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

China biggest trade partner of BD

Bilateral trade between Beijing and Dhaka is growing and China has become Bangladesh's biggest trade partner. "Import and export between the two countries increased by 17 per cent and 7.0 per cent respectively in the last fiscal year," said Chinese Ambassador Zhang Zuo in the capital on Monday.The envoy said...

FMC starts building five ships

CHATTOGRAM, Dec 24: The keel-laying ceremony of five general cargo vessels, being built by FMC Dockyard Limited, was held in Boalkhali upazila of the district on Monday.FMC Dockyard Ltd. Chairman Mohammad Yasin Chowdhury presided over the function at its premises. The vessels, 78.3 meters in length and 3,200 dead weight...

BKMEA set to miss Dec deadline

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) is set to miss the December deadline to build the workers' database of its member factories, sources said. As a result, workers of the factories listed with the BKMEA might be deprived of getting financial assistance from the readymade garment (RMG) sector...

MTB partners with Mastercard

Mutual Trust Bank (MTB) in collaboration with Mastercard announced the launch of the Mastercard World and Mastercard Titanium contactless credit cards at a press briefing in Dhaka on Sunday.Both the credit cards represent the first Mastercard branded contactless credit cards to be launched in Bangladesh, targeting the affluent customers to...

Engineer Mohammad Badrul Hassan presiding over BBS Cables Limited's 10th AGM

BBS Cables Limited Chairman Engineer Mohammad Badrul Hassan presiding over the company's 10th annual general meeting (AGM) on the premises of its factory in Sreepur, Gazipur, recently. The meeting approved 10 per cent cash and 15 per cent stock dividend for 2017-2018

Md. Ahsan-uz Zaman inaugurating the Midland bank's Agent Banking Centre at Jumarbari Bazar

Managing Director & CEO of Midland Bank Limited Md. Ahsan-uz Zaman inaugurating the bank's Agent Banking Centre at Jumarbari Bazar of Shaghata Thana in Bogura on Monday while senior executives of the bank and local elite were present

Italian senators pass budget

ROME, Dec 24 (AFP): The Italian senators on Sunday passed a revised 2019 budget agreed after a tense standoff with European Union which saw the populist government water down key measures.It was passed by a vote of confidence after midnight that avoided debate of around 700 amendments.

S’pore CPI growth falls to 0.3 per cent

SINGAPORE, Dec 24 (Xinhua): Singapore's Consumer Price Index (CPI) grew 0.3 per cent year on year in November, following the 0.7 per cent increase in October, said the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) in a joint release on Monday.The MAS Core Inflation,...

Russian companies seek to issue Eurobonds

MOSCOW, Dec 24 (Reuters): Russian companies seeking to issue Eurobonds are looking into using Russia's National Settlement Depository (NSD) in addition to global settlement and clearing platforms due to the ongoing risk of further US sanctions, a top finance ministry official said.For months Russia has faced uncertainty due to a...

Rupee gains against dollar

MUMBAI, Dec 24 (PTI): The rupee gained 8 paise against the US dollar Monday to trade at 70.10 in on selling of the US currency by exporters and banks.The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said, but choppy trend...

Max India to sell hospital assets

NEW DELHI, Dec 24 (Reuters): Indian healthcare firm Max India Ltd said on Monday it would sell a majority stake in its hospital-operating joint venture to KKR-backed Radiant Life Care Pvt Ltd, resulting in a listed company worth 72.42 billion rupees ($1.03 billion).In a so-called reverse merger, Radiant will buy...

Huawei faces new setbacks in Europe’s telecom mkt

LONDON, Dec 24 (AP): The US dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company's biggest foreign market, where some countries are also starting to shun its network systems over data security concerns.Some European governments and telecom companies are following the US's...

Syed Abu Naser Bukhtear Ahmed chairman of FinExcel seen among participants

Syed Abu Naser Bukhtear Ahmed, chairman of Financial Excellence (FinExcel) Limited, seen among the participants at the inaugural session of a two-day training course on “Fundamentals of Capital Market Services” organised by FinExcel in the city recently

Syed Faruque Ahmed presiding over 17th AGM of ANL

Aamra Networks Limited (ANL) Chairman Syed Faruque Ahmed presiding over the 17th Annual General Meeting (AGM) of the company at Delta Life Conference Hall, Gulshan in the city on Monday. The AGM re-elected Syed Faruque Ahmed and Fahmida Ahmed as chairman and director of the company respectively. The ANL declared...