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

0.1m pieces of rawhide still unsold in Ctg

CHATTOGRAM, Sep 15: The seasonal traders who collected rawhide here during Eid-ul-Azha last month are suffering huge losses with 0.1 million pieces of unsold rawhide they are preserving in storages spending a lot of money to prevent the perishing.Besides, nonpayment of dues for the rawhide bought from them by buyers...

Pran-RFL Group to invest $18m to produce PPE in Adamjee EPZ

Banga Plastic International Limited, a sister concern of Pran-RFL Group, is going to establish a Personal Protective Equipment (PPE) and Toys manufacturing industry with an investment of US$18.08 million in the Adamjee Export Processing Zone, reports BSS.This Bangladeshi company will produce annually 850 tonnes of PPE like surgical face masks,...

Siltation in Karnaphuli blocking navigational channel of Ctg port

CHATTOGRAM, Sept 16: Siltation in the River Karnaphuli is threatening navigability of Chittagong Port.The Karnaphuli Capital Dredging Project, started two years ago to increase the draft of the channels of Chittagong Port has remained stalled for more than one year, threatening navigability of the country's prime seaport.Sources said, plastic materials...

Md Samsul Haque takes over as GM of Agrani Bank

Md Samsul Haque who was promoted as General Manager (GM) of the Agrani Bank Ltd has taken over at the Chattogram circle of the bank, says a statement.He was earlier acting as the head of the Debt Division at the Principal Branch of the bank in his capacity as a...

New mobile app 'Btbegun' launched for BD farmers

A free mobile app, namely 'Btbegun', developed by the Feed the Future (FtF) South Asia Eggplant Improvement Partnership, was launched on Tuesday in the Google play store, says a statement of the Bangladesh Agricultural Research Institute (BARI).An iPhone version of the app is also under development. This new app is...

Top Huawei executives had close ties to company at center of US criminal case

LONDON/SAO PAULO (Reuters): An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer.U.S. authorities allege the giant telecom-gear maker used the firm to skirt American economic sanctions on Iran between 2007 and 2014. Huawei has said it...

U.S. CEO group says it supports carbon pricing to fight climate change

WASHINGTON (Reuters) - The Business Roundtable, a grouping of CEOs from some of the biggest U.S. companies, announced on Wednesday it supports market-based carbon pricing to fight climate change, a shift from the past when the group was divided on the issue.The lobbying group, representing over 200 major U.S. corporations...

BD one of lowest FDI recipients in Asia: US report

The inflow of foreign direct investment (FDI) in Bangladesh is one of the lowest in Asia, according to a latest US government report.The country received FDI amounting to US$3.6 billion in 2018 which was slightly more than one per cent of the country's gross domestic product (GDP) and one of...

France says Lebanese depositors may not get all their cash, minutes show

BEIRUT, Sept 16 (Reuters): A French official has said it might be difficult for Lebanon's banks to prevent savers losing some of their deposits, according to the minutes of a meeting in which France outlined steps to help the crippled banking industry.The comments were made during Sept. 10 talks in...

Dollar dips before Fed meet, Chinese data boosts economic sentiment

NEW YORK, Sept 16 (Reuters): The U.S. dollar fell on Wednesday ahead of the Federal Reserve's economic projections, and as optimism that the global economy is recovering reduced demand for the currency.The Fed's projections will be watched for any new indications on when the U.S. central bank may lift rates...

European space agency signs deal for asteroid defence mission

DARMSTADT, (Germany), Sept 16 (Reuters): The European space agency (ESA) signed a deal worth 129 million euros ($154 million) on Tuesday to make a spacecraft for a joint project with NASA looking at how to deflect an asteroid heading for Earth.NASA is due to launch a spacecraft in June 2021...