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

'Real remittance' income declines in three years

The 'real remittance' earnings of male workers dropped by 26 per cent in 2017 as compared to 2014, if the inflation rate is considered, according to a panel data prepared by Refugee and Migratory Movements Research Unit (RMMRU).But in terms of Bangladesh local currency, their remittance income declined by 11...

Guangdong fair helps BD goods explore China market

The participation of Bangladeshi companies at a four-day trade show in Guangdong has made easier for Bangladeshi products, especially leather and jute goods, to explore market in China, experts observed.The expo titled '2018 Guangdong 21st Century Maritime Silk Road International Expo' was held at Guangdong Modern International Exhibition Center in...

Political stability, curbing graft key to achieving 'Vision 2041'

Speakers at an international conference on Tuesday laid emphasis on ensuring political stability, good governance and corruption-free society for achieving the government's 'Vision 2041 Agenda'. They observed that the rate of the country's gross domestic product (GDP) could be raised by around 2.0 per cent through curbing corruption as it...

Standard Chartered opens business dev office at Uttara EPZ

With a view to expanding capability to better serve Standard Chartered corporate clientele, the Standard Chartered has recently opened a business development office at Uttara Export Processing Zone (EPZ) in Nilphamari, according to a press release.This is the seventh such office after Dhaka, Chattogram, Adamjee, Karnaphuli, Cumilla and Mongla EPZ.The...

ONE Bank launches OK wallet service

ONE Bank Limited launched an OK wallet service to make mobile financial service proposition fast, more secure and more convenient for Bank's core banking customers and mobile banking customers, said a press release. This OK Wallet will cater to wide range of services including cash deposit and withdrawal, in-store shopping...

Citi's GSG head visits Bangladesh

Global Head of Citi's Global Subsidiaries Group (GSG) Marc Merlino visited Bangladesh recently. GSG is a global relationship management team structured to serve the regional and local subsidiaries of Citi's clients consistently around the world. GSG has dedicated teams of coverage bankers located in more than 90 countries acting as...

Managing Director & CEO of IFIC Bank Limited Shah A Sarwar receiving a crest

Managing Director & CEO of IFIC Bank Limited Shah A Sarwar receiving a crest from Director and Head of Corporate and Investment Banking of Citibank, N.A Bangladesh Shams Zaman at the IFIC Bank's head office in the city recently as IFIC Bank wins the 2017 Performance Excellence Award from Citibank,...

Chairman of the board of directors of SBAC Bank SM Amzad Hossain

Chairman of the board of directors of South Bangla Agriculture & Commerce (SBAC) Bank Limited SM Amzad Hossain presiding over the 83rd meeting of the board of directors of the bank at its head office in the city on Tuesday. Managing Director and CEO of the bank Md Golam Faruque...

Home Minister Asaduzzaman Khan Kamal speaking

Home Minister Asaduzzaman Khan Kamal speaking at a function of launching the app-based ambulance service Ezzyr at KIB Complex Convention Hall in the city recently

Eurozone growth slows as Italy woes weigh

BRUSSELS, Oct 30 (AFP): Growth in the eurozone slowed significantly in the third quarter, official data showed on Tuesday, as Italy's economic troubles weighed and car production in Germany was disrupted.Gross domestic product in the 19-country single currency area rose just 0.2 per cent from July to September, the Eurostat...

Merkel urges cos to switch focus from Asia to Africa

BERLIN, Oct 30 (AFP): Chancellor Angela Merkel on Tuesday urged companies to take a closer look at Africa's "huge" economic opportunities, as Germany hopes that development of the continent will help curb illegal migration to Europe."For many years we have been very focused on Asia. I think that in future...

Google to give away $25m to fund humane AI projects

SUNNYVALE, Oct 30 (AP): Google will give away $25 million to projects that propose ways to use the artificial intelligence (AI) of computers to help create a more humane society.The grant programme announced Monday is part of a broader Google initiative called "AI for Social Good" that aims to ease...

Apple to unveil new iPads, Mac in NY

NEW YORK, Oct 30 (AP): New iPads and Mac computers are expected on Tuesday as part of an Apple event in New York (NY).The event is being held at an opera house in Brooklyn, suggesting Apple is pushing products focused on creativity and the arts.As overall tablet sales decline, Apple...