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

Dairy farmers seek government bailout

The Bangladesh Dairy Farmers Association (BDFA) on Sunday demanded introduction of sales of animal feeds at subsidised rates to help the country's dairy industry survive the current crisis.The BDFA raised a set of demands including subsidy to dairy farms for electricity consumption, introduction of renting farmland and declaring a 20-year...

Speakers focus on regional coop to boost economies

There is an urgent need for promoting regional cooperation to help boost the economies in the wake of Covid-19 pandemic, speakers at a webinar said.Bangladesh, with its excellent geographical location, demographic dividend and conducive policies to attract foreign direct investment (FDI), could play a vital role in fostering regional ties,...

NRBC Bank starts its journey at Parbatipur

With state-of-the-art modern banking facilities, NRB Commercial Bank Limited launched its banking services at Natun Bazar, Parbatipur in Dinajpur on Sunday. Chairman of the Parliamentary Standing Committee on Primary and Mass Education of Jatiya Sangsad Advocate Mustafizur Rahman Fizar, MP, inaugurated the services of the bank through a video conference...

Biman resumes flights to India on Oct 29

The state-owned Biman Bangladesh Airlines is going to resume its regular flights to Delhi, Kolkata and Chennai in India on October 29 and November 01 and 15 respectively.Covid-19 health guidelines will be in force during the flights, according to a Biman press release issued on Sunday.Bangladesh is going to resume...

Foreign currencies worth Tk 4.1m seized at Ctg airport

CHATTOGRAM, Oct 25: The law enforcing agencies detained two Dubai bound passengers and seized huge foreign currencies from them at Chattogram's Shah Amanat International Airport Saturday night. The customs authorities found foreign currencies of Tk 4.10 million (Tk 41,02,484) under the possession of the two passengers. The detained passengers are...

Walton laptop 'Prelude N41' launched

Walton Digi-Tech Industries Limited launched a new model of Walton laptop named 'Prelude N41'NM Zeaul Alam, senior secretary of Information and Communications Technology (ICT) Division, inaugurated it when he visited the production plants of Walton at Chandra in Gazipur recently.SM Rezaul Alam, chairman of Walton Digi-Tech Industries Limited, was present...

Bengal Commercial Bank

Bengal Commercial Bank Limited Chairman Md Jashim Uddin and Managing Director and CEO Tarik Morshed, actor, model and singer Tahsan Khan and model and presenter Maria Nur posing with others, at a signing ceremony at the bank's corporate office at Gulshan in the city on Sunday. As Brand Ambassadors, Tahsan...

BSTI mandates quality certificate for 43 products

The Bangladesh Standards and Testing Institution (BSTI) has made it mandatory to obtain quality standard certificates for the marketing of 43 products. The BSTI took the decision at its 34th council meeting in the city on Sunday, with Industries Minister Nurul Majid Mamun Humayun in the chair. The products that...

PHP bikes available at Evaly

Bikes manufactured by PHP Automobiles can now be purchased at the online-based marketplace evaly.com.bd.At the same time, Proton brand vehicles manufactured by PHP Automobiles are also going to be added to Evaly.A memorandum of understanding (MoU) was signed between the two companies at the PHP Automobiles office in Chattogram on...

Threats to US Treasury mkt liquidity still exist, Fed says

NEW YORK, Oct 25 (Reuters): The US Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the Covid-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York's Market Committee said on Friday.The market...

Daimler lifts 2020 profit outlook

FRANKFURT, Oct 25 (Arab News): German automaker Daimler raised its 2020 profit outlook on Friday as a 24 per cent jump in demand for luxury cars in China in the third quarter, a new record, helped turn around margins at its Mercedes-Benz cars division.Benefiting from improved pricing and a fall...

Huawei ekes out Q3 revenue growth

SHANGHAI, Oct 25 (Arab News): Huawei Technologies eked out a gain in third-quarter revenue as the impact of the Covid-19 pandemic added to supply-chain difficulties brought about by US restrictions on doing business with the Chinese firm.The figure comes a day after the telecommunications equipment maker announced its latest flagship...