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

Call to introduce int'l factoring

FE ReportExperts at a workshop on Monday called for introducing international factoring in Bangladesh to help boost the country's export earnings.They said a suitable policy, availability of fund and cultures related to the financial practices are essential for international factoring.Factoring is a financial transaction and a type of debtor finance...

Don't allow beef import

Business leaders of livestock sector have urged the government not to allow beef import to safeguard local industry.Expressing concern over move to allow import of the redmeat on Monday, they requested the government to refrain from taking such initiative for the sake of the local industry."Rural economy, leather and leather...

DCCI invites Chinese entrepreneurs to invest in Bangladesh

The Dhaka Chamber of Commerce and Industry (DCCI) invited on Monday a visiting delegation of Chinese entrepreneurs to invest in the country's agro-processing sector for mutual benefits of the two countries.The trade body made the request during a meeting between its board of directors and the delegation at the DCCI...

bproperty holds workshop at ERF

Online marketplace bproperty.com organised a knowledge sharing session with the members of Economic Reporters' Forum (ERF) on Monday. Some 71 business journalists from different media attended the workshop at the ERF Auditorium in the city.Mark Nosworthy, chief executive officer (CEO) of bproperty.com, said that they believe everyone has the fundamental...

Govt allocates Tk 4.65b to give loan sans interest to rural people

The government has allocated over Tk 4.65 billion (Tk 465 crore) for giving loan without interest to the insolvent and disabled people in villages to alleviate poverty and discrimination from the country, reports BSS."We have already allocated Taka 464 crore 43 lakh and 25 thousand (over Tk 4.65 billion) under...

India to form new economic bloc excluding Pakistan

NEW DELHI, Sept 08 (BSS): India has decided to forge a new economic bloc of fast growing South Asian countries excluding Pakistan for deeper cooperation to accelerate economic growth in the sub region."India is backing the revival of regional economic bloc, excluding Pakistan as New Delhi presses ahead to deepen...

Japan's economy grows at slower pace

TOKYO, Sept 09 (Reuters): Japan's economy grew at a slower pace than initially estimated in the second quarter as the US-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month.Weakness in the global economy and worsening trade protectionism have...

Russia-China trade grows 4.5 per cent

BEIJING, Sept 09 (TASS): Trade turnover between Russia and China in January-August 2019 grew 4.5 per cent to $70.59 bln, China's General Administration of Customs said on Sunday.According to the data published by the agency, the volume of Chinese exports to Russia showed zero growth the first eight months of...

'Janata Bank Cultutral Society

Chief Executive Officer and Managing Director of Janata Bank Limited Md Abdus Salam Azad (centre) inaugurating 'Janata Bank Cultutral Society', a literature, musical and cultural organisation, by cutting a cake at a ceremony in the city recently

Innovative tool to detect wrong info of IT return

The National Board of Revenue (NBR) will take the help of an innovative tool to find out the wrong information submitted with the income tax return statement, reports BSS.The technological system dubbed as the "Return Processing Tool" invented by the tax zone 10 has already shown its efficiency to detect...

Md Asadul Islam (third from left) giving away a crest and certificate

Senior Secretary of Finance Division of the Ministry of Finance Md Asadul Islam (third from left) giving away a crest and certificate to Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan ((third from right) at a function in the city on Monday

Managing Director and CEO of BD Finance

Managing Director and CEO of BD Finance Limited Tarik Morshed (seated fifth from left) posing with the participants of a foundation training course organised by the company at Seagull in the city recently