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

MFIs witness steep rise in number of loan recipients

The number of microcredit beneficiaries has risen significantly across the country although the rate of interest on the loan is higher than other credits. The total number of loan recipients increased to 24.85 million in June 2017 from 23.11 million in June 2016, according to the latest data released by...

Naf Tourism Park to create 12,000 employments

The proposed Naf Tourism Park will have hotels of international standards, resort, entertainment park, mega shopping mall, cinema, water sports beach, golf club and cable car. Siam Siam International Group, a Thai company, will invest around US$ 500 million for developing all such facilities in the park stretching across 293...

BD to be aviation hub for west-east: Mahbub

New State Minister for Aviation and Tourism Ministry Mahbub Ali on Tuesday said he would work for making Bangladesh as the aviation hub for both west and east Asia as construction of Bangabandhu Mega International Airport is on the cards."The site selection for the Bangabandhu international airport is almost completed....

GP losing out to Robi

Telecom giant Grameenphone is losing the highest number of customers through the roll-out of mobile number portability (MNP) service.Robi, the nearest competitor of the mobile operator, is emerging as the biggest gainer.The MNP, a system that enables a subscriber to change operator without changing their number, was introduced in the...

IFIL launches new products to give better service

The Islamic Finance and Investment Limited (IFIL) has formally launched three new products in order to provide better financial service to its customers.The new products are Mudaraba Asan Deposit Scheme, Raha (Comfort) and Sila Ul Istihlaq (Commodity).Of them, one is deposit scheme and the two others are investment products.IFIL Managing...

'Jhatpot' offers healthy foods at DITF

Local frozen food brand 'Jhatpot' has set up a stall at the venue of Dhaka International Trade Fair (DITF) with the aim to offer healthy foods at lower prices for the visitors.At the general pavilion No 12, Jhatpot is serving to the customers chicken biryani, paratha, singara, samosa, spring roll,...

Mayor Talukder Abdul Khaleque distributing wheel chairs

Khulna City Corporation Mayor Talukder Abdul Khaleque distributing wheel chairs among the physically challenged people as the chief guest at a programme organised by Bangladesh-India Friendship Power Company Limited in Khulna on Monday with SC Pandey, project director of Maitree Super Thermal Power Project, Rampal present

UK business braces for Brexit vote

LONDON, Jan 15 (AFP): Eleventh-hour warnings on the financial fallout of a no-deal Brexit and a cap on trading in pounds-British business on Tuesday braced itself for the UK parliament's vital vote."As MPs prepare to vote on the government's Brexit deal, we urge them to remember they hold the future...

China signals more stimulus as economic slowdown deepens

BEIJING, Jan 15 (Reuters) China on Tuesday signaled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown.The world's second-largest economy will aim to achieve "a good start"...

Volkswagen, Ford to announce automotive alliance

DETROIT, Jan 15 (Reuters): Volkswagen AG and Ford Motor Co are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology, moves meant to save the automakers billions of dollars.Ford and VW will announce...

Chairman of EGCB and Power Division Secretary Dr Ahmad Kaikaus handing over a dummy cheque

Chairman of Electricity Generation Company of Bangladesh Limited (EGCB) and Power Division Secretary Dr Ahmad Kaikaus handing over a dummy cheque for Tk 350 million as dividend to Chairman of Bangladesh Power Development Board Engr. Khaled Mahmood at a ceremony at the EGCB corporate office in the capital recently, with...

Newly elected office-bearers of MCCI, Dhaka

Newly elected office-bearers of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), led by its President Nihad Kabir, greeting Commerce Minister Tipu Munshi with a bouquet at his office on Tuesday