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

Telenor, Axiata enter talks to merge Asian businesses

OSLO, May 06 (Agencies): Norway's Telenor and Malaysia's Axiata Group Berhad are in talks to merge its Asia operations to gain a bigger foothold in the region's mobile phone market.Telenor is looking to take a majority stake in the merged entity to be named MergeCo, the company said in a...

BIAC chief urges Scandinavian envoys to disseminate ADR importance

Scandinavian ambassadors to Bangladesh visited Bangladesh International Arbitration Centre (BIAC) in the capital on Sunday. Ambassador of Sweden Charlotta Schlyter, Ambassador of Denmark Winnie Estrup Petersen and Ambassador of Norway Sidsel Bleken were welcomed at the BIAC secretariat by its Chairman Mahbubur Rahman while CEO of BIAC Muhammad A. (Rumee)...

BUET gets robotics lab

A robotics lab has been inaugurated at Bangladesh University of Engineering and Technology (BUET) to facilitate research and development of technologies related to robot.State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak and the BUET vice-chancellor (VC) Prof Dr Saiful Islam inaugurated the laboratory at BUET on Monday.Bangladesh...

Dairy farmers demand 50pc duty on powdered milk import

The country's dairy farmers demanded on Monday imposition of 50 per cent duty on import of powdered milk from the next fiscal year to help protect the local industry.They also sought imposition of anti-dumping duty on imported powdered milk to protect the industry from unfair competition.The demand came at a...

ADB may provide $4.62b loan for road, rail projects in four years

The Asian Development Bank (ADB) is likely to provide US$ 4.62 billion to develop the road and rail infrastructure for ensuring the sub-regional connectivity in next four years up to 2022.The fact-finding mission visited Bangladesh from April 4-10 and confirmed a loan amounting to $ 1.6 billion for eight projects...

Tour agents for import of tax-free vehicles, water-vessels

Tour operators urged the government to allow them to import tax-free cars, vehicles, water-vessels and necessary equipments for development of the country's tourism sector.They also called upon the government to develop tourism infrastructure and properly exhibit the country's archaeological sites to the world for attracting more tourists to the country....

News Briefs- (07-05-2019)

BD to take initiative to sign FTA with BrazilBangladesh would take an initiative to sign a Free Trade Area (FTA) deal with Brazil to boost bilateral trade. Commerce minister Tipu Munshi made the announcement after a view exchange meeting with Brazilian Ambassador to Bangladesh Joao Tabajara de Oliveira Junior at...

China trade team preparing to go for talks after Trump cranks up pressure

BEIJING, May 06 (Reuters): China said on Monday that a delegation is still preparing to go to the United States for trade talks, after US President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on Chinese goods this week.Trump's comments on Sunday...

Myanmar to hold regional investment forum in Yangon

YANGON, May 06 (Xinhua): Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday.The two-day Yangon Investment Forum-2019, scheduled to be held on...

Iran attends trade fair in Armenia

Moscow, May 06 (IRNA): The Islamic Republic of Iran attended and demonstrated home-made products and services at the international 'Trade Fair' in Armenia.Over 65 Iranian companies have put their latest products and service on display in the international event under the title of 'Over Asia Brands' (Asian top brands).A number...

Mitsubishi plans $1.4b rescue for plant

TOKYO, May 06 (Reuters): Japanese trading house Mitsubishi Corp and MUFG Bank plan to rescue plant engineering company Chiyoda Corp with a $1.4 billion lifeline, betting on a turnaround fueled by greater LNG demand, the Nikkei newspaper reported on Monday.Chiyoda, one of the world's leading builders of liquefied natural gas...

IKEA to invest 400m euros in France

PARIS, May 06 (Reuters): IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city centre stores in the country, IKEA France's chief executive Walter Kadnar said on Monday.Kadnar unveiled the plans as IKEA opened its first store in...

Agreement signs between Midland Bank and Radisson Blu Dhaka

EVP and Head of Retail Distributions of Midland Bank Ltd. (MDB) Md. Ridwanul Hoque and General Manager of Radisson Blu, Dhaka Water Garden Alexander Haeusler shaking hands after signing an agreement on behalf of their respective organisations at the hotel premises in the capital on Sunday. Under the deal, MDB...

A procession organised by BARI

A procession organised by the Tuber Crops Research Centre of Bangladesh Agricultural Research Institute (BARI) was brought out from in front of the administrative building of the Institute on Sunday lead by BARI Director General Dr Abul Kalam Azad

MoC opens cell to monitor essentials price

The Ministry of Commerce (MoC) has opened a cell to monitor the prices of essential commodities during the holy month of Ramadan, reports BSS.The consumers and other concerned stakeholders have been requested to communicate with the following contact numbers: 9549133, 01712168917 and 9515388.