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

Crisis body meet ends sans fixing deadline

A meeting of the crisis management core committee under labour ministry ended on Monday, without fixing any deadline for paying the monthly wages and festival allowances to the country's garment workers.Besides, leaders from the apparel sector proposed to pay wages for 15 days of May before Eid, meeting sources said....

PPPA to float tenders next month for developing tourism projects

The PPP Authority is set to start by next month searching private investors for developing its tourism sector projects in four potential districts.Officials said the Public Private Partnership Authority (PPPA) endorsed four projects of Bangladesh Parjatan Corporation (BPC) three to four years ago for developing international standard hotels, tourism complexes...

Traders selling beef at high prices ignoring govt order

Essential protein item red meats are being sold at prices prohibitive for the commoners at the city markets defying the government's order in this regard for Ramadan.Visiting different markets and shops on Monday, the FE correspondent noticed that beef and other red meats were traded at their previous high rates,...

Hatil continues to widen global presence

Bangladeshi furniture brand Hatil has been using state of the art technologies like robots in its factory to widen its global presence.Use of the latest technology helps the company manufacture world class furniture, ensure maximum output, consume less time and reduce environmental hazard, said its officials.The company recently organised a...

Handicraft exports witness uptrend

The export earnings from handicraft witnessed upward trend during the July-April period of the current financial year, reports BSS.The country earned a total of US $17.16 million from handicraft exports in 10 months (July-April) of fiscal year 2018-19. The amount is 21.88 per cent higher than the same period of...

IFIL gets new chairman, vice chairman

Rezakul Haider Bakhtiar Alam Rezakul Haider has been elected Chairman of the Executive Committee of Islamic Finance and Investment Limited (IFIL) while S M Bakhtiar Alam elected Vice Chairman of the bank's Board of Directors, says a statement.They were elected at the IFIL's 251st meeting in the city recently.Before the...

Trump warns China not to retaliate against US trade tariffs

WASHINGTON, May 13 (AFP): President Donald Trump on Monday warned China not to retaliate after Washington raised punitive duties on $200 billion worth of Chinese imports to 25 per cent from 10 per cent."China should not retaliate-will only get worse!" Trump wrote in a flurry of tweets on trade.The tariffs...

BD inks deal with IOM to support migrants

Bangladesh on Monday signed an agreement with the International Organization for Migration (IOM) for providing necessary support to the migrants who returned home with loan burden. Additional Secretary of the Economic Relations Division (ERD) Sultana Afroz and IOM Deputy Chief of Mission Sharon Dimanche signed the agreements on behalf of...

Export, import may rise in May, June

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has projected a rise in the country's export earnings and import value at the end of this month (May) and the next month (June).The foreign currency reserve is expected to rise in May to US$ 32,820 million from $ 32,450 million...

Commercial Bank of Ceylon PLC sings MoU with Square Hospitals

Chief Operating Officer of Commercial Bank of Ceylon PLC (CBC) Najith Meewanage and Chief Administrative Officer of Square Hospitals Ltd. Md. Esam Ebne Yousuf Siddique signing a memorandum of understanding (MoU) on behalf of their respective companies at the hospital's administrative office recently to offer zero interest EMI facility to...

SIBL Quazi Osman Ali speaking

Managing Director and Chief Executive Officer (CEO) of Social Islami Bank Limited (SIBL) Quazi Osman Ali speaking at a workshop on 'Banking Service Under Shariah', organised by the bank in the city recently with officials of SIBL's branches present

Md Saleh Iqbal presiding over a discussion

Senior Executive Vice President of Islami Bank Bangladesh Ltd (IBBL) Md Saleh Iqbal presiding over a discussion on 'Siam, Taqwa, Sadakah and Waqf' and Iftar Mahfil, organised by IBBL Bangshal Branch in honour of its clients and well-wishers in the city recently with Deputy Managing Director Abu Reza Md Yeahia,...

Bitcoin holds above $7,000 after hitting nine-month high

LONDON, May 13 (Reuters): Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency's 2019 rally gathered steam.Bitcoin was last up 1.1 per cent at $7,056 on the Bitstamp exchange after soaring 14 per cent on Saturday - its second largest daily jump this year -...

Novartis vows to fight US price-fixing claims

ZURICH, May 13 (Reuters): Novartis said on Monday claims of price fixing against its Sandoz generics unit amid a US probe of 20 drugmakers are without merit, with the Swiss company vowing to fight allegations in a lawsuit filed last week."We believe that these claims are without merit and will...

Amir Uddin PPM presiding over the 186th audit committee meeting

Al-Arafah Islami Bank Limited Audit Committee Chairman Amir Uddin PPM presiding over the 186th audit committee meeting of the bank at Al-Arafah Tower on Sunday in presence of members of the committee Md Abdus Salam, Abdul Malek Molla, Niaz Ahmed, Khalid Rahim, Managing Director and CEO Farman R Chowdhury, DMD...