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

BD may allow Bhutan to use Ctg and Mongla ports

Bangladesh is likely to provide transshipment facility to Bhutan under which the land-locked country will be able to use Chittagong and Mongla ports for its international trade, officials said.A deal in this regard is likely to be signed during the visit of the Bhutanese Prime Minister to Dhaka on April...

Inspection authority fails to eliminate safety hazards in garment factories

The inspection authority concerned in Bangladesh has failed to eliminate the high-risk safety hazards in the garment factories it inspected three to five years back, according to a latest research report. The inspection agency is not ready to take over the responsibility of the ongoing safety activities in the factories...

Two Bangladeshis make ‘Forbes 30 Under 30 Asia’

Two Bangladeshis -- Pathao cofounder Hussain Elius and cartoonist Morshed Abdulla Al -- have been listed in Forbes 30 Under 30 list, reports UNB.Picked from over 2,000 entries, heavily researched by a team of reporters and vetted by an A-list of judges, Forbes presented this year's edition of Forbes 30...

Produce high quality spare parts, dye-mould locally

Speakers at a seminar stressed the need for ensuring high quality of the locally-manufactured spare parts and dye-mould with the view to boosting industrialisation in the country."There is a need for ensuring higher quality of locally-manufactured spare parts and dye-mould to help boost industrialisation in the country," they said at...

Norway offers technical support to frame shipbuilding policy

Norway will provide technical support to formulate a shipbuilding policy for Bangladesh with a view to developing an eco-friendly shipbuilding industry. The Scandinavian country is also willing to extend necessary cooperation in framing another policy to ensure a sustainable private sector development.Norwegian Ambassador Sidsel Bleken in Dhaka said this during...

Commuters suffer as Ctg jute mills workers block roads

CHATTOGRAM, Apr 02: The workers of different jute mills in Chattogram staged street demonstrations at the city's Pahartoli area and Sitakunda this morning disrupting traffic and movement of trains in and around the port city.The demonstrators gathered at factories and took out processions in streets, blocking roads and highways and...

'Big Greek companies' coming to Macedonia after name deal: PM

SKOPJE, Apr 02 (AFP): North Macedonia will reap "huge economic benefits" from its name-change deal with Greece, the Balkan state's Prime Minister Zoran Zaev told AFP Monday, on the eve of a landmark visit from his Greek counterpart.Zaev recently completed a protracted and politically-dicey process to add "North" to his...

Apple, luxury brands drop China prices as VAT cuts take effect

BEIJING, Apr 02 (Reuters): Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country's value-added tax (VAT) rate came into effect from April 01.Price tags for products listed on Apple's China website were lowered on Monday morning, including a...

Brexit leaves Ford at crossroads on long-term British plans

HALFWEG, Apr 02 (Reuters): Ford is spending tens of millions of euros preparing for a possible British exit from the European Union without a trade deal and has yet to decide on its longer-term plans for Britain, Ford Europe chairman Steven Armstrong said on Tuesday."We love being in Britain, but...

UAE economy rebounds

DUBAI, Apr 02 (Reuters): The United Arab Emirates' economy grew by around 1.7 per cent in 2018, slower than projected despite a boost from higher oil prices, official preliminary data showed.The UAE growth figures follow Dubai's disclosure last week that its economy grew by 1.94 per cent in 2018, its...

Global tensions to force trade slowdown in 2019: WTO

GENEVA, Apr 02 (AFP): Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organisation forecast on Tuesday, citing widespread "tensions" and economic uncertainty.The WTO had in its preliminary estimates predicted a 3.7 per cent expansion of trade for this year, but...

Bitcoin soars 20pc, mystery buyer seen as catalyst

LONDON, Apr 02 (Reuters): Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading.The original and biggest cryptocurrency soared as much as 20 per...

Juncker wants extra efforts as Italy growth falters

ROME, Apr 02 (AFP): European Commission (EC) head Jean-Claude Juncker called on Tuesday for "extra efforts" from Italy's populist government to keep the increasingly stagnant economy growing, after talks with Prime Minister Giuseppe Conte."I'm a little worried to see the Italian economy continuing to regress. I would like the Italian...

Australia’s central bank holds rates, analysts tip future cut

SYDNEY, Apr 02 (AFP): Australia's central bank kept interest rates at a record low on Tuesday but said it would monitor developments as the economy stutters, with observers tipping a cut this year.The economy grew just 0.2 per cent in the last three months of 2018 to take the annual...

IBBL received 'Strongest Bank in Bangladesh-2018' Award

The Islami Bank Bangladesh Limited (IBBL) received 'Strongest Bank in Bangladesh-2018' Award conferred by The Asian Banker. The photo shows Foo Boon Ping, Managing Editor of The Asian Banker, handing over the award to IBBL Chairman Prof Md Nazmul Hassan and its Managing Director and CEO Md Mahbub ul Alam...