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

Uber launches bike-sharing riding on four-wheeler response

Ridesharing app Uber launched its bike-sharing version 'uberMOTO' in Dhaka on Tuesday, thus venturing into the thriving local market for two-wheeler ride sharing.The global tech giant entered the Bangladesh market back in November last year. However, until recently, Uber's service range was limited to UberX and UberPREMIER-both of which used...

PMO forms expert panel to expedite project work

The government constituted a 12-member body to expedite and supervise the development works for building a multimodal energy hub at seaside Moheshkhali site in Cox's Bazar.Officials said the committee, under overall supervision of Bangladesh Economic Zones Authority (BEZA), comprises representatives of 10 ministries, including the ministries of land, environment and...

Potato exports fall sharply

Country's potato exports have marked a significant fall in recent years despite a production surplus of the vegetable, sector insiders have said. They have attributed an inadequate supply of exportable potato for shipment to such a fall in its export. Exporters made shipment of potato worth US$ 33.82 million in...

ECNEC okays BD-India 3rd power line project

The government approved on Tuesday the installation of Bangladesh-India third cross-border power transmission line project along with nine other projects at a total cost of Tk 33.33 billion.Presided over by Prime Minister Sheikh Hasina, the Executive Committee of the National Economic Council (ECNEC) approved the electricity transmission line project at...

Nasir backs Ctg port workers' demands

CHITTAGONG, Nov 14: Mentioning that various demands of Chittagong Port workers have remained unheeded for a long time, Chittagong City Corporation (CCC) Mayor AJM Nasir Uddin has said their demands deserve attention of the concerned authorities.The demands include treatment of the workers getting injured while performing duties, implementation of the...

Hisense to buy Toshiba TV unit

TOKYO, Nov 14 (AFP): Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China's Hisense Group as part of its efforts to restore its balance sheet. Toshiba agreed with the Chinese group to sell 95 per cent in shares of its unit Toshiba Visual...

IT spending in India to hit $87b in 2018

PANAJI, Nov 14: Riding on the wave of digital transformation, the IT spending in India is forecast to hit $87.1 billion in 2018 -- an increase of 9.2 per cent from $79.7 billion (estimated) this year, Gartner said on Tuesday, reports IANS.Enterprise software and IT services continue to exhibit strong...

Chubb creates new division for SMEs in Asia Pacific

SINGAPORE, Nov 14: Chubb, the world's largest publicly traded property and casualty insurance company, announced on Tuesday the establishment of a division in Asia Pacific dedicated to the risk management needs of Small and Medium Enterprises (SMEs). This new business division focuses solely on delivering a sustainable value proposition to...

Chairman of Akij Group Sheikh Nasir Uddin named a CIP

Chairman of Akij Group Sheikh Nasir Uddin has been named a commercially important person (CIP) for the fourth time and received the CIP card from commerce minister Tofail Ahmed at a function in Dhaka recently.

Chairman and co-founder of ServicEngine BPO A S M Mohiuddin Monem receiving the CIP card

Chairman and co-founder of ServicEngine BPO A S M Mohiuddin Monem receiving the CIP card for his contribution to the export trade in software from commerce minister Tofail Ahmed at a function in Dhaka on Sunday. Related photo on page 17