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

Initiate reporting requirement for banks to manage disasters

A BIBM study has recommended recording and preservation of disaster-related data to quantify the volumes and extent of financial losses to the banks due to disasters. The study placed a recommendation before the central bank to initiate a reporting requirment to help identify overall systemic risks associated with natural and...

Mobile portability to begin by Jan next, says Tarana

The much-awaited mobile number portability (MNP) service will be introduced in January for mobile phone users, as the telecom regulator has selected an operator for it. Mobile number portability is a technology that allows customers to change their operators after a specific timeframe retaining their existing eleven digit number."The selection...

Walton starts making phone handsets

Walton Hi-Tech Industries Ltd on Thursday started manufacturing mobile handsets at its Smartphone Manufacturing Unit for the first time in the country.The local tech giant will manufacture around 2.5 million to 3.0 million mobile handsets-both smart and feature phones in the 50,000-square-feet facility.State Minister for Post and Telecommunications Tarana Halim...

FBCCI clarifies

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has clarified its position regarding a report, published in the 30th September 2017 issue of the Financial Express (FE) under the headline 'FBCCI set to finalise sectors for Japanese investments'. FBCCI President Md Shafiul Islam (Mohiuddin), in a statement issued...

WB signs accord to set up Centre of Excellence for Urban Dev

The World Bank (WB) has signed a memorandum of understanding (MoU) with four Bangladeshi professional institutions to set up a Centre of Excellence for Urban Development (CEUD) to support cities and its local agencies to improve the lives of citizens.According to a press release on Thursday, the MoU was signed...

BD sees higher foreign aid flow in Jul-Aug

The foreign aid flow to the country over the period of first two months (July-August) of the current fiscal year (FY18) continued its encouraging trend as the aid disbursement during the period was $208.8 million higher than the corresponding period of the last fiscal year (FY17), reports UNB.According to the...

Denmark to train 10,000 farmers in refugee-hit Cox's Bazar

The Danish aid agency, Danida, will train 10,000 additional farmers in Cox' Bazar with the help of Bangladesh government against the backdrop of recent floods and massive influx of Rohingyas from Myanmar.According to a bdnews24.com report, Head of Danida in Bangladesh Peter Bøgh Jensen in a statement said the host...

NRL dispatches diesel to BD

GUWAHATI, Oct 05: An export consignment carrying 2,283 MT (metric tonnes) of Gasoil (Diesel) was dispatched by Numaligarh Refinery Limited (NRL) to Bangladesh, reports indiatimes.com. NRL plans to export three more rakes during October to meet the requirements of Bangladesh Petroleum Corporation. According to the company, NRL's Marketing Terminal in...

BRAC clothes for 78,000 Rohingya children

BRAC, a humanitarian organisation, will distribute 78,000 new clothes to the Rohingya children in Ukhia and Teknaf, said a statement. The organisation has already distributed 1,000 new clothes, 1,700 floor mats and 345 solar lights to the Rohingya families recently.Five garments manufacturers- Hamim Group, Graphics Textile, Echotex Limited, Fakhruddin Textile...

Cambodia hikes wages for garment workers

PHNOM PENH, Oct 5 (AFP): Cambodia's government on Thursday hiked the minimum wage for garment workers by $17 a month, heeding demands from unions as Prime Minister Hun Sen looks to shore up support ahead of key polls. The self-described strongman has been leading a policy charm offensive on the...

Nippon Life in talks to buy MassMutual Japan unit in bancassurance push

TOKYO, Oct 5 (Reuters): Japan's biggest private-sector life insurer, Nippon Life Insurance Co, is in talks to buy a majority stake in the domestic unit of US-based MassMutual Financial Group in an attempt to boost its bancassurance sales, two sources said.Bancassurance, in which insurers use partner banks' branch networks for...

Google launches new phones

SAN FRANCISCO, Oct 5 (Reuters): Alphabet Inc's Google on Wednesday unveiled the second generation of its Pixel smartphone along with new voice-enabled home speakers, redoubling its commitment to the hardware business as it competes with a surge of devices from Apple Inc and Amazon.com Inc.Google's new products, including a Pixelbook...

The BGMEA organised a roundtable on the present state of the apparel industry

The BGMEA organised Wednesday a roundtable on the present state of the apparel industry. Commerce minister Tofail Ahmed, shipping minister Shahjahan Khan, state minister for power, energy and mineral resources Nasrul Hamid, state minister for foreign affairs Shahriar Alam and BGMEA president Siddiqur Rahman were present at the roundtable among...

A workshop on the live operation of Online Inventory & Depreciation Management

Sonali Bank Limited CEO and Managing Director (additional charge) Tarikul Islam Chowdhury inaugurated a workshop on the live operation of Online Inventory & Depreciation Management System on Wednesday at the bank's IT Lab housed in its head office in Dhaka.