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

Gas supply to soar by 500 mmcfd from Apr

The country's gas supply is likely to increase by 500 million cubic feet a day (mmcfd) from April this year amid an apprehension that there might be a substantial rise in price for consumers.Currently, the gas supply is about 2,550 mmcfd against a demand for over 3,000 mmcfd, reports UNB.The...

MFS transactions surge in 2017

Transactions through mobile financial service platforms posted more than 34 per cent increase in 2017 with continuing the momentum of mobile-based money transactions in the country in recent years. According to the latest figures published by the central bank on Thursday, transactions worth of Tk 3.14 trillion have been made...

Visitors flock to Dhaka trade fair

The Dhaka International Trade Fair (DITF-2018) saw a large number of visitors on Friday, a public holiday, as traders lured them with lucrative offers, gifts, raffle draw and wide range of discounts.The government has extended the duration of the month-long trade fair by four more days till February 04 (Sunday)...

Envoy urges Indian investors to set up JV firms

Bangladesh High Commissioner to India Syed Muazzem Ali on Friday urged the Indian investors to launch joint venture (JV) projects in Bangladesh for mutual benefits of the two close neighbours. "Bangladesh has a huge skilled and semi-skilled young workforce, and the country offers attractive incentives for the development of joint...

News Briefs-(3-02-2018)

Container depot operators get recognition CHITTAGONG, Jan 31: The Inland Container Depots of the country are playing an important role in the national export, import and sea-borne trade. The Bangladesh Inland Container Depot Association deserves to be recognised. Finance Minister AMA Muhith made the remarks while handing over the award...

A M A Muhith hands over Certificate of Merit to president of BICDA Nurul Qayyum Khan

Finance Minister A M A Muhith hands over the Certificate of Merit to president of Bangladesh Inland Container Depot Association (BICDA) Nurul Qayyum Khan (CIP) awarded from the World Customs Organisation on World Customs Day recently for rendering services to the international community.

PM May says Brexit transition deal will be agreed in seven weeks

LONDON, Feb 02 (Reuters): British Prime Minister Theresa May said on Friday that a Brexit transition period will be agreed with the European Union (EU) in seven weeks as she tries to ease concerns that a deal may take longer to reach.The EU has offered Britain a status quo transition...

China’s banking regulator fines 19 banks over $3.0 billion pledged loan fraud

BEIJING, Feb 02 (Reuters): China's banking regulator has imposed fines of 52.5 million yuan ($8.36-million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan ($3-billion) pledged loan fraud, it said on Friday.It is the third major penalty handed down since the...

Sony profits soar more than tenfold, forecast revised up

TOKYO, Feb 02 (AFP): Sony said Friday its nine-month profit had soared more than tenfold, and upgraded its annual profit forecast, demonstrating that its roaring comeback is continuing.With its financial health back on track, Sony said its chief executive Kazuo Hirai would step down after overseeing the successful overhaul of...

Pakistan inflation swells 3.86pc in seven months in FY2018

ISLAMABAD, Feb 02 (Xinhua): The Pakistan Bureau of Statistics (PBS) said that average inflation in the country increased by 3.86 per cent during the first seven months of the Financial Year 2018 as against the same period of last year.As per the official data, the inflation rate in the South...

Japan LNG imports hit five-year high as cold bites

SINGAPORE, Feb 02 (Reuters): Japanese imports of liquefied natural gas (LNG) hit their highest in at least five years in January, with shipments expected to continue at a brisk pace this month as freezing weather keeps its grip on the world's top buyer of the fuel.Japan's imports of LNG rose...

Deutsche Bank blames US tax reforms for 2017 loss

FRANKFURT AM MAIN, Feb 02 (AFP): Germany's biggest lender Deutsche Bank said Friday that Donald Trump's tax reforms in the US pushed it into the red in 2017.The Frankfurt-based bank said in a statement that its net loss amounted to 512 million euros ($640 million) last year, narrower than the...