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

Ministry mulls gas pricing projection for investors

The government is contemplating a pricing projection of natural gas over the next five to 10 years to help businesses chalk up their future investment."This projection will help investors adopt long-term fiscal planning," said state minister for power, energy and mineral resources Nasrul Hamid on Tuesday.He was speaking as the...

Primark suspends sourcing from one RMG factory

Irish retailer-Primark has suspended placing new orders with one supplier ready-made garment (RMG) factory in Bangladesh following alleged termination of workers engaged in recent wage protest.Primark annually sources apparel worth US$ 1.0 billion from the country and currently it has business with more than 90 factories, according to industry people.There...

Metito wins 45-55 MW BD solar power project

A group of companies led by Metito Utilities and JinkoSolar has won a bid to build a 45-55 megawatts (MW) grid-tied PV array at Rangunia in Chittagong district of Bangladesh, according to a report by pv magazine of India.The consortium's winning bid of $0.0749/kWh (US $10 per kilowatt hour), submitted...

REHAB starts anti-mosquito drive

Real Estate and Housing Association of Bangladesh (REHAB) has launched a two-month long cleanliness campaign in different parts of Dhaka city aiming to wipe off Aedes mosquito from the capital.Aedes is a mosquito that can spread dengue fever, chikungunya, Zika fever, Mayaro and yellow fever viruses, and other disease agents....

BR west zone earns Tk 5.90b revenue in FY ‘19

RAJSHAHI, Aug 6 (BSS): Bangladesh Railway (BR) west zone earned revenue worth over Tk 5.90 billion (Tk 5.90.75 crore) during the last financial year.Of the total earning, more than Tk 3.747 billion (Tk 374.77 crore) was earned by selling tickets to passengers while over Tk 1.431 billion (Tk 143.13 crore)...

‘IGLOO Youth Leadership Conclave’ held in city

A daylong workshop titled 'IGLOO Youth Leadership Conclave' was held at Bishwa Shahitto Kendra in the city on Saturday, says a press release.Dr Atiur Rahman, professor (Honorary), Department of Development Studies of Dhaka University and former governor of Bangladesh Bank, inaugurated the workshop as the chief guest while Barrister Shameem...

Govt approves loan proposal for power plant

The government on Tuesday approved a proposal for receiving loan from the German KFW IPEX-Bank for implementing the Sreepur 150 MW HFO Power Plant Project. With Finance Minister AHM Mustafa Kamal in the chair, the approval came from the 27th meeting of the Standing Committee on Non Concessional Loan held...

US currency manipulator labeling could cause chaos in mkts: China

BEIJING, Aug 06 (Reuters): China's central bank said on Tuesday that Washington's decision to label Beijing as a currency manipulator would "severely damage international financial order and cause chaos in financial markets".Washington's decision to ratchet up currency tensions on Monday would also "prevent a global economic and trade recovery," the...

HSBC to pay 300m euros to end Belgian probe

BRUSSELS, Aug 06 (AFP): HSBC has agreed to pay nearly 300 million euros to end a Belgian criminal investigation into allegations of massive fraud and money-laundering involving wealthy diamond traders, prosecutors said on Tuesday.The allegations, which related to a Swiss subsidiary of the British banking giant and ran into hundreds...

UK retailer Tesco axes 4,500 jobs

LONDON, Aug 06 (AFP): Supermarket giant Tesco said Monday it is to axe about 4,500 jobs across its city-centre UK stores to slash costs.Tesco, which is Britain's biggest retailer, will carry out a "reduction of around 4,500 colleagues" as the group experiences "an increasingly competitive and challenging retail environment", it...

Huawei seeks compensation from Flex over withheld goods

HONG KONG, Aug 06 (Reuters): Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a US trade ban on the Chinese firm.Huawei spokesman Guo Fulin did not comment on...

GME Agro’s Brahaman, Brangus cows available in market

With a view to improving the socio-economic condition of farmers and attracting customers, the GME Agro Limited has imported Brahaman and Brangus species of cows for production locally, according to a press release.For the Eid-ul-Azha 2019, the company has arranged a display centre in the city's Baridhara area to sell...

Md Abdus Salam Azad and Janata Bank Staff

Janata Bank Limiteed (JBL) Managing Director and CEO Md Abdus Salam Azad and Janata Bank Staff College Principal Qazi Golam Mostafa posing with the newly-recruited senior officers at an inaugural ceremony of a two-day oriented course organised by JBL at its Staff College in the city recently

Managing Director of Telephone Shilpa Sangstha

Managing Director of Telephone Shilpa Sangstha Limited Engineer Fakrul Haider Chowdhury (left) and Managing Director of ADN Telecom Limited Henry Hilton (right) shaking hands while exchanging documents of an agreement signed between the two companies in the capital recently

Chairman of Jamuna Bank Foundation

Chairman of Jamuna Bank Foundation and Chairman of the Executive Committee of Jamuna Bank Limited Nur Mohammed, Managing Director and CEO of the bank Shafiqul Alam (4th from right) and senior executives taking part in a dengue eradication programme of the foundation in the city recently