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

12 int'l cos to invest $5.78b in SEZs

Twelve international companies would make around US$ 5.78 billion in foreign direct investment (FDI) in Bangladesh's special economic zones (SEZs), generating 13,000 new jobs for the local people, reports BSS.The FDI is coming from Japan, Malaysia, China, United Kingdom (UK), Singapore, UAE, India, Australia and South Korea to the sectors...

Tipu seeks ILO's role in getting fair price for RMG items

Commerce Minister Tipu Munshi on Sunday requested the International Labour Organisation (ILO) to play a role in the logical price hike for the readymade garment (RMG) items of Bangladesh.He was exchanging views with ILO Country Director Tuomo Poutiainen at his secretariat office, reports BSS.Mr Tipu said the owners had to...

Shipping ministry spends 35.5pc of allocation on 45 dev projects in H1

The Ministry of Shipping is implementing a total of 45 projects, of which 35 are being implemented under Annual Development Programme (ADP) and 10 from its own resources.Over Tk 28.5 billion has been allocated for the projects under the ADP while over Tk 13.17 billion was allocated for projects being...

Jamuna Oil approves 130pc cash dividend

Jamuna Oil Company Limited (JOCL) has approved a cash dividend of 130 per cent or Tk 13 per share for the financial year (FY) 2017-18.The approval was given at the 43rd annual general meeting (AGM) of the company in Chattogram on Saturday, said a statement. Chairman (Secretary In-charge) of Bangladesh...

Md. Ahsan-uz Zaman inaugurating Midland bank's Islampur Branch

Managing Director & CEO of Midland Bank Limited Md. Ahsan-uz Zaman inaugurating the bank's Islampur Branch in the capital recently with senior executives of the bank, businessmen and local elite present

Participants posing for photo

Participants posing for photo at the inauguration of a month-long campaign, launched by Coca-Cola Bangladesh Ltd. in the city on Sunday. The campaign, titled 'Bangla Ekhon, Bangla Tokhon', was launched under the theme of 'Share A Coke' on the occasion of International Mother Language Day on Feb 21

Pakistan cuts petrol prices for February

The Pakistan government on Thursday announced a reduction in the prices of various petroleum products for the month of February, reports the Dawn.According to a notification issued by the finance ministry, the price of petrol has been reduced by Rs 0.59 per litre, bringing down its price from Rs 90.97...

Colombo seeks $1.0b loan from Beijing

COLOMBO (Sri Lanka), Feb 03 (AP): Sri Lanka is negotiating a US $1.0 billion loan from China to construct a highway linking capital Colombo to the hilly resort city of Kandy, even as the heavily-indebted South Asian island nation makes arrangements to pay down $5.9 billion in foreign loans this...

China kicks off consumption drive

BEIJING, Feb 03 (Reuters): China's push to stoke spending in the sluggish retail sector began with Beijing households given subsidies to buy electrical appliances, in the first of what is expected to be a barrage of incentives to revive private consumption.The National Development and Reform Commission (NDRC), China's state planner,...