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

RMG export to major destinations witnesses negative growth in Q1

The country's readymade garment (RMG) export to major destinations including European Union, Canada and some other non-traditional markets witnessed negative growth during the first quarter (Q1) of the current fiscal year (FY 2019-20).However, the export to the United States of America during the July-September period witnessed a meager growth of...

Transport bodies trail badly for staffers

Transport agencies have long been lacking in skilled manpower, simply affecting the country's vital sector from planning to execution and regulatory stages.As such, the sector is gripped with problems like increased road casualties, geriatric vehicles, rickety roads and chaotic traffic system.Vacancies in road transport and bridges ministry and its allied...

Dhaka, Victoria ink deal on manpower recruitment

Dhaka and Victoria on Monday signed a deal on manpower recruitment, paving the way for resumption of manpower export from Bangladesh to Seychelles. Expatriates Welfare and Overseas Employment Minister Imran Ahmed and Employment, Immigration and Civil Status Minister of the East African country Myriam Telemaque signed the agreement in Victoria...

Exhibition aims to protect tradition from extinction

A four-day fair on handloom styled 'Heritage Handloom Festival-2019' will kick off on Wednesday in the city aimed at promoting local handloom products and protecting the traditional items from extinction.SME Foundation and Association of Fashion Designers of Bangladesh (AFDB) with the support of the Ministry of Cultural Affairs will jointly...

Lubb-rref BD arranges seminar in Ctg

A two-part international seminar, under the aegis of Lub-rref (Bangladesh) Limited (BNO Lubricants), was held at Hotel Agrabad in Chattogram city recently, says a statement.In the first half of the day-long seminar, Regional Director for South-East Asia and Japan of FMSI Singapore Pte. Limited Kjell Sudenius and Head of Sales...

C'wealth finance ministers for taxing digital commerce

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerce, reports BSS.Ministers have therefore agreed that the Commonwealth should bring its powerful collective voice to ongoing discussions at the Organisation for Economic Co-operation and...

DNCRP fines 79 shops, outlets for adulteration

The Directorate of National Consumer Rights Protection (DNCRP) fined 79 companies Tk 0.31 million (Tk 3,18,000) on various charges in the capital on Sunday, reports BSS.The DNCRP launched drives in the city as the part of authorities' move to stop selling adulterated food items and goods and free the consumers...

Tipu Munshi off to India to attend two events

The two-day India-Bangladesh Stakeholders' Meet is set to begin in Guwahati of India's Assam State today ( Tuesday), reports UNB.Commerce Minister Tipu Munshi will attend the meet, said an official on Monday. The official said Tipu Munshi left Dhaka for India on Monday morning.The commerce minister will also attend another...

BD sets unique example in women empowerment: Speaker

As the government is implementing time-befitting policies on ensuring the rights of women and promoting their empowerment, the country has set a unique example in women empowerment in the globe.This was stated by Jatiya Sangsad (Parliament) Speaker Dr Shirin Sharmin Chaudhury during a meeting with the members of a delegation...

Agrani Bank gets new GM

Dr. Md. Abdullah-Al-Mamun, Deputy General Manager of Agrani Bank Limited, has been promoted to General Manager of the state-owned commercial bank, says a statement.After his elevation, he took over the charges at the Amin Court Branch of the bank recently. He joined Agrani Bank as a senior officer in 1989.

Director of Al-Arafah Islami Bank

Director of Al-Arafah Islami Bank Limited Md. Anowar Hossain (5th from R) and Managing Director and CEO Farman R Chowdhury (6th from R) inaugurating the bank's 177th branch at New Market in Dhaka on Monday, with directors and senior executives of the bank present

aamra networks

Managing Director and Chief Executive Officer of aamra networks limited Syed Farhad Ahmed (5th from L, front row) posing for photograph with others at an award-giving ceremony at the Microsoft Envision Forum 2019 at a city hotel recently. aamra got two prestigious awards at the Forum

China seeks $2.4b in sanctions against US, says WTO

GENEVA, Oct 21 (Reuters): China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, a document published on Monday showed.WTO appeals judges said in July that the United States did not fully comply...

Saudi Arabia’s new 100pc shisha tax sparks fury

RIYADH, Oct 21 (AFP): A decision to impose a 100 per cent tax on bills at restaurants that serve shisha has ignited criticism on social media in Saudi Arabia, where the water pipes are a popular pastime.The furore has also been fuelled by confusion over how the tax is applied.In...

Policymakers struggling to alleviate pain of slowing global economy

WASHINGTON, Oct 21 (Arab News): The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.In an ideal world, elected officials would...