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

Beef, potato, garlic pricier in capital

The price of beef continued to rise last week in the capital despite a decline in the prices of cattle across the country, depriving consumers of the red meat at reasonable prices.Prices of potato and garlic, one of the staple spices, also showed upward trend in the last seven days...

Most garment workers out of formal banking system

Majority of the garment workers in the country have been left out of the formal banking system as they are paid wages in cash, experts at a panel discussion said Thursday.They also recommended taking up pragmatic and commercially viable projects to bring the large workforce under formal banking system and...

Thai trade fair from Apr 23

A four-day Thai trade fair styled as 'Thailand Week 2018' will begin in the city on April 23, aiming to strengthen the trade relations with Bangladesh. The Department of International Trade Promotion (DITP), Ministry of Commerce, Royal Thai Government, and the Royal Thai Embassy have jointly organised the 17th annual...

China, UAE companies place lowest offers in BD oil import tender

NEW DELHI, Apr 19 (Reuters): Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corporation to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.The state-owned company was seeking between 1.1 million...

Agor industrial park in Moulvibazar soon

Industries Minister Amir Hossain Amu on Thursday said the government will set up an 'Agor industrial park' in Moulvibazar to utilise its potential in the export market, reports UNB.The minister said this while addressing the inaugural ceremony of a two-day annual conference of Bangladesh Small and Cottage Industries Corporation (BSCIC)...

Nasrul Hamid urges German investment in power sector

State Minister for Power and Energy Nasrul Hamid has urged the German businessmen to invest in Bangladesh's power sector, reports UNB.He made the call while addressing the '3rd German-Asia Business Dialogue' in Berlin on Wednesday, according to a message received in Dhaka.The junior minister said Bangladesh poses a potential to...

Midland Bank holds drawing competition

Midland Bank Limited organised a drawing competition for the children of its employees on at Bakultala of fine art faculty of Dhaka University recently, says a press statement. Managing Director and CEO of the bank Md Ahsan-uz Zaman attended the programme as the chief guest and distributed prizes among the...

650 CNG three-wheelers join OBHAI ride

Ride sharing service provider OBHAI has added 650 CNG three-wheelers to its existing fleet in a move to strengthen its services, reports UNB.A signing ceremony among CNG drivers, owners and OBHAI was held at its office in the capital recently, said a press release.Of these 650 CNG three-wheelers, a significant...

BSMRMU holds 16th syndicate meeting

Bangabandhu Sheikh Mujibur Rahman Maritime University (BSMRMU), Bangladesh, held its 16th syndicate meeting at the conference room of the temporary campus at Pallabi in the capital recently.BSMRMU Vice-Chancellor Rear Admiral M Khaled Iqbal presided over the meeting, says a statement.Various important matters of the university were discussed and decisions were...

Alibaba will invest $320m in Thailand

BANGKOK, Apr 19 (Reuters): Alibaba is investing US $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast Asian nation's agricultural goods and for its tourism market amid growing competition from rivals.China's biggest e-commerce company is investing more than 10 billion baht ($320.20...

Amazon launches new app feature targeting international shoppers

NEW YORK, Apr 19 (Reuters): Amazon.com Inc announced a new feature within its Amazon shopping app to cater to international customers shopping for US goods, targeting Brazil, China, Germany and Spanish-speaking markets.International shopping is already an option on many orders from Amazon's US website but the new services are aimed...

Takeda makes unsuccessful bid for Shire

TOKYO, Apr 19 (AFP): Japanese pharmaceutical giant Takeda said on Thursday it had made a takeover bid worth £42 billion ($60 billion) for Ireland's Shire Group but that its offer was rejected.“Discussions between the parties regarding a potential offer are ongoing.”

US tariffs distorting global trade: EU

STRASBOURG, France, Apr 19 (AFP): US steel and aluminium tariffs are already distorting global trade and could undermine the world economic recovery, the EU's top trade official Cecilia Malmstroem warned Wednesday. Malmstroem said the European Union expected nothing less than to be permanently excluded from the US tariffs when the...

Beijing positive on foreign trade

BEIJING, Apr 19 (Xinhua): China's foreign trade outlook remains positive despite seasonal fluctuations and uncertainty arising from protectionism, the Ministry of Commerce (MOC) said Thursday. "The trend of steady development with a positive outlook for the country's foreign trade has not changed," MOC spokesperson Gao Feng told a press conference....

Sri Lanka slaps new tax on gold to curb its imports

COLOMBO, Apr 19 (AFP): Sri Lanka on Wednesday slapped a 15 Per cent tax on gold to curb surging imports that have impacted the trade deficit and put pressure on the exchange rate, officials said. The finance ministry said the tax was reintroduced after a five-year hiatus as authorities detected...