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

$3.06b Gabtoli-Borpa metro rail likely

Another 16-kilometre metro rail corridor from Gabtoli to Borpa of Narayanganj has been proposed at an estimated cost of $3.06 billion.The Mass Rapid Transit Line-05 South (MRT5-S) will get linked with two other ongoing metro rail projects-MRT6 and MRT1.The proposed 12.5km underground and 3.5km elevated lines will be carried out...

Inflation 5.42pc in Jan

The rate of general inflation in January stood at 5.42 per cent, according to the latest data of the Bangladesh Bureau of Statistics (BBS)."The general point to point inflation rate was 5.42 per cent in January," Planning Minister M A Mannan said while releasing the monthly consumer price index after...

Banks in poll areas to remain closed today

All the branches of scheduled banks will remain closed today (Thursday) in the election areas across the country, according to a circular of Bangladesh Bank (BB). The branches of the commercial banks at Dhaka North City Corporation (DNCC) and the Dhaka South City Corporation (DSCC) areas will remain closed to...

Russian pvt sector wants to invest in JV projects

Russian Ambassador to Bangladesh Alexander Ignatov has said Russian private sector is interested to invest in joint venture (JV) projects in Bangladesh, reports UNB.His government would also continue to cooperate with Bangladesh in power, energy, information and communication technology, trade, defence and other areas of mutual importance, the Russian envoy...

NY to host int'l apparel exhibition in July

A three-day international apparel exhibition 'Texworld USA' will begin at Javits Convention Centre in New York on July 23, reports BSS."Like in the past, Bangladeshi business entities will take part in the tradeshow for promoting Bangladeshi products in the USA market," Export Promotion Bureau (EPB) Deputy Director Abu Mukhles Alamgir...

Vivo launches new smartphone

Vivo recently unveiled new V15Pro smartphone in the country, reports UNB.The V15 Pro is the first model beyond the NEX to incorporate the industry's first elevating front camera with upgraded AI technology that combines a stunning full-screen smart phone with an intelligent personal assistant that understands and anticipates consumer needs.Interested...

News Briefs-(28-2-2019)

Dinesh Kumar Khara SBI top executive arrives in Dhaka today Dinesh Kumar Khara, Managing Director (Global Banking & Subsidiaries) of State Bank of India (SBI), arrives in Dhaka today (Thursday) on a two-day visit to Bangladesh. C. Venkat Nageswar, Deputy Managing Director (International Banking) is accompanying him. During the visit,...

'India-Bangladesh Protocol on Inland Water Transit and Trade: Business Opportunities'

Director General of Department of Shipping Commodore Syed Ariful Islam giving a presentation on 'India-Bangladesh Protocol on Inland Water Transit and Trade: Business Opportunities', organised by The Chartered Institute of Logistics and Transport (CILT) Bangladesh Council at its conference room in the capital on Wednesday — FE Photo

India's economy seen losing momentum ahead of polls

NEW DELHI, Feb 27 (Reuters): India's economy appeared to be losing momentum in the approach to a general election that must be held by May, as a Reuters survey of economists forecast that growth slipped to 6.9 per cent annually in the October-December quarter.If the forecast proves accurate, India will...

EU tightens rules on London-based investment firms

BRUSSELS, Feb 27 (Reuters): European Union (EU) governments and lawmakers have reached a deal on tighter supervision of investment firms that offer "bank-like" services, including proprietary trading and underwriting of financial instruments.The deal, reached late on Tuesday and which confirms an agreement in January by EU states, will boost the...

US inflation to fall further below 2.0pc target

WASHINGTON, Feb 27 (AFP): Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two per cent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.That forecast added weight to the Fed's recent announcements that it...

UK employers' confidence in economy slides

LONDON: British employers' confidence in the economy has fallen sharply ahead of Brexit, hammering hiring and investment intentions, an industry survey showed on Wednesday, reports Reuters.The Recruitment and Employment Confederation's (REC) gauge of confidence in the economy slid to -20 in the three months to January, the lowest reading since...

US home construction plunges in Dec

WASHINGTON, Feb 27 (AFP): Construction of new homes unexpectedly nosedived across the United States in December, hitting its lowest level in more than two years, government data showed Tuesday.The Commerce Department data, which were delayed due to the December-January government shutdown, coincided with a sharp drop on Wall Street which...

Lego returns to growth

COPENHAGEN, Feb 27 (AP): For Lego, the pieces are coming back together.The Danish toy maker said Wednesday its revenue rose 4.0 per cent last year to 36.4 billion kroner ($5.5 billion) after a tough 2017. Net profit increased 3.5 per cent to 8.1 billion kroner ($1.2 billion).Growth was in the...

Japan revises trade deal with ASEAN

Japan has amended its trade deal with countries in Southeast Asia, which is expected to help businesses on both sides, reports NHK World. The Economic Partnership Agreement liberalises services and investment between Japan and members of the Association of Southeast Asian Nations, or ASEAN.Foreign Minister Taro Kono signed the revised...