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

BD losing Tk 192m a year for lack of policy on battery-run vehicles: Report

Bangladesh has been losing Tk 192.5 million a year by not bringing the battery-run three-wheelers under registration and licensing, according to an observation report.Presently, around one million such vehicles are currently plying in the country. Also, over one million employments have been created in this sector, including 58,000 jobs in...

Upgrade education in line with Industry 4.0

Emergence of the Fourth Industrial Revolution (Industry 4.0) is creating new categories of employments, although it is also said to be displacing many traditional jobs.Keeping this in view, speakers at a programme on Wednesday underscored the need for modernising the country's academic curriculum, enhancing collaboration between academia and industry, and...

Govt to prepare inclusive action plan for cities’ dev

The government is working to prepare an inclusive action plan for sustainable development of cities, Planning Minister MA Mannan said on Wednesday.The city-dwellers should be involved in the city development activities, he added. He spoke as the chief guest at a national dissemination workshop on 'Safe and Sustainable Cities: Human...

US, China to conclude trade talks within 'weeks'

WASHINGTON, Mar 13 (AFP): Washington's top trade official on Tuesday said the United States (US) and China are likely to conclude their trade negotiations within "weeks" - but a successful outcome is not assured."Our hope is that we're in the final weeks of an agreement but I'm not predicting one,"...

Lankan parliament finally approves 2019 budget

COLOMBO, Mar 13 (AFP): Sri Lanka's parliament on Tuesday approved the cash-strapped country's 2019 budget, which had been delayed by four months due to a power struggle triggered by President Maithripala Sirisena dismissing the premier.Finance Minister Mangala Samaraweera secured an absolute majority in the 225-member house despite threats from the...

Britain to scrap tariffs on 87pc of imports in no-deal Brexit

LONDON, Mar 13 (AFP): Britain will slash import tariffs in case of a no-deal Brexit and will not apply customs checks on the border with Ireland, the government said on Wednesday.Under the new system, which would come into force if Britain leaves the EU on March 29 without an agreement,...

Greece among best performers in eurozone: IMF

Greece has entered a period of economic growth that puts it "among the best performers in the eurozone," reports BBC.That rather striking judgement comes from the International Monetary Fund in a new report on the Greek economy.A senior IMF official said there were a lot of positive developments to point...

Nissan to stop producing Infiniti cars in UK

LONDON, Mar 13 (AFP): Nissan will stop production of Infiniti cars at its factory in Sunderland, northeast England, the Japanese carmaker said Tuesday, one month after cancelling the plant's plans for the X-Trail SUV.Infiniti Motor Company, a division of Nissan, said in a statement that it would stop production of...

Rupee rises by 8.0 paise to 69.63 vs US dollar

MUMBAI, Mar 13 (PTI): The rupee appreciated by 8.0 paise to 69.63 against the US dollar in opening trade Wednesday, driven by sustained foreign fund flows and higher opening in domestic equity market.The rupee opened at 69.71 at the interbank forex market then gained further ground and touched 69.63, displaying...

Home Minister Asaduzzaman Kamal MP speaking

Home Minister Asaduzzaman Kamal MP speaking at a discussion on great Independene and National Day organised by Sonali Bank unit of Swadhinata Bankers' Parishad, at a city hotel on Wednesday. Sonali Bank Chairman Md Ashraful Moqbul and Chief Executive Officer and Managing Director Md Obayed Ullah Al Masud, were present,...

Norway wealth fund's ethics body to look into BD shipbreaking

OSLO, Mar 13 (Reuters): The ethics watchdog for Norway's $1-trillion wealth fund will focus this year on shipbreaking on Bangladesh, Pakistan and India's beaches, which endangers workers and pollutes the sea and sand, and will also look into pollution caused by pharmaceutical companies. The world's largest sovereign wealth fund, created...

Japan's Q4 expansion may beat estimate

TOKYO, Mar 13 (Reuters): Japan's economy likely expanded faster than initially estimated in the fourth quarter due to stronger business investment, a Reuters poll showed.But a batch of weak recent data such as exports and factory output has raised concerns that weakening global demand and the Sino-US trade war could...

Fed not in any hurry to change rates: Powell

WASHINGTON, Mar 13 (Reuters): Federal Reserve Chairman Jerome Powell said on Sunday the US central bank does "not feel any hurry" to change the level of interest rates again as it watches how a slowing global economy affects local conditions in the United States.Rates are currently "appropriate," Powell said in...

State Minister for Power, Energy and Mineral Resources Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid attending as the chief guest the inauguration of the 9th executive committee of GTCL Officers' Welfare Association at Bangabandhu International Conference Centre in the city recently

News Briefs-(14-3-2019)

Int'l motor show from today A three-day international motor show, along with concurrent expositions of bikes, commercial vehicles and auto parts, will begin in the city today (Thursday) to exhibit new products and solutions to the country's growing consumer class. CEMS Bangladesh in association with CEMS Global is organising the...