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

Prices of essentials to drop soon: Tipu

Acknowledging the recent rising trend in the prices of essentials like onion and ginger, commerce minister Tipu Munshi has said the government is taking steps to help stabilise the commodity market. "We are aware that there has been a tendency of rise in the prices of certain commodities including onion...

BD, Korean delegates meet in Seoul today

Delegates from public and private sectors of Bangladesh and South Korea sit in Seoul today (Wednesday) to explore investment opportunities in the public-private partnership (PPP) projects under government-to-government (G2G) arrangements.Under the Bangladesh-Korea joint platform to be announced during the first meeting, the delegates will hold one-to-one meetings on the projects...

District level committee to monitor loan disbursement for SMEs

The government will form district level committees to provide loan facilities for the development of small and medium enterprises (SMEs).The committees will monitor the collateral free loan disbursement facilities for SMEs including women entrepreneurs at district level, according to a press release.The decision was made at a meeting on Tuesday...

Leather estate in Rajshahi soon

The government will set up a leather industrial estate in Rajshahi soon.The decision was taken at a meeting between Chairman of Bangladesh Small and Cottage Industries Corporation (BSCIC) Md Mustaq Hasan and Rajshahi City Corporation Mayor AHM Khairuzzaman Liton at BSCIC in the capital on Monday, officials said.High government officials,...

WIPO praises Bangladesh for its development

The World Intellectual Property Organisation (WIPO) on Tuesday lauded Bangladesh for its gradual development and position of 'Brand Bangladesh' in the world.A delegation of WIPO came up with the appreciation while meeting with Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M Aminul Islam at BIDA headquarters in the capital,...

Government forming body to support SME entrepreneurs

The government will form a committee to provide loan facilities to the small and medium entrepreneurs (SME) for developing the sector at the district level.The committee will supervise the loan facilities for all SME entrepreneurs, including women, reports BSS.The decision was taken at a joint meeting among the ministries for...

Exports to India will increase: FBCCI chief

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim said exports of Bangladeshi goods to India will be increased, reports UNB.He said this while inaugurating Eastern India Trade Summit-2019 in Kolkata, capital of India's West Bengal state, on Monday.The Confederation of West Bengal Trade...

India business sentiment dips

NEW DELHI, July 16 (Reuters): India's slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on Monday.The aggregate of private-sector companies forecasting output growth during this year fell to...

‘AIIB enters stage of stable dev’

LUXEMBOURG CITY, July 16 (Reuters): The Asian Infrastructure Investment Bank (AIIB) has achieved initial progress as a new-type multilateral development bank over the past three-and-a-half-year since its establishment, and entered the stage of stable development, its president Jin Liqun said.Jin made the remarks after the AIIB concluded its fourth annual...

New UK bank note to have mathematician Turing’s pic

LONDON, July 16 (AFP): The Bank of England on Monday said World War II code-breaker Alan Turing had been chosen to feature on the back of Britain's new £50 bank note ($63, 56 euros)."Alan Turing was an outstanding mathematician whose work has had an enormous impact on how we live...

Atlas Copco calms demand jitters

STOCKHOLM, July 16 (Reuters): Swedish industrial group Atlas Copco on Monday forecast only a slight drop in demand in the third quarter after a rise in second-quarter orders allayed some investor fears of a sharp slowdown.Investors and analysts have grown jittery about the near-term industrial outlook as warnings from a...

J & J quarterly profit jumps

LONDON, July 16 (Reuters): Johnson & Johnson reported a 41.8 per cent rise in second-quarter profit on Tuesday, helped by its pharmaceuticals business.The diversified healthcare company, the first major US drugmaker to report second-quarter results, said net earnings rose to $5.61 billion, or $2.08 per share, from $3.95 billion, or...

Pakistan central bank raises key interest rate to 13.25pc

ISLAMABAD, July 16 (Reuters): Pakistan's central bank raised its main policy rate by 100 basis points on Tuesday to 13.25 per cent, citing increased inflationary pressures and a likely near-term rise in prices from higher utility costs.The increase follows this month's accord with the International Monetary Fund on a $6...

Beijing rebuffs Trump claims over economic slowdown

BEIJING, July 16 (AFP): China rejected claims from US President Donald Trump on Tuesday that it is being forced to make a trade deal because of its slowing economy, as the two sides prepare for more talks.Beijing and Washington have been locked in a stormy trade war that has seen...

Goldman Sachs profit beats estimates

NEW YORK, July 16 (Reuters): Goldman Sachs Group Inc reported a higher-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equities trading revenues.The bank said equities trading revenue increased by 6.0 per cent from a year ago to $2.0 billion, the second highest in four...