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

Coping with automation to be one big challenge for new govt

It has been a decade since the Awami League-led alliance came to power with a promise to build a highly digitized nation, labeled as 'Digital Bangladesh', by the year 2021.Now that the same alliance is taking over the reins for the third consecutive term, leaders within the ICT sector viewed...

Pry textile sees slow investment growth in last five years: BTMA

Bangladesh can attract investment of up to Tk 500 billion in its primary textile sector alone in next five years through addressing existing bottlenecks like inadequate power and gas supply and land scarcity, textile operators said on Monday. According to them, the sector witnessed a slow growth of investments in...

BIDA opens online one-stop service for investors

The Bangladesh Investment Development Authority (BIDA) has started its online one-stop service (OSS) on trial basis ahead of its formal launch to be held in January-end, officials said."The OSS has drawn good responses since it went online on January 5," said BIDA Executive Chairman Kazi M Aminul Islam. Entrepreneurs are...

Egg price rise augments consumers' woes

The prices of egg increased further in the capital this week, augmenting owes of the consumers.The prices of four pieces (one hali) of eggs soared to Tk 36-38 on Monday at the city retail markets from Tk 34-35 earlier.Md Belal Hossain, a grocer at Sankar in Dhanmondi, said he bought...

Smartphone, tab expo begins in city Thursday

The Techshohor Smartphone & Tab Expo (STE) is set to kick off in the capital on Thursday.The three-day exposition is being organised aiming to bring opportunities to the gadget lovers to experience the latest editions of smartphone and tablet computer brands.The 2019 edition of the exhibition will be held at...

News Briefs-(8-1-2019)

President to open DITF tomorrowPresident Abdul Hamid is scheduled to open the 24th edition of Dhaka International Trade Fair (DITF) at Sher-E-Bangla Nagar in the city tomorrow (Wednesday) - the first one to be inaugurated by the Head of the State. "This will be the first time the President will...

Hosendi EZ gets pre-qualification certificate

Bangladesh Economic Zones Authority (BEZA) on Monday gave pre-qualification certificate to private-run Hosendi Economic Zone located at Hosendi union under Gazaria upazila in Munshiganj district.BEZA Executive Chairman Paban Chowdhury handed over the certificate, which leads a step ahead to get final license, to Hosendi Economic Zone Chairman and Managing Director...

US negotiators in Beijing for trade war talks

BEIJING, Jan 07 (AFP): The US and Chinese negotiators held their first face-to-face talks on Monday since the world's two largest economies agreed to a truce aimed at resolving their trade dispute.The visiting delegation, led by Deputy US Trade Representative Jeffrey Gerrish, left its hotel in Beijing Monday morning without...

Assets worth 800b pounds to shift from UK to EU due to Brexit

LONDON, Jan 07 (Reuters): Assets worth nearly 800 billion pounds are being moved from Britain to new financial hubs in the European Union ahead of Brexit, consultancy EY said on Monday.Britain, which is due to leave the bloc in March, has yet to approve a deal to avoid an abrupt...

Tokyo billionaire says 'free cash' tweet most shared of all time

TOKYO, Jan 07 (AFP): Billionaire Japanese tycoon and future space tourist Yusaku Maezawa said on Monday his tweet promising a cash giveaway of nearly $10,000 was the most retweeted ever.The 43-year-old Maezawa posted a tweet on Saturday promising one million yen ($9,250) in cash each to 100 randomly selected followers...

China's forex reserves fall

BEIJING, Jan 07 (Reuters): China's annual foreign exchange reserves fell for the third time in four years in 2018 as the yuan came under strong selling pressure from the cooling economy and escalating Sino-US trade tensions.Depreciation pressure on the yuan is likely to persist this year as Beijing is expected...

BTMA President Md Ali Khokon addressing a press conference

Bangladesh Textile Mills Association (BTMA) President Md Ali Khokon addressing a press conference on 16th International Textile & Garments Machinery Exhibition at BTMA office in the city on Monday — FE Photo

BIFFL and BB exchanging documents after signing a participation agreement

Executive Director & CEO of Bangladesh Infrastructure Finance Fund Limited (BIFFL) S. M. Formanul Islam and General Manager at Sustainable Finance Department of Bangladesh Bank (BB) Manoj Kumar Biswas exchanging documents after signing a participation agreement between the two organisations under the BB's "Refinance Scheme for Green Products/Initiatives" at the...

Pragati Life Insurance and Mir Ceramic signs a group insurance contract

Chief Executive Officer of Pragati Life Insurance Limited Md. Jalalul Azim and Managing Director of Mir Ceramic Limited Mir Nasir Hossain exchanging documents of a group insurance contract signed between the two companies in the capital recently

M. Shahidul Islam distributing blankets among poor people

Managing Director and Chief Executive Officer (CEO) of Shahjalal Islami Bank M. Shahidul Islam distributing blankets among poor people at Begumganj in Noakhali recently as part of the bank’s corporate social responsibility (CSR) activities