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

BRAC Bank, bKash join hands with WorldRemit

International digital money transfer service WorldRemit has tied up with local entities BRAC Bank and bKash to enhance its footprint in Bangladesh. As a result, Bangladeshi diaspora living in over 50 countries can now send money quickly and securely to 1.5 million BRAC Bank accounts, 186 BRAC Bank branches as...

BHTPA to build tech institute after Hasina

The government is going to establish a new technological institute after Sheikh Hasina in Madaripur district.The Bangladesh High-Tech Park Authority (BHTPA) has initiated a project titled, 'Sheikh Hasina Institute of Future Technology' at $157.80 million.To this end, the BHTPA recently wrote to the Information and Communication Technology (ICT) Division for...

Shohoz to expand service outside Dhaka with foreign investment

Shohoz, a Dhaka-based start-up widely known for its ride-hailing service, now plans to expand its operation outside the capital city with fresh foreign investment.The app-based firm, which started its operation in 2014, came to limelight in the beginning of 2018 when it introduced a new feature in its app allowing...

Govt incurs loss of Tk 10b due to illegal handsets shipments: BMPIA

The government is incurring a direct loss of around Tk 10 billion(1000 crore) every year due to unchecked volumes of handset shipments into the country through unauthorized channels, said Bangladeshi Mobile Phone Importers Association (BMPIA) on Tuesday, reports UNB.Approximately around 2.5 million handsets are coming through illegal channels annually and...

ADB approves $50m loan for microenterprise development

Asian Development Bank (ADB) has approved US$ 50 million loan to promote microenterprise development in Bangladesh through a credit line to Palli Karma Sahayak Foundation (PKSF), a development finance organisation, and its partner microfinance institutions, reports BSS.The project will help fill the funding gap in the short term. The loan...

News Briefs-(28-11-2018)

edotco brings free electricity to 1,000 households edotco Bangladesh, an integrated telecommunications infrastructure services company, has recently reached a milestone of providing free electricity to 1,000 households under its 'Tower to Community' project. The project was launched in 2016 as part of the company's corporate social responsibility (CSR) initiatives. The...

A view of a 150 megawatt HFO-fired power project of Midland East Power Limited

A view of a 150 megawatt HFO-fired power project of Midland East Power Limited located at Chor Chartola in Ahsugonj that launched commercial operation on Monday. As per the terms, the plant will generate and supply electricity to Bangladesh Power Development Board for 15 years

Jamuna Bank opens its 127th branch at Nimtola

Chairman of Jamuna Bank Foundation Nur Mohammed inaugurating the bank's 127th branch at Nimtola, Sirajdikhan in Munshighonj as the chief guest recently while Managing Director & CEO Shafiqul Alam, directors, senior executives and local elite were present

Italy business confidence drops

ROME, Nov 27 (AFP): Consumer and business confidence in Italy dropped in November as the country's populist government tussled with Brussels over its big-spending budget plans.The business confidence index fell to 101.1 points from 102.5 in October - its fifth monthly drop in a row - while consumer confidence dropped...

City Bank and Fortis Group exchanging documents after signing agreement

Head of Cards of City Bank Majharul Islam and Deputy General Manager (Branding) of Fortis Group Ahmed Raquib exchanging documents after signing an agreement on behalf of the bank and Sarah Resort Ltd. in the capital recently with the bank's Head of Merchant Business Arifur Rahman and Consultant (Banking) of...

78th meeting of EC of Modhumoti Bank

Modhumoti Bank Limited's Executive Committee (EC) Chairman Barrister Sheikh Fazle Noor Taposh, MP, presiding over the 78th meeting of the EC in the capital recently with Managing Director of Sharmin Group Mohammad Ismail Hossain, Chairman of Labib Group Salahuddin Alamgir, Chairman of Meghna Group Mostafa Kamal, Vice Chairman of Anwar...

Dr. Anwer Hossain Khan, Chairman of the Executive Committee of the Shahjalal Islami Bank

Dr. Anwer Hossain Khan, Chairman of the Executive Committee of the Shahjalal Islami Bank Limited, presiding over the 758th meeting of the committee in the city recently, attended by Managing Director and CEO of the bank M Shahidul Islam and members of the committee

Tariff on more Chinese products ‘very likely to rise’

WASHINGTON, Nov 27 (AFP): US President Donald Trump said Monday he expected to raise the punitive tariff rates on hundreds of billions in Chinese imports as scheduled next year.Just days ahead of a planned meeting with Chinese President Xi Jinping, Trump also vowed to put tariffs on all remaining imports...