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

ACI now plans home plant to feed US drug market

Local conglomerate ACI is setting up a state-of-the-art pharmaceutical plant at Sonargaon near the capital city of Dhaka to churn out high quality medicine with the US market in sight."The plant will be ready within a year and will be geared for exporting pharmaceuticals to the US market", ACI Chairman...

Syngenta Bangladesh appoints Managing Director

FE Report AMM Golam Towhid has been appointed Managing Director (MD) of the Syngenta Bangladesh Limited. Mr. Towhid joined Syngenta in May 2015 as Head of Marketing and has been a part of the Country Leadership Team of the company, said a press release. As Head of Marketing, he redefined...

Explore caregivers' jobs to reduce women migrants' abuses

FE ReportSpeakers at a programme underscored the need for exploring new avenues of jobs including care-giving and nursing for women outbound workers to help ensure their safety.They also placed a series of recommendations such as improved selection process, pre-departure training, and monitoring system and strong diplomatic initiatives to make sure...

BIFFL AGM approves stock, cash dividends

Bangladesh Infrastructure Finance Fund Limited (BIFFL) held its 7th Annual General Meeting (AGM) recently, says a statement.In the meeting, the shareholders approved the Audited Financial Statement for the FY2017 and declared the stock dividend of Tk 490 million (49.00 crore) in the form of bonus shares leading the company's paid-up...

Cold storage owners in need of govt support

Yasir WardadBumper yield of potato alongside its poor demand has proved a bane of both farmers and cold storage owners in the country, immersing them in further debts, say sector insiders. Lower prices and unsold produce at warehouses, however, caused Tk 125.15 billion losses to the farmers and cold storage...

Daraz arranges Boishakhi Fair

Daraz Bangladesh, an e-commerce platform of the country, has organised a 16-day long Boishakhi Fair where 0.3 million (three lakh) products will be listed in its website (daraz.com.bd) with a discount up to 77 per cent.The fair which was ianugurated in the capital on Friday will continue till the first...

Crop insurance framework at final stage: ADB economist

FE Report A regulatory framework for weather index-based crop insurance is at the final stage to help develop the insurance product, an economist of the Asian Development Bank has said.The framework comprising rules, regulations and guidelines is important for enabling and supporting the development of such a product in the...

BGMEA invites members to book plots

FE ReportA total of 57 export-oriented garment companies have so far applied for land allocation at the Mirsarai special economic zone in Chittagong, according to people familiar with the development.An 'RMG Park' has been planned on 370 acres of land inside the zone.The Bangladesh Garment Manufacturers and Exporters Association on...

‘BD, Philippines can explore bilateral trade opportunities’

FE ReportBangladesh and Philippines need to tap opportunities in the areas like trade, commerce, investment and tourism for their mutual benefits and meeting the increasing demands to expand businesses between the two countries in the wake of emerging global changes.The two Asian countries can leverage on each other's strengths as...