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

Experts suggest forming blue economy authority

Bangladesh should pay serious attention to properly exploring available blessings from the hitherto untapped blue economy, which could give enough impetus to the country's journey towards becoming a developed nation, businesses and expert said on Sunday.They, at the same time, called upon the country's private sector to concentrate more on...

BD-India meet on transit protocol next month

Bangladesh and India will hold a high-level meeting on the Protocol on Inland Water Transit and Trade (PIWTT) next month to finalise its Standard Operating Procedures (SoP).Both the countries have agreed to update the existing PIWTT which was signed in 1972, Shipping Ministry's acting secretary M Abdus Samad told UNB.Once...

Maiden digital platform for rural women entrepreneurs

Krishti, a flexible, accessible and cost-effective e-commerce platform, has brought a new hope among rural women entrepreneurs as it will help them explore business prospects beyond conventional channels.The initiative, first of its kind in the country, will help spur better business growth as well as financial sustainability for rural women...

Gold edges down

Local jewellers have lowered gold prices to align domestic prices with those of the international market, effective from today (Monday).As per new rates, the price of a gram of 22-carat gold has been fixed at Tk 4,370, down from Tk 4,480, according to a statement issued by the Bangladesh Jewellers'...

BWCCI wins APAC Int'l Chamber of Commerce Award

Bangladesh Women Chamber of Commerce and Industry (BWCCI) has won the APAC 2018 International Chamber of Commerce Award in recognition of its contribution to women empowerment in the country.EventBank, the leading provider of the chamber of commerce management and event management software, recently announced the winners of the 2nd annual...

CPA salvages sunken container from river, forms probe body

CHITTAGONG, Mar 18: Chittagong Port Authority (CPA) has salvaged a goods-loaded container that slipped from a vessel and fell into the Karnaphuli River following an accident in the port jetty.In the accident, three other containers of the cargo vessel were partly damaged, sources at the CPA said.The CPA has constituted...

New country head of State Bank of India

Dr. Prakash Chand Saboo has taken over as the Country Head of State Bank of India's Bangladesh Operations, says a press statement on Sunday. Prior to his new assignment, Dr. Prakash was Zonal Manager at Bhubaneswar, Odisha.He has 23 years of banking experience on Corporate Credit, Branch Operations, Training, IT...

French food fest on Wednesday

A French food festival titled "Gout de France" will be held at Le Meridien Dhaka on Wednesday for the foodies to rejuvenate them with mouth-watering traditional French cuisine, reports UNB.The festival will showcase innumerable variety of French cuisine at latest recipe of the renowned hotel, said a press release.Marie-Annick Bourdin,...

Novoair fresh flights to Rajshahi

Novoair, one of the popular airline of the country, has recently launched its fresh flights to Rajshahi, beginning on April 1, reports UNB.One-way starting fare from Dhaka to Rajshahi will be Tk 2,999, said a press release of Novoair on Sunday.The flight will depart from Dhaka at 10:30am and leave...

Prof Selim Uddin joins BHBFC as Chairman

CHITTAGONG, Mar 18: The government has appointed Professor Dr Md Selim Uddin, FCA, FCMA as Chairman of Bangladesh House Building Finance Corporation (BHBFC).Prof Dr Selim Uddin took over the charges at the HBFC Head Office at Purana Paltan in Dhaka on Sunday, says a statement.Before joining the new post, noted...

Merkel, Xi to work on steel overcapacity within G20

BERLIN, Mar 18 (Reuters): German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.In a telephone discussion, the two newly reelected leaders emphasised close...

Trade protectionism riles Turnbull, Lee

SYDNEY, Mar 18 (Reuters): The leaders of Australia and Singapore closed a regional summit on Sunday with a stand against protectionism, arguing in favour of multi-nation trade deals as fears mount that U.S. plans for new tariffs could stoke a global trade war."We strongly believe that a free, open and...

Cambodia expects about 7.0pc GDP growth this year

PHNOM PENH, Mar 18 (Xinhua): Cambodia's near-term economic outlook remains positive with gross domestic product (GDP) growth expected at around seven per cent in 2018, the International Monetary Fund (IMF) said in a press release on Sunday. "Cambodia's economy continues to grow at around 7.0 per cent, supported by higher...

Angola protest targets amnesty for 'stolen money'

LUANDA, Mar 18 (AFP): Angola saw its first authorised anti-government protest in decades with about 10 people demonstrating Saturday in the capital against an amnesty those who have stashed vast wealth abroad. Despite the paltry turnout, the rally in the centre of Luanda was a milestone and hugely symbolic. Such...

Fed to raise rates with trade tensions on horizon

WASHINGTON, Mar 18 (AFP): The Federal Reserve this week will fire the opening salvo in a series of interest rate hikes this year, hoping to get out in front of an expected pickup in inflation.The first rate hike of the year is overwhelmingly predicted by futures markets, analysts and investors...