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

BR set to operate all intercity trains from September 5

Bangladesh Railway (BR) is set to complete the process of restarting all its intercity trains with resuming 14 more trains on September 5.BR has already resumed operation of 30 pairs of intercity trains from May 31 to August 16. It is also set to resume services of 14 more intercity...

Safe food project launched to tackle pandemic

A project aimed at ensuring safe and nutritious foods in the country amid the ongoing pandemic was launched on Monday.The project titled EatSafe: Evidence and Action towards Safe, Nutritious Food: Covid-19 Response will also highlight smooth market management system. With the financial support of USAID, a nongovernmental organisation (NGO) Unnayan...

PKSF launches $200m project for rural microenterprises

Palli Karma-Sahayak Foundation (PKSF), an apex development agency of the country, has floated a new project titled 'Rural Microenterprise Transformation Project (RMTP)' as a major boost to Bangladesh's microenterprise sector, reports UNB.The six-year $200 million project, jointly financed by PKSF, the International Fund for Agricultural Development (IFAD) and the Danish...

OPEC Fund approves $70m in loans for BD amid Covid-19

The OPEC Fund for International Development or the OPEC Fund has provided a $70 million loan to Bangladesh to help fight the ongoing coronavirus crisis, reports bdnews24.com.The loan to Bangladesh will help provide social safety net programmes for the poor, day labourers and informal workers, as well as healthcare staff,...

SIBL signs MoU with Primadollar for factoring solution

Social Islami Bank Limited (SIBL) signed a Memorandum of Understanding (MoU) with the UK-based PrimaDollar Operations Limited on Tuesday at the SIBL Head Office in the city said the bank in a statement. Kazi Towhidul Alam, Additional Managing Director, SIBL, and Munwar Uddin, Country Manager for Bangladesh of PrimaDollar, signed...

Sonali Bank meeting held

Sonali Bank Limited organised a meeting on Monday through videoconferencing with the heads of General Manager's office, Principal Office, Regional Office and all branch managers across Bangladesh, says a statement. Md. Ataur Rahman Prodhan, CEO and managing Director of Sonali Bank Limited, presided over the meeting while Deputy Managing Directors...

Janata Bank asset liability committee meets

The Asset Liability Management Committee meeting of Janata Bank Limited was held at its Head Office in Dhaka on Monday, says a statement. Md Abdus Salam Azad, CEO & MD, presided over the meeting. Md. Ismail Hossain, Md. Zikrul Hoque and Md. Abdul Jabber, DMDs of the bank and all...

Container ship stabilised after it tilted at Ctg Port

A loaded cargo ship, which had tilted to one side at Chattogram port, has been stabilised after several containers were unloaded, reports bdnews24.com.But the port officials could not confirm whether OEL Hind, the ship registered in Panama, was fit to sail despite regaining its balance on MondayThe ship tilted at...

BARI holds workshop

The Entomology Division of Bangladesh Agricultural Research Institute (BARI) has arranged a day-long trainers’ training workshop for the imams' of different mosques titled 'Insects and diseases management by using bio pesticides-based technology in fruits and vegetables' at the BARI seminar room on Tuesday, says a statement. BARI Director General Dr....

Md Tajul Islam planting a sapling on

Local Government, Rural Development and Cooperatives Minister Md Tajul Islam planting a sapling on the Jatiya Sangsad Bhaban premises in the city on Tuesday under the Prime Minister-announced programme to plant 10 million trees marking the birth centenary of Bangabandhu Sheikh Mujibur Rahman

Pakistan reports July current account surplus at $424m after deficits

Prime Minister Imran Khan on Monday said the country's current account balance had recorded a surplus of $424 million in July, signaling that the economy was "on the right track", reports DAWN.Hailing the development in a message on Twitter, the premier noted that in July last year, Pakistan had a...

Gas and nuclear industries fight to the end for 'green' EU investment label

BRUSSELS/LONDON, Aug 25 (Reuters): The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new "green" list could deprive them of billions of dollars of funding.The climate section of the EU's Sustainable Finance Taxonomy...

China, US hold trade talks, agree to 'push forward' phase one deal

WASHINGTON/BEIJING, Aug 25 (Reuters): Top US and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday.The pledge was made in a telephone call between US Trade...

US blasts WTO ruling in Canada lumber dispute

WASHINGTON, Aug 25 (AFP): The United States (US) slammed a World Trade Organisation (WTO) ruling Monday that favored Canada in a longstanding battle over lumber imports, holding the case up as further justification for Washington's campaign to drastically reform the global trade body.The WTO's dispute settlement body - long a...

Virus-hit Indian resort turns pool into fish farm

KOCHI (India), Aug 25 (AN): A luxury resort in southern India has turned its swimming pool into a fish farm to stop the business sinking amid the economic crisis caused by the coronavirus pandemic.Normally the 150-meter pool at the Aveda Resort in Kerala state is packed with European tourists. Now...