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

Trade leaders urge govt to formulate business friendly labour rules

Business leaders urged the government Tuesday to formulate business friendly labour rules in consultation with all the stakeholders mainly to pave the way for employment generation. They also suggested not to concentrate only on one sector or specific issues rather consider the whole socio-economic scenario of the country in this...

Action plan for realising potential of the Bali outcome

The Ninth Ministerial Conference (MC9) of the World Trade Organisation (WTO) which was held in Bali on December 3-6, 2013 has created a new benchmark for the faltering Doha Development Round (DDR). Since the launch of the DDR in 2001, the international economy has undergone significant changes. This has happened...

Cheaper Tablet getting popular

Low-cost mobile computer, popularly known as 'Tablet,' is getting popularity in the country like other countries of the world for its flexible nature to browse internet. The device that is smaller than laptop and bigger than smart phone has huge facility, especially light weight, easily portable and wide screen helps...

Govt to review new power connection

State Minister for Power Nasrul Hamid on Tuesday said that the pre-condition of 5.0 per cent solar power introduction before obtaining new electricity connection will be reviewed soon. "I think, this precondition was a request, not mandatory, from the government to encourage solar power use in the electricity consumption," he...

UAE urged to recruit more Bangladeshi manpower

Prime Minister (PM) Sheikh Hasina today requested the United Arab Emirate (UAE) government to recruit more Bangladeshi manpower, particularly the skilled and semi-skilled workers, reports BSS. "Bangladesh produces qualified engineers, doctors, nurses, paramedics, IT experts and certified accountants which could meet the growing demand of the UAE," she said. The...

PM urges N Korea to boost trade with Bangladesh

Sheikh Hasina also urged the North Korean government to boost trade with Bangladesh and import pharmaceutical, ceramic and garment products. "North Korea can import world class Bangladeshi products such as pharmaceuticals, ceramics and readymade garments," she said. Sheikh Hasina came up with the request when newly-appointed North Korean Ambassador to...

News Briefs

Amu for improving services at BSCIC industrial parks Industries Minister Amir Hossain Amu on Tuesday stressed improving services at district-level industrial parks under the Bangladesh Small and Cottage Industries Corporation (BSCIC). At a meeting with BSCIC officials at the Industries Ministry, Amu said the service charges at BSCIC industrial parks...

Photo: Prime Minister (PM) Sheikh Hasina

Photo: Investment Corporation of Bangladesh

Indonesia sees 25pc investment hike last year

JAKARTA, Jan 21 (Xinhua): Total investment in Indonesia last year scaled up by 25 per cent to 398.6 trillion rupiah (some US$32.88 billion), a minister said on Tuesday, despite of the country's subdued economic growth and risks of US plan of reducing fund injection. Foreign direct investment touched 270.4 trillion...

PBoC adds cash ahead of holiday

BEIJING, Jan 21 (AFP): China's central bank said Tuesday it injected cash into the country's financial system, in a move seen as heading off a potential liquidity crunch ahead of the country's lunar new year holiday. The People's Bank of China (PBoC) injected 255 billion yuan ($42.1 billion) worth of...

High economic growth \\\'fails to make many Filipinos happy\\\'

MANILA, Jan 21 (Xinhua): The quality of life of most Filipinos has worsened during the past year notwithstanding the much-ballyhooed economic growth of the country, dubbed as among the highest in the region. A survey conducted last December by Pulse Asia, Inc., a respected survey firm here, showed that 55...

Cambodia\\\'s economy achieves 7 per cent growth in 2013

PHNOM PENH, Jan 21 (Xinhua): Cambodia's economy grew by 7 per cent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of 2012, which was up to 7.3 per cent. "In 2013,...

EBRD cuts growth forecast for crisis-hit Turkey

LONDON, Jan 21 (AFP): The European Bank for Reconstruction and Development (EBRD) on Tuesday cut its economic growth forecast for Turkey, blaming the impact of a deep political crisis and tighter US monetary policy. The London-based EBRD also trimmed its gross domestic product (GDP) growth forecast for its operating zone,...

German investor sentiment stalls, but recovery intact

FRANKFURT, Jan 21 (AFP): Investment sentiment in Germany stalled unexpectedly in January after rising to a seven-year high the previous month, but recovery of Europe's top economy remains intact, a survey found on Tuesday. The widely watched investor confidence index calculated by the ZEW economic institute inched down by 0.3...