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

Vegetable export resumes next week after 1.5-yr gap

After one and a half years, export of five vegetable items from Bangladesh is finally going to resume next week. The sector insiders see it as a big boost in diversifying the country's limited export basket. Following withdrawal of a 'self-imposed restriction' by the state-run Plant Quarantine Wing (PQW), the...

Farm sector sees slight fall in classified loans

Classified loans in the agriculture sector declined slightly in the seven months to January last as banks strengthened recovery drives, officials said.The amount of non-performing loans (NPLs) made to farmers dropped by 0.22 per cent to Tk 52.72 billion (5272 crore) during the July-January period of the fiscal year (FY)...

BFDC losing glitter

The glamour world of heroes and heroines appears to be getting into the twilight as the state-backed film development corporation runs up cumulative losses in an outmoded movie business.Officials said Bangladesh Film Development Corporation (BFDC) stands far off from modern technologies which are badly needed for production of trendy movies.The...

Greater Korean FDI inflow could be a game-changer for BD: Envoy

Bangladesh Ambassador to South Korea Abida Islam has said an enhanced inflow of Korean Foreign Direct Investment (FDI) could be a game-changer for Bangladesh's industrial development."South Korea is one of the largest sources of FDI for Bangladesh and the largest foreign investor in the Export Processing Zones (EPZs). This is...

IDLC 'Purnota Fair 2018'

CEO and Managing Director of IDLC Finance Arif Khan inaugurating 'Purnota Fair 2018' for women entrepreneurs at Public Library Mart in Rangpur recently with Assistant Commissioner Md Mehedi Hasan as the chief guest

News Briefs--(17-03-2018)

Agri technology fair in city With the participation of 15 countries, the latest international agriculture technology fair started in the city on Thursday and it ends today (Saturday). State Minister for Rural Development and Cooperative Moshiur Rahman Ranga inaugurated the 8th edition of the fair showcasing the latest advances from...

Global growth racing but trade battles threaten diversion

LONDON, Mar 16 (Reuters): The global economy is booming, but with growing political uncertainty and the threat of trade skirmishes after the United States imposed tariffs on steel and aluminum imports, a slowdown may not be far away.Global growth will be at its strongest in seven years in 2018, the...

Nike brand president resigns, co probes workplace complaints

Nike's namesake brand President Trevor Edwards has resigned and will retire in August, a company spokeswoman said on Thursday, reports Reuters.Earlier on Thursday the Wall Street Journal, citing an internal memo, reported that Nike had received in recent weeks reports of "behaviour occurring within our organisation that do not reflect...

US industrial output rises on gains in manufacturing, mining

WASHINGTON, Mar 16 (Reuters): US industrial production jumped 1.1 per cent in February, the largest increase in four months, due to a weather-related rebound in construction and a rise in output from the nation's oil and gas fields and mines.Manufacturing output rose 1.2 per cent, the biggest gain since October,...

EU calls for industry input on tariff retaliation list

BRUSSELS, Mar 16 (Reuters): The European Commission called for industry views on Friday on a list of U.S. products it will subject to import tariffs if the United States taxes European steel and aluminum.The Commission asked "private stakeholders" affected by the U.S. tariffs and the EU's possible response by March...

Thai team to explore cooperation in fisheries, agriculture

A high-powered delegation of Thai government will visit Bangladesh next month to witness the ongoing development in the country's fisheries, livestock and agriculture sectors, said officials concerned. Thai Ambassador in Dhaka Panpimon Suwannapongse has informed Fisheries and Livestock Minister Narayan Chandra Chanda of the planned visit. During the visit, the...