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

Container movement between Ctg port, other parts of BD remains suspended

Movement of containers between Chittagong port and other parts of the country remained suspended from early hours of Sunday, the day of general election, despite no official restriction on the vehicles carrying export and import cargoes.The port officials, however, said the law enforcers were not in favour of movement of...

Japan to restart commercial whale hunts in July next

Japan says it is to restart commercial whaling in July in a move that is likely to draw international criticism, reports BBC.It said it would withdraw from the International Whaling Commission (IWC), the body tasked with whale conservation.Commercial whaling was banned by the IWC in 1986 after some species were...

Pacific trade pact takes off with tariffs cut in six nations

SYDNEY, Dec 30 (Reuters): A landmark 11-country trade deal, a revamped version of the Trans-Pacific Partnership (TPP), came into force on Sunday with New Zealand's trade minister hailing the opportunities it presented for exporters.The deal, which will slash tariffs across much of the Asia-Pacific region, does not include the United...

Banking sector passes year with sluggish deposits growth

One more a year passed with sluggish growth in deposits in the banking system, though different measures were taken by the government and the central bank to improve the situation. Lower deposit growth is creating liquidity pressure on the money market gradually, which may also put an adverse impact on...

Green shoots amid aviation accidents see off 2018

The achievement in the aviation sector of Bangladesh has been overshadowed by fatal air accidents in the outgoing calendar year 2018.Globally too, the year can be marked as the year of accidents.The deadliest accident involving any Bangladeshi airliner took place on March 12 this year when a scheduled international passenger...

FDI inflow sees uptrend

The inflow of foreign direct investment (FDI) in the first ten months of the outgoing year, 2018, witnessed a moderate rise as was indicated initially.The full data of FDI is available for the first half (January-June) of the year while primary estimation is available for the next four months (July-October).The...

Secondary trading of treasury bills, bonds dips sharply

Secondary trading of the government's fixed income securities declined drastically in the outgoing calendar year, according to the latest statistics of the central bank. It showed that the value of the secondary trading of treasury bills and treasury bonds fell to Tk 120.40 billion in January-November period of 2018 which...

A very Trumpian year

NEW YORK: At the end of 2017, US President Donald Trump's administration and congressional Republicans rammed through a $1.0 trillion cut in corporate taxes, partly offset by tax increases for the majority of Americans in the middle of the income distribution. But in 2018, the US business community's jubilation over...

Trump’s trade game

US President Donald Trump's "America first" trade policy came into full bloom in 2018, and it was an ugly sight to behold. In addition to tariffs on steel and aluminium from Europe and other countries, Trump imposed levies on $250 billion worth of imports from China. By the end of...

Cuba seeks to increase economic efficiency

HAVANA, Dec 30 (Xinhua): After a 1.2 per cent economic growth this year, Cuba seeks to increase its efficiency and exports to reach greater development in 2019, amid financial tensions due to cash constraints and reinforced US sanctions.Although well below the expected 2.0 per cent growth in the country's GDP,...

Italy parliament passes budget after EU standoff

ROME, Dec 30 (BBC): Italy's parliament has approved a revised budget for 2019, amid opposition complaints that it was dictated by the EU.The country's populist government had originally vowed to push through costly campaign promises including a universal basic income.But in October, the European Commission (EC) raised concerns about the...

Canada cannabis firm rejects US takeover bid

MONTREAL, Dec 30 (AFP): Canadian cannabis producer Aphria recently rejected a proposed Can$2.8 billion ($2.1 billion US) takeover bid by US-based Xanthic Biopharma, calling it hostile and under-valued.Green Growth Brands, a division of Xanthic Biopharma, presented a conditional offer of Can$11 per share on Thursday after markets closed.It is offering...

Forex dealers with canceled licences expelled from SRO

MOSCOW, Dec 30 (TASS): Five forex dealers with licenses canceled by the Bank of Russia were expelled from the self-regulated organisation Association of Forex Dealers (SRO AFD), the Association said recently."SRO AFD expelled companies with revoked licenses from December 28 in accordance with laws. Nevertheless, SRO AFD will continue interaction...