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

Shipping lines turn gearless as Ctg port gets gantry cranes

Shipping companies operating to and from the Chittagong port are now switching over to gearless vessels instead of geared vessels after the installation of a large number of gantry cranes there.This is expected to have a positive impact on the port's operations as the gantry cranes' output is higher than...

Tea workers' wages see 20pc rise

The wages of tea workers have been increased by 20 per cent to Tk 102 per day and Tk 714 per week with retrospective effect from January 1 in 2017.The wages were fixed for a two-year term to be ended on December 31 this year.The Bangladesh Tea Association (BTA), the...

Thrust on framing separate framework for social safety net programmes

There is a need for having a separate framework in the government's social safety net programmes to help improve the livelihoods of plain-land indigenous communities, a study has suggested. It has also underscored the necessity of using electronic fund transfer, launching skill development programmes and monitoring various programmes by partner...

Dhaka proposes signing FTA with Mercosur soon: Tofail

Bangladesh will soon formally propose signing a free-trade agreement (FTA) with South American trade bloc Mercosur, aiming to enhance bilateral trade, Commerce Minister Tofail Ahmed said on Sunday.The agreement will benefit Bangladesh through access to an untapped market, Tofail told reporters after an exchange of views meeting with Brazilian Ambassador...

India carries fly ash from Bihar to Assam thru’ Bangladesh

The first consignment of fly ash from NTPC in India's Bihar has reached Pandu Port in Assam via Bangladesh, according to a report by India's Financial Express newspaper.The fly ash was transported by Inland Waterways Authority of India (IWAI) to Assam through serpentine routes of rivers and sea via Bangladesh...

Indonesia's forex reserves drop by $3.1b in Sept

JAKARTA, Oct 07 (Reuters): Indonesia's foreign exchange reserves dropped by about $3.1 billion in September, partly due to currency market intervention, Bank Indonesia (BI) said.Indonesian currency rupiah continued to trade near its weakest in over 20 years last week.A broad retreat by investors from emerging markets, high oil prices and...

Germany’s industrial orders surge

BERLIN, Oct 07 (Reuters): German industrial orders surged in August, data showed, bouncing back from falls earlier in the summer and adding to evidence of resilience in the economy despite an uncertain global economic outlook.The Federal Statistics Office said contracts for 'Made in Germany' goods rose by 2.0 per cent...

UK’s hourly productivity grows

LONDON, Oct 07 (Reuters): British workers' hourly productivity grew in the second quarter at the fastest rate since late 2016 and labour cost growth slowed, according to official figures.The figures suggested domestic inflation pressures remained fairly contained.Output per hour in the three months to June rose by 1.4 per cent...

Japan August machinery orders may fall

TOKYO, Oct 07 (Reuters): Japan's machinery orders were expected to fall in August after the previous month's spike, a Reuters poll found, although corporate capital spending was seen likely to be steady despite Sino-US trade tensions.The poll of 17 economists found that core machinery orders, a volatile data series regarded...

China's ODI ranks second worldwide in 2017

BEIJING, Oct 07 (Xinhua): China's accumulated outbound direct investment (ODI) reached over 1.8 trillion US dollars by the end of 2017, moving up to the second place in the world rankings, according to an official report."China has made investment in 189 countries and regions globally, with its accumulated ODI accounting...

Airport problems may retard Portugal's tourism growth

LISBON, Oct 07 (AFP): A record number of passengers using Lisbon's airport is proving a bittersweet achievement as daily delays and a lack of space to park planes threatens to strangle the goose laying golden eggs for Portugal's economy.Tourists flocking to Lisbon to soak up some sun and while away...

PDBL elects new chair

Obaidullah Al-Masud Chief Executive Officer and Managing Director of Sonali Bank Ltd Obaidullah Al-Masud and Managing Director & CEO of NCC Bank Ltd Mosleh Uddin Ahmed have been elected chairman and vice chairman respectively of Primary Dealers Bangladesh Ltd (PDBL) for one year.They were elected at the 10th annual general...

Muklesur Rahman,Managing Director & CEO, Shimanto Bank Ltd, addressing a training programme

Muklesur Rahman,Managing Director & CEO, Shimanto Bank Ltd, addressing a training programme, arranged by Shimanto Bank Ltd for the students of Bangladesh University of Professionals (BUP) at Mirpur cantonment to make aware the students on implementation of sustainable development goal (SDG). Professor Mr. M Abul Kashem Mazumder,Phd, Pro-Vice Chancellor of...

Md. Ehsan Khasru, managing director of Farmers Bank Ltd, addressing a business development meeting

Md. Ehsan Khasru, managing director of Farmers Bank Ltd, addressing a business development meeting at Sujatpur of Chandpur recently. He also visited Narayanpur, Chandpur and Grikalindia branches in Chandpur district on Saturday as the first part of a campaign to attract depositors and clients.

COO of Thyrocare Bangladesh Limited Ronald Micky Gomes

COO of Thyrocare Bangladesh Limited (TBL) Ronald Micky Gomes and Deputy Secretary of Dhaka Club Limited (DCL) Abdur Razzak exchanging documents after signing a deal on behalf of their respective sides in the city on Saturday in presence of TBL Managing Director Sohail Humayun, among others. Under the deal DCL...