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

Time for foreign industries' relocation to BD: Humayun

The ministry of industries (MoI) decided on Thursday to gearing up the ongoing projects' work at the grass-roots level by intensifying the activities of its monitoring teams.Earlier, the MoI had formed seven monitoring teams to oversee the overall activities of project work at the grass- roots level.A high official of...

Sonali maps out expansion plan

The country's largest state-owned commercial bank, Sonali Bank, is planning to bring agent banking along with various digital services very soon to expand its network further, its managing director and chief executive officer said Thursday. The bank's CEO Ataur Rahman Prodhan said the bank has got necessary approval from the...

BaRSA urges govt to allow resuming motorbike ride-sharing services

The ride-sharing companies in the country have urged the government to allow operating motorbike services despite the Covid-19 pandemic.The Bangladesh Road Transport Authority (BRTA) had imposed a ban on all the app-based services in March last on health ground, following the spread of the coronavirus in Bangladesh.Later, the BRTA allowed...

UNIDO DG lauds Bangladesh's economic development

Director General of United Nations Industrial Development Organization (UNIDO) LI Yong has appreciated the exemplary economic development of Bangladesh in recent years and offered all sorts of cooperation from UNIDO, reports UNB. The DG also said Bangladesh can be included in the Programme for Country Partnership (PCP) of UNIDO and...

Kedar Lele new chairman of Unilever Bangladesh

Unilever Bangladesh Ltd has appointed its CEO and Managing Director Kedar Lele as new chairman of the fast moving consumer goods company, reports bdnews24.com.Lele succeeds Kamran Bakar, who had been serving as the firm's chairman since 2012.Its board of directors unanimously elected Lele as chairman at their 180th meeting on...

Indian rupee hits over 5-month high

NEW DELHI, Aug 27 (Reuters): Indian rupee led Asian currencies with a more than half per cent gain on Thursday, adding to this week's central bank-inspired appreciation against the dollar, while South Korean shares sank after Bank of Korea slashed its economic outlook for the year.The rupee had surged 1.0...

Top UAE bank profits surge in Q2 as lending jumps

LONDON, Aug 27 (AN): Profits at the top ten UAE banks jumped by 21.25 per cent in the second-quarter compared to the previous three months as they trimmed costs to cope with the impact of the coronavirus pandemic.Despite challenging market conditions, the banks witnessed a fringe surge in loans and...

S Korea central bank cuts growth outlook on virus fears

SEOUL, Aug 27 (AFP): South Korea's central bank slashed its growth forecast Thursday, predicting the world's 12th-largest economy will shrink more than one per cent this year as it braces for a surge of coronavirus infections.The country had been largely returning to normal after mostly bringing its outbreak under control,...

Saudi investor takes chunk of US synthetic pet food maker

LONDON, Aug 27 (AN): Saudi entrepreneur Prince Khaled bin Alwaleed bin Talal is boosting his involvement in a US company that claims to have produced the world's first animal-free, cultured chicken meat protein for pet food.The vegan son of hotel tycoon Prince Alwaleed is investing for the second time in...

Md Abdus Salam Azad planting a sapling

Janata Bank Ltd CEO and Managing Director Md Abdus Salam Azad planting a sapling on the premises of the bank's area office for Dhaka (West) at Dhanmondi to inaugurate its tree plantation programme marking the martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman