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

Ministry to be more cautious in sending female workers abroad

The expatriates' welfare ministry has initiated a move to be more cautious in selecting and sending female workers abroad to lessen workplace abuse.Under the process, a team of officials will interview the women after their 30 days' training to make sure what they had learnt, said a senior ministry official.The...

Steps underway to drill over 100 new wells

The government has placed special stress on natural gas exploration to ensure the country's future energy security, state minister for energy and mineral resources Nasrul Hamid said on Tuesday.Steps have been taken to drill some 108 new wells, he said.The consumption of liquefied petroleum gas (LPG) as an alternative to...

Sadharan Bima to roll out 'online motor insurance service' soon

The state-run Sadharan Bima Corporation (SBC) is set to roll out 'online motor insurance service' soon to provide hassle-free service to their clients. "We'll introduce the facility very shortly," SBC Managing Director Syed Shahriyar Ahsan told the FE in an exclusive interview recently. To avail themselves of this service, the...

Former adviser to a caretaker government Dr AB Mirza Azizul Islam speaking at a dialogue

Former adviser to a caretaker government Dr AB Mirza Azizul Islam speaking at a dialogue on 'Financing for SDGs Implementation in Asia-Pacific Region' jointly organised by the Centre for Policy Dialogue and the UN-ESCAP in the city on Tuesday — FE Photo

35 NRBs get CIP status

A total of 35 expatriate Bangladeshis have been awarded with Commercially Important Person (CIP) status in recognition of their outstanding contribution to the country's economy.Expatriates' Welfare and Overseas Employment (EWOE) Minister Nurul Islam handed over CIP cards to the non-resident Bangladeshis (NRBs) on Tuesday at the ministry's conference room.Among the...

Govt to raise import duty on rice: Tofail

The government will reimpose 28 per cent import duty on rice in place of the existing 2.0 per cent to ensure that farmers get fair prices for the staple they produce.The new duty will come into effect this month, Commerce Minister Tofail Ahmed told reporters on Monday. He was talking...

Displaying three new service products launched by NCC Bank

Managing Director and CEO of NCC Bank Mosleh Uddin Ahmed (centre) and others displaying three new service products launched by the bank on its 25th founding anniversary in the capital recently

India may produce 225 GW renewable power by 2022

MUMBAI, June 05 (Reuters): India hopes to touch renewable power generation capacity of 225 gigawatts (GW) by March 2022, the country's power minister said on Tuesday.Increasing renewable power generation capacity to 225 (GW) will likely breach the 175 GW target set in 2015."We will cross the target of 175 GW...

Britain to rule on Rupert Murdoch's bid for Sky

LONDON, June 05 (Reuters): Britain will give its verdict on Rupert Murdoch's pursuit of Sky later on Tuesday.The verdict may potentially pave the way for Murdoch's Twenty-First Century Fox to go head-to-head with rival Comcast Corp for the European pay-TV group.Murdoch launched his bid to buy all of Sky in...

Malaysian govt talks central bank governor's exit terms

KUALA LUMPUR, June 05 (Reuters): Terms under which Malaysian central bank governor Muhammad Ibrahim would leave are being discussed, two people aware of the discussions said on Tuesday.According to them, Ibrahim's resignation could be announced as early as Wednesday.

Tianjin vows to fight property speculation

BEIJING, June 05 (Reuters): China's growth-starved city of Tianjin said on Tuesday it will increase scrutiny of home buyers and their eligibility.The move is seen by some critics that the city is hitting back at criticism it was skirting curbs in place to fend off property speculators.Tianjin, just 30 minutes...

Mexico will file WTO objection over US tariffs

MEXICO CITY, June 05 (AFP): Mexico said on Monday it will file a complaint with the World Trade Organisation (WTO) over US tariffs on its steel and aluminum.The economy ministry said it will "initiate a dispute settlement process under the umbrella" of the WTO, and that its actions will "continue...

DSE News in Brief-(6-6-2018)

China economicrestructuringgathers paceBEIJING, June 05: China's economic restructuring is picking up pace, with its manufacturing sector showing signs of a shift to higher value-added areas - a credit positive, analysts at Moody's Investors Service said on Tuesday. China has been cutting excess capacity in heavy industry in recent years to...