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

Govt recruits 60 engineers to speed up remediation of RMG units

The government has recruited 60 engineers to expedite the post-inspection remediation work in the readymade garment factories (RMGs), officials said. The newly appointed engineers would work for the Remediation Coordination Cell (RCC) under the labour ministry.They were appointed mainly to meet the December deadline set by the government for completing...

NBR to devise sustainable fiscal policies from next yr

The National Board of Revenue (NBR) will consider formulating sustainable fiscal policies from next year for facilitating investors to prepare their investment plan, said the NBR chairman on Wednesday.Many of the local and foreign investors remain confused following frequent changes to the tax policies, said Md Mosharraf Hossain Bhuiyan, also...

Commercial Bank of Ceylon signs MoU with Travel Shop

The Commercial Bank of Ceylon PLC has recently signed a Memorandum of Understanding (MoU) with Travel Shop Limited, sole global operator of Biman Holidays, the official holiday wings of Biman Bangladesh Airlines, says a press statement.Under the MoU, the bank will offer Zero Interest EMI facility on COMBANK Credit Cards.

EWU club holds workshop on 'Agro Biz Supply Chain'

The EWU Agro Industrialisation Club organised an indoor workshop on 'Agro Biz Supply Chain' for the participants of the ongoing inter-university agro-based supply chain competition on Monday. This year, the club is arranging the competition titled 'EWU Supply Chain Challenge 2.0 Powered by PFEC Global' for the second time.It is...

DHL launches Parcel Metro in Bangkok

DHL eCommerce, a division of Deutsche Post DHL Group, has announced the introduction of DHL Parcel Metro in Greater Bangkok.It made the announcement in a Media OutReach-forwarded statement recentiy.Under the DHL Parcel Metro service, Thai online retailers can offer consumers with same-day delivery, real-time tracking and flexible rescheduling of deliveries.

SBAC Bank gets new DMD

Tariqul Islam Chowdhury South Bangla Agriculture and Commerce (SBAC) Bank Limited has appointed Tariqul Islam Chowdhury as its deputy managing director (DMD) recently, says a press statement. Earlier, he served the Sonali Bank Ltd. as its DMD. Tariqul Islam began his career at Sonali Bank as a financial analyst in...

Trade rows sharply increase risk to global growth: MAS

Monetary Authority of Singapore (MAS)'s chief has warned that risks to the global growth outlook have increased significantly due to an intensifying international trade row.The rising prospect of a rapid acceleration in inflation is also heightening the risk.MAS Managing Director Ravi Menon said at a news conference after the release...

Sonali Bank holds training course for field level officers

Sonali Bank Limited, the largest state-owned commercial bank, organised a daylong training workshop on annual performance agreement for its field level officers recently, says a statement.Sonali Bank's Chief Executive Officer (CEO) and Managing Director Md. Obayed Ullah Al Masud presided over the workshop, held at its head office in the...

Hyundai Motor's union votes to strike as US tariffs loom

SEOUL, July 04 (Reuters): Hyundai Motor's unionised workers in South Korea have voted to strike over stalled wage talks.The union has voted to strike every year for the past six years.The result of the vote raised the prospect of stoppages in production of in-demand SUVs and adding to the woes...

China's Baidu rolls out self-driving buses

BEIJING, July 04 (AFP): Baidu announced Wednesday it had begun mass producing the country's first autonomous mini-bus, as the firm prepares to roll them out in tourist spots and airports.Chief Executive Officer (CEO) Robin Li watched the 100th vehicle roll off a production line of a factory in the southeastern...

BOJ may cut CPI forecast

TOKYO, July 04 (Reuters): The Bank of Japan is likely to cut its price growth forecasts at a policy meeting later this month.Sources said the BOJ may cut forecast as long-term inflation expectations stall, highlighting the bank's difficulty in hitting its elusive price target.