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

Move to strengthen boiler inspection activities

The government has taken an initiative to strengthen boiler inspection activities to check accidents in the industrial sector, an official said. As part of the move, the office of the Chief Inspector of Boilers (CIB), which is under the ministry of industries (MoI), undertook a set of measures, including recruiting...

Govt warns against creating artificial crisis of onion

The government on Monday warned against hoarding and creating artificial crisis of onion, a key essential item, in the country.The warning came against a backdrop of sudden hike in onion prices in the market.Local onion was sold at Tk 60-70 a kilogram on Monday which was Tk 40-50 per kg...

BIDA to integrate services of four power distribution cos into OSS

The Bangladesh Investment Development Authority (BIDA) is going to integrate the services of four power distribution companies into its virtual one-stop service (OSS) to help facilitate businesses.The four companies are Bangladesh Rural Electrification Board (BREB), Dhaka Power Distribution Company (DPDC), Northern Electricity Supply Company Limited (NESCO) and West Zone Power...

Healthcare package for BRAC Bank MasterCard users

BRAC Bank has launched a healthcare benefits package for its MasterCard users, says a statement.The MasterCard healthcare package comes with an opportunity to get up to 50 per cent discount on health-related services by using BRAC Bank's MasterCard debit and credit cards. The package includes an array of healthcare services...

Shafiqul new independent director of AB Bank

Shafiqul Alam joined the AB Bank as its independent director with effect from Monday, says a statement. Mr. Alam, a seasoned banker having 40 years of banking experience, served in different senior management positions in local and multinational banks. Mr. Alam started off his career with ANZ Grindlays Bank (Bangladesh)...

RFL rolls out fiberglass boat, speedboat

RFL, a leading business conglomerate, has rolled out boat and speedboat made of fiberglass with attractive designs. RN Paul, Managing Director of RFL Group, formally launched the boats under the brand of `Support' at Danga Industrial Park in Narsingdi on Sunday, says a statement.RN Paul said the `Support' branded boat...

UK house prices see biggest jump since 2016

UK house prices saw their biggest growth since 2016 in August, climbing to a record high, according to Britain's longest-running barometer of the property market. The Halifax House Price Index, which is run by analysis company IHS Markit, found that UK house prices grew by 5.2 per cent in August...

Chairman of Rupali Bank Limited Monzur Hossain MP

Chairman of Rupali Bank Limited Monzur Hossain MP and its Managing Director and CEO Md Obayed Ullah Al Masud inaugurated the 576th branch (Ladies) of the bank at Boyra in Khulna city through videoconference on Monday

ULAB HULT Prize

The University of Liberal Arts Bangladesh (ULAB) HULT Prize organising committee distributed food and face masks among the students of HOPE'87 Mobile Quality School at its Rayer Bazar and Kamrangir Char branches recently

‘Made in HK’ brand suffers as trade tensions deepen

HONG KONG, Sept 07 (Arab News): At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new "Made in China" labels as the popular Hong Kong brand falls victim to spiraling diplomatic tensions.Founded nearly a century ago, the family-owned factory has survived a...

Nokia takes a hit as Samsung secures Verizon 5G deal

STOCKHOLM, Sept 07 (Reuters): Finnish telecom firm Nokia has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics on a part of the contract to supply new 5G equipment to Verizon in the United States.With this $6.64 billion contract win, Samsung...

Euro zone yields edge higher on debt supply, economic green shoots

LONDON, Sept 07 (Reuters): Euro zone bond yields rose on Monday on signs of an improved global economy and ahead of a week of healthy supply, as countries get to grips with increased borrowing requirements to help fund the response to the Covid-19 crisis. China's exports rose the most in...

Japanese govt exposed to 40pc of $6.7b Nissan loans

TOKYO, Sept 07 (Reuters): The Japanese government has guaranteed most of a loan to Nissan Motor Co from the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40 per cent of 713 billion yen ($6.7 billion) in finance for Japan's No.2 automaker.The hefty government...

Intel takes 'major leap forward' with launch of 11th-Gen processors

RIYADH, Sept 07 (Arab News): American technology corporation Intel has unveiled its 11th Generation Core mobile PC processors.The "Tiger Lake" processors will feature the company's new integrated Xe graphics, Thunderbolt 4 support, Wi-Fi 6, and a big leap in performance and battery life over the previous Ice Lake chips. Leveraging...

Renault aims to freshen up Dacia's image

PARIS, Sept 07 (Reuters): French carmaker Renault unveiled the new lines of two of its best-selling cars on Monday, both models manufactured by its Romanian low-cost brand Dacia, recently upgraded to an independent division within the company.Under the helm of its new chief executive Luca de Meo, loss-making Renault is...