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

Apparel makers voice concern over 'Nirapon' activities

Apparel makers have raised concern over the activities of recently formed new platform 'Nirapon' alleging that it has been creating confusion over safety standards and adding new cost burden in the name of monitoring and training.They also alleged that Nirapon is creating market for service providers, especially for local training...

Plans underway to develop country's southwest region

The government has planned to develop the southwestern region of the country, providing the scope of land and seaport connectivity and market support for facilitating regional trade.As part of the plan, sources said, two projects have been undertaken to ensure connectivity with Benapole and Bhomra land ports and Mongla seaport...

Rooppur NPP installs reactor support truss at unit-1

The Rooppur Nuclear Power Plant project authority has installed reactor support truss at 1,200-megawatt (MW) capacity at unit-1 of the under-construction plant at Rooppur in Pabna.The support truss was installed on Sunday to fix the reactor vessel in place and to bear its weight loads.It was installed as per the...

HC stays injunction on Chandni Chawk traders' poll

The High Court on Tuesday stayed a trial court order that issued injunction on holding the election of the executive committee of "Chandni Chawk Business Forum" which was scheduled for September 24 last.The HC bench of Justice Khizir Ahmed Choudhury passed the order after hearing a civil revision petition filed...

Senior executives of SSL and LBFL exchanging documents

Senior executives of Software Shop Limited (SSL) and LankaBangla Finance Limited (LBFL) exchanging documents after signing an agreement on digital payment collection in the capital recently. Under the agreement, LankaBangla credit card members and money builders deposit customers can pay their LankaBangla Mastercard and VISA credit card bills and DPS...

Senior executives of Southeast Bank

Senior executives of Southeast Bank Limited and Parkview Hospital Limited, Chattogram displaying the prototype of health card after signing a memorandum of understanding (MoU) between the two companies in the port city on Wednesday. Under this agreement, the hospital will provide priority corporate benefits and medical services to the bank's...

German institutes slash GDP growth forecasts

BERLIN, Oct 02 (Reuters): Germany's leading economic institutes on Wednesday slashed their growth forecasts for Europe's biggest economy for this year and next, blaming weaker global demand for manufacturing goods and increased business uncertainty due to trade disputes.The revisions, which feed into the government's own forecasts, reflect growing concerns that...

US warns Italy over China, 5G

ROME, Oct 02 (AFP): US Secretary of State Mike Pompeo warned Italy Wednesday of China's "predatory approach" to trade and investment, but Rome insisted its special powers over 5G supply deals would protect it."China has a predatory approach in trade and investment" and represents a "mutual threat" to the two...

Dollar steadies after data knocks it off two-yr highs

LONDON, Oct 02 (Reuters): The US dollar edged higher on Wednesday after disappointing manufacturing data had whacked the greenback off two-year highs, while the euro clung to levels above $1.09.US manufacturing contracted at the fastest pace in more than a decade in September, making the United States the latest country...

Japan business confidence drops

TOKYO, Oct 02 (AFP): Confidence among Japan's biggest manufacturers has slipped for the third straight quarter, the Bank of Japan's business survey showed Tuesday, suggesting a stuttering recovery for the world's third-largest economy.The central bank's September Tankan report - a quarterly survey of about 10,000 companies - showed a reading...

Bapex weighs novel method

State-run energy explorer has chalked out a mega programme to boost hydrocarbon discovery using the latest technology. The Bangladesh Petroleum Exploration and Production Company Ltd, or Bapex, will carry out action plans under its short, medium and long term strategy to lift existing natural gas output and will carry out...

BD products becoming popular in KSA: Envoy

Bangladesh Ambassador to the Kingdom of Saudi Arabia Golam Moshi said different Bangladeshi products, including pharmaceuticals, food and readymade garment (RMG), are becoming popular in Saudi market, reports BSS."The demand of Bangladesh's RMG products is increasing in Saudi Arabian market day by day. The economic relations between the two friendly...

Export-import thru Benapole halted

Trades have remained suspended between Bangladesh and India through Benapole Land Port in Jashor since Wednesday morning, reports UNB.Katrik Chakraborty, general secretary of Petrapol Port Staff Welfare Association said export-import activities between the two countries through the Benapole Land Port remained halted as India is celebrating the 150th birth anniversary...

Crazy spike in onion price leaves S Asians in tears

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy, reports Reuters.That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. And dedicated buyers across the region, like Nepalese housewife Seema Pokharel, are...

HFCL gets new MD

Jb. Khondoker Rumy Ehsanul Huq Jb. Khondoker Rumy Ehsanul Huq recently joined as the Managing Director of Hajj Finance Company Limited (NBFI), a Shariah-based non-bank financial institution under the joint venture of Bangladesh and Malaysia.Before joining NBFI, Jb. Huq was the deputy managing director of EXIM Bank. Starting his banking...