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

Apparel makers looking to grab global PPE market share

With the demand for personal protective equipment (PPE) rising amid the Covid-19 pandemic, a good number of apparel makers have expanded production capacity while some other companies are investing afresh to gain the market share, sources said. As the coronavirus continues its deadly spread across the globe, there is a...

OFID to provide $70m support to offset Covid-19 impacts

The OPEC Fund for International Development (OFID) would provide US$70 million budgetary support to Bangladesh, for the first time, to weather the impacts of the Covid-19 pandemic on the economy.The board of the Vienna-based lender had recently approved the financial package, to be injected into the Bangladesh's national budget for...

36pc want to travel for business, 31pc for leisure purposes amid pandemic: Survey

Some 36 per cent people want to travel for business purposes while some 31 per cent for leisure and 34 per cent for family purposes during the coronavirus pandemic, according to an online survey. Among regular travellers in the domestic sectors, about 33 per cent have already undertaken travel while...

RTHD seeks Tk 4.85b as equity for DMTCL

The Road Transport and Highways Division (RTHD) has sought an allocation of Tk 4.85 billion as equity for Dhaka Mass Transit Company Limited (DMTCL), aiming to meet the company's interim operating costs, sources said.The division has recently asked the finance ministry to take necessary steps to this end.The paid-up capital...

Ataur Rahman Prodhan (top, right) speaking

CEO and Managing Director of Sonali Bank Limited Ataur Rahman Prodhan (top, right) speaking as the chief guest while inaugurating an ATM booth on the premises of the bank's Kurigram branch virtually on Tuesday

Agrani SME Financing Company

Agrani SME Financing Company Ltd., a subsidiary of the Agrani Bank Limited, held its 9th annual general meeting (AGM) virtually on Wednesday, with its Chairman Mohammad Shams-Ul Islam (top, middle) in the chair

Rangpur Metal Industries

Rangpur Metal Industries Limited (RMIL), a sister concern of RFL Group, organised its dealers' conference at a resort in Habiganj recently where top 42 dealers were awarded. Chairman and Chief Executive Officer of PRAN-RFL Group Ahsan Khan Chowdhury, Managing Director of RFL Group RN Paul and other officials were present.

Amazon unveils payment by hand-waving

WASHINGTON, Sept 30 (AFP): Amazon on Tuesday unveiled a new biometric payment system using palm recognition, to be made available to rival retailers and also promoted as a replacement for badge entry at stadiums or workplaces.The system called Amazon One was touted as "a fast, convenient, contactless way for people...

WTO backs EU tariffs on $4.0b US goods over Boeing subsidies

GENEVA, Sept 30 (Reuters): The World Trade Organisation (WTO) has authorised the European Union (EU) to impose tariffs on US goods worth $4.0 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co, people familiar with the matter said.The delayed award provides a fresh source of potential trade...

Shell to cut up to 9,000 jobs in low-carbon transition

LONDON, Sept 30 (Reuters): Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10 per cent of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.Shell, which had 83,000 employees at the end of 2019,...