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

Train shortage disrupts container transport from Ctg port

CHATTOGRAM, July 29: The transportation of containers by train from Chittagong port has declined due to a shortage of engines and railway staff, resulting in container congestion at the port. Besides, a lack of container trains has led to a reduction in revenue of Bangladesh Railway (BR). Amid growing container...

CITY BANK CAPITAL INAUGURATES RELOCATED BRANCH

CITY BANK CAPITAL INAUGURATES RELOCATED BRANCH City Bank Capital Resources Limited, a premier investment bank and a fully owned subsidiary of City Bank PLC., has recently inaugurated its newly relocated branch at Shanta Western Tower, Level -06, Bir Uttam Mir Shawkat Road, Tejgaon, Dhaka. Aziz Al Mahmood, Chairman, City Bank...

Yields on long-term treasury bonds fall below 11pc

The yields on two types of long-term treasury bonds dropped below 11 per cent on Tuesday as banks opted to invest their excess liquidity in the risk-free instruments.The cut-off yield, generally known as interest rate, on the 15-Year Bangladesh Government Treasury Bonds (BGTBs) came down to 10.48 per cent on...

Romania urged to resume labour recruitment from Bangladesh

Foreign Secretary Asad Alam Siam on Tuesday urged Romania to resume labour recruitment from Bangladesh, stressing the need for finding ways to deepen the engagement in potential areas.He also suggested academic collaboration through joint scholarships, recognition of degrees and academic exchanges between universities of the two countries, reports UNB.The issues...

ICB ASSET MANAGEMENT EARNS ACCOLADE FOR INNOVATIVE INITIATIVE

ICB ASSET MANAGEMENT EARNS ACCOLADE FOR INNOVATIVE INITIATIVE A programme titled 'Innovation Showcasing and Selection of Best Innovative Initiative' was held at the head office of the Investment Corporation of Bangladesh (ICB) on Tuesday, with participation from ICB and its three subsidiary companies. At the event, the idea presented by...

EU-US trade deal could add up to $19b in pharma industry costs, analysts say

The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday, reports Reuters.The added costs could raise prices for consumers unless pharmaceutical companies take action to mitigate...