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

Project put on ice as Chinese fund gets uncertain

The implementation of the Cox's Bazar marine drive expressway project, for which China pledged fund, has apparently been put on a back burner.Previously, the government had scrapped a deal with the China Harbour Engineering Company Ltd for the US$2.0 billion project.Another Chinese company has recently shown interest, but no Expression...

Syed Waseque Md Ali (sitting 2nd from R)

Managing Director of First Security Islami Bank Limited Syed Waseque Md Ali (sitting 2nd from R) posing with the trainee assistant officers of the bank after inaugurating a foundation course at FSIBL Training Institute in the capital on Saturday

World Standards Day today

The World Standards Day will be observed in the country as elsewhere in the world today (Monday) with the theme "Video standards create a global stage".Marking the day, President Md Abdul Hamid, Prime Minister Sheikh Hasina, industries minister Nurul Majid Mahmud Humayun, state minister for industries Kamal Ahmed Majumder and...

World Bank slashes India’s growth forecast to 6.0pc

NEW DELHI, Oct 13 (Reuters): The World Bank (WB) slashed on Sunday its growth forecast for India's current fiscal year to 6 per cent, down from 7.5 per cent, warning that the "severe" slowdown could further weaken the country's stuttering financial sector.In its last forecast in April, the bank had...

Senior executives of Modhumoti Bank

Senior executives of Modhumoti Bank Limited and SS Engineering & Construction Limited exchanging documents after signing a MoU on payroll services in the capital recently

Malaysian economy to grow 4.7pc in ‘19

KUALA LUMPUR, Oct 13 (Xinhua): The Malaysian economy is expected to grow by 4.7 per cent in 2019 and 4.8 per cent in 2020 amid external headwinds, said its economic outlook report.Malaysia's Finance Minister Lim Guan Eng said in the report that the growth is underpinned by resilient domestic demand,...

BKB Managing Director Md Ali Hossain Prodhania

Bangladesh Krishi Bank (BKB) Managing Director Md Ali Hossain Prodhania (3rd from left), seen among others, at a day-long review meeting for branch managers' of Chattogram division of the bank at the LGED auditorium in Chattogram on Saturday

Property investors turn to SE Asia amid Hong Kong unrest

KUALA LUMPUR, Oct 13 (AFP): From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralised by increasingly violent protests as well as the China-US trade war.Millions have taken to the streets during four months of pro-democracy demonstrations in the southern Chinese...

Citi pays $30m fine to settle real-estate violations

WASHINGTON, Oct 13 (Reuters): Citibank has agreed to pay a $30 million (23.7 million pounds) fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the US Office of the Comptroller of the Currency (OCC) said on...

IMF to conduct 3rd review of Jordan’s economy

AMMAN, Oct 13 (Xinhua): The International Monetary Fund (IMF) is scheduled to conduct the third review of Jordan's economy in November, an official source said Sunday.A Jordanian delegation will visit the United States next week to discuss Jordan's fiscal and monetary reforms under the existing programme with the IMF, the...

Taiwan tax revenue drops

TAIPEI, Oct 12 (Xinhua): Taiwan's total net tax revenue was 233.3 billion new Taiwan dollars (7.57 billion US dollars) in September, down 4.3 per cent from the same period last year, according to the island's financial authority.The profit-seeking enterprise income tax and individual income tax contributed most to the loss,...