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

Tissue paper industry thrives on growing demand

The tissue paper industry, mostly led by local factories, has kept booming in the country due to a change in the people's lifestyle with rising incomes. The paper napkin turned into a Tk 15.0 billion market from Tk 500 million in the past 10 years with 80 per cent of...

48pc find it difficult to contact corporate buyers

Forty-eight per cent of women-owned businesses in Bangladesh experience difficulty in making connections to corporate buyers, according to a survey. During interviews, they noted that establishing networks in the sourcing departments of large corporations is complex and non-transparent.WEConnect Internati-onal conducted the survey to identify potential points of market entry for...

Remediation of left-out RMG factories to cost $1.2b

An estimated US$1.2 billion would be required for remediating the safety hazards in the readymade garment factories left out of the safety inspection and remediation process so far, according to a report of the NYU Stern Centre for Business and Human Rights.Most of them are subcontracting factories where no inspections...

Better Buying, ETI team up to endorse reliable purchase

Better Buying and Ethical Trading Initiative (ETI) are going to collaborate in Bangladesh to support and promote responsible buying practices within the garment industry supply chains. Through the partnership, an 18-month programme, Bangladeshi suppliers would be invited to evaluate their buyers anonymously by using Better Buying online rating platform, according...

Set compensation standard for industrial disaster survivors

The country is yet to set a compensation standard for the dead and survivors of any industrial accident even five years after Rana Plaza collapse, the worst garment factory disaster in Bangladesh, participants at a dialogue said on Tuesday.Rana Plaza, a five-storey commercial building complex at Savar upazila, caved in...

‘Remove sectoral constraints to raise export competitiveness’

The 5th SME Development Working Committee (SMEDWC) Meeting of Business Initiative Leading Development (BUILD) put thrust on removing sectoral constraints for raising export competitiveness.The meeting took place at the conference room of the Ministry of Industries recently, said a statement.Chaired by Muhammed Abdullah, Secretary of Ministry of Industries, the meeting...

BKB Halkhata festival fetches highest earnings

Bangladesh Krishi Bank (BKB) arranged 'Shuvo Halkhata' in all of its 1031 branches recently.A number of 1,29,581 loanees repaid loans worth Tk 4.75 billion of which Tk. 861.7 million was classified, said a statement.During the festival, BKB disbursed fresh loan of Tk. 3.90 billion among 26,470 borrowers.An amount of new...

US company offers scholarships for BD IT students

The US-based IT company People N Tech offers US$1.0 million worth of scholarships for Bangladeshi IT students.In the next one year, the Bangladeshi students would get better training under the scholarship programme to make them fir for the job markets in the USA and Canada, the company, says a statement.A...

BD has 150m cell phone users

The total number of Bangladesh's mobile phone subscribers reached nearly 150 million at the end of February, 3.66 million new users added in the first two months of the year, statistics of the country's telecom regulator showed on Tuesday, according to a report by www.canindia.com. The number of subscribers in...

News Briefs-(18-04-2018)

AIBL donates Tk 1.0m for construction of hospitalAl-Arafah Islami Bank Limited (AIBL) on Tuesday donated Tk 1.0 million to General and Cancer Hospital Research Foundation and Diabetes Centre for the construction of its new hospital near Dhaka-Chittagong Highway under its Corporate Social Responsibility (CSR). Chairman of the bank Abdus Samad...

Prime Minister Sheikh Hasina receiving a donation cheque for Tk 10 million from Chairman of the Board of Directors of Modhumoti Bank

Prime Minister Sheikh Hasina receiving a donation cheque for Tk 10 million from Chairman of the Board of Directors of Modhumoti Bank Limited Humayun Kabir for the PM’s Relief and Welfare Fund at Ganobhaban in the city recently

Great Wall Ceramic Ind Ltd, annual dealers' conference in Bangkok

Managing Director of Great Wall Ceramic Ind Ltd Alhajj Mohammed Shamsul Huda posing with high officials of sales and marketing department of the company and dealers at its annual dealers' conference in Bangkok recently

Nestle, retailers nearing compromise

ZURICH, Apr 17 (Reuters): Swiss food group Nestle and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday.Edeka, Germany's largest supermarket group, had written to its stores this month...

Ansar VDP Unnayan Bank

Managing Director of Ansar VDP Unnayan Bank Mohammad Jalaluddin and General Manager of Bangladesh Bank Monoj Kanti Bairagi signing a Tk 2.0 billion (Tk 200 crore) loan agreement at a ceremony in the capital recently

China to relax foreign ownership limits meeting demand of US, other states

BEIJING, Apr 17 (AFP): China announced Tuesday a timeline to open up its manufacturing sector including scrapping ownership limits for foreign automakers, shipbuilders and aircraft firms-addressing a contentious issue in its trade dispute with the United States.The liberalisation meets a longtime demand of the US and other countries seeking better...