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

BJMA for long-term lease of closed jute mills

Private jute millers have suggested leasing out the closed mills of the Bangladesh Jute Mills Corporation (BJMC) to private sector for a long period of time.The millers also recommended ensuring sustainability of the state-owned jute mills - that will be opened under fresh arrangement - through demand-based production.The Bangladesh Jute...

Dhaka Elevated Expressway project gains pace

Work of the Dhaka Elevated Expressway (DEE) has got momentum with majority of foreign experts and workers joining the project despite coronavirus pandemic. Officials concerned said the Thai experts and workers, who left the country due to COVID-19 pandemic in March, have recently returned and speeded up the first phase...

RAKUB to disburse Tk 28.5b agri loans this fiscal

RAJSHAHI, Aug 24 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) has set a target to disburse agricultural loans worth Tk 28.50 billion (2,850 crore) in the country's northwest region in the current fiscal year to boost crop production as well as the rural economy.The specialised commercial bank will disburse the loans...

Agrani Bank Training Institute held a virtual workshop

Agrani Bank Training Institute held a virtual workshop titled 'Integrated Supervision System (ISS) reporting' in the city recently. Managing Director & CEO of Agrani Bank Limited Mohammad Shams-Ul Islam inaugurated it as the chief guest

ADC and ABC signed agreement

The Aviation Dhaka Consortium (ADC) and the Associated Builders Corporation (ABC) Limited signed an agreement on the construction of main passenger terminal-3 building (right wing) under the Hazrat Shahjalal International Airport expansion project. KJ Kang, Deputy Project Manager, on behalf of the ADC, and Nashid Islam, Director of ABC Ltd.,...

Algeria chafes against EU trade deal as deadline looms

ALGIERS, Aug 24 (AFP): Days ahead of a final deadline, activation of a long-planned Algeria-EU trade deal risks unravelling as political and business leaders in the North African country warn it will undermine economic sovereignty.The deal is meant to come into effect on September 1, a decade and a half...

German finance minister sees 'no way back' from EU joint debt

BERLIN, Aug 24 (AN): German Finance Minister Olaf Scholz said Sunday that the European Union's (EU) recovery package financed by joint borrowing was a long-term measure rather than a short-term coronavirus crisis fix, contradicting Chancellor Angela Merkel."The Recovery Fund is a real step forward for Germany and for Europe, one...

S Africa retail industry feels pain from coronavirus pandemic

JOHANNESBURG, Aug 24 (AN): South Africa's retail industry is feeling the pain from the coronavirus pandemic on two fronts - store closures during lockdown and the sharply reduced purchasing power of households.South Africa, the continent's most industrialized economy, went into strict lockdown at the end of March, with people only...