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

Exporters demand lifting curb on raw jute exports

Local raw jute exporters demanded the government withdraw the restrictions on exports of the commodity in the name of uncut low-grade varieties.In a letter to the Prime Minister's Office on Monday, the Bangladesh Jute Association (BJA) warned that if these two categories of raw jute are not exported, income from...

Global apparel brand agrees to fix B'desh factory flaws

IndustriALL Global Union and UNI Global Union have reached a $2.3 million settlement with a multinational apparel brand to fix life-threatening workplace hazards in Bangladesh's garment factories.The settlement reached through an arbitration process under the legally-binding Bangladesh Accord on Fire and Building Safety represents one of the largest payments made...

Textile materials fair begins Jan 31

A four-day exposition on yarn, fabric, denim, dyes and chemicals will begin later this month aiming to give an impetus to the economy.The expo, scheduled for January 31, will be held in the city's International Convention City Bashundhara (ICCB) and is expected to create greater interaction among the local and...

Govt plans to cut tax rate: Mustafa Kamal

Planning Minister AHM Mustafa Kamal on Monday said that the government is planning to cut tax rate in future with a view to increasing revenue, reports UNB.He said there was no reason why tax rate can't be reduced if government can earn more revenues than now.The minister came up with...

France lures US, UK technology

France was an unlikely choice of location for Mark Heath's new start-up, given that the American's mastery of the French language is, by his own cheerful admission, "atrocious".But the fast-talking New Yorker is among a growing crowd of British and American entrepreneurs drawn to France by an optimistic mood under...

Amazon to open first cashierless shop to public

SAN FRANCISCO, USA, Jan 22 (AFP): Online giant Amazon on Monday plans to open a convenience store in Seattle where hungry customers will be able to grab sandwiches and go, without having to wait in line or use a checkout.The American group unveiled the concept for its cashierless "Amazon Go"...

Pricol, Dongguan Shenpeng Electronics sign partnership deal

NEW DELHI, Jan 22 (Reuters): India's Pricol Limited has signed a partnership agreement with Dongguan Shenpeng Electronics for introducing electric water pumps in Indian market.

News Briefs--(23-01-2018)

ADN, Aptech sign partnership deal ADN Eduservices Limited, a unit of ADN Group, has signed a partnership agreement with Aptech International as the officially-accredited franchise for Aptech Learning Centre in Bangladesh. Aptech Learning includes Aptech Computer Education (ACE), Aptech Hardware and Network Academy (AHNA) and Aptech English Learning Academy (AELA)....

Traders of Dhaka New Market staged demonstration

Traders of Dhaka New Market staged demonstration on Monday to protest against building what they called "illegal" shops by putting up a barricade on the road. — FE Photo

ADN Eduservices Limited and Aptech International signed a partnership agreement

ADN Eduservices Limited and Aptech International signed a partnership agreement in Dhaka recently. The ceremony was attended by ADN Group chairman Asif Mahmood, managing director Tapan Kanti Sharkar, and senior manager of Aptech International Som Baksi.

Popular actress Bipasha Hayat poses after unveiling the pack of 'Deshimasala'

Popular actress Bipasha Hayat poses after unveiling the pack of 'Deshimasala' — a variant of Chopstick instant noodles of Square Food and Beverage Ltd — at the Chopstick mini-premier pavilion at Dhaka International Trade Fair in the capital recently. Zakir Ibne Hai, Chief Operating Officer of Square Food and Beverage...

Chinese economy likely to fare well this year also

BEIJING, Jan 22 (Xinhua): China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in gross domestic product (GDP) growth is the popular view among global investors given a high comparison base, while a more balanced and sustainable economy is...

Myanmar-ASEAN trade climbs to $7.5b in eight months

YANGON, Jan 22 (Xinhua): Trade between Myanmar and members of the Association of Southeast Asian Nations (ASEAN) reached 7.5 billion US dollars in the first eight months (April-November) of the present fiscal year 2017-18, the official Global New Light of Myanmar reported Monday. During the period, Myanmar's export accounted for...

Sterling steadies at $1.39 after best run since 2014

LONDON, Jan 22 (Reuters): Sterling steadied around $1.39 on Monday, with traders cautious about pushing the pound higher after five consecutive weeks of gains against the dollar - the currency's longest winning streak since 2014.Data published on Friday showed speculators increased their net-long positions on sterling - or bets that...