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

Kitchen market monitoring hits a snag in capital

The kitchen market monitoring activities are seriously being hampered as required number of law enforcers are not available for conducting drives against irregularities committed by traders, officials said. The officials and market analysts blame it on the lack of coordination between the monitoring authority and law enforcers, but it is...

DNCRP will install weighing scale to prevent cheating in markets

A new service to help consumers get exact weight of goods purchased in the kitchen markets will be launched at the end of this month, an official said.The service, called 'Ojon Bondhu' (Friend for weighing), is an initiative of the Directorate of National Consumer Rights Protection (DNCRP) to make people...

Set up more veg chilling plants to propel export growth: Experts

Lack of chilling facilities for preserving fresh produce in major vegetable hubs is holding back expected growth of export earnings in the sector, insiders said.As a result, the country's traders are lagging behind their competitors in India, Thailand and Vietnam. Presently, the country has only one chilling and packaging centre...

Uniform reporting format for agents of foreign courier cos

The central bank has issued a reporting format for local agents of foreign courier service companies to bring uniformity in the reporting system.Under the new format, all the local agents will have to submit their statements to the banks concerned following the format, officials said.As per the existing provisions, the...

KWASA to launch bottled water plant in Feb

The Bottled Water Treatment Plant (BWTP) of Khulna Water and Sewerage Authority (KWASA) will be launched next month (February). KWASA would also start selling the bottled water in the same month."The BWTP will go into experimental production this month and commercial production in next month," a KWASA official said, reports...

Participants of a seminar on "Macroeconomic Performance and Export Sector of Bangladesh"

Eminent economist Dr Qazi Kholiquzzaman Ahmad, Professor Dr Muhammad Mahboob Ali and Houston-Downtown University's Professor Dr Anisul M Islam seen with the participants of a seminar on "Macroeconomic Performance and Export Sector of Bangladesh" organised by Dhaka School of Economics at its campus in the city on Saturday

UAE offers $3.0b to support Pakistan’s battered economy

ISLAMABAD, Jan 06 (AFP): The red carpet was rolled out for Abu Dhabi's Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan in Islamabad Sunday, just weeks after his country offered $3.0 billion to support Pakistan's battered economy.In a rare gesture, Prime Minister Imran Khan met Al Nahyan at the Pakistan Air...

Japan to keep close eye on looming risks to global economic recovery

TOKYO, Jan 06 (Reuters): Japan's government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister Shinzo Abe said in an interview aired by public broadcaster NHK on Sunday.Signs of slowing global demand and recent sharp rises in the yen currency...

Trump says little progress as govt shutdown in third week

WASHINGTON, Jan 06 (AFP): Talks aimed at ending a partial US government shutdown which entered its third week on Saturday made little progress but were to continue on Sunday, President Donald Trump said.An impasse with lawmakers over Trump's demand for billions of dollars to pay for a wall on the...

CBI proposes slashing four zeros from falling currency

DUBAI, Jan 06 (Reuters): Central Bank Iran (CBI), has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday.The proposal came after the currency plunged in a year marked by an economic crisis fueled by US sanctions."A bill to remove four zeros from the national currency...

Tesla seeks Trump tariff relief

WASHINGTON, Jan 06 (Reuters): Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer "brain" of its new Model 3 sedan from 25 per cent tariffs imposed in August, saying they threaten the electric carmaker's bottom line."Increased tariffs on this particular part cause economic harm to Tesla,...

Panel nudges RBI to fix dry ATMs problem

NEW DELHI, Jan 06 (PTI): A parliamentary panel has asked the Reserve Bank of India (RBI) to address the problem of perpetually dysfunctional ATMs so as to avoid any situation of forced cash crunch.The Standing Committee on Finance has also asked banks to install adequate number of ATMs. The panel...