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

ACI, Asian Paints to pump $ 321m into Mirsarai zone

Leading conglomerate ACI Ltd will invest US$ 315 million in Mirsarai Economic Zone to set up new industrial plants on 100 acres of land to expand existing business.The new ACI industrial unit will create job opportunities for around 5,000 people.Asian Paints will also invest $ 6.70 million in the next...

No concrete steps to revive Ctg-Jeddah shipping route

A plan to revive Chittagong-Jeddah shipping route to facilitate journey of Bangladeshis to Saudi Arabia for performing hajj has been shelved nearly by one year in absence of initiatives by the ministries concerned, officials said.Once there was an arrangement for travelling to the Kingdom of Saudi Arabia (KSA) from the...

High fish, veg prices unsettle consumers

Prices of fish and some vegetables increased last week raising the woes of consumers already buffeted by the jump in prices of essentials.Fish prices, especially those of indigenous, witnessed a hike by Tk 60-Tk 80 a kg last week.Pabda based on size and quality was sold at Tk 600-Tk 950,...

Port users worry over drive against overloaded vehicles

Chittagong 4 Jan: Businesses in Chittagong yesterday expressed concern over the ongoing government drive against overloaded vehicles on the highways, saying it would double the carrying cost of exported and imported goods.Besides, the introduction of the new overload control system will raise the number of transports by 25 per cent...

Dhaka south to offer free WiFi in public places

Dhaka South City Corporation (DSCC) is set to bring all public places under free WiFi coverage from the next month, allowing residents to get uninterrupted internet access, officials said.To facilitate such civic amenity in the era of information of technology, the city corporation will sign an agreement with the state-owned...

Ambassador of Japan to Bangladesh Hiroyasu Izumi visited KAFCO Plant at Rangadia

Ambassador of Japan to Bangladesh Hiroyasu Izumi recently visited KAFCO Plant at Rangadia in Chittagong. The government of Japan through JICA is a major shareholder of KAFCO.

Bangladesh trade, investment summit in Kuala Lumpur in Mar

Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is on a move to organise 'Bangladesh Trade and Investment Summit' in Kuala Lumpur, Malaysia, in March to boost Malaysian investment in Bangladesh and bridge the trade gap between the two countries, reports UNB.Newly-elected members of the Board of Directors of Bangladesh-Malaysia Chamber...

Titas Gas plays with consumer figure

The Titas Gas Transmission and Distribution Company has stopped feeding households for a few years now, but the number of its domestic consumers has grown by 35 per cent between July 2016 and June 2017.The company, one of the six state-owned distribution entities, sells almost 60 per cent of gas...

ICAB Ctg region gets new chair, secy

CHITTAGONG, Jan 4: Md Kamrul Hasan FCA and Md Kamrul Islam have been elected Chairman and Honourary Secretary respectively of the Institute of Chartered Accountants of Bangladesh (ICAB), Chittagong regional committee.Kamrul Hassan is the Chief Financial Officer of KDS group of industries, a big conglomerate of the country.Kamrul Islam is...

India govt seeks parliament nod to spend $12.6b on bank recap plan

NEW DELHI, Jan 4 (Reuters): The Indian government asked parliament on Thursday for 800 billion rupees ($12.62 billion) that it plans to spend by March as part of a two-year programme to recapitalise state banks to help them deal with bad debts and revive credit growth.In October, Finance Minister Arun...

UK firms report brighter Q4

LONDON, Jan 4 (Reuters): Britain's economy appears to have picked up some speed in late 2017 and businesses grew more upbeat about 2018, a closely watched survey showed on Thursday, little more than a year before the country is due to exit the European Union.Separate data showed consumers reined in...

Sterling edges higher on survey data

LONDON, Jan 4 (Reuters): Sterling edged up on Thursday after surveys showed Britain's dominant services sector rebounded strongly last month although investors remained cautious of pushing the British currency higher due to a lack of broad catalysts.The pound also benefited from broad-based dollar weakness and a general rebound in risk...