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

Sales of winter wear gain pace

As mercury has started falling at the advent of winter, winter cloth trade has gathered momentum in Dhaka city's dress markets.Talking to wholesalers on Monday, the FE found retailers, mostly from the country's north, purchasing and packing winter wear and blankets.They will sell the stuff in their respective as winter...

Plan underway to relocate dockyards from Sadarghat

The government will finalise a plan soon to relocate dockyards from the bank of the River Buriganga at Sadarghat in the city, said state minister for shipping Khalid Mahmud Chowdhury on Tuesday. As part of the move, the Bangladesh Inland Water Transport Authority (BIWTA) has been working to finalise the...

US renewable fuels legislation could garner bipartisan support under Biden

NEW YORK, Nov 10 (Reuters): Renewable fuels are a niche market for now, but with Democratic President-Elect Joe Biden set to enter office with a divided Congress, legislation supporting demand for products like renewable diesel could garner bipartisan support.Biden, elected president last week, defeating Republican Donald Trump, has pledged to...

Silt threatening port channel as Karnaphuli dredging remains stopped for long time

CHATTOGRAM, Nov 10: The capital dredging of the River Karnaphuli has remained stopped for almost four years after the dredging work was started in 2016 with old dredging machine.Sources at the Chittagong Port Authority (CPA) said the capital dredging of the river was again suspended after a brief resumption in...

PRAN-RFL Group to generate 5,000 jobs in Rajshahi

PRAN-RFL Group's Varendra Industrial Park at Godagari in Rajshahi, is collecting agro-based products including mango, tomato, olive and guava, based on season, from the local farmers and making pulp in the park. The park is now almost ready to collect pineapple, watermelon, cucumber and aloe-vera for pulping, said a press...

ADB launches regional platform to guide sustainable transport development

Asian Development Bank (ADB) Vice-President Bambang Susantono on Tuesday launched the foundation of a new regional knowledge platform to guide sustainable transport development in Asia and the Pacific, reports BSS.The Asian Transport Outlook (ATO) will support the planning and delivery of transport sector assistance by ADB, as well as transport...

New chairman, vice-chairman of CSBIB

Prof. Mohammad Gias Uddin Talukdar has been elected as chairman and Mawlana M Shamaun Ali as vice-chairman of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) for the remaining period of the tenure 2019-2023. The election was held at the CSBIB's General Secretariat in the city on Tuesday,...

Customs seize phensidyl

A customs team in Cumilla district recovered on Monday 581 bottles of phensidyl syrup from a covered van.The customs vat and preventive team led by assistant commission Mohammad Salahuddin Ripon intercepted a covered van of Suktara Transport bearing the registration number Laximpur- Ta-11-0007 at about 11:00 pm in Bishwa Road...

Air Products to launch 30 tonnes per day liquid hydrogen plant in China in 2022

BEIJING, Nov 10 (Reuters): New York-listed Air Products, the world's largest hydrogen producer, is expected to launch a 30 tonnes per day liquid hydrogen production plant in eastern China in 2022.The project, based in Haiyan county in Zhejiang province, would be the first large-sized commercial liquid hydrogen plant in China...

Korea provides $1.0m to address humanitarian challenges in BD

South Korea has provided US$ 1.0 million to the UNICEF office in Bangladesh to assist UNICEF 's activities in the country this year with a focus on gender-based violence (GBV) in emergencies, particularly in Cox's Bazar, reports UNB. This assistance will help protect women, adolescents, and girls in the Rohingya...

Philippine economy shrinks 11.5pc in third quarter

MANILA, Nov 10 (AFP): The Philippine economy shrank for the third straight quarter in July-September, official data showed Tuesday, but there were signs activity was slowly picking up as coronavirus restrictions eased and more businesses reopened.President Rodrigo Duterte's government has been gradually loosening measures introduced in March to contain the...

Dealers in India consider legal action against Harley Davidson

NEW DELHI, Nov 10 (Reuters): Dealers in India for Harley-Davidson Inc said on Tuesday they are exploring legal action against the iconic American motorcycle brand after it effectively exited the market as part of a broader restructuring plan.A number of dealers have hired leading Indian law firm AZB & Partners...

Businessman gets cash voucher on buying Walton fridge

Adnan Niaz, a businessman in Faridpur, received a cash voucher amounting to 500 per cent of the price of a Walton fridge he purchased under the brand's ongoing 'Digital Campaign Season-8', which offers a wide range of benefits for customers, says a statement.Under the nationwide campaign, customers will get either...

China gears up for world's largest online shopping festival

HONG KONG, Nov 10 (AP): Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year's Singles' Day online shopping festival, as the country recovers from the pandemic.The shopping festival, which is the world's largest and falls on Nov. 11 every...

Dollar slips, yen regains lost ground after vaccine progress news

LONDON, Nov 10 (Reuters): The dollar edged down slightly on Tuesday and the Japanese yen recovered some of the previous session's losses after news of progress towards a COVID-19 vaccine boosted risk appetite in global markets.US drugmaker Pfizer Inc and German partner BioNTech said on Monday a large-scale clinical trial...