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

Brands to monitor factories collectively or individually

The Alliance signatory brands are now working on continuation of workplace safety monitoring of their respective local suppliers collectively or individually after the expiry of the platform's tenure in December this year, sources said. The platform of 20 North America-based apparel brands and companies has long been pushing the stakeholders...

Leather tech expo begins in city Thursday

A three-day leather technology fair begins in the city on Thursday, aiming to bring global technology to the doorsteps of the local industry for its modernization and growth.The sixth edition of the fair titled 'Leathertech Bangladesh -2018' will be held at the International Convention City, Bashundhara (ICCB) as the event...

'Funding Mechanism for Entrepreneurs' Workshop on Nov 24

Ra'dia Inc. in association with Bizz Solutions Ltd. (BSL) will organise a workshop on 'Funding Mechanism for Entrepreneurs' on November 24, says a press release.The workshop will begin at 2:30 pm at BSL office at City Centre in the city's Motijheel area and will continue until 6:30 pm. The mechanism...

Suad Garments pays dues to factory workers

Authority of Suad Garments Industries Limited which was closed for not being able to run the business for various complications, paid the dues of the workers of its factory recently.They paid a total of Tk 200 million (Tk 20 crore) to 2,779 workers of the Kuwait-Bangladesh joint venture garment factory...

SBAC Bank Director Abdul Kadir Molla inaugurating bank's 67th branch

South Bangla Agriculture & Commerce (SBAC) Bank Limited Director Abdul Kadir Molla inaugurating the bank's 67th branch at Bhulta in Rupgonj of Narayanganj on Sunday while the bank's AMD Mostafa Jalal Uddin Ahmed and other senior executives were present

Singapore Q3 GDP growth losing momentum

SINGAPORE, Nov 19 (Reuters): Singapore is expected to report slower third-quarter economic growth than initially thought, a Reuters poll showed.The poll found Singapore's manufacturing sector faced strains from weaker global demand and an intensifying trade dispute between the United States and China.The government's finalised gross domestic product (GDP) was forecast...

European chipmakers play down reliance on iPhone production

BARCELONA, Nov 19 (Reuters): European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers.Recent price falls due to weaker demand for memory chips and a build-up...

German minister looks to tax cuts

BERLIN, Nov 19 (Reuters): Germany needs a package of tax cuts and other measures to shore up economic growth in the long term, Economy Minister Peter Altmaier said in an interview published on Sunday, days after the country posted its first economic contraction since 2015.Altmaier, a member of Chancellor Angela...

Lankan rupee falls to record low

COLOMBO, Nov 19 (Reuters): The Sri Lankan rupee fell to a record low on Monday as political uncertainty deepened a day after President Maithripala Sirisena called for a third vote on a no-confidence motion against Prime Minister Mahinda Rajapaksa.Sirisena's move comes after Rajapaksa, his choice to lead the government, was...

SE Asia's internet economy to exceed $240b by 2025: Study

Southeast Asia's internet economy is predicted to exceed $240 billion by 2025 as affordable mobile internet drives rapid growth in sectors such as e-commerce and ride-hailing, according to a new study released by Google and Singapore's Temasek Holdings on Monday.That's $40 billion more than a previous estimate the companies made...

Maldives 'set to pull out' of China free trade deal

MALE, Nov 19 (Reuters): The Maldives' new government will pull out of a free trade agreement (FTA) with China because it was a mistake for the tiny nation to strike such a pact with the world's second biggest economy, the head of the largest party in the ruling alliance said.It...

'Foreign Remittance and AML/CFT/Anti-Fraud'

Mohammad Shams-Ul Islam, Managing Director and CEO of Agrani Bank Limited, inaugurating a Refresher Training Course on 'Foreign Remittance and AML/CFT/Anti-Fraud' at the BDS Auditorium in Barishal on Saturday

Chinese company invests in fintech start-up in Berlin

One of China's biggest financial conglomerates announced its first venture into continental Europe on Monday, reports CNBC.Ping An Insurance Group's Global Voyager Investment Fund is leading the latest funding round worth 41.5 million euros ($47 million) for Finleap, a Berlin-based financial technology (fintech) company. Finleap provides technology to build digital...

Dollar pauses as Fed officials caution about global growth

SINGAPORE, Nov 19 (Reuters): The dollar eased slightly versus other major currencies on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future US interest rate increases.The greenback has enjoyed a strong run this year thanks to the Fed's steady...

Vietnam, Russia eye to triple bilateral trade

HANOI, Nov 19 (Reuters): Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion by 2020 from $3.55 billion last year, while expanding energy ties.Russia is Vietnam's biggest weapons supplier and Russian companies are involved in several Vietnamese energy projects."We have agreed to cooperate more closely...