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

Onion wholesale prices lower but retail market static

CHATTOGRAM, Oct 18: People's queue at open market sales trucks of the Trading Corporation of Bangladesh (TCB) is getting longer day by day for buying onion at subsidised rate in Chattogram though the stock of the kitchen staple in the port city is said to be satisfactory now after arrival...

StaChart, Obhizatrik Foundation distribute fresh food packages among people

Standard Chartered Bangladesh has partnered with Obhizatrik Foundation to distribute fresh food packages consisting of organic fruits and vegetables to serve the immediate needs of distressed communities in Dhaka and Chattogram, said a press release. Under the initiative, the food packages will reach 40,000 families, supporting 200,000 direct beneficiaries. The...

Western Marine builds tugboat for Payra Port

Western Marine Shipyard launched a tugboat named 'Tiakhali-1' for the Payra Port authority in the river Karnaphuli in Chattogram on Sunday.The 60 ton bollard pull tugboat built by the Western Marine is so far the most powerful tug in Bangladesh, the company said in a press release. It also said...

87 entities get BASIS Outsourcing Award

Some 87 entities were recognised at '6th BASIS Outsourcing Award 2020' for their outstanding performance in outsourcing industry in last one year.The awards were given in five categories-seven each in outsourcing organisation and start-up categories, 16 in export excellence, 54 at district level and three in women category, said a...

BSCIC estate to create 5,000 jobs in Rajshahi

RAJSHAHI, Oct 18 (BSS): Development work of the second industrial estate of Bangladesh Small and Cottage Industries Corporation (BSCIC) is progressing aimed at generating employment opportunities for more than 5,000 people in Rajshahi.The estate being developed on 50 acres of land at Parila Kechuatoil area under Paba upazila in the...

17th Board Meeting of Community Bank Bangladesh

The 17th Board Meeting of Community Bank Bangladesh Limited was held at the Police Headquarters in Dhaka on Sunday. The meeting was chaired by Inspector General of Bangladesh Police and Chairman of Community Bank Bangladesh Limited Dr Benazir Ahmed BPM (Bar).

"BUP Career and Education Fest-2020"

Bangladesh University of Professionals (BUP) Vice Chancellor Maj Gen Ataul Hakim Sarwar Hasan and Beximco Yellow General Manager (Head of Operations) Hadi SA Chowdhury attended, among others, the inaugural function of six-day "BUP Career and Education Fest-2020" organised by BUP Career Club under the supervision of the Business Administration in...

US retail sales blow expectations, dark clouds gathering

WASHINGTON, Oct 18 (Reuters): US retail sales accelerated in September, rounding out a strong quarter of economic activity, but the recovery from the Covid-19 recession is at a crossroads as government money runs out and companies continue to layoff workers.New coronavirus cases are also surging across the country, which could...

CBSL approves Covid-19 relief loans

COLOMBO, Oct 18 (Xinhua): The Central Bank of Sri Lanka (CBSL) has approved 966 million US dollars worth of loans under a relief programme for Covid-19 affected businesses, local media reported on Sunday.A total of 61,907 applications for loans under the Saubagya Covid-19 Renaissance facility has been approved according to...

China passes export-control law following US moves

SHANGHAI, Oct 18 (Reuters): China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.The Xinhua news report late on Saturday did not name any target countries, but the United States...

'Frozen food package polluted by living virus could cause infection

BEIJING, Oct 18 (Reuters): China's disease control authority said on Saturday that contact with frozen food packaging contaminated by living new coronavirus could cause infection.The conclusion came as the Chinese Centre for Disease Control and Prevention (CDC) detected and isolated living coronavirus on the outer packaging of frozen cod during...

Renault says eight-year plan can turn round carmaker

BARCELONA, Oct 18 (Reuters): French carmaker Renault will unveil an eight-year plan next year as the group contends with a demand slump exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in a newspaper interview published on Sunday.De Meo had flagged last month that Renault might have to...