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

Bank loans elude returnee workers

Returnee migrant workers are facing difficulties in getting income generating loans from Probashi Kallyan Bank (PKB) due to lack of proper training and counselling about receiving and utilising the fund, insiders have said.Fulfilling the terms and conditions of the loans is not easy for the migrant workers who returned home...

Import onion from multiple countries: CCCI

CHATTOGRAM, Sep 15: In the backdrop of India's imposition of ban on onion export, the Chittagong Chamber of Commerce and Industry (CCCI) has called upon the importers to diversify the source if onion import instead of a particular country.They urged them to import the key cooking spice from different other...

Payra power plant's 2nd unit expected to open in Oct

The second unit of the country's largest coal-fired power plant at Payra in southern Bangladesh is expected to go for commercial operation in first week of October as its trial run already started, an official said, reports BSS."We are expecting that Honourable Prime Minister Sheikh Hasina will inaugurate the 660...

BSTI allows Five-star Energy Rating labels for Konka freezers

The Bangladesh Standards and Testing Institution (BSTI) has allowed the use of the internationally-recognised Five-star Energy Rating labels on five models of the Konka brand refrigerators/ freezers, says a statement.The BSTI gave the permission on September 8 last.From now on, the manufacturer will be able to use the label on...

BEPZA's contribution to exports up by 19.27pc

The contribution of Bangladesh Export Processing Zones Authority (BEPZA) to the national export increased in the fiscal year 2019-20, reports BSS.The operational enterprises of eight EPZs under BEPZA exported goods worth US$ 6.49 billion in the last fiscal, which was 19.27 per cent of the total national export of the...

SM Amzad Hossain

SM Amzad Hossain, chairman of South Bangla Agriculture and Commerce (SBAC) Bank Ltd., recently inaugurated the Offshore Banking Unit (OBU) of the bank at its head office. The bank's vice-chairman and Khulna City Mayor Talukder Abdul Khalek, Director Begum Sufia Amjad, Independent Director Dr Syed Hafizur Rahman and Managing Director...

Dr Zaid Bakht presided over the 682nd board of directors meeting

Agrani Bank Ltd Chairman Dr Zaid Bakht presided over the 682nd board of directors meeting of the bank through videoconferencing on Tuesday. Observer and Bangladesh Bank Executive Director Lila Rashid and Agrani Bank MD and CEO Mohammad Shamsul Islam were also present

Md Abdus Salam Azad presiding over the first taskforce virtual meeting

Janata Bank Limited Managing Director and CEO Md Abdus Salam Azad presiding over the first taskforce virtual meeting of current year of the bank at its head office in the city on Tuesday where, among others, Janata Bank DMDs Md Ismail Hossain, Md Zikrul Haq and Md Abdul Jabbar and...

Takukder Md Zakaria Hossain handing over a chaque for Tk 16 million

Union Insurance Company Limited Chief Executive Officer (CEO) Takukder Md Zakaria Hossain handing over a chaque for Tk 16 million (One crore sixty lakh) to SA Jamil, director (Operation) of ECHO Cotton Mills Ltd, as the fire claim at a function at the office of Insurance Development and Regulatory Authority...

Merkel leads EU talks with China looking to ease tensions

BRUSSELS, Sept 15 (Arab News): German Chancellor Angela Merkel, top European Union officials and Chinese President Xi Jinping held talks Monday focused on trade, trying to reinvigorate slow-moving discussions on an investment agreement and building trust to tackle the thorny political issues harming their ties.Merkel, whose country currently holds the...

Tech, healthcare mega deals boost virus-stricken M&A market

NEW YORK, Sept 15 (Reuters): After adapting to working from home in the Covid-19 pandemic, cash-rich technology and healthcare companies have now mastered dealmaking from home.This week, Nvidia Corp unveiled a $40 billion agreement to acquire chip maker Arm Ltd from SoftBank Group Corp, while Gilead Sciences Inc inked a...

Ex-Nissan executive Kelly's trial begins

TOKYO, Sept 15 (Reuters): Former Nissan Motor Co Ltd executive Greg Kelly denied charges he helped former boss Carlos Ghosn hide income as the American lawyer's trial opened in Tokyo on Tuesday, almost two years after Japanese prosecutors arrested the pair.Kelly, who has been on bail in Japan since his...

Billionaire Steve Cohen agrees to buy the New York Mets

NEW YORK, Sept 15 (Reuters): Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, the two sides said in a statement on Monday."I am excited to have reached an agreement with the Wilpon and Katz families to purchase...

Pandemic-proof Apple to kick off lineup for critical holiday season

WASHINGTON, Sept 15 (Reuters): Apple Inc shares have soared this year even as a pandemic has crippled economies around the world, thanks in large part to booming product sales that have beat Wall Street expectations.On Tuesday, Apple is expected to unveil updates to several key products, including the Apple Watch...