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

BD decides to seek fund for five large projects

Bangladesh has formally proposed JICA fund five large infrastructure projects including two in Matarbari area under the 40th ODA loan package, officials said.The government of Japan provides ODA (official development assistance) loan to Bangladesh through Japan International Cooperation Agency (JICA).The Economic Relations Division (ERD) at a recent inter-ministerial meeting unanimously...

Dhaka Bank, IFC sign deal on $ 50m syndicated loan

Dhaka Bank Limited and International Finance Corporation (IFC) recently signed a US$ 50 million syndicated working capital solutions facility agreement. The IFC, private sector investment arm of the World Bank, arranged the facility for the bank with syndication of Bank Muscat, ICICI Bank, The National Bank of Ras Al Khaimah,...

EGCB floats tenders on solar, wind power plants

The Electricity Generation Company of Bangladesh Limited (EGCB) floated two separate tenders last week, inviting separate joint venture (JV) partners to implement a 100 megawatt (MW) solar power plant and a 10 MW wind-based power plant at Sonagazi in Feni district.The state-run company requested interested parties to submit Expression of...

News Briefs-(14-11-2018)

Nepal wants to boost trade with BangladeshNepalese Ambassador in Dhaka Prof Chop Lal Bhusal has said his country is very much interested in boosting trade relations with Bangladesh. He said Nepal has been doing trade and business with Bangladesh through maintaining cordial relations since the post-independence time. "Nepal wants furthermore...

Norway wants to invest more in Bangladesh

Norway is considering making more investment in Bangladesh in the future.Commerce Minister Tofail Ahmed said this to reporters after a meeting with Norwegian Ambassador to Bangladesh Sidsel Bleken at the secretariat office in the city on Tuesday. Terming Norway a friendly country, he said Bangladesh gets special trade benefits under...

Income Tax Fair kicks off in Ctg

CHATTOGRAM, Nov 13: The weeklong Income Tax fair kicked off at the GEC Convention Centre in the port city on Tuesday.Chittagong City Corporation Mayor AJM Nasir Uddin inaugurated the fair by releasing balloons in the sky in presence of tax payers, tax officials, trade body leaders and other dignitaries in...

MD and CEO of Midland Bank Md Ahsan-uz Zaman inaugurating

Managing Director and CEO of Midland Bank Limited Md Ahsan-uz Zaman inaugurating an agent banking centre at Oddirgola Bazar, No. 2 Shabgram Union under Bogura Sadar Thana, in Bogura recently in presence of clients, local elite and businessmen

Chairman of Jamuna Bank AKM Mosharraf Hussain

Chairman of Jamuna Bank Limited AKM Mosharraf Hussain along with Managing Director and CEO Shafiqul Alam and other officials inaugurating the 126th branch of the bank at Charghat in Rajshahi recently

Global growth is slowing, says IMF

Growth is slowing in a number of the world's big economies, and the International Monetary Fund is warning that investor sentiment could make a "sudden reversal" for the worse, reports CNBC."Although still supportive of growth, global financial conditions have started to tighten," the fund said in its latest Regional Economic...

Gas to overtake coal as second largest energy source by 2030

LONDON, Nov 13 (Reuters): Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.The Paris-based IEA said...

Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank

Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank Limited, addressing the training programme on "RMG: Business Financing Risks, Threats and Mitigation" at the bank's head office recently. Additional Managing Director Mohammed Mosharaf Hossain, Deputy Managing Directors Maksudul Hasan and Sultan Ahmed and other executives of the bank were...

Vodafone's new CEO to cut costs

Vodafone's new chief executive Nick Read said he would reduce operating costs by 1.2 billion euros ($1.35 billion) by 2021 and review its tower assets to drive higher returns at the world's second largest mobile operator, reports Reuters.Replacing Vittorio Colao at the top of the British company after the Italian...