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

Mashiur favours regulatory body to police transport business

Economic Adviser to the Prime Minister Dr Mashiur Rahman said Tuesday that the country needs a single regulatory body to coordinate multimodal transports, which can help accelerate growth."There are administrative agencies running separately for various modes of transports but there is no single authority to coordinate the multimodal transports. Now,...

Cos launch new brands as tea expo concludes

The second edition of tea exposition concluded on Tuesday in Dhaka, generating enthusiasm among companies and visitors.Organisers and participants of the 'Bangladesh Tea Expo-2018' said the event had become a gathering point for consumers and tea producers to exchange views on tea products and sectoral know-how. Throughout the expo, tea...

bKash signs deal with Netizen IT

bKash Limited, the largest mobile financial service provider in the country, signed an agreement recently with Netizen IT Limited, an education software management company, said a statement. This will allow bKash customers to make payment of various fees at schools and colleges though their bKash accounts. The deal would facilitate...

Total holds LPG awareness programme

The French multinational energy operator "TOTAL" organised "Total Anonnya" programme at Shohid Rowshon Ali Khan Mohabiddaloy in Tangail. State minister for women and children affairs Meher Afroze Chumki inaugurated the programme. The objective of "Total Anonnya" programme is to create the awareness of LPG as a safe energy on cooking...

Meher Afroze Chumki inaugurates "Total Anonnya" programme

State Minister for women and children affairs Meher Afroze Chumki inaugurates "Total Anonnya" programme recently in Tangail to raise awareness about LP gas. Monzur-Morshed Siddiqui, Managing Director of Total Bangladesh, also attends the programme.

Call to use hollow blocks in construction

Experts have urged to use green technology for construction. They said the country's construction sector should use eco-friendly materials like hollow blocks, aiming to protect the environment and lower the cost of construction.They said traditional bricks' manufacturing is not only harmful for environment but also requires top soil of agricultural...

Taxpayers playing key role in building self-reliant Bangladesh: Economists

Economists at a seminar on Tuesday said taxpayers are playing the most vital role in building a self-reliant Bangladesh through strengthening the country's economy and accelerating the pace of development.They put emphasis on creating awareness for increasing the number of taxpayers and making the taxpaying methods easier side by side...

Indian software services sector to grow 7-9pc in FY19

HYDERABAD, India, Feb 20 (Reuters): India's software services sector will see revenue growth of 7-9 per cent in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday."The current outlook is one of cautious optimism," said R. Chandrashekhar, president of the National Association...

South Korea designates Gunsan city economic 'crisis zone' as GM shutting factory

SEOUL, Feb 20 (Reuters): The South Korean government has designated the city of Gunsan as a 'crisis zone' for industry and employment, said presidential spokesman Kim Eui-kyeom on Tuesday, after General Motors announced last week it would be shuttering a factory there.Designated crisis zones become eligible for special government subsidies...

Dubai's real estate slump to last until 2020, says S&P

DUBAI, Feb 20 (Reuters): Dubai real estate prices could decline by 10 to 15 per cent over the next two years, hit by new supply, geopolitical risks and the introduction of value added-tax in the United Arab Emirates, S&P Global Ratings' analysts said on Tuesday.The grim prediction came after Dubai...

HSBC annual profit disappoints, plans up to $7.0b capital raising

HONG KONG/LONDON, Feb 20 (Reuters): HSBC Holdings reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise up to $7.0 billion over the next four months to bolster its capital base, as the bank prepares for growth under a new leadership.Europe's biggest lender by...

First reunion of Shyampur Sugar Mills High School

KM Delwar Hossain, Chairman of Bangladesh Sugar and Food Industries Corporation (BSFIC), receives a crest on the occasion of the first reunion of Shyampur Sugar Mills High School in Rangpur recently.

Japan hopes US will return to TPP, says negotiator

TOKYO, Feb 20 (Reuters): Japan welcomes a positive stance by the United States (US) toward an Asia-Pacific trade pact, but indicated that altering the agreement at this point would be very difficult.Japan's chief negotiator for the Trans-Pacific Partnership (TPP), Kazuyoshi Umemoto, told Reuters that an agreement among the remaining 11...

ROK wants 'stern' response to new US tariffs

SEOUL, Feb 20 (AFP): South Korean President Moon Jae-in called Monday for a "stern" response to new US tariffs on the South's exports as concern grew over looming trade restrictions by Washington.US President Donald Trump last week threatened retaliatory action against China and South Korea and vowed to revise or...

Maersk plans to compete with UPS, Fedex as conglomerate breaks up

COPENHAGEN, Feb 20 (Reuters): AP Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday.Maersk, the world's largest container shipping company, has sold off the majority of its energy assets...