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

Nat'l digital land zoning to start soon: Minister

The government will soon start national digital land zoning work for optimum utilisation of country's land, said land minister Saifuzzaman Chowdhury on Sunday. "We (the government) will soon carry out work on the national digital land zoning project for Mouzas and plots for proper preservation and best utilisation of the...

Guardian Life, Echotex sign group insurance deal

Guardian Life Insurance Limited and Echotex Limited recently signed a group insurance agreement under which all the employees of Echotex Limited will enjoy life insurance coverage along with medical benefits, says a statement.M M Monirul Alam, Chief Executive Officer of Guardian Life, and Syed Abdul Mannan, Finance Director of Echotex...

Rainbow Paints launches 'Service Month'

Rainbow Paints, a popular paint brand of RFL Group, has launched a 'Service Month' for the second time with a view to providing best services to its customers, says a statement. RN Paul, Managing Director of RFL Group, inaugurated the programme on Sunday through an event held at a hotel...

US keen to help Bangladesh private sector diversify export basket

The United States (US) is keen to help Bangladesh private sector in diversifying its export basket reducing dependency on readymade garments (RMG), reports BSS."We're looking at to help Bangladesh with, is how Bangladesh can diversify its private sector to move some of it away from the ready-made garment industry into...

37 cos get land allotment

Some 37 companies have got land allocation in Bangabandhu Hi-Tech City, of which five are currently manufacturing there. They have made investment worth Tk 3.27 billion and created employment for more than 13,000 people in the country's first and the largest hi-tech park, being established on 355 acres of land...

VAT waiver for subscription to online journals

The National Board of Revenue has waived value-added tax (VAT) on subscription to online journals and database by the Bangladesh Academy of Science for its scientists, academicians and researchers.The exemption will remain valid until June 30, 2021.The VAT wing of the revenue board has issued a special order on October...

UK-Bangla co to set up bicycle industry at Adamjee EPZ

UK-Bangladesh joint venture company, M/s Evergreen Cycles Limited, is going to establish a bicycle manufacturing industry in Adamjee EPZ with an investment of US$ 15.50 million, reports BSS.The company will produce 2,00,000 pcs of adult bicycles, kids bicycles and adult electric bicycles per annum where employment opportunities will be created...

333rd Board Meeting of Standard Bank held

The 333rd Board Meeting of Standard Bank Ltd. was held on Thursday on a digital platform.Chairman of the Board of Directors Kazi Akram Uddin Ahmed presided over the meeting. It was also attended by Vice Chairman Md. Zahedul Hoque, Directors Kamal Mostafa Chowdhury, Ashok Kumar Saha, Ferozur Rahman, Md. Monzur...

'Govt trying to create food security sphere for world'

The government is trying to create a food security sphere along with increasing the production of food which will enable the country to make a contribution to the world in this regard.Agriculture secretary Md Mesbahul Islam said this while addressing as the chief guest a reception and views-exchange meeting at...

Amazon tells India regulator its partner Future Retail is misleading public

Amazon.com Inc has complained to India's market regulator that its local partner Future Retail Ltd misled shareholders by incorrectly saying it was complying with its contractual obligations to the US e-commerce giant, a letter seen by Reuters shows.Amazon is locked in a bitter legal dispute with Future Group, which in...

Zambia's risk of default highlights Africa's debt crisis

KAMPALA (Uganda) (AP): Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed for a default on debt owed to private investors.One of the world's top copper producers, Zambia for years has been heavily indebted but now could get an undesired reputation for financial...

Chinese manufacturing expands in October but at slower pace

BEIJING (AP): China's manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the National Bureau of Statistics said Saturday.The Purchasing Managers' Index stood at 51.4, down from 51.5 the previous month, the agency announced. A reading above 50 in the...

COVID-19 hits India's gold-buying sentiment

MUMBAI, Nov 01 (PTI): India's Q3 2020 gold demand fell by 30 per cent to 86.6 tonnes on the back of COVID-19 related disruptions, bleak consumer sentiment and high prices accompanied by volatility, WGC Managing Director, India, Somasundaram PR told the news agency.Gold demand in India dropped by 30 per...

COVID-19 raises govts' food security concerns

CHICAGO, Nov 01 (Reuters): COVID-19 outbreaks are increasing governments' food-security concerns, and importers need US corn and soybeans for the first time in a long time to meet demand, Archer Daniels Midland ADMN Chief Executive Officer Juan Luciano said on Friday.The pandemic has upended supply chains globally, as some consumers...