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

Three banks to open KSA branches soon

Three commercial banks are set to open branches in Saudi Arabia this year as they got the Bangladesh Bank's go-ahead to this end, officials have said.Sonali Bank, Social Islami Bank and Exim Bank will open branches in compliance with the customary policies of the Muslim country, they added.The branches will...

BGMEA seeks duty cut for US cotton-made RMG export

Apparel industry leaders have urged the US to extend duty benefits for the export of garment items made with US cotton, saying that such incentives would encourage local spinners to set up textile mills there.They also demanded restoration of the GSP (generalised system of preferences) facility for Bangladesh and made...

BD, KSA agree to stop visa trading

Bangladesh and Kingdom of Saudi Arabia (KSA) on Sunday agreed to stop visa trading and work together instead for ensuring 'safe house' for Bangladeshi domestic helps working in Saudi Arabia.The two countries came up with the agreement when Bangladesh State Minister for Expatriates' Welfare and Overseas Employment Imran Ahmed met...

'Showcase Bangladesh' in Malaysia April 24

The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is going to organise "Showcase Bangladesh" in Kuala Lumpur on April 24 for promoting Bangladeshi products in the Malaysian market.The showcase will be held at the Royale Chulan Hotel in Kuala Lumpur for creating brand awareness about the Bangladeshi products and services...

Clean energy summit begins Mar 10

Infrastructure Development Company Limited (IDCOL), a state-run non-banking financial institution, is going to organise an international summit titled 'Bangladesh Clean Energy Summit 2019' at the Bangabandhu International Conference Center (BICC) in the city on March 10-11, reports BSS.Finance Minister AHM Mustafa Kamal is expected to attend the opening session and...

One Bank signs deal with BLPA

ONE Bank Ltd and Bangladesh Land Port Authority (BLPA) recently signed an agreement to set up a banking booth beside the premises of International Passenger Terminal at Benapole, said a press release. ONE Bank Managing Director M Fakhrul Alam and BLPA Member (Development) Md Habibur Rahman signed the agreement on...

BSFF Chairman Syed Mahmudul Huq

Bangladesh Shrimp and Fish Foundation (BSFF) Chairman Syed Mahmudul Huq and Hendrix Genetics (HG) Managing Director Neil Manchester signing an MoU of cooperation in the Netherlands recently

Brexit casts shadow over stands at Geneva car show

LONDON, Mar 03 (Reuters): The usual mix of sports cars, offroaders and family saloons will be on display at the Geneva motor show this week, but with one big difference from previous years - they may be about to become harder and costlier to make, and more expensive to buy.If...

Washington threat looms over foreign firms trading with Cuba

HAVANA, Mar 03 (AFP): US President Donald Trump's administration is brandishing the threat of sanctions against foreign companies "trafficking" with Cuba, a move hitherto mothballed by Washington so as not to offend allies.The White House has broken with two decades of precedent in threatening to activate Title III of the...

China currency becomes key issue in US trade talks

PARIS, Mar 03 (AFP): US officials have said any trade deal with China will include a provision to prevent manipulation of the exchange rate to help exporters but Beijing's currency regime reflects a complex reality.US President Donald Trump, who has accused the Asian giant of artificially undervaluing its currency for...

White House to host CEOs meet for workforce advisory

WASHINGTON, Mar 03 (Reuters): The White House on Wednesday is hosting major chief executives officers (CEOs) who joined a Trump administration advisory board on workforce issues.Last month, the White House said the chief executives of Apple Inc, Walmart Inc, IBM Corp, Lockheed Martin Corp, Siemens USA, Home Depot Inc, Visa...