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

Tofail urges Canada to invest in Special Economic Zones

Commerce Minister Tofail Ahmed has urged Canada to invest in Special Economic Zones (SEZs) of Bangladesh for mutual benefits of the two countries.The minister made the call as Canadian High Commissioner in Dhaka Benoit Préfontaine met him at his secretariat office on Wednesday. Bangladeshi export to Canada is increasing day...

Boost rail link to cut lead time

The government should look to increasing the rail connectivity to resolve the lead time problem in exports, business leaders said recently. They also called for utilising the unused land of the ministry of railway for warehousing. The views came during the latest Private Sector Development Policy Coordination Committee (PSDPCC) meeting.The...

BHBFC to give easy loans to middle, lower income people

The Bangladesh House Building Finance Corporation (BHBFC) is set to sign a Subsidiary Loan Agreement (SLA) with the government to provide house-building loan to middle and lower income people.The country's middle and lower income people will get house-building loan from July this year under 'Rural and Peri-urban Housing Finance Project',...

FBCCI holds iftar mahfil

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held an iftar and doa mahfil in the city on Wednesday.FBCCI president Md Shafiul Islam (Mohiuddin), senior vice-president Sheikh Fazle Fahim, vice president Md Muntakim Ashraf and its directors and other trade body leaders attended the programme.At the doa mahfil,...

bb.q Bangladesh opens new outlet at Uttara

Korean franchise restaurant, 'bb.q Bangladesh' launched an outlet at the capital's Uttara on Tuesday, says a statement.Momin Ud Dowlah, the Managing Director of Eon Group of Industries and Chairman of bb.q Bangladesh, attended the inaugural ceremony as the chief guest.Head of Operations of 'bb.q Bangladesh Syeda Dowlah, directors Abdul Baten,...

Sitakunda axle load control activities remain suspended

CHATTOGRAM, May 23: Activities of the axle load control station at Sitakunda on the Chattogram-Dhaka highway have remained suspended since the attacks by transport workers on May 19. A case was filed against more than 200 unidentified people for vandalising the load control station, damaging its computers, weight display and...

New DMDs of SBAC Bank

Salim Chowdhury and Mamunur Rashid Molla Mohammed Salim Chowdhury and Md Mamunur Rashid Molla have been promoted to deputy managing director (DMD) of South Bangla Agriculture and Commerce (SBAC) Bank Limited, says a press statement. Prior to their new assignment, they were senior executive vice president of the bank. Salim...

Deputy Managing Director of AML and Chairman of ServicEngineBPO ASM Mohiuddin Monem receiving the 'President's Award for Industrial Development-2016'

Deputy Managing Director of AML and Chairman of ServicEngineBPO ASM Mohiuddin Monem receiving the 'President's Award for Industrial Development-2016' under the high-tech industries category from President Md Abdul Hamid at the award giving ceremony at Osmani Memorial Auditorium in the city on Tuesday

Mobile payment firms struggle to dethrone cash in SE Asia

SINGAPORE/HANOI, May 23 (Reuters): Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash.She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China's Tencent want to win over...

Beijing increasingly positive amid closer economic ties: Moscow

ST. PETERSBURG, Russia, May 23 (Agencies): More and more Russians have a positive attitude toward China because, under Western sanctions, they see the great potential of the economic partnership between the two countries, experts said. Winning 33 per cent of support, China topped a list of countries Russians view as...

Germany welcomes China decision to cut auto tariffs

BEIJING, May 23 (AFP): German luxury automakers are expected to be among those benefitting the most, and shares in BMW and Daimler, owner of Mercedes-Benz, both jumped on the news, while Volkswagen subsidiary Porsche said the cut showcased China's "open market". Berlin also welcomed the move by China to cut...

GE's HA gas turbine delivers highest level of efficiency globally

GE's HA gas turbines - the largest and most efficient in the world - have been recognised for powering the world's most efficient power plants in both the 50hz and 60hz energy segments, said a statement.The Chubu Electric Nishi-Nagoya power plant in Japan - powered by GE's 7HA.01 gas turbine...

Macron applies 'new method' to tackle urban poverty

PARIS, May 23 (AFP): President Emmanuel Macron outlined what he called a "new method" for improving lives in neglected and poverty-wracked areas of French cities on Tuesday after a series of shockingly violent incidents thrust urban crime into the spotlight. From thousands of extra places in daycare centres to corporate...