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

Credit flow to new SMEs dries up

Credit flowing to new small entrepreneurs fell significantly in the first-half of the year as risk-averse bankers were unwilling to offer such loans. The total lending to the fresh small and medium enterprises sector decreased by more than 15 per cent to Tk 112.93 billion in the January-June period of...

Govt set to import 1.4m mts refined fuel oil for six months

The government will import 1.4 million metric tonnes of refined petroleum oil for a six-month period (July-Dec) of the current year from seven state-owned companies of six countries through negotiations, reports UNB. The supplying companies are PTLCL of Malaysia, PTTT of Thailand, BSP Zapin of Indonesia, Enoc of United Arab...

Minister for sustainable trade ties with China

Industries Minister Nurul Majid Mahmud Humayun on Monday called upon the country's business community to work for developing sustainable bilateral trade ties with China, reports BSS."The Bangladesh-China Chamber of Commerce and Industry (BCCCI) has been working proactively for the betterment of bilateral trade and has been providing commendable support to...

Khulna people hail PM for approving big projects

Leaders of different trade bodies, including Khulna Chamber of Commerce and Industry (KCCI) and other organisations, and also individuals hailed Prime Minister Sheikh Hasina's proposal to implement different large projects for the development of Khulna, reports BSS.Other organisations including Khulna City Corporation (KCC), Khulna Development Authority (KDA), entrepreneurs, economists, educationalists...

Bangladesh trade fair in Doha Dec 10-12

Qatar will host a Bangladeshi trade exhibition in December, a press release said.'Made in Bangladesh' - the first-ever Bangladeshi trade fair in the Gulf state, is scheduled to be held in Doha on December 10-12, said the release.The Bangladesh Embassy in the Middle Eastern country and the Bangladesh Forum Qatar...

'MHC' begins work at Mongla port

The newly-introduced Mobile Harbour Crane (MHC) started functioning by unloading containers from a ship from Singapore, namely 'Kota-Ria (container carrier ship)' at the Mongla Sea Port in Bagerhat district, reports BSS.The MPA collected the new container handling equipment with a cost of around Tk 440 million (Tk 44 crore) for...

Thrust on balanced use of chemical fertiliser

Agriculture Minister Dr M Abdur Razzaque has said the country needs to balance the use of nitrogen-enriched fertilisers by farmers to protect the environment from pollution, reports BSS."Most of the farmers are still ignorant about proper use of fertiliser on their crops. This ultimately leads to damage of soil fertility...

China’s economy strains under disappointing data

BEIJING, Sept 16 (AFP): China's economy showed more signs of strain on Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United States.Industrial output grew by 4.4 per cent year-on-year throughout August, falling to its lowest level in...

No-deal Brexit would be ‘disaster,’ warns EU business lobby

BRUSSELS, Sept 16 (AFP) - A shock exit by Britain from the EU without an agreement would be "a disaster", the European employers' organisation, Business Europe, warned on Monday.One of the EU's most powerful lobbies, Business Europe issued the warning just hours before British Prime Minister Boris Johnson is scheduled...

Apple takes fight against 13b-euro EU tax order to court

LUXEMBOURG, Sept 16 (Reuters): Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU's crackdown on tax avoidance by multinational companies.The iPhone maker is expected to send a six-man...

Some 46,000 General Motors auto workers strike in US

DETROIT, Sept 16 (AFP): The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse.The move to strike, which the Wall Street Journal described as the first major stoppage at GM in more...

OxyContin maker Purdue Pharma files for bankruptcy protection

NEW YORK, Sept 16 (Reuters): OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly US opioid epidemic.Purdue's board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to...

Midland Bank's 6th annual general meeting

Midland Bank Limited (MDB) Chairman Mrs. Nilufer Zafarullah (C) presiding over the bank's 6th annual general meeting at the bank's head office in the capital on Saturday while sponsors and directors, Managing Director & CEO Md. Ahsan-uz Zaman and senior executives of the bank were present

Managing Director of Southeast Bank Limited M. Kamal Hossain (L)

Managing Director of Southeast Bank Limited M. Kamal Hossain (L) receiving a certificate and a crest from LGRD and Cooperatives Minister Md. Tazul Islam MP (2nd from R) at a function in the capital recently as the bank stood second among 33 banks for collecting Dhaka Wasa's bill in the...

Deputy Managing Director of Shahjalal Islami Bank

Deputy Managing Director of Shahjalal Islami Bank Ltd. Md. Shahjahan Shiraj (4th from R) inaugurating the bank's 127th branch and an ATM booth at Moheshpur in Jhenaidah district on Monday while senior executives of the bank and local elite were present