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

57 eateries rank high in survey

A total of 57 hotels and restaurants in the city have been ranked 'A+' or 'A' on the basis of food safety and hygiene standards they are maintaining. Bangladesh Food Safety Authority (BFSA), which is under the ministry of food, rated the eateries after inspecting overall food safety and hygienic...

Govt to consider cash incentive for RMG accessories: Mannan

Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) on Sunday awarded 13 companies for their contribution to the local garment industry and export trade.Planning Minister MA Mannan, as the chief guest, handed over the gold, silver and bronze trophies to the winners under four categories - small, medium,...

New platform wants to break 'bad tradition' of selecting leadership

Expressing its eagerness to contest the election to the BGMEA this year, apparel makers' platform Shadhinata Parishad has expressed its reservation against any selection process to choose the leadership of the trade body. It alleged that a platform of former presidents of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Adani Wilmar to invest $400m in Mirsarai Economic Zone

Adani Wilmar Limited, a joint venture of India and Singapore-based two companies, is set to invest US $400 million in Bangabandhu Sheikh Mujib Industrial City in Chattogram region to establish agro-based factories, officials said.It will manufacture import-substitute food items in 11 industrial units on 100 acres of land and create...

Lub-reff brings in fuel efficient, green techs

Lub-rref (Bangladesh) Ltd., manufacturer of BNO lubricants, has introduced two new technologies related to engine and transfer oil aiming to increase fuel efficiency, enhance engine lifetime and improve performance.The two technologies, called 'Naphthenic-based Transformer Oil' and 'Nano Technology in lubricants' have been developed in cooperation with two European companies.Lub-rref introduced...

Toyota, Panasonic to set up EV battery in 2020

TOKYO, Jan 20 (Reuters): Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.The joint venture, to be owned 51 per cent by...

China sets to post slowest growth in 28 years in 2018

BEIJING, Jan 20 (Reuters): China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.Growing signs of weakness in...

Rosneft-led Nayara Energy to invest $850 in Indian business

NEW DELHI, Jan 20 (TASS): Indian company Nayara Energy, in which Russian state oil giant Rosneft holds a 49.13 per cent-stake, has signed an agreement with the administration of India's Gujarat state two memorandums of understanding (MoU) to invest $850 in expanding the Vadinar refinery there.The documents were signed during...

Delhi to become top trade partner of UAE by 2020

DUBAI, Jan 20 (Xinhua): India is expected to become the top trade partner of the United Arab Emirates (UAE) in 2020 through doubling their annual trade volume, a UAE minister said Saturday.The annual trade volume between India and the UAE, which stood at 57 billion US dollars in the past...

News Briefs- (21-1-2019)

Sweden grants Tk 180m to develop BBS capacityThe Swedish government will provide SEK 20 million or Tk 180 million as grants under a programme to develop institutional capacity in statistics in Bangladesh. The programme aims at ensuring increased access to quality statistics for the society by supporting the position of...

Md. Shahidul Islam Bakul MP (Natore-1)

Md. Shahidul Islam Bakul MP (Natore-1), BB Banking Reforms Advisor SK Sur Chowdhury and AMD of Southeast Bank S.M. Mainuddin Chowdhury, among others, posing with a bicycle at Natore on Saturday. As a part of its CSR, the bank donated 50 bicycles among underprivileged schoolgirls of Lalpur-Bagatipara Upazila in the...

PGCB's 22nd annual general meeting

Chairman, directors and high officials of Power Grid Company of Bangladesh (PGCB) Ltd. attending the company's 22nd annual general meeting (AGM) at Mukti Hall of Bidyut Bhaban in the capital on Saturday where they approved 17 per cent cash dividend for its shareholders for 2017-18

Inaugural ceremony of 14th branch of Shimanto Bank

Kushtia Sector Commander of Border Guard Bangladesh (BGB) Colonel Benazir Ahmed and Chief Operating Officer (COO) of Shimanto Bank Ltd. Rafiqul Islam in a photo session with others at the inaugural ceremony of the 14th branch of the bank and its 15th ATM booth at Pragpur union under Daulatpur upazila...

Posing after three MoU signing at BARI conference

Bangladesh Agricultural Research Institute (BARI) Director General Dr Abul Kalam Azad, Director (Training and Communication) Dr Md Abdul Wohab and Director (Planning and Evaluation) Dr Syed Nurul Alam, Metal (Pvt) Ltd Managing Director Engr Sadid Jamil, RK Metal Proprietor Paritosh Kumar Malo, Mahbub Engineering Workshop Proprietor Md Mahbubur Rahman Khan...