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

BD, Japan ink $ 1.34b loan, grant deals to finance three projects

Bangladesh and Japan on Sunday signed three loans and grant agreements worth US$ 1.34 billion (144.814 billion yen) to finance three projects, including Matarbari coal power plant.Economic Relations Division (ERD) secretary Monowar Ahmed, Japanese ambassador in Dhaka Hiroyasu Izumi and chief representative of Japan International Cooperation Agency (JICA) in Bangladesh...

Govt set to approve draft SME Policy-2019 today

The government is set to approve the draft SME Policy - 2019 today (Monday), offering special policy and institutional support to boost the potential sector.The Ministry of Industries (MoI) has already drafted the policy by incorporating 11-point strategies, including access to finance and business support services for the SME sector.Other...

Smartphone, tablet expo begins Thursday in city

A three-day exhibition of smartphones, tablets and related gadgets will kick off in the capital on Thursday.The country's major brands will participate in the exposition titled "Smartphone and Tab Expo" at Bangabandhu International Conference Center (BICC).Minister for Posts and Telecommunication Mustafa Jabbar will inaugurate the fair as the chief guest...

Vietnam-EU sign free trade deal

HANOI, June 30 (Reuters): The European Union (EU) signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99 per cent of goods between the trading bloc and Southeast Asian country.It still...

India pitches strongly to deal with fugitive economic offenders

OSAKA, Jun 30 (PTI): India has pitched strongly to deal with fugitive economic offenders, and Prime Minister Narendra Modi has flagged the issue at all global forums, the country's Sherpa to G20 Suresh Prabhu said Saturday."We strongly put forward the need for to deal with fugitive economic offenders. It has...

Beijing opens more sectors to foreign investment

BEIJING, June 30 (AFP): China will soften or lift restrictions on foreign investment in new sectors from July 30, authorities announced Sunday, after Beijing and Washington decided to restart negotiations in their trade war.Foreign investors in China have long complained of unfair treatment, with restrictions covering sectors including maritime transport,...

ECOWAS adopts 'ECO' as name for planned common currency

ABUJA, June 30 (AFP): Leaders of the member states of the Economic Community of West African States, known as ECOWAS, formally agreed Saturday to name a planned common currency the "ECO".The 15-member group announced at the end of a summit in Abuja, the Nigerian capital, that "ECO was adopted as...

BIS urges top central banks to preserve their ammunition

LONDON, June 30 (Reuters): Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.Presenting the annual report of the Swiss-based BIS, dubbed the central bank for the world's central banks, Carstens...

CMCCI holds AGM

CHATTOGRAM, June 30: The ninth Annual General Meeting (AGM) of Chattogram Metropolitan Chamber of Commerce and Industry (CMCCI) was held on Saturday afternoon.The AGM was chaired by CMCCI President Alhaj Khalilur Rahman with Vice President A M Mahabub Chowdhury present.Besides, directors Mohammed Anisuzzaman Bhuyan, Dr Mohoshin Zillur Karim, Ahasanul Alam...

Reliance Home Finance extends NCDs maturity

MUMBAI, June 30 (Reuters): India's Reliance Home Finance Ltd on Saturday said the maturity date for four billion rupees ($58.02 million) of non-convertible debentures (NCDs) has been extended by four months.Reliance Home Finance said the date has been extended till October 31 due to continuing severe liquidity crisis in the...

Takaful Islami Ins reelects chair, vice chair

Anwer Hossain Khan Anwar Hossain Chowdhury Anwer Hossain Khan, MP, has been unanimously reelected Chairman and Emdadul Haque Chowdhury (Emdad) Vice Chairman of the board of directors of Takaful Islami Insurance Limited for the year 2019-2020, says a statement.They were reelected at the 103rd board meeting of the company at...

CTOP wins RCCI board of directors election

The Combined Traders' Oikko Parisahd (CTOP) has won all 18 posts in two groups in the election of board of directors of the Rangpur Chamber of Commerce and Industry (RCCI) for the next two-year (2019-2021) term.The election was held at Police Hall Auditorium in Rangpur city on Saturday, a press...

Senior Secretary of Financial Institutions Division of finance ministry

Senior Secretary of Financial Institutions Division of finance ministry Md. Ashadul Islam and Deputy Managing Director & Managing Director (additional charge) of Bangladesh Development Bank Limited (BDBL) Md. Abdul Matin signing the Annual Performance Agreement (2019-2020) at the conference room of the ministry in the capital recently

Prime Finance

Prime Finance & Investment Limited Chairman Mohammad Masudur Rahim presiding over the 23rd annual general meeting (AGM) of the company at KIB auditorium in the city on Sunday in presence of Managing Director Md Ahsan Kabir Khan

Nepali farmers

POKHARA (Nepal): Nepali farmers sing and dance in muddy water as they plant rice in a field to mark "National Paddy Day," which celebrates the start of the annual rice planting season here on Sunday — AFP