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

B'desh among top five LDC growth achievers: UNCTAD

A United Nations agency has said of 45 poorer countries, only five countries including Bangladesh achieved economic growth at 7.0 per cent or higher in 2017, reports UNB.The four other countries are Djibouti (+7pc), Ethiopia (+8.5pc), Myanmar (+7.2pc), and Nepal (+7.5pc) while Bangladesh achieved 7.1pc-plus growth in 2017.The analysis of...

SME policy draft gathers dust on MoI backburner!

A high priority to small and medium enterprise (SME) for Bangladesh's economic development virtually loses much of its importance as the final draft SME policy remained shelved, sources said.They pointed out that the final draft of the SME policy was completed in mid-2016 and supposed to be placed before the...

Diplomat seeks more security steps for Japanese investors

CHITTAGONG, Feb 6: First Secretary of the Japanese Embassy in Bangladesh Takashi Shimokyoda said that many Japanese companies are interested to relocate their industries to other countries among which Bangladesh is on top of the priority list.In this regard, he sought more security measures for the Japanese investors in this...

BTB signs MoU with Chinese institute to boost tea output

Bangladesh Tea Board (BTB) signed a memorandum of understanding (MoU) with Tea Research Institute, Chinese Academy of Agricultural Sciences (TRICAAS) on Tuesday to boost the country's tea production. Director of Bangladesh Tea Research Institute (BTRI) Dr Mohammad Ali and Director of TRICAAS Yajun Yang signed the MoU on behalf of...

10 more banks, institutions sign deal with BB

A participatory agreement was signed between the central bank and 10 more banks and non-banking financial institutions under the re-finance scheme of the 'Second Small and Medium-Sized Enterprise Development Project (SMEDP-2)' on Tuesday.Formed jointly by the Asian Development Bank (ADB) and the government, the refinancing scheme fund of US$240 million...

Toyota posts 54 pc jump in Q3 profit, lifts full-yr forecast

TOKYO, Feb 6 (Reuters): Toyota Motor Corp lifted its full-year profit forecast by 10 per cent on Tuesday after posting its best quarterly operating profit in two years, boosted by a weaker yen and strong sales at home.Japan's biggest automaker now expects operating profit to increase 10 per cent on...

HSL signs deal with STOLL

Hera Sweaters Limited (HSL) signed an agreement with STOLL for the procurement of 400 computerised flat knitting machines in a ceremony at Baridhara in the capital recently, says a statement.Thomas Hoffmann, Bangladesh Country Head of STOLL, and Md Mostaqur Rahman FCMA, Director and Chief Executive Officer (CEO) of HSL, inked...

Radisson Blu Dhaka’s Valentine's Day programmes

Radisson Blu Dhaka Water Garden, one of the world's leading hotels, will offer a retreat of love and ecstasy for lovers on Valentine's Day (February 14), says a statement. On this occasion the Radisson Blu Dhaka Water Garden has taken a massive preparation. With the feeling of romance in the...

BUILD elects Mahbubul Alam as chairman

CHITTAGONG, Feb 6: Chittagong Chamber of Commerce and Industry President Mahbubul Alam has been elected trustee board Chairman of the Business Initiative Leading Development (BUILD).He has replaced Nihad Kabir, President of the Metropolitan Chamber of Commerce and Industry.The BUILD is a public-private dialogue platform that works closely with and gives...

Janata Bank wins SAFA Award

Janata Bank Limited won the 'South Asian Federation of Accountants (SAFA)' Award under the state-owned commercial bank category in an award-giving ceremony in Kathmundhu, Nepal, recently, says a statement.Md Ismail Hossain, Deputy Managing Director of Janata Bank Limited, received the award from Tanaka Moni Dangule, Auditor General of Nepal at...

BNP Paribas Q4 earnings dip

PARIS, Feb 6 (Reuters): BNP Paribas slightly increased its 2020 profitability target on the back of a strengthening European economy, although its quarterly earnings came below expectations due to higher costs and provisions against two specific corporate clients.The French bank's net profit fell to 1.43 billion euros ($1.8 billion) in...

Tata Motors Q3 profit rises about 13-fold

NEW DELHI, Feb 6 (Reuters): India's Tata Motors Ltd has reported about a 13-fold rise in quarterly profit, driven by higher sales from its Jaguar Land Rover (JLR) business after a particularly weak quarter a year earlier.Net profit for the quarter ended December 31 came in at 11.99 billion rupees...

News Briefs--(7-02-2018)

PKSF to establish sales centre for marginal entrepreneurs Palli Karma-Sahayak Foundation (PKSF) will establish a display-cum-sales centre in the capital to help marginal entrepreneurs promote their products. The proposed 13-storey facility in the city's Shyamoly will help beneficiaries under various development programmes of PKSF display and sell their merchandise. PKSF...

Commercial Bank of Ceylon signs Memorandum of Understanding with Transcom Electronics

Commercial Bank of Ceylon signed a Memorandum of Understanding with Transcom Electronics Limited to offer EMI facility on COMBANK credit cards. Najith Meewanage, Chief Operating Officer of Commercial Bank of Ceylon, and Yeamin Sharif Chowdhury, Operations Director of Transcom Electronics Limited, seen at the signing ceremony held in Dhaka.

Modhumoti Bank Ltd signs participatory agreement withBangladesh Bank

Modhumoti Bank Ltd signed participatory agreement with the central bank for utilising Small and Medium-sized Enterprise Development Project-2 fund at the Bangladesh Bank (BB) headquarters in the city on Tuesday. Managing Director and CEO of Modhumoti Bank Md Shafiul Azam and General Manager, Financial Inclusion Department of BB, Md Abul...