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

Automation may eat up 60pc jobs in RMG sector by 2030: Study

The employment situation in major sectors of Bangladesh is likely to face a serious setback by 2030 due to automation, according to a new study. The research by a2i showed that a substantial number of job losses will take place in the readymade garments, agriculture and some other sectors.The job...

Only 17pc smallholder farmers have access to bank loans

Only 17 per cent of smallholder farmers in the country have access to loan service with both specialised and commercial banks, according to a latest survey of the Food and Agriculture Organisation (FAO) of the UN."The role of both government specialised banks and private commercial banks in terms of disbursement...

Govt warns of stern action against any foul play in essentials market

Commerce Secretary Md. Mofizul Islam on Tuesday urged the traders of different specialised business associations to keep stable the prices of essential items ahead or during the month of Ramadan.He also warned of taking stern action against the ones who will try to make the commodities market volatile. The secretary...

Second FSRU starts supplying regasified LNG to nat’l grid

The country's second LNG import terminal started operation on Monday, doubling the country's total LNG regasification capacity to 1,000 million cubic feet per day (mmcfd).The terminal, a floating storage and regasification unit (FSRU) owned by local Summit Group, started supplying regasified LNG to the national gas grid on Monday morning.With...

ADB annual meeting begins in Fiji today

The 52nd annual meeting of the Asian Development Bank (ADB) will kick off today (Wednesday) in Nadi of Fiji with a view to cutting hunger and accelerating economic growth at the Asia and Pacific region.Hundreds of delegates from different countries have thronged the small Pacific island country Fiji to attend...

UCB organises remittance fair

The United Commercial Bank Ltd (UCB) organised a remittance fair at its Nabinagar branch on Monday, says a statement.The objective of the fair was to apprise the customers about UCB's real time remittance service through Upay.Customers, clients and people from different walks of life attended the fair and got informed...

‘CMP to stop extortion during Ramadan’

CHATTOGRAM, Apr 30: Chattogram Metropolitan Police (CMP) chief has sounded warnings to the extortionists, toll collectors ahead of Ramadan, saying the law enforcers will come down heavy on them in the city during the holy month."Police will stop all sorts of extortion and illegal toll collection from all markets in...

Duty hike by BD hits stone boulder import

India-Bangladesh cross border trade of stone boulder has come to a halt following hike in import duty by Bangladesh authority, according to a report by India-based The Economic Times. Thousands of stranded trucks, loaded with the goods, in Indian Land Customs Stations (LCS) at Fulbari and Changrabandha have become a...

EBL arranges syndication loan for Bangla Trac

Eastern Bank Limited (EBL) as the lead arranger and agent has arranged a syndication term loan of Tk 4,656 million for Bangla Trac Power Unit-2 Limited, one of the sister concerns of Bangla Trac Group. The 100 MW HSD Power Plant at Noapara, Jashore has been in commercial operation since...

Eurozone growth beats expectations

BRUSSELS, Apr 30 (AFP): The eurozone economy expanded by a better than forecast 0.4 per cent in the first quarter of 2019, official data showed Tuesday, with Italy breaking free of a recession.The reassuring announcement was a break from a series of worrying economic figures for Europe that showed a...

Khaled Mahmood

Khaled Mahmood, BPDB Chairman; Tarique Ekramul Haque, Managing Director of Bangla Trac Power Unit-2 Ltd., Ali Reza Iftekhar, MD and CEO of Eastern Bank Ltd; and senior executives of the participating lenders posing at a deal closing ceremony of a syndication term loan for Bangla Trac Power Unit-2 Limited in...

90th board meeting of SBAC Bank

Chairman of Board of Directors of South Bangla Agriculture & Commerce (SBAC) Bank Ltd. S. M. Amzad Hossain presiding over its 90th board meeting at the bank's Head Office in the city on Tuesday with Managing Director & CEO Md. Golam Faruque present. The meeting approved the audited balance sheet...