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

Real estate companies get positive response

A five-day REHAB (Real Estate and Housing Association of Bangladesh) Fair 2017 ended Monday receiving positive response from both the realtors and customers.Held at the Bangabandhu International Conference Center (BICC), the fair drew a huge number of visitors on the concluding day, a public holiday on account of X-mas Day.While...

Country's largest book super store opens Friday

Baatighar, a Chittagong-based company is going to open the country's largest super store of books in Dhaka December 29."The store occupying 5,000 square feet space is located at the eighth floor of Biswa Shahitya Kendro at city's Bangla Motor area and we are ready to open the store on December...

NWF procession today

National Workers Federation (NWF) will organise a red-flag procession today (Tuesday) to press home their different demands, including implementation of wage commission and others benefits.They will hold the demonstration in front of National Press Club, according to a press statement.In the statement, the leaders of the federation said although Prime...

News Briefs- (26-12-2017)

BB gets two new EDsLaila Bilkis Ara and Md Shah Alam have recently been promoted to the posts of executive director of Bangladesh Bank. Prior to the promotion, Shah Alam had been serving the central bank as general manager while Laila was posted in Rajshahi office of the central bank,...

BGB opened the 8th and 9th branches of the bank in Cox's Bazar and Teknaf

Major General Abul Hossain, chairman of Shimanto Bank Ltd and also the director general of Border Guard Bangladesh (BGB) opened the 8th and 9th branches of the bank in Cox's Bazar and Teknaf recently. Managing Director & CEO of the bank, Muklesur Rahman also seen, among others.

Rs 250b Indian projects to boost trade with BD, bordering states

To facilitate trade with bordering countries like Nepal and Bangladesh, India will link its major highway corridors to international trade points at a cost of Rs 250 billion (Rs 25,000 crore), Union Minister Nitin Gadkari said.About 2,000 kilometres (km) of highways will be constructed under the plan, according to a...

Erdogan signs accords on first visit to Sudan

KHARTOUM, Dec 25 (AFP): Turkish President Recep Tayyip Erdogan met his Sudanese counterpart Omar al-Bashir with bilateral trade and strategic cooperation dominating the agenda of their meeting on Sunday.Twelve accords were signed at the outset of his two-day visit to Khartoum, including economic and military deals as well as on...

SBC pays Tk 809.28m insurance claim

Sadharan Bima Corporation (SBC) paid Tk 809.28 million (Tk 8,92,81,990.00) to DAP Fertiliser Co Limited, an entity under Bangladesh Chemical Industries Corporation (BCIC), against a fire claim in the capital recently, says a statement.Sadharan Bima Corporation's Managing Director Syed Shahriyar Ahsan handed over the cheque for the Tk 809.28 million...

China's booming pet market sparks deals

PINGYANG, China/SHANGHAI, Dec 25 (Reuters): Li Mingjie is a pet industry investor's dream. The 23-year-old e-commerce worker spares little expense to make his pooch happy."I'll happily splash out on my dog," Li told Reuters as he walked his brown poodle Coco in Pingyang, a town on China's east coast. "She...

CIS-BCCI Chamber of Commerce and Industry AGM held

The Annual General Meeting (AGM) of the Commonwealth of Independent States-Bangladesh Chamber of Commerce and Industry (CIS-BCCI) was held at Gulshan Club in the capital recently, says a statement. During the AGM, CIS-BCCI President Habib Ullah Dawn briefed the Chamber's activities in the past years and explained its future plansMd...

Florida orange industry hit by hurricane

NEW YORK, Dec 25 (AFP): Hit by Hurricane Irma and a citrus ailment known as "Yellow Dragon Disease," Florida orange growers are bracing for potentially the worst harvest in more than a half century.Forecasters are projecting a yield of 46 million boxes of oranges for the 2017-2018 Florida orange season,...

Thailand November tourist arrivals up 23.2 pc: Ministry

BANGKOK, Dec 25 (Reuters) - Thailand welcomed 3 million foreign tourists in November, the tourism ministry said on Monday, 23.2 per cent more than the same month a year earlier.The kingdom saw a total of 31.85 million foreign tourist arrivals in the period from January to November, up 8.1 per...

Visitors throng a stall of REHAB Fair 2017

Visitors throng a stall of REHAB Fair 2017 which ended at Bangabandhu International Conference Center (BICC) in the capital on Monday. The five-day REHAB (Real Estate and Housing Association of Bangladesh) fair drew a large number of visitors the concluding day on Monday which was also a public holiday in...

Ultra-easy monetary policy weighs heavily on Japanese bank profits

TOKYO, Dec 25 (Reuters): Prolonged ultra-easy monetary policy is weighing heavily on Japanese bank profits but financial institutions should not expect business conditions to brighten dramatically even after the central bank raises interest rates, a senior Bank of Japan (BoJ) official said. Many regional banks could suffer losses in the...

VW may post excellent 2017 results, CEO tells

BERLIN, Dec 25 (Reuters): Volkswagen will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts.The carmaker's popularity with motorists appears to have weathered the storm following the emissions scandal of September 2015, which has cost Volkswagen (VW) billions of...