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

Bangladesh, Czech Republic set to form joint trade commission

Bangladesh is set to form a joint commission with Czech Republic to expand businesses with the EU member countries. The commission will meet regularly and explore opportunities to develop the bilateral trade.Currently, Bangladesh is enjoying a trade surplus with the Czech Republic and wants to diversify its export basket.The commerce...

BHTPA to set up IT park at CU

Bangladesh Hi-Tech Park Authority (BHTPA) will establish an information technology park on the Chittagong University (CU) campus. The 'Chittagong University IT Park' will be established on 100 acres of land, aiming to help boost IT businesses in the country's south east region. To this effect, BHTPA Managing Director (MD) Hosne...

Coast Guard seizes fish fry worth Tk 8.0 million

A special team of Bangladesh Coast Guard (BCG) Khulna West Zone seized around 4.0 million fish fry worth around Tk 8.0 million from Khanjahan Ali Bridge area under Rupsha upazila in Khulna on Tuesday, reports BSS.Based on secret information, a team of Rupsha BCG of Khulna West Zone conducted a...

Germany to promote BD's RMG industry

German Ambassador to Bangladesh Peter Fahrenholtz on Wednesday said they will work closely to promote Bangladesh's RMG industry to his government, buyers and other stakeholders.The German envoy said this when he met president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq at her residence, reports UNB.Welcoming the...

DoE fines ship-building yard Tk 10m in Ctg

The Directorate of Environment (DoE) in Chattogram on Wednesday fined Tk 10 million to Karnaphuli Dry Dock Limited for running dockyard activities and building ships without approval of the Department of Environment (DoE). The DoE in a drive recently found that Karnaphuli Dry Dock Limited was running its activities without...

China must prepare for difficult times as country faces trade war

BEIJING, May 22 (Reuters): China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.The two countries are locked in tit-for-tat tariff increases...

Pound tumbles to four-month lows on Brexit agony

HONG KONG, May 22 (AFP): The pound sank to fresh four-month lows Wednesday after British MPs slammed Theresa May's latest plan to pass her Brexit plan, increasing the chances of a no-deal divorce, while Asian markets rose as dealers await the latest China-US developments.With Wall Street providing a positive lead,...

UAE offers golden visas to investors

DUBAI, May 22 (AFP): The United Arab Emirates (UAE) said Tuesday it has launched a permanent residency scheme to attract wealthy individuals and highly skilled workers to the oil-rich Gulf country.The "Golden Card" programmememe is open to investors and "exceptional talents" such as doctors, engineers, scientists and artists, said UAE...

Japan's trade surplus falls sharply as exports drop

TOKYO, May 22 (AFP): Japan's trade surplus dropped by around 90 per cent in April, official data showed on Wednesday, with exports affected by a slowdown in China's economy as it wages a trade war with Washington.Meanwhile, Japan's politically sensitive trade surplus with the United States grew 17.7 per cent...

Govt to give Tk 30b for agri mechanisation: Razzaque

Agriculture Minister Dr Md Abdur Razzaque has said the government will spend Tk 30 billion (Tk 3,000 crore) as subsidy for the mechanisation of agriculture work as finding agricultural labour is a problem now-a-days."Finding workers in agricultural work have become a problem at present time…. so we started mechanisation of...

SoftBank Corp, KDDI postpone release of Huawei phones

TOKYO, May 22 (AFP): Two of Japan's top mobile phone carriers said on Wednesday they will delay releasing new handsets made by Huawei after a US ban on American companies selling technology to the Chinese tech giant.SoftBank Corp and KDDI, Japan's number two and number three carriers respectively, said the...

Uttara Bank gets new DMDs

Md. Abul Hashem Md. Ashraf-uz-ZamanMd. Abul Hashem and Md. Ashraf-uz-Zaman have been appointed deputy managing directors (DMD) of Uttara Bank Limited.Before their promotion, they were working as the executive general managers of the state-owned bank, says a statement.Zaman started his banking career at Uttara Bank in 1988. He served in...

News Briefs-(23-05-2019)

Mobile court fines six business houses in KhulnaA mobile court of Khulna district administration in separate drives fined two hotels and four shops Tk 125,000 in the city for adulteration. "Executive Magistrate Md Rashedul Islam on Tuesday conducted the anti-adulteration drives with the assistance of police and Directorate of National...

MTB receivs PCI DSS certificate

Anis A. Khan, Managing Director & CEO of Mutual Trust Bank Limited (MTB), receiving the PCI DSS certificate from Bharat Malik, a representative of SISA Information Security, at a certificate handover ceremony at the MTB Tower in the capital recently with senior executives of the bank and other organisations concerned...

Shaila Abedin

Shaila Abedin, Head of Segments of Prime Bank, and Syed Nurul Islam, Chairman and CEO of Well Group, exchanging documents after signing an agreement on behalf of their respective organizations in presence of Md. Touhidul Alam Khan, Deputy Managing Director & CBO of Prime Bank, and Abdus Salam, Founder Chairman...