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

DCCI, BIDA team up to ease online services

FE DESKBangladesh Investment Development Authority (BIDA) and Dhaka Chamber of Commerce & Industry (DCCI) signed a Memorandum of Understanding (MoU) on Sunday for integration of services with BIDA's One Stop Services (OSS). The OSS is an online facilitation mechanism that aims to bring relevant agencies and stakeholders together, coordinated and...

Belgium firm eager to carry out study on diamond business

Antwerp World Diamond Centre (AWDC), a Belgium-based public-private entity, has showed interest to conduct a feasibility study in Bangladesh with an aim to reboot its diamond manufacturing and business, officials said.To this end, the AWDC has recently submitted two proposals to the Bangladesh embassy, Belgium for carrying out the study,...

BB relaxes forex rules for online study abroad, webinar solution services

Bangladesh Bank (BB) has relaxed its rules of foreign exchange release considering the current situation of admission of students for online lessons in foreign educational institutions due to COVID-19 pandemic, reports BSS."Given the ongoing situation due to COVID-19 pandemic, it is observed that foreign educational institutions are admitting students and...

Rice prices increase amid floods, virus

Prices of almost all rice varieties have increased by up to Tk 3 per kg in Dhaka in a space of 20 days amid floods and the coronavirus pandemic, reports bdnews24.com.Mill owners blamed it on a paddy price hike. But the traders in the capital could not say why prices...

Govt borrows heavily from banks as pandemic hits revenue

The government is borrowing heavily from the banking sector as the coronavirus pandemic has hit revenue collection, while expenses have gone up, a researcher has said, reports bdnews24.com.It borrowed Tk 109.58 billion from the commercial banks in the first 43 days of the new fiscal year to Aug 12. It...

24pc of female entrepreneurs shut online businesses in June: Study

Although the online sales of health products and daily essentials were booming due to COVID-19, the ongoing pandemic has taken its heavy toll on the online retailers of fashion, cosmetics, and other imported products, says a recent study, reports UNB.Many of those who were trying to reduce the losses of...

Sohel in Pabna gets Tk 1.0m buying Walton fridge

Sohel Rana from Bardanagar villiage at Chatmohar in Pabna got Tk 1.0m (10 lakh) after he had purchased a Walton brand refrigerator under the company's nationwide ongoing 'Digital Campaign Season-7,' says a press release.Of late, Sohel Rana officially received a cheque for Tk 1.0 million from Walton at the company's...

Razzak seeks Indian help in farm sector mechanisation

Agriculture Minister Dr M Abdur Razzaque sought cooperation on Sunday from India in terms of agro-processing and farm mechanisation as both the countries have a lot of opportunities to work together to this end, reports BSS."We need Indian assistance for enhancing agro-processing and marketing of the agricultural commodities as our...

Md. Mahbub ul Alam addressed

Md. Mahbub ul Alam, Managing Director and CEO of Islami Bank Bangladesh Ltd (IBBL) addressed the chief gust the inaugural session of a workshop on International Factoring organised online by the Islami Bank Training and Research Academy in the city recently. Dr. Md. Salim Uddin, Chairman, Executive Committee of IBBL...

Dr Syed Mohammad Moazzam Hossain

Bangladesh Development Bank Ltd General Manager Dr Syed Mohammad Moazzam Hossain, Deputy General Manager Engineer SM Sirajul Islam and Madan Upazila Nirbahi Officer Bulbul Ahmed were present, among others, at a programme for distribution of relief among flood victims in the upazila of Netrakona recently under an initiative of the...

GCC sovereign sukuk issuance to rise in H2 2020

DUBAI, Aug 23 (Gulf News): A recovery in market conditions and an increase in the borrowing requirements of the world's largest sukuk sovereign issuers including the GCC governments will fuel a rise in nominal sukuk issuance this year, rating agency Moody's said in a recent report.The recovery will support a...

TikTok to challenge Trump's executive order

TikTok said on Saturday it plans to file a lawsuit against President Donald Trump's executive order that prohibits transactions with the popular short video app and its Chinese parent ByteDance, confirming an earlier Reuters report. Reuters exclusively reported on Friday that TikTok would challenge Trump's executive order as early as...

Weekly US jobless claims rise more than expected to 1.1mn

WASHINGTON, Aug 23 (AFP): Just over 1.1 million people filed new claims for jobless benefits in the week that ended August 15, the US Labor Department said Thursday, defying expectations for a more moderate rise.That was an increase of 135,000 from the week prior and brought new claims back above...

PIF unit buys 10 helicopters from Airbus in tourism push

LONDON, Aug 23 (AN): A company owned by Saudi Arabia's Public Investment Fund (PIF) has agreed to buy 10 H125 helicopters from Airbus as it broadens its tourism offering.It is part of a plan by the Riyadh-based commercial operator The Helicopter Company (THC) to boost its fleet and roll out...

China plans new real estate financing rules

BEIJING, Aug 23 (Reuters): China will institute new rules in real estate financing, its central bank said on Sunday.The move comes after China's Ministry of Housing and Urban-Rural Development and the People's Bank of China (PBOC) held a conference last week in Beijing with property companies and other government bodies...