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

Advance govt planning for stable market run

The government is going for a stocktaking of supplies and prices under an advance planning to keep Ramadan market under control by preventing price-fixing. Under the initiative, government authorities will sit Sunday with country's nearly 50 trade associations and stakeholders to devise a plan ahead of Ramadan so that prices...

WB to provide $100m loan for public financial mgt reform

The World Bank has agreed to provide US$ 100 million in low-cost loan to help the government carry out reform in public financial management.The Washington lender's assurance came after the Economic Relations Division recently sought the support for carrying out the financial management reform needed to achieve the national goals....

Japanese JV claims Tk 200m 'reward' for ending project before deadline

The government is, for the first time, in dilemma with a joint venture (JV) Japanese firm following claim for getting 'acceleration cost' from the company for completing its assigned project work ahead of the deadline.Sources said the firm, assigned to construct three new bridges (Kanchpur, Meghna and Gumti bridges) on...

Check spiralling prices of construction materials

Leaders of Bangladesh Association of Construction Industry (BACI) on Thursday voiced concern over sudden spike in prices of key construction materials. The construction industry is heading for a crisis as a market syndicate has become active to increase prices of key construction materials such as rod, cement, stone chips and...

Prices of poultry birds, fish, veg rise in city

Prices of fish, poultry birds and a few vegetable items increased last week with traders attributing the hike to the rising demands ahead of the Pahela Baishakh festival.Pahela Baishakh, the first day of Bengali new year will be celebrated in the country on April 14.Traders were selling poultry birds (broiler)...

Importers seek BB freight charge payment permission from Sylhet

SYLHET Mar 29: Local trade body leaders have urged Bangladesh Bank (BB) officials to take necessary steps to issue permission to importers for payment of their freight charge at the central bank's local office instead of the present system of getting clearance for the same from the bank's head office...

BBS to prepare business register

Bangladesh Bureau of Statistics (BBS), the country's national statistical organisation, will prepare a detailed business register, encompassing information on all economic units with their basic characteristics. The 32-volume register will be the largest-ever. The labour wing under the BBS disclosed this at an inception workshop held at its headquarters in...

Novoair increases domestic flight frequency

Novoair, a private airline, has decided to increase its flight frequencies on domestic routes considering the rising trend in the number of business travellers and tourists, reports BSS.The announcement came four days after Biman Bangladesh Airlines announced that the national flag carrier had increased its domestic flight frequencies, showing similar...

India set to meet 2017-18 fiscal deficit target

NEW DELHI, Mar 29 (Reuters): India will meet its fiscal deficit target of 3.5 per cent of GDP for the 2017-18 fiscal year ending this month, a top finance ministry official said on Thursday."Quite confident that fiscal deficit will be within 3.5 per cent of GDP," Economic Affairs Secretary Subhash...

News in Brief(30-03-2018)

Two Taiwanese cos set up joint venture capital fund TAIPEI, TAIWAN, Mar 29: Chunghwa Telecom Group, the chief telecommunications company in Taiwan, and PChome Online Inc., the largest ecommerce group in Taiwan, on Thursday announced the creation of joint venture capital fund CHT-PCH NO.1, focusing on the support of e-commerce,...

Beijing warns against sparking global protectionist moves

BEIJING, Mar 29 (Reuters): China warned the United States on Thursday not to open Pandora's Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in a deepening Sino-U.S. trade dispute.China could target a broad range of U.S....

Walton brand ambassador and film actor Ilias Kanchan inaugurating an Exclusive Walton Showroom

Walton brand ambassador and film actor Ilias Kanchan inaugurating an Exclusive Walton Showroom, M/S Riyad Electronics, in Gournadi, Barisal, recently in presence of Gournadi Paurashava Mayor Harisur Rahman and Executive Director Humayun Kabir

BJSA Chairman Mohammad Shahjahan addressing the 39th Annual General Meeting

Bangladesh Jute Spinners Association (BJSA) Chairman Mohammad Shahjahan (2nd from L) addressing the 39th Annual General Meeting of the association at its Conference Hall in the city recently