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

Tk 8.90b investment plan to revamp Chhatak Cement Co

Chhatak Cement Company Limited incurred an accumulated loss of over Tk 3.63 billion in last five fiscal years from 2013-14 to 2017-18 mainly due to gradual erosion in production capacity with old, outdated machinery, officials said. They said ropeway, crusher, kiln, overhead crane and some other equipment and machinery are...

BD pays $1.15b to ACU for Nov-Dec imports

Bangladesh has made a routine payment of US$1.15 billion to the Asian Clearing Union (ACU) against imports during the November-December period of last calendar year.After the payment, the foreign exchange (forex) reserve fell to $31.01 billion on Tuesday from $32.09 billion on the previous working day, according to the central...

Imran pledges to cut workers' migration cost

State Minister for the Expatriates' Welfare and Overseas Employment Imran Ahmed on Tuesday assured of reducing the migration cost for the outbound workers as well as taking an initiative to create a returning workers' database.He also made it categorically clear that his ministry will not tolerate any corruption in the...

Mongla EPZ exports rise 16 times in 10 years

The exports from Mongla Export Processing Zone (EPZ) have increased by 16 times in last 10 years. Investments also witnessed a rise by 11 times and about 4,500 people got jobs as well during the period, reports BSS."The EPZ was established on 289 acres of land in 1998 in line...

Sonali Exchange in US posts profit

Sonali Exchange Co Inc., USA, a subsidiary of the state-owned Sonali Bank Limited, saw a significant profit last year after counting a loss in the previous two years, reports BSS. It sent $87.15 million in remittances to Bangladesh in 2018, the highest in the last five years.The Sonali Exchange earned...

Kim visit overshadows US, China trade talks

BEIJING, Jan 08 (AFP): US officials held a second day of trade talks with Chinese counterparts in Beijing on Tuesday, overshadowed by an unannounced visit from North Korean leader Kim Jong Un.This is the first time the two sides have met face-to-face since US President Donald Trump and Chinese leader...

LG Electronics sees 80pc drop in Q4

SEOUL, Jan 08 (Reuters): South Korea's LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 per cent from the same period a year earlier, falling well below analyst expectations.The world's second-biggest television set maker behind compatriot Samsung Electronics Co Ltd estimated profit of 75.3 billion won...

Tokyo to cut JGB issuance for sixth straight year

TOKYO, Jan 08 (Reuters): Japan plans to trim its annual government bond issuance by 3.6 per cent during the financial year beginning April 1, sources with direct knowledge of the plans said, as part of government efforts to curb public borrowing.Japan's finance ministry is planning to issue 129.4 trillion yen...

Officers and employees of industries ministry

Officers and employees of industries ministry greeting new Industries Minister Nurul Majid Mahmud Humayun (left) and outgoing Industries Minister Amir Hossain Amu (right) at the ministry conference room on Tuesday — Photo PID