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

Postal Dept's income from money order service slumps

Government's resource mobilisation from money order, the once-popular public money transfer machinery which now turns into electronic money transfer service, dropped by more than 95 per cent in last six years.People familiar with the development at Postal Department told the FE that this sorry state of electronic money order service...

Onion price remains high even in harvesting season

Although the newly harvested onion has hit the market, the price of the spice still remained much higher, market observers said. Experts held market syndicates responsible for the higher price while the traders attributed it to delayed arrival of the local variety and surge in import costs.Newly harvested onion, locally...

Denmark to provide Tk 390m for climate adaptation project

The government of Denmark will provide DKK 30 million (Tk 390 milion) to Bangladesh for the 'Climate Adaptation and Resilience Engagement (CARE) in Bangladesh' project, reports BSS.An agreement was signed between the two countries at the NEC-2 Conference Room of the Economic Relations Division (ERD) in the city on Tuesday,...

BTMC seeks to reopen 13 textile mills under PPP

The government has initiated a move to reopen 13 closed state-owned textile mills under public private partnership (PPP), reports UNB.The mills are currently owned by Bangladesh Textile Mills Corporation (BTMC).Official sources said the Ministry of Textile and Jute has taken the move following an administrative order of Prime Minister Sheikh...

Poses for photo before the 1st Plenary of the 11th WTO Ministerial Conference held in Buenos Aires

Commerce Minister Tofail Ahmed flanked by ICC Bangladesh President Mahbubur Rahman and former president of FBCCI Mir Nasir Hossain poses for photo before the 1st Plenary of the 11th WTO Ministerial Conference held in Buenos Aires, Argentina, recently. Also seen in the picture are Commerce Secretary Shubhashish Bose, First Vice-President...

Banks disburse 40.35pc agri loans in five months

Specialised, state-owned and private commercial banks, including foreign commercial banks operating in the country, have already disbursed 40.35 per cent agriculture and non-farm rural credit in past five months from July to November 2017, reports BSS.The scheduled banks have disbursed a total of Tk 82.311 billion (Tk 8,230.88 crore) till...

India plans to commence BBIN motor pact with Nepal, Bangladesh

NEW DELHI: Pending ratification from Bhutan, India plans to operationalise BBIN motor vehicle agreement (MVA) with Bangladesh and Nepal for seamless movement of passenger and cargo vehicles, Indian Parliament was informed on Monday, according to a report published in economictimes.indiatimes.com.Bangladesh, Bhutan, India and Nepal (BBIN) had signed a framework MVA...

Seminar on 'Innovative Solutions on Molecular, Protein, Cell Biology'

Overseas Marketing Corporation (Pvt.) Ltd in association with ThermoFisher Scientific organised a seminar on 'Innovative Solutions on Molecular, Protein & Cell Biology', in the capital recently, says a statement.M A Mannan Bhuiyan, Managing Director of Overseas Marketing Corporation (Pvt.) Limited presided over the programme while the scientific presentation was done...

Business leaders, scientists for pro-active scientific, industrial research

RAJSHAHI, Dec 19 (BSS): Scientists and business leaders at a workshop here have underscored the need for more pro-active scientific and industrial research for benefiting the public in general.They said all the industrial research and findings should be linked to the private entrepreneurs for successful marketing of the products.The observation...

Raising the bar: Local brews make a comeback in Syria

DAMASCUS, Dec 19 (AFP): For years, Abu George's bar in Damascus's Old City served imported beers under portraits of famous foreigners Che Guevara and Marilyn Monroe - but the brews on offer now are Syrian-made.When war broke out in 2011, Syria's two main breweries halted production, leaving consumers sipping on...

Bangladesh seeks enhanced ties for safe migration

Bangladesh has sought an enhanced international cooperation and global governance of migration through adopting a global compact for safe, orderly and regular migration. Permanent Representative of Bangladesh to the UN Ambassador Masud Bin Momen made the request in New York on Monday, reports UNB.

CB Insights ranks Appier among top 100 AI cos

Appier, a technology company, which aims to provide artificial intelligence (AI) platforms to help enterprises solve their most challenging business problems, has been included in the ranking of CB Insights' 100 AI Companies 2018.The Appier has made the list of 100 AI companies for the second time at the recent...

BHP to exit global coal body over climate change policy

SYDNEY, Dec 19 (AFP): The world's biggest miner BHP said Tuesday it would leave the World Coal Association and review its membership of the US Chamber of Commerce membership to show support for action on climate change. The Anglo-Australia giant has been undertaking a review of its industry group memberships...

'Virtual currencies' aren't currencies, ROK says

SEOUL, Dec 19 (Reuters): South Korea's Financial Supervisory Service said on Tuesday it does not consider bitcoin and other cryptocurrencies to be currencies of any kind and would not seek to regulate their trade beyond rules announced last week."All we can do is to warn people as we don't see...

Saudi Arabia will launch tourist visas in early 2018

RIYADH, Dec 19 (AFP): Saudi Arabia will begin issuing tourist visas in the first quarter of 2018, its top tourism official said, a first for the kingdom as it undergoes major economic and social reforms. Prince Sultan bin Salman bin Abdulaziz told the news agency that "all government approvals" are...