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

IDLC net profit sees 1.0pc growth in Q3

IDLC Finance Limited reported net profit after tax of BDT 1,821.51 million in the first 9 months of 2018, posting a 1.0 per cent growth from the same period last year. Earnings per share stands at BDT 4.83 as against BDT 4.90 in the 9 months ending September 2017, said...

Thrust on harnessing BD's untapped opportunities to become digital economy

eGeneration, one of the leading IT consulting and software solutions companies in Bangladesh has recently celebrated their 5 successful major implementations of Microsoft solutions during the July- September quarter recently, said a statement.The company which is the only Bangladesh Licensing Solutions Partner (LSP) of Microsoft has deployed Microsoft solutions in...

6 expos begin Oct 25

A three-day six international expositions on power, construction and real estate sectors of Bangladesh will kick off in Dhaka on October 25.CEMS Global in association with CEMS Bangladesh is going to organize the event aiming at creating a platform for entrepreneurs and consumers to build a productive business network.This was...

Comply with int'l standards for quality and safety

Industries Minister Amir Hossain Amu has asked the Bangladesh Standards and Testing Institution (BSTI) to follow global standards in testing products and certifying quality and safety so that local products can compete in the international market.Testing of products in compliance with the international standards will enable exporters to compete in...

New DMD of AB Bank

Mr. Tarique Afzal has recently been appointed as Deputy Managing Director and Head of Corporate Affairs, Legal & Regulatory concerns in AB Bank. Prior to the appointment, he was the Chief Executive Officer of Sonali Polaris Financial Technology Limited, a joint venture of Sonali Bank & Polaris, India.Mr. Tarique Afzal...

Bangladesh Krishi Bank distributes Shudhyachar prizes

The Bangladesh Krishi Bank (BKB) recently awarded 19 officers and staff of the bank with Shudhyachar awards in recognition of their integrity, and for their contribution to the organisation.They received the awards at the Shudhyachar (Integrity) Award Distribution Ceremony-2017 held during a training workshop at BKB's Staff College auditorium, says...

Ctg businesses demand speedy construction of Bay Terminal

CHATTOGRAM, Oct 15: The Chittagong port is the lifeline of the country's economy and all necessary steps should be taken to improve its cargo handling and infrastructure facilities for smooth export and import activities, Awami League finance and planning secretary Tipu Munshi MP said on Monday.He also said the ruling...

Morocco to host IMF-World Bank 2021 annual meetings

RABAT, Oct 15 (Xinhua): Morocco has been officially nominated as the host of the 2021 annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), Moroccan official MAP news agency reported on Sunday.WBG President Jim Yong Kim, IMF Managing Director Christine Lagarde and Morocco's Economy and...

England's northern ports look to gain from Brexit

IMMINGHAM, United Kingdom, Oct 15 (AFP): Brexit has brought hope to the windswept docks of the Humber River, a key goods gateway in northeast England where tens of millions of pounds are being invested to prepare for a potential increase in shipping.In Immingham, a gritty town of around 11,000 inhabitants...

Beijing bemoans 'confusing' Washington’s signals on trade row

WASHINGTON, Oct 15 (AFP): US President Donald Trump and Chinese leader Xi Jinping will "probably" meet at a G20 summit next month, a US official said Sunday, as both sides deplored a badly strained relationship that a Chinese official called "very confusing.""The presidents will probably meet at the G20 in...

Lira firms as US-Turkey ties improve

ANKARA, Oct 15 (Reuters): Turkish lira rose on Monday on hopes of a thaw in relations between Ankara and Washington.Turkey's stocks also gained while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows.Emerging markets were under pressure on...

Nissan delays UK pay talks

LONDON, Oct 15 (Reuters): Japanese carmaker Nissan, which operates Britain's biggest car factory, has delayed the start of pay talks with its staff in the country until the terms of Brexit become clearer.London and Brussels hope to reach a deal by next month but automakers have triggered contingency plans for...

ICD halts plan for $1.0b fund with India's IL&FS

RIYADH, Oct 15 (Reuters): The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) said on Monday it had halted plans for a $1.0 billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) while the Indian firm undergoes a restructuring.The Indian government took control of IL&FS this...

Walt Disney offers EU antitrust concessions

BRUSSELS, Oct 15 (Reuters): Walt Disney has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc's entertainment assets, the European Commission said on Monday.Disney submitted its proposal on Friday, according to a filing on the EU competition enforcer's website...

US import prices increase 0.5 pc

WASHINGTON, Oct 15 (Reuters): US import prices jumped faster than expected in September amid resurgent energy prices but prices excluding fuels were unchanged.The Labour Department said import prices rose 0.5 per cent last month. That was the largest increase since May and followed a revised 0.4 per cent decrease in...