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

BB seeks fresh financing from WB as long-term funding drying up

The central bank has sought fresh financing from the World Bank as its long-term funding under the Financial Sector Support Project (FSSP) is drying up.The Bangladesh Bank (BB) is implementing the project under the Financial Institutions Division (FID) with the financial assistance of the World Bank (WB). The tenure of...

UK Gr plans to invest $300m in infrastructure over 3 years

The UK-based Private Infrastructure Development Group (PIDG) plans to invest US$300 million in Bangladesh's infrastructure sector over the next three years, focusing on renewable energy and affordable housing. The group is working on combating poverty in the poorest and most fragile countries through pioneering infrastructure. Last month its subsidiary Guarant...

Australia, ILO to support RMG workplace safety programme

Australia has forged a partnership with the International Labour Organization (ILO) to support a work safety programme in the readymade garments sector in Bangladesh.Dubbed as 'Better Work Bangladesh', the programme aims to improve working conditions, advance women's economic potential and boost the competitiveness of the country's readymade garment industry. Better...

Minister blames realtors for abnormal rise in land prices

Realtors and government representative at a seminar on Sunday expressed opposing views on the soaring land and apartment prices. Land Minister Saifuzzaman Chowdhury blamed the real estate companies for an abnormal rise in land prices.He made the remarks when businesses identified high prices of land and construction materials as impediments...

‘KPI can play key role’ in RMG sector development

FE DeskThe key performance indicator (KPI) is a management tool which can play a significant role for the development of readymade garment (RMG) sector, a paper said.The KPI can also be vital in identifying the areas where professional accountants can play a key role, said the paper presented at a...

Focus on scaling up women-owned businesses to help them emerge as successful suppliers

A graduation ceremony and a buyer-supplier meeting were held in the capital on Sunday with the aim to facilitate scaling up of women-owned businesses and help them become successful suppliers.More than 30 women-owned businesses participated in the event held as part of a technical advisory project, titled "Corporate Connect: Strengthening...

36pc employers in Bangladesh now facing skilled manpower shortage

Universities in Bangladesh should formulate curricula based on market demand and real-life situation as 36 percent of employers in the country are now facing the shortage of skilled manpower, says Syed Alamgir, a renowned marketer and Managing Director of ACI Consumer Brands Limited.In an interview with UNB, he also said...

MFIL declares eight per cent dividend

The 5th Annual General Meeting (AGM) of the Meridian Finance and Investment Limited (MFIL) was held at its Corporate Head Office in the city recently, says a statement. Chairman of the company Naima Chowdhury presided over the meeting where Managing Director and Chief Executive Officer (CEO) Irteza A Khan and...

News Briefs-(06-05-2019)

Thrust on introducing software accounting system in SoEs The Ministry of Industries (MoI) should consider introducing software-based accounting system in the state-owned industrial units, especially in the sugar mills, to check financial irregularities and make those operationally sound and financially viable. This was recommended at a views exchange meeting with...

Skill shortages, labour curbs may hit S’pore manufacturing

SINGAPORE, May 05 (AFP): Singapore has attracted high-tech manufacturers with incentives and a well-educated workforce but growing demands for highly skilled labour and government moves to curb numbers of foreign workers may mean a tougher path ahead.The city-state is a major producer of products ranging from aircraft engines to medical...

Reliance’s move into e-commerce set to shake up big Indian mkt

MUMBAI, May 05 (Business): Reliance Industries, controlled by India's richest man Mukesh Ambani, is progressing on its plans to launch an e-commerce venture that would compete with online giants Amazon and Walmart-owned Flipkart.The oil-focused conglomerate - which reported annual revenue for the financial year until the end of March 2019...

Billionaire Buffett gives new hint about his successor

OMAHA, May 05 (AFP): Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand.The world's third-richest man also said at his company's annual shareholder meeting that its recent investment in Amazon was not a...

Participants of a Service Quality Workshop 2019

Participants of a Service Quality Workshop 2019 of Mutual Trust Bank Limited (MTB) posing for a photo at a city hotel recently. MTB Independent Director Nasreen Sattar, Managing Director & CEO Anis A. Khan, senior executives and managers of different branches attended the workshop

Petrobangla Chairman Md. Ruhul Amin

Petrobangla Chairman Md. Ruhul Amin, Janata Bank Limited Chairman Luna Shamsuddoha and CEO & MD Md. Abdus Salam Azad seen, among others, at the signing ceremony of a memorandum of understanding (MoU) on LNG import bill at the board room of Petrobangla in the city on Sunday

18th AGM of IFIL

Chairman of the Board of Directors of Islamic Finance and Investment Limited (IFIL) Shibbir Mahmud presiding over the 18th Annual General Meeting (AGM) of the company in the city on Sunday with Executive Committee Chairman Anwar Hossain Chowdhury, vice chairmen of the board Rezakul Haider and Anis Salahuddin Ahmad and...