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

BR to seek large-scale investment to upgrade railway bridges, tracks

The Bangladesh Railway (BR) has taken an initiative to invite large-scale investment for upgrading its existing bridges, tracks and rolling stock workshops.The BR comes up with this move as part of its efforts to develop a regional corridor under the Trans-Asia Railway network through taking up necessary projects in the...

Gas tariff hike to hit trade, investment, admits minister

The latest gas-tariff hikes would certainly affect the country's trade and investment sector, Commerce Minister Tipu Munshi said on Tuesday.At the same time, the minister also backed the tariff hikes in the wake of the government's growing subsidy on the product."Yes, it (gas-tariff hikes) will have an impact on the...

Gap, ILO step in to improve industrial relations in garment factories

Gap, a US-based apparel retailer, and the International Labour Organisation (ILO) have jointly launched a new initiative to improve industrial relations in its listed garment factories in Bangladesh. The ILO's flagship Better Work Bangladesh (BWB) Programme and the ILO's Social Dialogue and Industrial Relations project will jointly implement the activities...

Envoy calls for synergies between BD and Indian economies

Bangladesh High Commissioner to India Syed Muazzem Ali has called for synergies between the vibrant economies of the two close neighbours to accelerate the growth for the benefits of their people, reports UNB."We need to combine our synergies in different areas for mutual benefits of both the countries as well...

FBCCI leaders discuss investment issues with Chinese counterparts

Leaders of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Tuesday discussed with their Chinese counterparts ways to boost trade and investment between the two countries, reports UNB.On the second day of their visit to China, they joined a seminar on 'Bangladesh-China Trade and Investment Promotion' held...

Potato price hike hits consumers hard

The price of potato increased in the capital raising sufferings of the consumers, especially the commoners, who have already been hit hard by price hike of other essentials.Stored potatoes of granola and diamond varieties, which are sold across the year, were traded at Tk 22-25 a kilogram at retail markets...

BCSIR-invented veg ghee to be produced commercially

A vegetable ghee (clarified butter made from vegetables), invented by the Bangladesh Council of Scientific and Industrial Research (BCSIR) recently, is likely to be commercially produced very soon.BCSIR signed a lease agreement with Kohinoor Emdad Agro Products Ltd. in this regard in the capital on Tuesday, says a statement.The lease...

UAE wants to invest in food processing sector

The United Arab Emirates (UAE) has shown its interest to invest in the food processing sector of Bangladesh.The Gulf country conveyed the interest when its Ambassador to Bangladesh Saed Mohammed Al Mheiri called on Industries Minister Nurul Majid Mahmud Humayun at the latter's office in the capital on Tuesday, said...

Beacon Point

Beacon Point has been awarded the first prize by the Department of Narcotics Control (DNC) for its outstanding contribution to the treatment and rehabilitation of drug addicts. The photo shows Khandoker Rashidul Huq, Chief Adviser of Beacon Group, receiving the award on behalf of Mohammad Ebadul Karim MP, Chairman of...

28th-34th AGM of Hill Plantation

The 28th-34th annual general meeting (AGM) of Hill Plantation Ltd. (Ramgarh Tea Garden) was held at NLI Tower in the city recently, with Advocate AKM Badruddoza, Independent Chairman, in the chair. Directors, including Azam J Chowdhury and Nader Khan, and shareholders were present at the AGM

Jahangir Bin Alam

Jahangir Bin Alam, Secretary and CEO of the India-Bangladesh Chamber of Commerce & Industry, speaking on Indo-Bangla cross-border trade at a stakeholders' meeting in Siliguri, India, recently, organised by the Indian Chamber of Commerce (ICC) in association with the government of West Bengal

L'Oreal in talks to buy Mugler

PARIS, July 02 (Reuters): L'Oreal is in talks to buy the Mugler and Azzaro brands from Clarins Group, as the French luxury goods group reinforces its presence in upmarket cosmetics.While its higher-end products such as Lancome or Kiehl's have found favour with people seeking anti-ageing treatments, L'Oreal has struggled to...