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

BKMEA seeks Tk 10.50b fund to pay wages

Knitwear manufactures have sought a fund of Tk 10.50 billion from the government to pay wages and allowances to the workers, officials said.Acting president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Mansoor Ahmed sent a letter to the finance minister recently, seeking the financial support.The government disburses Tk 10...

Training helps improve agri production practices: Survey

Interactive training on agriculture and nutrition enhances the knowledge of improved production practices for both crops and non-crops such as vegetables and fruits, according to a survey.The increase in knowledge was particularly large for women, the survey said.Besides, women become empowered in ownership of assets and decision-making, especially related to...

Ministry asks CCC to cancel recruitment process

CHATTOGRAM, June 06: Uncertainty looms large over the postponement of a drive to recruit manpower in the Chittagong City Corporation (CCC).The local government ministry in a letter on Monday asked the CCC to cancel the ongoing process of appointment to 41 vacant posts.The latest move came seven days after receiving...

Third plant of Essential Drugs to open in July

Prime Minister Sheikh Hasina will inaugurate the third plant of Essential Drugs Company Limited (EDCL) in Gopalganj beside Dhaka-Khulna Highway in the last week of July, reports UNB. Health and Family Welfare Minister Mohammed Nasim disclosed this to reporters at a press briefing at the secretariat on Wednesday. Presently, the...

Uber offers insurance coverage for riders

For the first time in Bangladesh, the world's largest ridesharing company Uber launched an insurance programme for its riders and drivers on Wednesday, reports UNB.The policy will provide both the riders and drivers with free coverage for accidental death, permanent disability and hospitalisation in the event of accidents while on...

Huawei holds Asia-Pacific Innovation Day

The fourth Huawei Asia-Pacific Innovation Day was held in Bangkok on Wednesday, reports UNB.Co-hosted by Huawei Technologies and the Thai Ministry of Science and Technology, the theme of this year's event is 'Innovate for a Digital Asia-Pacific'.Nearly 300 representatives from governments, industry and academia gathered together to discuss the future...

Better connectivity with Nepal must to boost bilateral trade

Experts in a recent seminar put thrust on creating better connectivity between Bangladesh and Nepal to boost bilateral trade and businesses.They also advocated for trilateral cooperation among India, Nepal and Bangladesh to yield better returns.The Asian Institute of Diplomacy and International Affairs (AIDIA) and Embassy of Bangladesh in Nepal jointly...

‘Each person consumes 62.58 grams of fish a day’

Bangladesh has achieved self-sufficiency in fish production against the demand of fish per day and person, says the fisheries and livestock minister, reports BSS.Each person of the country consumes 62.58 grams of fish per day while quantity is 60gm fixed by food and health ministry's policies, Narayon Chandra Chanda said...

Uber jumps into European bicycle-sharing market

SAN FRANCISCO, June 06 (Reuters): Ride-hailing company Uber said on Wednesday it would launch electric bicycle sharing service JUMP Bikes in Europe.The San Francisco-based ride-hailing company, which bought JUMP Bikes last month, seeks to expand into other transportation modes and make peace with local authorities.Uber agreed to buy the start-up...

Japan policy strategy review calls for incentives to offset sales tax hike

TOKYO, June 06 (Reuters): Japan's government needs to carry out a nationwide sales tax hike as scheduled in October 2019.But it should introduce some incentives for car and home purchases to lessen the impact of the tax increase, an annual review of policy approved on Tuesday showed.The government should include...

Britain banks £2.5b for slice of RBS

LONDON, June 06 (AFP): Britain's government on Tuesday said it had sold a small chunk of state-rescued Royal Bank of Scotland for more than £2.5 billion, albeit at a loss.Britain on Monday resumed privatisation of the Royal Bank of Scotland, which at the height of the global financial crisis a...

News Briefs--(7-6-2018)

Novoair offers special Eid fare Novoair has offered special discounts on three domestic routes to their passengers on the occasion of holy Eid-Ul Fitr. Passengers can travel from Jashore, Saidpur and Rajshahi to Dhaka during June 12-15 and from Dhaka to Jashore, Saidpur and Rajshahi during June 17-20 with a...

'Thanksgiving Ceremony' organised by Modhumoti Bank

Deputy Managing Director of Modhumoti Bank Limited Kazi Ahsan Khalil along with other high officials posing with the Team Safety Net members at a 'Thanksgiving Ceremony' organised by the bank at its head office recently

BPC’s ‘Innovation Showcasing’

Chairman of Bangladesh Parjatan Corporation (BPC) Akhtaruzzaman Khan Kabir participating with others at the BPC’s ‘Innovation Showcasing’ in the capital recently with Capacity Development Specialist of A2I Project of the Prime Minister’s Office Manik Mahmud attending

EU plans to hit US imports with duties from July

BRUSSELS, June 06 (Reuters): The European Union (EU) expects to hit US imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum.EU members have given broad support to a European Commission plan to set 25 per...