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

Accessories makers gird for $12b export target, seek policy support

Garment accessories makers sought on Sunday the government's policy support to raise their exports to $12 billion in a bid to help achieve the export target of $ 50 billion by 2021.The government should provide policy supports including cash incentive and long term low-rated funds to help entrepreneurs meet the...

176 containers come under hammer at Ctg Port today

CHITTAGONG, Jan 21: The Chittagong Port is auctioning off a total of 176 TEUs of empty containers occupying a large area of port premises for over a year.In this regard the Chittagong Port Authority published a public notice for auction on December 27 last in compliance with the order of...

BD seeks duty-free mkt access to Russia

Bangladesh has sought duty and quota free access for its many exportable products to Russia, including ready-made garments (RMG), the facility which it enjoys in European Union (EU) markets."Currently, Bangladesh receives trade benefits in the form of duty-free and quota-free market access for many of its exportable products from many...

RMCCI leaders for industrialisation to accelerate development

RANGPUR, Jan 21 (BSS): Leaders of Rangpur Metropolitan Chamber of Commerce and Industry (RMCCI) have laid emphasis on enhancing industrialisation in the private sector to accelerate economic development in the region.They came up with the opinion at the daylong annual general meeting (AGM) -2017 of the RMCCI in the northern...

G-Gas bottling plant gets fully automated

Energypac Power Generation Ltd., one of the leading energy and power engineering companies, has participated in the recent 5th Asia LPG Summit-2018 with their LPG brand G-GAS, says a statement. The company spokesperson said that the G-Gas already installed state-of-the-art 3000 tonne capacity LPG storage and another 2000 tonne capacity...

Midland Bank opens Sylhet branch

Midland Bank Limited formally opened its Sylhet Branch at Chowhatta of Kotowali Thana in Sylhet Sadar recently, says a statement. Md. Ahsan-uz Zaman, Managing Director & CEO of the bank, formally inaugurated the branch as the chief guest. Khandaker Shipar Ahmed, President, Sylhet Chamber and Commerce and Industries, Salauddin Ali...

Dhaka to urge UAE to recruit more workers

Bangladesh is likely to call on UAE to recruit more workers in their 4th Joint Commission meeting due to be held in Abu Dhabi on February 5-6 with the main focus on boosting the bilateral relations of the two countries, reports BSS."The 4th Joint Commission meeting between Bangladesh and UAE...

Commissionerates in three EPZs for foreigners

The government is going to set up three separate commissionerates for the foreigners working at Mongla, Uttara and Ishwardi Export Processing Zones (EPZs)."These commissionerates will be set up under the supervision of Bangladesh Export Processing Zone Authority (BEPZA)," said an official at the National Board of Revenue (NBR) in the...

Newly-elected Executive Committee of the Metropolitan Chamber of Commerce and Industry, Dhaka

Newly-elected Executive Committee of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) led by its President Nihad Kabir met Commerce Minister Tofail Ahmed at the latter’s office on Sunday.

Annual Conference 2018 of Nitol Insurance Company Limited

The Annual Conference 2018 of Nitol Insurance Company Limited was held recently at the company's head office at Gulshan-1 in the city on Saturday. A K M Monirul Hoque, Chairman and Founder Chairman, S.M Mahbubul Karim, Managing Director & Chief Executive Officer (CEO) and other high officials were present at...

Wipro upbeat on 2018 after profit dip

BENGALURU, Jan 21 (Reuters): India's third-largest software services exporter Wipro expects significant growth in its high-margin digital business this year, it said after reporting a quarterly profit dip on one-off provisions.The company posted net profit down 8.5 per cent year on year in the three months to December 31, but...

Trust Bank Ltd's Managing Director and CEO Faruq Mainuddin

Trust Bank Ltd's Managing Director and CEO (In-charge) Faruq Mainuddin and TransFast Remittance LLC's Country Director and Head of Operations Mohammad Khairuzzaman shake hands after a remittance deal at the Trust Bank Head Office in the capital recently. Other officials of both organisations are also seen.

China bans import of 24 types of solid waste

BEIJING, Jan 21 (AFP): For years China was the world's top destination for recyclable trash, but a ban on certain imports has left nations scrambling to find new dumping grounds for growing piles of garbage. The decision was announced in July and came into force on January 1, giving companies...

Qatari team to visit Kuwait to boost trade relations

DOHA, Jan 21 (Xinhua): A delegation of Qatari businessmen will visit Kuwait to boost bilateral trade ties, Qatar News Agency reported Sunday. A statement of Qatar Chamber of Commerce and Industry (QCCI) said that a group of 55 Qatari businessmen led by Sheikh Khalifa bin Jassem bin Mohammed Al-Thani, the...

Tourism sector uses tech to benefit from tourists’ data

MADRID, Jan 21 (AFP): A hotel room automatically adjusting to the tastes of each guest, virtual reality headsets as brochures: the tourism sector is starting to embrace new technologies, hoping to benefit from lucrative personal data. In a prototype of the hotel of the future on display at Madrid's Fitur...