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

Bangladesh eyes trade boost in emerging economic hubs

The government plans to establish three new commercial wings in China, Turkey and South Africa amid the lure of trade bonanza in the world's emerging economic hubs.Commerce Ministry officials informed that the Ministry of Foreign Affairs had already given the green signal while a proposal had been sent to the...

StanChart vows to facilitate growth in trade, investment in EPZs

Standard Chartered Bank, Bangladesh and Bangladesh Export Processing Zones Authority (BEPZA) recently jointly organised a seminar on "Trade Finance Processes for Investors" for the companies based in the Chittagong Export Processing Zone. The seminar took place recently at the Investors Club within the Chittagong Export Processing Zone (CEPZ), said a...

Commerce ministry for Tk 48b fund for jute sector

The commerce ministry has suggested creating a low-cost fund of Tk 48 billion for the jute sector instead of the proposed Tk 100 billion fund. The ministry put forward the suggestion in a letter sent to the finance division last week. It recommended setting up a fund on the model...

Insurance sector moving forward: Muhith

SYLHET, Dec 22 (BSS) - Finance Minister AMA Muhith today said the insurance sector is moving forward across the country due to the development of economic activities over the years. "Insurance is a step against risk. We can get a scenario of the country's economic development from the expansion of...

News Briefs- (23-12-2017)

Best Electronics offers discounts, free home deliveryLeading lifestyle e-commerce platform of Bangladesh - Bagdoom.com and Best Electronics Limited, one of the leading multi-brand electronics retail chain in Bangladesh, have signed a MoU together for the sale of consumer electronics products of Best Electronics on Bagdoom.com website. The deal was signed...

EU, Mexico are 'very close' to new free-trade deal

BRUSSELS, Dec 22 (Reuters): A new free-trade deal between the European Union (EU) and Mexico is 'very close' to agreement but there are still issues such as agricultural access to hammer out, senior officials from both sides said on Thursday.The two parties are aiming to update their 2000 trade accord,...

US launches effort to cut reliance on imports or critical minerals

WASHINGTON, Dec 22 (Reuters): US Interior Secretary Ryan Zinke on Thursday launched an effort to reduce US dependence on foreign supplies of critical minerals used in smartphones, computers and military equipment, which he said poses a national security and economic risk.Under a directive from President Donald Trump, Zinke will work...

Japan's US LPG imports to hit record in 2017

TOKYO, Sec 22 (Reuters): Japan's liquefied petroleum gas (LPG) imports from the United States are expected to double in 2017 to a record and account for around half of its total purchases, government and shipping data showed.The surge comes as shale oil and gas output lifts overall US production to...

ThyssenKrupp steel workers clinch agreement ahead of Tata merger

FRANKFURT AM MAIN, Dec 22 (AFP): Steel workers at German industrial giant ThyssenKrupp have won guarantees that their jobs are secure until 2026, bringing the group a step closer to its planned merger with India's Tata Steel.ThyssenKrupp said late Thursday it had clinched a deal with Germany's powerful IG Metall...

Nestle expects to sell US confectionery business in Q1

LONDON, Dec 22 (Reuters): Nestle expects to sell its US confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts to improve performance at the world's largest packaged food company.Nestle said in June it was exploring strategic options for the more...

BRAC Bank Limited has partnered with Bangladesh Reconditioned Vehicles Importers & Dealers Association

BRAC Bank Limited has partnered with Bangladesh Reconditioned Vehicles Importers & Dealers Association (BARVIDA). Under this partnership, BRAC Bank will provide support to organise annual general meeting and Family Get Together of the association. Mr. Md. Habib Ullah Dawn, President, BARVIDA, and Mr. Selim R. F. Hussain, Managing Director &...

Farman R Chowdhury formally inaugurated the 112th branch of the bank at Halishahar

Managing Director & CEO of Shahjalal Islami Bank Ltd, Farman R Chowdhury formally inaugurated the 112th branch of the bank at Halishahar in Chittagong as Chief Guest Thursday.

Social Islami Bank Limited arranged an art competition on the occasion of Victory Day

Social Islami Bank Limited (SIBL) arranged an art competition on the occasion of Victory Day at the Corporate Office of the Bank recently. The children of employees of the Bank participated in the competition. Mr. Quazi Osman Ali, Managing Director & CEO of the Bank distributed prizes among the children...