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

WB provides $245m loan to modernise safety-net system

The World Bank (WB) will provide US$245 million worth of loans to modernise the money disbursement system under the social safety-net programmes of Bangladesh.The Washington-based lender signed an agreement with the government in Dhaka on Tuesday, also to improve efficiency and transparency in the system.Economic Relations Division Secretary Kazi Shofiqul...

Manpower export from Ctg region rises in 2017

CHITTAGONG, Jan 09: Manpower export from the Chittagong region increased substantially last year to around 58,000 people, highest in recent years, thanks to necessary services to the outbound workers at home. Some 57, 763 people from the region found overseas jobs, mainly in Saudi Arabia, in 2017 as compared to...

Expo on garment accessories begins Jan 24

A four-day fair related to garment accessories and packaging products, known as 'GAPEXPO' will begin on January 24 in the city's International Convention City Bashundhara (ICCB).The Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) will organise the fair, which is expected to create greater interactions among local and...

Jewellers jack up gold prices, again

Local jewellers have increased gold prices again within two weeks on all categories of gold, effective from today (Wednesday). With the fresh hike, a bhori of gold (22 carat) ornament will stand at Tk 50,738.4, while 21 carat at Tk 48,405.6, 18 carat Tk 43,156.8 and traditional bullion at Tk...

Farmers Bank gets new MD

Md. Ehsan Khasru has recently joined as Managing Director and CEO of The Farmers Bank Limited. He joined the bank on January 07. Before joining this bank, he was working as a consultant to the board of directors of Premier Bank Ltd, according to a statement. He has strong understanding...

Board of directors of Bangladesh Development Bank Limited (BDBL)

Board of directors of Bangladesh Development Bank Limited (BDBL) Monday congratulated its director Sahabuddin Ahmed with a bouquet on his appointment as secretary-in-charge of the ministry of food. Managing director Manjur Ahmed and director Md. Ekhlasur Rahman were also present.

Minister asks CAAB to begin Dhaka airport expansion work

Civil Aviation and Tourism Minister Shahjahan Kamal has directed the officials of Civil Aviation Authority of Bangladesh (CAAB) to start the work of the Third Terminal of Hazrat Shahjalal (RA) International Airport and second phase of Cox's Bazar International Airport soon.He also asked the concerned officials to quickly complete other...

FBCCI to support Tourism Board for holding 10th ICTM

The country's apex trade body on Tuesday assured Bangladesh Tourism Board (BTB) of extebding all-out cooperation for successfully holding the upcoming 10th Islamic Conference of Tourism Ministers (ICTM) in Dhaka.The leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) gave the assurance during a meeting with the...

Cold wave halts salt cultivation

COX'S BAZAR, Jan 09: The ongoing cold wave has badly hampered salt cultivation in the coastal areas as well as fishing in the Bay.As mercury dropped to lower levels, chilly weather has restricted most salt farmers and fishermen to their homes since Saturday, bringing salt production to a halt and...

Swiss National Bank expects record 2017 profit of 54b Sfr

ZURICH, Jan 9 (Reuters): The Swiss National Bank expects an annual profit of 54 billion Swiss francs (Sfr) for 2017, the central bank said on Tuesday, the biggest profit in its 110-year history.The SNB anticipates an annual profit of 49 billion francs from its foreign currency positions, which have swelled...

Gail India tenders to buy LNG cargo for delivery on February 6-22

LONDON, Jan 9 (Reuters): Gail India launched a tender on Sunday to buy liquefied natural gas (LNG) cargo for delivery on February 6-22, according to market sources.Gail India showed healthy demand for LNG after organising a separate tender last week for a January 20-February 10 delivery and earmarked the Dabhol...