biman Bangladesh Airlines, is set to spread its wings today (Thursday) as Prime Minister Sheikh Hasina will inaugurate the aircraft through a function. The prime minister is scheduled to open 'Gangchil' at Hazrat Shahjalal International Airport (HSIA)...

Karmasangsthan Bank Chairman Kaniz Fatema NDC

Karmasangsthan Bank Chairman Kaniz Fatema NDC (3rd from right) and Managing Director Md. Abul Hossain (3rd from left), among others, seen on the dais of a discussion meeting titled 'Bangabandhu and Bangladesh' and a doa mahfil organised by the bank marking the National Mourning Day 2019 and 44th martyrdom anniversary...

US ports brace for surge of imports ahead of new tariffs on China

NEW YORK, Aug 21 (AFP): The latest lurches in President Donald Trump's trade war with China set the stage for a potential repeat of late 2018 when goods flooded into America's ports to beat new tariffs.US importers, retailers and shippers are bracing for a new round of punitive duties on...

Mexico, US reach deal to end tomato tariff spat

MEXICO CITY, Aug 21 (Reuters): Mexican tomato producers have reached a deal with the US government to avoid an anti-dumping investigation, Mexican Economy Minister Graciela Marquez said on Wednesday, ending a testy tariff dispute that had rumbled on for months.Under the deal, the vast majority of Mexican tomato exports will...

Bankers hawk hedging as trade war hits China’s yuan

SHANGHAI, Aug 21 (Reuters): In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defenses against currency volatility."Currency swings are now largely at the mercy of geopolitics and...

S Korean tourists shun Japan over trade row

TOKYO, Aug 21 (Reuters): The number of South Korean tourists visiting Japan fell last month to its lowest in nearly a year as visitors canceled travel plans amid deteriorating relations between the neighbors, Japanese government data showed on Wednesday.Tourist arrivals from South Korea dropped 7.6 per cent in July from...

Euro pinned near recent lows as attention shifts to Fed

LONDON, Aug 21 (Reuters): The euro struggled to make headway against a resilient dollar on Wednesday while foreign exchange markets remained largely calm ahead of a crucial meeting of central bankers later this week.After markets rushed over the last two months to price in significant easing from central banks in...

Taiwan’s manfcg output value down 4.57pc in Q2

TAIPEI, Aug 21 (Xinhua): Taiwan's manufacturing sector continued to shrink in the second quarter of this year, the island's economic authority said.The contraction remained for two quarters in a row. And the total production value of the island's manufacturing sector from April to June was 3.32 trillion new Taiwan dollars...