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

AIIB confirms $3.0m grant for two RHD projects

Asian Infrastructure Investment Bank (AIIB) has assured Bangladesh of providing necessary technical support for preparing two regional road connectivity projects to be funded by the lender. During their visit to Bangladesh from November 17 to November 22, an AIIB mission confirmed a grant amounting to around US$ 3.0 million for...

WorldRemit banks on cheaper service to expand BD business

WorldRemit, a global digital money transferring giant, is aiming to expand its footprint in Bangladesh by capitalising on the country's strong mobile money culture. To that end, the UK based company is also looking to bolster its partner network by joining hands with local banks and mobile money service providers,...

Armed Forces Income Tax Fair begins (2018-11-29)

A two-day income tax fair began at the Sena Malancha Convention Hall in the city on Wednesday, aiming to facilitate tax-related services for the members of the armed forces.The second edition of the event titled 'Armed Forces Income Tax Fair-2018' is expected to play a vital role in promoting an...

Pepsi, Coca Cola pouring $1.4b into Pakistan: Govt

ISLAMABAD, Nov 28 (Reuters): Pepsi and Coca Cola are set to invest $1.4 billion in Pakistan in coming years, a statement from Prime Minister Imran Khan's office said, after executives from the two companies met with Khan.Pepsi planned to make " a further investment of $1.2 billion" in next five...

BRAC Bank receives award from GBA

BRAC Bank Limited has received the GBA Women's Market Champion Engagement Award from the Global Banking Alliance for Women (GBA), says a statement.The award is given to the GBA members who participate most in the sharing of knowledge through GBA programmes and services in a year.Managing Director and Chief Executive...

Radisson Blu Chattogram Bay View's winter offer

Radisson Blu Chattogram Bay View has brought more delight for the food lovers in Chattogram, the business hub of the country, says a statement.Mezetto at Radisson Blu Chattogram Bay View will offer the steak lovers the best beef options possible in this winter.It hopes the guests will take the tender,...

BPC signs MoU with Nestle

The Bangladesh Parjatan Corporation (BPC) has signed a memorandum of understanding (MoU) with the Nestle Bangladesh Limited in the city recently, aiming to provide improved services for local and foreign tourists, says a statement.Under the MoU, the multinational food and beverages company will supply hygienic foods, bottled drinks, tea, coffee,...

Danish firm to invest $30b in green energy

Danish energy firm Orsted has unveiled an "extensive investment programme" that will see it invest around 200 billion Danish krone ($30.26 billion) in green energy between 2019 and 2025, reports CNBC.Breaking the figures down, Orsted said that investments in offshore wind farms were expected to make up 75 to 85...

Meghna Group inks consortium loan deal

A loan agreement signing ceremony between Meghna Sugar Refinery Ltd., an enterprise of Meghna Group of Industries, and a lenders' consortium of DEG, FMO, OeEB and ICD was held in the city recently. Eastern Bank Limited (EBL) is the facilitator, security agency and accounts bank of this agreement. Mosafa Kamal,...

MMBL Chairman Humayun Kabir inaugurating bank's 34th branch at Chhagalnaiya

Modhumoti Bank Limited (MMBL) Chairman Humayun Kabir inaugurating the bank's 34th branch at Chhagalnaiya, Feni on Wednesday while Managing Director & CEO of the bank Md. Shafiul Azam, senior executives and local elite were present

Global growth may slow further in Q4: WTO

GENEVA, Nov 28 (Reuters): Global growth in merchandise trade is likely to slow further this quarter, the World Trade Organisation (WTO) said, as it published a quarterly indicator showing declines in all seven of the drivers of trade that it tracks.The WTO's quarterly trade outlook indicator showed a reading of...

China's industrial profit growth cools in Oct

BEIJING, Nov 28 (Reuters): Profit growth at China's industrial firms slumped for a sixth straight month in October as demand cooled further amid mounting uncertainties stemming from the US-China trade war.China and the United States have slapped tariffs on billions of dollars of each other's goods, hurting manufacturing and casting...

Swiss voters back insurance co spying

GENEVA, Nov 28 (AFP): Swiss voters have approved a law that gives insurance companies broad leeway to spy on suspected welfare cheats despite a European Court of Human Rights ruling saying that amounted to invasion of privacy.The measure was passed in a referendum that saw two other proposals - a...

Taiwan industrial output index rises

TAIPEI, Nov 28 (Xinhua): Taiwan's industrial production index rose 8.25 per cent year-on-year to 116.38 in October, according to the island's economic affairs authority.The sub-index for the manufacturing sector, which accounted for more than 90 per cent of the industrial production, climbed 9.24 per cent year-on-year to 117.6 in October.The...

BGMEA Acting President SM Mannan posing with family members of 55 workers

BGMEA Acting President SM Mannan (Kochi) posing with the family members of 55 workers and employees of readymade garment factories, who died during their service, after handing over group insurance cheques to them at a ceremony at the BGMEA conference room on Wednesday. BGMEA Vice President (Finance) Mohammed Nasir is...