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

50 millers rule rice milling

Top 50 millers account for 20 per cent of all rice milled by a total of 949 auto-rice millers in the country, according to a research."This indicates the concentration of the market power among the small number of millers of different areas," said the study conducted by the Bangladesh Institute...

Trust Bank rolls out mobile app, VISA credit card

Trust Bank Limited has launched 'Trust Money' Mobile App, VISA Signature Credit Card and official Facebook Page. Chief of Army Staff and Chairman of Trust Bank General Aziz Ahmed formally inaugurated all the three facilities at a simple ceremony, said an ISPR release on Monday.Through Trust Money App, customers will...

Govt plans to fund solar energy storage system

The government is now planning to fund the solar power storage system aiming to supply electricity round the clock, officials said.State financer Infrastructure Development Company Limited (IDCOL) is ready to provide loans for interested entrepreneurs who want to set up solar power plants under the energy storage system, they added.At...

Orientation for Pubali Bank IT officials

The Human Resourses Division of Pubali Bank Ltd. held a daylong 'Orientation Programme' for newly recruited 100 IT officials at the bank's auditorium recently. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank, inaugurated the programme as the chief guest. Safiul Alam Khan Chowdhury, Additional Managing Director, and Mohammad Ali,...

Time to digitise SMEs

An opportunity has emerged to digitise small and medium enterprises (SMEs) in these times of Covid-19 pandemic, speakers at a webinar said on Sunday. They also recommended creating skilled manpower and embracing modern technology to adapt to the new realities of the pandemic economy.The pandemic damaged the SME sector worldwide,...

Marcel launches TV discount campaign

Marcel, a leading local television brand, launched a nationwide campaign on Sunday, offering opportunity to get a guaranteed discount by completing digital registration after buying a television set, says a statement.The campaign has come up with unique advantages for the customers. Like the previous campaigns, this time customers can avail...

BDBL gets new DMDs

Kamal Hossain Gazi and Md Refat Hasan Md. Kamal Hossain Gazi and Md Refat Hasan have joined the Bangladesh Development Bank Limited (BDBL) as deputy managing directors (DMD) recently. Mr. Gazi started off his career in 1987 as a senior officer of the Investment Corporation of Bangladesh (ICB). He obtained...

China rejects Australia's appeal to remove barley import tariff

SYDNEY, Nov 02 (Reuters): China has rejected Australia's appeal to scrap a tariff on its barley exports, two sources familiar with the matter told the news agency, all but closing the door on a trade worth about A$1.5 billion ($1.05 billion) in 2018.The rejection comes after Australia sought a formal...

Sudan and UAE sign MoU for construction of solar energy plants

CAIRO, Nov 02 (Arab News): Sudan and the United Arab Emirates (UAE) signed a Memorandum Of Understanding (MoU) for the construction of solar energy plants with a capacity of 500 megawatts (MW), the Sudanese energy ministry said in a statement on Sunday.UAE, represented by one of its private companies, will...

Japan's Nidec plans $2.0b EV motor factory in Europe

TOKYO, Nov 02 (Reuters): Nidec Corp will spend 200 billion yen ($1.9 billion) on a new plant in Serbia to build motors for electric vehicles as it seeks to win more business from automakers turning away from internal combustion engines, the Nikkei newspaper reported.Nidec founder Shigenobu Nagamori has said he...

Egypt, Iraq agree on oil-for-reconstruction mechanism

CAIRO, Nov 02 (Arab News): Egypt and Iraq have reached a preliminary consensus to establish an oil-for-reconstruction mechanism.The two countries have signed 15 agreements, programmes, and protocols in the fields of transport, water resources, health, the environment, justice, investment, housing, construction, industry, trade, and finance.Egyptian Prime Minister Mostafa Madbouly told...