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

RAKUB seeks state guarantee against Tk 5.0b refinancing loan

Rajshahi Krishi Unnayan Bank (RAKUB) has sought a guarantee from the government against a Tk 5.0 billion (500 crore) loan under the Bangladesh Bank (BB) refinancing scheme, officials said. The specialised bank will take the short-term refinancing loan soon at an interest rate of 5.0 per cent (bank rate) to...

Hamid Group to set up economic zone in Mymensingh

Hamid Group, a Bangladeshi conglomerate, will set up an economic zone on 153 acres of land in Mymensingh, aiming to give an impetus to the country's economy. The Bangladesh Economic Zones Authority (BEZA) issued a pre-qualification licence to Hamid Group to this end at a ceremony held at BEZA headquarters...

CEPZ to remain closed for three days from Saturday

CHATTOGRAM, Dec 26: Chittagong Export Processing Zone (CEPZ) will remain closed for three days from December 29 due to some major emergency maintenance works in the electrical and electronic services system.The supply of electricity to the country's largest export processing zone (EPZ) will be suspended on December 29 and 31...

Jamuna Bank Foundation opens kidney dialysis centre

The Kidney Dialysis Centre of Jamuna Bank Foundation commenced its operations recently, says a statement.Jamuna Bank Foundation Chairman Al-Haj Nur Mohammed attended the programme in the capital as the chief guest.Managing Director of Jamuna Bank Shafiqul Alam, Additional Managing Director Mirza Elias Uddin Ahmed and Head of HR Mamun Mahmud...

ULAB delegates attend South, SE Asian university network

A delegation from the ULAB attended the inaugural meeting of the South and Southeast Asian University Network and the second South and Southeast Asian University Rectors Forum recently.ULAB Vice Chancellor Professor H M Jahirul Haque, Special Advisor to the ULAB Board of Trustees Professor Imran Rahman and Director of ULAB...

News Briefs-(27-12-2018)

Guardian Life appoints new ActuaryGopal V Kumar has joined as Appointed Actuary at Guardian Life Insurance Ltd. He is a fellow of the Institute of Actuaries of India (FIAI). Prior to the appointment, he has served so many reputed Asian and Global Insurance brands. He has been serving the insurance...

No massive monetary stimulus in China next year: PBOC adviser

SHANGHAI, Dec 26 (Reuters): China will not resort to "flood-like" stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks, local media quoted a central bank adviser as saying in a report on Tuesday.The Chinese economy will face downward pressure...

GEM signs five-year battery material supply deal with ECOPRO

BEIJING, Dec 26 (Reuters): Chinese battery firm GEM Co Ltd will supply 170,000 tonnes of raw materials to South Korean battery maker ECOPRO Co Ltd from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market.GEM signed a memorandum of understanding with ECOPRO...

Mexico Congress completes approval of 2019 budget

MEXICO CITY, Dec 26 (Reuters): Mexico's lower house of Congress completed approval of the 2019 budget, signing off on the spending part of the package barely a week after the plan was first presented.The 5.8 trillion peso ($291.5 billion) budget stuck close to new President Andres Manuel Lopez Obrador's campaign...

Japan wants to promote free, fair trade for global economy

TOKYO, Dec 26 (Reuters): Japan's top government spokesman said on Wednesday his government wants to promote rules that protect free and fair trade for the global economy.Chief Cabinet Secretary Yoshihide Suga, speaking during a recording of a TV programmeme at Japanese broadcaster BS11, said Japan is ready to explain its...

Brexit, Trump biggest risks to economic growth

BERLIN, Dec 26 (Reuters): Germany's leading industry groups said on Wednesday that Britain's departure from the European Union (EU) and trade disputes triggered by US President Donald Trump's 'America First' policies were posing the biggest risks to growth and prosperity.The German economy, Europe's largest, is expected to post its weakest...

Most Asian currencies shaky

SINGAPORE, Dec 26 (Reuters): Most Asian currencies were little changed on Wednesday as they rolled into the year-end in a shabby state, with global growth risks and political uncertainty in the United States (US) leaving little chance of a strong near-term recovery.The likelihood of a prolonged partial US government shutdown...

Russia expands economic sanctions on Ukraine

MOSCOW, Dec 26 (AFP): Russia on Tuesday expanded its economic sanctions on Ukraine, adding more than 250 people and businesses to a blacklist first announced at the start of November.According to a decree by Prime Minister Dmitri Medvedev, 245 individuals and seven companies, mostly in the energy and defence sectors,...

Libya's 'green gold' olive industry hit by export ban

TARHUNA (Libya), Dec 26 (AFP): Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country's devastating conflicts.But the industry of extracting olive oil, often dubbed "green gold", is now under threat after Libyan authorities halted exports in a bid...

Mohammed Amirul Haque receiving 18th ICAB National Award

Managing Director of Premier Cement Mills Ltd. Mohammed Amirul Haque receiving the 18th ICAB National Award for best presented annual report 2017 from Finance Minister AMA Muhith at a ceremony in the city recently