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

PRAN signs $5.0m deal with Netherlands food group

FE ReportPRAN, a local food processor, signed on Saturday an agreement with the Netherlands-based Engel Foreign Food to export its products worth US$ 5.0 million.Engel Foreign Food Group, a popular chain shop of the Netherlands, will purchase PRAN products including noodles, juice and confectionery items in next one year under...

Farmers Bank to change name

The Farmers Bank Ltd is set to renew its operations under a new name from January 2019 as part of re-forming itself in this sector, officials said."The bank will also get a new name, new logo and colour to rebrand," said Md Ehsan Khasru, managing director and chief executive officer...

LFMEAB arranges eye camp

FE Desk An Eye Sight Acuity Testing Camp was held at Arcobaleno Footwear Ltd, a LFMEAB’s member factory on Friday.A total of 65 workers were diagnosed with eye sight acuity problem and their treatment started accordingly.LFMEAB is working on the lifestyle and professional development of workers of leather goods and...

A corporate advisory and issue management agreement signing ceremony

A corporate advisory and issue management agreement signing ceremony was held recently between City Bank Capital Resources Limited ("CBCRL") and MedRx Life Science Limited ("MedRx"). Under the agreement, City Bank Capital Resources Limited will be providing corporate advisory services and act as the mandated issue manager for the IPO of...

HK’s housing challenges come under spotlight

FE DeskHong Kong's mounting housing supply challenges have been brought under diligent scrutiny at the Hong Kong Institute of Surveyors' (HKIS) Annual Conference 2018. More than 300 industry leaders, academics and government officials attended the event at the JW Marriott Hong Kong on Saturday, according to a Media OutReach-forwarded statement.

BHBFC to launch Tk 2.0b scheme for farmers

SM Najmus Sakib Farmers of the country's rural areas are set to come under house financing network from next month (October) with a reduced interest rate. Bangladesh House Building Finance Corporation (BHBFC) has already got approval from Ministry of Finance to launch the Tk 2.0-billion house financing scheme to ensure...

$50m WB grant for BD to address Rohingya issue

FE ReportThe World Bank (WB) will provide US$50 million worth of grant to help Bangladesh address urgent health needs of Rohingya people.The grant will be available to help strengthen the government's health care services, especially for nutrition, and family planning needs of the Rohingya population in Cox's Bazar.To this effect,...