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

Benefits of food production boom bypass poor

Bangladesh is one of the worst countries in the world where around 44 per cent of Bangladeshi women suffers from anaemia due to lower intake of nutritious food, according to a report.The report also said that some 50 per cent of the country's girl-child is suffering from malnutrition, of which...

Bumper brinjal yield brings tears to farmers, smiles to middlemen

Bumper harvest of brinjal has posed problems for farmers in many districts this season in the absence of proper marketing facility and government intervention in ensuring fair price for their produce.The high yield of brinjal has caused its price to crash, putting the farmers at the mercy of traders. Brinjal...

Kuwait to provide $51m for infrastructure dev

Bangladesh will receive US$51 million in credit from the Kuwait government to develop urban infrastructure in 53 municipalities across the country. The fund will be utilised for 'Urban Infrastructure Improvement Project' to be implemented by the Local Government Engineering Department (LGED).An agreement on the credit was signed between the Kuwait...

Thrust on proper agri data for attaining SDGs

A gradual decline in arable land, growing population and resource constraints are key challenges for the country to be addressed in order to achieve the Sustainable Development Goals (SDGs). Experts came up with this remark at a seminar styled 'The role and steps taken by the Department of Agricultural Extension...

RHTi partners with American institute

Regency Hospitality Training Institute (RHTi) has partnered with American Hotel and Lodging Educational Institute (AHELI) as the only Global Academic Partner GAP Institute in Bangladesh, says a statement.US Ambassador Marcia Bernicat announced the formal launching of the partnership at a ceremony as the chief guest at the celebration hall of...

Training on UPs’ financial audit

A two-day 'Auditors Training on Financial Audit, Performance Assessment and Fiduciary & Safeguards Compliance Assessment of Union Parishads for Fiscal Year 2016-17' began at CA Bhaban in the city on Tuesday, says a press statement.The training was organised jointly by the Institute of Chartered Accountants of Bangladesh (ICAB) and Local...

Oil-fired fast-track power projects slow as summer nears

Slow execution of 'fast-track' oil-fired power plant projects and failure to implement mid-term power plants might cause load-shedding during the upcoming summer too despite starting import of expensive LNG (liquefied natural gas).None of the diesel-fired power plants that were awarded to the private sector bypassing tender under the fast-track programme...

Austria offers €5.0m soft loan

Austria has proposed € 5.0 million in export credit with a view to expanding its trade relation with Bangladesh which is now being scrutinised by the government, officials said.An Austrian trade delegation gave the loan proposal during their recent visit to Bangladesh.Finance Minister AMA Muhith has sent a letter to...

Frobel Academy students paint children-friendly zebra crossing

Students of Frobel Academy on Monday painted a children-friendly zebra crossing on Panchalaish road, Chittagong, close to the school premises on the occasion of Independence Day, says a press release.Frobel Academy is an inclusive school that caters to needs of children with down syndrome, autism, etc within mainstream premises. By...

News in Brief(28-03-2018)

AkzoNobel to sell chemicals armTHE HAGUE, Mar 27: Dutch chemical giant AkzoNobel announced Tuesday it was selling its chemicals arm to US-based investors Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), as part of its strategy to bolster the company. "AkzoNobel today announces the sale of 100...

S'pore central bank likely to tighten monetary policy

SINGAPORE, Mar 27 (Reuters): Singapore's central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth solid and the labour market showing signs of improvement, a Reuters poll of economists found.Nine of 15 analysts said their baseline expectation is for the...

Lankan rupee firms on exporter dollar sales

COLOMBO, Mar 27 (Reuters): The Sri Lankan rupee closed slightly stronger on Tuesday as exporter dollar sales and inward remittances surpassed importer demand for the US currency, dealers said.The rupee closed at 156.00/10 per dollar, compared with Monday's close of 156.05/15. "There were (dollar) conversation's for salaries and to pay...