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

India looks to set up farm machinery plants in BD

India has expressed keen interest to make investments in assembling and manufacturing of farm machinery in Bangladesh, as the country's traditional farm sector is rapidly switching toward mechanisation, reports BSS."Steps will be taken in this regard as the Indian agro-machinery manufacturing companies, including the world's largest tractor manufacturer Mahindra and...

ADR mechanism can help resolve disputes in real estate sector

A webinar on 'Challenges of Application of Institutional ADR in Real Estate and Construction Disputes in Bangladesh' was held on Wednesday, jointly organised by the Bangladesh International Arbitration Centre (BIAC) and its partner organisation Singapore International Arbitration Centre (SIAC), says a statement. At the webinar, experts highlighted the advantages of...

'Supply mechanism flaws hold back sustainable food system'

Flaws in food supply mechanism and lack of good governance are the major challenges in achieving a sustainable food system in Bangladesh, experts said.Sustainable development goals (SDGs) to build a world free of hunger might also be unachievable by 2030 due to the prevailing situation in the coronavirus pandemic, they...

ACC files graft cases against eight BWDB engineers

The Anti-Corruption Commission (ACC) on Wednesday lodged a case against 11 people, including eight engineers of Bangladesh Water Development Board (BWDB), over embezzlement of Tk 344.15 million from a river irrigation project. The accused BWDB officials, in collusion with contractors, paid a bill of Tk 548.32 million to Sigma Engineers...

CCCI for Biman flight on Ctg-Sylhet route

CHATTOGRAM, Oct 21: The Chittagong Chamber of Commerce and Industry (CCCI) has called upon the government to introduce Biman Bangladesh Airlines flights between Chattogram and Sylhet to expand tourism and business. President of CCCI Mahbubul Alam sent a letter to the State Minister for civil aviation and tourism Md Mahbub...

BD Finance holds Bootcamp

Bangladesh Finance and Investment Company Limited (BD Finance), one of the leading NBFIs, has organised 'Scaling up Bootcamp-2020' at Sarah Resort in Gazipur recently, says a statement. The main objective of this event is to set the roadmap for creating BD Finance as one of the most respected financial institutions...

World trade rebounding slowly: UN report

The value of global trade is set to fall by 7.0per cent to 9.0per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday, reports Reuters.No region was spared by an estimated 19per...

AmCham held virtual panel discussion titled 'Women Power - The Force Multiplier'

The American Chamber of Commerce in Bangladesh (AmCham) held a virtual panel discussion titled 'Women Power - The Force Multiplier' on Wednesday, with Speaker Dr. Shirin Sharmin Chaudhury as the chief guest and AmCham President Syed Ershad Ahmed in the chair

First Security Islami Bank opened Majhirghat Road sub-branch

First Security Islami Bank Ltd. opened its Majhirghat Road sub-branch at Zakaria Bhaban, East Madarbari, Sadarghat, Chattogram, on Wednesday. The photo shows Managing Director of the bank Syed Waseque Md Ali along with other officials inaugurating the sub-branch through a videoconference

Major General Mizanur Rahman Shameem presiding over 94th meeting of board of directors of Ansar-VDP Unnayan Bank

Newly appointed chairman of Ansar-VDP Unnayan Bank Major General Mizanur Rahman Shameem presiding over the 94th meeting of the board of directors of the bank at its head office in the city recently. Members of the board and Managing Director Md Mosaddake-Ul-Alam joined the meeting via a digital platform

US officials more optimistic on stimulus, timing unclear

WASHINGTON, Oct 21 (AFP): Chances for approving a new spending package to support the US economy improved dramatically on Tuesday after the senior Democratic lawmaker said a bill is in the works and the top Senate Republican said he would bring it to a vote.Both sides said they made progress...

China will balance need for stabilising growth and preventing risks

BEIJING, Oct 21 (Reuters): China will strike a balance between stabilising economic growth and preventing risks, even as debt was allowed to temporarily rise this year to support the coronavirus-hit economy, central bank governor Yi Gang said on Wednesday.Yi told a financial forum in Beijing that he expected China's macro...

Nearly all Mideast economies hit by pandemic recession: IMF

DUBAI (United Arab Emirates), Oct 21 (AP): The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two -Lebanon and Oman - are anticipated to see some level of economic growth next year, according...

As oil prices dive, Iraqi Kurds seek to diversify economy

MAM ROSTAM (Iraq), Oct 21 (AFP): Iraq's Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms.Civil servants from the northern region's bloated public sector have gone without pay and many...