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

GPH Ispat exports billet worth $10m to China

GPH Ispat Limited on Tuesday shipped 25,000 tonnes of MS billet worth US$ 10.17 million out to China.It would be the largest ever consignment of the item in terms of volume and value from Bangladesh to any export destination, according to the local steel manufacturer.Commerce Minister Tipu Munshi and Industries...

Karmasangsthan Bank introduces Bangabandhu Jubo Rin

Karmasangsthan Bank introduced Bangabandhu Jubo Rin (Bangabandhu Youth Credit), a loan programme for the trained unemployed youths to observe the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, says a statement. The bank signed two separate MoUs with Bangladesh Small and Cottage Industries Corporation (BSCIC) and Bangladesh...

CPA signs deal for hydraulic survey of Karnaphuli

CHATTOGRAM, Nov 18: Chittagong Port Authority (CPA) signed an agreement with HR Waling Ford Company of the United Kingdom (UK) for hydraulic survey of the river Karnaphuli on Tuesday evening. The High Commissioner of UK to Bangladesh Robert Chatterton Dickson, Chairman of CPA Rear Admiral SM Abul Kalam Azad and...

Govt building 47 buffer godowns for fertilisers

The government is constructing 47 buffer godowns for fertilisers across the country with the purpose of increasing the stock of fertilisers during the peak season and ensure proper distribution among the dealers, reports BSS.Presently, the construction of 13 buffer godowns in different districts under a Tk 6.02 billion project is...

Md. Abdul Mannan joins Sonali Bank as its DMD

Md. Abdul Mannan joined Sonali Bank Limited as Deputy Managing Director on November 01, says a statement. Prior to the appointment, he served as Deputy Managing Director of Karmasangsthan Bank. After completing his B.Com (Hon's) and M.Com degree in Finance from the University of Dhaka, he started his career as...

BD won't lose preferential market access

Commerce secretary Md Jafar Uddin has expressed the hope that Bangladesh would continue to have preferential market access to Swiss market even after the country's graduation to the developing country status in 2024."Bangladesh is going to become a developing country in 2024. The European Union has adopted a policy of...

Vision and Vigo

Vision and Vigo, popular electronics brands of RFL Group, held zonal dealers' conference at RAOWA Club recently. About two hundred and fifty dealers of various sales zones participated in the programme. RN Paul, Managing Director of RFL Group, Nur Alam, Mahbubur Rahman and Rasheduzzaman, Head of Operations of Vision and...

China to push trade agenda at APEC summit as US retreats

KUALA LUMPUR, Nov 18 (AFP): China will get another chance to reshape Asia-Pacific trade at a regional summit starting Thursday, days after securing a huge trade pact victory and with the US playing protectionist defence.The Asia-Pacific Economic Cooperation (APEC) forum, held online this year because of the coronavirus pandemic, brings...

Asian traders cautious as vaccine hopes offset by virus surge

HONG KONG, Nov 18 (AFP): Asian markets mostly rose Wednesday but investors were shifting cautiously as they weighed hopes for a virus vaccine against surging infections around the world that threaten an already stuttering economic recovery.While the mood on trading floors remains broadly optimistic about the long-term outlook, analysts said...

GM warns labour unrest making South Korea untenable

DETROIT/SEOUL, Nov 18 (Reuters): General Motors Co has issued its strongest warning yet that persistent industrial unrest could drive it out of South Korea, just two years after it received a state-backed rescue package to stay.GM workers have been staging two, four-hour strikes daily since Oct. 30 as they demand...

Govt to set up village for handloom entrepreneurs, says Gazi

Textiles and Jute Minister Golam Dastagir Gazi said on Tuesday the government adopted a plan to set up an entrepreneurial village (Uddokta Palli) to improve the socio-economic condition of the weavers and resolve their problems in getting capital, reports BSS."Necessary steps will be taken to create new entrepreneurs in the...

US unveils pavilion for Dubai's Expo 2020

DUBAI, Nov 18 (AFP): Star-spangled and featuring a SpaceX rocket module, the US pavilion at the gigantic Expo 2020 Dubai site was handed over Wednesday less than a year before the delayed launch of the world fair.The six-month mega event, a milestone for the wealthy Gulf emirate which has splashed...

Delhi plans virus curbs as infections rise, critical-care beds run short

NEW DELHI, Nov 17 (Reuters): As India's capital battles its worst phase in the coronavirus pandemic, authorities drew up plans on Tuesday to reinstate some curbs, such as lockdowns of some markets, if necessary, although elsewhere in the nation new infections are falling.India added 29,163 cases over the past 24...

RAKUB disburses Tk 390m CMSME loans

RAJSHAHI, Nov 18: Rajshahi Krishi Unnayan Bank (RAKUB) disbursed Taka 390 million (39-crore) loans to the cottage, micro, small and medium enterprise (CMSME) sector under the government's stimulus package in the country's north-western region in the last five and a half months till November 5.The government announ-ced the bailout package...