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

BRI an opportunity for BD, says economist

The Belt and Road Initiative (BRI) is an opportunity for Bangladesh as the country needs a huge sum of money to investment in infrastructure, a leading development economist of the country said on Sunday. "By 2030, Bangladesh requires US$ 928.48 billion in additional investment or $ 67 billion annually …...

Govt to form body today to probe illegal entry of foreign fishing vessels

The government decided on Sunday to take legal action against customs officials responsible for issuing clearance certificate, based on fake documents, in favour of two foreign fishing vessels for entering into Bangladesh's maritime territory. It also decided to form a committee today (Monday) to investigate into the illegal entrance of...

App to hire cargo vessels on waterways launched

A Bangladeshi company has launched a new smartphone application called 'Jahaji' to facilitate hiring cargo vessels plying through inland waterways.The app, first of its kind, will also provide other cargo vessel related services including ship booking, location tracking and virtual marketplace for owners, suppliers, and agents.State Minister for Shipping Khalid...

Humayun urges Japan businesses to invest jointly in auto industry

Industries Minister Nurul Majid Mahmud Humayun on Sunday urged the Japanese investors to invest jointly in Bangladesh's automobile, power and energy, motorcycle, manufacturing and small and medium-sized enterprise (SME) sectors, reports BSS."Japanese investors have already invested in the country's different sectors, including motorcycle and fertiliser. The government (of Bangladesh) will...

JCI to honour 10 youths Sept 18

Junior Chamber International (JCI) Bangladesh will honour 10 youths for their outstanding contributions to different sectors, including business.The award-giving ceremony, styled 'Ten Outstanding Young Persons' (TOYP) will be held at a hotel in the capital on September 18.Leaders of the JCI Bangladesh made the announcement at a meet-the-press at the...

Lebanon wants to sign PTA to boost trade with BD

Lebanon has expressed its interest to strengthen further the trade relations with Bangladesh through signing the Preferential Trade Agreement (PTA), reports BSS."We have received a proposal from Lebanon in this regard. We have sent it to the Tariff Commission for examining," said Sharifa Khan, Additional Secretary of the commerce ministry.Bangladesh...

Liton urges banks to support potential entrepreneurs

Mayor of Rajshahi City Corporation (RCC) A H M Khairuzzaman Liton has called for creating entrepreneurs to boost economic progress in Rajshahi region, reports BSS."All the public and private sector commercial banks should provide financial support to the potential entrepreneurs to promote the entrepreneurship," he said at a regional business...

21,000 youths become skilled workforce

Rangpur Technical Training Centre (TTC) has turned over 21,000 male and female youths into skilled workforce on 32 technical and vocational courses in nine trades in last ten years, reports BSS.Among them, 11,360 male and female youths have got overseas jobs as skilled workforce in 23 countries after completing technical...

Dhaka, Manila to enhance co-op for agro dev

Bangladesh and the Philippines have agreed to exchange information, experience and research in the field of agriculture for its development as well as farmers of the respective countries, said an official handout, reports BSS.Mohammad Nasiruzzaman, Secretary of the Ministry of Agriculture, Bangladesh, joined a meeting with the Philippines Agriculture Ministry's...

China’s exports of goods rise by 2.6pc

BEIJING, Sept 08 (Xinhua): China's exports of goods rose 2.6 per cent year on year in August, while imports fell 2.6 per cent, customs data showed Sunday.Trade surplus stood at 239.6 billion yuan (about 33.79 billion US dollars) last month, expanding 41.8 per cent from one year earlier, according to...

World Bank lauds economic growth prospects in Somalia

MOGADISHU, Sept 08 (Xinhua): The World Bank (WB) has lauded the progress made in realising economic recovery in Somalia, saying it has been steady and sustained.In its economic update on Somalia, the lender said the economy is estimated to have expanded by 2.8 per cent in 2018, compared to 1.4...

UK rail industry reaches key political junction

LONDON, Sept 08 (AFP): Britain's historic rail industry is destined for the biggest shakeup in decades that could end in renationalisation and significant investment to vastly improve services amid costly fares and delays.Full state-control of the industry is a distinct possibility should a looming general election triggered by Brexit turmoil...

Mayor of Sylhet City Corporation Ariful Haq Chowdhury (3rd from L)

Mayor of Sylhet City Corporation Ariful Haq Chowdhury (3rd from L) handing over a crest to NRB Bank Limited Chairman Mohammed Mahtabur Rahman (4th from L) at Nagar Bhaban, Sylhet on Saturday as the city corporation honoured him for receiving the UAE 'Gold Card' Residency visa as the first Bangladeshi

Chief Executive Officer of Manama Developments

Chief Executive Officer of Manama Developments Limited Abrarul Haque and Deputy Managing Director & Chief Business Officer of Mutual Trust Bank Limited (MTB) Syed Rafiqul Haq exchanging documents after signing an agreement on behalf of their respective organisations at the bank's corporate head office in the capital recently. Under this...

President & Managing Director of AB Bank

President & Managing Director of AB Bank Ltd Tarique Afzal (4th from L) on Saturday handing over a cheque to Parvin Akter, widow of Jahangir Alam, a security guard of Millennium Certis who was killed on August 07 during an attempted robbery while on duty at the bank's Board Bazar...