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

Govt forms body to boost e-commerce sector

The government has initiated a move to develop the country's e-commerce business in conformity with international standard, an official said.The ministry of commerce (MoC) has formed a committee headed by commerce minister Tofail Ahmed to give an impetus to the sector. The committee will sit with the stakeholders on February...

DCCI wants 2019-21 to be ‘infrastructure years’

The Dhaka Chamber of Commerce and Industry (DCCI) suggested the government declare 2019-2021 to be infrastructure years. The suggestion of the trade body came at a meeting between the board of directors of the DCCI and executive chairman of Bangladesh Investment Development Authority (BIDA) Kazi M. Aminul Islam on Wednesday...

Biman's marketing confce starts tomorrow

After four years, Biman Bangladesh Airlines holds its marketing conference tomorrow (Sunday) aiming to carry out a mid-term review of overall sales performance, which was negative in the last six months, officials said.Biman held the last marketing conference in 2013. This year, the Biman management has identified that most of...

Call to protect consumers' rights

RAJSHAHI, Jan 26 (BSS)- Proper enforcement of the Consumers' Rights Protection (CRP) Law could be the vital means of protecting the consumers' rights together with freeing the human body from any food poisoning and other contamination.The issue of the consumers' rights is accepted throughout the world and in the free-market...

Poverty won't exist: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said Friday that the present government under the leadership of Prime Minister Sheikh Hasina has been working for the overall development of the country."Poverty will not exist, if the common people choose Awami League in the next general elections," he...

ADB looks to partners with AIIB for Asia-Pacific dev

The Asian Development Bank (ADB) expects more cooperation with the Asian Infrastructure Investment Bank (AIIB) in future co-financed projects and other related areas to boost the development of the Asia-Pacific region, a top official of the Manila-based lender said, reports Xinhua.In a recent interview with the news agency at the...

News Briefs-(27-01-2018)

BGCCI holds business seminarA business seminar was hosted by the Bangladesh-German Chamber of Commerce and Industry (BGCCI). The seminar titled as "Pharma Sector of Bangladesh: The Next Big Thing!" discussed the growth potentials of the pharma sector and how it would be one of the most prolific driving forces of...

German ambassador in Dhaka attended a business seminar hosted by BGCCI

German ambassador in Dhaka Thomas Prinz attended on Thursday a business seminar hosted by the Bangladesh-German Chamber of Commerce and Industry (BGCCI) in Dhaka as the special guest. Abdul Muktadir, chairman and managing director of Incepta Pharmaceuticals Ltd, was the keynote speaker at the event.

China's 2017 industrial profits post fastest growth in six years

BEIJING, Jan 26 (Reuters): Profits for China's industrial firms rose at the slowest pace in a year in December as Beijing's anti-smog curbs hit activity, but profits clocked their fastest annual rise in six years as cost cutting and a construction boom helped businesses in 2017.For the full year, profits...

UK economy unexpectedly picks up speed but Brexit effect felt

LONDON, Jan 26 (Reuters): British economic growth unexpectedly picked up speed in the last three months of 2017, according to official data which showed the impact of Brexit still weighing on the economy but not as heavily as once feared by investors.Gross domestic product grew at its fastest pace of...

US new home sales retreat from record heights in December

WASHINGTON, Jan 26 (AFP): Sales of new US single family homes fell sharply last month from November's record heights, but closed out the year solidly above 2016, according to data released Thursday.And despite the December dip, prices continued to climb even as inventories rose, pointing to persistently strong demand among...

Toyota S Africa recalls more than 700,000 cars over airbags

JOHANNESBURG, Jan 26 (AFP): Toyota South Africa Motors said Thursday it had issued a notice to recall more than 700,000 vehicles over airbag safety concerns, with some affected models dating back over 15 years.The Japanese carmaker said the recall was needed to replace front airbag inflators produced by parts firm...

Asian dealers resume dollar selling after Trump rally

HONG KONG, Jan 26 (AFP): The dollar edged back down in Asia on Friday as a Donald Trump-inspired surge petered out with analysts tipping the US unit to continue weakening.The resumption in the greenback's sell-off reversed early gains in Tokyo, which ended down for a third day, though Hong Kong...

ECB survey sees higher inflation in years ahead

FRANKFURT, Jan 26 (Reuters): Euro zone inflation could be faster in the coming years while long-term projections remain steady, the European Central Bank's Survey of Professional Forecasters showed on Friday, underpinning the bank's cautions optimism.Headline inflation could be 1.5 per cent this year and 1.7 per cent next year, both...