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

Low-cost loan for govt employees to boost housing sector: REHAB

Hailing the government's move to provide low-cost housing loan to its employees, the realtors said it will help turn around the country's real estate sector.They also said such affordable home loan for nearly 1.2 million public servants will also give an impetus to the national economy, as 269 other sectors...

Jute traders demand payment of dues before Eid

Bangladesh Small Jute Traders Association (BSJTA) threatened on Sunday to wage a tough movement if the government fails to pay outstanding dues before the upcoming Eid-ul-Azha."We demand that the government clear the dues totalling Tk 5.0 billion before Eid," BSJTA general secretary Md Harun-Or-Rashid said at a sit-in programme in...

522 industrial units may spew unrest

About 522 textile, jute and ready-made garment factories are exposed to labour unrest over non-payment of wages and festival allowances.Officials said varying bonus amounts, leave as per workers' demand, workload ahead of Eid, claims of torture and factory closures are the key reasons.The Industrial Police (IP) has prepared a list...

China Mobile Hong Kong completes 5G network tests

China Mobile Hong Kong (CMHK) Company Limited is the first network provider in Hong Kong to successfully complete end-to-end 5G network testing (client terminal to application).It made the announcement in a Media OutReach-forwarded statement on Monday.By using CPE (Customer Premises Equipment), the company has successfully built a 5G network that...

BIFFL organises blood donation programme

The Bangladesh Infrastructure Finance Fund Limited (BIFFL), a state-owned company to finance infrastructure projects, organised a voluntary blood donation programme in the capital recently to mark the National Mourning Day which will be observed tomorrow (Wednesday).Executive Director and Chief Executive Officer (CEO) S. M. Formanul Islam inaugurated the programme on...

Trump wants to have dinner with Cook

NEW JERSEY, Aug 13 (Reuters): US President Donald Trump said in a Twitter post that he would have dinner with Apple Inc Chief Executive Officer Tim Cook."Looking forward to dinner tonight with Tim Cook of Apple. He is investing big dollars in USA," said Trump, who is on vacation at...

Qatar’s QIA raises stake in Credit Suisse to 5.21pc

DUBAI, Aug 13 (Reuters): Qatar's sovereign wealth fund, the Qatar Investment Authority, has increased its stake in Swiss bank Credit Suisse to 5.21 per cent."Qatar Investment Authority (QIA) has become the largest investor in Switzerland's Credit Suisse, after increasing its stake to 5.21 per cent," Qatar's state news agency QNA...

Thyssenkrupp needs new strategy, targets not enough: Investor

DUESSELDORF, Aug 13 (Reuters): German group Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive.Thyssenkrupp's mid-term targets announced this week will not be enough to put it back on track, according to one of its investors.Union Investment owns just a 0.2 per cent stake...

Empty shipyard, suicides as 'Hyundai Town' grapples with grim future

ULSAN, South Korea, Aug 13 (Reuters): When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.But the 52-year-old was laid off in January,...

Trump trade rows destroying growth: German minister

FRANKFURT AM MAIN, Aug 13 (AFP): Germany's economy minister has lashed out at US President Donald Trump, slamming his global trade rows and efforts to "dictate" Europe's dealings with Iran through renewed US sanctions.In an interview with German weekly Bild am Sonntag on Sunday, Peter Altmaier warned of the damaging...

CBIRC voices support for more lending

SHANGHAI, Aug 13 (Reuters): China's banking and insurance regulator said it will facilitate the transmission of monetary policy by supporting more lending by financial institutions.The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement posted on its website that it would guide financial institutions to expand financing, including...

298th Board Meeting of SBL

Chairman of the Board of Directors of Standard Bank Limited (SBL) Kazi Akram Uddin Ahmed presiding over the 298th Board Meeting of the bank at the SBL's head office in the capital on Monday with Managing Director and Chief Executive Officer (CEO) Mamun-Ur-Rashid present

EVP and Head of Retail Distributions of MDB Md Ridwanul Hoque

EVP and Head of Retail Distributions of Midland Bank Limited (MDB) Md Ridwanul Hoque and Director (Operations) of Butterfly Marketing Limited (BML) Mahbub-Ur-Rahman Shajib signing an agreement in the city recently, under which MDB Visa Credit Cardholders will enjoy EMI facility at zero per cent interest while purchasing electronic goods...

News Briefs-(14-8-2018)

Workshop for bKash distributors bKash distributors must abide by the stipulated rules in Anti-Money Laundering and Combating Financing of Terrorism (AMLCFT) law properly while carrying on their activities. Shah Alam, deputy inspector general of Criminal Investigation Department (CID) of Police, said this at a training programme for Chattogram bKash distributors...