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

Official data mismatch allows traders to deprive salt farmers

Three government agencies are generating three separate figures of the country's demand for salt, encouraging unscrupulous traders to import the essential item illegally and depriving the local salt farmers of fair price.Bangladesh Tariff commission (BTC) put the figure at about 2.9 million tonnes while National Board of Revenue (NBR) estimates...

50pc Accord-inspected RMG factories lack adequate fire safety system

More than 50 per cent of the garment factories inspected by Accord still lack adequate fire detection and alarm system - one of the major life-threatening safety concerns, according to the platform's latest progress report. Accord - the platform of EU-based global apparel brands, retailers and trade unions - inspected...

HEED Int'l School faces VAT evasion case

Dhaka West VAT Zone of the revenue authority has filed a case against HEED International School, an English medium school operating in the city's Mirpur area, on allegation of evading Tk 11.80 million worth of VAT (value added tax).The case was filed on Tuesday, after an audit team of the...

Concord, DICL to arrange painting contest for children

Concord Entertainment Limited is going to organise a painting competition with Dhaka Ice Cream Industries Limited (DICIL) for the children this year, according to a press release.In this connection, a press conference was held at Fantasy Kingdom at Ashulia recently.Concord Entertainment Company Ltd Executive Director (Marketing) Anup Kumar Sarker, Fantasy...

'City Alo'

City Bank Chairman Aziz Al Kaiser, Managing Director and CEO Mashrur Arefin, IFC Bangladesh Country Manager Wendy Werner, Former Advisors to caretaker government Geetiara Safya Chowdhury and Rokeya Afzal Rahman, among others, launching the bank's dedicated women banking business division titled 'City Alo' in the capital recently

Insurance awareness programme

Guardian Life Insurance Limited and Walton jointly organised an insurance awareness programme at the Walton Corporate Office, Bashundhara in the capital recently with senior executives of the two companies inaugurating the programme

Indian traders burn Chinese goods over blacklisting veto

NEW DELHI, Mar 19 (Reuters): Hundreds of Indian traders burned Chinese goods on Tuesday and urged the government to raise import taxes on them to protest against China's trade and foreign policies.The traders, who also urged consumers to boycott Chinese imports, are concerned that Chinese products are hurting Indian manufacturers.But...

S Lanka wins record foreign investment in oil project

COLOMBO, Mar 19 (AFP): Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery-the single largest foreign investment in the country's history.The Board of Investment of Sri Lanka said construction would begin this weekend on the refinery and storage facility jointly financed by...

Hyundai, Kia to invest $300m in India's Ola

NEW DELHI, , Mar 19 (Reuters): South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms.The move follows the $275 million that the pair invested in Singapore-based ride-hailing firm...

Ford to boost profit-rich US large SUV production again

DETROIT, Mar 19 (Reuters): Ford Motor Co said it will boost US production of its largest sport utility vehicles in a move to grab profits in a market where consumers favour larger, more comfortable vehicles.Ford's Kentucky Truck plant in Louisville will increase the production rate for Ford Expedition and Lincoln...

‘Japan economy in moderate recovery’

TOKYO, Mar 19 (Reuters): Japan's government is expected to keep its view of the economy as "recovering at a moderate pace" in its monthly report for March but not risks from overseas, the Nikkei business daily reported on Tuesday.The government will carefully examine the economic situation over the coming few...

Commerce Minister Tipu Munshi and US Ambassador

Commerce Minister Tipu Munshi and US Ambassador to Bangladesh Earl Robert Miller visiting Cargill - W&W Grains booth during inauguration of the 26th US Trade Show at a city hotel recently

Chairman of S. Alam Group

Chairman of S. Alam Group and Director of Northern General Insurance Co. Ltd. Md. Saiful Alam presiding over the 195th board meeting of the insurance company at its head office in the city recently. Vice Chairman of the company Mohammad Azam, CEO Abdul Haque FCA and other directors were also...