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

Govt to provide BKB with Tk 2.3b interest subsidy

The government is set to provide Tk 2.3 billion as interest subsidy to Bangladesh Krishi Bank (BKB), finance ministry officials said.The Financial Institutions Division (FID) has asked the finance division to take necessary action for releasing the fund, they added.Earlier, the state-owned bank sought the fund from the FID. The...

Block account facilities for jute sector may cause losses to banks, BB opines

Banks concerned are likely to suffer financial losses if the country's jute sector is allowed block account facilities, the central bank has opined.It may also create liquidity crisis including drop in profits in the banking sector, it said. The Bangladesh Bank (BB) has given its opinion in response to a...

Thrust on developing young entrepreneurship

Mercantile Bank Limited arranged a get together with young entrepreneurs under its special loan scheme 'Udayan' held at bank's Training Institute in the city on Monday, said a statement.Kazi M. Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA), was present as the chief guest while Bank's Chairman A.K.M....

FBCCI team off to KSA

As entourage of the Prime Minister Sheikh Hasina, a high powered business delegation of the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) left Dhaka for Saudi Arabia on Tuesday. Sheikh Fazle Fahim, Senior Vice President of FBCCI is leading the 11- member business delegation, said a statement.FBCCI Business...

BD inches towards green power goal

Bangladesh's electricity generation from renewable sources passed the 5.0 per cent mark recently with the opening of a major new solar power plant.Experts say this achievement has boosted the hopes that the country may meet its goal of getting 10 per cent of power from renewables by 2020, reports Thomson...

Meghna Bank opens 'Platinum Savers Account'

The Retail Banking division of Meghna Bank Limited has launched a new product, named 'Platinum Savers Account' at a ceremony in the capital, says a statement.Managing Director and Chief Executive Officer (CEO) Adil Islam inaugurated the new product of the Retail Banking Division at the head office of the bank...

"Self Leadership, Advanced Managerial Skills & 21st Century Managerial Mindset"

Mamun-Ur-Rashid, Managing Director & CEO of Standard Bank Limited, inaugurated a two day-long training on "Self Leadership, Advanced Managerial Skills & 21st Century Managerial Mindset", organised by the Training Institute of the Bank recently. Alkona K. Choudhuri, SEVP & Head of Human Resources Division of SBL, Md. Saif Noman Khan,...

"Sombavona Simahin, Record Gori Protidin"

Amancem launched a mega campaign titled "Sombavona Simahin, Record Gori Protidin" for its dealers & retailers as a promotional campaign of world tours. Md. Rafiqul Islam, Group Chairman & Managing Director, seen with the directors and senior officials on the occasion

Dr. Sheikh Mohammad Rezaul Islam

Dr. Sheikh Mohammad Rezaul Islam, Additional Secretary, Ministry of Finance and Executive Director of Insurance Development & Regulatory Authority (IDRA), handing over a death claim cheque for Tk 8.17 million to the nominee of late Abu Kawser, a policyholder of Prime Islami Life Insurance Limited at Satkania, Chattagram recently. Mohammad...

IDCOL and SSPL exchanging documents

Chief Executive Officer of state-owned Infrastructure Development Company Limited (IDCOL) Mahmood Malik and Managing Director of Sympa Solar Power Limited (SSPL) Florian Bennhold exchanging documents after signing a Tk 694 million term loan facility agreement on behalf of their respective organisations in the city Monday in presence of Additional Secretary...

Beijng unveils plan for Hainan free trade zone

BEIJING, Oct 16 (Reuters): China on Tuesday granted the southern province of Hainan free trade zone (FTZ) status, vowing to significantly ease restrictions on foreign investment on the island in sector from agriculture to medical services.Known for its sandy beaches and resort-lined coast, Hainan is the headquarters of China's aviation-to-financial...

Trade dispute, Brexit weigh on German investor morale

BERLIN, Oct 16 (Agencies): German investor confidence plunged sharply in October, the ZEW economic institute said on Tuesday, as German export firms fret over a worsening trade spat between China and the United States.The ZEW's closely-watched monthly barometer fell by 14.1 points to -24.7, the steepest drop recorded since Britain...

More banking executives pull out of Saudi confce

LONDON, Oct 16 (Reuters): The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, the latest business leaders to abandon the event amid widespread concern about the fate of a journalist. "John Flint will no longer attend...

China’s NIO delivers 3,268 SUVs in Q3

BEIJING, Oct 16 (Reuters): Chinese electric carmaker NIO Inc said on Monday it delivered 3,268 electric SUVs in the third quarter, exceeding its own target of 2,900-3,000 vehicles.While the China national holiday and the planned maintenance will slow its deliveries for October, it remained on track to achieve delivery goal...

Zonal Heads' Conference-2018 of Uttara Bank

Managing Director and CEO of Uttara Bank Limited Mohammed Rabiul Hossain and Additional Managing Director Mohammed Mosharaf Hossain attending with others the Zonal Heads' Conference-2018 of the bank at its head office in the capital recently