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

Toymakers eye global market

Toymakers are looking to widen their market share at home and abroad through enhancing their capacity with the help of foreign technologies, especially from China, industry-insiders said. They also have a plan to double their investment to Tk 20 billion by 2020 to boost the toy sector. Presently, this sector...

Cabinet clears draft Textile Act, 2018

The Cabinet on Monday cleared the draft of a new law titled 'The Textile Act, 2018', aiming to maintain the quality of textile products as Bangladesh earns a large amount of foreign currency from apparel exports.The approval came at the Cabinet meeting held at the Prime Minister's Office (PMO) with...

Indian GDP growth in Oct-Dec likely 6.9pc, best in 2017

BENGALURU, Feb 26 (Reuters): India's economy grew at its fastest pace in a year in the October-December quarter as consumers, businesses and the government stepped up spending, a Reuters poll predicted.This suggests that disruptions from a shock ban on high-value currency notes in November 2016 and the chaotic launch of...

$95m bond to help finance natural rubber plantation

JAKARTA, Feb 26: The Tropical Landscapes Finance Facility (TLFF) today announced its inaugural transaction, a landmark US $95 million Sustainability Bond to help finance a sustainable natural rubber plantation on heavily degraded land in two provinces in Indonesia.The project incorporates extensive social and environmental objectives and safeguards. Planted areas will...

World Bank hails China's reform, contribution to global economy

BEIJING, Feb 26 (Xinhua): With coordinated reform, China can achieve more inclusive and sustainable development, according to the World Bank Group's latest Systematic Country Diagnostic for China.The report, subtitled "Towards a More Inclusive and Sustainable Development," highlighted China's rapid growth that has resulted in a decline in poverty "unprecedented in...

S Korea's export volume growth hits four-month high in January

SEOUL, Feb 26 (Xinhua): South Korea's export volume growth hit the highest in four months in January, thanks to the strong demand for semiconductors, central bank data showed Monday.The export volume index stood at 147.23 in January, up 14.7 per cent from a year earlier, according to the Bank of...

Greek bank efforts bearing fruit but more can be done: ECB

ATHENS, Feb 26 (AFP): Greek banks' efforts have started bearing fruit but the very high stock of non-performing loans remains a thorny issue, European Central Bank chief supervisor Daniele Nouy said Sunday."We must acknowledge that the efforts of Greek banks since 2015 have started bearing fruit," Nouy told Vima newspaper."Gradual...

France's PSA buys majority stake in Malaysia plant

KUALA LUMPUR, Feb 26 (AFP): French carmaker PSA Peugeot Citroen has bought a majority stake in a Malaysian factory run by local group Naza in an effort to increase its Southeast Asian presence, both companies said Monday.PSA already had a tie-up with Naza Automotive Manufacturing at its factory in Gurun,...

Spore's mfg output rises 17.9pc in Jan

SINGAPORE, Feb 26 (Xinhua): Singapore Economic Development Board announced on Monday that the country's manufacturing output grew 17.9 per cent year on year in the first month of 2018, compared to a 3.9 per cent decline last December.Excluding biomedical manufacturing, output grew 21.6 per cent year on year in January....

Jahangir Bin Alam Secretary & CEO India-Bangladesh Chamber of Commerce and Industry speaking

Jahangir Bin Alam, Secretary & CEO, India-Bangladesh Chamber of Commerce and Industry speaking on "Global Value Chain" at Global Economic Summit 2018 of World Trade Centre, Mumbai recently.