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

Develop infrastructure to tap tourism potential

A group of foreign tourists have suggested the authority concerned develop infrastructure, improve the road conditions and disseminate more information about the country to reap the benefits of its tourism potential.They have noted that Bangladesh has yet to explore its tourism potential due to lack of marketing promotion and branding...

French cos show interest in taking part in Bangladesh’s initiative

French companies have expressed their interest to take part in Bangladesh's efforts to develop its fisheries management and blue economy, and to combat illegal fishing within the country's maritime boundary. A French company, Collecte Localisation Satellites (CLS), a global leader in fisheries management solutions, has offered solutions and technologies to...

Trade facilitation key to ease of doing business

Policymakers and experts have said new jobs are not being created in Bangladesh in line with its gross domestic production (GDP) growth.They stressed on the need for creating more employment to use the present demographic dividend or else it might become a liability for the country. The distinguished speakers also...

PPA signs deal with Korean firms today to build terminal

The Payra Port Authority (PPA) signs an agreement with a joint venture of South Korean firms today (Tuesday) for building terminal and other facilities at the Payra Port, official said.The Korean firms are Kunhwa Engineering and Consulting Company Limited, Daeyoung Engineering Company Limited and Heerim Architects and Planners Company Limited.|The...

LBF signs MOU with Tropical Daisy Hotel

LankaBangla Finance Ltd. (LBF) signed a memorandum of understanding (MOU) with Hotel Tropical Daisy recently for its customers privilege under supervision of Society for Leadership Skill Development (SLSD).Head of Retail Business of LBF Khurshed Alam and Chairman of Hotel Tropical Daisy Masudur Khan signed the deal on behalf of their...

RAKUB recovers Tk 2,000m through Baishakhi fair

The Rajshahi Krishi Unnayan Bank (RAKUB) has recovered outstanding loans worth around Tk 2,000 million (Tk 200 crore), including classified loan of Tk 302 million (Tk 33.02 crore), through its Baishakhi Fair, a RAKUB press release said.The bank arranged a daylong Baishakhi Mela (Baishakhi fair) in all its 381 branches...

Focus on good governance to raise industrial productivity

Industries Secretary M Abdul Halim has underscored the need for ensuring good governance in the management of industries to increase productivity, reports BSS.Good governance plays an important role in creating employment and developing skills through strengthening economic growth, he said.Bangladesh has already achieved mentionable success in poverty alleviation through good...

New North America deal boosts US economy

WASHINGTON, Apr 22 (Reuters): The new North American free trade pact would modestly boost the US economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the US International Trade Commission showed.The ITC report is a crucial step in...

Taiwan export orders drop

TAIPEI, Apr 22 (Reuters): Taiwan's export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island's manufacturers kept struggling with a drop in global tech demand.Orders in March dropped nine per cent from a year earlier to $38.59 billion, Ministry...

Participants of a training programme

Managing Director and CEO of Modhumoti Bank Limited Md. Shafiul Azam and senior executives of the bank posing with the participants of a training programme on "AML & CFT with Special Focus on Prevention of Trade Based Money Laundering" at Modhumoti Learning and Development Centre in the capital recently

China should fine-tune monetary policy based on economic growth

BEIJING, Apr 22 (Reuters): China should fine-tune monetary policy in a pre-emptive way based on economic growth and price changes, the official Xinhua News Agency said on Monday, citing a top-level meeting chaired by President Xi Jinping."Monetary policy needs to be neither too tight, nor too loose and should be...

Huawei Q1 revenue jumps 39pc despite political pressure

Huawei reported a 39 per cent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure, reports CNBC.The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. The company said it shipped 59...

Dubai forecasts 2.1pc growth in 2019

DUBAI, Apr 22 (Reuters): Dubai's economy is expected to grow by 2.1 per cent in 2019, the government has forecast, recovering from a downturn last year when it hit its slowest pace since a 2009 contraction when the economy was hobbled by a debt crisis.Dubai, whose economy is focused on...

India's coal import surges 9.0pc in FY '19

India's coal import increased by 8.8 per cent to 233.56 million tonnes in 2018-19, according to a report.Coal imports were at 214.61 million tonnes in 2017-18, according to provisional data by mjunction services, based on monitoring of vessels' positions and data received from shipping companies, reports PTI.mjunction, a joint venture...

Ex-Nissan boss Ghosn faces fresh charge

Japanese prosecutors have charged former Nissan chairman Carlos Ghosn with aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire, reports The Guardian.The charge, on Monday, ensures that Ghosn will remain in custody pending another bail...